Gate Crypto Flash News and Market Updates

According to The Block, Farmmi shares surged as much as 350% to $0.50 on Wednesday after traders piled into JINQIAN, a memecoin paired with an onchain token using the small-cap Chinese mushroom seller's FAMI ticker on Robinhood Chain. The stock quickly corrected to roughly $0.18 with over 720 million shares traded, nearly 90 times the daily average. At its peak, the memecoin's implied valuation reached $60 million, approximately 10 times higher than the publicly traded company itself, according

THORChain launched a public-facing dashboard in July 2026 tracking its revenue, trading volume, staking data, and network distribution metrics, as part of a transparency initiative involving collaboration with DeFiLlama and data analyst Raynalytics. In July, its first full month after resuming trading operations, the protocol generated $950K in fees, ranking 12th among decentralized exchanges, with trading volumes hitting approximately $797M. As of mid-August 2026, cumulative fees reached $173M

According to Jin10, Iran's Islamic Revolutionary Guards deputy commander Ezzadi said on September 2 that despite enemies deploying equipment at a scale 10 times larger than Iran's forces, they failed to achieve their stated objectives in recent military conflicts, particularly in operations near the Strait of Hormuz.

According to Jin10, Argentina's Foreign Minister Pablo Kichner stated on September 2 that Argentina must employ all available means to achieve sovereignty over the Malvinas Islands (known as the Falkland Islands to the United Kingdom).

According to Reuters and Bloomberg, a Virginia judge on Wednesday rejected the U.S. Department of Justice's bid to force Google to divest its AdX advertising exchange. Judge Leonie Brinkema in Alexandria accepted most of the parties' proposed behavioral remedies instead. The decision marks a significant antitrust victory for Alphabet Inc., following a separate ruling that allowed the company to retain its Chrome browser. The full redacted decision will be released later this month.

According to Kalshi, market pricing for a 25-basis-point rate increase in September has reached 59% to 68% ahead of the Federal Open Market Committee meeting on September 15-16. Fed rate-cut odds have collapsed to just 1%, as markets shift expectations toward tighter policy rather than potential easing. The Kalshi market shows total volume of $31.3 million, with probabilities varying by venue and measurement time.

According to Russia's Defense Ministry, the country's air defense forces shot down 238 Ukrainian unmanned aerial vehicles on September 2.

According to the White House, crude oil from Venezuela under the bilateral agreement could begin entering the U.S. Strategic Petroleum Reserve as early as November.

U.S. Treasury Secretary Bessent said the federal budget deficit has widened this year due to $70 billion in tariff refunds.

According to Whale Alert, an unknown wallet transferred 2,094 BTC (approximately $162 million) to Coinbase Institutional in a recent transaction. Whale Alert, a platform that tracks large cryptocurrency transactions, disclosed the movement via its monitoring services.

According to the companies' announcement on September 1, Prospect Markets signed a definitive agreement with Crypto.com's US derivatives business to launch regulated sports prediction contracts for the NFL and NBA seasons. Prospect will distribute event contracts through Crypto.com's CFTC-registered exchange and clearing infrastructure without building its own. Prediction market trading volume surged 370% year-over-year, from approximately $51 billion in 2025 to Bernstein's projected $240 billio

According to HashKey's official statement, HashKey Group joined the Depository Trust and Clearing Corporation's Digital Assets Advisory Services Industry Working Group on September 2, becoming the first Asian digital asset service provider admitted to the body. The working group has expanded to over 100 financial institutions and advises DTCC on how tokenised securities can be issued, transferred, and settled through institutional market infrastructure. DTCC's Depository Trust Company safeguards

According to PRNewswire, tokenization firm Securitize and Chiliz Group-powered Socios.com have partnered to develop regulated tokenized equity offerings representing minority stakes in professional sports teams, under the Socios Equity Token brand. Socios.com will manage sports-industry and fan relationships, while Securitize handles regulated securities issuance, investor onboarding, and ownership transfers across U.S. and European infrastructure. The initiative is expected to be the first proj

On Wednesday, September 2, the Federal Reserve's overnight reverse repurchase agreement (RRP) facility usage declined to $525 million with one counterparty, down from $725 million the previous trading day.

Venezuelan Acting President Rodriguez announced today that the country has signed multiple energy agreements. The official statement, released on September 2, characterized the development as historic, though specific details of the agreements and participating parties were not disclosed.

According to a recent appearance on Yellow Sofa, Binance CEO Richard Teng discussed digital asset trends and provided a preview of the upcoming Binance Blockchain Week in Bangkok. The event aims to foster community engagement and bring together industry stakeholders to address the evolving landscape of digital assets.

According to Token Relations' H1 report, XRP declined 27% year-to-date through Sept. 1, 2026, while XRPL's average daily transactions climbed 21% to 2.4 million during the January-July period. RLUSD, Ripple's dollar-backed stablecoin, surged 23.4% to $1.58 billion in market capitalization, with its XRPL distribution reaching 58.9% of total supply by end of July, up from 18.4% at the start of the year.

According to Richard Teng, a $43 million block trade settled in just one hour recently with zero exchange fees. The rapid settlement demonstrates improved efficiency in large cryptocurrency transactions, marking a shift in how institutional-scale trades are processed on-chain.

According to state broadcaster CCTV, Iran's Foreign Ministry issued a statement on September 2 condemning U.S. military operations, stating that American forces struck civilian areas and infrastructure including ports and communication facilities in Khuzestan, Sistan-Baluchistan, Hormozgan, and Kerman provinces. The attacks resulted in casualties and material losses, according to the ministry's statement.

Solana validators passed the network's first binding on-chain governance vote today, with proposal SGP-0002 receiving 67.001% support. The vote, tallying 176.29 million SOL in favor against 66.19 million opposed, will double the network's annual disinflation rate from 15% to 30%, causing Solana's inflation to reach its terminal rate of 1.5% by approximately H1 2029 instead of H1 2032. An estimated 18.9 million SOL tokens will not be minted as a result, representing a 2.6% reduction in total supp