Gate Crypto Flash News and Market Updates

According to Jin10, the UN Security Council held the fifth round of straw polls on October 7 to select the next secretary-general. Greece's permanent representative to the UN, Ioannis Vrailas, who holds the council's rotating presidency this month, said after the vote that results would be communicated to candidates through their nominating countries.

According to the U.S. Energy Information Administration (EIA), U.S. commercial crude oil inventories fell 3.18 million barrels to 424.1 million barrels for the week ended October 2, marking the largest decline in six weeks. However, the inventory draw failed to lift oil prices, with WTI crude futures retreating to around $89.50 per barrel. Gasoline stockpiles unexpectedly rose 382,000 barrels, easing near-term supply concerns. In contrast, distillate (diesel) inventories remain at historically l

According to the New York Federal Reserve's September Consumer Expectations Survey released on October 7, U.S. consumers' 1-year inflation expectations reached a median of 3.9%, up 0.3 percentage points from August and the highest level since May 2023. Three-year inflation expectations rose 0.1 percentage points to 3.3%, while 5-year expectations remained at 3.0%.

According to Gate data, Brent crude oil (XBRUSD) fell to $103.94 per barrel, down 0.2% over the past 24 hours.

The UK Court of Appeal has recently overturned the convictions of five former Barclays traders in landmark rate-manipulation cases. Judges quashed the convictions of Alex Pabon, Jay Merchant, and Jonathan Mathew, who were imprisoned in 2016 for conspiracy to defraud over London Interbank Offered Rate (Libor) manipulation. Two other former traders, Philippe Moryoussef and Colin Bermingham, had their convictions for European Interbank Offered Rate (Euribor) manipulation overturned; they were initi

According to the International Energy Agency (IEA) on October 7, member states maintain 1.1 billion barrels of publicly held emergency oil reserves, with over 200 million barrels comprising diesel. The IEA stated that approximately 325 million barrels have been released since March under a coordinated action plan, with an additional 100 million barrels available for future market release if needed. The agency prioritizes diesel reserve releases to address current market supply tightness.

Helium's HNT token surged 8.11% in just 30 minutes today, climbing to $0.552289. The cryptocurrency also gained 7.79% over the past 24 hours, with trading volume reaching $7,879,235. HNT's market cap stands at approximately $107.3 million, with the coin trading between a low of $0.491216 and high of $0.552289 during the day.

According to her recent statement, Senator Cynthia Lummis criticized Democrats for voting against consumer protection measures in the Clarity Act, specifically provisions ensuring exchanges can access and transfer customers' private keys. The Clarity Act seeks to mandate that exchanges demonstrate their ability to manage customer private keys, a safeguard Lummis argues is essential for protecting consumer funds.

According to @whalealert, Binance recently received a transfer of 304.7 million DOGE, valued at approximately $27 million, from an unknown wallet. The large transaction has drawn attention from traders monitoring potential shifts in supply and demand dynamics.

According to Russian Defense Ministry statements on October 7, Russian forces conducted strikes across 146 areas over the previous 24 hours, targeting Ukrainian drone production facilities, ammunition and military supply depots, as well as temporary deployment points of Ukrainian and foreign mercenary forces. Russian air defense systems intercepted 4 guided aerial bombs and 764 fixed-wing drones. Ukrainian Armed Forces General Staff reported on October 7 that Ukrainian forces struck multiple Rus

According to a Houthi spokesman, the militant group struck Saudi Arabian military positions and a gathering point of the '13th Giant Brigades' with 12 ballistic missiles over the past 24 hours. The strikes reportedly resulted in dozens of casualties.

According to Federal Reserve data, overnight reverse repurchase (RRP) agreement usage declined to $2.338 billion on October 7, with 15 counterparties participating, down sharply from $4.14 billion the previous trading day.

The U.S. Securities and Exchange Commission recently issued a report examining the role of Climate Action 100+ in promoting the election of dissident directors at Exxon Mobil's 2021 annual shareholder meeting. While the SEC determined it would not pursue enforcement action based on currently available information, the agency stated it harbors "serious concerns" about the conduct of Climate Action 100+ members and other participants involved in the activities.

According to Central Television CCTV, on October 7, a senior Iranian official stated that Iran will not abandon its uranium enrichment rights, calling it a "red line" for the country. The statement responded to U.S. Vice President Vance's remarks on October 5 demanding Iran make "substantial" reductions in uranium enrichment capacity to resolve the U.S.-Iran conflict. The official said the U.S. position and Iranian demands remain at odds on this matter.

According to Reuters, Micron Technology stock fell over 3% on October 7 after workers at its Taiwan operations voted to authorize a strike over the company's employee bonus scheme. Some 1,994 union members from Micron's Taoyuan facility voted in favor of the strike, accounting for 99% of ballots cast. The union objected to the company's NT$1 million (approximately $31,386) cash bonus for Taiwan employees, demanding instead a permanent profit-sharing system. The authorization does not mean worker

According to ChainCatcher, Matter Labs open-sourced Prividium's permission engine on September 8 under Apache 2 license. The engine manages on-chain roles and access permissions. The open-source release allows institutions to run permissioned chains independently without commercial agreements and inspect or modify core code, reducing vendor dependency. German Bundesbank became the first institution to test and deploy the open-source permission engine on its own infrastructure, with both parties

According to Ukraine's Foreign Ministry spokesman on October 7, Ukraine is willing to participate in three-way peace talks involving Ukraine, Russia, and the United States, with hopes to hold discussions this month. The Foreign Ministry revealed that Ukraine is currently studying five different ceasefire mechanisms, including comprehensive unconditional ceasefire, Black Sea ceasefire proposals put forward by Turkey and Egypt, India's energy-sector focused plan, and a possible energy ceasefire op

According to Iran's Foreign Minister Araqchi, Iran's delegation presented an innovative proposal during the UN General Assembly to restore security in the Strait of Hormuz, including a seven-day plan aimed at achieving that objective.

The U.S. Treasury conducted an auction of $39 billion in 10-year notes with a stop-out yield of 5.3%, compared to 4.834% on September 9. The bid-to-cover ratio came in at 2.77, up from 2.71 in the previous auction.

According to CoinCodex, Shiba Inu (SHIB) fell 5% on Wednesday despite massive token burns and broad crypto weakness. A single transaction removed nearly 298 million SHIB from circulation, yet failed to support the price. Derivatives positioning amplified the decline, with around $285,000 in SHIB positions liquidated over 24 hours, of which approximately $271,000 came from long positions, accounting for roughly 95% of all liquidations.