Gate Crypto Flash News and Market Updates

According to PANews and reported by CNFinance, China's three major indices pulled back after opening higher on September 3. The Sci-Tech 50 Index fell 0.4%, while the Shanghai Composite Index rose 0.02%, the Shenzhen Component Index gained 0.1%, and the ChiNext Index edged up 0.01%. Combined trading volume across Shanghai and Shenzhen markets reached 1.76 trillion yuan, down 32.3 billion yuan from the previous trading day. Over 3,500 stocks declined across the broader market, with high-flying st

According to Russia's Defense Ministry, Russian forces struck two Ukrainian cargo ships in the Black Sea, reported by Interfax.

According to Jin10, Turkey's inflation cooled more than expected in August, bolstering market bets for a rate cut as early as September. The country's statistics office reported Thursday that August consumer price inflation fell to 31.5% year-over-year, down from 31.8% in July—the third consecutive monthly decline. Central Bank Governor Fatih Karahhan said last month that second-quarter demand is cooling, which could help offset some inflation risks tied to the Iran-related conflict.

According to Jin10 Futures citing Shanghai Futures Exchange data, on September 3, fuel oil futures inventories declined by 26,650 tonnes compared to the previous trading day, falling to 45,240 tonnes. Pulp futures warehouse inventories increased by 3,939 tonnes to 397,188 tonnes, while petroleum asphalt futures warehouse inventories decreased by 4,060 tonnes to 3,730 tonnes. Other energy and chemical futures products remained stable or unchanged.

According to Jin10, citing Shanghai Futures Exchange (SHFE) data released on September 3, metal warehouse receipts showed mixed movements: Copper futures receipts fell to 27,558 tonnes, down 1,959 tonnes day-over-day; aluminum futures receipts decreased to 228,144 tonnes, down 6,045 tonnes; and silver futures receipts dropped to 1,399,935 kilograms, down 22,687 kilograms. Zinc receipts rose 248 tonnes to 95,992 tonnes, while lead, nickel, tin, refined aluminum warehouse and factory inventory, go

On September 3, UK 10-year government bond yields fell 4 basis points to 5.2% on opening, as gilts rose higher in the session.

According to Hankyung, on September 2, U.S. President Donald Trump reiterated Korea and Japan's involvement in the Alaska LNG project during a campaign event, prompting Korean steel and pipe manufacturers to surge. ShinSteel closed at its daily limit of 2,105 Korean won, while DongIl Steel Lux gained 13.36%. Other major players including Kumkang Steel (up 17.68%), KBI Dongyang Steel Pipe (up 8.26%), and TCC Steel (up 7.83%) also rallied. Trump stated that Japan and Korea are involved in pipeline

According to Edaily (September 3), the 480 billion KRW project financing for Bentley Residence Seoul, Asia's first Bentley-branded ultra-luxury residential complex in Seoul's Cheongdam-dong, faces significant hurdles. Hanhwa Investment Securities withdrew as financial advisor in June after failing internal investment review, while GS Construction, initially expected as the contractor, decided not to participate. Meritz Securities is now exploring involvement as successor lead arranger. The proje

GBP/USD surged past the 1.35 level today, gaining 0.12% intraday.

According to Guru Club, Singapore's benchmark stock index declined 1.2% to 5,076.81 points on June 4.

At midday close on September 3, China's futures main contracts fell more broadly than they rose. Shipping futures on European routes dropped over 6%, with fuel oil down over 4%, plywood, coking coal, and lithium carbonate each declining over 3%. Palladium led gainers, rising over 4%, followed by ferrosilicon, platinum, and silver futures each up over 2%.

According to Jin10 Futures, on September 3 at 15:00 Beijing time, spot platinum rose 0.64% and spot palladium rose 0.91%.

According to Digital Times, Citi downgraded its Q3 operating profit forecasts and target prices for SK Hynix and Samsung Electronics today (September 3) due to weakness in the Korean won exchange rate. Citi reduced SK Hynix's Q3 operating profit estimate from 76.7 trillion won to 74 trillion won and lowered its full-year forecast from 261.1 trillion won to 254.2 trillion won, cutting the target price from 3.1 million won to 3.0 million won. For Samsung Electronics, Citi cut its Q3 operating prof

According to Foresight News and Term Labs, all fixed-rate loan positions in the affected vaults of the fixed-rate lending protocol Term Labs were fully recovered by August 25. The incident was confined to the liquid balance within Term vaults, while the core vaults and related strategies remain closed. Term V1 and V2 contracts were not compromised, and the direct lending market continues normal operations for supply, repayment, and liquidation activities.

According to Goldman Sachs Chief Global Equity Strategist Peter Oppenheimer, equity market returns are expected to be more moderate over the next 12 months. Oppenheimer noted that the S&P 500 and global stock markets have delivered exceptional returns over the past year and year-to-date, but predicted that returns will decline from current levels as investors have already accumulated substantial gains.

Switzerland's second-quarter GDP grew 2.8% year-over-year, up significantly from the previous quarter's 0.5% growth rate.

Switzerland's second-quarter GDP grew 1.9% from the previous quarter, accelerating from 0.7% in the first quarter.

According to Yonhap Infomax, Japan's Nikkei 225 index fell 111.16 points to 64,214.48 on September 3, despite rebounds in U.S. equities overnight. The TOPIX index rose 20.44 points to 4,102.04. Escalating U.S.-Iran military tensions pushed oil prices higher, with WTI crude futures trading above $91 per barrel, limiting stock gains and fueling inflation concerns. The dollar-yen exchange rate declined 0.95% to 157.16 yen.

According to Beating AI, Alibaba's Qoder development assistant is launching an AI glasses version, initially integrating with Qiwen AI Glasses and LeQi AI Glasses. Users can issue voice commands through the eyewear, allowing Agents to execute tasks in the cloud or on computers. The glasses serve as visual and voice input, receiving instructions and reporting progress, while handling code recognition, error detection, and image capture. Qoder will be available for closed beta testing for Qiwen ve