Gate Crypto Flash News and Market Updates

According to a Sept. 3 letter from National Sheriffs' Association (NSA) President Sheriff Troy Wellman and Executive Director Justin Smith, the organization changed its position to neutral on the CLARITY Act, representing 3,081 sheriffs and approximately 10,000 public safety professionals. The shift removes a prominent law enforcement objection ahead of the bill's scheduled Senate procedural vote on Sept. 15. The NSA stated that stepping back would allow lawmakers to continue developing a regula

According to the U.S. Commodity Futures Trading Commission (CFTC), speculators' net long positions in COMEX gold declined by 10,504 contracts to 140,811 contracts during the week ending September 1, marking the lowest level in four weeks.

According to the U.S. Commodity Futures Trading Commission (CFTC), speculators increased their net long positions in NYMEX WTI crude oil by 15,046 contracts during the week ending September 1, bringing the total to 119,619 contracts—the highest level in 12 weeks.

According to U.S. Treasury Secretary Scott Benson, oil prices could plummet to $40 per barrel once the Iran conflict concludes, potentially bringing bond yields down from recent multi-year highs. Speaking in a Friday interview with Steve Bannon, Benson stated, "Once we get through this Iran conflict, I expect oil to come down. We're going to see a very significant oversupply situation in the oil market. With significant new supply coming online, crude could drop to $50, even $40 per barrel."

According to the U.S. Commodity Futures Trading Commission (CFTC), speculators reduced their net short positions in ultra-long-term U.S. Treasury futures on the Chicago Mercantile Exchange by 36,734 contracts during the week of September 1, bringing the total to 369,311 contracts.

On Friday (September 4) in New York, the U.S. dollar rose 0.26% against the Japanese yen, closing at 156.22, while declining 2.41% for the week. The currency pair traded within a range of 160.39–155.30 yen. The euro weakened 2.18% against the yen for the week, while sterling fell 2.56% over the same period.

On Friday (September 4) in New York's closing session, the ICE Dollar Index rose 0.26% to 99.165 points, declining 0.54% for the week with a trading range of 99.863-98.831 points. The Bloomberg Dollar Index gained 0.07% to 1,190.56 points, down 0.68% for the week, trading between 1,200.13 and 1,188.58 points.

According to Guangdong High Court's top 10 commercial and financial cases released on August 28, a Chinese court recognized bitcoin and other virtual assets as civil law property, though not recognized as currency. In a digital asset return dispute heard by Guangzhou Intermediate Court, Party A lent one bitcoin to Party B on July 1, 2023, with repayment due July 3. When Party B failed to return the bitcoin, the court ruled that while the repayment agreement was invalid, Party B must compensate P

According to the IMF on September 3, the organization confirmed that El Salvador did not use public funds to acquire additional Bitcoin after its first review. The IMF reached a staff-level agreement with El Salvador on the combined 2nd and 3rd reviews under the Extended Fund Facility arrangement, noting that all newly acquired Bitcoin was funded through private donations. The government's digital wallet Chivo also saw significant reduction in public sector participation, with majority stake and

According to Park Sang-hyuk, Editor-in-Chief of Digital Assets, Bitcoin broke through $82,000 on September 4, marking a 4-month high since May. The surge was driven by easing concerns about U.S. Federal Reserve rate hikes, following comments from Fed official Christopher Waller indicating support for a hold on rates if inflation data remains stable. Market participants interpreted this as a signal of reduced rate hike pressure, prompting gains across major risk assets including Bitcoin.

According to Korea Securities Depository (KSD), on Sept 4, the agency released standard requirement guidelines for distributed ledgers supporting token securities transactions. Under the guidelines, no single entity is permitted to control over 50% of node shares in the distributed ledger. Additionally, at least three independent institutions must participate in consensus validation to prevent centralization of approval authority. Participants are limited to electronic registration institutions

According to South Korea's Financial Services Commission (FSC), on September 4, the FSC and Korea Exchange (KRX) announced plans to launch tokenization pilot programs for listed stocks. The initiative will reference pilot programs from the New York Stock Exchange (NYSE) and NASDAQ. The FSC stated it will combine model validation with live pilot operations centered on KRX. NYSE is advancing tokenization of U.S. listed stocks and exchange-traded funds (ETFs) in coordination with the Depository Tru

According to an official statement released on September 3, Nasdaq-listed Eightco Holdings increased its WLD token holdings by approximately 18.52 million in two months. As of September 2, the company held about 302.07 million WLD tokens, up from approximately 283.45 million in July, representing a 6.5% increase. Eightco noted that its WLD holdings now represent approximately 8.3% of total circulating supply, making it the largest publicly identified institutional holder globally.

According to Populis, Robinhood Chain surpassed $4.1 million in daily fee revenue in early September, roughly two months after launch. The performance exceeds Hyperliquid by approximately 2x and outpaces Tron and Solana by 5-6x. At one point, Robinhood Chain accounted for nearly two-thirds of total fee revenue across Ethereum layer-2 networks.

According to the Financial Services Commission on September 4, residential properties have been excluded from the underlying assets of non-financial trust revenue securities offerings. The measure aims to maintain financial market stability and protect public order. Additionally, the FSC prohibited commercial real estate intended for residential use, assets related to gambling industries, and other assets deemed to have significant socio-economic side effects from serving as underlying assets.

According to data as of Sep 4, 6:30 PM KT, Bitcoin traded at an average premium of 0.43% against Binance across four major South Korean exchanges. Upbit showed the highest premium at 0.49%, while Coinbit recorded the lowest at 0.38%. Ethereum and XRP also displayed positive premiums ranging from 0.38% to 0.56% across the exchanges, with USDT averaging 0.33% to 0.40% premium.

According to Financial Supervisory Service announcement on September 3, Oceans Corp (operator of cryptocurrency exchange Probit) faced 330 million won in fines and one disciplinary notice for breaching the Virtual Asset User Protection Act. The violations included failing to establish customer deposit management contracts for approximately 370 million won in user funds, and failing to segregate 4.3 billion won in company digital assets from 2.14 billion won in customer assets across 20 digital a

China's onshore yuan (CNY) closed at 6.7108 against the U.S. dollar early this morning (September 4), up 70 pips from Thursday's night session close. Trading volume reached 358.9 billion U.S. dollars.

According to Reuters, the U.S. and China are preparing a dedicated bilateral dialogue in mid-September to address artificial intelligence-led cybersecurity risks, ahead of a high-level summit between President Donald Trump and Chinese President Xi Jinping scheduled for September 24. Led by U.S. Treasury Secretary Scott Bessent, the American delegation aims to propose joint cooperation mechanisms to monitor autonomous AI-driven cyber threats. Key proposals include asking frontier AI laboratories