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
12:07
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Bastion Wins Conditional OCC Approval for National Trust Bank Charter on Friday

According to Business Insider, Bastion received conditional OCC approval for a national trust bank charter on Friday. Licensed as Bastion Platforms National Trust Company, the entity will provide stablecoin custody and wallets, payment infrastructure and white-label issuance from a federally regulated platform. The bank structure does not permit deposits or lending, distinguishing it from conventional commercial banks.
12:05
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Bitcoin Breaks Above 50-Week Moving Average Around $79,000, Analyst PlanB Targets $89,000 on September 19

According to BlockBeats, analyst PlanB posted on September 19 that Bitcoin has broken above its 50-week moving average (around $79,000), with the next target being the 100-week moving average (approximately $89,000). PlanB highlighted improving technical indicators, noting that the percentage of profitable Bitcoin holdings rose from 50% to 72%, while monthly RSI increased from 41 to 51.
BTC4.15%
12:01
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World's Largest Salt Cavern Energy Storage Project: 350MW Unit Completes Startup in China

Recently, Unit 2 of the Jintan Salt Cavern Compressed Air Energy Storage project in Jiangsu Province, China, completed its full startup, according to China Three Gorges Electric Corporation. The facility is the world's largest in single-unit capacity, total capacity, and overall efficiency. Each of the two planned 350-megawatt units will store energy for 8 hours with over 70% energy conversion efficiency. Once operational, the project's core equipment will be 100% domestically manufactured.
11:59
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China Opposes U.S. Graham Act Against Russia and Iran Signed on September 19

According to China's Commerce Ministry on September 19, China opposes the U.S. signing of the 2026 Graham Act targeting Russia and Iran, stating it lacks United Nations authorization and international legal basis. The ministry rejected unilateral sanctions and secondary sanctions targeting third parties, emphasizing that China conducts normal trade cooperation on equal and mutually beneficial terms. The Commerce Ministry spokesperson said China will closely monitor further U.S. actions and reser
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11:44
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U.S. Military Costs for Iran War Reach $45.1 Billion as of September 18, Excluding Facility Repairs

According to CNN citing U.S. officials, the U.S. Department of Defense reported on September 18 that military costs for the Iran war reached $45.1 billion, comprising $43.6 billion as of September 3 plus $1.5 billion in additional fuel expenses. However, the estimate does not include reconstruction costs for damaged military facilities and infrastructure, suggesting actual expenditures are higher. The figure also exceeds the Congressional Budget Office's August estimate of $38 billion.
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11:42
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Guangxi Issues Plan to Advance RMB Cross-Border Usage with ASEAN on Sept 19

According to Jin10, on September 19, Guangxi's provincial government issued the "Fifteenth Five-Year Plan for Financial Industry Development," proposing to advance cross-border RMB usage toward ASEAN member states. The plan seeks to expand RMB usage in cross-border trade, commodity trading, e-commerce, and border commerce, while encouraging enterprises to settle payments in RMB. Key measures include exploring digital yuan applications in cross-border settlements, supporting online border trade R
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11:42
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UBS Raises 2026 AI Capital Expenditure Forecast to $998B, With Memory Costs Driving 90% of Growth

According to UBS, on September 19, global AI capital expenditure is forecast to reach $998 billion in 2026, nearly double the 2025 level of $506 billion. The sharp upward revision is primarily driven by surging memory prices rather than overall infrastructure expansion. Memory spending is expected to surge from $71 billion in 2025 to $367 billion in 2026, with memory's share of total AI capex rising from 14% to 37%. UBS calculates that approximately 90% of the cumulative $1 trillion increase fro
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11:39
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Ukraine Deploys New Interceptor Drone to Counter Iranian Shahed UAVs

According to President Zelensky, Ukraine's Security Service (SSU) has successfully developed and deployed a new interceptor drone to counter Iranian-made Shahed kamikaze drones. SSU military counterintelligence chief Oleksandr Poklad reported that the new drone has achieved significant results in defending against the Shahed threat and is now operational.
11:32
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XRP Rebounds to $1.50 After RSI Hits 13-Year Low, XRPL Upgrade Set for Sept. 29

According to analyst Cryptollica, XRP's two-week Relative Strength Index reached its lowest reading in 13 years days ago while the asset traded near $1.30. XRP has since rebounded to $1.50, approximately 15% above those lows, suggesting buyers responded aggressively near support levels. The price recovery puts the extreme oversold signal back under market focus as traders monitor whether $1.50 can shift from resistance into support. The XRP Ledger's BatchV11 amendment is targeting Sept. 29 activ
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XRP8.34%
11:20
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U.S. Military Halts Operation After AI-Generated False Report on Chinese Nuclear Cargo

According to CNN, the U.S. military this spring launched an operation to intercept a Chinese vessel in the Middle East after intelligence analysts received a report indicating it was transporting nuclear weapons-related cargo. Armed personnel prepared to board the ship and military aircraft were deployed. However, officials halted the operation immediately before execution after discovering the report was erroneous and AI-generated. The report was prepared by U.S. Special Operations Command anal
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11:19
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BTC/Gold Ratio Rises to 18.55, Returns Above 50-Week Moving Average

According to ChainCatcher, Bitcoin's BTC/XAU ratio reached 18.55 ounces of gold per Bitcoin on Friday this week, up from approximately 15.3 ounces a month ago. The move pushed the ratio above its 50-week simple moving average, a technical bullish signal. Miller Cole, a research analyst at The Smarter Web Company, noted the development on X platform.
BTC4.15%
11:19
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U.S. Military Halts Operation After AI Generates False Report on Chinese Vessel Carrying Nuclear-Related Cargo

According to CNN, this spring U.S. Special Operations Command nearly launched a military operation after an AI-generated intelligence report claimed a Chinese vessel in the Middle East was transporting nuclear-related cargo. Armed personnel were prepared to board the ship and military aircraft were dispatched, but authorities halted the operation immediately before execution after discovering the report was erroneous. The report was generated using an AI chatbot by an intelligence analyst at U.S
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11:17
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Two Gliders Collide Over New York State on Sept. 18, One Pilot Killed

According to ABC and other U.S. media outlets, two gliders collided over New York State on September 18, killing one pilot. New York State Police said one glider landed safely on the ground with its pilot uninjured, while the pilot of the other aircraft died. Investigators found aircraft wreckage in a remote area.