Gate Crypto Flash News and Market Updates

According to The Information, Meta and Microsoft have required employees to reduce their use of Anthropic's Claude AI model and increase reliance on their own AI tools to cut costs. Microsoft had previously estimated its annual spending on Anthropic's AI at over $1 billion. The company subsequently directed staff to rely less on Claude and shift to internally developed AI solutions, with the related budget already reduced by more than one-third.

According to Houthi spokesperson Brigadier Yahya Saree, Houthi forces struck a Saudi military troop concentration point at the Al-Duqair base in Jizan on October 6 using multiple ballistic missiles. The spokesperson claimed the strike was direct and precise, resulting in dozens of casualties among Saudi forces.

According to Reuters, Houthi forces claimed today they conducted a missile strike on Saudi Arabia's Abha airport, though the Saudi government has not confirmed the attack.

According to Russia's Defense Ministry on October 6, Russian armed forces continued using unmanned aircraft to strike Ukrainian port facilities, military logistics centers, and ships serving Ukrainian forces. Russian military targeted an ammunition depot in Odesa Region, a dock facility for handling military cargo, and a cargo ship transporting dual-use materials for the Ukrainian armed forces. Between the evening of October 5 and early morning of October 6, Russian air defense forces intercepte

According to Saudi Arabia's Energy Minister, the East-West Pipeline was recently attacked and is expected to resume operations within 5-6 days. The pipeline, a key component of Saudi Arabia's oil export infrastructure, experienced disruption but no further details on the attack or damage assessment were disclosed.

According to South Korea's investment banking industry on October 6, IMM Private Equity is pursuing a continuation fund transaction for AirFirst, an industrial gas company, targeting a deal closure in November. The transaction values AirFirst's entire equity at approximately 4.2 trillion won, with a deal size of roughly 3 trillion won involving a 65 percent stake transfer to the continuation fund. Since acquiring AirFirst in 2019, the company's valuation has grown approximately threefold—from 1.

According to NICE Credit Evaluation data as of end-June, Meritz Financial's three subsidiaries show asset quality indicators significantly worse than industry peers following their combined 1.165 trillion won exposure to struggling retailer Homeplus. Meritz Securities' ratio of non-performing assets to capital reached 144.1%, the highest among major brokerages versus an industry average of 99.2%. Meritz Capital's one-month-plus delinquency rate hit 8.4%, triple the 2.7% average across 27 peer ca

According to South Korea's Korea Exchange, during September 4 to October 6, half of the top 10 stocks by individual net purchases recorded negative returns, despite retail investors diversifying away from semiconductor mega-caps. Doosan and HLB led gains with 21.9% and 28% increases respectively. Doosan's surge was driven by AI material production expansion investments and share buybacks, while HLB benefited from FDA approval of its subsidiary Elevate Therapeutics' cholangiocarcinoma treatment.

According to Daeshin Asset Management, the firm launched the Daeshin Shareholder Return High Dividend Fund on October 6, an equity fund targeting South Korean companies with strong shareholder return policies yet relatively undervalued stock prices. The fund analyzes both companies' shareholder return strategies and current share valuations to identify investment opportunities. Key metrics include the shareholder return rate—measuring the proportion of profits distributed to shareholders through

According to Guru Club, WTI crude oil futures fell 2% to $87.64 per barrel on October 6. Brent crude futures declined 1.48% to $98.835 per barrel.

According to BOJ Governor Ueda Kazuo's statement on October 6, the Bank of Japan reaffirmed its commitment to continue adjusting the degree of monetary easing in response to economic and price developments. The policy rate remains at approximately 1.25%, set in September to achieve the 2% price stability target. Ueda stated that while the accommodative financial environment will be maintained to support economic activity, the central bank will continue to assess the timing and pace of future rat

According to Zhitong Finance APP, HSI Night Futures (October contract) opened at 24,259 points on October 6. As of 17:01 Beijing time, the contract stood at 24,283 points, up 27 points or 0.111%, trading at a 2-point premium. Trading volume reached 83 contracts.

According to Truist Chief Strategist Keith Lerner, the S&P 500 has historically posted positive returns in the year following midterm elections since 1946, with an average gain of 14.4%. The index also typically performs strongly in the fourth quarter of midterm election years, averaging a 6.6% increase with an 84% probability of gains since 1950. FactSet data shows the S&P 500's third-quarter earnings are expected to grow 29.5% year-over-year, marking the eighth consecutive quarter of double-di

According to the announcement, Bank of China Aviation Leasing (02588) will distribute an interim dividend of HK$1.4116 per share on October 14, 2026.

According to Tech Funding News, U.S. AI fintech company Valon closed a Series D funding round of $150 million, bringing its post-money valuation to $2.3 billion. Existing investor Andreessen Horowitz (a16z) participated in the round, while Ribbit Capital joined as a new investor.

U.S. stock futures advanced early Tuesday following record gains in technology equities. As of 4:00 a.m. ET, Dow futures rose 0.5%, while Nasdaq, S&P 500 and Russell 2000 futures each rose 0.2%. Constellation Energy shares surged 3% in premarket trading after reports the company is nearing a multi-year nuclear power supply agreement with Google valued at approximately $1 billion. SpaceX shares continued climbing in early premarket trading, reaching $171—its highest level since mid-June—after rep

On Tuesday, chip stocks including Intel, AMD, Micron, and SanDisk slipped between 0.1% and 0.7% in premarket trading after a sharp rally at the start of October, while Nvidia gained about 0.7%. The iShares Semiconductor ETF (SOXX) declined following five consecutive days of gains and Nvidia's record high on Monday. Rosenblatt raised its price target on Micron to $1,900 from $1,500 while maintaining a Buy rating, citing strong results and expected shareholder returns through share repurchases. No

According to Truist Chief Strategist Keith Lerner and FactSet data, as midterm elections approach in early October 2026, U.S. equities historically deliver strong post-election gains. Since 1946, the year following each midterm election has produced positive returns, with an average post-election gain of 14.4%. Additionally, the S&P 500 has averaged a 6.6% gain during the fourth quarter of midterm election years since 1950, with an 84% probability of positive returns. Fundamentally, corporate ea

According to reports, as the deadline for Israel's closure of its consulate in Jerusalem approaches, negotiations between the UK and Israel have reached an impasse. The UK now plans to expel 27 Israeli diplomats stationed at the Israeli embassy in Britain in a tit-for-tat response.

According to Coning Hospital's announcement, for the nine months ended September 30, 2026, the average door-visit expense per patient was 298 yuan, up 7.6% year-over-year, while average inpatient bed-day expense was 333 yuan, down 1.2% YoY. In the third quarter specifically, door-visit average expense rose to 303 yuan, up 9.8% year-over-year.