Gate Crypto Flash News and Market Updates

According to CFTC data as of the week ending October 6, the British pound held the largest net short position at 97,611 contracts, followed by the euro at 99,332 contracts. The Swiss franc had a net short position of 23,740 contracts, while the Japanese yen maintained a net long position of 62,325 contracts.

According to the U.S. Commodity Futures Trading Commission (CFTC), during the week ending October 6, COMEX gold speculators reduced net long positions by 9,599 contracts to 114,820; silver speculators cut net long positions by 129 contracts to 7,608; and copper speculators decreased net long positions by 17,244 contracts to 61,465.

According to the U.S. Commodity Futures Trading Commission (CFTC), as of the week ended October 6, WTI crude oil speculators reduced their net long positions by 19,516 contracts, bringing the total to 111,635 contracts.

According to the U.S. Commodity Futures Trading Commission (CFTC), natural gas speculators' net short positions across the four major NYMEX and ICE markets increased by 30,679 contracts to 111,835 in the week ended October 6.

According to DefiLlama's recent announcement, the analytics platform has expanded its tracking capabilities to cover over 1,700 tokenized stocks and ETFs. The expansion reflects growing interest in tokenized financial products and aims to enhance liquidity and accessibility for investors seeking alternative trading avenues.

According to Bloomberg and U.S. Department of Agriculture data, CBOT corn futures fell 3.95% to $4.8050 per bushel on Friday, October 9, marking the largest single-day decline since 2023. The drop accelerated after the USDA unexpectedly raised its crop output forecast in its monthly inventory report released at 00:00 Beijing time, triggering a sharp market repricing. The Bloomberg Grains Index fell 1.88% to 32.4447 points, while wheat futures declined 2.01% to $6.7075 per bushel on the week.

According to Bloomberg, Venezuela's creditor group has expanded to approximately $22 billion of the country's outstanding debt, currently representing 37% of total obligations. The ad hoc creditor committee, which includes institutional investors such as Grantham Mayo Van Otterloo & Co. and T. Rowe Price Group Inc., is expected to increase its stake to 40% within the coming weeks, strengthening its negotiating position as debt restructuring talks gain traction in both Washington and Caracas.

According to Tasnim News Agency, on October 9, a roadside bomb attack occurred in Zahedan, Sistan and Baluchestan Province in southeastern Iran, killing one police officer and injuring several others. The officer was conducting a security operation when his patrol vehicle was struck by the explosive device. A police spokesperson stated the attack took place on a highway near Zahedan, and the main perpetrator was killed while attempting to flee the scene.

According to yicai, spot gold and silver crashed overnight on October 9, with gold breaking below $4,100 per ounce and declining 2.26% on the day, marking its lowest level since August 5, while spot silver fell below $60 per ounce, down 3.50%. In the crypto market, Bitcoin dropped over 3% to $83,511, near a one-week low. Ethereum fell nearly 5%, with SOL, XRP, and ZEC also declining over 3-4%. According to Coinglass data, over 110,000 traders were liquidated across the crypto market in the past

According to the White House, Keith Sandlin was sworn in as U.S. Secretary of Labor today (October 9).

According to the White House, Keith Sunderland was formally sworn in as U.S. Secretary of Labor today (October 9).

Tether temporarily froze approximately 1.45 million USDT associated with THORChain's treasury on October 9 and unfroze the funds two hours later without providing any explanation.

According to Yonhap Infomax, President Donald Trump announced today (October 9) that he plans to make a significant announcement regarding diesel prices. Speaking at a Columbus Day ceremony at the White House, Trump stated, "We will have big news on the diesel situation. We will address that issue forcefully," though he did not specify the measures involved. U.S. average diesel prices currently stand at $6.28 per gallon according to the American Automobile Association (AAA), up approximately 70%

The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) extended authorization for Russian diesel imports through April 2027, according to an official announcement. The Trump administration has granted the continuation of the "Russian diesel operation," maintaining the current import framework through the specified deadline.

According to The New York Times and other U.S. media citing White House officials, Katie Zacharia, a communications advisor at President Trump's Truth Social platform, has been selected as the next White House Press Secretary on October 9. The position was left vacant after Leavitt's departure in August. It remains unclear whether Zacharia will accept the position.

According to Coinbase's official statement recently shared on X, users who did not qualify for standard credit card approval may be eligible for a secured credit card requiring a cash deposit. The company noted that on-time payments help build credit history, and users can check eligibility without impacting their credit score.

According to Coinbase's official announcement, the platform introduced a USDC collateral deposit option for users not approved for the standard Coinbase One Card. Deposited USDC cannot be traded, withdrawn, lent, or transferred; funds will be used to offset any outstanding account balances if the account defaults or is closed, with remaining USDC released after the account is fully settled.

According to Yonhap Infomax, on October 9, Trump issued an executive order establishing an investigation committee to investigate Federal Reserve Governor Lisa Cook over alleged mortgage fraud. The committee must hold a hearing with Cook on November 5 at the White House, not exceeding 4 hours, to review evidence and determine whether grounds for dismissal exist. Cook's legal team expressed doubts about the procedure's legality but welcomed the opportunity to present facts proving her innocence.

Brent crude oil futures settled at $104.72 per barrel today, up 44 cents or 0.42%.

According to Jin10 Data, WTI and Brent crude both dropped over $1 per barrel on October 10, trading at $90.13 and $102.05 per barrel respectively.