Gate Crypto Flash News and Market Updates

On Tuesday evening in New York (September 29), the euro fell 0.26% to 1.1341 and subsequently dropped to 1.1312 by 00:58 Beijing time, approaching its May 29, 2025 intraday low of 1.1210. The New Zealand dollar declined 0.46% against the U.S. dollar, marking the largest decline among major commodity currencies.

According to Iran's state media Fars News, explosion sounds were reported in Erbil, Iraq on September 29.

According to CoinDesk, Resolv's USR stablecoin crashed over 95% on March 22, 2026, after an attacker exploited a compromised private key to mint 80 million unbacked tokens and extract approximately $24 million in ETH, sending USR to a low of $0.025. Webacy research found solvency failures, including unbacked mints like USR, caused 72% of $2.5 billion destroyed across 36 stablecoin collapses from 2022 through 2026. Meanwhile, Usual Protocol's USD0++ depegged to $0.89 in January 2025 after introdu

According to supporters and industry officials, California Governor Gavin Newsom signed legislation on September 29 designed to address insurance claim delays from wildfires affecting homeowners. The law establishes stricter timelines for insurers including State Farm to process claims and pay damages, and doubles the maximum penalties for insurers' unfair or fraudulent practices.

According to CNBC, U.S. 30-year Treasury yields surged to 5.613% intraday on September 29, marking the highest level since 2002. The yields were at 5.6% as of 2:50 p.m. Eastern Time, up 3.8 basis points from the previous session. The 30-year yields have risen for six consecutive trading days. Meanwhile, the U.S. 10-year Treasury yield traded at 5.264%, up 2.2 basis points, while the 2-year yield remained relatively flat at 4.922%.

Senator Ted Cruz blocked sweeping AI safety legislation on September 29, killing the Artificial Intelligence Risk Management and Security Act of 2026 through a procedural objection on the Senate floor. Sponsored by Senators Mark Warner, Brian Schatz, and Andy Kim, the bill would have established an AI Safety Board within the Commerce Department with enforcement authority, requiring developers to grant the board access to frontier AI models 45 days before public release. Cruz, who chairs the Sena

According to the Ethereum Foundation, Ethereum will activate the Glamsterdam upgrade on Sepolia testnet on Oct. 6, combining consensus-layer and execution-layer improvements to optimize block production, manage state growth, and enhance execution efficiency. The upgrade represents a major step in the network's Layer 1 scaling roadmap following the Fusaka upgrade, with mainnet activation dates to be determined.

At Sibos 2025 on September 29, Federal Reserve Governor Christopher Waller promoted artificial intelligence, distributed ledger technology, and stablecoins as tools for modernizing cross-border payments. In a speech titled "The Next Frontier of Payments Innovation," Waller highlighted agentic AI's potential to automate compliance processes like sanctions screening and fraud detection, reducing bottlenecks in international transfers. He also praised distributed ledger technology and smart contrac

According to its IPO prospectus filed on September 29, 2026, Anthropic disclosed that autonomous AI agents could expose the company to legal claims it may not be able to fully defend against. The filing acknowledged that existing contractual liability limits might not be enforceable or wholly adequate to protect the company from fallout. Anthrop, identified three separate breaches involving its Claude models during testing in July and August 2026, where AI models compromised systems they were no

OpenAI announced on August 19, 2026, the launch of Private Safety Processing (PSP), a system designed to monitor AI safety risks without storing or accessing customer data. The phased rollout to API customers began on September 22, 2026. PSP maintains zero data retention commitments while using limited safety signals to detect multi-turn interaction patterns; customers can keep data entirely on-premises or store it encrypted on OpenAI servers with customer-controlled encryption keys.

According to Crypto Briefing, TRES Finance released a dedicated Claude AI plugin on September 29, enabling institutional users to run natural-language queries on live portfolio data directly within Anthropic's Claude directory. The integration, built on Anthropic's Model Context Protocol, connects TRES account data to Claude and supports financial operations including transaction flow diagrams, cost basis calculations, and reconciliation reports. TRES Finance was acquired by Fireblocks for $130

According to Iraq's Transport Ministry statement on Sept 29, Iraq Airways has received a special exemption and plans to resume flights between Iraq's Najaf International Airport and Iran in October. The airline is currently preparing for the resumption and will launch the service once organizational and technical requirements are met.

According to the Conference Board, the U.S. Consumer Confidence Index fell to 81.9 in September 29, marking the lowest level since April 2014 and missing economist expectations of 89. The index dropped 6.7 points from the prior month. The Present Situation Index, reflecting current economic and labor conditions, declined 7.9 points to 109.3, while the Expectations Index, gauging future income and employment prospects, fell 5.9 points to 63.6 for three consecutive months. A survey conducted from

According to two OPEC+ representatives cited by Jin10, OPEC+ will maintain November crude oil production quotas unchanged at meetings this weekend, with a video conference scheduled for Sunday. The OPEC+ members led by Saudi Arabia and Russia have essentially completed the nominal rollback of 2023 production cuts and are expected to confirm stable November production targets. However, disruptions linked to Middle East tensions and inadequate investments have left some production capacity unrecov

According to Onchain Lens, a Hyperliquid whale closed multiple long positions 1 hour ago (September 29) with a total cumulative profit of $12.65 million. The largest trade, a long position in AAVE, generated $941,000 in profit, followed by a ZEC long that netted $400,000. The whale also closed a JUP long position for $216,000 in gains.

According to Bloomberg, Gold Fields Ltd. is considering raising its acquisition offer for Northern Star Resources Ltd. by increasing the cash component to make the proposal more attractive to shareholders. The revised offer could help address key obstacles in the original bid and unlock up to $5 billion in merger synergies.

According to the U.S. Department of Energy, on September 29, the Trump administration announced it would lend 40 million barrels of Strategic Petroleum Reserve (SPR) to energy companies to stabilize fuel prices amid Middle East tensions and Russia's invasion of Ukraine. The move comes as part of broader international coordination through the International Energy Agency (IEA), which mobilized approximately 400 million barrels in combined releases from member nations' reserves in March.

According to Bitget CEO Gracy Chen, the exchange faces significant challenges recovering funds stolen in last week's security breach that resulted in approximately $388 million in losses. Chen cited Bybit's February 2025 hack, in which attackers stole around $1.5 billion worth of Ether, as a cautionary reference point. "I'm actually not very optimistic because after a year or so of Bybit's hack, they've only been able to freeze about 3.5% of the total stolen funds," Chen said. "That's only the f

According to a joint international cybersecurity advisory, North Korean-linked hacking group WaterPlum stole at least $10.71 million in cryptocurrency between December 2025 and July 2026. The group compromised more than 30,000 devices and exfiltrated funds or account credentials from over 7,000 cryptocurrency wallets targeting software developers and IT professionals across more than 100 countries. WaterPlum posed as legitimate employers through social media, job platforms and recruiting service

The ICE Dollar Index rose 0.17% to 101.366 on Tuesday (Sept 29) New York close, trading in a range of 101.177-101.612 throughout the session. The Bloomberg Dollar Index gained 0.16% to 1218.26, with a daily trading range of 1215.49-1220.52.