Gate Cryptocurrency News and Market Analysis

Bitcoin Suisse is cutting up to 60 positions from its workforce, representing roughly half of the company's 120-person Swiss headcount. The layoffs will primarily affect back-office, administrative, and software development roles, with functions consolidating into the company's Bratislava hub and a

OpenAI asked members of Congress in recent weeks whether rival AI companies could legally coordinate to slow development, according to WIRED, which cited people close to the company. The inquiry centers on whether such agreements among AI developers could violate antitrust laws. Chief scientist

Chevron CEO Mike Wirth warned at a University of Texas at Austin energy conference on Friday that oil prices could remain elevated over the coming months as supply buffers have largely been depleted. Wirth stated the risks remain to the upside over the next few months, citing the difficulty of

Dell Technologies stock rose 10% during trading on Friday after RBC Capital Markets initiated coverage of the computer maker with an outperform rating and a price target of $640. The rally comes as Dell shares have more than quadrupled so far in 2026, driven by the company's emergence as one of the

The crypto derivatives market experienced over $684 million in liquidations across exchanges in a 24-hour window, with short sellers absorbing approximately $422 million in forced closures compared to $261 million from long positions. Approximately 100,000 traders were caught on the wrong side of th

US household and nonprofit net worth rose $12.8 trillion between April and June, according to the Federal Reserve's Z.1 Financial Accounts report published on September 11. The figure represents net worth as of June 30, 2026, and marks a reversal from Q1 2026, when net worth increased just $113

US Commerce Secretary Howard Lutnick cited the federal government's equity stake in Intel Corp when asked how the administration plans to fund proposed $5,000 payments to American adults. In August 2025, the administration converted approximately $8.9 billion in CHIPS and Science Act grants into

A Saudi Arabian oil pipeline was reportedly hit by projectiles on Thursday, according to CNN. The affected infrastructure, known as the East-West pipeline or Petroline, transports crude oil from eastern oil fields to the Red Sea port of Yanbu. The incident has not been confirmed by Saudi

MoneyGram launched its first stablecoin-backed Visa card in Colombia, marking a strategic pivot for the 86-year-old remittance company into everyday retail spending with digital dollars. The card allows customers to hold a dollar-pegged balance and spend it anywhere Visa is accepted, moving beyond t

OpenAI launched ChatGPT for Financial Services, combining its latest AI model with integrated financial datasets to serve investment banking and equity research workflows. The product includes data from LSEG News, PitchBook, Daloopa, Crunchbase and Quartr, providing access to earnings transcripts, f

Polymarket appointed Warren Jenson as its first chief financial officer as the prediction market platform expands its operations. Jenson brings more than three decades of financial leadership experience, including previous CFO roles at Amazon, Electronic Arts, Delta Air Lines, and Nielsen. The appoi

Solana's cumulative decentralized exchange volume crossed the $3 trillion milestone, with more than half generated in 2025 alone. The network processed approximately $1.95 trillion in spot trading activity during 2025, plus additional contributions from perpetual contracts. Solana's combination of l

Admiral Brad Cooper, Commander of U.S. Naval Forces Central Command, is in Saudi Arabia for discussions on recent advances by Houthi forces in Yemen, according to Al Jazeera. The visit follows increased Houthi activity, including cross-border attacks targeting Saudi Arabia. The Yemen conflict has in

Eleven major European banks including Banco Santander, BNP Paribas, Barclays, UBS, Deutsche Bank, and HSBC sent a joint letter to EU officials on September 10-11 requesting immediate simplification of banking regulations and deeper financial market integration across the bloc. The letter, signed

U.S. Secretary of War Pete Hegseth stated on the 25th anniversary of the 9/11 attacks that the United States had killed Iran's leadership and destroyed its air force and navy. The remarks suggest a significant escalation in the ongoing conflict between the U.S. and Iran, which began with

Dell Technologies (DELL) and Hewlett Packard Enterprise (HPE) led S&P 500 gains in midday trade on Friday, with DELL stock jumping 11.5% to a record above $567 and HPE stock gaining 10.5% to cross $61. The rally followed Oracle's decision to reiterate its fiscal 2027 capital expenditure guidance

Bitwise announced on Thursday it will liquidate its Dogecoin exchange-traded fund (BWOW), with October 14 expected to be the final trading day on NYSE Arca. The fund held approximately $722,000 in net assets as of September 8, less than a year after its November 26, 2025 debut. Bitwise stated the de

Anchorage Digital has partnered with stablecoin protocol Frgmnt to give institutional clients access to its fUSD and sfUSD tokens through Anchorage's custody platform, according to a Friday announcement. The integration allows institutions to hold, mint, redeem, stake and unstake fUSD without

A single wallet received approximately 361 billion Shiba Inu (SHIB) tokens from South Korean exchange Coinone on Sept. 10, with the largest transaction valued at roughly $1.87 million. The transfer's purpose remains unconfirmed — blockchain analytics flagged the movement, but the receiving address h

US stocks staged a broad rebound Friday, with the S&P 500 gaining approximately 0.9%-1%, the Nasdaq Composite rising roughly 1%, and the Dow Jones Industrial Average climbing around 500 points. The rally occurred despite August consumer inflation rising 0.4% month over month and 3.4%