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
16:42
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30-Year U.S. Mortgage Rate Hits ~7% Tuesday, Highest Since January 2025, as Treasury Yields Surge

According to Freddie Mac's Primary Mortgage Market Survey, the 30-year fixed mortgage rate rose to approximately 7% on Tuesday (Sept. 29), marking its highest level since January 2025, while the 15-year rate climbed to 6.42%. The surge was driven by the U.S. 10-year Treasury yield, which reached roughly 5.08% Tuesday—its highest level since 2007—as investors price in persistent inflation and strong economic growth. Mortgage applications fell 1.5% during the week ending Sept. 18, according to the
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16:41
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Hassett Says U.S. Still Paying for Biden's 1.9 Trillion Stimulus Spending

According to CNBC, Hassett, White House National Economic Council director, said on Tuesday that the U.S. economy is still digesting stimulus spending effects from Biden's early pandemic-era policies. Hassett stated that the Trump administration's pandemic relief measures in 2020 were appropriately scaled to fill economic gaps, whereas Biden's government continued to expand spending into other areas. He noted inflation was around 1.5% at the end of Trump's first term, then rose significantly due
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16:39
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Hong Kong Issues HK$20 Billion Digital Green Bonds With Tokenized Deposits on September 30

According to Hong Kong government announcement, the Hong Kong Special Administrative Region issued approximately HK$20 billion in digital green bonds under its Sustainable Debt Issuance Programme on September 30, covering HK dollar, Chinese yuan, U.S. dollar, and euro denominations. For the first time globally, the primary issuance settlement for HK dollar bonds introduced tokenized deposits through EnsembleTX, alongside traditional settlement and tokenized central bank money options, advancing
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16:39
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France's 10-Year Bond Yield Rises 4 Basis Points to 4.811% on Sept 29, Approaching 2008 Highs

On Sept 29, France's 10-year government bond yield rose 4.1 basis points to 4.811% during European afternoon trading, nearing its intraday high of 4.821%. The yield is approaching the 2008 Q3 peak of 4.873% and remains well below the 2002 Q2 record of 5.359%. Meanwhile, Italy's 10-year bond yield climbed 2.2 basis points to 4.614%, continuing to approach its June 25 peak of 4.849%, according to Bloomberg data.
16:31
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U.S. Consumer Confidence Falls to 12-Year Low in September, Index Hits 81.9

According to The Conference Board, U.S. consumer confidence declined significantly on September 29, falling to 81.9 in September—its lowest level since 2014. The index dropped 6.7 points from August and fell below economists' expectations of 89.2. Rising energy prices, elevated living costs, and weakening employment prospects drove the decline. Consumers' inflation expectations for the next year averaged 6.1%, while 68.4% expect interest rates to rise further. The share of consumers planning to
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16:29
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US Job Openings Fall to 7.079M in August, Missing Forecast of 7.24M

According to the U.S. Department of Labor's September 29 JOLTS report, U.S. job openings in August fell to 7.079 million, down 256,000 from July and below the market forecast of 7.24 million. The job openings rate declined 0.1 percentage point to 4.3%. Meanwhile, hires increased 46,000 to 5.192 million with a hiring rate of 3.3%, signaling that companies are not aggressively cutting workforce but demand for new talent has moderated.
16:28
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Bitcoin Q4 Bearish Call Questioned as BTC Holds Within 1% of May High

According to PANews on September 30, Benjamin Cowen, founder of ITC Crypto, questioned the bearish outlook for Bitcoin in Q4, citing technical strength favoring bulls. Cowen noted that BTC's current price is now within 1% of its May high, making definitive predictions difficult before the quarter ends. Historically, after Bitcoin broke above the 50-week moving average in 2019 and 2023, it typically rallied 20-30% within one to two weeks, but the current move appears more moderate, suggesting a n
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BTC-0.88%
16:25
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Hong Kong SFC: Licensed Platform DFX Labs Reports 4 Fraudulent Websites

According to ChainCatcher, Hong Kong's Securities and Futures Commission announced on September 29 that licensed virtual asset trading platform DFX Labs Company Limited reported four fraudulent websites, including dfx[.]cn and dfxcn[.]com, which have been added to the SFC's list of suspicious virtual asset trading platforms.
16:22
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OpenAI CEO Sam Altman Says Nvidia Safety Systems Not Foolproof, Plans Multiple New Models

According to PANews on Sept. 30, OpenAI CEO Sam Altman stated that OpenAI will introduce multiple new models, noting that artificial intelligence is primarily a scientific challenge rather than an engineering problem. Altman remarked that Nvidia's safety systems are not foolproof, and OpenAI will not be threatened by Meta Platforms despite the latter's efforts in the space.
16:20
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Peter Brandt Raises Bitcoin Cycle Top Prediction to $300K-$600K by End of 2029

According to Cointelegraph, veteran trader Peter Brandt raised his Bitcoin cycle top prediction to $300,000-$600,000 by the end of 2029 on September 30, up from his previous estimate of $250,000-$300,000. He stated that reaching $500,000 is "quite likely." Brandt cautioned that Bitcoin may pull back to $65,000-$66,000 in early October to liquidate late buyers, according to the report.
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BTC-0.88%
16:18
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Gold Plunges 3.4% Overnight, Largest Single-Day Drop in Nearly 20 Years Amid Rising Treasury Yields

According to The Kobeissi Letter, gold prices plunged 3.4% today (September 30), marking a rare single-day decline in nearly 20 years. Based on historical data since 2006, the daily volatility corresponds to a Z-score of -2.90, placing the move at the extreme left tail of returns distribution. This magnitude of decline occurs approximately once every two years on a statistical basis. The selloff follows a sharp surge in U.S. Treasury yields, which is disrupting precious metals markets.
16:16
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U.S. Markets Focus on Core PCE and GDP Data Release on September 30

On September 30, key U.S. economic data will be released, including August core PCE price index, second-quarter real GDP final estimate, and ADP employment figures. Multiple Federal Reserve officials are scheduled to deliver speeches on the same day, with OpenAI CEO Sam Altman also set to speak. Micron Technology will report earnings after market close.
16:16
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Nasdaq-100 Components Mixed as Semiconductors Surge; Lumentum Up 6.32%, ARM Up 5.03%

According to Bitget market data, Nasdaq-100 components showed mixed trading during the session on September 29, with semiconductor and optical communication stocks leading gains while select technology and consumer stocks came under pressure. Lumentum (LITE.O) surged 6.32%, Arm (ARM.O) climbed 5.03%, Marvell Technology (MRVL.O) rose 4.25%, and Astera Labs (ALAB.O) gained 3.99%. Applied Materials (AMAT.O) advanced 3.24%, while DoorDash (DASH.O) increased 3.15%. On the downside, FARO (FARO.O) decl
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16:14
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Retail Abandons Stocks, Bitcoin ETFs Pull $2.39B in Week Ended Sept. 25

According to The Kobeissi Letter and SoSoValue, individual investors put just $1 billion into single stocks over the past 20 trading days, the smallest 20-day total in at least two years and roughly 95% below April 2025 levels. Meanwhile, U.S. spot bitcoin ETFs pulled in $2.39 billion in the week ended Sept. 25, their strongest week since October 2025, with inflows on all five trading days. Spot XRP ETFs added $75.59 million over the same week, with inflows on four of the five trading days, incl
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