Gate Crypto Flash News and Market Updates

According to a Citic Securities Futures research report on October 7, Saudi Arabia's east-west pipeline has resumed operations during the holiday period, with flows recovering to 50% of normal levels at approximately 3.5 million barrels per day. The pipeline recovery is progressing faster than expected, and Saudi Arabia has also increased exports through its Gulf terminals. These developments have eased market concerns about further supply disruptions. The IEA forecasts a global crude oil supply

According to official announcement, NEAR Protocol co-founder ilblackdragon will deliver a keynote at TOKEN2049 at 11:20 AM local time on the BingX Labs stage.

According to data disclosed by South Korean opposition lawmaker Choi Eun-seok's office, retail investors incurred losses of approximately 2.3 trillion won ($1.7 billion) in leveraged exchange-traded funds tracking Samsung Electronics and SK Hynix between May 27 and August 14. The losses were sustained across 10 South Korean brokerage firms' customers who held single-stock ETFs and notes linked to the two chip giants.

According to BlockBeats, Mason Nystrom, former analyst at Messari, joined Multicoin Capital as an investment partner on October 7. Nystrom previously held positions at Pantera Capital and Variant Fund. He stated that he will focus venture investments on stablecoins, consumer applications, and financial infrastructure, leveraging his background at ConsenSys and Messari as well as his research expertise in stablecoins, tokenization, and consumer crypto.

According to the Israeli Air Force, an unmanned aircraft made a controlled landing in northern Israel earlier today (October 7) following a technical malfunction. The landing site was confirmed to pose no risk to personnel or property, and the incident carries no security threat.

According to Guru Club, Ray Dalio, founder of Bridgewater Associates, warned on October 7 that artificial intelligence represents a typical bubble approaching a breaking point, citing rising interest rates and pressures to liquidate wealth as key factors.

According to Al Jazeera, Israel launched large-scale raids and arrest operations across multiple areas of the West Bank this morning (October 7).

According to CCTV Legal Channel, China's public security authorities extradited three key members of Chen Zhi's criminal group from Cambodia between January and June 2026. Chen Zhi, the head of the group, was transferred from Phnom Penh on January 7. Li Xiong, a core member, was extradited on April 1. Liu Ren, another senior member, was transferred on June 17.

According to Financial Times, the EU is considering implementing a universal taxation measure targeting major U.S. technology companies. The policy is intended to increase revenues for the European Union while minimizing the risk of triggering a strong backlash from the Trump administration.

According to Solana's official announcement, batch payments are now available via PayAI Network and BlockRun AI. The feature allows users to open a payment channel, make multiple payments, and settle on-chain using x402, enhancing transaction efficiency and convenience on the Solana platform.

According to the Financial Times, a report released by UK parliamentary cross-party rearmament group officials estimates Russian hostile activities cause the UK between £2 billion and £2.5 billion in annual economic losses.

According to Jin10, China's gold jewelry prices remained largely unchanged on October 7 compared to yesterday. Most brands' pure gold ornaments were trading between 1,247-1,252 yuan per gram.

According to ChainCatcher, Hyperliquid founder Jeff Yan said at TOKEN2049 in Singapore that the HIP-3 market contributed approximately 51% of Hyperliquid's trading volume in July, reflecting strong product-market fit. Crude oil and pre-IPO perpetual futures contracts have become key applications for HIP-3. Yan noted that expanded access to previously restricted trading opportunities represents a significant shift in financial markets, positioning Hyperliquid as an open protocol and infrastructur

According to Zhitong Finance, on the morning of October 7, the Hang Seng Index fell 0.53% to 24,151 points, down 128 points, while the Hang Seng Tech Index declined 0.91%. Morning trading volume reached 51.7 billion Hong Kong dollars. The Hang Seng Biotech Index dropped 2.73% and the Hang Seng Innovation Drug Index fell 2.21%, driven by ArriVent's significant stock decline following failed late-stage trials for its drug candidate. KingKind Biotechnology fell over 13%, and Absorbed Pharma decline

According to ChainCatcher, Binance will add four bStocks tokens—Securitize Corp (SECZB), StablecoinX Inc. (USDEB), JPMorgan Chase (JPMB), and Eli Lilly (LLYB)—as qualified collateral assets across isolated margin, unified account, and professional account modes on October 7 at 20:00 UTC. Eligible users can now use these tokens as margin collateral.

U.S. President Donald Trump announced on October 6 plans to invest $6.6 billion in a new shipyard in Sparrows Point, Maryland, to manufacture submarines, submarine components, and unmanned underwater vehicles. The facility will produce next-generation American submarines, including Virginia-class attack submarines and critical components for underwater systems. Trump stated the project will create over 3,100 jobs in Maryland and an additional 11,000 jobs nationwide.

According to Liquid24/7.xyz data monitored by ChainCatcher, Ethereum (ETH) is trading at $2,610.05 as of today (October 7), with Binance perpetuals showing strong buying interest. The exchange's near-term perpetuals recorded $71.14 million in buy orders versus $61.50 million in sell orders, representing $9.64 million in net-long pressure. Binance spot markets also showed buying preference, with $8.55 million in bids against $7.30 million in asks. Coinbase spot markets similarly displayed buying

According to Odaily Daily, Blast Layer-2 network announced shutdown on October 2, 2026, citing operating costs exceeding revenue. Coinbase will suspend BLAST trading on October 20, requiring users to withdraw assets by October 26; other exchanges including BTSE, Bitvavo, and Bybit have also delisted or halted BLAST trading. The BLAST token has declined approximately 99% from its peak to around $0.00024, while the network's total value locked (TVL) has dropped from a June 2024 peak of $2 billion

According to ChainCatcher, Cardano Foundation launched its CIP-0113 programmable token standard on mainnet, enabling regulated asset issuers to embed KYC, anti-money laundering, sanctions screening, and asset freeze rules directly into tokens. The standard executes these compliance rules automatically during every transfer, minting, and burning transaction. The standard requires no hard fork and maintains tokens as native Cardano assets. Issuers can update compliance rules in response to regulat

According to ChainCatcher, Muneeb Ali, head of Stacks Labs, today committed to transferring intellectual property to the Stacks Endowment as part of his CEO plan. He unveiled a two-year roadmap covering Bitcoin privacy and post-quantum technology, and will host a public call with token holders within 30 days.