Gate Crypto Flash News and Market Updates

According to BlockBeats via GMGN monitoring, on September 7, known trader Bonk Guy completed 8 cross-chain purchases of the meme coin MEME between September 5 and 7, investing approximately $321,700 USDC for 8.21 million MEME tokens at an average cost of $0.03921. The accumulated position is now valued at approximately $747,600, with unrealized gains of $425,900, representing a 132.4% return. The largest purchase occurred today at 00:03 UTC, when Bonk Guy deployed approximately $66,700 USDC from

According to ChainCatcher, analyst Darkfost reported that Bitcoin just experienced its most severe deleveraging since 2023. Binance open interest fell to $9.6 billion, below the 180-day average, with the largest long and short liquidation events of the current cycle occurring during this period. Spot buying pressure, measured by the 365-day cumulative net inflow (difference between spot buys and sells), has reached its strongest level since the previous bear market.

According to Dailian, South Korea will impose a 22% tax on cryptocurrency investments starting in 2027, with a 2.5 million won basic exemption. However, tax treatment varies significantly based on the investment method. Direct cryptocurrency purchases are classified as miscellaneous income and cannot offset losses from other overseas investments. In contrast, cryptocurrency-linked ETFs are classified as overseas stock capital gains, allowing investors to combine losses across all overseas invest

According to Jin10, three major foreign exchange options contracts (EUR, CHF, AUD) with strike prices exceeding 1 billion each are set to expire on September 7 at 22:00 UTC+8.

China's domestic futures market closed mixed on the afternoon of September 7. Synthetic rubber led gains, surging over 4%, followed by 20# rubber climbing nearly 3%. Among decliners, manganese silicon and silicon iron both fell over 4%, while lithium carbonate dropped over 3%. Other commodities showing notable moves included eggs, crude oil, asphalt, and rubber up over 2%, while thermal coal, coking coal, silver, and gold fell over 2%.

According to ZachXBT on September 6, multiple verified WOO X users reported withdrawal transactions stuck for up to three days, prompting blockchain investigator to publicly question the exchange. Some customers reported requests remaining in pending or processing status for as long as three days, while others said transfers to self-custody wallets had remained submitted for over six hours. WOO X acknowledged the reports on Sunday, saying it was aware of withdrawal processing delays and reviewin

According to Coindesk, a British investor named Chris recently recovered 59 BTC that had been inaccessible for 12 years after the closure of UK-based crypto exchange Intersango. The investor initially purchased the bitcoin in December 2011 through Britcoin, which later rebranded to Intersango before ceasing operations in late 2012 and fully shutting down in early 2014. Chris's initial investment of approximately $2,000 has grown to around $4.5 million, representing a roughly 2,250-fold increase

According to HTX market data, Solana (SOL) broke through $105, currently trading at $105.04, down 0.34% over the past 24 hours.

According to TrendForce, DRAM industry revenue surged 59.5% quarter-over-quarter in Q2 2026 to $154.73 billion, driven by significant price increases in conventional DRAM contracts. AI server demand, fueled by LLM model training and inference workloads, boosted shipments of HBM3e, LPDDR5X, and high-capacity RDIMMs. However, memory supply remains constrained; manufacturers prioritized server applications while maintaining minimal inventory levels, resulting in modest overall bit output growth des

Switzerland's unadjusted unemployment rate remained at 3% in August, unchanged from the previous month.

According to official data reported by Foresight News, Binance bStocks cumulative trading volume surpassed $300 billion on September 7, 2026, approximately 3 months after its launch on June 11. The platform offers 24/7 trading across over 7,000 assets including stocks, options, and cryptocurrencies, with support for both long and short positions.

Switzerland's seasonally-adjusted unemployment rate remained at 3.1% in August, unchanged from the previous month.

According to OKX official announcement, OKX Wallet launched DeFi Loop Earn, allowing users to construct leveraged yield positions in a single transaction on X Layer. The product integrates deposit, swap, and borrowing operations and supports customizable loop cycles. Users can preview estimated yields, borrowing costs, and liquidation prices before executing trades. The feature supports Aave lending, Pendle yield markets, and X Layer liquidity, with maximum APY reaching 34.6% when combined with

According to Citi research, Zhongjixuangchuang (03308.HK) received an initial buy rating with a 1,524 Hong Kong dollar target price based on 16.2x 2027 P/E valuation. Citi projects the company's revenue and net profit compound annual growth rates from 2025 to 2028 will reach 129% and 149%, respectively, driven by strong AI optical communication demand, bandwidth upgrades, and capacity expansion.

According to on-chain analyst Ember, a major Hyperliquid wallet holding a 32,760 ZEC short position incurred approximately $25.7 million in unrealized losses as of Sept. 7, as Zcash surged above $1,200. The short was opened in early July at an average entry price near $444, meaning ZEC has gained roughly 170% against the position. The rally accelerated following Grayscale's conversion of its Zcash Trust into the ZCSH exchange-traded fund, which began trading on NYSE Arca on Aug. 25, providing U.

Volkswagen's labor union warned CEO Oliver Blume on Monday that the restructuring agreement reached last week does not authorize management to proceed unchecked with reforms. The union issued the statement on the company's internal network, signaling continued disputes over employment and factory futures as Blume transitions from securing broad support for the restructuring plan to finalizing implementation details at individual plants.

According to PANews, Binance announced on September 7 that its bStocks platform has surpassed $30 billion in cumulative trading volume since its launch on June 11. The platform enables 24/7 trading across over 7,000 assets including stocks, options, and cryptocurrencies, offering both long and short positions.

Switzerland's seasonally adjusted unemployment rate for August will be released today (September 7). The data point is expected from the Swiss State Secretariat for Economic Affairs.

According to Jefferies economist Mohit Kumar, the firm has been avoiding long-term bonds since July due to concerns over the U.S.-Iran conflict, stating "we see no easy path to resolution." The bank noted that market positioning has reached extreme levels, with position flows as the sole factor currently supporting rates. U.S. August CPI data is set for release on Friday (Sept. 12). Analysts surveyed by the Wall Street Journal expect the year-on-year reading to hold flat at 3.4% versus July.

According to BlockBeats, ETH broke below the $2,500 level on Sept 7, trading at $2,497.3 with a 0.79% daily gain, based on HTX market data.