Gate Crypto Flash News and Market Updates

On Sept. 3, Brent crude fell 0.6% to $95.04 a barrel and WTI declined 0.4% to $90.63 following a volatile rally that hit the highest intraday levels since July 24. Oil remained elevated amid renewed military exchanges between the U.S. and Iran, with Kpler data showing only four commodity vessels crossed the Strait of Hormuz on Wednesday versus a recent 10-day average of 13 vessels, reflecting continued export pressure. U.S. commercial crude inventories excluding the Strategic Petroleum Reserve f

According to Iran's Tasnim News Agency, three Iranian Army pilots were killed in a U.S. strike earlier this week.

According to Bitwise, Bitcoin and gold correlation reached a nearly six-year high on a 90-day basis during the latest bond market selloff at the end of August. The correlation rose as yields on longer-dated U.S. Treasurys moved higher. Bitcoin rose 22.4% over the following week, its biggest weekly gain since March 2024, while gold added about 5% and stocks fell. Bitcoin's 30-day correlation with the S&P 500 fell toward zero during the August rally, according to Glassnode analysts. However, analy

According to a Reuters survey, 58 of 64 economists expect the European Central Bank's deposit rate to reach 2.50% by the end of 2026. In an August survey, 55 of 69 economists held the same view.

According to a Reuters survey, 65 economists expect the European Central Bank to raise the deposit rate by 25 basis points to 2.50% at its September 10 meeting.

According to Bitfinex research on September 3, Bitcoin entered September trading within a narrow $76,500–$79,500 band, compressing just above the True Market Mean at $76,350, marking the average cost basis of all active network participants. The five-day consolidation follows a hawkish Federal Reserve address and reflects the significance of a price zone where substantial supply is concentrated near investor breakeven levels. August delivered Bitcoin's first positive month since 2021, closing up

According to Komainu, the organization is hosting a closed-door forum on digital assets on September 22 in London. The event, organized in participation with the Digital Assets Association UK, seeks to address how the City of London can maintain its competitive edge as payment and FX infrastructures transition on-chain. The forum aims to bring together industry leaders, regulators, and financial sector professionals to discuss practical implementation of digital assets in UK capital markets.

According to AGM, the financial analysis firm recently predicted that onchain stock discussions will diminish over the next two years, with traditional stocks regaining prominence in investment conversations. AGM suggested that while some stocks will remain onchain, others may revert to offchain formats, reflecting an evolving shift in market dynamics.

According to Beating, Alibaba's Tmall officially launched an AI Token recharge center on September 3, aggregating subscription services from domestic AI model providers including Aliyun, Zhipu, Kimi, and MiniMax. Users can purchase token plans, coding plans, or prepaid recharge options via card or direct payment. Zhipu, which opened an official flagship store on Tmall a day earlier, saw search volume spike 40x on its first day.

According to Bloomberg and Financial Times, Nvidia is in advanced negotiations to acquire open-source AI platform Hugging Face for approximately $14 billion on September 2. The deal includes $12.9 billion in cash and $1 billion in employee retention bonuses. If finalized this week, the acquisition would surpass Nvidia's 2019 purchase of Mellanox for $6.9 billion and become the largest AI sector acquisition of 2026 to date.

According to Oman News Agency, Oman and Qatar have discussed strengthening cooperation in commercial, industrial, and investment sectors. Oman has conducted weeks of negotiations with Iran on joint management of the strategically critical Strait of Hormuz. Qatar, serving as a key mediator between the U.S. and Iran, facilitated a memorandum of understanding in June that briefly halted hostilities between the two parties. The accord has since expired.

According to analyst firms including William Blair and Evercore ISI, Ultragenyx Pharmaceutical's experimental Angelman syndrome therapy GTX-102 failed to meet its primary endpoint in Phase 3 testing on Thursday, causing RARE shares to sink 45% in pre-market trading. The Aspire trial did not achieve its main goal of improving cognitive function in children aged 4 to 17 and missed key secondary endpoints. William Blair downgraded Ultragenyx to Market Perform from Outperform, citing negative implic

According to Artificial Analysis, Inworld's TTS-2 launched today, ranking first in the Controlled Voice Arena with 1123 Elo, surpassing Cartesia Sonic 3.6's 1119. The benchmark evaluates models by cloning the same eight voices and conducting blind tests, assessing naturalness, pronunciation, pausing, intonation, and rhythm. The model uses prior speech context to adapt tone, pacing, and emotion for subsequent responses. Developers can use natural language commands like "whisper" or "speak like ex

According to a Treasury Inspector General for Tax Administration (TIGTA) report, IRS examination revenue fell $3.5 billion to $6.5 billion in fiscal 2025, down 35% from $10 billion a year earlier. The sharp decline was driven by a 27% reduction in the agency's examination and collection workforce, which fell from 27,217 employees at the end of fiscal 2024 to 19,612 employees a year later.

According to PANews, FOMO's daily revenue reached $1.21 million on September 1, marking an all-time high amid accelerating memecoin development momentum.

According to BlockBeats and TradingBeats monitoring on September 3, an unidentified address accumulated 400 BTC through regular trades and three Time-Weighted Average Price (TWAP) executions totaling $31.046 million, starting at 05:42 UTC. The address executed 250.65 BTC via regular trades ($19.493M) and 149.35 BTC via TWAP ($11.553M). It currently holds a 400 BTC long position at 20x leverage with an average entry price of $77,613.7, showing an unrealized loss of approximately $11,000. The liqu

According to ChainCatcher, Japanese-listed company Remixpoint sold all of its altcoin holdings in late August, generating approximately $5.54 million in proceeds and realizing $733,000 in profit. The disposed assets included 901.45 ETH, 13,920 SOL, 1.1912 million XRP, and 2.8023 million DOGE. Following the liquidation, Bitcoin became Remixpoint's sole crypto holding, with the company currently holding approximately 1,506 BTC and planning to focus future business operations around Bitcoin.

A federal court has entered a consent order requiring swaps trader John Patrick Gorman III to pay $90,000 for false or misleading statements made during a Commodity Futures Trading Commission investigation. According to the CFTC, Gorman deleted responsive WhatsApp messages and communications after receiving a preservation request in March 2019, and made false statements about document compliance and employee communications in subsequent testimony. The CFTC dismissed with prejudice the two origin

According to Standard Chartered's global head of digital assets Geoff Kendrick, global stablecoin monthly trading volume has reached approximately $7 trillion, with Solana accounting for about one-fifth of transactions. Kendrick noted that enterprise adoption is becoming a key driver for broader stablecoin adoption, while different blockchain networks are establishing their own application positioning.

Riksbank Governor Erik Tegnell stated that Sweden's central bank has not yet seen clear signs of sustained significant inflation increases, though it must remain highly alert to upside risks. The remarks reflect ongoing concerns about price pressures despite recent disinflationary trends in the Nordic economy.