Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
Today
21:19

MicroStrategy Resumes Bitcoin Buying After 2.5 Months, Acquires 4,603 BTC for $369.7M

According to an SEC filing dated August 31, MicroStrategy (MSTR) acquired 4,603 Bitcoin from August 24-30 for $369.7 million, marking the company's first purchase since mid-June. The acquisition, at an average price of $80,318 per BTC, brought total holdings to 845,050 Bitcoin, with cumulative investment reaching $63.73 billion. MicroStrategy raised $602.8 million in net proceeds by offering 4.53 million shares to fund the Bitcoin purchase, dividend payments, share buybacks, and dollar liquidity
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BTC-2.25%
21:14

South Korean Refining Stocks Surge as Margins Widen Amid Middle East Tensions

According to Newsis, South Korean refining stocks rallied sharply on September 2 as global supply disruptions caused by prolonged U.S.-Iran military tensions and Ukraine conflict pushed refining margins higher. SK Innovation surged 7.81% to 135,300 Korean won, while S-Oil rose 1.07% to 151,700 won; GS-affiliated refinery operator GS Caltex saw its parent stock climb 47% over the month. Refinery capacity recovery in the Middle East and Russia has been delayed despite stabilized crude sourcing thr
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21:13

Broadcom Reports Q3 Earnings on September 3, AI Revenue Guidance for 2027 in Focus

According to News1, Broadcom will report its fiscal 2023 third-quarter earnings after U.S. market close on September 2 (September 3 Seoul time). Investors are closely watching whether the chipmaker will raise its AI revenue guidance for fiscal 2027. Broadcom supplies custom AI chips (ASICs) and data center network chips to major tech companies including Google. JP Morgan forecasts Broadcom's AI revenue will exceed $56 billion in fiscal 2026, then reach $130 billion in fiscal 2027, surpassing the
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21:13

KOSDAQ Index Rises 15.9% in August Despite Trading Volume Plunging to 5.99 Trillion Won

According to News1, South Korea's KOSDAQ index rose 15.9% in August, reaching 834.29 from 719.76, yet daily average trading volume plummeted to 5.99 trillion won—only 38% of May's 15.57 trillion won level. Market analysts attribute the anomaly to thin liquidity, where limited retail buying activity easily pushed up prices in the absence of institutional participation. On September 1, foreigners and institutions both sold, with daily trading volume dropping to 4.66 trillion won, signaling structu
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21:13

South Korean Hair-Loss Treatment Stocks Surge on Wall Street Interest, September 2

According to the Korean Exchange, on September 2, shares of domestic pharmaceutical companies focused on hair-loss treatment surged sharply. JW Pharma and Hyundai Pharma hit daily price limits, while companies including Samik Pharma rose 26.73%, BioNia jumped 25.48%, and others gained 5.85%-10.51%. The rally was triggered by foreign media reports including Bloomberg and Fortune highlighting hair-loss treatment as Wall Street's next investment focus. U.S. biotech startup Vera Dermix saw its stock
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21:09

South Korea's Bank Non-Performing Loan Ratio Hits 0.63% in June, Highest in 5.5 Years

According to the Financial Supervisory Service, South Korea's domestic banks saw their non-performing loan ratio rise to 0.63% at the end of June 2026, marking the highest level since December 2020. The ratio increased by 0.03 percentage points from the previous quarter and 0.04 percentage points year-on-year. Non-performing loans totaled 18.9 trillion won, up 1.2 trillion won from the prior quarter. Corporate loans accounted for 15.2 trillion won, household loans for 3.4 trillion won, and credi
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21:07

Offshore Yuan Falls 42 Pips to 6.7221 on Tuesday

On Tuesday, Sept 1, offshore yuan (CNH) depreciated 42 pips against the U.S. dollar, closing at 6.7221 at New York session close (4:59 AM Beijing time, Sept 2). The pair traded within a range of 6.7169–6.7251 during the day.
21:06

Robinhood Chain DEX Volume Jumps 61% to $1.6 Billion in 4 Days

According to DeFiLlama, Robinhood Chain's 24-hour decentralized exchange volume reached $1.595 billion on Sept. 1, surging 61% from $989 million on Aug. 28. The Ethereum Layer 2 network also held $738.11 million in total value locked (TVL) and $796.74 million in stablecoins as of the same date.
ETH-2.57%
21:02

White House Advances Digital Assets Clarity Act Ahead of September 15 Vote

According to the Blockchain Association, the White House is actively pushing forward the Clarity Act ahead of a pivotal vote scheduled for September 15. Discussed at the SALT Conference by Blockchain Association member Lindsay Fraser, the legislation aims to classify digital assets into three categories, establishing a structured regulatory framework designed to promote innovation while enhancing consumer protections. The act seeks to reshape the regulatory landscape for digital assets in the U.
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21:01

Atlanta Fed's GDP Now Model Raises Q3 Growth Estimate to 4.8%, Up 0.2% Since August 26

According to the Atlanta Federal Reserve's GDP Now model, the U.S. third-quarter growth estimate was raised to 4.8% annualized on September 1, up 0.2 percentage points from August 26's 4.6%. The estimate has fluctuated since reaching a peak of 6.2% on August 3. Real personal consumption expenditures growth was revised upward to 3.5% from 3.1%, while real private investment surged to 21.8% from 14.5%. Net exports contribution declined to negative 1.32 percentage points from negative 0.14 percenta
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20:55

Binance Expands Into Traditional Finance With Options on 1,000 US Stocks and ETFs

Binance is launching options trading on more than 1,000 US stocks and exchange-traded funds for eligible users outside the United States. The options will be offered through Binance's Abu Dhabi-regulated broker-dealer, Nest Trading, with orders routed to Alpaca Securities for execution and clearing. Unlike equity-linked perpetual futures, the options are physically settled, meaning users who exercise them receive or deliver the underlying shares. According to Binance, TradFi perpetual futures vo
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20:55

Iran's Revolutionary Guard Strikes U.S. Base Near Aqaba, Claims Major Casualties

According to Iran's Islamic Revolutionary Guard Corps, the force conducted large-scale ballistic missile strikes against a U.S. Marine Corps base at Udeid Camp near Aqaba in Jordan. The IRGC claimed the attack resulted in significant casualties among American personnel and destroyed multiple key facilities and attack helicopters at the base.