Gate Cryptocurrency News and Market Analysis

The US dollar weakened against the Japanese yen on the 8th, with the USD-JPY exchange rate falling to 153.972 yen as of 4 PM, down 2.267 yen (1.451%) from the closing price of 156.239 yen on the 4th—the lowest level since February this year. The decline was driven by speculation over a Bank of Japan

Canada applied counter-tariffs of 15%, 25% and 50% to C$27.6 billion of US-origin goods at 12:01 a.m. on September 8, according to the Department of Finance Canada. The measures match US Section 338 tariffs "dollar for dollar" with additional products from sectors affected by Section 232 duties.

Jim Cramer advised Tuesday on CNBC's Mad Money that investors should expand beyond artificial intelligence stocks. The host said the focus on data center investments is obscuring opportunities in other sectors. Cramer explained that AI infrastructure stocks have soared this year but many pulled

Robinhood Chain generated a single-day record of $6 million in fees on Friday, Sept. 4, driven primarily by activity from Pons, the chain's leading token launchpad. Fees over the prior seven days totaled approximately $25 million, compared to just $1.4 million the week before, representing a 17x

Bitcoin traded at $78,417 at the time of writing, down 1.46% over the last 24 hours, after climbing from about $64,000 to briefly above $82,000 in recent days. Bitwise said in a new market report that Bitcoin's rolling 260-day correlation with the S&P 500 had fallen to its lowest level since 2015, r

US Treasury prices fell for a second consecutive trading session on September 8, with the 10-year yield rising 2.10 basis points to 4.8050% as of 3:00 PM Eastern Time. Oil prices climbed 1.69% to $93.03 per barrel for West Texas Intermediate October futures—the sixth straight trading day of gains

Corning and Qualcomm rallied on Tuesday and lifted a host of AI-related stocks, as infrastructure deal announcements boosted confidence in data center spending. Chipmakers Intel and Advanced Micro Devices gained 9% and 6% respectively, while Hewlett Packard Enterprise climbed 8% and photonics

Shares of South Korean instant noodle makers Samyang Foods and Nongshim declined sharply this month as the won-dollar exchange rate fell steeply, raising concerns over foreign exchange losses on dollar-denominated export revenues. The won's appreciation against the dollar reduces the value of

South Korean retail investors net purchased ₩282.7 billion ($211 million) in inverse exchange-traded funds (ETFs) on May 7 and May 8 as the KOSPI index failed to sustain above the 7000 level for two consecutive sessions. The buying spree concentrated in three major inverse products tracking KOSPI 20

Korean stock market margin trading balances surged 15% in August as the KOSPI benchmark approached the 7000 level, according to data from the Korea Financial Investment Association released on September 8th. Credit-financed stock purchases reached 33.2

Iranian state media reported multiple explosions at Kharg Island and the Jask region on the 8th local time, with one outlet attributing a tanker strike to US forces. Semi-official Mehr News Agency said explosion sounds were heard in the anchorage area of Kharg Island, Iran's primary oil export hub t

Plattsburgh Mayor Wendell Hughes and the common council held a public hearing on Thursday to discuss a proposed temporary land use moratorium targeting high-energy computing facilities, including cryptocurrency mining and artificial intelligence data centers. The proposed law would impose a

Brian Kelly created Bracket22, a trading firm powered entirely by agentic artificial intelligence, after closing his cryptocurrency hedge fund in early 2025. Kelly reduced his annual labor-related costs from approximately $5 million to between $30,000 and $40,000 by replacing his seven to eight

Malone Lam, a 22-year-old Singaporean citizen living in Miami, pleaded guilty Tuesday to federal racketeering conspiracy charges. The charges stem from an international cryptocurrency theft operation that stole and laundered more than $245 million. Prosecutors say Lam helped lead a network that

Wonpoong Mulsan enters delisting procedures on the KOSDAQ market today, becoming the first company to face delisting under strengthened market capitalization requirements. The company was designated as a watchlist stock on July 3 after its market capitalization remained below 200 billion won

StablecoinX appointed Christopher Jensen as CEO, putting the former Franklin Templeton digital asset executive in charge of the largest corporate holder of Ethena's ENA token. Jensen succeeds Ted Chen, who led StablecoinX through its public listing in June and will remain chairman of the company's b

Blockstream is in ongoing talks to recover approximately 598.5 BTC still outstanding after hackers exploited the Liquid Network for roughly $320 million, the company said Tuesday. The individuals responsible returned 3,400 BTC on Monday, leaving about 15% of the stolen funds unreturned. A software f