Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
2026-10-06
14:01
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Money Market Fund Inflows Drop to $158B in First Three Quarters, Short-Term Treasury Yields Rise

According to TD Securities data, money market fund net inflows into U.S. short-term Treasuries fell to $158 billion in the first three quarters of 2026, compared to $823 billion for the full year 2025 and $840 billion in 2024. The slowdown has reduced demand support for short-term debt, pushing yields higher. As of late August, the three-month Treasury yield exceeded the comparable overnight index swap by nearly 10 basis points, reflecting investors' demand for higher compensation to hold typica
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14:01
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AI Stocks Rise at Market Open; Astera Labs Surges 5.67%, Nasdaq Gains 0.71%

According to MSX.COM data, U.S. equities opened higher today. The Dow Jones Industrial Average rose 0.32%, the S&P 500 advanced 0.56%, and the Nasdaq Composite climbed 0.71%. AI-related stocks gained broadly, with Astera Labs leading at 5.67%, followed by AMD up 2.83%, Dell up 2.31%, CrowdStrike up 2.24%, and Marvell up 2.11%.
13:56
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Bank of Canada Expected to Raise Rates Only Twice, With First Hike Delayed to Early 2027

According to Central 1 Credit Union, the Bank of Canada is expected to raise rates only twice in its current hiking cycle, with the first rate increase delayed until early 2027. Economist Bryan Yu noted that Canada is currently facing significant uncertainty, with rising U.S. Treasury and Canadian bond yields, tariff concerns, and volatile oil prices complicating policy decisions. Core inflation remains near the 2% target, while the higher bond yields may dampen the housing market recovery.
13:56
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Luokang Pharma Surges 13.7% in Five-Day Rally, Outpacing Hang Seng Index by 18.5 Points

According to a Huatai Securities conference call on September 29, Luokang Pharma (09637.HK) shares closed at HK$26.66 on October 6, marking five consecutive gains with a cumulative 13.7% rise since September 28. Over the same period, the Hang Seng Index fell 2.6%, representing an 18.5 percentage point outperformance. The rally was driven by investor interest in AP308, the company's lead pipeline candidate that employs a differentiated mechanism to directly degrade IgA and its immune complexes, t
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13:53
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U.S. Soldier in Japan Accused of Murder and Robbery, Refuses to Confess

According to Japanese media reports on October 6, a U.S. soldier stationed in Japan is suspected of murdering a Japanese woman using a telephone cord in a hotel room, stealing her wallet, and fleeing. Police believe the suspect changed clothes to evade capture. When questioned, the suspect has denied knowledge of the incident and refused to confess.
13:52
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Paxos' USDG Surpasses 500M in Activity on Morpho Platform

According to @Morpho, Paxos' USDG recently surpassed 500M in activity on the Morpho platform, reflecting growing demand from fintechs and enterprises. The uptick indicates increased adoption of blockchain-based financial solutions, with activity primarily occurring off-exchange.
MORPHO-5.84%
13:42
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BNP Paribas and Deutsche Bank Discuss Tokenized Cash at Sibos 2026

According to Chainlink, BNP Paribas and Deutsche Bank discussed the significance of tokenized cash at the Sibos 2026 conference. Chainlink CEO Sergey Nazarov emphasized that several banks are collaborating to create their own tokenized deposit chains, reflecting the growing role of digital assets in traditional banking institutions.
LINK-5.12%
13:42
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Ripple Expands Prime Brokerage Services to Brevan Howard

According to Ripple's announcement, the company has partnered with Brevan Howard, a leading alternative investment manager, to provide multi-asset prime brokerage, clearing, and financing services. The collaboration aims to enhance financial services for institutional investors by integrating digital assets with traditional finance capabilities.
13:41
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DeFi Development Approves CHAD Share Repurchase Plan With $10 Target

According to Foresight News, SOL treasury company DeFi Development has approved a share repurchase authorization for its CHAD variable-rate series C perpetual preferred shares. The authorization covers all currently issued shares and automatically extends to future issuances with no expiration date. Repurchases may occur through open market or private negotiations, with timing, price, and volume determined by the company. Chief Executive Officer Joseph Onorati stated the near-term target is to b
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13:41
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HKMA and BNM Strengthen Fintech Partnership on October 6

According to the Hong Kong Monetary Authority, HKMA and Bank Negara Malaysia (BNM) announced on October 6, 2026, a strengthened partnership to advance fintech and digital assets. The collaboration, following a high-level meeting in Hong Kong, prioritizes cross-border regulatory cooperation, local currency usage in transactions, enhanced capital market connectivity, and Islamic finance initiatives. Both authorities aim to develop coordinated regulatory frameworks supporting innovation in digital
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