Gate Crypto Flash News and Market Updates

On October 8, President Trump announced that major technology companies committed $2.4 billion in computing resources to support the U.S. government's Genesis AI research mission, aimed at advancing scientific research across more than 15 federal agencies. Commitments include Nvidia's $1 billion, AMD's $500 million, OpenAI's $200 million, and $150 million each from Anthropic and Google. The initiative will provide AI tools and computing capacity to accelerate scientific discovery.

According to intelligence sources, Houthi forces launched their second strike on Saudi Arabia's Riyadh airport on October 8, resulting in a Saudi Arabian Airlines aircraft catching fire with severe fuselage damage. The U.S. Embassy in Saudi Arabia issued a security alert following the attack. Meanwhile, according to The New York Times citing U.S. officials, the Pentagon is drafting a new three-day military strike plan against Iran, though the plan has not been approved as President Trump remains

According to Reuters and CNBC, Trump purchased up to $1.6 million in Nvidia stock and sold up to $1 million in August, while also disclosing an investment of as much as $5 million in SpaceX debt. On Thursday (Oct 8), Trump presented Nvidia CEO Jensen Huang and SpaceX CEO Elon Musk with the National Medal of Science.

On Thursday, October 8, the U.S. semiconductor and hardware supply chain index fell 3.78% to 201.83 points, marking its lowest closing level since September 17. All component stocks declined, with SanDisk dropping 4.9%, and Micron Technology, SK Hynix ADR, and Seagate Technology each falling up to 4.79%. Kioxia ADR led losses with a 6.48% decline.

According to the Office of the Comptroller of the Currency (OCC), American Express National Bank received a cease-and-desist order and a $350 million civil money penalty for deficiencies in its Bank Secrecy Act and anti-money laundering compliance program. The enforcement action takes effect immediately.

The Magnificent 7 technology stock index fell 1.09% to close at 236.96 on Thursday, October 8, retreating from recent all-time closing highs. The mega-cap technology index declined 1.55% to 472.03 points, also pulling back from record levels.

According to RBC analyst Tom Narayan, Mercedes-Benz may cut full-year profit guidance when releasing Q3 earnings results, with RBC projecting Q3 profit margins could fall below guidance ranges. However, Narayan noted market consensus expectations are already at the lower end of prior guidance, suggesting limited downside risk for the stock. RBC maintains a sector perform rating with a 54 euro price target.

According to the Centers for Medicare & Medicaid Services (CMS), Humana's largest Medicare Advantage contract—covering over 2 million members—improved its star quality rating above the threshold for bonus payments on Thursday. The star ratings determine whether insurance plans can earn billions in bonuses if they achieve four stars or higher. Shares of CVS Health and Alignment Healthcare fell after their ratings declined.

According to HTX market data, Solana (SOL) broke below $110 on October 8, trading at $109.99 with a 24-hour decline of 5.18%.

According to CoinDesk, Senator Richard Blumenthal, a senior Democrat on the Senate investigation team, has sent a letter to Cantor Fitzgerald CEO Brandon Lutnick requesting information about the financial relationship between the stablecoin issuer Tether and the financial services company. Cantor Fitzgerald manages and holds Tether's reserve assets in the United States and maintains multiple other business interests with the stablecoin issuer.

After US nonfarm payrolls data was released, Bitcoin surged to $87,000 before pulling back to $86,773, gaining over 3% during the day.

According to Anthropic's official announcement, the company launched Cyber Mission, a cybersecurity initiative, on October 9. The program has two tracks: a critical infrastructure defense plan supporting 11 security vendors including Accenture, CrowdStrike, Deloitte, and PwC with advanced Claude models, on-site engineers, and threat research; and OSS Scanner, which provides free vulnerability scanning and remediation recommendations for selected open source projects with over 90% true positive r

According to Whale Alert, 818 Bitcoin (valued at approximately $66.9 million) were transferred from Coinbase Institutional to an unknown wallet on October 8, 2026.

According to Gemini's official announcement, the cryptocurrency exchange and custodian has upgraded its custody services by implementing Multi-Party Computation (MPC) technology. The upgrade enables withdrawals to be completed in minutes and allows users to approve transfers using their own passkeys. The new system also expands support for various blockchains, enhancing flexibility in managing crypto assets.

According to Chainlink, the company has launched LinkLab, a masterclass initiative designed to help developers build more secure cross-chain applications using CCIP 2.0 technology. The program highlights improved control over speed, security, and compliance, enabling developers to create faster and more robust cross-chain solutions. More details are available in Chainlink's official announcement.

On Thursday, Google Cloud introduced Gemini Agent, a workplace AI designed to run continuously across Gmail, Docs, Sheets, Slides, Drive, Chat and Calendar while connected to Microsoft 365 and Slack. CEO Thomas Kurian presented the product at Google's Gemini at Work event. Managers can create coworker agents with dedicated Workspace email addresses, calendars, Drive storage and company directory listings; each agent's actions are tracked in separate audit trails. The agent connects to Salesforce

According to Jin10, crude oil futures surged at the close on October 9. WTI November contract rose 3.21 dollars to 91.49 dollars per barrel, up 3.64%; Brent December contract rose 4.08 dollars to 104.28 dollars per barrel, up 4.07%.

According to Jin10, the U.S. Dollar Index fell 0.1% to 102.138 on October 9 as the dollar weakened against major currencies. The euro rose to 1.1209 against the dollar from 1.1199 the previous day, while sterling climbed to 1.3225 from 1.3219. The yen strengthened to 157.86 per dollar from 157.96, and the Swiss franc firmed to 0.8316 from 0.8330.

According to the White House, President Trump will visit Syracuse, New York on Friday to hold a Columbus Day celebration event at 11 a.m. Eastern Time.

The U.S. military is preparing a large-scale strike plan against Iran, with three carrier strike groups deployed toward the Middle East, despite repeated opposition from President Trump. In recent statements, Trump indicated that the U.S. and Iran are engaged in productive discussions and ruled out military action before the midterm elections.