Gate Crypto Flash News and Market Updates

According to ChainCatcher, digital asset investment firm RockawayX announced a $150 million Catapult initiative to tokenize private credit and other yield-bearing real-world assets. The program will provide venture capital, product structuring, liquidity, market-making, and distribution support for tokenized credit products. RockawayX, which manages approximately $2 billion in assets, believes credit-backed lending tied to real-world economic activity will become one of crypto's largest markets.

According to Xinhua News Agency, Zhao Leji, Standing Committee member of the Communist Party Central Political Bureau and chairman of the National People's Congress Standing Committee, conducted an inspection in Jilin and Heilongjiang provinces from September 21-24. He emphasized the need to consciously and concretely advance whole-process people's democracy, uphold and improve the people's congress system, and enhance local people's congress work to support the implementation of the 15th Five-Y

According to PANews, on September 24, the U.S. dollar index rose to 101.26, up 0.15%, after the release of jobless claims data.

According to Jin10, China's Vice Commerce Minister Ling Ji and EC Director-General for Trade and Economic Security Jørgensen held consultations in Beijing on Sept 23-24. The talks aimed to prepare for the second meeting of the China-EU Trade and Investment Cooperation Mechanism.

According to Goldman Sachs, the investment bank raised its December Brent crude oil price forecast to $85 per barrel, citing rising energy prices in the Asia-Pacific region.

According to Jin10 Futures, as of 20:30 Beijing time on September 24, New York futures markets showed mixed movement across precious metals. Gold fell 0.30%, silver declined 1.28%, while copper edged up 0.05%.

According to Jin10, as of 20:30 Beijing time on September 24, WTI crude oil futures rose 1.76%, while U.S. natural gas futures fell 0.13%.

U.S. initial jobless claims came in at 197,000 for the week ending September 19, falling short of expectations of 200,000 and slightly exceeding the prior week's revised figure of 196,000.

According to @SolanaFloor, Solana's tokenized equity holders have surpassed 1 million for the first time, marking a new all-time high. This milestone reflects growing adoption of tokenized assets on the platform.

For the week of September 12, U.S. continuing jobless claims totaled 1.719 million, down from 1.73 million in the previous week and below the forecast of 1.75 million.

Canada's core retail sales declined 0.7% month-on-month in July, missing consensus expectations of -0.5% and reversing the prior month's 0.5% gain.

Initial jobless claims in the U.S. for the week ending September 19 came in at 197,000, below the consensus forecast of 201,000. The prior week's figure was revised upward to 198,000 from an initially reported 196,000.

Canada's retail sales declined 0.7% month-over-month in July, missing the forecasted drop of 0.80%, according to official data. The reading improved from June's 0.60% increase, showing a moderation from the prior month's growth.

The four-week moving average of U.S. initial jobless claims stood at 202,250 for the week ending September 19, according to labor market data. The previous week's figure was revised upward from 203,250 to 204,000, indicating a slight decrease in the latest reading amid ongoing labor market adjustments.

Bank of America Securities reiterated a "Buy" rating on Meta with a $810 price target following Meta Connect 2026, citing the new personal AI assistant Muse as a key driver of the company's consumer AI strategy. Muse has secured initial user traction and established partnerships with Walmart, Best Buy, Shopify, Expedia, and Instacart. The assistant is expected to be integrated into Meta's smart glasses and gradually rolled out across Meta's portfolio and Reality Labs devices. BofA noted that Met

According to TradingBeats data released by BlockBeats on September 24, BTC, ETH, HYPE, and ZEC experienced significant contractions in open interest and declining funding rates following declines from yesterday's highs. The data suggests market deleveraging has progressed, though analysts noted concentrated long-side leverage remains in certain positions requiring ongoing monitoring.

Oracle's stock fell 2.8% in pre-market trading after the company issued a force majeure notice related to its New Mexico data center.

According to ChainCatcher, AI infrastructure company Verda has completed a $189 million Series funding round led by Emergence Capital, with participation from Super Micro Computer and other investors. The company's post-funding valuation has reached at least $1 billion.

According to CNBC, Palo Alto Networks CEO Nikesh Arora said on Tuesday that efforts to slow down AI development are "unrealistic," dismissing calls from industry leaders including Anthropic CEO Dario Amodei and OpenAI CEO Sam Altman for a measured pace of AI advancement. Arora told CNBC's "The Tech Download" podcast that the extinction risk from AI, estimated by some researchers at 10%, is "extremely small" and that companies should instead focus on building proper guardrails and safety measures

According to Tom Lee, chairman of ethereum treasury company BitMine, crypto stocks led the third quarter and should be viewed as a signal of the start of a new bull market. Tom Lee expressed optimism that ethereum will strengthen due to Wall Street tokenization developments and believes ETH has the opportunity to challenge its previous high within the year.