Gate Crypto Flash News and Market Updates

In July, Elon Musk and OpenAI CEO Sam Altman exchanged public criticism on social media. A user claimed Musk warned the world about "Liar Sam," which Musk retweeted while accusing Altman of escalating deception. Altman countered by questioning Musk's proposal to build orbital data centers, writing that Musk was pitching the concept to public market investors. Despite ongoing tensions, major AI companies have moved toward collaborative safety efforts. In July, executives from OpenAI, Anthropic, S

According to equity research, Doosan, the world's second-largest high-end copper-clad laminate (CCL) manufacturer, surged approximately 8% today (Oct 6) following a sharp rally in Taiwan CCL-related stocks yesterday. Taiwan's leading CCL producers EMC and Taiyo hit daily limits, while Nan Ya and Lianmao also reached new highs, as market sentiment shifted on revised industry demand forecasts. Morgan Stanley and JP Morgan released reports suggesting the CCL industry's earnings outlook had been "ov

KB Asset Management, a subsidiary of KB Financial Group, recently launched a National Growth Infrastructure Fund to channel private capital into artificial intelligence, semiconductors, renewable energy, and social infrastructure projects. The single fund, valued at 1 trillion won, aims to support long-term productive finance investments while linking retirement pensions and long-term assets to economic growth. The fund expands beyond traditional infrastructure to include semiconductor clusters

According to Yonhapnews, on October 6, LG Electronics' U.S. subsidiary signed a long-term supply agreement with AIR Control Concept to provide cooling solutions for AI data centers. Under the deal, LG will supply high-efficiency chillers and thermal management equipment for a total capacity of 5 gigawatts across North America. LG Electronics shares surged 7.64% to 232,500 Korean won, marking the month's highest level, driven by optimism over the company's growing data center cooling business.

BitGo CEO Mike Belshe will speak at TOKEN2049 on October 8 in Singapore. He will address the topic 'Crypto Without Clarity: What Happens Next' on the Institutional Stage.

According to Foresight News, Arc, Circle's Layer 1 network, has released an open-source USDC lending example application built on Borrow Kit. The example covers the complete workflow including market discovery, loan sizing, depositing cirBTC as collateral, borrowing USDC, monitoring health factor, and repayment. Developers do not need to write custom smart contracts or maintain direct protocol integrations.

According to Iran's state news agency IRNA, today (October 6), Iran warned Bahrain and other regional countries not to allow their territory or airspace to be used for attacks against Iran. The warning emphasized that if such attacks are permitted again, Iran will retaliate.

KOSDAQ closed at 919.92 today, gaining 26.63 points or 2.98% for the session.

According to News1, on October 6, South Korea's KOSPI index closed down 62.35 points (0.89%) at 6941.39.

According to ARK Investment Management, Rocket Lab shares rose overnight on October 6 as the firm cited an "enormous opportunity" from SpaceX's planned retirement of Falcon 9, with ARK having purchased 233,482 RKLB shares worth $16.6 million last week across its innovation, robotics, and space exploration ETFs. ARK analysts stated that a U.S. launch bottleneck could emerge if SpaceX scales Starship toward 10,000 annual flights by 2030 and retires Falcon 9 by decade's end, potentially benefiting

According to BOJ Governor Yasuo Ueda on October 6, the Bank of Japan will continue raising its policy rate in response to changes in economic, price, and financial conditions. The pace and timing of future policy adjustments will depend on the likelihood of the baseline forecast materializing and associated risks, with the goal of maintaining core inflation around 2%.

France's August industrial output data is set to be released in 10 minutes.

ICE (Intercontinental Exchange) officially launched gold futures contracts this week, alongside new silver, platinum, and palladium futures contracts. The move aims to fill a gap in London's long-established physical gold trading and benchmark pricing market, which has lacked an active futures market.

According to Taiwan media Economic Daily, AMD CEO Su Zifeng met with Taiwan Semiconductor Manufacturing Company (TSMC) and other local tech firms on October 6. Su confirmed that AMD's previously announced $10 billion investment in Taiwan's supply chain is on track and will be increased as market demand for AI computing surges. AMD plans to continue expanding its supply chain investments in Taiwan and will accelerate capacity expansion with TSMC and its backend partners.

The Nikkei 225 index closed up 737.12 points on Tuesday, Oct 6, gaining 1.05% to finish at 70,683.98.

Polymarket unveiled Protocol V2, its next-generation onchain prediction-market infrastructure, on October 6, targeting November 2 for a full mainnet switchover. The upgrade introduces updated smart contracts and market architecture to improve how positions are created, traded and settled. Polymarket plans a staged migration rather than instantaneous replacement, giving applications, market makers and infrastructure providers time to adapt to the new contracts before the mainnet transition.

According to Mitsui Sumitomo Bank, nine financial institutions including SBI Securities and Daiwa Securities completed Phase 2 of Project Trinity from April to September 2026, demonstrating delivery-versus-payment (DvP) settlement for digital securities using stablecoins. The pilot tested simultaneous exchange of securities and fiat-linked stablecoins, eliminating settlement risk where only one party completes their obligation. Mitsui Sumitomo Bank provided custodian stablecoins while SBIVC Trad

According to Economic Daily, AMD CEO Zifeng Su met with Taiwan Semiconductor Manufacturing Company (TSMC) on October 6. Su confirmed that AMD's previously announced $10 billion supply chain investment in Taiwan is on track and will be increased due to surging AI computing demand. AMD plans to accelerate production capacity expansion with TSMC, backend assembly providers, and substrate suppliers to address the current supply shortage, as market demand continues to exceed supply.

Bank of Japan Governor Kazuo Ueda said in September that the Tankan survey indicates strong business confidence among enterprises.

According to Iran's state television, Brigadier General Mohammad Akraminiya, a spokesperson for Iran's military, stated on October 6 that Iran possesses large reserves of new military equipment. The production of new defensive and offensive systems, including missiles and unmanned aerial vehicles, continues amid ongoing military operations, Akraminiya said.