Gate Crypto Flash News and Market Updates

According to The Block, the Blockchain Association and Crypto Council for Innovation filed a motion for preliminary injunction on September 9 in Illinois Sangamon County Circuit Court, seeking to halt the state's new 0.2% digital asset transaction tax before it takes effect. Illinois Governor J.B. Pritzker signed the Digital Asset Tax Act this summer, with the tax scheduled to begin January 2027. The two organizations argued in the 34-page motion that the tax is unprecedented and has caused "irr

According to statements on Sept 10, the United States and Venezuela announced a historic agreement to jointly develop the South American nation's oil fields. President Trump declared at the Republican National Convention that Venezuela's proven reserves of 6.5 billion barrels are sufficient for American consumption for 500 years, calling the deal potentially the largest in U.S. history. The partnership will span 17 strategic oil fields with investment exceeding $100 billion and is expected to ge

According to Money Today, South Korea's KOSPI index fell below 7,000 on September 10, dropping 115.37 points (1.64%) to 6,936.27 amid heavy net selling by foreign and institutional investors. Foreign investors net-sold 496 billion Korean won while institutions sold 962.7 billion won, compared to individual investors' net purchases of 858.1 billion won. The decline was driven by overnight U.S. market weakness, elevated global oil prices surpassing $100 per barrel, and U.S. Treasury yields exceedi

According to a statement from the Dominican Foreign Ministry via Jin10, Nicaragua decided on September 9 to close its embassy in the Dominican Republic. The ministry noted that on July 23, it recalled its ambassador to Nicaragua for consultations, after which its embassy in Managua has been operated by a temporary chargé d'affaires. The Dominican Republic stated it will continue monitoring bilateral relations through established diplomatic channels and conventions.

According to Canadian Foreign Minister Anand, Ukrainian President Zelenskyy will visit Canada this week to meet with the country's cabinet and citizens. The discussions will focus on strengthening Ukraine's defense capabilities, supporting its reconstruction and energy security, and advancing a just peace.

According to ChainCatcher, DeepSeek V4.1 Flash has launched on the App with its "Fast," "Expert," and "Image Recognition" modes merged into a single interface. Users no longer need to manually switch modes; the model now handles everyday conversations, image understanding, and complex problem-solving natively through multi-modal support. DeepSeek stated that V4.1 Flash outperforms V4 Pro across performance, cost, and speed metrics and will take over all V4 Pro requests until V4.1 Pro launches.

According to Mirae Asset Securities, top 1% traders (measured by 1-month return) net sold SK Hynix, Samsung Electronics, and Samsung Electro-Mechanics as of 11 a.m. on September 10. SK Hynix declined 0.97% to 1.838 million won, Samsung Electronics fell 1.48% to 265,500 won, and Samsung Electro-Mechanics dropped 3.35% to 1.357 million won. The selling pressure followed weakness in U.S. equity markets amid Middle East geopolitical tensions, though SK Hynix ADRs surged over 7% overnight on Wall Str

According to BlockBeats, Arc Chain will launch on September 16 as market participants await the next catalyst following a cooling in on-chain activity driven by Robinhood Chain this week. NFT marketplace OpenSea and meme coin platform Fomo have announced plans to support Arc Chain immediately upon launch. Circle co-founder Jeremy Allaire responded positively to Fomo's announcement, signaling potential support for the crypto-native community. Arc, a blockchain network developed by stablecoin issu

According to sources familiar with the matter, Hangzhou-based AI startup DeepSeek has hired underwriters including Citic Securities for a domestic initial public offering on Shanghai's Star Market this year. The company is working to complete a pre-IPO funding round that could value it at approximately 500 billion yuan (US$74 billion) before the investment. DeepSeek aims to launch the listing process before year-end on the Star Market, Shanghai Stock Exchange's technology-focused board.

Intel stock rallied for two consecutive trading days, surging 9.05% on September 8 and gaining an additional 1.69% on September 9 to close at $106.24. The two-day advance outpaced broader market declines, with the S&P 500 falling 0.48% on September 9. According to DigiTimes, Intel may raise personal computer CPU prices by up to 10% in October and discontinue lower-margin Small Core products. The rally was fueled by multiple catalysts: Intel's $20 billion equity offering at $95 per share, Nvidia'

According to Seoul Economic Daily, KRWQ, a Korean won stablecoin issued overseas, removed tokenized Korean government bonds (Stablebond / KTB) from its reserve assets on September 10, approximately six months after adding them in February. The move followed concerns over potential money laundering issues. New Korea Securities, which co-issued KTB with tokenization platform Etherfuse, stated: "After learning KTB was used as reserve assets, we determined this could pose problems and requested its

According to Solana's Anza development team, mainnet Beta transactions V1 will activate at epoch 1035, expected around September 15 at 1:20 UTC. The ecosystem team requires additional time for testing and integrating V1 support. V1 is now live on devnet for integration testing. In V1, compute budgets are set through new transaction configurations. Compute budget instructions remain usable in legacy and V0 transactions but will not take effect in V1. Application developers should verify how these

According to Ark Invest Tracker, ARK Invest added 43,091 Meta Platforms shares worth approximately $28.13 million on September 9 through its ARKK and ARKW ETFs. ARKK purchased 38,304 shares while ARKW bought 4,787 shares.

According to market observers, Apple's iPhone 18 Pro pricing fell short of expectations on September 9, with the base model (256GB) starting at 9,999 yuan in China, below Bank of America Securities' projected increase of $150-$200. Despite the use of the first 2-nanometer A20 Pro chip driving higher production costs, the modest price hike has sparked investor concerns about margin compression in the consumer electronics sector amid rising supply chain expenses. Apple's stock declined 0.28% on th

According to Financial News on September 10, South Korea's revised capital market law introducing the K-Bear Hug mechanism does not specify criteria for determining a bona fide offer in the draft legislation, raising concerns among regulators and investment banks. The revised law requires listed company boards to disclose acquisition proposals and review plans if accepted, yet the definition of what constitutes a genuine acquisition bid—initially discussed during earlier legislative drafting—was

According to Digital Daily, JR Global Reits faces a critical deadline on December 31 when its loan-to-value (LTV) ratio on Belgium's Brussels Finance Tower will tighten to 50% from the current approximately 61%. Based on a stable building valuation of EUR 920 million, the company would need to repay an estimated EUR 85-95 million in senior debt to meet the stricter requirement. The adjustment follows an August 8 UK High Court ruling upholding the EUR 920 million property appraisal. The firm's se

According to data from South Korea's Financial Supervisory Service cited by E-Daily, retail investors trading single-stock leverage products on Samsung Electronics and SK Hynix since the May 27 launch through end of August posted an average loss of -30.43%, significantly underperforming the broader KOSPI index (-15.25%) and KOSDAQ (-28.85%). The underperformance stems from the products' structural mechanics. These instruments daily rebalance to target 2x the underlying asset's daily return, but

According to Herald Economy, on September 9, South Korean individual investors sold a net 16.8 trillion Korean won in equities over five trading days (September 3-9) as the KOSPI rebounded to above the 7,000 level. The selling surge peaked on September 7 with a net sale of 6.6 trillion won, marking the largest single-day retail outflow this year. Samsung Electronics and SK Hynix accounted for 14.3 trillion won, or 85% of total retail selling activity. Simultaneously, retail investors bought inve

According to PANews, on September 10, Apple discontinued the iPhone 17 Pro series and raised prices across multiple in-stock iPhone models. The iPhone Air 256GB and 512GB variants saw price increases of 800 yuan, while the 1TB model rose 2,300 yuan. The iPhone 17 and iPhone 17e each increased by 800 yuan, and the iPhone 16 128GB version by 600 yuan. Apple's official customer service attributed the hikes to rising material costs and confirmed the iPhone 17 Pro will not return to shelves.

According to Shanghai Steel Union, battery-grade lithium carbonate (MMLC) futures fell to 142,850 yuan per ton in early trading today (September 10), down 100 yuan per ton from yesterday's 4:30 p.m. close.