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
08:57
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BTC Short-Term Holders' Profit Margin Falls to 7% on September 17

According to CryptoQuant analyst Axel Adler Jr., on September 17, Bitcoin is trading at approximately $76,200, while short-term holders (those holding for less than 6 months) have an average cost basis of around $71,300, leaving a profit margin of just 7%. The analyst noted that over the past week, the profit buffer for short-term holders has compressed from 10% to 7%, indicating a significant narrowing of profitability. Data from CryptoQuant shows that between September 10 and 17, the exchange
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BTC1.34%
08:49
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GlobalFoundries to Operate Japan-Backed U.S. Chip Plant Costing $12.8B-$19.3B; GFS Rises 2%

According to Nikkei, on Thursday, Japan and the U.S. discussed a new semiconductor manufacturing project that GlobalFoundries would operate, with the facility estimated to cost between $12.8 billion and $19.3 billion. The project could mark an expansion of Japan's commitments under a $550 billion investment agreement with Washington. GlobalFoundries shares rose over 2% in premarket trading on the news.
08:49
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Shanghai Gold and Silver Fall on Sept 17; Fed Hikes 25bp to 3.75%-4% for First Time in Three Years

According to Jin10, Shanghai gold futures fell 0.11% to 932.32 yuan/gram on Sept 17, while silver futures declined 0.24% to 15,558 yuan/kilogram. The U.S. Federal Reserve unanimously approved a 25 basis point rate hike, raising the federal funds rate target range to 3.75%-4.00%, marking the first increase in three years. Fed Chair Powell signaled a resolute inflation-fighting stance. SPDR Gold ETF holdings stood at 1,051.99 tonnes on Sept 16, up from 1,050.28 tonnes previously. SLV Silver ETF ho
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08:46
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Microsoft Raises Quarterly Dividend by 8%, Morgan Stanley Sets $600 Price Target

According to Morgan Stanley's September 16 research note, Microsoft raised its quarterly dividend by 8%, maintaining its Overweight rating and setting a $600 price target. The current price is $497.12, implying an upside of approximately 20.7%. The bank expects Azure and other cloud services revenue growth to accelerate from 40.7% in FY26 to 44.9% in FY27.
08:46
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Polymarket Signs LeBron James to $15M Annual Endorsement Deal

According to Front Office Sports, prediction market platform Polymarket signed NBA star LeBron James to an endorsement agreement worth $15 million annually. The deal focuses on promoting football rather than basketball, and James' annual earnings from Polymarket will exceed his current NBA contract salary.
08:46
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CATL to Build 40,000-Ton Annual Lithium Carbonate Capacity in Ya'an for 1.4 Billion Yuan as Prices Slide Over 20% in September

According to Each Net, CATL announced plans on September 16 to construct a lithium salt production facility in Ya'an Economic and Technological Development Zone with total investment of 1.4 billion yuan, targeting annual production capacity of approximately 40,000 tons of lithium carbonate and 30,000 tons of lithium phosphate dihydrate. The announcement coincided with a sharp decline in lithium carbonate prices. On September 16, lithium carbonate futures (LC2701) on the Guangzhou Futures Exchang
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08:42
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BitGo and Robinhood Expand USDC Support on Arc

BitGo announced it has launched Arc integration, enabling eligible clients to deposit and withdraw USDC and EURC through Self-Custody MPC wallets and Custody MPC wallets in both hot and cold configurations. Robinhood is preparing to add USDC transaction support on Arc, allowing users to deposit and withdraw directly through the network. BitGo's Arc integration includes automated gas management through its Gas Tank feature, which covers gas costs for auto-consolidation on the network. Arc is an E
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USDC0.01%
08:41
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Korean Won Rebounds to 1,382.2 on Sept 17 as Fed Raises Rates, Market Eyes 1,400 by Year-End

On Sept 17, the Korean won rebounded to 1,382.2 per US dollar, up 47 won in 10 days, as the Federal Reserve raised its benchmark rate by 25 basis points to 3.75–4.00%, according to Seoul forex market data. The rate hike and hawkish Fed guidance pushed the dollar index higher, while the 10-year US Treasury yield rose above 5% and oil prices exceeded $100 per barrel, weighing on the won. Exporters' dollar-selling pressure—which had driven the won to a 23-month low of 1,334.7 won on Sept 7—has weak
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08:41
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Binance TRON USDT Inflows Jump 660% vs. 30-Day Average, Daily Flows Hit $91.73M on Sept 17

According to BlockBeats citing CryptoOnchain monitoring data, on September 17, Binance TRON (TRX) network USDT inflows averaged $91.73 million daily as of September 15, up 660% from the 30-day baseline. Binance's total stablecoin reserves reached $43.44 billion, with TRX-based USDT and USDC combined network flows up 624% and 518% respectively versus 90-day benchmarks. Ethereum (ETH) chain USDT saw average daily net outflows of $23.89 million. Binance ESR index rose to 0.3022, indicating increase
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TRX0.05%
USDC0.01%
ETH2.04%
08:39
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Australia Tightens Visa Policies to Cut Net Migration to 245,000 by 2026-27

According to Home Affairs Minister Tony Burke, Australia announced today it will tighten student dependent visas and adjust working holiday visa policies to reduce immigration. The government targets reducing net overseas migration to 245,000 people in the current financial year, then to 225,000 in the 2027-28 financial year.
08:37
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Former Bank of China Asia Manager Admits to Accepting $470K in USDT Bribes, Facing Sentencing Tomorrow

According to ChainCatcher, Lim Chun Yin, a former customer manager at Bank of China (Asia) Limited, admitted to accepting bribes totaling over $470,000 in Tether (USDT) in conspiracy with fintech company employees. He also pleaded guilty to illegally authenticating multiple fraudulent documents without bank authorization to facilitate insurance-related investment transactions. The case will proceed to sentencing on September 18, with the defendant currently in custody pending judgment.
08:35
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UK Labor Productivity Rises 1.9% in 2024 Using New Methodology

According to the Office for National Statistics, UK labor productivity increased 1.9% in 2024 compared with 2019 levels using the new methodology for calculation. Using the current approach, productivity growth measured 2.4%, while data based on PAYE RTI (Pay As You Earn real-time information) showed a 1.5% increase over the same period.