Gate Crypto Flash News and Market Updates

According to Freddie Mac, the average U.S. 30-year fixed mortgage rate rose to 6.71% last week, marking the highest level since July 2025. The rate increased from the previous week's 6.66%.

According to Odaily and Ethena Foundation, the fee conversion vote passed today with 100% approval, and programmatic ENA buyback has launched and will scale gradually as milestones are met. ENA surged 10.5% in the past 24 hours, trading at $0.166.

On Thursday, September 3, as European trading closed, UK government bond yields fell sharply. The 10-year gilt yield dropped 9.5 basis points to hit a daily low of 5.135%, while the 2-year yield fell 9.6bp to 4.519%. Longer-dated bonds also declined, with 30-year gilts down 8.3bp and 50-year gilts down 8.1bp.

According to PANews, Pudgy Penguins launched on the Faire wholesale marketplace today (September 3). Faire is a wholesale platform where retailers can purchase Pudgy Penguins products in bulk at wholesale prices. The platform will offer free shipping for all approved retailers on Pudgy Penguins products for the next 30 days.

According to U.S. Commerce Department data released Thursday, U.S. refined copper and copper alloy imports in July reached 225,094 metric tons, marking the highest monthly volume since 1990. The figure represents a 78% increase month-over-month and 8% increase year-over-year, according to Trade Data Monitor.

On Thursday, Sept 3, during the closing of European trading, ICE UK natural gas futures declined 3.31%, while TTF benchmark Dutch natural gas futures fell 3.51%. ICE EU carbon allowances futures dropped 0.74%.

According to Federal Election Commission disclosures Wednesday night, Elon Musk's America PAC spent over $800,000 across seven Senate races and eight House districts, with nearly 90% directed to Senate contests. The largest share—more than $247,000—was deployed in Texas to support Republican Attorney General Ken Paxton against Democrat James Talarico. The PAC also spent approximately $170,000 in Maine backing Sen. Susan Collins, nearly $106,000 in Ohio for Sen. Jon Husted, and smaller amounts in

Jack Mallers, founder of Strike, argued in a recent tweet that inflation is not necessary for economic growth and that Bitcoin can preserve value without monetary devaluation. His post, which received 82 likes and 16 retweets, questions traditional monetary policies and proposes Bitcoin as a hedge against inflationary pressures.

According to Coinglass data, BTC global futures open interest rose 6.25% in the past 24 hours, with total open interest reaching $57.013 billion. Binance leads with $11.914 billion in open interest.

According to Yonhap Infomax, U.S. Treasury yields fell sharply on Sept. 3 morning (Eastern Time) following dovish comments from Fed Governor Christopher Waller. The 10-year Treasury yield declined 5.50 basis points to 4.74%, while the 2-year yield, more sensitive to monetary policy expectations, dropped 7.70 basis points to 4.309%. Waller stated that recent data suggests early signs of disinflation and signaled support for maintaining current federal funds rates if this trend continues. Accordin

According to ChainCatcher, Polymarket has formally launched perpetual futures trading supporting cryptocurrencies, stocks, indices, and commodities, with maximum leverage of 20x.

SoFi Technologies and Kraken parent Payward announced Thursday that the companies will deepen their partnership by connecting the exchange to SoFi's dollar settlement network and listing SoFiUSD stablecoin. Kraken will join the SoFi Exchange Network (SEN), allowing institutional clients to clear and settle U.S. dollar transactions outside conventional banking hours. The exchange will also list SoFiUSD for retail and institutional customers. Additionally, SoFi will leverage Kraken Prime as a liqu

According to Lookonchain, James Wynn opened a 40x leveraged long BTC position valued at $49,500 on September 3, following a recent liquidation. The position has a liquidation price of $79,536.29.

SharpLink (SBET) stock gained 10.19% during intraday trading on September 3, reaching $8.93.

According to Richard Teng, CEO of Binance, the exchange added $2.63 billion in Bitcoin balances in August, significantly impacting market dynamics. During the same period, Binance's average daily spot trading volume surged from $4.75 billion to $13.69 billion, representing a 188% increase. Teng noted that Binance captured 46% of tracked spot volume during the rally, underscoring the exchange's pivotal role in Bitcoin's August price movements.

According to Anthropic threat intelligence head Jacob Klein, Chinese AI startups including Moonshot AI and DeepSeek have illegally distilled Claude models using stolen payment cards and fake accounts. Moonshot's Kimi K3 model, launched in July, was trained on Claude's latest version without authorization. Anthropic also alleged that Alibaba conducted large-scale distillation attacks on Claude for training its Qwen series. The distillation involves using massive numbers of fake accounts, sometime

According to trader BonkGuy, USELESS perpetual futures trading volume hit an all-time high, with over $1.2 billion in open interest volume in the past 24 hours. Spot trading volume reached approximately $104 million, with trading volume on Coinbase and Kraken both exceeding DOGE in the same period. BonkGuy's current USELESS position is valued at approximately $2.89 million with a cumulative investment of approximately $878,300, generating unrealized gains of approximately $2.05 million, a return

Today, Germany's DAX 30 index closed up 0.52% at 25973.57 points. France's CAC index declined 0.09%, while Italy's main index (FTSE MIB) gained 0.62%. Italy's banking index rose 0.93%, and the UK's FTSE index advanced 0.60%.

According to the U.S. Department of Labor on September 3, unit labor costs in the non-farm sector for the second quarter rose 1.2% annualized on a seasonally adjusted basis, below the market forecast of 1.3% and down 0.1 percentage points from the preliminary reading. Hourly compensation increased 2.6% in Q2, while productivity gained 1.4%. In manufacturing, unit labor costs fell 0.3%, with durable goods production declining 2.2% but non-durable goods rising 0.8%.

According to CoinGlass, in the past 24 hours the cryptocurrency market saw total liquidations of $445 million, with short positions accounting for $357 million and long positions $87.48 million. A total of 111,323 traders were liquidated. Bitcoin liquidations reached $174 million (long $11.75M / short $162.25M), followed by Ethereum at $81.80 million. The largest single liquidation occurred on Binance's BTCUSDT pair, worth $5.26 million.