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
21:52
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Eight U.S. Banking Groups Demand Tighter Stablecoin Reward Limits in Clarity Act

Eight banking trade groups urged Senate leaders on Monday to tighten stablecoin reward restrictions in the Clarity Act, arguing that current exceptions could allow interest-like payments that draw deposits from banks. In a letter to Senators John Thune and Chuck Schumer, the groups—including the American Bankers Association, Bank Policy Institute, and Independent Community Bankers of America—called for removing language that permits rewards tied to customer balances, duration, or tenure. They al
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21:44
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Costco Raises Motor Oil Prices to $57.99, Limits Member Purchases to 2 Units Per Week

According to the Associated Press, Costco has restricted member purchases and raised prices on motor oil as of September 15. The company's Kirkland Signature synthetic oil two-pack now costs $57.99, a significant increase from the typical price of approximately $30. Members can purchase a maximum of two units per account every seven days. Mobil 1 six-packs are also subject to purchase limits, with a six-quart case priced at $43.99 and restricted to five units per member account. Costco has not y
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21:43
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PayPal Climbs to No. 1 in Roundtable 100 Tech Rankings

According to Roundtable 100, PayPal Holdings (Nasdaq: PYPL) moved up three places to No. 1 in this week's tech power ranking. The payments company climbed the rankings as the committee weighed its profit outlook, share repurchases, and plans for the PYUSD stablecoin against slower user growth and competitive pressures. PYUSD, PayPal's stablecoin, has a market value of approximately $2.76 billion and represents 0.91% of the total stablecoin market, according to DeFiLlama.
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21:42
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Swiss Bitcoin Pay Shuts Servers After Detecting Suspected Unauthorized Access on September 14

According to Swiss Bitcoin Pay, the Switzerland-based payment provider temporarily shut down its servers on September 14 after detecting suspected unauthorized access to its internal systems. Potentially exposed data includes customer email addresses, Bitcoin addresses, IBANs, transaction histories and password hashes. The company stated that merchant private keys show no evidence of compromise and customer funds remain safe, with amounts owed to users to be returned in full. No timeline for ser
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BTC1.87%
21:38
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Senate to Vote Tuesday on Final Clarity Act Draft Addressing Trump Ethics, Developer Protection

The U.S. Senate will vote Tuesday on September 16 to advance the Clarity Act, sweeping cryptocurrency legislation, after Senate Republicans released a final draft addressing three major sticking points: President Trump's crypto conflicts of interest, stablecoin rewards, and software developer protections. The bill requires 60 votes to advance to the next stage. The latest version introduces state attorneys general enforcement for ethics violations, an 18-month "circuit breaker" on stablecoin rew
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21:31
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Roundhill Memory ETF Sees $1.97B Outflows Over 14 Consecutive Trading Days

According to ETF Db, Roundhill Memory ETF (DRAM-US) experienced $1.97 billion in net outflows over the past 30 days, with capital flows negative for 14 consecutive trading days. The ETF's assets under management fell to $26.9 billion. DRAM closed at $59.10 last Friday, down 27% from its 2026 high and entering technical bear market territory. Major holdings including Samsung Electronics and SK Hynix declined 30% and 40% respectively from their yearly peaks.
21:31
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Tanker Rental Costs Surge to Record $1M per Day Amid Hormuz Strait Disruption

According to London Baltic Exchange data, tanker rental costs for the industry benchmark route have surged to over $1 million per day for the first time, driven by insufficient available tankers willing to transit the Strait of Hormuz amid escalating tensions. U.S. Energy Secretary Wright reported that over 12 million barrels of crude oil passed through the strait on the latest day, with average daily flow standing at 10 million barrels. The unprecedented rental spike reflects heightened risk pr
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21:28
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U.S. Hyperscalers Index Rises 1.05% to 98.94 on Monday, September 14

On Monday, September 14, the U.S. Hyperscalers Index (tracking major cloud computing companies) rose 1.05% to 98.94. Among its components, Alphabet (Google A) gained 3.22%, Meta climbed 2.71%, and Microsoft increased 1.97%. Amazon declined 1.26%, while Oracle fell 3.65%.
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21:23
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MRA CEO Warns S&P 500 Could Face 8-10% Correction Amid Fed Rate Hike Cycle

According to Jin10, MRA CEO Dean Curnutt warned on September 15 that a Federal Reserve rate hike cycle could pressure the S&P 500, with a potential 8-10% correction expected. Curnutt noted that rising energy costs and recent inflation data have pushed the U.S. 10-year Treasury yield above 5% for the first time since 2023, increasing market expectations for Fed rate hikes. He cautioned that rate increases could compress profit margins for companies unable to pass costs to consumers, posing risks
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21:22
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NEAR Protocol Emphasizes Data Privacy as Baseline Expectation, Post Gets 334 Likes

According to NEAR Protocol's latest X post, the blockchain platform emphasized that confidentiality should be a baseline expectation for any system holding identities, particularly in financial and AI applications. The post received significant community engagement, garnering 334 likes and 48 retweets, reflecting strong interest in data privacy discussions within the crypto space.
NEAR7.01%
21:21
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Iran Refuses U.S. Dialogue Until Conditions Are Met, SNSC Secretary Says

According to Iran's Supreme National Security Council Secretary Mohsen Rezaei, Iran will not engage in dialogue with the United States until its conditions are satisfied. Rezaei warned against being misled by contradictory U.S. signals and stated that the geopolitical landscape surrounding oil and strategic waterways has fundamentally shifted. He emphasized that crisis management alone cannot prevent escalating tensions.