Gate Crypto Flash News and Market Updates

According to Platts, European beet sugar prices in northwestern Europe hit €550 per ton (approximately $638) on September 3, the highest level since late September 2025, rising nearly 40% since year-start. The surge reflects tightening supplies as deteriorating beet crop conditions constrain production across the region.

According to CryptoBriefing, DraftKings' tokenized stock DKNG achieved $39 million in trading volume on Solana within three hours of launch. The DKNG token, issued through Backpack Securities, is fully backed 1:1 by actual DraftKings shares held in custody, and holders can redeem their tokens or transfer them into traditional brokerage accounts.

According to Cantor Fitzgerald, on September 10 the firm doubled BitMine Immersion Technologies' price target to $63.60 from $30.60, maintaining an Overweight rating. With BitMine shares trading near $24.20 at the time, the new target implies approximately 163% upside. Cantor's analysts expect the crypto bear market drawdown to find a floor around October 2026, with the central thesis centered on BitMine's shift from a mining-focused company to a leveraged Ethereum proxy through its 5.93 million

According to regulatory disclosure filed Friday, Oracle expanded its 2026 Restructuring Plan budget by $700 million to $2.8 billion, driven primarily by severance costs tied to aggressive artificial intelligence infrastructure spending. The company has already absorbed approximately $2.1 billion in expenses related to workforce reductions. The financial strain stems from building massive data centers for enterprise clients including OpenAI, prompting Oracle to implement accelerated cost-cutting

UniCredit Bank is exploring technology providers to support entry into digital assets, including crypto trading, custody, tokenized investment products, and stablecoin-based fixed-income securities, according to reporting from FinanceFeeds. The Italian bank's discussions remain at an early stage, with no technology provider yet identified and no timeline for service launches disclosed. The project reflects UniCredit's interest in building internal digital asset infrastructure rather than relying

According to Goldman Sachs, the investment bank now expects the Federal Reserve to raise interest rates in September, shifting from its previous forecast of no change.

According to Bloomberg, the European Union's antitrust regulator is conducting a detailed review of Broadcom's software licensing model following its $61 billion acquisition of VMware, concerned that customers could face substantial harm. Inquiry letters dated July have been sent to European cloud service providers, focusing on VMware's importance, available alternatives, and potentially unfair restrictions in Broadcom's new partner certification program. The review comes ahead of a critical Mar

According to Symbiosis, its Bitcoin bridge suffered a security attack at 04:28 UTC on September 11. The incident resulted in a pause to BTC routing, while other routes remain operational. The team has recovered approximately 15 BTC and secured it in a multi-signature wallet under team control. Symbiosis has offered a 20% white-hat bounty of the recovered funds, valid until September 13, with equal compensation available to information providers who assist in fund recovery. EVM chains, TRON, TON,

According to Reuters, Nvidia is in talks to invest up to $10 billion in Anthropic's initial public offering. The AI safety company is seeking to raise as much as $100 billion at a valuation of approximately $2 trillion.

According to Junggle Research, Bitcoin fell 3.90% to $76,568 this week, while Ethereum declined 0.77% to $2,437, as rising oil prices and U.S. Treasury yields dampened risk asset sentiment. WTI crude surged above $100 per barrel amid prolonged U.S.-Iran tensions, while Brent crude also entered the $100 range. U.S. producer prices added pressure: August PPI rose 0.4% month-on-month and 5.4% year-on-year, exceeding July's 4.8% gain. The 10-year Treasury yield climbed to around 4.85%. CME FedWatch

On Friday (September 11), the S&P 500 rose 0.9%, while the Nasdaq 100 and Dow Jones Industrial Average gained 0.9% and 1% respectively, as investors shift focus to next week's Federal Reserve rate-setting meeting. According to the CME FedWatch tool, the probability of a 25-basis-point rate increase stands near 90%. Meanwhile, Microsoft Corp. plans to more than triple its data-center capacity to overcome computing shortages and address increased demand for AI and cloud services.

According to CNBC, Dell Technologies surged 12% on Friday (Sept. 11) after RBC Capital Markets initiated analyst coverage, assigning an Outperform rating and a $640 price target. The stock has climbed over 350% year-to-date, driven by strong demand for AI infrastructure. RBC analyst David Paige noted Dell holds $95 billion in unfulfilled server backlog orders, with second-quarter AI server sales reaching approximately $16.4 billion, positioning the company to benefit from a multi-year AI infrast

According to Guru Club, S&P made a significant upward adjustment to the U.S. dollar's rating on September 12, and may downgrade its bond rating outlook to negative. The agency is considering a more cautious stance on sovereign debt assessments as economic conditions evolve.

According to TechCrunch, Mecka AI is close to securing a funding round at approximately $500 million valuation, with Sequoia Capital expected to lead the investment.

According to Guru Club, WTI crude oil dropped 2% to $100.44 per barrel on September 12, while Brent crude retreated nearly 3% from its four-month high but remained above $104 per barrel.

According to Onchain Lens, Loracle (0x8def...92dae) closed part of its HYPE short positions and sold spot holdings, realizing a loss of $3.92 million. The trader remains long 192,940 HYPE shorts valued at $15.33 million with unrealized losses of $4.97 million. Loracle has accumulated cumulative losses of $28.58 million.

According to a statement from Saudi Arabia's Energy Ministry on September 11, the country's East-West pipeline segments near Riyadh and Medina were attacked multiple times on the morning of September 10. The ministry announced preventive closure measures in response. The attacks resulted in injuries to several personnel. Emergency and technical teams were immediately deployed to assess the pipeline's condition and implement necessary safety procedures, according to the statement.

According to the official announcement, the UAE President pledged $46.4 billion (400 billion euros) in investments to Germany on Sept. 11 during a state visit this week. The investment will cover artificial intelligence, digital infrastructure, and energy sectors, with an additional 1 gigawatt of data center capacity included in the plan. Both nations also agreed to deepen defense cooperation, with 10 billion euros earmarked for investments in Bavaria, a key hub for Germany's industrial and tech

According to Guru Club, Ethereum reached $2,582.76 on Sept. 11, marking its highest level since late January, with a 6.44% gain over the past 24 hours.

According to U.S. Central Command, the American military diverted 99 commercial vessels as of September 11 through its continuing naval blockade operations against Iran.