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
12:56
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RWA Perpetual Contracts Hit $117.3B in August, On-Chain Platforms Account for 86%

According to a16z crypto analysis released on September 23, real-world asset perpetual contract trading volume reached $117.3 billion in August 2026, with on-chain platforms accounting for $101 billion, or 86% of the total. Centralized exchanges recorded approximately $16 billion in trading volume, up 44-fold year-over-year. Outstanding contracts reached $4.8 billion as of August's end, representing a 30-fold increase from $161 million in July 2025. Asset composition shifted, with equities repre
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12:44
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Domestic Institutions Net Buy 5.7 Trillion Won, Drive KOSPI Above 7000 Through Sept 22

According to Korea Exchange, domestic institutions net purchased 5.78 trillion won on the Korean stock market from September 1-22, driving the KOSPI index above the 7000 level. Samsung Electronics and its preferred shares accounted for approximately 75% of institutional net buying, totaling 4.33 trillion won. Foreign investors sold both Samsung Electronics and SK Hynix, net selling 3.26 trillion won and 6.46 trillion won respectively during the same period. The divergence reflects contrasting vi
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12:43
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Trump Plans to Cut $810 Million in Federal Spending Using Pocket Veto, Friday Evening

The White House announced on Friday evening that President Trump plans to implement a cross-agency pocket veto to reduce $810 million in federal spending before the fiscal year ends. The move, which gives Congress minimal time to respond, targets the Department of Health and Human Services, with $567 million being withdrawn from the refugee resettlement office. Both parties in Congress swiftly condemned the action, citing concerns over constitutional violations of congressional spending authorit
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12:38
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Ethereum PeerDAS Runs Stably for Nearly a Year Without Issues, Vitalik Says

According to ChainCatcher, Ethereum co-founder Vitalik Buterin announced that PeerDAS has run stably for nearly a year with virtually no problems, calling it an "underestimated achievement" by Ethereum client developers. Buterin noted that PeerDAS is a complex undertaking and the first blockchain system at scale to achieve consensus on data availability without requiring any single node to download the full block, enabling decentralized consensus without complete data replication.
ETH-0.75%
12:37
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DS Kosdaq Active ETF Surges 26% in a Month as Semiconductor Supply-Chain Stocks Rally

According to Korea Exchange data as of September 23, six Kosdaq active ETFs all outperformed their benchmarks over the past month, with DS Asset Management's DS Kosdaq Active recording the highest gain of 26.04% among all ETFs listed on South Korean exchanges. The Kosdaq Index itself rose only 0.43%, while the Kosdaq 150 Index declined 3.10%. The rally was driven by a surge in semiconductor materials, parts, and equipment (SME) stocks. DS Kosdaq Active concentrated 82.88% of its portfolio in IT
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12:34
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CFTC Guidance on Mention Markets Fails to Fully Address Manipulation Risks, Galaxy Research Says

According to Galaxy Research, the U.S. Commodity Futures Trading Commission (CFTC) released guidance this week on "Mention Markets"—prediction contracts tied to specific individuals' public statements and actions. Galaxy Research highlighted that such contracts carry structural manipulation risks distinct from traditional event contracts, as outcomes depend directly on a single person's voluntary behavior. For example, a contract predicting "whether Elon Musk mentions Bitcoin on the next SpaceX
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12:34
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CZ Says Most Crypto Projects Will Fail; Advises Retail Investors to Focus on Fundamentals

According to BlockBeats, on September 26, Binance founder CZ responded to questions about numerous failed projects listed on the platform, stating that most projects in any market ultimately fail. He drew parallels to the internet industry, where millions of companies emerged but only hundreds succeeded, with few becoming influential. However, successful projects may achieve exceptional outcomes. On retail investor participation and losses, CZ said providing public access to early investments ha
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12:32
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DEEPX Plans 2027 IPO, Prioritizes Korean Market as DX-M1 Chip Hits $13M Orders

According to an interview on September 18, DEEPX CEO Kim Nok-won said the company is considering preparing for an IPO as early as 2027, with the Korean market as the priority listing venue. The physical AI semiconductor maker is focusing on business expansion and next-generation product development this year before deciding on underwriters in 2027. DEEPX's DX-M1 chip has secured 77 commercial purchase orders exceeding $13 million from over 10 countries across robotics, drones, factory automation
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12:31
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China's Autumn Grain Harvest Progresses, Nearly 20% Collected Nationally as of Late September

According to CCTV News, China's autumn grain harvest is progressing across major production regions as of late September 26, with nearly 20% of crops collected nationally. Autumn grain accounts for approximately 75% of the nation's annual grain output. Regional progress varies, with southwestern regions exceeding 50% completion and the Yangtze River middle and lower reaches surpassing 30%. Recent rainfall has intensified harvest efforts.
12:28
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Trump Administration Exploring Fuel Tax Suspension as Diesel Prices Hit $6.50 per Gallon

According to Bloomberg, Trump administration officials are exploring measures on September 26 to address surging diesel prices, including suspending fuel taxes and removing sales restrictions on dyed diesel. Vice President Vance, Energy Secretary Wright, Interior Secretary Burgum, and Treasury Secretary Bessent are among the senior officials involved in discussions. U.S. diesel prices remain elevated at $6.50 per gallon. Earlier this week, Trump's proposed export ban on diesel fueled price incre
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12:26
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South Korea to Shorten Stock Settlement Cycle to T+1 Following Chuseok, Overhauls Kosdaq

According to Yonhapnews TV, South Korea's government announced plans to shorten the stock settlement cycle from T+2 (two trading days) to T+1 (one trading day) following the Chuseok holiday, with a detailed roadmap to be released in October. The change will allow investors to receive funds from stock sales faster, though settlement risks may increase due to compressed timelines, particularly for foreign investors. Additionally, the Korea Exchange will introduce Kosdaq segmentation to strengthen
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12:22
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Bitget Withdrawal Resumption Starts With Bitcoin on Sept 28

According to Bitget's withdrawal resumption plan, Bitcoin withdrawals are set to resume at 08:00 UTC on September 28, followed by Ether on September 29, USDT on September 30, and other assets plus fiat services on October 2. The exchange suspended withdrawals on September 24 after detecting unauthorized transfers totaling approximately $387.5 million from its wallets. Bitget's technical team has fixed the identified vulnerabilities and is conducting additional security checks with assistance fro
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BTC-0.35%
12:20
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South Korea Savings Banks Raise Deposit Rates to 4.07% as Investors Shift from Stocks

According to the Financial Supervisory Service, South Korean savings banks today reached record high deposit rates for 12-month fixed deposits, with Woori Savings Bank offering 4.07% annual interest—the highest across all banks and savings institutions. The rate hikes follow intensifying competition among major banks. South Korea's five largest banks—KB Kookmin, Shinhan, Hana, Woori, and NH Nonghyup—raised their standard fixed deposit rates to an average of 3.4%–3.5%, up from 3.2%–3.4% previousl
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12:18
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CZ Denies Having Power to Move Crypto Markets, Says August 19 Bitcoin Post Timing 'Pure Coincidence'

According to BlockBeats, on September 26, Binance founder CZ stated during the "When Shift Happens" podcast that while he remains bullish on Bitcoin, he does not have the ability to influence overall crypto market prices. CZ addressed a post he made on August 19 when Bitcoin was trading around $60,000, which the market interpreted as encouragement to buy. The crypto market subsequently surged approximately 20% in the following days. CZ clarified he lacks the power to drive market-wide price move
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BTC-0.35%
12:13
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Morgan Stanley Shifts AI Investment to 'Barbell Strategy': Supply Bottlenecks and Adoption Enterprise in Focus

According to Morgan Stanley's latest thematic research report, AI investment is entering a new stage shifting from pure compute expansion toward a "barbell strategy," with exposure concentrated at two ends: addressing supply bottlenecks in AI infrastructure—particularly power—and identifying AI-adopting enterprises achieving measurable business benefits. The report indicates AI-adopting enterprises are showing profit inflection, with expected cumulative EPS growth of approximately 70% over the n
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12:12
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CFTC Sues Cash FX Group Over $950M Forex Ponzi Scheme, Cites $406M Losses

According to the CFTC, the Commodity Futures Trading Commission has sued Cash FX Group S.A., CEO Huascar Jose Lopez Castillo, The Conversion Pros Inc., CEO Ronald Pope, and Justin Halladay, alleging they operated a multilevel marketing Ponzi scheme that collected over $950 million for purported foreign-exchange trading. The civil enforcement action, filed in the U.S. District Court for the Middle District of Florida, alleges participants were promised weekly returns of up to 15% on pooled forex
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12:10
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Six U.S. Tech Giants Need $1.42 Trillion Revenue by 2030 to Hit 15% ROI on AI Infrastructure: Goldman Sachs

According to Goldman Sachs, a report released on September 26 analyzed AI capital spending returns for six major U.S. tech firms—Alphabet, Amazon, Microsoft, Meta, Oracle, and SpaceX—based on their 2026-2027 investments. Assuming approximately $42 billion in upfront costs per gigawatt (GW) of computing capacity, Goldman Sachs estimates these six companies must collectively generate $1.42 trillion in revenue between 2028 and 2030 to achieve a 15% annual return on invested capital (ROIC), equivale
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