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
14:19
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Solana Co-Founder Toly Says Arbitrum's Single Sequencer Model Costs 10x Higher Than Solana

According to PANews, on Sept 6, Solana co-founder Toly responded to Arbitrum co-founder Steven Goldfeder's recent comments about avoiding oversimplified narratives on chain transaction costs. Toly argued that Arbitrum currently has wider bid-ask spreads and higher fees, with the 10% fee commission alone exceeding typical sandwich trading costs. When factoring in poorer spreads, Toly estimated the overall trading cost on Arbitrum is approximately 10 times higher than Solana. Toly attributed this
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SOL4.35%
ARB45.03%
14:15
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Zcash Breaks $1,000 on Friday; Grayscale Launches First U.S. Privacy Coin Spot ETF

According to FinanceFeeds, Zcash broke through $1,000 on Friday (September 5), marking a roughly 2,300% gain over the past 12 months from around $41. ZEC traded above $1,000 on major spot venues with Binance recording an intraday high around $1,029, and the level held through September 6, confirming the move was more than momentary. Dash rallied in tandem, with Coinbase showing a 31.6% single-day gain from $47.46 to $62.59 on September 4. The broader catalyst emerged before the price surge: on A
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14:12
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SXP Drops 24.91% to $0.0022 in 15 Minutes; 38.89% Down in 24 Hours

SXP's price fell 24.91% to $0.0022 in 15 minutes earlier today, dropping from a high of $0.00293. Over the past 24 hours, the token has declined 38.89% with a trading volume of $372,107.19, indicating relatively thin liquidity. The sharp move reflects heightened volatility in the broader cryptocurrency market. Key support levels are being monitored near $0.0022, while resistance may form around $0.0025.
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14:10
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IMF: El Salvador's Bitcoin Accumulation Since June 2025 Came From Private Donations, Not Public Funds

According to the International Monetary Fund, El Salvador's Bitcoin accumulated since June 2025 was not funded by public resources and reflects private donations. In November 2025, El Salvador disclosed purchasing 1,090 BTC worth approximately $100 million, bringing its total Bitcoin holdings to 7,474 BTC. The IMF added that El Salvador is improving transparency across its Bitcoin wallet holdings and strengthening governance and risk management for public sector crypto assets.
BTC0.26%
14:09
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Better and Coinbase Launch Bitcoin Collateral Loan at 250% LTV; $360M in Pre-Applications Last Week

According to ChainCatcher, Better Mortgage and Coinbase launched a Bitcoin collateral lending product last week, allowing borrowers to pledge Bitcoin at a 250% loan-to-value ratio to cover down payments. For example, purchasing a $500,000 home requires pledging $250,000 in Bitcoin to support a $100,000 down payment. Pre-application loan volume has reached $360 million since launch, exceeding prior waitlist estimates of $260 million. Better disclosed that it may re-collateralize borrowers' pledge
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BTC0.26%
14:06
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WOO X Users Report Withdrawal Delays Over Past 3 Days, Transactions Stuck in Processing

According to chain detective ZachXBT, multiple verified WOO X users reported on September 6 that their withdrawals have remained in pending or processing status over the past 3 days, with some transactions canceled. ZachXBT noted that WOO X was acquired by FusionX Digital in the fourth quarter of 2025. As of the report, WOO X had not issued an official statement regarding the withdrawal issues.
14:04
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Solana Reports $143M App Revenue and 5.2B Transactions in August

According to @solana, Solana reported $143 million in app revenue and achieved 5.2 billion transactions in August. The platform's tokenized equity supply also surged to a new all-time high of $683 million, reflecting growing investor interest and broader adoption across the ecosystem.
SOL4.35%
14:03
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Total Crypto Liquidations Reach $212M in 24 Hours, ZEC Leads at $45.32M

According to WuBlockchain and CoinGlass, total crypto liquidations reached approximately $212 million over the past 24 hours, with Zcash (ZEC) leading the liquidation wave at $45.32 million. ETH and BTC followed as the second and third largest contributors. Among the liquidations, approximately $156 million was attributed to short positions, reflecting shifts in trader positioning during the volatile market period.
14:02
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USDC Adds $584M in Past Week; Zcash Surges 20% to Decade High

According to Crypto Briefing data, USDC added approximately $584 million to its market cap over the past week, accounting for the majority of a combined $1 billion increase across major stablecoins. USDC now holds roughly 24% of total stablecoin supply, estimated at $303 billion to $310 billion, and has captured between 60% and 70% of adjusted on-chain transaction volume during multiple 2026 periods. Zcash surged roughly 20% on September 4, reaching an intraday high near $1,023 to $1,051, the hi
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USDC0.01%
14:01
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Bitcoin Short-Term Holders' SOPR Reaches 1.01, Returning to Profitability for First Time in Over a Year

According to CryptoQuant analyst Darkfost, Bitcoin short-term holder SOPR (STH SOPR)—a metric measuring realized profits of holders with less than six months of holdings—recently reached approximately 1.01, entering profitability for the first time in over a year. The level surpasses a brief uptick seen in May 2026, indicating improving sentiment among short-term holders, typically the most active and sensitive market participants.
BTC0.26%
13:59
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Microsoft Releases AI-Powered WinUI Solution, Enables App Deployment in 30 Minutes on September 6

According to Windows Latest, reported by PANews on September 6, Microsoft released an AI-assisted WinUI development solution designed to reduce reliance on web-based applications like WebView2 and Electron on Windows 11. The solution leverages VS Code, Windows App Development CLI, WinUI templates, and GitHub Copilot to generate and deploy native WinUI 3 applications in approximately 30 minutes from an empty folder. The solution also provides AI-guided migration assistance for WPF and UWP applica
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13:55
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Anthropic Plans IPO in September-October with $2 Trillion Valuation, Targeting 6th Spot Among U.S. Public Companies

According to Herald Economy, AI model developer Anthropic plans to launch its initial public offering in September-October with a targeted valuation of $2 trillion, which would make it the 6th largest U.S. publicly listed company by market cap, behind Nvidia, Apple, Alphabet, Microsoft, and Amazon. Anthropric's annualized recurring revenue (ARR) as of July stands at $65 billion, resulting in a price-to-sales (P/S) ratio of approximately 30x based on the projected valuation. KB Securities analyst
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13:51
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U.S. Military Strikes Three Iranian Oil Tankers on September 5

According to a U.S. Central Command statement released on September 5, American forces struck three Iranian oil tankers in response to ballistic missile attacks launched by Iran's Islamic Revolutionary Guard Corps against two U.S. naval vessels operating in the region.
13:41
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DeFi Lending Faces Record 32 Price-Manipulation Exploits in 2026

According to KuCoin, DeFi lending encountered 32 price-manipulation exploits in 2026, a record high representing roughly one in eight crypto hacks this year. In a recent incident on Cronos, an attacker drove a thinly traded token's price up approximately 100 times in 20 minutes, enabling borrowing of an estimated $75 million from a lending protocol, exposing vulnerabilities in illiquid collateral.
CRO1.38%
13:37
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Solana Token STONK Briefly Hits $150M Market Cap, Up 449% in 24 Hours

According to GMGN market data on September 6, Solana token platform StonkFun's native token STONK briefly reached a market capitalization of $150 million, marking an all-time high. The token is currently trading at $140 million with a 24-hour gain of 449% and trading volume of $61.3 million.
13:37
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Real Bedford Raises $4.5M From Winklevoss Brothers, Enables Bitcoin Payments for Fans

According to CNBC, English football club Real Bedford has secured $4.5 million in funding from Cameron Winklevoss and Tyler Winklevoss. The club now allows fans to purchase tickets, food, and merchandise using Bitcoin, with select players and staff receiving salaries partially or fully paid in Bitcoin. Real Bedford, acquired by podcaster Peter McCormack in 2022, aims to become a global Bitcoin brand and eventually join the English Football League.
BTC0.26%