Gate Crypto Flash News and Market Updates

Brian Armstrong, CEO of Coinbase, congratulated the selected teams for Base Batch 004 in a recent tweet. Armstrong encouraged those not selected to continue building, sharing insights from his own journey: he attempted approximately 10 different startup ideas before achieving success with Coinbase. His message underscores the importance of perseverance in the competitive startup ecosystem.

According to Digital Asset, Google Cloud will shut down its Blockchain Node Engine and Blockchain RPC services on December 15, 2026. The company's existing users are advised to migrate their workloads to QuickNode, an external blockchain infrastructure provider. Any services not migrated by the deadline will stop functioning after the company deletes the associated nodes and RPC endpoints.

According to ChainCatcher, prediction market platform Predict.fun recently posted "Soon" on X alongside an image of a token with the letter "P," hinting at an imminent token launch. The platform has not yet disclosed the token's name, release timeline, or mechanics.

According to Yonhapinfomax, on October 6, Seoul forex market participants expected continued downward pressure on the USD-KRW exchange rate following weak U.S. September non-farm employment data released by the Labor Department. Non-farm payroll additions came in at 29,000, significantly below the market expectation of 90,000, while unemployment rose to 4.2% from 4.1%. However, elevated U.S. long-term interest rates and euro weakness from French fiscal concerns limited the broader decline in glo

According to a briefing held today (October 6), Korean Investment Securities has revamped its mobile trading system (MTS) to attract retirement pension customers from banks, which account for 70-80% of incoming pension assets. The redesigned MTS functions as a digital private banker, consolidating fragmented pension accounts into a single dashboard. The strategy targets long-term customer relationships—DC plan participants average 36 years old with a 1.8% churn rate, enabling approximately 30 ye

According to Korea CXO Institute, while South Korea's 48 major business group leaders saw their stock valuations decline by 18.58 trillion won in the third quarter, Celltrion Group Chairman Seo Jung-jin's stock assets increased by 1.04 trillion won (8.7%) during the same period, marking the largest gain among all group executives. His stock valuation rose from 11.89 trillion won at end-June to 12.93 trillion won at end-September.

According to blockchain investigator ZachXBT on Oct. 5, a Chinese organized crime syndicate laundered more than $1 billion stolen in crypto exploits for North Korea's Lazarus Group. ZachXBT infiltrated the network in February 2025 by posing as a client, depositing $349,700 in stablecoins to build trust with an operator. The investigation identified over $12 million in Bybit-linked funds, with Tether freezing $442,000 in associated USDT.

The Solana Foundation launched Solana DvP on Monday, an open-source escrow program providing financial institutions a standardized API for delivery-versus-payment settlement, released under the MIT license with input from J.P. Morgan. The tool compresses traditional multi-day clearinghouse processes into a single atomic transaction where both the asset and payment settle together or neither does, delivering finality in seconds instead of days.

According to ChainCatcher and monitoring platform Liquid24/7.xyz, Coinbase currently has 71.39 BTC listed for sale at $86,005, representing approximately $6.14 million in nominal value and trading 0.44% above the then-current midprice of $85,626. Near-term total sell depth stands at $25.92 million against buy depth of $24.22 million, with the exchange showing net sell pressure of $1.70 million, or 3.39% of total depth.

According to the U.S. Securities and Exchange Commission, the agency is hosting a webinar today (October 6) at 2 PM Eastern for World Investor Week 2026, focusing on smart investing and investor resilience. The event features speakers from the SEC, CFTC, FINRA, and NFA. Registration is free but required for attendance.

Michael Saylor, CEO of MicroStrategy and Bitcoin advocate, recently tweeted "What we do for Bitcoin echoes in eternity," according to his social media post. The tweet generated 2,819 likes and 282 retweets, drawing significant engagement from the crypto community and underscoring investor interest in Bitcoin.

According to CryptoQuant, Bitcoin micro-transactions below 0.01 BTC have surged to dominate the network, now accounting for nearly 80% of all activity. This represents a significant shift from larger transactions that previously characterized the ecosystem, indicating that Bitcoin users are increasingly adopting the network for smaller, everyday transactions rather than primarily for larger transfers.

The Commodity Futures Trading Commission (CFTC) has opened a public comment period for its cryptocurrency rulemaking initiative, according to recent announcements. Market participants can now engage in the regulatory process by providing feedback on the evolving framework. Coinbase CEO Brian Armstrong highlighted the development's significance, noting it signals progress toward clearer crypto market guidelines.

According to Korea Exchange, on October 6, Doosan shares surged 8.72% to 1,458,000 Korean won during today's trading, while LG Electronics rose 6.48% to 230,000 won. The gains reflect investor optimism following announcements tied to Nvidia's AI infrastructure expansion. Doosan announced plans to invest 970 billion won over three years to strengthen high-end copper-clad laminate (CCL) production capacity, a key component for advanced AI chipsets. LG Electronics signed a long-term supply agreemen

According to Lookonchain, a newly created wallet withdrew 7,166 ZEC from Coinbase in the past 12 hours, valued at $9.67 million.

According to SoSoValue, HYPE spot ETF saw net outflows of $2.7059 million on October 5 (U.S. Eastern Time), with 21Shares Hyperliquid ETF (THYP) accounting for the entire outflow. Despite the single-day decline, the fund's historical cumulative net inflows reached $52.1449 million. As of reporting time, the HYPE spot ETF's total net assets stand at $515 million.

According to SoSoValue, on October 5, SOL spot ETFs experienced a total net outflow of $9.245 million. Bitwise Solana Staking ETF (BSOL) led with $7.121 million in outflows, while Fidelity Solana Fund ETF (FSOL) saw $2.124 million in outflows.

According to Rajath Alex on X, Polymarket launched Protocol V2, its next-generation prediction market smart contract system, on October 5. The protocol features a unified ERC1155 position contract, pUSD collateral, and single exchange design, supporting binary, atomic, incremental, and composite markets. The code has been audited by Cantina and Certora, with formal verification completed and a bounty program offering up to $5 million. Canary markets will run through October 30, with new markets

Spot gold fell below $4,130 per ounce today, declining 0.25% intraday on October 6.

According to Business Insider on October 5, France's 10-year government bond yield surged past 5% last week, while the spread between French and German 10-year yields widened to approximately 160 basis points overnight—the highest level in 15 years. The sell-off reflects investor concerns over France's deteriorating fiscal position, with national debt expected to reach 119% of GDP this year and record-sized bond issuance planned for 2027. Wall Street analysts warn the pressure may spread beyond