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
11:07
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TD Cowen Raises Meta Price Target to $865 After Meta Connect 2026, Sees Muse Revenue Reaching $1.8B in 2027

According to TD Cowen, the firm raised its Meta Platforms Inc. (META) stock price target to $865 from $750 on September 25, following Meta Connect 2026, while maintaining a 'Buy' rating and increasing its revenue, EBITDA, and earnings estimates. The firm estimates worldwide Muse revenue will grow from $55 million in 2026 to $1.8 billion in 2027, then reach $27 billion by 2031. TD Cowen called Muse, Meta's personal AI agent, the 'clearest signs to date' of potential returns from the company's ong
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11:04
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Eli Lilly Gains Ground in GLP-1 Market as Novo Bets on $23 Billion Pipeline by 2035

According to CNBC exclusive interviews this week, Eli Lilly is expanding its lead in the GLP-1 drug market. The company's obesity pill Foundayo is capturing one-third of new oral GLP-1 patients, with its market share growing week by week. In the newly covered Medicare market for obesity treatments, which launched in July, 70% of approximately 700,000 seniors starting GLP-1 therapies are on Lilly's drugs. Meanwhile, Novo Nordisk unveiled an ambitious strategy Monday to reignite growth beyond its
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11:04
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Ethena Expands USDe Strategy With Tokenized U.S. Stocks, $2.9B in Open Positions on Binance

According to The Block, Ethena on September 25 added tokenized U.S. stocks to its USDe basis trading strategy, using Binance bStocks as collateral while employing Binance stock perpetual futures contracts for delta-neutral hedging. The protocol's risk committee had previously approved tokenized equities for the configuration. Binance stock perpetual futures currently hold over $2.9 billion in open interest with a 105% month-over-month composite growth rate. Ethena reported that basis trades aver
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ENA12.77%
USDE0.01%
11:02
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BitGo Appoints Greg Cipolaro as Head of Research on September 24

According to BusinessWire, BitGo appointed Greg Cipolaro as Head of Research and launched a new research unit for institutional clients on September 24. Cipolaro joined through BitGo's August acquisition of NYDIG's institutional trading business, where he previously served as Global Head of Research. BitGo Research will provide market commentary, thematic reports and data-led analysis covering digital asset markets and industry trends.
11:01
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Philippines Suspends Excise Taxes on LPG and Kerosene for 3 Months as Dubai Crude Hits $99.41/Barrel on September 25

According to Rappler, on Friday, September 25, President Ferdinand Marcos Jr. suspended excise taxes on liquid petroleum gas (LPG) and kerosene via Executive Order No. 125, effective immediately upon publication. The suspension lasts up to three months and was triggered by Dubai crude oil reaching $99.41 per barrel, exceeding the $80-per-barrel threshold. Gasoline and diesel were excluded from the tax relief. The Development Budget Coordination Committee and Department of Energy will review the
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11:01
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Federal Reserve Chair Warsh Raises Rates by 25 Basis Points in September, Pivots to Broader Financial Conditions Framework

According to CNBC, Federal Reserve Chair Kevin Warsh raised rates by 25 basis points in September, marking the first rate increase since 2023. Warsh, 127 days into his tenure, is gradually shifting the Fed's policy framework to de-emphasize traditional forward guidance and instead focus on broader financial conditions including asset prices, Treasury trading, dollar exchange rates, credit conditions, and commodity prices. The new framework leaves room for further rate increases amid inflation re
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10:57
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UBS Says Market Pricing Fed Rate Hikes Too Aggressively, Expects Dec Hold, Oct Odds Hit 70%

According to BlockBeats, on September 25, UBS Chief Investment Officer Mark Haefele said the market is pricing the Federal Reserve's tightening path too aggressively. While federal funds futures show a 70% probability of a rate hike in October following the 10-year Treasury yield breaking above 5.1%, UBS's base case remains that the Fed hikes once more in December, then holds rates steady thereafter. UBS forecasts the U.S. Bureau of Economic Analysis annual revision will lower core PCE inflation
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10:51
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Binance Adds 25 New Stocks to Spot Trading Platform

According to Binance's official announcement, the exchange has added 25 new stocks to its Spot trading platform. The expansion also introduces custom price alerts and improved charting tools, as part of Binance's broader strategy to enhance its traditional finance offerings.
10:51
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Ripple CEO Garlinghouse Says XRP Not Always Best for Cross-Border Payments

In recent public remarks, Ripple CEO Brad Garlinghouse acknowledged that XRP is not universally the optimal solution for every cross-border payment scenario, and stablecoins can sometimes solve payment problems more effectively. He stated, "It could be that XRP is the best bridge asset for that purpose," framing the asset's utility as conditional rather than default. Garlinghouse also clarified he is not an XRP maximalist and personally holds multiple cryptocurrencies including Solana (SOL). He
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XRP6.08%
SOL5.11%
MEME7.68%
10:51
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Google Puts 4 Trillium TPUs in Orbit on Oct 1 via SpaceX Rideshare

On October 1, Google will launch four Trillium TPUs aboard SpaceX's Transporter-18 rideshare mission from Vandenberg Space Force Base as part of Project Suncatcher, according to the company. The prototype satellite, roughly refrigerator-sized and developed with Planet, will enter a dawn-dusk sun-synchronous low Earth orbit. Google's core premise is that satellites in near-constantly sunlit orbits can harvest up to eight times more solar power than equivalent ground-based arrays. The company has
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10:46
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Magic Eden Discloses Payment Processor V2 Vulnerability; NFTs Listed Feb-Oct 2024 May Be Affected

According to PANews, Magic Eden disclosed on Sept 25 that a vulnerability was discovered in Payment Processor V2, an NFT trading protocol maintained by Limit Break. The protocol was used by Magic Eden for EVM market settlements in 2024 but was discontinued in October 2024. Magic Eden closed its EVM market entirely in Q1 2026, so current listings are unaffected. However, NFTs listed on Magic Eden's EVM market between February and October 2024 may be at risk. Magic Eden recommends users who previo
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ME4.53%
ETH2.48%
10:44
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Altcoin Seasonality Index Surges to 56 on September 25 as Bitcoin Consolidates Near $84,000

According to CoinDesk, on September 25, altcoins rallied broadly as Bitcoin consolidated near $84,000. CoinMarketCap's altcoin seasonality index climbed to 56, marking a significant rise from 45 one week prior and 38 one month earlier, and reaching the highest level in over three months. Bitcoin entered a consolidation phase after rising from below $63,000 in August to nearly $87,000 earlier this week, prompting capital rotation into altcoins. Tokens including Chainlink (LINK), ICP, and Bittenso
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BTC1.44%
LINK13.71%
ICP10.16%
TAO8.38%
10:43
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Volkswagen Removed from Eurostoxx 50 After 15 Years, Stock Down 75% From 2021 Peak

According to Reuters, Volkswagen was removed from the Eurostoxx 50 blue-chip index on September 22, marking its first exclusion in 15 years. The automaker's stock has plummeted more than 75% from its 2021 peak, with market capitalization shrinking to approximately €38 billion as of September 22. On September 18, Volkswagen cut its full-year operating margin guidance to a maximum of 1% from the prior range of 4–5.5%, citing €10 billion in expected one-time charges including €6 billion in Porsche-
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10:43
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Iran's President Says Supreme Leader Khamenei Is in Good Health, Governs Normally

According to Fox News, on September 24, Iran's President Masoud Pezeshkian said Supreme Leader Ayatollah Khamenei is in good health and governance functions normally. Speaking in an exclusive interview, Pezeshkian said he met with Khamenei more than a month ago for a seven-hour discussion, and that Iran's policy guidelines are set by the Supreme Leader.