Gate Crypto Flash News and Market Updates

According to PR Newswire, SpaceX agreed on October 8 to acquire Grain Management's nationwide 800 MHz spectrum portfolio under a definitive agreement. The transaction requires FCC approval and other customary conditions. SPCX Nasdaq Class A shares closed Thursday at $160.57, down 4.19% from Wednesday's $167.60, on 71.9 million shares. Verizon, AT&T and T-Mobile closed higher Thursday, but fell in Friday premarket trading.

According to the announcement, on October 9, 2026, Yingyu Metaverse (03700) subsidiary Yingyu Metaverse (Hainan) Technology Co., Ltd. agreed to sell 40% equity stake in Guangzhou Kuaichuang Network Technology Co., Ltd. to Guangzhou 1846 Technology Co., Ltd. for RMB 80 million. Following the transaction completion, the target company will no longer be consolidated into the group's financial statements. The company plans to use approximately RMB 72.8 million in net proceeds (after deducting estima

According to a U.S. official, Treasury Secretary Bessent will skip the IMF-World Bank Annual Meeting and G20 summit in Bangkok due to domestic matters.

According to Guru Club, Saudi Aramco will provide all of its oil supplies to European customers in November.

According to PANews on October 9, U.S. Senator Cynthia Lummis stated via X that Democrats have rejected a provision in the CLARITY Act that would prohibit chief compliance officers from holding conflicting positions at affiliated crypto entities, reversing their earlier demand that such a restriction be included.

China's commodity futures market closed higher overnight on October 9, with natural rubber (20-year-rubber contract) rising 4.71%, rubber jumping 3.76%, and thermal coal gaining 3.39%. Methanol and coke increased by at least 2.81%, while synthetic rubber, soybeans, polypropylene, plastic, and LPG advanced by over 1.54%. Energy products including fuel oil, PVC, and palm oil saw modest gains of up to 0.91%, while iron ore edged up 0.07%.

On October 9, Brent crude rose 0.5% to $104.82 per barrel, while WTI crude climbed more than 0.5% to touch the $92 per barrel mark intraday.

According to Mauritania News Agency, Prime Minister Ajedj Ay submitted his government's resignation to President Mohamed Ghazouani on October 9. The resignation was handed over during a meeting at the presidential palace in the capital, Nouakchott. The official reason for the government's resignation was not disclosed.

According to Bitfinex, on October 9, long-term bitcoin holders who have held for six months or longer have abstained from depositing BTC to exchanges during the recent decline from $87,000. Data shows that almost all bitcoin flowing into exchanges came from tokens transferred within the past week. Bitfinex noted that genuine market capitulation typically requires long-term holders to move and liquidate positions, a signal not yet evident.

According to China's Ministry of Agriculture on October 9, the 2026/27 soybean production forecast was cut to 20.36 million tons, down 590,000 tons from the previous month's estimate, due to lower-than-expected planted area and yield. The forecast remains above 20 million tons. Meanwhile, data from Mysteel showed domestic oil crushers processed 1.2093 million tons of soybeans in the week ending October 9, down 647,600 tons week-on-week, with operating rates at 32.82%. Geopolitical tensions also

According to Yicai, on the evening of October 9, spot gold fell below the $4,100 per ounce level, marking its lowest point since August 5 and declining 2.26% for the day. Spot silver dropped below $60 per ounce with a 3.50% loss. The cryptocurrency market accelerated its decline, with Bitcoin falling over 3% to $83,511, near its weekly low. Ethereum declined nearly 5%, while Solana, HYPE, XRP, and ZEC each fell more than 3-4%. Coinglass data showed that over 110,000 traders were liquidated in th

Brazil's Planning and Budget Minister announced the government will implement a subsidy for diesel imports, with a cost of 1.6 billion Brazilian reais over a 30-day period. The measure aims to address fuel supply and pricing pressures.

According to Bloomberg, Firmus Grid Ltd.'s $30 billion Australian IPO collapsed within 48 hours after U.S. fund managers deemed the valuation too high. The company had been considered a standout in the AI data center boom, but bankers failed to convince American investors to subscribe even after proposing lower pricing or reduced offer size. Following the withdrawal, Firmus is exploring a private funding round with existing investors; the IPO had been positioned as one of Australia's largest.

According to KPMG economist Daniel Hyun, Canada's employment declined for a second consecutive month on September data, complicating the central bank's policy outlook. Despite the weak jobs data, KPMG still expects the Bank of Canada to raise rates by 25 basis points in December, citing persistent inflation risks and the need to maintain monetary policy credibility. Hyun noted that while September employment figures showed significant weakness, such data historically exhibit large volatility. Th

According to the Federal Reserve's latest consumer financial survey released on October 9, the share of U.S. households with delinquent loans has surged to nearly 20% as of 2025, up from approximately 12% in 2022. The median household debt-to-income ratio rose to 15.4%, an increase of 2 percentage points from 2022, reflecting higher mortgage and consumer loan rates during the period. Additionally, the share of households with heavy debt burdens—where debt payments represent 40% or more of income

Fusionex (03738) announced on October 9 that its wholly-owned subsidiary Vobile Investment Holdings Limited will acquire 100% of Anqing International Limited from Li Ye for HK$75 million. The purchase consideration will be settled through the issuance of approximately 20.55 million shares at HK$3.65 per share. Anqing International owns proprietary AI video generation and digital watermarking technology, including its core product Dreamesh platform, which provides video production tools for conte

Japan's Financial Services Agency ordered Prudential Financial's local subsidiary to suspend new policy sales recently after staff misconduct led to customer losses. The regulator directed the insurance companies to submit remediation plans by November 30, citing management failure to prioritize risk management over sales.

According to ChainCatcher, SpaceX Falcon 9 is scheduled to launch the Space Development Agency Batch 1 Iteration 1 mission to low Earth orbit on October 10.

According to Bloomberg, Italy and the EU are close to reaching an agreement allowing Italy to implement a natural gas price cap framework. The deal aims to help Prime Minister Meloni secure voter support amid rising energy bills.

According to Belarus' Foreign Ministry on October 9, the ministry summoned Ukraine's interim chargé d'affaires Novitsky to lodge a formal protest. The action followed a Ukrainian drone attack on a vehicle bearing Belarusian license plates in Russian territory, which resulted in serious injuries to a Belarusian citizen.