Gate Crypto Flash News and Market Updates

According to Al Jazeera, at a campaign rally on Oct 6 in Grand Island, Nebraska, Trump stated that higher U.S. gas prices represent a 'small price' Americans pay for maintaining world and national security. Trump predicted gasoline prices will drop below $1.85 per gallon within 'a very short time,' with the decline potentially occurring before or after the Nov 3 mid-term elections.

According to RootData, Unitas (UP) will unlock approximately 24.38 million tokens worth $5.61 million on October 13 at 12:00 AM Beijing time.

EDU's price fell sharply by 10.03% within the last hour today, dropping from $0.0638 to $0.0574. The sudden decline has coincided with a surge in trading activity, with 24-hour trading volume reaching $5,994,761.2. Despite the recent dip, EDU recorded an 8.30% gain over the past 24 hours, with the token reaching an intraday high of $0.0639 earlier today before the sharp selloff.

USD/JPY broke above 158 today, gaining 0.08% intraday.

According to Odaily, Liquid Capital founder Yi Lihua suggested today on X that exchanges should prioritize project credibility as a key evaluation metric. Yi highlighted growing issues in the industry, noting that some projects engage in unethical practices such as preventing users from withdrawing Bitcoin, arbitrarily freezing investor assets, and forcibly modifying contract terms. He drew a parallel to fraud penalties and delisting rules in traditional stock markets, calling for similar accoun

According to Odaily, Lighter repurchased 597,200 LIT tokens in September, bringing cumulative buybacks since TGE to 18.15 million LIT, representing 7.26% of circulating supply. The platform recorded 56.2 billion dollars in total trading volume and 4.44 million dollars in network revenue for the month.

According to Business Insider, Bank of Japan Deputy Governor Shinichi Uchida said on October 5 that artificial intelligence could change the level at which interest rates ultimately settle by stimulating demand, raising productivity, and increasing capital investment. Uchida described AI as a major positive demand shock that applies upward pressure on the economy and prices, while also boosting supply through increased productivity and capital accumulation. He emphasized this shift could raise t

According to Deutsche Bank's global market survey released October 5, 30% of investors surveyed cited inflation concerns as the primary factor behind the recent rise in U.S. Treasury yields, while 69% listed inflation among the top three drivers. The survey polled 460 global investors between September 28 and October 1. However, Deutsche Bank noted that market-implied inflation expectations have not moved significantly. The 5-year breakeven inflation rate rose only 0.1 percentage point, and the

According to Mark Zandi, chief economist at Moody's Analytics, on September 5, the U.S. labor market is significantly weaker than the headline 4.2% unemployment rate indicates. Zandi's adjusted slack gauge, which factors in voluntary quit rates, hiring rates, and core-age employment levels, currently sits at approximately 5.5%, suggesting excess labor supply similar to conditions when inflation pressures mount. With U.S. inflation at 3.5% versus the Federal Reserve's 2% target, and the labor mar

At the OKX NOW Global Product and Ecosystem Conference in Singapore today, Ethereum co-founder Vitalik Buterin stated that AI has demonstrated strong penetration and attack-defense capabilities. According to ChainCatcher's on-site coverage, Vitalik noted that "any vulnerable system will eventually be discovered by AI—GPT-7, Claude 7, and DeepSeek 7 will all find it." Vitalik highlighted that higher security standards will transition from optional to mandatory as the industry enters a fascinating

According to Flightradar24, a U.S. Navy MH-60R Sea Hawk helicopter declared an emergency and issued a 7700 emergency code while flying over the Red Sea near Yanbu, Saudi Arabia, early on October 6. The aircraft then disappeared from public flight tracking systems. The cause of the emergency remains undetermined.

According to The Fact, KB Kookmin Card, global digital asset payment infrastructure firm Moneypage, and fintech company Finger signed a partnership today (October 6) to develop collaborative business models for digital asset and stablecoin-based payment services. The three companies will leverage their respective payment infrastructure, digital asset capabilities, and fintech expertise to integrate digital assets into actual payment operations. Services under discussion include enabling foreign

According to Newsis, on October 6, Hong Kong's Hang Seng Index rose 0.99% to 24,279.63 points at market open, following strength in overnight U.S. markets. H-shares, which track Hong Kong-listed Chinese enterprises, gained 0.84% to 8,131.19 points. Tech stocks led gains, with e-commerce firm Alibaba and fashion platform Shein surging, while Tencent, Meituan, Xiaomi, Kuaishou, and Baidu also advanced. By 10:48 a.m. Hong Kong time, the Hang Seng had gained 0.74% to 24,217.78, with H-shares up 0.84

According to ChainCatcher, Moonshot AI has completed its latest private funding round at a valuation of approximately $50 billion and is preparing for an initial public offering in Hong Kong in the first quarter of 2027. The company has begun investor discussions this month to gauge investment interest, with insiders noting that negotiations are ongoing and the IPO timeline may be subject to change.

Daishin Asset Management unveiled its Shareholder Return High-Dividend Fund on October 6, combining dividend yield with share buybacks and cancellations to select domestic South Korean companies with high shareholder returns. Unlike conventional high-dividend strategies focusing solely on dividend yields, the fund evaluates total shareholder returns by combining dividends and buybacks. It identifies companies with strong return policies but relatively lower stock prices, adjusting positions as v

According to Anthropic's IPO prospectus reviewed in October 2026, Broadcom has agreed to lend the AI company up to $42 billion through convertible notes to fund large-scale infrastructure buildout. The financing is expected to cover roughly one-third of Anthropic's $125.2 billion five-year commitment to tensor processing unit (TPU) compute capacity. As part of a broader $60 billion funding package led by a syndicate of banks, the Broadcom tranche is tied to Anthropic-related chip acquisitions an

According to South Korean lawmaker Park Sung-hoon citing Financial Supervisory Service (FSS) data, 149,710 workers converted their retirement pensions from defined-benefit (DB) to defined-contribution (DC) plans in June-July 2026, a 181.2% increase from the same period in 2025. July alone saw 105,736 conversions, more than double June's 43,974, accounting for 44% of the year-to-date total of 340,156 switches. Many conversions likely occurred in June when South Korea's KOSPI index hit a record 9,

According to News1 on October 6, South Korea's KOSDAQ index surged 2.5% to 915.63 during morning trading, driven by gains in semiconductor equipment and cybersecurity stocks. Both institutional and foreign investors posted net buying of 373 billion won and 1.104 trillion won respectively. Meanwhile, the KOSPI index fell 0.54% to 6,965.61, weighed down by a 2.61% decline in SK Hynix and broader weakness in memory chip stocks. The broader sell-off was fueled by rising U.S. Treasury yields—the 10-y

According to Korean Stock Exchange data, South Korea's cybersecurity stocks surged on the morning of October 6, with Raon Secure jumping 29% to 14,760 won and Genians rising 21% to 24,700 won. The rally was driven by growing concerns over AI-enabled hacking attacks and a series of recent data breaches at major South Korean financial institutions, including Shinhan Bank, KB Kookmin Bank, Hana Bank, and BNK Busan Bank. Multiple other security-focused companies, including Sandslab, E2W, ICTEK, and

In the first seven months of 2026, Taiwanese lenders extended a record NT$4 trillion (approximately $126 billion) in loans, with much of that money flowing toward the AI supply chain. Working capital loans to AI supply chain firms linked to TSMC, Nvidia, and Microsoft grew nearly eight times faster than mortgage lending over the same period. Across Asia-Pacific, G3 syndicated lending excluding Japan reached $171 billion in the first nine months of 2026, marking a six-year high and a 6% year-over