Gate Crypto Flash News and Market Updates

According to BlockBeats, Open Standard's OUSD stablecoin circulating supply reached approximately 663 million on October 5, with Tempo chain accounting for 71% of the total. Other major chains include Solana at 10%, Base at 10%, and Ethereum at 9%. OUSD maintains 100% reserve coverage with total reserves of 663 million, comprising approximately 588.2 million in U.S. Treasury securities and 78.03 million in cash reserves. Cumulative transfers on Tempo chain have reached 1.19 billion.

On September 28, China's Ministry of State Security published a warning linking cryptocurrency to money laundering, ransomware payments, and foreign espionage activities. The ministry said foreign intelligence agencies tell recruits that crypto is hard to trace when sending spy funds, a claim it rejected because every blockchain transaction is permanently recorded on a public ledger. The ministry stated that wallet addresses can be matched with IP and device data logged by trading platforms to i

OpenAI disclosed further incidents involving Australian government-linked systems on Friday, October 3, including NSW bushfire data and Medicare platforms. The company discovered the NSW incident on September 29 and notified the state government two days later. Additional unauthorized access or interactions also affected systems related to NSW crime statistics, Victorian health reporting, and the Australian Institute of Health and Welfare. OpenAI said it is spending more than US$500,000 daily re

According to Bloomberg, Singapore Exchange (SGX) shares have tumbled 19% since reaching a record high on August 26, erasing approximately $4.2 billion in market value, as concerns over valuation intensify. Citi downgraded its price target to 17.70 Singapore dollars on October 2, implying a further 16% downside, and maintained a "sell" rating while flagging the stock for 90-day negative catalysts review. JPMorgan downgraded to "neutral" last week, and Macquarie downgraded to "underperform" in mid

South Korean securities firms' Hong Kong subsidiaries posted surging profitability in the first half of 2026 driven by surging Korean stock demand, with Mirae Asset launching its retail-focused MAPS trading platform in June. Four major firms—Mirae Asset, NH Investment & Securities, Korea Investment & Securities, and Samsung Securities—combined for 321.2 billion won in net profit in H1 2026, surpassing their full-year 2025 result of 174.2 billion won. Mirae Asset's Hong Kong unit saw particularly

Japan's household consumer confidence index came in at 35.4 in September, beating the forecast of 35.3 and slightly down from 35.5 in the prior month.

According to Yemeni state media, the Yemeni government announced yesterday (October 4) the launch of a military operation to recover territories controlled by Houthi forces and restore state authority nationwide. President Rashad al-Alimi declared the operation aimed at reclaiming southern areas as Houthis advance toward Taiz, Yemen's third-largest city. The operation is backed by Saudi Arabia and the United States. Saudi forces will conduct airstrikes while government troops and allied militias

According to the Capital Market Research Institute, as of October 5, 220 companies listed on South Korea's Kosdaq market have decided on stock mergers so far this year, roughly 15 times higher than the entire previous year. The surge follows tightened delisting requirements implemented in July. Additionally, 65 companies have opted for capital reductions, representing a 48% increase compared to last year. Among 60 Kosdaq firms designated for management supervision following the July rule changes

According to QCP Capital, Bitcoin reached $86,682, gaining 3% over the week in September, while US spot Bitcoin ETFs recorded approximately $2.65 billion in net inflows for the month. BlackRock's IBIT led with $1.81 billion in inflows, followed by Fidelity's FBTC at roughly $682 million. The approval of 3x Bitcoin and Ether products expanded regulated leveraged crypto exposure in the US.

According to Sumsub, the London-based identity verification firm partnered with Singapore-based payment institution Fomo Pay on October 5 to deploy identity checks, transaction monitoring, and risk tools across Fomo Pay's operations in Southeast Asia, the Greater Bay Area, and the Middle East and North Africa. Fomo Pay will use the tools for customer and business verification, ownership checks, anti-money laundering screening, and account monitoring within its existing compliance systems.

According to CoinDesk, Bitcoin surged close to $87,000 this week but retreated after encountering selling pressure, falling approximately $500 short of the $87,400 high set in late September. This marks the second failed attempt within the week to break above the September peak, following an earlier push to $85,500 that also saw a subsequent pullback.

According to BlockBeats, on October 5, StonkFun announced it has distributed over $90 million in cumulative rewards to token holders. On October 4, the platform generated $590,268 in revenue, with $353,601 allocated to token buyback and 1.79 million STONK burned.

According to CCTV News, three-part documentary "The Annihilation of Myanmar Northern Telecom Fraud" will premiere tonight at 6 p.m. on CCTV's main channel, with repeats at 9:30 p.m. on CCTV News Channel through October 7. Co-produced by China's Ministry of Public Security and China Media Group, the series documents law enforcement's dismantling of criminal syndicates including Myanmar's "Four Major Families." The three episodes cover the telecom fraud ecosystem, cross-border manhunts, and joint

According to Coinglass data cited by ChainCatcher, the Crypto Fear and Greed Index currently stands at 71, up 7 points from yesterday. The index, which measures market sentiment on a 0-100 scale, is in greed territory. The 7-day average stands at 70, while the 30-day average is 67.

India's Finance Minister recently said the United States is seeking to reduce its trade imbalance through means beyond negotiation, describing tariffs as weaponized despite the existence of formal trade frameworks. The comments reflect growing tensions over U.S. trade policy and its impact on bilateral relations.

According to CNBC on October 4, JP Morgan recommended American Express, Thermo Fisher Scientific, and Liberty Energy as its October stock picks. American Express was designated as a value play, citing strong dividend policies and share buybacks despite a 18% year-to-date stock decline. Thermo Fisher and Liberty Energy were selected as growth stocks. Thermo Fisher, a medical and life sciences equipment company, benefited from U.S. government support for domestic pharmaceutical manufacturing and A

Spot gold fell intraday on October 5, breaking below $4,130 per ounce with a decline of 0.22%.

According to Bloomberg Industry Research, China's leading AI models have narrowed the performance gap with U.S. counterparts to just 3% following DeepSeek V4.1 Flash's release in September, marking a historic low. The gap has shrunk from approximately 15% at the start of the year and 9% in May, as Chinese AI labs make rapid advances. DeepSeek V4.1 Flash ranked sixth globally on the LiveBench benchmark in September with a score of 81.1, approaching Anthropic's leading score of 83.4. Bloomberg sen

According to South Korea's Financial Services Commission, the trading unit for single-stock leveraged ETFs will be expanded from 1 share to 20 shares, with details to be announced next month. The commission also plans to allow investors holding fewer than 20 shares to sell their fractional holdings through after-hours closing price trading at a fixed daily closing price. The market for single-stock leveraged ETFs has cooled significantly since regulatory measures were introduced in July. The com

Elon Musk confirmed that SpaceX will rename SpaceXAI to SpaceXSI, following his earlier statement that the company will discontinue using the term AI in favor of SI (Superintelligence).