Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
Today
03:04
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Goldman Sachs Maintains AI Sector Appeal on $800B Megascale Investment Wave Through 2027

According to Guru Club, Goldman Sachs' Asia-Pacific equity strategy chief Timothy Mo said today, September 25, that AI-related stocks remain attractive despite rising government bond yields. Megascale cloud companies are projected to invest approximately $800 billion in 2026, potentially reaching $1.2 trillion in 2027, Mo stated, signaling strong demand signals for Asia's AI hardware supply chain. Mo highlighted Asia's "extremely low" valuation levels as additional support for related equities,
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03:04
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DensityAI Enters Final Funding Talks at Nearly $10B Valuation, with AWS Procurement Deal in Place

According to Guru Club, AI chip startup DensityAI entered final-stage funding talks today, targeting a post-money valuation near $10 billion with plans to raise hundreds of millions of dollars. Founded roughly a year ago by a core team from Tesla's Dojo supercomputer project, the company has secured a conditional procurement agreement with Amazon Web Services (AWS): AWS will purchase DensityAI's chips if they meet specified performance benchmarks. Venture capital firm Andreessen Horowitz (a16z)
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03:01
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Apple and Nvidia Hit Historic 15% of S&P 500 on Thursday, Marking Unprecedented Concentration

According to Yahoo Finance, Apple and Nvidia combined accounted for over 15% of the S&P 500 Index on Thursday (September 24), marking an unprecedented concentration level, according to Creative Planning President Peter Mallouk. This far exceeds the dot-com bubble peak, when Microsoft and General Electric combined represented only 9.1% of the index. Apple hit a record $345 per share earlier this week and is up 25% year-to-date, while Nvidia closed at $224.58 on Thursday, up roughly 20% since the
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03:01
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India's Foreign Minister Meets U.S. Official in New York on September 25 to Discuss Energy Security and SRIA Sanctions

According to India's Foreign Ministry spokesman on September 25, India's Foreign Minister held a productive meeting with U.S. official Allison Hooker in New York. The two sides discussed bilateral cooperation advances, including energy security, the recently passed Sanctions on Russia and Iran Act (SRIA), civil nuclear cooperation, the TRUST initiative (diplomacy and frontier technology), and the Indo-Pacific strategic investment initiative.
02:58
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Hong Kong, Taiwan Financial Markets Close on Mid-Autumn Festival; US 30-Year Treasury Yield Hits 5.5% for First Time Since June 2024

According to Yonhap News, on September 25, Hong Kong and Taiwan financial markets closed for the Mid-Autumn Festival. In overnight U.S. trading, the 30-year Treasury yield surged above 5.5% for the first time since June 2024, though rates retreated following reports that the U.S. and Iran are exploring phased Hormuz Strait reopening discussions. Major U.S. indices closed mixed. The U.S.-China summit concluded at the White House on September 24. President Trump called the meeting "very productive
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02:57
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Bankless Co-founder's CYPH Stock Surges to 496% Gain Since June Purchase at $0.6848

According to Bankless co-founder David Hoffman, Cypherpunk Technologies (CYPH) stock he purchased on June 8 at $0.6848 closed at $4.08 on September 24, representing a gain of approximately 496%. The stock hit an intraday high of $4.14 on the same day, marking a 52-week high and posting a single-day gain of 13.02%, as Hoffman shared on X.
02:49
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Bitcoin Breaks $85,000 Production Cost on September 25, Easing Miner Selling Pressure: JPMorgan

According to JPMorgan Chase on September 25, Bitcoin briefly surpassed the bank's estimated $85,000 average production cost during this week's rally. If the level holds, it could ease cash flow pressures on miners and reduce selling pressure. Bitcoin had remained below this cost line for approximately 280 consecutive days; however, BTC later retreated to around $84,600, suggesting the market has not yet fully confirmed the breakout. Analysts led by Nikolaos Panigirtzoglou noted that the $85,000
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BTC-0.16%
02:44
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BNP Paribas Upgrades Nebius to Outperform, Raises Price Target to $399 With $22B ARR Forecast for 2027

According to BNP Paribas, Nebius stock surged 9% on Thursday as the research firm upgraded the AI cloud infrastructure provider to 'Outperform' from 'Neutral' and raised its price target to $399 from $260, implying 64% upside. BNP Paribas believes Nebius could approach $22 billion in annual recurring revenue by the end of 2027. Nebius reported Q2 AI business revenue of $575 million, up 514% year-over-year, with annualized run-rate revenue reaching $3 billion. The stock has gained 191% year to da
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02:43
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Luton Technologies Selects Mirae Asset Securities as Lead IPO Underwriter, Targets 2027 Pre-Listing Review

According to TheFact (더팩트), Luton Technologies, a South Korean AI service platform company, today (Sept 25) announced the selection of Mirae Asset Securities as lead underwriter and NH Investment & Securities as co-underwriter for its upcoming initial public offering. The company aims to submit a pre-listing review application in 2027. The appointment follows Luton's completion of a 100 billion won Series C funding round in August, bringing total capital raised to approximately 230 billion won.
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