Gate Crypto Flash News and Market Updates

According to Wells Fargo, on Tuesday the analyst firm removed 500 megawatts of expected computing capacity resales from its 2027 estimates for Meta, representing roughly $5 billion in high-margin revenue. The removal reflects the firm's view that Meta will need to retain computing power to support its Muse AI agent, which has shown strong early adoption since launching in September. Wells Fargo raised its price target on Meta stock to $1,000 from $796, implying nearly 35% upside. The firm projec

According to IIR Energy, Saudi Arabia's Jazan refinery is expected to resume operations in November following maintenance. The Samref refinery, located near Yanbu on the Red Sea coast, has reduced operational capacity due to damage to the east-west pipeline.

According to the Russian Defense Ministry, Russia shot down 110 Ukrainian drones throughout the day on October 6 across multiple regions of the Russian Federation.

According to Iran's state news agency IRNA, explosion sounds were reported near Qeshm Island earlier today (October 6), with the sounds allegedly originating from the sea.

Oman has recently evacuated 10 crew members from a Panama-flagged merchant vessel that came under attack near Lima in the Musandam Province.

According to CryptoTwitter commentator @tokenterminal, Backpack-issued stocks on Solana have surpassed 300,000 holders. This milestone reflects growing interest in tokenized assets within the Solana ecosystem.

According to an announcement by NEAR Protocol, Quantus (QTC) has officially launched on NEAR, marking its debut as the first post-quantum asset on the platform. The launch enables users to trade QTC across more than 30 chains with over 180 assets, offering enhanced confidentiality and security features against potential quantum computing threats.

The International Energy Agency (IEA) will meet on Wednesday to discuss the potential release of diesel and crude oil stocks.

According to Goldman Sachs and TipRanks, SpaceX (SPCX) shares rallied approximately 20% since Thursday, climbing to their highest level since June. The firm raised its price target to $230 from $220, implying around 30% upside from current levels, and maintained a 'Buy' rating. Goldman expects AI segment revenue of $27.3 billion in fiscal 2026, followed by $90.4 billion in 2027 and $146.7 billion in 2028. Analyst Eric Sheridan highlighted improved launch frequency and reusability of Starship as

According to The Block, Umia completed a 7-day UMIA token auction on October 7, raising $6.11 million and selling 34.6% of total supply. The token offering valued the project at $18 million (fully diluted valuation). Approximately 45% of funds came from institutional investors, with 10 funds and nearly 700 individual bidders participating. Key backers include Galaxy Ventures, DCG, and Draper Associates.

According to ChainCatcher, tokenization platform Securitize announced a memorandum of understanding with South Korea-based tech firm LG CNS on Tuesday to develop tokenized asset and digital infrastructure services for Korean financial institutions. The collaboration will explore tokenized funds, stocks, and stablecoins, with potential expansion to Asia-Pacific markets. Securitize's stock (SECZ) rose nearly 8% to approximately $12.6 in early trading following the announcement. The partnership com

According to Jack Mallers on October 6, Strike introduced a new product allowing users to earn 3.6% interest on cash, paid out in Bitcoin. The interest is FDIC-insured up to $250,000 and accrues daily with monthly payouts. There are no deposit minimums or maximums, positioning Strike to attract users seeking yield on cash holdings while staying exposed to Bitcoin.

U.S. Treasury Secretary Besent reiterated that combining economic growth and fiscal restraint can help reduce the federal deficit, according to a report by strategists at Brown Brothers Harriman. However, market observers remain doubtful of the approach's effectiveness given the scale of government debt. Elias Haddad and colleagues wrote that Besent is attempting through verbal intervention to lower long-term Treasury yields following their recent surge.

According to U.S. Treasury auction results, the department auctioned $58 billion in three-year Treasury notes on October 6, with a yield of 4.932% and a bid-to-cover ratio of 2.62.

According to Japanese authorities, the top U.S. military commander in Okinawa, Regional Coordinator Watson, on October 6 ordered a 30-day movement restriction on all service members stationed at the base. The order, effective October 9, prohibits personnel from leaving their quarters between midnight and 5 a.m. daily. The measure follows the arrest of a soldier on suspicion of robbery and murder.

According to Bitfinex's recent analysis, all Bitcoin cohorts are now in profit, with smaller wallet holders standing out. Retail-sized holders have maintained profitability above their approximately $48,000 cost basis since early 2023, demonstrating resilience even during price fluctuations. The data indicates that while larger investors continue to navigate challenging positions, smaller holders show sustained confidence in their positions, potentially signaling a shift in market sentiment.

According to CME FedWatch data, on October 7, the Federal Reserve is expected to hold interest rates unchanged in October with an 80.6% probability, while a 25 basis point rate hike carries a 19.4% probability.

According to Bitcoin News on X, Czech commercial bank Partners Banka has partnered with Anycoin, which holds a MiCA license, to integrate Bitcoin into its customers' wealth management app. Customers can open Bitcoin accounts within minutes and begin trading from as little as 500 Czech koruna (approximately $23) with no custody fees. Trading spreads are 2%, with 1.5% going to Partners Banka and 0.5% to Anycoin. Bitcoin exposure is limited to 5% of a customer's portfolio, and the product currently

According to LME closing data today (October 6), copper futures closed down $5 to $14,415 per ton, while aluminum rose $6 to $3,134 per ton and zinc advanced $22 to $3,766 per ton. Nickel retreated $32 to $15,682 per ton, tin fell $130 to $54,184 per ton, and lead declined $2 to $1,873 per ton. Cobalt futures settled flat at $39,245 per ton.

According to Mexican authorities, Mexico submitted an application today (October 6) seeking approval for a new liquefied natural gas pipeline project aimed at exporting LNG to the United States.