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.
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USD/KRW 1-Month NDF Falls to 1,380.30 Won on Sept 18 Amid Middle East Tensions

According to overseas brokers, USD/KRW 1-month NDF fell to 1,380.30 won on September 18, down 1.25 won from the previous day's Seoul spot rate of 1,382.20 won. The decline reflected easing tensions between Saudi Arabia and Houthi forces following a ceasefire proposal and concerns about Trump administration rhetoric toward Iran. U.S. initial jobless claims came in at 196,000 for the week ending September 12, beating expectations of 208,000.
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Naver Withdraws Baemin Acquisition Plan as Coupang Eats MAU Hits Record 13.13M on September 17

According to Naver's disclosure on September 17, the South Korean tech giant withdrew its plan to acquire Baemin (배달의민족), the nation's leading food delivery platform, citing changed market conditions and shifting business priorities. Naver stated it had reviewed the acquisition but decided not to proceed as the company's strategic focus shifted toward artificial intelligence infrastructure and digital finance initiatives. The decision comes as Coupang Eats gained significant traction, with month
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23:44
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Amazon Maintains AI Models Must Clear Safety Tests Before Release

According to Bloomberg, Amazon has stated that artificial intelligence models should be released to the public only after thorough safety evaluation and vetting. Amazon spokesperson Tom Parnell emphasized that technological advancement does not require compromising consumer security, framing safeguards as essential for long-term progress rather than an obstacle to innovation. The company advocates collective action between technology firms and government regulators to establish mandatory protect
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23:44
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South Korea Proposes Labor Exemptions for AI Infrastructure Projects on September 15

According to South Korea's Ministry of Employment and Labor, on September 15, the government unveiled labor regulation exemptions to accelerate AI data center development. The proposals include allowing 52-hour work weeks for research staff at mega special zones and expanding temporary dispatch worker categories. The moves support Samsung Electronics and SK Hynix's combined 4.7 quadrillion won investment in semiconductor and AI facilities, aimed at addressing memory bottlenecks and strengthening
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23:43
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U.S. Delays Excess Capacity Tariff Announcement Until After Xi-Trump Summit on Sept. 24

According to Bloomberg, the U.S. government plans to delay announcing new tariffs on trading partners' excess capacity until after President Trump and Chinese leader Xi Jinping hold a summit next week, according to sources familiar with the matter. The Trump administration had originally planned to release a trade investigation report recommending 7.5% additional tariffs on Chinese goods before the leaders' meeting. If implemented at the initially proposed rate, combined with existing tariffs, t
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23:42
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Humyn Labs Releases BRIDGE ASR Benchmark; Overlapping Speech Raises Error Rates to 45.2% on September 17

According to Humyn Labs, on September 17, the Bengaluru-based physical AI research lab released the second edition of BRIDGE, an automatic speech recognition benchmark evaluating 23 voice AI models across 23 languages using human-verified conversational audio. The report found that overlapping speech raised average error rates from 41.2% to 45.2%. Among non-Indic languages, ElevenLabs averaged a 5.8% error rate, while GPT-4o-mini-transcribe recorded 24.6%.
23:42
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251,000+ Ethereum USDT Wallets Vanished in 11 Days, Marking Steepest Decline in Recent Memory

According to Santiment, more than 251,000 non-empty Ethereum USDT wallets vanished in less than two weeks, marking one of the steepest declines in Tether holder activity on the network in recent memory. The contraction included a particularly intense 48-hour window during which 72,841 Ethereum USDT addresses fell, representing roughly a 0.54% decline in a metric that almost never moves backward. Ethereum currently hosts approximately 13.46 million USDT holders, with the stablecoin's market cap o
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ETH1.50%
23:42
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Senate Blocks Fast-Track Vote on Ratepayer Protection Act After 417-3 House Passage Overnight

According to CryptoBriefing, the Senate blocked a unanimous consent request to fast-track the Ratepayer Protection Act overnight on September 17, less than 24 hours after the House passed the bill 417-3. Senator Martin Heinrich of New Mexico argued the legislation lacks binding enforcement mechanisms to protect electricity customers from cost-shifting triggered by hyperscale data center construction. Heinrich countered with his own proposal, the GRID Savings Act, introduced August 3, 2026, which
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23:37
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U.S. Approves Iran President and Foreign Minister to Attend UN General Assembly on September 18

According to the U.S. State Department and the Associated Press, the U.S. State Department approved Iranian President Pezeshkian and Foreign Minister Araqchi to attend the UN General Assembly in New York next week on September 18. The Iranian core delegation and necessary staff will be permitted to participate in UN activities but will face travel restrictions and be prohibited from purchasing luxury goods and other restricted items under U.S. policy.
23:37
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USD/KRW Rallies to 1,388 on Fed Rate Hike, Trump's Iran Stance; Overnight Volatility in Seoul

According to Yonhap InfoMax, the US dollar-South Korean won exchange rate surged overnight on September 17-18, swinging between 1,370 won and 1,388.20 won amid mixed signals on geopolitics and US monetary policy. The pair closed near 1,380 won. The moves reflected the US Federal Reserve's first rate hike since July 2023 and signals of potential further increases this year, boosting dollar demand. However, easing tensions between Saudi Arabia and Houthi rebels initially pushed USD/KRW lower. The
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23:31
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FRONT Token Plummets 16.81% to $0.013589 in One Hour

In one hour, the FRONT token dropped 16.81% to $0.013589, down from a recent high of $0.016345. The sharp decline compounds a 12.72% fall over the past 24 hours, with the token trading between a daily high of $0.016345 and low of $0.013152. Current market cap stands at $1,222,996 with 24-hour trading volume at $6.68, reflecting limited liquidity.
23:30
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South Korea's Savings Banks Consider 7th PF Normalization Fund on Sept 17 as Delinquency Rates Drop

According to financial authorities on September 17, South Korea's savings bank industry is reviewing the launch of a seventh project financing (PF) normalization joint fund in the second half of 2026. Overall PF delinquency rates among 79 savings banks fell to 3.6% as of mid-2026, down from 7% a year earlier. However, delinquency disparities among individual banks widened, with 13 savings banks recording delinquency rates exceeding 10%, up from 6 banks last year. No formal demand survey date has
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23:23
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S&P 500 Rallies 1.14% on September 17 After Fed Rate Hike and Powell's Hawkish Tone

According to the Federal Open Market Committee (FOMC), U.S. stock markets rebounded on September 17 (U.S. Eastern Time) after the Federal Reserve raised its benchmark rate by 25 basis points and Fed Chair Kevin Wash delivered hawkish remarks, which markets interpreted as resolving uncertainty. The S&P 500 index surged 1.14% to 7,637.76, the Nasdaq Composite jumped 1.69% to 26,418.30, and the Dow Jones Industrial Average rose 0.61% to 51,778.04. The 10-year U.S. Treasury yield fell 5.60 basis poi
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23:23
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U.S. 10-Year Treasury Yields Break +2 Standard Deviations, Driving Global Market Volatility

According to DB Securities researcher Suh Tae-hyun, on September 18, U.S. 10-year Treasury yields surged past +2 standard deviations amid Middle East geopolitical risks and a hawkish September FOMC decision, triggering heightened volatility across global equity markets. Historical analysis shows that 3 months into interest-rate shock periods, growth and cyclical stocks face steeper downside risks compared to the initial 1-month phase, with utilities sectors demonstrating superior downside resili
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