Gate Crypto Flash News and Market Updates

According to Yonhap Infomax, USD/KRW traded at 1,343.50 on October 8 as of 8:42 p.m. KST, up 3.10 won from the previous close. The pair peaked at 1,346.00 won during London session trading amid rising global oil prices and dollar index strength, before retreating slightly in New York session. Dollar index traded at 102.328.

According to Yicai, the cryptocurrency market experienced a sharp decline this evening (October 8), with Bitcoin plunging over 3% to $83,511 and reaching its lowest point in a week. Ethereum fell nearly 5%, while Solana declined nearly 3%. Other assets including HYPE, XRP, and ZEC dropped over 4% each. Coinglass data showed that over 110,000 traders were liquidated across the crypto market in the past 24 hours.

According to PANews, on October 8, Nvidia pledged $1 billion over the next five years to advance scientific research and development in the United States.

According to Coinglass data, 50 million USDT were transferred from an unknown wallet to Binance on October 8 at 22:30 UTC.

According to 21st Century Business Herald, L'Oreal's U.S. subsidiary faced approximately 760 ongoing lawsuits related to talc-containing cosmetics allegedly containing asbestos particles as of June 30, up from about 620 cases at year-end 2025. The company has retained legal counsel to handle personal injury claims and is considering separating talc-related liabilities into an independent entity for potential sale. In response to concerns, L'Oreal China stated that all products sold through offic

The Eurogroup will decide on a successor to Schnabel in November. Schnabel, a member of the European Central Bank's Executive Board, will step down from her position.

On Oct 8, Google announced a universal Gemini AI agent for enterprise users that works across multiple apps and devices from a single interface. The agent, part of the Gemini at Work event, is integrated into the Gemini Enterprise app and supports Workspace tools including Gmail, Drive, Docs, Sheets, and Calendar, as well as third-party apps like Slack and Microsoft 365. The agent operates in the cloud, maintaining context across all connected devices, and can collaborate with job-specific sub-a

According to the U.S. Energy Information Administration (EIA), American natural gas inventories reached 850 billion cubic feet for the week ended October 2, surpassing analyst expectations of 790 billion cubic feet and rising from 640 billion cubic feet in the previous week.

On Oct. 6, LG CNS launched KITL, a blockchain infrastructure platform designed to help financial institutions develop and operate digital asset services, including stablecoins, tokenized securities and real-world-linked assets. The platform combines four core capabilities: electronic wallets, transaction processing, commission payments and transaction-detail collection. KITL enables institutions to connect digital asset transactions with existing financial systems rather than building separate i

According to the U.S. Energy Information Administration (EIA), American natural gas inventory increased by 85 billion cubic feet last week, surpassing analyst expectations of 80.88 billion cubic feet. The week-on-week growth rate reached 2.49%, bringing total inventory to 3.50 trillion cubic feet.

According to an announcement on October 8, China Conch Venture (a wholly-owned subsidiary of China Conch Holdings) subscribed to 15.96 million newly issued shares of China CNT at RMB 51.40 per share, valued at approximately RMB 820 million. The subscription is part of a broader offering in which China CNT issued 87.18 million shares in total, with 71.23 million shares allocated to 14 independent subscribers. The capital will support China CNT's project funding and operational needs.

According to the EIA, U.S. natural gas inventories reached 3,500 billion cubic feet for the week ending October 2, up 850 billion cubic feet from the previous week. Year-over-year, inventories declined by 1,300 billion cubic feet, representing a 3.6% drop compared to the same period last year. Inventories were 680 billion cubic feet, or 2.0%, above the five-year average.

According to ChainCatcher, Cardano Foundation has spun off digital identity project Veridian as an independent Swiss company and tokenized most of its 1 million shares on the Cardano blockchain. Veridian became the first company to adopt Cardano's CIP-0113 standard, which enables token issuers to impose transfer restrictions and freeze or seize assets to meet regulatory requirements. The project's mobile wallet is now live, with additional credentials in development to help individuals, enterpri

U.S. Vice President Vance announced that the United States is reforming its H-1B and J-1 visa programs. Universities employing J-1 visa holders, including Harvard, Yale, Stanford, Brown, and MIT, should be investigated, Vance said.

On Thursday, Eli Lilly filed lawsuits in multiple federal courts against five suppliers—American Peptides LLC, LiveWell Peptides, Cenexa Labs LLC, Medrein Health & Aesthetics, and Medshape Weight Loss Clinic LLC—for illegally manufacturing and selling counterfeit versions of retatrutide, an experimental obesity treatment currently in development. The company alleges these enterprises are promoting unapproved injections through illegal black market channels. Eli Lilly stock (LLY) fell over 4.5% t

According to ChainCatcher, Claude Haiku 5.5 launched on B.AI today (October 8) with simultaneous API and Web Chat access. The model supports 1M token context length, up to 128K output tokens, and adaptive reasoning with five configurable intensity levels. It includes image understanding and tool-calling capabilities, optimized for high-frequency calls and latency-sensitive workloads such as classification, routing, information extraction, summarization, real-time customer support, code retrieval

According to Pyth DAO's official announcement, the decentralized autonomous organization has approved proposal OP-PIP-136, directing all product revenue toward purchasing PYTH tokens on the open market and depositing them into the reserve, up from the previous allocation of one-third of non-PYTH treasury balance. The measure replaces monthly voting cycles with a long-term authorization framework and applies to existing non-PYTH assets. Pyth's annualized recurring revenue (ARR) has reached $11.5

According to Yonhap Infomax, on October 8, the U.S. dollar index rose to 102.404, up 0.126% from the previous close, amid expectations of potential U.S. military operations against Iran. West Texas Intermediate crude oil futures for November delivery surged nearly 5% to around $93 per barrel, while the euro declined to 1.11796 against the dollar on concerns over European economic exposure to energy prices. According to Axios, the U.S. Department of Defense has instructed Central Command to prepa

According to Pyth official blog on October 8, Pyth DAO has approved a '100% rule' directing all DAO-received product revenue toward open-market PYTH token buybacks, replacing the previous mechanism of allocating one-third of non-PYTH treasury reserves monthly. As of end-September, Pyth's annual recurring revenue (ARR) reached $11.49 million, up 86.5% quarter-over-quarter, with 276 paying accounts.

According to BlockBeats, Citrini Research disclosed its investment portfolio on October 8 in an article titled "Breaking The Wall", which discusses the intersection of agentic AI with cryptocurrency and traditional finance. The disclosed crypto token allocation includes Derive (DRV) 10%, Lighter (LIT) 10%, Ether.fi (ETHFI) 10%, Aave (AAVE) 9%, Ethena (ENA) 9%, Solana (SOL) 8%, Hyperliquid (HYPE) 7%, Aerodrome (AERO) 7%, LayerZero (ZRO) 5%, Chainlink (LINK) 5%, Backpack (BP) 5%, Maple (SYRUP) 5%,