Gate Crypto Flash News and Market Updates

According to Yonhapinfomax, on October 8, South Korea's bond market saw interest rate swap (IRS) rates rise across all maturities. The 1-year IRS rate climbed 1.50 basis points to 3.6425%, while the 5-year reached 4.1450% (up 5.00bp) and the 10-year hit 4.2400% (up 5.00bp). A bond dealer attributed the sharp decline in 5-year rates late in the session to foreign investor selling pressure. The 2-year and 3-year segments also posted gains of 2.75bp and 3.50bp, respectively.

According to Yonhapinfomax, the Korean won traded relatively steady around 1,338.50 won against the U.S. dollar on October 8, down 1.90 won from the previous Seoul market close. Despite broader dollar strength and domestic stock market decline, the won held firm supported by export company hedging flows. August's current account surplus reached 4.611 billion U.S. dollars, the second-highest on record, driven by strong semiconductor exports. The Kospi index fell 2.62% to 6,625.93, while the Kosda

According to Yonhap Infomax, South Korea's government bond market closed mixed on Oct 8, with longer-duration bonds outperforming amid a curve flattening pattern. The 30-year yield fell 4.3 basis points to 4.448%, while the 3-year yield rose 2.2bp to 3.983% and the 10-year yield climbed 1.9bp to 4.395%. Thin trading ahead of Korean Thanksgiving (Hangul Day) holiday contributed to the mixed price action, as U.S. Treasury yields stabilized following favorable 10-year auction results and no hawkish

According to Cathie Wood's latest investor letter from ARK Invest on October 8, 2026, the CIO predicts that five converging innovation platforms—artificial intelligence, robotics, energy storage, blockchain, and multiomics—could push sustainable U.S. productivity growth to 5–6%, significantly above the historical 2–3% range. Wood highlighted that AI inference costs have fallen more than 99% annually since deep learning breakthroughs, while whole-genome sequencing has dropped from $2.7 billion in

Israel's Defense Ministry announced today (October 8) that the first Tamir interceptor for the Iron Dome air defense system, fully manufactured and assembled in the United States, has been delivered from Arkansas. The interceptor was produced by a joint venture between U.S.-based Raytheon and Israel's Rafael Advanced Defense Systems, with manufacturing taking place at the company's Arkansas facility. This marks the first time a complete Iron Dome production line has been established outside Isra

According to Bank of England monetary policy committee member Greene, preliminary indications suggest UK wage growth will be approximately 3.5% next year, raising his concerns.

According to Jeff Yan, the founder of Hyperliquid, on October 8 at the DAS 2026 Asia Summit, he would potentially research options if he were building again and barred from focusing on infrastructure. Yan noted in his Empire podcast interview that while perpetual futures satisfy many users, some traders seek instruments beyond perpetuals to express their full market views. He observed that options have achieved scale and maturity in traditional finance but have not reached the same level in cryp

ALGO surged 10.95% in one hour today, climbing from $0.1251 to $0.1388, driven by increased network activity. The 24-hour gain reached 17.13%, with trading volume hitting approximately $7.2 million, reflecting strong investor interest. The price spike aligns with a notable rise in on-chain transactions and network engagement.

CITIC Bank (00998) announced on October 8 that it will distribute an interim dividend of RMB 0.203 per share on December 22, 2026. The dividend covers the six-month period ending June 30, 2026.

According to a filing on October 8, Xu Hui Holdings Group (00884) reported contract sales of approximately RMB 6.99 billion for the first nine months of 2026, with a sales area of approximately 721,500 square meters and an average price of around RMB 11,400 per square meter. The company's attributable contract sales reached approximately RMB 3.68 billion during the same period.

Tong Ren Tang Chinese Medicine (03613) recently received a product registration certificate from the Hong Kong Chinese Medicine Council for Zhiding Pill, permitting its sale in Hong Kong. The traditional Chinese medicine is indicated for qi supplementation and heart nourishment with spirit-calming and mind-stabilizing functions. According to the filing, cumulative R&D investment totaled approximately HK$800,000 (unaudited); the product has not yet entered market sales.

According to Sky News, UK Chancellor Rachel Reeves will meet with retail and hospitality industry leaders next week.

According to Wirtschaftswoche, Israel warned the United States and Germany of existing threats three weeks ago, around mid-September.

According to Second, the Ark Protocol implementation project disclosed that its server was attacked on Monday, resulting in a loss of 0.75 Bitcoin, valued at approximately $62,300 in self-owned funds. The team confirmed user assets were not impacted and completed repairs within hours. Attackers subsequently attempted further fund extraction and denial-of-service attacks. Second also noted the incident may temporarily affect Bitcoin wallets' ability to receive Lightning Network transfers.

According to State Street, the global institutional investors' Risk Appetite Index fell to -0.18 in September from 0.36 in August, marking the lowest level since the March Iran conflict outbreak. The decline signals the end of a five-month risk-on trend among major asset managers. In response, institutional investors reallocated funds from equities to bonds. Stock allocations decreased 0.8 percentage points to 56.6%, while bond holdings rose 1 percentage point—the largest monthly increase in ove

According to Yonhapinfomax, crude oil prices jumped on October 8 as the White House requested the Pentagon to prepare options for military strikes against Iranian targets ahead of the U.S. midterm elections. WTI crude oil futures rose 3.43% to $91.31 per barrel as of 4:27 p.m. Seoul time. The price surge reflects escalating Middle East tensions: Houthi militants attacked major infrastructure in Saudi Arabia's Jizan and Najran airports, while Iran threatened tanker traffic through the Strait of H

ADNOC, the UAE National Oil Company, set the official price for November Murban crude oil at a premium of $11 per barrel against the Dubai benchmark price.

According to an announcement, China Biologic Products (1177.HK) subsidiary Sino Biopharma recently completed full recruitment for the Phase III pivotal trial (PACER-III) of TQC3721 inhalation suspension, a dual PDE3/4 inhibitor developed for maintenance treatment of chronic obstructive pulmonary disease (COPD). The inhaled formulation targets smooth muscle relaxation and inflammation suppression in COPD patients. The company is also advancing a dry powder inhaler variant in Phase II trials.

According to external media, Saudi Arabia is negotiating with customers to include oil shipment options outside the Strait of Hormuz in 2027 long-term supply contracts, formalizing temporary transport arrangements adopted during regional tensions. The talks must be finalized by year-end. If approved, the move marks a major shift in Saudi crude delivery methods, as long-term contracts account for the majority of the country's oil sales. Saudi Aramco is also discussing additional adjustments, incl

According to ChainCatcher, TRON founder Justin Sun announced the "Sun Prize" at TOKEN2049 Singapore, offering up to $1 million per problem to reward contributors in mathematics and artificial intelligence. Sun stated that the fusion of cryptocurrency and AI agents will be one of the most important application scenarios over the next five years. TRON's protocol manages approximately $100 billion in assets and processes $20-30 billion in daily transactions.