Gate Crypto Flash News and Market Updates

Early trading on Oct 8 saw Chinese futures contracts surge and decline, with energy and metals leading moves. Liquefied petroleum gas (LPG) and fuel oil rallied over 7%, while low-sulfur fuel oil gained over 4% and methanol climbed nearly 4%. Among decliners, palladium fell nearly 7%, platinum dropped over 3%, and iron ore slipped nearly 2%. Base metals including silver, gold, aluminum, and zinc declined over 1%.

According to CoreWeave, the AI cloud infrastructure company announced yesterday (October 7) a partnership with AdaniConneX, a joint venture between Adani Enterprises and U.S.-based EdgeConneX, to build 240 megawatts of data center capacity in Navi Mumbai, India. The deployment will comprise three 80-megawatt buildings at AdaniConneX's Taloja campus. The first phase is expected to be operational by mid-2028. CoreWeave also plans to establish a local office and hire talent in India as part of its

According to Onchain Lens, an address (t1hBootrMTnk9t2uYV3AWhMTswxphheEpEr) transferred 1,000 ZEC from Binance to Zcash's privacy pool an hour ago, worth $1.33 million. The transfer into the privacy pool makes subsequent movements private.

According to on-chain analyst Ai Yi, three new addresses withdrew 23,456 ETH from Coinbase 3 hours ago, valued at approximately $60.37 million. The average withdrawal price was $2,574.06 per ETH.

According to Jin10 Futures, overnight oil prices consolidated with narrowing ranges on October 8, while domestic fuel oil trading remained subdued following the National Day holiday. Market participants showed limited confidence in near-term trading activity, though downstream refineries and traders were undertaking restocking purchases on immediate demand needs. Market sentiment offered limited upside guidance, with domestic fuel oil expected to consolidate or trade in narrow ranges today.

Spot silver reached $60 per ounce today, gaining 0.37% intraday.

According to CNBC, on October 4, Brazil's first presidential election round saw right-wing opposition senator Flavio Bolsonaro lead with 47% of votes, surpassing incumbent President Lula's 45%. The surprise result triggered a sharp market rally, with Brazil's Bovespa index surging 7.7% to an all-time high. U.S.-listed iShares MSCI Brazil ETF (EWZ) jumped 12.6%. InsideEdgeCapital founder Todd Gordon told CNBC that Brazil could potentially follow Argentina's path, where markets surged nearly 200%

According to Coinbase Markets, Coinbase has added support for Whuffie (WHUF), with deposit addresses now available on coinbase.com, the Coinbase App, and Coinbase Exchange in supported regions. Deposits remain unavailable until the asset issuer unlocks transfers. Coinbase did not disclose a specific trading launch timeline.

According to Financial News, on October 8, LG Energy Solution reported consolidated operating profit of 756 billion won for the third and fourth quarter, up 25.7% year-over-year and 567.3% quarter-over-quarter. Revenue reached 9.64 trillion won, marking a quarterly record and representing a 59% year-over-year increase and 27.6% quarter-over-quarter growth. The stock surged 6.27% to 415,500 won in early trading on the Korea Exchange, driven by strong battery demand in North America and Europe.

According to the Korean Economic Association, on October 8, a survey of 28 economists found that 64% prioritize reducing national debt over alternative spending if tax revenues exceed projections. The survey, conducted from September 7-28, showed zero economists supported directing additional funds toward welfare and social safety net spending, including youth savings accounts and childbirth support programs that the government plans to allocate 45.4 trillion won toward. When asked about risks o

According to NH Investment & Securities, NC Software's stock fell 7.58% to 219,500 Korean won on October 8, as the global launch of Aion 2 disappointed market expectations. The company reported peak concurrent players of 398,000 on launch day (October 5) and 200,000 as of October 7 at 3 p.m., which analysts deemed insufficient compared to earlier expectations. NH Investment & Securities downgraded its price target from 380,000 to 320,000 won, citing strong traffic but performance falling short o

According to Seoul market data, KOSPI plunged 0.82% to 6,748.01 in early trading on Oct 8 as foreigners and institutions conducted net selling worth 642.2 billion won and 302.7 billion won, respectively. KOSDAQ, meanwhile, initially fell 1.6% but reversed to gain 0.32% to 898.91 by 9:49 a.m., with foreigners and institutions net selling 115.2 billion won and 29.4 billion won.

According to Jin10 Futures, as of 08:45 on October 8, China's CFETS-NEX yuan liquidity sentiment index reported 50, up 2 points from 16:00 the previous day. Among institutional segments, large banks reported 47, mid-sized and small banks reported 50, and non-bank institutions reported 52, each rising 2 points.

According to the Roundtable 100, analysts this week ranked Shopify Inc. (Nasdaq: SHOP) 31 places above Apple Inc. (Nasdaq: AAPL) in their weekly power ranking of 100 publicly traded technology growth assets. Shopify scored 59 out of 100 and ranks at No. 55, while Apple scored only 49 points and ranks at No. 86. Shopify rose one place higher this week, while Apple slipped three places. The analysts score each asset on team, safety, value, innovation, and market dominance, with the average forming

Chainlink co-founder Sergey Nazarov recently participated in BlackRock's Aladdin Client Forum, discussing the role of blockchain and stablecoins in enabling AI-powered transactions. Nazarov emphasized that for agentic transactions to function effectively, they require trusted data, guardrails, and verifiable execution. The forum brought together industry leaders from BlackRock and Coinbase, highlighting growing institutional recognition of blockchain's potential in finance.

According to GrowthResearch on October 8, Neocreema announced clinical validation of its functional peptide DNF-10 for weight management, demonstrating 2.6kg fat loss and appetite control effects. The ingredient is positioned as an alternative for patients discontinuing GLP-1 therapy due to cost concerns. The company's functional peptide revenue surged nearly threefold to 94 billion KRW in 2025, driving a turnaround to 5.4 billion KRW operating profit. GrowthResearch projects 2026 revenue of 92.

According to News1, on October 8, LG Energy Solution reported third-quarter operating profit of 756 billion Korean won, up 25.7% year-over-year, with revenue reaching 9.6434 trillion won, a 59% increase and the highest quarterly figure to date. The stock rose 4.09% to 407,000 won in morning trading.

As of October 7, South Korea's three foreign casino operators—Paradise, Lotte Tour Development, and GKL—hit year-to-date lows, declining 28.91%, 20.95%, and 16.67% respectively in the second half of 2026. Paradise closed at 9,810 Korean won, Lotte Tour at 11,280 won, and GKL at 8,600 won. The sharp decline follows the government's announcement in July of increased tourism development fund levy rates and a spike in policy uncertainty since February 2026.

According to News1, on October 8, USD/KRW traded at 1,338 won, down 2.4 won from the previous close, as South Korean semiconductor exporters increased dollar selling amid global currency movements. The Dollar Index rose 0.42% to 102.28 overnight, driven by concerns over French fiscal stability and U.S. inflation expectations reaching 3.90%, the highest level in three years and four months. Min Kyung-won, an economist at Woori Bank, said the won is expected to trade around 1,340 won, with the upp

According to TradingBeats monitoring, Multicoin transferred 67,500 HYPE to Coinbase Prime on October 8. Over the past four weeks, Multicoin has moved more than 760,000 HYPE (valued at approximately $62.99 million) to Coinbase Prime.