Gate Crypto Flash News and Market Updates

Twelabs announced on October 7 the launch of Pegasus 1.6, a vision-language model (VLM) designed to process egocentric video data—footage captured from a first-person perspective. The model addresses a key challenge in physical AI development by enabling robots to understand tasks recorded from a worker's point of view, such as footage from action cameras or smart glasses. Pegasus 1.6 features five core functions: action segmentation and labeling, detailed caption labeling, quality assessment, s

According to Korea Exchange data, the KOSPI index fell 19.3% in the third quarter while the KRX Transport Index rose 13.3%, marking the best performer among major indices. The rally in shipping stocks including HMM, Hyundai Glovis, and Korean Air was driven by rising sea freight rates amid Middle East tensions and geopolitical uncertainty surrounding the Strait of Hormuz. The KRX Banking Index gained 10.17% as higher interest rates improved net interest margin expectations for banks. Samsung Ele

According to EDDaily, Parataxis Ethereum canceled its merger agreement with Parataxis Korea on October 7, citing uncertainty around the latter's delisting risk from the Korea Exchange. The merger, initially agreed in April, aimed to consolidate the companies' Bitcoin and Ethereum holdings and business operations. The company currently holds 10,449 ETH and plans to pursue additional purchases based on internal strategy and funding conditions. CEO Lee Myung-hoon stated the firm will focus on its e

According to The Block, fintech startup Navra has closed an oversubscribed Series A funding round of $19 million, with Ribbit Capital leading the round and Baseline, DCM, Jump Crypto, and Figure Technology Solutions as co-investors. Navra plans a limited rollout to retail and institutional customers by end of October, with blockchain company Figure serving as its first blockchain partner offering white-label services.

According to Yonhap News Agency, South Korea's 'population decline areas' have expanded from 89 to 92 regions. The three newly added areas join the growing list of regions facing demographic challenges as the country continues to grapple with its declining birth rate and aging population.

According to ChainCatcher, Startale Japan Co. Ltd. unveiled a digital corporate bond with interest and principal paid in yen stablecoin JPYSC. The bond targets Japanese individual and corporate investors only. JPYSC is issued and managed by SBI Shinsei Trust Bank, pegged 1:1 to the Japanese yen, and classified as a Class III electronic payment instrument under Japan's Payment Services Act. SBI VC Trade serves as the issuing trust agent and handles distribution, while Startale Group provides the

According to ChainCatcher, Ferrari NV's tokenized stock RACE has launched on Solana via the Sunrise asset gateway, with Backpack Securities serving as the issuer. Each RACE token is backed 1:1 by a regulated custody-held Ferrari share, and holders can redeem it for traditional equity through Backpack Securities. The token supports trading on Phantom, Jupiter, and Raydium, enabling around-the-clock trading and participation in dividends and corporate actions.

According to South Korea's exchange, diagnostic kit stocks surged on October 7 over concerns of potential plague leaks from a Russian research facility, with Huumasis jumping 24.95% to 3,255 Korean won. Other diagnostic kit companies also posted significant gains: Novacure MS rose 22.65%, DiMtrics 12.87%, and Kolmarbioptec 7.71%. A researcher at the Irkutsk Plague Control Research Institute in Russia died on October 2 following severe pneumonia symptoms, according to Russian state media TASS. Th

According to South Korean lawmakers citing Financial Supervisory Service data, individual investors suffered confirmed losses exceeding 23.24 trillion won through single-stock leveraged ETPs tracking 2x daily returns of stocks like Samsung Electronics and SK Hynix between May 27 and August 14. One product, KODEX SK Hynix single-stock leverage, plunged 76 percent from its June peak to trade at 10,700 won as of October 6. The losses reflect the products' structural vulnerability to "negative compo

According to Herald Economy, Samsung Biologics shares fell approximately 18% as of October 7 from August 27 levels, pressured by shareholder dilution from a planned capital raise and union strike uncertainty. IBK Investment Securities and two other brokerages cut their target prices; IBK reduced its target from 2.09 million won to 2 million won on October 7, maintaining a buy rating. The union has signaled a three-week second strike beginning October 26, significantly longer than the initial fiv

According to Bank of America strategist Michael Hartnett, AI stocks including Nvidia, AMD, and Micron reached record highs today, with their combined market concentration at 42%. This level approaches or exceeds the historical peak of most asset bubbles, which typically peaked around 40%, including the dot-com bubble at 41% in 1999. In the S&P 500 index, Nvidia, Apple, and Microsoft now account for over 21% of the index, according to Creative Planning, marking a record concentration for the thre

According to Yonhapinfomax, on October 7, Seoul forex dealers expect the dollar-won exchange rate to settle near 1,330 won amid broader global dollar weakness. The one-month USD/KRW contract in New York's NDF market closed at 1,337.30 won, reflecting a 5.35 won decline from the previous Seoul session close of 1,343.60 won after adjusting for swap points. Dealers anticipate today's trading range between 1,332.00 and 1,345.00 won, with buying interest expected to support the lower end as the rate

According to PANews, TOKEN2049 Singapore conference officially kicked off today (October 7) and runs through October 8, attracting 25,000 participants from 160 countries. The event spans 6 venues and features keynote speakers including Polymarket founder Shayne Coplan, Hyperliquid Labs CEO Jeff Yan, Nasdaq Chair Adena Friedman, Bitmine Chair Tom Lee, and Franklin Templeton CEO Jenny Johnson, alongside hundreds of leading founders, executives, and investors from around the globe.

According to Coinglass data cited by ChainCatcher, $144 million in liquidations occurred across the derivatives market over the past 24 hours. Long position liquidations totaled $87.26 million, while short liquidations reached $56.74 million. Bitcoin accounted for $17.25 million in long liquidations and $11.24 million in short liquidations, while Ethereum saw $11.05 million in long liquidations and $5.02 million in short liquidations.

According to Jin10 Futures, at 09:30 Beijing time on October 7, NYMEX gold futures fell 0.19%, silver futures declined 0.16%, and copper futures rose 0.17%.

According to Jin10 Futures, as of 09:30 Beijing time on October 7, WTI crude oil futures rose 1.05% and U.S. natural gas futures gained 0.64%.

According to Bloomberg, Bridgewater Associates founder Ray Dalio warned on Tuesday, October 6, that the U.S. Treasury market could face increased volatility this year if China and Japan reduce their demand for American government bonds. Dalio noted that both nations are experiencing pressure: Japan, which invested heavily to support economic policies, now seeks to recover some of that capital, while China has no incentive to continue accumulating U.S. debt. He highlighted geopolitical tensions a

According to Tech in Asia, fintech firm Revolut plans to establish a wholly-owned subsidiary in the Philippines to provide digital banking and electronic money issuance (EMI) services. Officials from both Revolut and the Philippines Department of Trade and Industry (DTI) met in London on October 2 to discuss market access.

According to OKX, Solana broke below $120 today, trading at $119.99 USDT with a 24-hour decline of 0.87%.

According to Gate data, USD/JPY (USDJPY) breaks 158.5, now trading at 158.500, up 0.4% in 24 hours.