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
21:52
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Bitpanda Co-Founder Trummer Named Co-CEO as CEO Enzersdorfer-Konrad Departs Q1 2027; Frankfurt IPO Delayed

According to Bitpanda, Co-founder Christian Trummer was appointed Co-CEO effective immediately and will lead the company alongside CEO Lukas Enzersdorfer-Konrad during a transition period. Enzersdorfer-Konrad is set to leave in Q1 2027 to join Erste Group as Executive Director Asset Management. Bitpanda's Frankfurt IPO remains delayed, with Enzersdorfer-Konrad citing unfavorable market conditions. The Austrian investment platform had targeted a listing in H1 2026 at a valuation of €4-5 billion b
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21:51
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House Committee Approves Digital Asset Tax Certainty Act on Wednesday

On Wednesday, the House Ways and Means Committee approved the Digital Asset Tax Certainty Act and advanced it to the full House. The proposal covers transaction fees, stablecoins, mining, staking, and lending activities. Committee Chairman Rep. Jason Smith noted the legislation is the result of more than a year of bipartisan work aimed at bringing clarity to digital asset taxation. The bill must still pass both chambers of Congress in identical form and receive the president's signature before b
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21:49
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Crux AI Secures $22B Loan From 10-Bank Consortium for Google TPU Hardware

According to Bloomberg, a 10-bank consortium has provided Crux AI, a joint venture of Blackstone and Alphabet, with a $22-billion debt facility on Wednesday. The loan includes a primary $22-billion term facility plus a separate $1-billion revolving credit line. The debt is secured by the market value of Google-designed Tensor Processing Units (TPUs) and Crux AI's underlying customer contracts. The banking group includes Goldman Sachs, Sumitomo Mitsui Banking, Barclays, BNP Paribas, and Bank of N
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21:49
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Ukraine-Russia Conflict Intensifies Over 24 Hours as Zelenskyy Sets Conditions for Energy Ceasefire

According to Jin10 data compilation, over the past 24 hours as of September 17, Ukrainian forces reported killing a Russian general in Donetsk, while launching drone strikes on refineries in Russia's Bryansk region. Russia's Defense Ministry stated it struck Ukrainian energy and transport infrastructure supporting armed forces, while a Russian warship fired warning flares at a Danish helicopter. Ukrainian refineries in Syzran and Saratov ceased operations following drone attacks. Ukrainian Presi
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21:47
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CME Fed Watch Shows 40.1% Probability of 25bp Rate Hike in October

According to CME Federal Reserve Watch data released after the Fed's September rate decision, the probability of the Fed maintaining rates at 3.75%-4.00% in October stands at 59.5%, with a 25 basis point hike probability at 40.1%, and a 50 basis point hike probability at 0.5%. For the December meeting, the probability of holding rates unchanged remains at 16.7%, with cumulative rate increase expectations of 25 basis points at 54.0%, 50 basis points at 28.9%, and 75 basis points at 0.3%.
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21:46
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Former OpenAI Researcher Launches Jev LLM Model, Claims 20-200x Speed and 40-400x Cost Improvement

According to Diogo Almeida, founder of TypeSafe and former core researcher at OpenAI who contributed to ChatGPT and GPT-4, a new language model called Jev was launched recently. The model claims to achieve 20-200x faster speeds and 40-400x lower costs compared to existing LLMs while maintaining comparable performance on structured tasks. Jev's end-to-end response time is 70-500 milliseconds versus 3-329 seconds for advanced models. On pricing, Jev charges 0.042 dollars per million input tokens w
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21:43
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BCB Bancorp Plans Stock Sale, Q3 Loss Guidance of $123-136M

According to an official statement, BCB Bancorp, a New Jersey-based bank, announced plans this week to issue additional stock and divest cannabis and real estate-related loans due to facing substantial third-quarter losses. The bank projects a net loss of $126.2 million to $136.1 million for Q3. BCB stated it will seek to sell cannabis-related lending portfolios, deposits, and commercial and multifamily real estate loans, with proceeds to support liquidity and capital levels. The stock fell as m
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21:41
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SushiSwap Launches Permissionless Token Launchpad on Arc

According to SushiSwap, the decentralized exchange recently launched a permissionless token launchpad on Arc, enabling projects to launch tokens and utilize concentrated liquidity AMM features. The initiative aims to expand SushiSwap's infrastructure and attract more users to its ecosystem.
SUSHI1.25%
21:34
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Houthis Attack Saudi Aramco Facility and Airbase; 18M Barrels Crude Oil Flow Through Hormuz Daily

According to reports, Houthi forces conducted overnight attacks on Saudi facilities on September 16, targeting a Saudi Aramco installation in Yanbu and an air base in Mishab. This marks an escalation of military operations in the region. Meanwhile, U.S. Energy Secretary Wright reported that 18 million barrels of oil flowed through the Strait of Hormuz yesterday, compared to a 7-day average of 11 million barrels daily, underscoring the strategic importance of the waterway amid regional tensions.
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21:33
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GRIN Rallies 12.75% in 30 Minutes to $0.01379

GRIN surged 12.75% in the last 30 minutes, climbing from $0.01223055 to $0.01378961. The price movement reflects increased trading activity, with the token's market cap standing at approximately $3.09 million and 24-hour trading volume at $2,236.14. The asset has also gained 6.14% over the past 24 hours.
21:28
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OpenAI's Altman, Nvidia's Huang Confirmed to Attend Trump-Xi State Dinner on September 24

According to OpenAI on September 16, CEO Sam Altman will attend the state dinner that U.S. President Trump is hosting for Chinese President Xi Jinping on September 24 in Washington. Reuters reported that Nvidia CEO Jensen Huang is also expected to attend the event, underscoring U.S. tech leaders' participation in the high-level bilateral summit. The dinner comes as the U.S. and China are preparing to hold AI safety talks, including discussions on monitoring AI-driven cyber attacks and informatio
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21:23
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Arc Mainnet Launches with USDC as Gas, Says BitGo

According to BitGo, Arc mainnet is now live with USDC as gas for transactions, marking a significant advancement for stablecoin utility in institutional settings. BitGo's support enables clients to deposit and withdraw USDC and EURC seamlessly across its wallet services on the platform, offering near-instant finality and predictable fees for value movement.
21:22
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Meta Launches Camera-Free Smart Glasses Luna in October, Six Microphones Instead

According to The Information, reported Tuesday, Meta is developing a camera-free smart glasses model internally codenamed Luna, with shipments targeted for October. Luna replaces the camera with six built-in microphones connected to Meta AI and Muse, Meta's newly launched personal AI agent, plus a side activation button and slimmer temples with integrated speakers. Meta may showcase Luna at its Connect developer conference on September 23-24 in Menlo Park, with two styles reportedly planned unde
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21:17
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Trump Administration to Exclude Canadian Goods From $280B U.S. Federal Procurement on September 16

According to the White House, the Trump administration announced on September 16 that it would exclude Canadian-origin goods from U.S. federal civilian government procurement. The move is framed as retaliation against Canada's "Buy Canadian" policy. Canadian companies previously had access to over $280 billion in U.S. government procurement contracts. The U.S. has already imposed tariffs on certain Canadian alcohol, dairy, and automotive products.