Gate Crypto Flash News and Market Updates

ElevenLabs, a US-based AI voice software company, is opening a Singapore office today to serve as its Southeast Asia hub for local AI communications. The company, which raised US$500 million at an US$11 billion valuation, already serves regional customers including Funding Societies, Atome, AI Rudder, Rezonate, and Level3AI. The expansion follows ElevenLabs' July launch of data residency in Singapore, offering local hosting, zero-retention options, and lower latency across the region. The compan

According to The Business Times, a Singapore court froze approximately SGD 53 million in assets belonging to Hong Qi Yu, the former CEO and founder of now-defunct crypto exchange Tokenize Xchange, and his ex-wife Erin Koo on September 28. The frozen amount represents the total damages claimed by 249 former customers in their lawsuit. The asset freeze order prohibits both individuals from selling, disposing, transferring, pledging, or otherwise reducing the value of the assets. The pair, both 36-

According to ChainCatcher data from Gate, SOL/USDT fell to $115 as of today (October 8), down 2.64% over the past 24 hours.

According to Foresight News, ENS (Ethereum Name Service) has formally applied to ICANN (Internet Corporation for Assigned Names and Numbers) for the .ens generic top-level domain. The ENS Foundation stated that no competing applications were filed for .ens in the latest gTLD application round, eliminating the need for an auction.

According to Foresight News, blockchain quantum-safe security firm Project Eleven has partnered with public chain Quantus to integrate Quantus into its institutional-grade custody platform Strongpoint. The collaboration will focus on technical integration, key management processes, and transaction support, enabling institutions to manage Quantus assets through Strongpoint's existing hardware, policies, approval, and audit controls. The target launch date is Q1 2027.

According to Bitget market data, Hong Kong-listed AI stocks fell broadly on October 8, with MINIMAX declining over 10% and Zhipu down more than 6%. Xunce dropped nearly 5%, while Baidu and Meituan followed with smaller losses.

Following a bipartisan House Select Committee report, Webull (BULL) stock plunged 19% on October 7, its worst day since April 2025, after the panel said the brokerage is "tied in structural ways" to the Chinese government and raised concerns about U.S. investor data security. According to CNBC, the committee highlighted a "profound gap" between Webull's American branding and the entities influencing the firm. In response, Robinhood and Public.com announced transfer incentives to capitalize on th

According to Jin10, France's 10-year government bond spreads relative to German equivalents widened to 1.4 percentage points on October 8, expanding by approximately two-thirds since early October. Wider spreads rippled across the eurozone, with Italian government bond spreads climbing above 1.1 percentage points. Large asset managers capitalized on the sell-off, purchasing distressed debt including Italian bonds and corporate securities. According to Aberdare Investment, the market is unlikely

According to Bloomberg, Alphabet-backed Isomorphic Labs is negotiating a funding round at a valuation of at least $40 billion.

According to a Thai university survey, the country's consumer confidence index fell to 52.1 in September from 53.2 in August, marking a month-on-month decline of 1.1 points.

According to Singapore's Defence Science and Technology Agency (DSTA), on October 8, the agency partnered with the University of Pennsylvania's General Robotics, Automation, Sensing and Perception (GRASP) Lab to develop multi-robot systems for complex environments. The research focuses on resilient autonomy for robot teams operating in disrupted communications and edge-optimized agentic AI that can convert human goals into human-approved task plans onboard. DSTA said the collaboration could redu

According to the Wall Street Journal, Ripple has expanded into leveraged exchange-traded fund (ETF) swap financing, a market traditionally dominated by large banks. On Tuesday, the cryptocurrency payments company announced that its Ripple Prime unit will provide prime brokerage, clearing, and financing services to hedge fund Brevan Howard. Ripple Prime, launched after the company acquired Hidden Road last year, currently works with multiple ETF providers and plans to extend services to other inv

According to ChainCatcher, Alibaba Chair Cai Chongxin recently stated that open-source AI is Europe's best way to reduce reliance on U.S. and Chinese technology and build tech autonomy. He called for Europe to develop its own computing infrastructure for training and running AI models, noting no country would fully trust another nation's technology given the risk of supply cutoffs after political changes. Cai also urged Europe to better leverage its AI research talent, which often moves to U.S.

According to a report from the Institute of International Finance (IIF), foreign investment from emerging market bonds and equities recorded net outflows of $26.3 billion in September, the first outflow since June, as U.S. Treasury yields and dollar values rose following the Federal Reserve's first rate increase. Equity markets saw $19.2 billion in outflows while bond markets experienced $7 billion in outflows. The IIF noted that despite the September outflows, emerging markets accumulated $246

According to Yonhapinfomax, the USD/KRW exchange rate fell to 1,337.30 won on October 8, dropping 3.10 won from the previous close and approaching the year-low of 1,334.60 won set on September 9. Foreign investors drove the decline through large-scale currency futures selling, with net short positions exceeding 45,000 contracts in morning trading. Traders attributed the weakness to expectations of sustained semiconductor exports, supported by Samsung Electronics' third-quarter operating profit o

According to BlockBeats citing HTX data, Solana ecosystem tokens surged on October 8, with MET leading gains at over 51% in 24 hours, bringing its market cap to $264 million. Other notable gainers included W up 25% to $116 million market cap, JUP up 14% to $1.237 billion, RAY up 10% to $1.365 billion, BOME up 8% to $72 million, and JTO up 8% to $545 million.

According to ChainCatcher, Manus' parent company Butterfly Effect announced it has recently completed a funding round exceeding $500 million. The round was led by Boyu Capital and IDG Capital, with continued participation from existing investors Tencent, Sequoia China, and Zhenfund.

According to Bloomberg data, Hong Kong's Hang Seng Index fell 0.69% in morning trading on October 8, declining 167 points to 23,963. The Hang Seng Tech Index dropped 1.93%, while morning turnover reached 106.3 billion HKD. Energy stocks led gains after the U.S. Energy Information Administration significantly raised oil price forecasts for 2026 and 2027. CNOOC Limited rose 2.7%, China Petroleum & Chemical Corporation gained 2.8%, and COSL climbed 4.9%. Property stocks also advanced, with China Ov

According to the Financial Times, executives from Shell, BP, TotalEnergies, ConocoPhillips, and Chevron expressed their willingness this week to invest in Middle East oil and gas resources despite ongoing regional conflict. The executives highlighted the region's vast reserves and low extraction costs, which they believe justify the associated risks.

According to Julius Baer strategist Christian Gattiker on October 7, French fiscal concerns triggered bond sell-offs extending across eurozone debt markets, bank stocks, and the euro. The Swiss private bank noted that September's sharp surge in French government bond yields is burdening investors, with France's budget proposals and political uncertainty now at the center of market attention. The selloff pressure from French debt is spilling into bonds of fiscally weaker eurozone nations and broa