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
10:49
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OpenAI Slashes GPT-5.6 Luna Price 80% in July, Usage Surges 10x; Anthropic Cuts Fable Cache Costs 75%

According to OpenAI CFO Sarah Friar, GPT-5.6 Luna's usage increased 10-fold following an 80% price cut in late July. Luna API pricing now stands at $0.20 per million input tokens and $1.20 per million output tokens. By mid-August, Luna's token usage on OpenRouter exceeded the combined volume of Anthropic Opus 5 and Sonnet 5 by more than double, aided partly by an additional 50% discount OpenAI offered through OpenRouter. Anthropic responded by cutting cache-read costs by 75% for its newly releas
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10:47
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Hyperliquid User's Account Compromised, 738,600 USDC Stolen Overnight

According to ChainCatcher, a Hyperliquid user's account was compromised yesterday, with approximately 738,600 USDC stolen and 10,287 HYPE tokens unstaked. Part of the stolen funds flowed to addresses associated with Bitget. At the time of reporting, the 10,287 HYPE remained in the staking balance and had not entered the withdrawal queue. If the attacker initiates further withdrawals, the assets will be transferred after a seven-day waiting period.
HYPE1.90%
USDC-0.01%
10:46
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Alibaba Denies Report of Dingding Founder Wu Zhao Returning to Qianwen Office

According to Alibaba's statement, the company denied recent media reports claiming that Dingding founder Chen Hang (Wu Zhao) has rejoined Alibaba and was assigned to the Qianwen Office business unit. Alibaba confirmed that Wu Zhao has not returned to Qianwen Office. In June 2026, Alibaba announced management changes at Dingding, with Chen Hang stepping down as CEO and Chen Yusen taking over the role. Both Dingding and Qianwen Office now operate under the Qianwen Office business unit.
10:42
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Whale 0x7378 Profits $14.93M from VVV and LIT in 6 Months

According to Lookonchain, whale 0x7378 profited $14.93 million from VVV and LIT positions as of September 9. The address purchased 102,189 VVV at $7.87 six months ago and sold 92,189 tokens at $25.75 today for $2.37 million in realized gains on VVV, while holding 10,000 tokens worth $259,500. Over the past three months, the whale spent $11.3 million at an average price of $2.39 to accumulate 4.74 million LIT tokens, currently valued at $24.4 million with unrealized gains of $13.1 million.
LIT8.10%
10:39
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Iran's Judicial Chief Cancels Planned Seoul Visit Amid U.S. Defense Talks

According to Yonhap News Agency on September 9, Iran's Judicial Chief canceled a planned visit to Seoul scheduled for next week, where he was set to attend a conference. The cancellation comes as South Korea's government reviews a U.S. proposal regarding military deployment to the Strait of Hormuz.
10:39
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FinChip and AgentOn Merge to Form Finch, Complete $50M Pre-A Funding Today

According to ChainCatcher, FinChip and AgentOn announced a merger agreement today to form a unified company branded as Finch, simultaneously completing a pre-A funding round at a $50 million valuation. Water Drop Capital, Peer VC, and other institutions participated in the round. Finch had previously received investments from Long Leader Capital, ME Group, and X INFINITY.
ME1.32%
10:35
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Shanghai Copper Hits 112,000 CNY on September 9 as Global Stock Risks Mount

According to China Minsheng Bank Futures, copper prices hit 112,000 CNY on the Shanghai Futures Exchange on September 9, marking the highest level of the session. The rally was driven primarily by tight global inventory rather than tariff concerns. LME copper inventories fell by 1,900 tonnes, with the Busan warehouse recording the steepest decline. The LME-COMEX spread narrowed to 270 USD per tonne, while LME registered warehouse receipts slipped to 50.5%. Spot copper premiums softened to 130 CN
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10:30
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Bitcoin SOPR Maintains Above 1.002 for Three Weeks, Creating 2026's Longest Bull Signal

According to ChainCatcher, Bitcoin's Spent Output Profit Ratio (SOPR) has remained above the breakeven point of 1 for three consecutive weeks since August 19, marking 2026's longest bullish period. CryptoQuant data shows SOPR currently stands at 1.002, indicating that most bitcoins being transferred on-chain are in a profitable state. Checkonchain analysis noted that the short-term holder SOPR structure is beginning to resemble an early bull market recovery pattern rather than a bear market rall
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BTC0.30%
10:29
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Israeli Military Destroys 3 Weapons Storage Facilities and Rocket Launcher Site in Gaza on Sept. 8

According to Jin10, the Israeli Defense Force and National Security Bureau conducted airstrikes in Gaza on September 8, destroying three weapons storage facilities used by Hamas and Palestinian Islamic Jihad, as well as one rocket launcher site previously used to fire rockets into Israeli territory. The seized weapons included dozens of items of various types, including rockets and Kalashnikov rifles. The military said it recently discovered armed Hamas members visiting these facilities to retri
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10:26
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South Korea Allows Delisted Firms to Transition to KONEX Market, 43 of 97 at-Risk Companies Eligible

According to Korea Exchange, on September 9, the South Korean government introduced a policy allowing companies facing delisting due to insufficient market capitalization to transition to the KONEX market while maintaining their existing stock prices without liquidation. Companies are eligible if they meet one of two conditions: two of the past three years of operating profit were positive, or one year's operating profit was positive with equity of at least 20 billion won. As of August 26, 43 ou
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