Gate Crypto Flash News and Market Updates

According to Chile's National Copper Commission (COCHILCO), Escondida copper mine saw output decline 27.6% to 76,100 tonnes in August. Codelco's Chuquicamata mine also reported a 25.1% drop to 26,500 tonnes for the same period.

According to the U.S. Bureau of Ocean Energy Management, as of today, 8 of the 11 non-dynamically positioned drilling platforms currently operating in the Gulf of Mexico have evacuated personnel, representing 72.73% of the fleet in the region.

Following the U.S. non-farm payroll release today, Bitcoin surged to $87,000 before pulling back to $86,773. The cryptocurrency gained over 3% during the session.

According to the U.S. Bureau of Ocean Energy Management (BOEM), on October 10, approximately 71.51% of U.S. Gulf of Mexico oil production and 58.84% of natural gas production have suspended operations.

According to Russian officials, on October 8, the country denied reports of a second case at the Irkutsk Siberian and Far Eastern Plague Control Research Institute and lifted related preventive measures. A 28-year-old female staff member died on October 2 from pneumonia of unknown origin. Irkutsk Governor Igor Kobzev stated that medical observation of all individuals who contacted the patient has ended, with no health issues related to infectious diseases identified. The deceased was confirmed t

According to CNBC, telecommunications stocks tumbled on Friday following SpaceX's announcement of a spectrum acquisition to expand Starlink into mobile service. Verizon fell approximately 7%, marking its worst day since 2002, while AT&T declined around 10% and T-Mobile dropped 12%. FCC Chair Brendan Carr stated that increased spectrum market competition is beneficial for consumers, with over $100 billion in spectrum expected to enter the market over the next two years.

According to BlockBeats citing Onchain Lens, on October 10, hackers connected to the recent Ledger incident transferred 430.2 ETH (worth approximately $1.07 million) to Tornado Cash through four wallets. Part of the stolen funds subsequently flowed into Binance hot wallets. The incident involves approximately $90 million in total losses linked to Ledger distributor CryptoBillis.

According to Arbitrum's official announcement, the network has launched Fast Feed and PGA (Priority Gas Auction) features to enhance transaction visibility and expedite execution. Fast Feed allows users to see executed transactions more quickly, while PGA enables users to compete for better transaction ordering on the Layer 2 network.

According to HTX market data, Ethereum is trading at $2,498.92 after falling below the $2,500 level, with a 24-hour gain of 2.41%.

According to COMEX, on October 9 at 10 a.m. ET, December gold futures rose $55.30 to $4,312.30 per troy ounce, up 1.33% and marking the highest level since October 2. The advance was supported by easing geopolitical tensions after U.S. President Donald Trump stated on Truth Social that the U.S. would not attack Iran at any point before the November 3 midterm elections, reducing pressure on oil prices and longer-term Treasury yields.

According to Richard Teng's official Twitter statement, the Binance CEO advocated for seamless financial integration across digital assets, stablecoins, and traditional fiat currencies. Teng's remarks come ahead of the Digital Asset Summit and reflect growing user demand for a unified platform to manage multiple financial products, addressing fragmentation in the current crypto market landscape.

According to HTX trading data, MAGIC surged over 60% in 24 hours as of October 10, now trading at $0.0992 and reaching a market cap of $33 million.

According to the Planning and Budget Ministry, Korea's pension fund investment pool posted a monthly return of -2.89% in July, marking the year's lowest performance. Year-to-date cumulative returns declined sharply from 8.09% in June to 4.97%, as most asset classes except money market funds and domestic bonds fell into negative territory. Domestic stocks fell 23.63%, overseas stocks dropped 9.44%, and overseas bonds plunged 84.62%, the worst single-month performance.

According to The Fly, DA Davidson analyst Matt Curtis estimated only a 20% probability that Starbucks' reported potential acquisition of Chipotle would be completed on Friday, while maintaining a 'Neutral' rating and $110 price target on Starbucks. Curtis acknowledged potential growth opportunities but noted limited business overlap between the two companies. Other analysts remained divided on strategic fit. TD Cowen viewed a deal potentially valued over $44 billion as inconsistent with CEO Bria

According to BlockBeats, on October 10, Mt. Gox former CEO Mark Karpelès disclosed discovering a Ledger hardware wallet allegedly implanted with a spy module containing LTE communication components, eSIM, and a microcontroller. The device reportedly originated from Malaysia with intact packaging, with the module hidden within the screen's buffer pad area. The spy module can analyze characters displayed on the device and transmit seed phrase data after setup completion. This would allow attackers

According to Treasury Secretary Scott Bessent speaking at the Policy Summit in Washington, the U.S. Treasury plans to seize approximately $1 billion in cryptocurrency associated with Iran this week. Bessent confirmed that U.S. authorities have identified the locations of the targeted crypto assets as part of an ongoing economic isolation campaign against Iran, reinforcing existing sanctions efforts.

According to Financial Times, DWF Maas and Falcon Digital, two firms tied to market maker DWF Labs, sued BitGo for $141 million in London's High Court on Friday (October 8), alleging the custodian breached a private over-the-counter deal by selling locked-up tokens early. BitGo had received the Falcon Finance (FF) and ESPORTS tokens at a discount with a commitment not to sell them until vesting periods expired, but instead moved them to exchanges roughly two months before the first unlock, accor

According to New York Attorney General Letitia James' office announcement on October 9, the state has permanently barred former Celsius Network CEO Alex Mashinsky from the securities, commodities and crypto industries and secured up to $35 million in conditional payments. Mashinsky must pay $25 million if he fails to forfeit an additional $10 million to the federal government under his plea agreement, or $10 million if he does not complete his full 12-year prison sentence. The settlement follows

According to a new CoinShares survey, a majority of affluent investors across seven major economies hold digital assets, with crypto accounting for about 10% of their portfolios on average. The survey of 2,230 investors with at least $500,000 in investable assets across the US, UK, France, Germany, Italy, Sweden and Switzerland found crypto ownership ranges from 54% in Sweden to roughly 70% in the US, UK, Germany and Switzerland. In five of the seven countries, at least 85% of existing crypto in

RTex Bio Inc., a biotech company backed by Eli Lilly, declined 3.6% on its first day of trading following its U.S. IPO, which raised $116.7 million.