Gate Crypto Flash News and Market Updates

F2Pool co-founder Wang Chun (@satofishi) said in a recent post that he banned all Zcash team members six years ago after they repeatedly confused EST and EDT time zones, concluding the company lacked basic operational principles. Wang Chun stated this remains one of his most correct decisions, citing the BlockFi incident in which 701.4 USD was mistakenly sent as 701.4 BTC to users, saying people who cannot distinguish between time zones likely confuse BTC and USD as well.

According to Konrad Kleinfeld, analyst at State Street Global Advisors, the European Central Bank may combine an anticipated rate hike with signals of openness on Thursday (Sept 11). The key question for markets is whether the 2.50% deposit rate will be sufficiently restrictive or if the ECB is preserving policy flexibility for December. LSEG data shows money markets have fully priced in a 25 basis point increase, bringing the deposit rate to 2.50%.

According to Saudi media Alhadath, Saudi Arabia stated it will not tolerate attacks on its territory and resources. The government vowed to address any such attacks under international law and called on Houthi forces to cease all escalatory actions and threats to maritime navigation.

According to Bloomberg and industry analysts, Apple will launch its first foldable iPhone Ultra on September 10, starting at $1,999 for the 256GB model and reaching $2,999 for the top-tier version. The device features a book-style dual-fold design with a 5.5-inch outer screen and 7.8-inch inner display, along with a custom Samsung panel and liquid metal hinge to minimize crease depth below 0.15mm. Simultaneously this week, Huawei released the Mate XT 2 triple-fold flagship with a 10.2-inch scree

According to F2Pool co-founder Chun on September 8, Zcash's recent price rally is primarily driven by new exchange listings and short squeezes rather than fundamental improvements. Chun highlighted concerns including founder rewards totaling 2.1 million ZEC (10% of the 21 million ZEC supply limit) accumulated over the protocol's first four years, optional privacy features, governance disputes among the Electric Coin Company and Zcash Foundation, and the Orchard privacy pool vulnerability disclos

According to financial columnist Steven Porrello, the S&P 500 faces increased uncertainty in September as valuations reach their second-highest level in history, coinciding with the traditional "September Effect" market weakness. Porrello highlighted that the Cyclically Adjusted Price-to-Earnings ratio (CAPE), which averages the S&P 500's inflation-adjusted earnings over the past decade, has sounded an alarm at approximately 41, compared to the historical average of 18 and the dot-com bubble pea

On September 8, according to Bitget market data, WTI crude oil surged 2% intraday to $93.31 per barrel, while Brent crude rose 1% to break $98, reaching $98.07 per barrel.

Taiwan's weighted stock price index closed down 0.5% to 47,105.78 points today (September 8).

According to The Rollup's host Andy, on September 8, a major fund has reportedly received SEC approval to tokenize fund shares and trade them on-chain. The fund may be Fidelity, ARK Invest, or BlackRock, Andy said, though he emphasized the report remains unverified and awaits confirmation from SEC Chair Atkins.

According to BlockBeats citing TradingBeats, whale xm39 added approximately 214,800 WTI crude oil long contracts yesterday (September 8), with a notional transaction value of about $19.75 million. The position size increased from 171,300 to 386,200 contracts, a 125% increase. As of press time, xm39's crude oil long position totals approximately $35.89 million, with an average entry price of $91.93 per barrel and unrealized gains of about $383,000.

According to Guru Club, crude oil and related energy futures rose sharply on September 8. SC crude oil increased 3.12% to 710 yuan per barrel, while low-sulfur fuel oil (LU) gained 3.32% to 5,133 yuan per ton. Fuel oil climbed 2.71% to 3,902 yuan per ton, and asphalt rose 3.22% to 5,167 yuan per ton.

According to CoinDesk, the UK Financial Conduct Authority (FCA) is considering easing retail access restrictions to prediction markets on September 8, reversing its official stance that has maintained restrictions since 2019. The move comes as increasing numbers of UK users bypass limitations using VPNs to access offshore platforms Kalshi and Polymarket, which are now valued at approximately $22 billion and $21 billion respectively. Any platform offering derivatives contracts will still require

According to Zhang Bin, executive director of international cooperation at the Shanghai Stock Exchange (SSE), the exchange plans to optimize the China-Hong Kong Stock Connect mechanism on Sept 8 at the HKEX China Opportunity Forum 2026 in Shanghai. The SSE will encourage long-term capital inflows and work with mainland and Hong Kong regulators to expand the scope of Stock Connect products. Specific initiatives include integrating REITs (real estate investment trusts) and RMB-denominated stock tr

Bitcoin fell below $80,000 to trade at $79,019, down 1.75% over the past 24 hours, after stronger-than-expected US jobs data reduced expectations for near-term Federal Reserve rate cuts. US employers added 162,000 jobs in August, well above forecasts of 55,000-65,000, pushing investors to price in a potential 25-basis-point rate hike at the September meeting instead. Higher interest rates make government bonds more attractive relative to non-yielding assets like Bitcoin, with Treasury yields ris

According to GMGN data, BNC4 meme token on BSC saw its market cap decline from over $20 million to $2.8 million. Multiple users who participated in on-chain arbitrage through Four.meme's BNC4 Mint mechanism disclosed profits ranging from tens of thousands to hundreds of thousands of dollars. Trader 0xShawn disclosed exchanging 6,666 BNC4 tokens for approximately 231,300 USDT.

According to Andy, host of The Rollup podcast, the CLARITY Act faces near-zero chance of passing in its current form, despite Polymarket odds showing 18% probability. Andy stated the actual likelihood is closer to 3-5%. Speaking on X, Andy noted that policymakers are likely to pursue a different approach: splitting the legislation into separate, targeted bills addressing specific crypto sectors. These potential separate measures could focus on stablecoins, asset tokenization, perpetual contracts

Singapore digital bank Trust Bank has launched Trust AI Ask, an in-app feature enabling customers to find, check, and understand card transactions using everyday language. The tool answers questions about spending by merchant, category, date, or amount, and provides totals, summaries, and counts with privacy and security safeguards. Trust Bank plans to expand the feature into other banking areas beyond card spending.

According to ChainCatcher, Boyaa Interactive purchased approximately 205 BTC between June 24 and September 4, with a total consideration of about $14.3 million. The company now holds approximately 4,316 BTC with an average purchase cost of $68,280 per coin. The acquisition was funded from idle cash generated by business operations.

According to Saudi Energy Ministry, energy and utilities facilities in southern Saudi Arabia came under attack on Tuesday morning.

According to iNews24, South Korean robotics component maker Robotics jumped 31.37% over the past month (August 7–September 7), while larger rival Rainbow Robotics declined 3.65% in the same period. The shift reflects investor rotation from finished-product humanoid makers to key component suppliers. The rally follows U.S. regulatory measures targeting China's robotics industry. In July, the FCC banned new foreign humanoid robot certifications for national security reasons, and mandated that U.S.