Gate Crypto Flash News and Market Updates

According to Baidu's announcement, the company's transition from secondary listing to dual primary listing status on Hong Kong Exchanges and Clearing took effect today (September 1). The change reflects Baidu's enhanced standing on the exchange.

According to ChainCatcher, on September 1, addresses linked to the OFAC-sanctioned North Korean hacker group Lazarus Group transferred over $30 million through Hyperliquid, according to on-chain analyst Emmett Gallic. Bitcoin was converted to ETH and SOL on Hyperliquid, then bridged to Tron, Solana, and Ethereum, with funds deposited into KuCoin, Lbank, Kraken, and other unmarked Tron-based services.

South Korea's August trade balance came in at $34.75 billion, exceeding the forecast of $30.74 billion. The prior month's figure was also revised upward to $30.39 billion from the initial $30.32 billion.

According to South Korea's official trade data released in early September, exports surged 68.7% year-over-year in August, significantly exceeding the forecast of 62.9% and the prior month's 62.8%. The stronger-than-expected export growth outpaced both analyst expectations and prior-month performance.

On August 28, the U.S. Ninth Circuit Court of Appeals ruled 3-0 that Kalshi's sports event contracts are not swaps, determining that the Commodity Exchange Act does not preempt Nevada's gambling regulation of such contracts. The court vacated prior injunctions blocking Kalshi and dismissed prohibition requests from Crypto.com and Robinhood. This ruling conflicts with a Fourth Circuit decision from April, which found the contracts likely qualify as swaps under federal law. New Jersey has until Se

According to Nepal Police, the death toll from the mudslide disaster in Nepal has reached 974 as of August 31 at 8 p.m. local time.

According to Ontology's official statement on X, the blockchain suspended mainnet block production on September 1 after discovering potential security vulnerabilities during routine security checks. The team emphasized that no confirmed security incident has occurred and user assets remain unaffected. ONT, ONG, and other on-chain assets are not impacted based on current assessment. The suspension is a precautionary measure, not a response to confirmed asset loss or ongoing attacks. Recovery time

According to The Block, OpenSea officially launched Solana NFT trading on September 1, enabling users to buy, sell, and trade Solana-based NFT collections. This marks the platform's first full integration of a non-EVM blockchain for NFTs since the testnet debut in April 2022.

According to Yonhapnews, Kim Yong-beom, the director of South Korea's Presidential Policy Office, has resigned.

According to BlockBeats, on September 1, U.S. President Donald Trump stated that American GDP growth could reach 14%, 15%, 16%, or even 20%, and asserted that such high growth should not prompt the Federal Reserve to raise interest rates. Trump said economic growth "will not trigger inflation" and demanded that the U.S. have "the world's lowest interest rates." The U.S. July PCE price index rose 3.7% year-over-year, remaining above the Fed's 2% target, with markets currently expecting a possible

According to Reuters, on August 31, Huawei reported first-half net profit fell 36% year on year to 23.8 billion yuan (US$3.54 billion), while revenue rose 9.6% to 467.8 billion yuan (US$69.6 billion). The profit decline was driven by higher input costs, increased research and development spending which climbed 25% to 121.4 billion yuan (25.9% of revenue), elevated memory chip prices, and shifts in business mix. Huawei is investing heavily in AI, communications technology, smart devices, and inte

According to The Block, on Thursday (August 27), Solana network seven-day average transaction fees in SOL hit a record high of 9,200 SOL, up over 80% from three months prior. Non-voting transactions averaged 191 million daily, also setting an all-time high versus 88 million in the year-ago period. The SGP-0002 "Double Deflation" proposal passed with 67% voter support and 60.7% turnout—a record for Solana governance participation. The measure doubles the annual inflation reduction rate from 15% t

According to GMGN, Artificial Inu (AI), a stock meme token on the Robinhood chain, reached a market cap of $150 million on September 1, marking an all-time high. The token surged 60% in 24 hours with trading volume of $19.7 million. AI combines Shiba Inu and AI narratives with tokenized NVDA exposure through a pairing mechanism.

According to Korea Investment & Securities analysts on August 1, neoclod companies reported significant GPU rental fee increases in Q2 results. CoreWeave implemented a 25% price increase across all products in July, while Nebius saw capacity auction prices 15% higher than previous highs. IREN's three-year contract rates jumped 125% versus November 2025, with five-year rates up 70%. Consequentially, data center investment payback periods have compressed from the traditional 4-5 years to under 2 y

According to South Korea's presidential office, on August 31, Seoul reaffirmed it is reviewing options for substantial and military contributions to ensure freedom of navigation in the Hormuz Strait, in response to U.S. President Donald Trump's recent remarks. Trump claimed during a Fox News interview on August 30 that South Korea had rejected American requests for assistance related to Iran. The presidential office stated it has been in continuous discussions with the United States and the inte

According to Yonhapinfomax on August 31, South Korea's second-phase People Growth Fund (PPF) has postponed the selection of asset managers and investor recruitment due to deteriorating market conditions. The Korea Exchange's KOSDAQ index has fallen to the 800s, down approximately 25% from the 1,105.97 level when the first-phase fund launched in May. The first-phase fund sold out in five trading days after 87% of its initial 600 billion won allocation was claimed on day one. Market uncertainty is

According to BIT (bit.com), cryptocurrency-linked stocks rallied on September 1 at the close, with Circle (CRCL) leading gains at up 9.67%. Coinbase (COIN) rose 5.31%, BitMine (BMNR) gained 6.55%, and MicroStrategy (MSTR) climbed 4.42%.

According to the Wall Street Journal, 1789 Capital, a firm where Donald Trump Jr. is a partner, plans to invest approximately $300 million in Polymarket on September 1 as part of a roughly $1 billion funding round led by 1789 Capital. If completed, Polymarket's valuation will reach approximately $21 billion. 1789 Capital has previously invested about $200 million in the prediction market platform and would become one of its largest investors.

According to the China Meteorological Administration, Typhoon Skiraka revived and re-strengthened to tropical storm level early on August 1 after its remnant vortex developed into a tropical depression in the northwestern South China Sea. The administration issued a typhoon blue alert on August 1 at 6 a.m. and maintained the original typhoon name and number. From August 1 at 8 a.m. to August 2 at 8 a.m., the affected areas including the South China Sea, northeastern Beibu Gulf, Qiongzhou Strait,

According to Melick, global commodities strategist at TD Securities, traders reduced their net crude oil positions this week amid ongoing uncertainty surrounding the next phase of the Iran conflict. The strategist noted that no signs indicate normal passage through the Strait of Hormuz will resume in the short term.