Gate Crypto Flash News and Market Updates

According to South China Morning Post, Biren Technology announced plans to raise about HK$4 billion (US$509 million) through a share placement on Thursday. The Shanghai-based AI chipmaker will issue 130 million new shares at HK$31.08 (US$4) each, approximately 10% below the previous close. Biren shares closed down 11.9% in Hong Kong following the announcement. The company said proceeds will fund manufacturing capacity, component purchases, and preparations to launch next-generation AI processors

According to a Reuters survey, 70 out of 73 economists predict the European Central Bank will maintain its deposit rate at 2.50% on October 29.

According to Reuters survey, 64 of 73 economists expect the European Central Bank to raise its deposit rate by 25 basis points to 2.75% in December, up from a previous forecast of 2.50% in September's survey when 58 economists held that view.

According to CoinDesk and ethPandaOps data, Ethereum's Glamsterdam upgrade activated on Sepolia on October 6, raising the block-gas limit from about 60 million to nearly 200 million. By early October 8, sampled blocks were using only 52 million to 92 million gas—26% to 46% of the new capacity. During a six-minute testing period on early Thursday, all 32 scheduled blocks were produced and 99.97% of eligible testnet stake voted toward finality. Hoodi, the next testnet, is tentatively planned for O

According to Tass, Kirill Tsarev, first deputy chairman of Sberbank, said the Russian lender has noted significant customer interest in cryptocurrencies and is exploring how to launch related offerings within regulatory frameworks. Tsarev noted that cryptocurrencies have become an integral part of global markets.

According to Financial Times, U.S. defense contractors warned on October 8 that a government initiative to establish strategic mineral reserves could drive up raw material prices and intensify competition for scarce resources. The Aerospace Industries Association released a member opinion report Thursday cautioning the government to "proceed carefully" to avoid disrupting normal market operations. The U.S. Export-Import Bank announced a $12 billion plan called "Project Vault" this year, designed

According to ChainCatcher, the European Securities and Markets Authority (ESMA) issued guidance on Thursday (October 8) requiring EU crypto firms to cease providing services related to non-compliant stablecoins under the Markets in Crypto-Assets Regulation (MiCA) framework. The deadline for resolving existing exposures is January 8, 2027. The directive applies to crypto service providers including exchanges, custodians, transfer services, investment advisors, and portfolio managers. ESMA require

According to an official statement released on October 8, China's central bank reiterated its policy stance on the yuan exchange rate. The People's Bank of China operates a managed floating exchange rate regime based on market supply and demand, with reference to a basket of currencies, allowing the market to play a decisive role in exchange rate formation. Over the past two decades, the yuan has undergone multiple cycles of appreciation and depreciation, with increasing two-way flexibility and

According to Axios, the Pentagon ordered the U.S. Central Command to prepare for large-scale military operations against Iran on October 8, though no specific attack timeline was set and President Trump has not made a final decision. In separate developments, Russia announced on October 8 it will extend its diesel export ban through October 31, adding pressure to global fuel supply. Global diesel crack spreads remain at historical highs amid ongoing Middle East tensions.

According to @WuBlockchain, Hyperliquid Labs completed the distribution of 3.75 million HYPE tokens worth approximately $330 million for over-the-counter (OTC) deals. Half of the tokens, totaling 1.875 million, have already been transferred to five different OTC buyers, with each buyer receiving 375,000 HYPE tokens.

According to Ukrainian President Zelensky, on October 8, a residential building in Pryluky, Chernihiv region, was struck by Russian forces, killing 22 people and injuring 54 others. Zelensky reported that Ukrainian cities came under repeated attack that day: a residential building in Kyiv was hit, killing 2 and injuring 4; a building in Odesa was damaged by drone strikes; and Ukraine's energy infrastructure was struck again. The Russian military's recent series of attacks has affected 10 regions

According to Yonhapinfomax, the USD/KRW exchange rate rebounded to 1,340.70 Korean won during the London session on October 8, driven by custody bank dollar buying interest. The pair had fallen to 1,338.50 won earlier in the afternoon before recovering 1.90 won as seller interest weakened amid strong international oil prices. The rebound briefly pushed USD/KRW to an intraday high of 1,341.00 won before settling around the 1,340 won level. A local commercial bank trader attributed the move to eas

According to ING, the bank extended its OneInvestments platform to Romania in October 2026, launching the ING Invest brokerage service within the Home'Bank app. The expansion comes as ING's active investment client base surpassed 5 million as of June 2026, marking an increase of approximately 400,000 over the previous twelve months. ING Invest provides retail clients direct market access to stocks and exchange-traded funds on the Bucharest Stock Exchange and European exchanges, with zero trading

According to BlockBeats, on October 8, whale 0x020c (Huang Licheng) holds approximately 36,200 ETH in a 25x leveraged long position worth about $92.88 million with an average entry price of $2,646.10, currently showing an unrealized loss of roughly $2.83 million. ETH is trading around $2,568, while the liquidation price stands at $2,508.20—a difference of approximately $59.70. A 2.3% ETH decline would trigger the liquidation. Several other major long positions also face near-term risk: another w

According to German Economic Weekly, Iran's intelligence agencies are targeting two U.S. military bases in Germany as of October 8: Ramstein Air Base in Rhineland-Palatinate and Spangdahlem Air Base in the Eifel region. Western intelligence officials said Israel's intelligence agency and other agencies warned the U.S. and German intelligence of threats about three weeks ago, a report The New York Times also covered. Spangdahlem hosts the U.S. Air Force's 52nd Fighter Wing and deploys F-16 fighte

According to S&P Global Market Intelligence, the iTraxx Europe Crossover Index hit 316 basis points today, marking a six-month high.

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