Gate Crypto Flash News and Market Updates

According to Hankyung, Nvidia announced on September 3 its acquisition of HuggingFace, the world's largest open-source AI platform, for $12.93 billion (approximately 17.5 trillion Korean won). The deal represents Nvidia's second major AI-related acquisition following its 20 billion dollar absorption of Groq last year. HuggingFace serves as a hub where developers upload and download AI models, attracting 18 million developers and 200,000 companies globally. The acquisition aims to position Nvidia

According to Money Today, Fervo Energy on September 1 signed a long-term power supply contract with Google to deliver 396 MW of geothermal electricity from Utah for 15 years, with an additional 600 MW option bringing the total to nearly 1 GW—the largest geothermal contract in U.S. history. Fervo's pilot Nevada facility, Project Red, has demonstrated 98.4% uptime over 600+ days of operation, with only 1.4 degrees Celsius temperature decline over 500 days. The company plans first production from i

According to BlockBeats, on September 5, President Trump said the U.S. government is pushing Hyperliquid to enter the American market in a "fully compliant and legal" manner. Rather than opening its existing platform to U.S. users directly, Hyperliquid may enter through regulated intermediaries providing services to American traders. Payward, Kraken's parent company, has stated it is collaborating with the CFTC to offer crypto perpetuals through its regulated platform Bitnomial, which will provi

According to ChainCatcher, on-chain data shows USDC Treasury minted 250 million USDC on the Solana network recently.

According to BlockBeats and Arkham, Musk apparently replied with a 100-point emoji to posts about the SLINK project from a compromised X account @shivon on September 5, triggering speculation he was endorsing the token. SLINK's market cap surged to $40 million before collapsing to near-zero. Trader Aurelius0121 lost approximately $250,000, mistaking the interaction for genuine support of the project. The account is suspected to have been hacked and posts were subsequently deleted.

According to Nepal Police, as of 5 a.m. on September 5, the death toll from mudslides in Nepal rose to 1,342, with 4,898 people missing.

According to Norway's sovereign wealth fund (NBIM), the $2.3 trillion Government Pension Fund Global plans to reduce U.S. government bond holdings from 34.1% to 21.9%, cutting roughly $80 billion in Treasury allocations. The shift is part of a broader strategy to lower government bonds' share in the fund's portfolio from 70% to 50%. Rather than withdrawing from U.S. markets entirely, NBIM will redirect funds to higher-yielding U.S. fixed income assets, including mortgage-backed securities (MBS)

According to the Bank of Korea, the central bank released an economic research report on September 5 outlining how monetary policy should account for financial vulnerabilities and expectations formation among economic agents. The report, authored by Yoon Jin-woon of the BOK's Institute for Economic Research, emphasizes that monetary policy and macroprudential policy should work together to enhance effectiveness. The analysis notes that forward guidance can strengthen policy transmission by helpi

According to GMGN market data, CASHCAT fell over 18% in the last 24 hours on September 5, with its market cap declining to $236 million. The token recorded $50.2 million in 24-hour trading volume.

According to sources, Anthropic is expected to file its initial public offering prospectus in late September, with the company anticipated to begin its IPO roadshow as early as mid-October.

According to the Wall Street Journal, citing sources involved in negotiations, U.S. officials last year leveraged commitments to provide Nvidia artificial intelligence chips to help facilitate a preliminary peace agreement between Armenia and Azerbaijan. To encourage Armenia's participation in talks, the U.S. expanded chip procurement approval authorities specifically for the country's data center projects. This represents one of the most notable examples of what U.S. officials have termed "chip

According to News.bitcoin, a film titled "Bitcoin" has entered post-production on September 5 with a budget of $70 million. Directed by Doug Liman and starring Gal Gadot, Casey Affleck, Pete Davidson, and Isha Fisher, the film portrays Craig Wright, who claims to be Bitcoin's inventor, as Satoshi Nakamoto. The creative choice is expected to spark controversy within the Bitcoin community and may lead mainstream audiences to accept the portrayal as factual. The film has yet to secure a major distr

According to multiple U.S. officials cited by CCTV News, the U.S. military launched a large-scale investigation into a classified information leak involving advanced weapons inventory over the summer. Dozens of senior military officials, including commanders from U.S. Central Command and other combatant commands, underwent polygraph tests as part of the investigation.

According to President Trump, on Friday, September 4, the U.S. will host a state dinner for Chinese President Xi Jinping on September 24 during Xi's visit to Washington later this month. Trump stated that "we have done many great things with China, and our relationship with China has been going very smoothly." Trump also praised his relationship with Xi, saying they get along very well and have a strong trade relationship, while acknowledging that China is a competitor. Xi will be accompanied by

According to Jin10 Data on September 5, President Trump praised the U.S. tourism industry's summer performance, citing strong travel activity. Americans traveled nearly 300 billion miles during the season, while national parks attracted 78 million visitors and millions more flew domestically. The FIFA World Cup alone generated over $18 billion in economic benefit and supported more than 160,000 jobs, Trump noted.

According to The Information, Nvidia is negotiating to invest approximately $2.5 billion in Thinking Machines Lab, an AI startup founded by former OpenAI Chief Technology Officer Mira Murati. The round is expected to raise $5–6 billion at a pre-money valuation of at least $40 billion, with Nvidia providing roughly half the total funding. The deal remains under negotiation and terms may change. Thinking Machines Lab, established in 2025, has rapidly become one of Silicon Valley's most prominent n

According to ChainCatcher citing SoSoValue data, Bitwise Hyperliquid ETF (BHYP) received net inflows of $10.52 million yesterday. HYPE spot ETF's total net inflows for the day reached $10.52 million, with the fund's assets under management currently standing at $481 million. Historical cumulative net inflows have reached $357 million.

According to Coinglass data, Binance experienced net outflows of $331 million USDT over the past 24 hours.

According to a ruling by U.S. Federal District Judge Trevor McFadden on September 4, the court dismissed a temporary restraining order filed by Stars and Stripes publisher Max Lederer, editor-in-chief Eric Slaven, and Middle East correspondent Lara Colt. The judge ruled that the three journalists had not demonstrated a likelihood of success in proving a violation of their First Amendment rights, allowing the U.S. Department of Defense to proceed with their dismissals.

According to BlockBeats, President Trump stated at the White House on Friday, September 5, that the U.S. has sunk numerous vessels through the Strait of Hormuz and is extracting significant oil volumes while maintaining control of the strategic waterway. Trump added that the U.S. may soon strike Hormuz Mountain and indicated that the administration has "essentially taken over Iran." Trump characterized a potential military conflict with Iran as not a war but a minor military matter, stating that