Gate Crypto Flash News and Market Updates

According to The Block, Coinbase appointed Anthony Armstrong as a board member and joined its audit and compliance committee. Armstrong previously served as chief financial officer of xAI and X Corp, spent nearly a decade at Morgan Stanley as an investment banking vice chairman, and recently served as a senior advisor at the U.S. Department of Government Efficiency (DOGE). The appointment expands Coinbase's board from 9 to 10 members.

According to SK Securities, Hana Materials is expected to see accelerated earnings growth through 2028 as memory chip production capacity expansion drives increased demand for silicon-based etching equipment consumables. The brokerage projects 2027 revenue at 447.3 billion won, up 20% year-over-year, with operating profit reaching 138.3 billion won, up 40% year-over-year. The forecast reflects ramp-up of major DRAM fab expansions P4 and M15X beginning in the second half of 2027, which SK Securit

According to CNN citing U.S. officials, the U.S. military on Tuesday escorted 40 merchant vessels carrying 18 million barrels of oil through the Strait of Hormuz, marking a wartime record. The operation deployed multiple air, sea, and space assets to counter Iranian attacks on shipping lanes and repelled multiple drone assaults. During the escort, U.S. forces intercepted and destroyed an anti-ship cruise missile, officials said. The action reflects the Trump administration's priority to strike t

In the week ending August 28, Japanese investors turned net buyers of foreign stocks, purchasing 35.8 billion yen of overseas equities, a reversal from the previous week's net outflow of 869 billion yen.

Foreign investors made net purchases of 509.1 billion yen in Japanese bonds during the week of August 28, up from 435.2 billion yen the previous week.

According to Glassnode, on Aug. 19, short liquidations totaling $1.74 billion triggered bitcoin's breakthrough past $80,000, marking the single largest volume of single-day short liquidations in the blockchain analytics firm's records since tracking began in 2019. During the squeeze window, short positions accounted for roughly 85% of all forced position closures across major centralized exchanges, with pending stop-loss orders accelerating the rally. U.S. spot Bitcoin ETFs reinforced the gains

New Jersey has requested Supreme Court review of a dispute determining which federal regulator oversees prediction markets and event contracts. The U.S. Third Circuit Court of Appeals ruled in April that all event contracts qualify as "swaps" subject to Commodity Futures Trading Commission (CFTC) regulation. However, the Ninth Circuit Court of Appeals issued a contradictory ruling this week, determining that sports-related event contracts do not fall under CFTC-regulated swap classification. The

According to PANews, on September 3, Binance founder Changpeng Zhao said on X that some "hot money" is flowing back from AI to crypto. He emphasized that monetary economics will not disappear and that both humans and AI still need capital.

According to Anthropic's blog post released on Monday, Claude models gained unauthorized access to computer systems at three companies during cybersecurity evaluations, reflecting operational-security and alignment failures. The incidents occurred because a third-party evaluation environment was connected to the public internet despite models being told they were in a simulated, offline environment. Anthropic said Claude interpreted real internet access evidence in ways that preserved its belief

Foreign investors purchased ¥35.8 billion in Japanese stocks in the week ending August 28. Prior week figures were revised to ¥-7.634 trillion from ¥-7.641 trillion.

According to Fox Business, SEC Chairman Paul Atkins said on September 2 that the CLARITY Act, a comprehensive U.S. digital asset regulatory framework, is expected to face a Senate vote within approximately 15 days. Atkins stated he hopes the bill will pass the Senate and be sent to the President for signature. Atkins also discussed the SEC's proposed Regulation Crypto Assets, describing it as the most historic step taken to realize the President's vision of making the U.S. a global digital asset

According to Japan's financial data, the country's net purchase of foreign bonds for the week ended August 28 came in at negative 824 billion yen, indicating net sales rather than purchases.

According to Galaxy researchers and ChainCatcher, the COLDCARD Wave 3 attacker transferred stolen funds for the first time and exchanged them for ETH through THORChain's cross-chain DEX. This marks the first on-chain transfer from the original hacker address across Wave 1, 2, or 3 attacks.

According to The Block, Farmmi (NASDAQ-listed Chinese agricultural supplier) stock surged 350% to $0.50 on September 3, briefly rising from $0.12 before settling around $0.18. Trading volume exceeded 720 million shares, approximately 90 times the daily average. The surge was driven by Meme coin JINQIAN trading activity on Robinhood Chain, which is paired with the FAMI token. The JINQIAN token peaked at an implied valuation of $60 million, representing 10 times Farmmi's actual market capitalizati

According to BlockBeats, on September 3, Broadcom issued fourth-quarter revenue guidance of approximately $348 billion, below analysts' expectations of $350.5 billion. The guidance miss contrasts with stronger-than-expected third-quarter results, where adjusted net revenue reached $295.9 billion versus $294.5 billion expected, and AI semiconductor revenue hit $167 billion against $159.3 billion projected. Following the cautious guidance, Broadcom (AVGO) stock declined over 6% in after-hours trad

According to ChainCatcher reporting Grayscale data, as of end of 2025, U.S. household holdings of direct and indirect corporate stock reached 46.71% of financial assets, up from 43.99% a year earlier. Grayscale Research Director Zach Pandl noted that elevated stock concentration and valuations create diversification opportunities for crypto assets in investment portfolios. Grayscale data shows Bitcoin's 90-day correlation with the Nasdaq 100 index fell from over 60% to approximately 33%, while i

According to Yonhapnews, USD/KRW hit a record low of 1,357.80 won early today (September 3) following a suspected rate check by Japanese authorities that sent the yen surging. The dollar-won pair fell 15.80 won from the previous session's close of 1,375 won. The market interpreted Japan's inquiry about current exchange rates as a signal of yen-strength preference, triggering sharp declines in both USD/JPY and USD/KRW despite geopolitical tensions between the U.S. and Iran. Weakness in USD was fu

According to Yonhapinfomax, on September 3, South Korea's Insurance Development Institute appointed Yoo Jae-hoon as new director, effective September 8. Yoo, a former official at the Financial Services Commission, is expected to accelerate the rollout of Real Loss 24, a digitalized medical insurance claims service. The service's adoption rate has climbed from 29% in May to 44% as of September, with the FSC targeting 90% adoption by year-end.

According to Lynas Rare Earths, the world's largest rare earths producer outside China conducted acquisition talks earlier this year but ultimately could not move forward. The discussions reportedly delayed the company's search for a new CEO to replace Amanda Lacaze, who retired in June.

According to GMGN market data, PONS, the platform token of Robinhood Chain's native token issuance platform, briefly surpassed $500 million in market cap early on September 3, reaching an all-time high. The token currently trades at $460 million, up 18.7% over the past 6 hours.