Gate Crypto Flash News and Market Updates

Bitmine purchased 28,086 Ethereum tokens last week, worth approximately $70 million at its reference price of $2,495 per token, bringing its total ETH holdings to 5.93 million tokens. The purchase represents 4.9% of Ethereum's total supply, moving the company 97% toward its stated goal of owning 5% of ETH. Bitmine has staked approximately 85% of its ETH holdings and projects annualized staking revenues of $330 million.

According to BlockBeats, Cobo co-founder and CEO Shen Yu recalled on September 8 that he has held "psychological shadows" about Zcash since its mainnet launch in 2016. When ZEC went live, BitMEX capped its price at 10 BTC. Shortly after mining commenced that night, a transformer at his GPU mining farm was struck by lightning. Since the incident, Shen Yu stated he has never held ZEC in his personal wallet again.

According to Nepal's police and CCTV, as of 8 p.m. local time on Sept 8, the death toll from mudslide disasters in Nepal has risen to 1,365.

According to the New York Federal Reserve's August survey, respondents' views on their current and future personal financial situations deteriorated compared to prior periods.

According to the Federal Reserve Bank of New York, labor market expectations in August showed mixed signals, with some indicators pointing to strength while others suggested softening in the employment outlook.

According to the New York Federal Reserve, consumers surveyed in August expect gasoline prices to increase in the coming months.

According to the New York Federal Reserve, the 1-year inflation expectation stood at 3.58% in August, declining from 3.63% in the previous month.

The New York Federal Reserve reported that three-year inflation expectations declined to 3.2% in August, down from 3.3% in July. The monthly decline of 0.1 percentage points reflects shifting market views on medium-term price pressures.

According to the New York Fed, five-year inflation expectations remained unchanged at 3% in August, based on its latest survey data.

Saudi Arabia's crude oil production and exports plummeted in August due to disruptions in the Strait of Hormuz and Red Sea shipping routes, according to market analysis. The sharp decline has halted the overall production recovery momentum of OPEC.

According to PPP prediction market monitoring, a profitable account (0x2c335066fe58fe9237c3d3dc7b275c2a034a0563) with a trading history of over $7.4 million in gains recently purchased $103,000 worth of G2 victory bets in the CS2 FISSURE Playground 3 match against Astralis. The position was opened at an average price of $0.70 per share, with a total of 147,978.7 shares purchased. The match is a best-of-three quarterfinal in Group A of FISSURE Playground 3.

According to BeInCrypto, Kraken notified customers of withdrawal delays on September 8, marking the exchange's second outage that day. The issue follows account balance history data delays reported hours earlier. Since September 4, Kraken has suspended deposits on over 20 blockchain networks, including Cosmos and Celestia, with no recovery timeline provided. Its status page indicates 23 of 725 funding services remain in a degraded state.

According to Turkey's Agriculture Ministry, Turkey and Russia signed a memorandum of understanding on Tuesday to expand nitrogen fertilizer imports and ease difficulties in sourcing urea from Persian Gulf producers. The agreement exempts Turkey from Russian export restrictions on nitrogen fertilizer, phosphate fertilizer, and ammonia, helping secure Turkey's fertilizer and raw material supplies.

According to Iran's Islamic Revolutionary Guard Corps Navy, its forces captured an advanced U.S. unmanned submarine at the entrance of the Strait of Hormuz at dawn on September 8 through a complex intelligence and military operation. The military branch stated it successfully secured the submarine and said related images would be released in coming hours.

According to GMGN, Venice (VVV) market cap hit $2.7 billion on September 8, marking an all-time high, with 1-hour gains of 24.69%. The token price reached $23.89.

Backpack has launched perpetual futures for four equity stocks—$HOOD, $CRCL, $TSLA, and $DRAM—now available for 24/7 trading on the platform, according to an official announcement. The new products allow users to trade traditional equity assets continuously, marking the platform's expansion into equity derivatives within the crypto trading ecosystem.

According to Counterpoint Research, Micron's DRAM market share rose to 25% in the second quarter, closing to within one point of SK Hynix at 26%, with Samsung leading at 39%. Micron's stock traded near $1,017, up approximately 245% this year. TrendForce data shows DRAM contract-price growth decelerated sharply to a forecast of 13% to 18% for the current quarter from 90% to 95% in the first quarter, shifting focus from pricing strength to competitive share gains.

According to BlockBeats citing Coinglass data, BNC contract liquidations reached $4.06 million over the past 12 hours on September 8, ranking sixth across all cryptocurrencies. Long position liquidations accounted for $570,000, while short position liquidations totaled $3.49 million.

On September 7, German automaker Volkswagen Group announced it has sold its factory in Osnabrück, northwestern Germany, to an Israeli-based investment firm and the state government of Lower Saxony. The plant will transition from automotive manufacturing to military equipment production. The deal comes as Volkswagen faces headwinds from U.S. tariff policies and a weakened market.

According to ChainCatcher, Tether froze approximately 39.27 million USDT across 10 addresses on the Tron network earlier today, linked to Xinbi Guarantee. The action, detected by MistTrack, follows previous freezes of funds related to Huiwang Guarantee and appears to target illegal custodial platforms operating on Telegram.