Gate Crypto Flash News and Market Updates

According to Bloomberg, Morgan Stanley analyst Michael Cyprys upgraded Robinhood's stock rating from underweight to overweight on September 2, citing the expansion of its prediction market business as evidence of sustainable revenue growth. The prediction market has surpassed 2 million users and generated $156 million in revenue during the second quarter, already exceeding cryptocurrency trading contributions. Robinhood Banking assets have exceeded $4 billion. Cyprys highlighted product iteratio

Japan's Finance Minister Kagetsu Katayama stated on September 1 that the government will not comment on specific foreign exchange levels, reaffirming its cautious stance on direct currency policy statements.

Bank of Japan Governor Kazuo Ueda said on September 1 that the market has priced in a strong possibility of a rate hike in September, while declining to comment on daily market fluctuations.

According to BlockBeats, on September 2, Hyperliquid Strategies Inc (PURR) amended its ChEF purchase agreement with Chardan Capital Markets, doubling the total commitment for newly issued common shares from $1 billion to $2.5 billion at $0.01 par value. The revision introduces a trading cap mechanism: once cumulative sales exceed $1 billion, additional issuances below $12.02 per share are capped at 42,641,847 shares, representing 19.99% of pre-revision outstanding shares. Any issuance beyond thi

On Sept. 1, Russia's Bank of Russia began the mass rollout of its digital ruble, moving the central bank digital currency into wider use across major banks, retailers and payment networks. Systemically important banks and other large credit institutions are now required to allow customers to open digital ruble wallets and use the currency for transfers and payments. Individuals can transfer up to 300,000 rubles, approximately $3,500, per month from conventional bank accounts into digital ruble w

Japan's monetary base declined 15.7% year-over-year in August, compared to a 13.8% decline in the previous month, according to data from the Bank of Japan.

According to South Korea's Financial Supervisory Service (FSS), the regulator will hold an emergency meeting on September 4 with senior executives from major life and non-life insurers to inspect loan delinquency rates and non-performing debt trends. This follows a sharp deterioration in insurance companies' loan portfolio quality. As of end-June 2026, insurance companies' total loan balance reached 266 trillion won, up 0.7% from the previous quarter. The delinquency rate—measured by loans overd

According to Bloomberg, U.S. bitcoin spot ETFs recorded net inflows of approximately $3.5 billion in August, marking the largest monthly inflow since July 2025. Bitcoin rose 25% during the month, its best monthly performance since November 2024. Citi strategists noted that bitcoin recovered toward the weighted average buy-in price of ETF investors, estimated at $80,000–$83,000, with capital flows serving as the key driver. However, bitcoin faced resistance near the $80,000 level, declining to $7

According to Asahi Shimbun, SK Group Chairman Choi Tae-won recently stated that joint production with Kioxia Holdings represents one strategic option available to chipmakers amid industry pressures. Choi indicated that SK Hynix is evaluating the possibility of establishing a manufacturing facility in Japan as part of its capacity expansion efforts.

According to South China Morning Post, Chinese-founded AI agent startup Manus resumed independent operations on September 2, more than four months after Beijing blocked Meta's US$2 billion acquisition of the company. Manus announced in a blog post that its founding team would continue leading the company as an independent agent lab. The startup also enabled users to recover data that was erased to comply with regulatory requirements in specific regions, accessible through a dedicated restoration

Australian 10-year government bond yields reached 5.198%, marking the highest level since mid-2011.

According to HTX, Solana (SOL) fell below the $100 mark today, trading at $99.96 with a 24-hour decline of 2.84%.

Credo Technology reported first-quarter revenue of $479 million, up 10% quarter-over-quarter and 115% year-over-year, marking the seventh consecutive quarter of triple-digit growth. Non-GAAP gross margin reached 68%, with net profit exceeding $236 million, up 140% year-over-year, and operating margin at 48.2%. For Q2, Credo guided revenue between $525 million and $535 million, with Non-GAAP gross margin expected at 67%-69%. The company projects full-year 2027 revenue growth exceeding 85%, with o

According to CNBC on September 1, U.S. construction spending in July declined 0.5% month-over-month, reaching the lowest level since October 2023. The iShares U.S. Home Construction ETF (ITB) fell 2.46% to $92.36, while housing materials distributor Builders FirstSource (BLDR) dropped 5.44% to $62.79. Home Depot (HD), the largest U.S. home infrastructure and materials distributor, declined 2.46% to $319.77 as weakness in residential investment and remodeling activity weighed on the sector.

According to Hyundai Motor Securities on September 2, MK Electronics received a 'buy' rating and 23,000 Korean won price target. The brokerage expects the company's semiconductor segment revenue to reach 1.776 trillion won this year, up 60.9% year-over-year, with operating profit projected at 81.3 billion won, up 163.2%. Growth drivers include SoCAMM product volume ramp-up starting in the fourth quarter, expansion of China business from clients including CXMT and YMTC, and sustained wire bonding

According to Reuters, Valero Energy's Port Arthur refinery in Texas, with a daily processing capacity of 385,000 barrels, experienced a power outage on Tuesday evening following Tropical Storm Edward. The outage in the facility's southern section caused the AVU-147 crude distillation unit to shut down, while the AVU-146 unit reduced operations to minimal crude processing levels.

Bank of Japan Governor Ueda Kazuo recently discussed with central banks from other nations the necessity of strengthening communication to implement appropriate monetary policy amid changing global conditions, with a focus on achieving price stability.

Ukraine's Foreign Minister arrived in Ireland today to attend an informal meeting of EU foreign ministers. Discussions tomorrow are expected to focus on leveraging all available tools, according to the minister's statement.

According to Bahrain News Agency, Bahrain's air defense system intercepted and destroyed an Iranian drone on September 1.

According to Hanyang Securities on September 2, MK Electronics, South Korea's semiconductor back-end materials supplier, is forecast to see significantly higher earnings as demand for Nvidia's SoCAMM2 AI server platform expands. The company, which holds a 22% global market share in bonding wire production, is expected to report 2026 revenue of 2.1 trillion Korean won, up 49.6% year-over-year, with operating profit surging 498.7% to 85 billion won. The growth is driven by increased gold bonding w