Gate Crypto Flash News and Market Updates

On Wednesday, Kalshi's election and politics markets went live on DoubleZero Edge, a market data delivery platform, expanding institutional access to prediction market data. DoubleZero Foundation said the addition gives firms new tools to price risk and manage exposure as political events unfold. U.S. prediction market activity has already surpassed the 2024 election cycle, with more than $133 million traded in certain races as of mid-August, according to Reuters. The expansion comes as institut

According to commentator Hayden Adams, Robinhood recently launched a testnet faucet that allows users to acquire 2.8 testnet ETH for just $1. The initiative aims to attract new users to the Ethereum ecosystem and enhance engagement within the network.

According to TD Cowen, Meta stock jumped about 6% on Wednesday (Sept. 8) to its best in two months after analysts recognized Meta Muse AI as a potential notable revenue stream. The firm maintains a Buy rating and $750 price target on Meta shares, representing approximately 22% upside. Meta has acquired Stockholm-based AI startup Stilla.ai, founded in 2024, to integrate its technology and team into Meta's Business Agent ecosystem. The move is designed to enhance automated commerce and transaction

According to the Saudi-led Yemen coalition, Houthi forces launched attacks using ballistic missiles and drones against three Saudi cities on Wednesday: Hamisah Mushayt, Abha, and Jizan.

Apple held its "Surprise and Shine" event on September 9, with newly appointed CEO John Ternus delivering his first keynote after taking over from Tim Cook on September 1. The company introduced a redesigned Siri AI running on Google's Gemini technology, along with the A20 Pro chip—Apple's first smartphone processor built on TSMC's 2-nanometer process. The A20 Pro features a dual 32-core Neural Engine, doubling the previous 16-core design, and 50% higher memory bandwidth to support on-device AI

CryptoUK's Lucy Rigby recently advocated for tokenization of wholesale markets during her speech at the UK Finance event. She emphasized that collaboration among industry, government, and regulators is essential to move from pilot projects to scalable solutions. Rigby stated, "The debate isn't whether wholesale markets will become tokenised; it's when," highlighting the urgency of regulatory clarity and interoperability for UK innovation.

According to Hedera's official announcement, RedSwanDigital has successfully tokenized the Hotel on Rivington in Manhattan using the Hedera blockchain, marking the first real estate asset tokenization on the platform in New York City. Gregory L. Bell, CIO at Hashgraph, emphasized the importance of trust and asset integrity in the tokenization process. The move signals growing institutional adoption of blockchain technology in traditional real estate investment.

According to Yuki Yuminaga, founder of Tenbinlabs, 1inch is exploring tokenized foreign exchange (FX) functionality for the Brazilian Real and Mexican Peso. In a recent discussion, Yuminaga highlighted the utility of these tokenized currencies on the 1inch platform, which functions as a decentralized exchange aggregator. The development aims to streamline trading efficiency and user experience on the platform.

According to Yonhap Infomax, on September 9, U.S. 10-year Treasury yields surged to 4.85%, marking the first breakthrough above this level since November 2023. In the same session, 30-year Treasury yields climbed 4 basis points to 5.304%, breaking through the 5.30% threshold for the first time since August 19. The bond market's sharp reaction followed the U.S. Treasury Department's announcement of a $6 billion buyback program for securities with 10-20 year maturities scheduled for September 10.

Blockchain intelligence firm TRM Labs announced its valuation has doubled to $2 billion following an expansion of its Series C funding round led by Blockchain Capital, according to an announcement Wednesday. The company's annual recurring revenue has quadrupled over the past three years. TRM provides blockchain intelligence and investigation software used by over 600 government agencies and private-sector institutions across 75 countries.

According to The Block, since Aug. 17 bitcoin miners have significantly underperformed the broader crypto rally, with the median return among tracked mining companies at just 1.8% versus BTC's 22% gain. Crypto exchanges and stablecoins have traded at parity with bitcoin during the same period. Among 11 tracked bitcoin mining and mining-adjacent companies, only Canaan (CAN), the bitcoin mining rig manufacturer, outperformed BTC. Core Scientific (CORZ) and Terawulf (WULF) have been among the worst

According to Fermi's announcement on August 10, the energy-infrastructure company signed a binding $6.5 billion, 15-year lease agreement with AI compute provider TensorWave for Project Matador, its data centre campus in Texas Panhandle. The initial phase covers 222 MW of facility power, with power delivery targeted to begin in the fourth quarter of 2027, according to Fermi's investor relations statement. The lease includes expansion options that could bring total capacity to over 650 MW. Fermi h

Amazon and Wiwynn are expanding manufacturing operations in Socorro, Texas with a $1.6 billion investment, expected to create nearly 1,000 advanced manufacturing jobs by the end of 2027, according to statements from company executives. William Lin, president and CEO of Wiwynn, said the investment will help meet growing demand from U.S. customers while strengthening global supply chain resilience. Wiwynn manufactures and integrates server systems and racks for Amazon's data centers, supporting th

According to @Consensys, Consensys Software Inc. announced today a corporate split into two independent companies effective immediately. The consumer-facing MetaMask platform will be led by Joe Lubin, focusing on self-custody solutions, while a new institutional blockchain infrastructure entity will be headed by Mike Kriak. The strategic reorganization aims to better serve both the consumer self-custody and institutional blockchain markets with dedicated leadership for each segment.

Mexico's government reduced rescue funding for state-owned oil company Pemex by 70% in its new budget proposal.

Opus Genetics (IRD) surged more than 30% on Wednesday, marking its best single-day gain and hitting an intraday high of $7.07, the stock's highest level since April 2021. The rally followed the company's announcement that its experimental OPGx-BEST1 gene therapy demonstrated meaningful improvements in visual function for retinal disease patients. In the Phase 1/2 BIRD-1 study, three of five patients showed meaningful improvement in vision, while three patients improved on microperimetry, an eye

According to Grayscale, the Zcash Trust ETF (ZCSH) reached $500 million in assets under management on September 8, just two weeks after launching on NYSE Arca on August 25. The fund marked the first regulated U.S. spot exposure to a privacy-focused cryptocurrency, with approximately $70 million in external inflows during the initial trading period, while DCG, Grayscale's parent company, contributed roughly $100 million through its subsidiary. The milestone arrives amid regulatory tension: the SE

The U.S. Secret Service froze $52.8 million in USDT held across 52 wallets linked to Xinbi Guarantee on September 8, working with blockchain analytics firm Elliptic to target the Chinese-language Telegram marketplace that facilitates global scams. On the same day, the Treasury's Office of Foreign Assets Control designated Xinbi as a "significant transnational criminal organization." According to Elliptic, Xinbi has processed at least $24 billion in transactions since 2022, making it the second-l

Apple's stock price declined 1.5% to hit a daily low on September 9, as the company introduced the iPhone 18 Pro and A20 chip. The new CEO also took the stage during the announcement.

On September 9, Federal Reserve overnight reverse repurchase agreement (RRP) operations totaled $432 million with 6 counterparties, down from $626 million on the previous trading day.