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
17:51
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Strive Buys $109 Million in Bitcoin, SATA Preferred Stock Nears $1 Billion

According to CEO Matt Cole, Strive purchased 1,375 BTC for $109 million between Aug. 31 and Sept. 4 at an average price of $79,281 per coin, lifting its total holdings to 24,531 BTC. The purchases were funded primarily through SATA, Strive's Variable Rate Series A Perpetual Preferred Stock, which now has $999 million in notional value outstanding—approaching the one-billion-dollar milestone. Strive's Bitcoin stack grew 5.9% week over week and 21.1% over the past three weeks, marking the third co
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BTC-0.67%
17:42
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Robinhood Blockchain Could Generate $160M Annual Fees by 2028, Bernstein Says

According to Bernstein analysts, Robinhood's blockchain could generate as much as $160 million in annual fees by 2028 as tokenized stock trading expands on the network. Tokenized equities now account for about 27% of total trading volume on the chain since its July 1 launch, up from near-zero share at inception, while memecoin trading fell to 36% from roughly 100%. The chain generated approximately $2.13 million in daily fees over the latest 24-hour period.
MEME2.50%
17:41
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Brent Crude Oil Crosses $100 Per Barrel on Tuesday After Houthi Attacks on Saudi Refinery

Brent crude briefly crossed $100 a barrel on Tuesday (Sept 8), marking its first move above the level in roughly three months, as Houthi attacks on Saudi energy infrastructure in the Jazan area raised supply concerns. The Saudi Aramco refinery targeted in the attacks has a daily processing capacity of approximately 400,000 barrels. Goldman Sachs raised its oil forecasts and warned that Brent could exceed $120 a barrel if average Gulf production in 2027 remains 4 million barrels per day below pre
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17:41
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Ripple Arrives at Stablecon Before Sept. 15 Vote With RLUSD at $2.40B, Already Regulated

Ripple is attending Stablecon USA in Washington, D.C. on Sept. 9–11, just days before the Senate's expected Sept. 15 vote on the CLARITY Act. Ripple USD has reached approximately $2.40 billion in circulation as of Sept. 3, backed by $2.52 billion in reserve assets and already approved for issuance under New York's Department of Financial Services stablecoin framework. The OCC granted conditional approval for Ripple National Trust Bank in December 2025, placing RLUSD reserve operations under fede
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17:41
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Polymarket Launches In-App Social Feature Squads for Community Trading

According to Foresight News, Polymarket has launched an in-app social feature called Squads, enabling users to discuss markets, share positions, and trade directly on the platform. Squads allows users to create private groups, invite friends, and collaborate by sharing portfolio allocations and trading strategies.
17:31
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Intel Stock Jumps 9% on CPU Price Hike Plan, Adding $3.4B to U.S. Stake

According to DigiTimes, Intel shares jumped 9% on Tuesday as a reported 10% CPU price increase added $3.4 billion to the U.S. government's stake in the chipmaker. INTC traded near $103.60 during the session. Northland Securities upgraded Intel to Outperform with a $120 price target, citing material progress in the company's turnaround and tight server CPU supply.
17:31
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U.S. Household Unemployment Expectations Hit Six-Year High at 44.4%, Financial Conditions Deteriorate

According to a Tuesday survey by the New York Federal Reserve, U.S. households' expectations for unemployment in the next year climbed to 44.4% in August, marking the highest level since April 2020, amid broader concerns about deteriorating personal finances. The share of respondents citing their household finances as "much worse" or "somewhat worse" compared to a year ago rose to 38.6% from 37.6% in July, while those expecting financial conditions to worsen in the coming year increased to 32.6%
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17:19
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Robinhood Takes Equity Stakes in Crypto.com and OG.com on Tuesday

According to Tuesday's announcement, Robinhood took equity stakes in both Crypto.com and its newly spun-off prediction market platform OG.com as part of a multi-year infrastructure deal. Beginning Tuesday for eligible US customers, Robinhood will route retail event contracts through OG.com's CFTC-regulated derivatives exchange and clearinghouse. The stakes were priced at valuations established by Citadel Securities' earlier investment, with holdings size not disclosed. OG.com separated from Cryp
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OG-0.94%
17:16
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Cronos Reverses $111.2 Million Tectonic Exploit by Erasing 1 Hour 54 Minutes of Transactions on August 30

According to Cronos' post-mortem published Monday, the network rolled back its blockchain on August 30 to reverse approximately $111.2 million tied to a Tectonic lending protocol exploit. The reversal erased 1 hour 54 minutes of settled transactions, including legitimate activity unrelated to the attack. Approximately $9.19 million had already left the network before validators halted it at 9:32 a.m. EST and remains unrecovered. Cronos' developers prioritized protecting roughly 92% of affected f
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CRO4.84%
17:12
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LIT Surges 72.64% in 60 Minutes to $0.243864 Amid Altcoin Volatility

In the last hour, LIT's price surged 72.64% to $0.243864, rising from an intra-hour low of $0.141259. This sharp move contrasts with the token's 24-hour decline of 33.10%, with current trading volume at $95.56, indicating the spike occurred on thin liquidity. LIT's market cap stands at approximately $11.01 million, with its 24-hour trading range between $0.137539 and $0.374511.
LIT4.93%
17:11
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API3 Allocates OEV Revenue and Staking Yields Into Recurring Market Purchases

According to API3's official announcement, the decentralized oracle network has allocated revenue from OEV, curator fees, and ETH staking yields into recurring market purchases, following an approved DAO proposal. The strategy aims to strengthen the protocol's treasury reserves and enhance liquidity to support future operational needs.
API30.25%
ETH0.10%
17:09
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Iran's IRGC Claims to Capture Advanced U.S. Unmanned Submarine in Strait of Hormuz on Sept 8

According to Iran's Nour News, Iran's Islamic Revolutionary Guard Corps (IRGC) claimed on September 8 to have captured one of the U.S. military's most advanced unmanned submarines at the entrance of the Strait of Hormuz. The IRGC stated in an official announcement that its forces used sophisticated surveillance capabilities to trap the submarine early that morning. The IRGC said the vessel was equipped with cutting-edge technology and was delivered to the U.S. Navy fleet in 2025. The organizatio
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17:07
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AT&T Partners With Amazon Leo to Integrate Satellite Broadband Services With 5G Networks for Enterprise

According to AT&T, on Tuesday, the company partnered with Amazon to integrate Amazon Leo's low-Earth-orbit satellite services with its fiber and 5G networks, becoming the first major U.S. telecommunications provider to combine these technologies for enterprise and public sector customers. Amazon Leo has already deployed 392 satellites, with 315 in the correct operational orbit, and has secured contracts including a partnership with Delta Air Lines. The service, which began enterprise previews in
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17:04
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Intel Shares Jump 9% on Tuesday as Cramer Names It a Top-6 Buy Stock

According to Jim Cramer, Intel shares jumped 9% on Tuesday as positive developments strengthened the chipmaker's turnaround case. The stock now trades above the $95 price of its recent equity offering. Cramer called Intel one of his "top six of the stocks I want you to buy" during Tuesday's Morning Meeting. DigiTimes reported Intel is preparing to raise CPU prices in October, signaling pricing power amid rising demand for AI server infrastructure. Intel and semiconductor equipment maker ASML ann
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