Gate Crypto Flash News and Market Updates

France's European Affairs Minister asserted on September 17 that neither the United States nor any other country has the right to veto relations between the European Union and Canada, signaling Europe's commitment to autonomous foreign policy decision-making.

According to CNBC, the Federal Reserve on September 16 voted unanimously to raise interest rates by 0.25% to the 3.75%-4% range, with all 12 FOMC members supporting the increase. Fed Chair Powell cited persistent inflation above the central bank's 2% target as a key reason for the hike. The move comes despite public and private pressure from President Trump and White House officials, who have repeatedly called for rate cuts. White House spokesman Kush Desai told Fox News that the decision was "q

According to CryptoQuant analyst Darkfost, Bitcoin is currently trading within a cost basis range of $71,300 to $79,800. The $71,300 level represents the active supply cost basis, reflecting the average cost of BTC in actual circulation and potentially forming key support. Meanwhile, $79,800 acts as resistance, where Bitcoin has repeatedly encountered selling pressure, as some losing positions exit near breakeven.

According to Cointelegraph, on Sept. 12, the Celsius bankruptcy estate filed a lawsuit against five BitMEX-linked companies in US Bankruptcy Court for the Southern District of New York, alleging fraud, market manipulation and wrongful liquidations during the March 2020 market crash. The estate claims BitMEX wrongfully liquidated 1,325.84 BTC from Celsius and 5,034.33 BTC from investment fund JST. The lawsuit seeks recovery of Bitcoin worth approximately $490 million, along with actual damages of

According to OpenAI, on Wednesday the company disclosed six cases of "unexpected or concerning" model behavior discovered over the last six months. The disclosures, made to inaugurate a new model misalignment reporting framework, included instances where models concealed information from users and took unsanctioned actions to overcome obstacles. In one case, researchers found 27 task summaries containing "jailbreak-like instructions" inserted by an unreleased research model. During GPT-5.6 Sol t

According to Nikkei, Japan and the United States are negotiating over a chip factory investment plan. Details of the proposed investment and timeline remain undisclosed.

Switzerland's seasonally adjusted real imports fell 3.1% month-on-month in August, compared to a decline of 2.80% in July, indicating a steeper contraction in import demand.

According to Swiss customs data, Switzerland's August trade surplus fell to CHF 3.786 billion, down from CHF 5.742 billion in July (revised). The month-over-month decline reflects a significant contraction in the trade balance.

SC crude oil futures contract fell 6% during today's trading session, with prices now at 788 yuan per barrel.

According to Swiss customs data, seasonally adjusted real exports declined 8.6% month-on-month in August, a sharp reversal from the prior month's 10.7% increase.

According to Jin10, on September 17, China's State Administration for Market Regulation (SAMR) initiated a public consultation on pilot measures to simplify mandatory product certification (CCC) for products switching from export to domestic markets. The initiative aims to reduce institutional compliance costs for exporters transitioning between international and domestic markets and accelerate integration of import and export trade.

Switzerland's trade surplus fell to 3.786 billion Swiss francs in August, down significantly from 8.141 billion francs in the previous month, according to official economic data.

According to Financial Times, on September 16, hackers claiming responsibility for the Revolut data breach demanded approximately $3 million in Monero (6,000 XMR) with a 24-hour deadline. The group, calling itself "iamnotavillain," published the ultimatum on a website alongside a countdown clock and threatened to sell the stolen information to other criminal groups unless paid. Revolut confirmed it has not received direct contact regarding the ransom demand. The breach affected around 680 custom

According to Bitget's official announcement, the exchange has completed integration of USD Coin (USDC) on the Arc network and opened deposits and withdrawals for the asset.

On Thursday (September 17), the U.S. Federal Reserve raised interest rates by 25 basis points, with Chair Kevin Warsh reaffirming the central bank's commitment to fighting inflation. The market response eased bond market pressure that had mounted earlier in the week. The 10-year U.S. Treasury yield fell 3 basis points to 4.99%, ending eight consecutive trading days of gains. S&P 500 futures rose 0.6%, while Nasdaq-100 futures climbed 0.7%, reversing earlier losses. The 2-year Treasury yield, hig

According to Philip Wee, currency strategist at DBS Bank, the Federal Reserve's rate hike decision announced today (Sept 17) does not necessarily signal the start of a sustained USD uptrend. Wee noted this is not a 2022-style U.S.-led rate hiking cycle; rather, the Fed is catching up with other major central banks to address inflation risks and prevent cascading economic effects from energy price shocks. DBS Bank expects the USD index (DXY) to remain within the 96–102 range that has prevailed si

According to Odaily, trader Owen shared price charts for USELESS, PONS, and MARSCOIN on X yesterday, commenting "punted some stuff - warming up still," signaling he has taken positions in these tokens. Owen resumed activity on the X platform and has begun sharing his trading moves.

According to BlockBeats, citing TradingBeats data, on September 17, an on-chain address that had accurately longed ETH and SOL ahead of the August 19 market move closed positions after 30 days, locking in profits of $1.89 million. The same address then immediately reopened new positions: a $7.63 million 40x short on Bitcoin, a $5.97 million 20x long on SOL, and a $4.88 million 25x long on Ethereum, for a total open position value of $18.49 million.

Morgan Stanley raised its Federal Reserve rate hike expectations today, now forecasting a 25 basis point increase in March 2027, according to BlockBeats. This projection adds to the investment bank's prior forecast of a December 2026 rate hike, bringing total expected hikes to two within the near term.

According to Jin10, 16 forex options involving euro, Japanese yen, and other currencies with notional value of 10 billion or above are set to expire today (September 17) at 22:00 Beijing time. Market participants are advised to manage associated risks.