Gate Crypto Flash News and Market Updates

According to Korean crypto exchanges including Upbit and Bithumb, multiple altcoins saw significant price swings in the 23-hour period ending Sept. 3 at 8 a.m. EGLD (Elrond) led gainers with a 45.41% surge on Bithumb, while T (Threshold) rose 44.2% on Upbit. Among decliners, BTR (BitLayer) plunged 49.93% on Bithumb and 48.51% on Coinone. Other notable movers included SC (Sia Coin) down 17.6% and BONK down 12.07% on Upbit.

According to NewsNation, Trump spoke with U.S. Defense Secretary Austin on late last night (September 1) to discuss Iran-related matters.

According to IBK Investment & Securities, on September 3 the firm initiated coverage of TCK with a 'buy' rating and 285,000 won ($214) price target. The Seoul-listed chipmaker leads the global silicon carbide (SiC) focus ring market, which is used in semiconductor etching equipment for NAND flash and high-bandwidth memory (HBM) production. IBK analyst Lee Gun-jae cited strong near-term momentum: TCK's first-half revenue reached 190.3 billion won, up 26% year-on-year, while SiC order backlog jump

According to Guru Club, on September 3, Broadcom Chief Executive Officer stated the company believes it will deliver approximately $350 billion in artificial intelligence semiconductors to customers over the next two years.

According to The Information, Nscale, a UK-based cloud service provider, disclosed to potential investors that it now holds approximately $103 billion in contract revenue after securing a $45 billion compute agreement with Anthropic. Prior to the Anthropic deal, Nscale's disclosed contract revenue was around $51 billion. With an average contract duration of 5.7 years, the total contract value translates to approximately $18 billion in annualized revenue.

According to Odaily, XCE, a UK-based executive recruitment company, increased its Bitcoin holdings by 10 BTC to 72.94 BTC through a common stock subscription from strategic investor Adam Back.

According to ADP employment data released on September 2, U.S. private sector employment added 38,000 jobs in August, marking the lowest monthly gain since January and missing market expectations. Following the report, market expectations for a rate hike in September cooled slightly, with investors reassessing the Federal Reserve's monetary policy trajectory.

According to Microsoft, on September 2, the company announced it will begin publicly disclosing Azure's quarterly revenue in U.S. dollars going forward, a shift from previously reporting only year-over-year growth rates. The fiscal 2026 Q4 (June quarter) Azure revenue reached $29.42 billion, representing 42% year-over-year growth. For fiscal 2026, Microsoft's annual Azure revenue totaled $101.9 billion, surpassing $100 billion for the first time. Microsoft also announced a restructuring of its b

Coinbase has launched cryptocurrency derivatives trading in Canada, offering eligible customers access to perpetual and dated futures with leverage of up to 10x. The initial offering includes 23 crypto perpetual and dated futures, five commodity futures, and the Coinbase 50 Index, according to FinanceFeeds. Access is limited to investors with at least $5 million in net financial assets, as well as registered investment advisers and dealers. The contracts use nano-sized positions, allowing users

According to Cathie Wood, CEO of ARK Invest, AI inference token usage has grown 25-fold within one year and continues to expand exponentially. The surge is driven by a sharp decline in AI inference costs, which have dropped over 90%, with some benchmarks seeing 99% annual reductions. Training costs are declining at approximately 75% annually. Wood raised her U.S. real GDP growth forecast to double digits, up from her prior 5% prediction, citing AI-driven productivity gains. Meanwhile, Morgan Sta

According to Bitfinex, Bitcoin is currently trading at the average cost basis of active holders, with 880,000 coins bought near this price point. The level is being closely monitored as it may influence short-term price movements. Traders are watching for potential volatility ahead of Friday's payroll data release, which could impact market sentiment and drive price action.

According to Forbes, on Monday, AfterQuery, an AI training data startup, reached a $3.2 billion valuation in a new funding round—more than ten times its $300 million valuation from five months earlier. Y Combinator partner Gustaf Alströmer called it the fastest run from inception to unicorn status (private company valued over $1 billion) in the accelerator's history. Founders Spencer Mateega, 23, and Carlos Georgescu, 22, created the company in February 2025 and generated annual recurring revenu

According to Korea Securities Depository, Korean retail investors held $5.24 billion in SOXL (Direxion Daily Semiconductor Bull 3X ETF) as of end of August, representing 27.1% of the leveraged fund's $19.3 billion global market cap. On September 1 alone, Korean investors' trading volume in SOXL reached $453.37 million, surpassing all other foreign stocks combined and driving significant price volatility. The surge prompted Blue Ocean, a U.S. alternative trading venue, to halt weekly quote provis

According to Jin10, Estonia's Defense Minister Hanno Pevkur resigned on September 2 evening. He cited political responsibility for management and accounting problems in the defense sector, which were flagged by Estonia's State Audit Office.

In August, U.S. ADP employment data fell short of expectations, while Federal Reserve officials said current interest rates were appropriate. Separately, former President Trump reiterated his intention to strike Iran, causing the yen to surge intraday and triggering speculation about possible intervention.

According to the Bank of Korea, South Korea's foreign exchange reserves rose by $14.33 billion to reach $442.28 billion by the end of August. The central bank attributed the increase primarily to higher foreign currency deposits held by financial institutions, along with higher operating returns and gains from currency conversions of non-dollar assets.

According to E-Daily, U.S. stocks rebounded on September 2 after three consecutive days of decline, with the Dow Jones gaining 0.56% to 53,061.95, the S&P 500 rising 0.46% to 7,666.60, and the Nasdaq advancing 0.45% to 26,217.83. The 10-year Treasury yield retreated to 4.793% from intraday highs, and WTI crude oil gained approximately 1% to $91.01 per barrel, with Brent crude at $95.63. New York Federal Reserve President John Williams signaled that September rate hikes are not assured, citing co

According to NEWSIS, KOSPI-related futures rose 1.40% overnight on September 2-3, 2026, following a 3.99% decline the previous day, as U.S. Treasury yields stabilized and technology stocks rebounded. The S&P 500 index gained 0.46% to 7,666.60, while the Nasdaq Composite advanced 0.45% to 26,217.83, according to CNBC. AI-related stocks led the rally, with Dell surging 15.81%, Nvidia up 3.21%, and Micron and Qualcomm rising 2.43% and 2.01% respectively. WTI crude oil futures also rose approximatel

According to Daishin Securities analyst Park Gang-ho on September 2, Samsung Electro-Mechanics (009150) is expected to deliver Q3 operating profit of 636.3 billion won, up 144.5% year-over-year and exceeding both the prior estimate of 613 billion won and market consensus of 596 billion won. The brokerage maintained its "Buy" rating and 2.8 million won price target, citing intensifying supply shortages of AI-focused flip chip ball grid arrays (FCBGA) and multilayer ceramic capacitors (MLCC) as ke