Gate Crypto Flash News and Market Updates

On Wednesday, Coinbase launched regulated crypto derivatives trading in Canada, offering 23 perpetual and dated futures on Bitcoin, Ether, Solana and other assets alongside five commodity futures. Access is limited to eligible Canadian customers with at least $5 million in net financial assets, registered investment advisers and dealers. The nano-sized positions offer up to 10x leverage, and Coinbase said it is the first major crypto-native platform to offer direct native crypto futures in Canad

On Wednesday (September 2), offshore Chinese yuan (CNH) traded at 6.7180 against the U.S. dollar at the New York close, up 41 pips from Tuesday's close. Intraday trading ranged between 6.7267 and 6.7161 yuan per dollar.

According to RBC Capital Markets strategists, the U.S. Treasury's expanded buyback plan maintains positive effects on long-end debt yields on Wednesday, despite 30-year yields reverting to near pre-announcement levels. The strategists noted that long-end swap spreads have held their gains since the plan was announced, indicating the buyback initiative was not entirely without impact.

South Korea's foreign exchange reserves reached $442.3 billion in August 2026, up from $427.95 billion in the previous month, according to official data. The month-on-month increase of $14.35 billion represents a 3.4% gain.

According to Yonhapinfomax, European natural gas prices hit their highest level since January 2023 on September 2, with TTF hub futures in the Netherlands breaching 75 euros per MWh intraday before settling at 73.60 euros—up over 2% from the previous day. The surge reflects escalating military tensions between the U.S. and Iran, now over six months into conflict, amid concerns over tightened global energy supply. EU gas storage facilities stood at just 63% capacity as of late August, well below

According to Korea Exchange, individual investor ETF net purchases in August totaled 2.376 trillion won, down 73% from July's 8.787 trillion won and marking the lowest monthly figure this year. Analyst Yoon Jae-hong from Mirae Asset Securities attributed the decline to investor sentiment deterioration compounded by regulatory tightening on single-stock leveraged products. Recent inflows have shifted toward benchmark index ETFs like TIGER S&P 500 and KODEX Nasdaq-100, signaling a move away from t

The Magnificent 7 technology index closed up 0.87% at 226.71 points on Wednesday, September 2, as U.S. tech stocks extended early gains with narrow consolidation at higher levels. The broader Tech Titans index gained 0.58%, closing at 445.95 points.

The Federal Reserve released its August Beige Book on September 2, reporting that 10 of its 12 regional Federal Reserve districts experienced slight to moderate economic growth since early July, while two districts saw no change in activity. Consumer spending increased modestly overall, with reports reflecting both higher price sensitivity and strong demand for luxury goods. Manufacturing activity rebounded in most districts, with continued strength in defense and data center-related orders. Emp

On Wednesday (Sept. 2), spot gold rose 1.39% to $4,389.36 per ounce at the New York close, while spot silver gained 1.97% to $65.34 per ounce. The Philadelphia Gold & Silver Index advanced 3% to 403.57, and the NYSE ARCA Gold Miners Index climbed 1.91% to 2,794.88.

According to Maeil Business, on September 1, GoPro finalized a merger agreement with Starman Optical, a U.S. optical and photonics company specializing in AI datacenter infrastructure. Starman will pay GoPro shareholders $285 million in cash, acquiring approximately 90% post-merger ownership. GoPro shares surged 40.38% to $1.23 on the news. YouTuber Markiplier, who recently acquired an 8.5% stake, becomes the company's largest individual shareholder.

According to Bitcoin.com News, in August 2026, the meme coin NPC price surged 206%, outpacing Helium Network's HNT which rose 188.70%. Meanwhile, KAITO experienced the steepest decline, losing 67.87% against the U.S. dollar. Historically, Bitcoin has ended lower in 8 of the past 13 Septembers, with altcoins typically following similar downturns. This bearish seasonal pattern suggests added volatility ahead for the broader crypto market.

According to The Guardian financial disclosures, Emil Michael, the Pentagon's undersecretary of defense for research and engineering, sold his Perplexity AI stake in June for between $5 million and $25 million. The sale marks his third AI-adjacent stock exit this year, following a $24 million profit on xAI in January and at least $5 million from a Brex stake in April. Michael has been the Pentagon's public face in pushing to blacklist Anthropic, which competes directly with Perplexity and xAI fo

According to the White House, President Donald Trump stated on September 2 that military operations against Iran may not take long. During a press conference at the White House, Trump said the U.S. is ready to conduct additional strikes whenever needed, threatening further military action against Tehran. Trump described recent airstrikes targeting Iranian equipment along the Strait of Hormuz, stating the U.S. destroyed both defensive and offensive systems. He noted that weekend operations target

According to CNBC, Microsoft announced on Wednesday that it will start disclosing quarterly revenue for its Azure cloud business for the first time. The change is part of a broader restructuring of the company's operating segments from three to two, a shift in place since 2015. Azure revenue grew 42% to $29.42 billion in the June quarter, representing almost 33% of Microsoft's total revenue. The company's new reporting structure will consolidate into two segments: Agents and Infra (including Azu

According to TechTimes, on June 16, 2026, a federal court in the Eastern District of New York ordered six defendants to pay $5,518,902 for operating NanoBit, a fake cryptocurrency trading platform that defrauded 18 victims of approximately $967,000 between October 2023 and June 2024. The defendants posed as financial professionals on WhatsApp, directing victims to deposit funds into the platform which displayed fabricated profits and fabricated trades. The defendants falsely claimed affiliation

According to CNBC, Snowflake shares surged 22% in extended trading on Wednesday after the data analytics software maker reported fiscal Q2 results that beat expectations. The company posted adjusted earnings per share of 62 cents versus 45 cents expected and revenue of $1.55 billion versus $1.48 billion consensus. Revenue grew 35% year over year in the quarter ended July 31. Snowflake attributed the outperformance partly to gains from its CoCo artificial intelligence coding agent, which now has

On September 2, the Nasdaq Golden Dragon China Index fell 0.05% to close at 6051.33. Among major Chinese tech stocks, Sungrow Power Energy led gainers with a 5.5% rise, followed by Meituan up 4.4% and Xiaomi up 2.2%. In declines, Century Link fell 2.3%, while Alibaba and MediaTek each dropped 0.9%. The Chinese Technology Index ETF (CQQQ) declined 0.10%, while the China Internet ETF (KWEB) rose 0.04%.

The Blockchain Association announced the Clarity Act initiative on September 10 at Stablecon, aiming to establish a regulatory framework that clarifies the roles of the SEC and CFTC in governing U.S. digital asset markets. The discussion, featuring speaker Summer Mersinger, will address jurisdictional disputes between the two regulators. Blockchain Association members receive a $300 discount for participation.

According to Coinbase's official announcement, Anthony Armstrong will join the company's board of directors and audit committee. Armstrong recently served as chief financial officer (CFO) of xAI and X Corp, and previously spent nearly a decade at Morgan Stanley leading global technology mergers and acquisitions, as well as holding a position at the U.S. Department of Government Efficiency.

According to OKX, Solana (SOL) broke through the $100 mark today, trading at $100.01 with a 24-hour gain of 0.12%.