Gate Crypto Flash News and Market Updates

According to CME COMEX data, on September 1 afternoon, December gold futures fell 2.33% to $4,376.90 per troy ounce, marking a fourth consecutive day of decline. Gold has dropped below the $4,400 level after surging to the $4,700s earlier in August. The decline follows a broad rise in government bond yields across major economies. U.S. 10-year Treasury yields touched 4.8% intraday, marking the highest level since January 2025, while Japanese 10-year yields surpassed 3% for the first time since S

According to Hankyung, Homeplus will hold a debt creditor meeting on September 2 to vote on its restructuring plan, with 200 billion Korean won in emergency operating funds (DIP) already secured from Meritz Financial Group entities. The restructuring plan requires approval from at least 75% of secured creditors, 66.7% of unsecured creditors, and 50% of shareholders. As of August 31, supplier creditors approved 59% of the deferred payment terms for over 500 billion won in unpaid supplier invoices

According to Federal Election Commission (FEC) records as of Tuesday (Sept. 2), Protect Progress PAC, an affiliate of the crypto-backed political action committee Fairshake, spent just over $189,000 on media to support Representative Jake Auchincloss' reelection bid in Massachusetts' 4th congressional district. The spending included AI-generated mailers supporting Auchincloss ahead of the primary, according to Democratic candidate Jason Poulos. Poulos called on Auchincloss to "publicly renounce"

According to the Islamic Revolutionary Guard Corps (IRGC) statement released on September 1, Iran claimed to have downed a U.S. MQ-9 drone in retaliation for American airstrikes on Iranian positions in Sistan-Baluchestan and Hormozgan provinces. The IRGC stated it was the 50th U.S. drone destroyed using its new air defense system. The U.S. Central Command confirmed it conducted airstrikes on IRGC targets starting at noon local time. President Donald Trump later posted on Truth Social: "If they r

According to Jin10 citing Iranian military officials, Iran launched large-scale drone strikes against Sheikh Isa Air Base in Bahrain yesterday (September 2), claiming the action was in response to enemy attacks on Iran's southern region. The strikes were part of "Operation Thunder" phase 29. Iranian military stated the base is one of the "most important and sensitive U.S. military installations" in the Persian Gulf, responsible for helicopter and drone component maintenance and equipped with sur

According to Wall Street research firm Bernstein, lead analyst Gautam Chhugani predicted Bitcoin will reach $125,000 by the end of 2026. Bernstein's forecast is based on a cycle model, mining cost multiple, and macro debasement trade outlook. The firm also sees Bitcoin potentially reaching $150,000 by mid-2027 and testing the $300,000 zone thereafter. Other analysts have shared divergent forecasts in recent weeks. BitMEX co-founder Arthur Hayes stated a year-end price of $126,000 is possible, wi

According to the companies' joint statement, Nvidia invested $3.5 billion in MediaTek's convertible bonds on Monday, covering roughly 90% of MediaTek's $3.9 billion offshore bond offering. Alphabet also participated in the offering, though the amount was not disclosed. MediaTek shares hit their daily limit on Tuesday, up 10% in Taipei trading. MediaTek expects its AI chip business to generate $2 billion in revenue this year and will adopt Nvidia's NVLink Fusion platform to integrate custom-built

According to Xinhua, the Middle East Energy Expo 2026 opened today in Dubai's World Trade Centre. The three-day event brought together energy and power industry professionals from over 150 countries and territories.

Russian President Vladimir Putin said recently that Russia is willing to supply natural gas to Europe and could restore supplies immediately. According to Putin, European nations only need to make a decision to press a button, but fear of U.S. sanctions prevents them from doing so.

According to RBC Capital analyst Christopher Dendrinos, Fervo Energy (FRVO) stock closed 28% higher on Tuesday after the company announced a 396-megawatt power purchase agreement with Google. The contract, which RBC said was expected but arrived sooner than previously anticipated, represents Fervo's largest deal to date and will supply around-the-clock clean power from its Cape Station project in Utah, with first deliveries targeted for 2028. RBC noted that the agreement builds on Fervo's earlie

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

According to an official statement, Jordan's defense systems intercepted 13 ballistic missiles entering the country's airspace today.

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

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

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

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

According to the Wall Street Journal, Google may release Gemini 3.8 Flash as soon as Wednesday (September 2). Google's stock rose 1.2% in after-hours trading.

U.S. stock index futures declined on Tuesday (September 1) at the close of New York trading. S&P 500 futures fell 0.63%, Dow futures declined 0.75%, and Nasdaq-100 futures dropped 1.26%. Russell 2000 futures were down 1.15%.

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

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.