Gate Crypto Flash News and Market Updates

On October 7, Marvell CEO Matt Murphy said the company's $30 billion custom chip target for fiscal 2031 is "not a stretch," representing only about 13% of the projected $235 billion custom silicon market. Murphy also acknowledged the potential for a trillion-dollar valuation, noting that applying a multiple to the company's projected $70 billion to $90 billion revenue four years out could support such valuations. Marvell raised its fiscal 2028 revenue outlook to $20 billion from $18 billion, cit

According to Korean Securities Depository data as of October 7, Samsung Electronics and SK Hynix have underperformed amid a broader rally in U.S. semiconductor stocks led by artificial intelligence. Samsung closed down 1.29% at 268,500 won, down 28.3% from its June 19 high of 374,500 won, while SK Hynix fell 2.82% to 1,723,000 won, down 42.3% from its June peak of 2,987,000 won. In contrast, Nvidia reached a new record of $239.24 on October 6, with a market cap of $5.77 trillion, approaching the

According to The Verge, Meta's Muse AI agent received native iPad support today (Oct 7), enabling optimized functionality for the tablet's larger screen and iPadOS multitasking capabilities. The latest update also introduces integrations with business tools including Canva, Dropbox, Figma, QuickBooks, GitHub, Zoom, Asana, and Klaviyo. New features target small business owners, allowing users to set business goals that Muse autonomously uses to plan marketing, client pitches, and develop product

According to media reports, Japan will sign an agreement with the Philippines on October 8 to assist in strengthening the country's oil reserves. The collaboration focuses on enhancing the Philippines' petroleum storage capacity through Japanese support and cooperation.

According to Reuters, citing three people familiar with the matter, Saudi Arabia has launched an aviation accident investigation into FZ1073, a Dubai airline flight, following a stabbing incident in the cockpit last week. Saudi authorities have notified overseas aviation agencies and will conduct the safety investigation in accordance with international regulations. The head of Saudi Arabia's aircraft accident investigation authority stated that Israel has requested to participate in the probe,

BitGo Bank & Trust announced today the launch of native ETH staking services via Lido for US institutions. The service allows institutional clients to stake ETH, hold staked positions, and redeem stETH directly from the regulated custody platform. This expansion reflects growing institutional demand for compliant and secure cryptocurrency engagement solutions.

On Oct 7 (Wednesday), major European stock indices closed lower. Germany's DAX 30 fell 320.08 points, down 1.26%, to 25,129.11. The UK's FTSE 100 dropped 77.51 points, down 0.74%, to 10,464.18. France's CAC 40 declined 95.86 points, down 1.22%, to 7,769.21. Europe's Stoxx 50 slid 87.08 points, down 1.39%, to 6,185.15. Spain's IBEX 35 fell 316.66 points, down 1.63%, to 19,127.54. Italy's FTSE MIB saw the steepest decline, dropping 1,249.90 points, down 2.44%, to 50,011.50.

According to data from five major South Korean banks, 62.1% of new mortgage loans to borrowers in their 60s last year had maturity terms of 30 years or more, compared to 47.4% in 2021. The average new mortgage amount for this age group reached 143.9 million won in 2025, up 44% from 99.9 million won in 2021. DSR (debt-to-income ratio) regulations and rising property prices are driving the trend. Extending loan terms reduces monthly payments and helps borrowers meet stricter DSR caps, which have e

According to Bank of Korea data, the Korean won closed at 1,339.10 won per dollar on October 7, down 210.3 won (13.5%) from 1,549.4 won on June 30, marking the largest quarterly decline since Q4 1998. The rapid depreciation has strained export companies and domestic retail investors trading U.S. stocks, who receive fewer won per dollar of earnings.

According to Bloomberg, citing PJT Partners data, nearly one-third of new single-asset continuation funds established in the first half of 2026 include super carry arrangements. Super carry refers to performance fees exceeding the standard 20% tier, providing fund managers higher future profit shares upon hitting specific targets such as internal rate of return or cash-on-cash return thresholds.

According to Intel CEO Lip-Bu Tan in comments to Bloomberg on Wednesday (Oct 7), Intel will continue its involvement in Elon Musk's Terafab chipmaking project, reaffirming their April collaboration to use Intel's next-generation 14A fabrication process. Musk rejected rumors that TSMC would acquire or operate Terafab, stating on X that Terafab will build and run the fab itself. However, Musk proposed that TSMC could potentially sublease part of the cleanroom space to manufacture chips for its cus

According to the head of Apollo Global Management's infrastructure business, the company is taking steps to ensure that its AI infrastructure investments will not be halted due to local opposition.

According to @0xPolygon, Polygon recorded $25.39 billion in transaction volume during Q3, driven primarily by USDT transfers and comprising 31.66 million transfers. The milestone underscores growing activity and user engagement on the network, with stablecoin transactions forming a significant component of the platform's ecosystem.

According to Chainlink, the project announced 40 new integrations across 24 users in September. The expansions include partnerships with Aave and Coinbase, which leverage Chainlink's decentralized oracle network to provide reliable data feeds for smart contracts.

According to Bloomberg and Washington Service tracking insider transactions, Nvidia (NVDA) director Mark Stevens divested approximately $947 million in company stock during Q3, topping insider selling rankings. Stevens sold about 4.24 million shares and remains Nvidia's second-largest individual shareholder after CEO Jensen Huang. Arista Networks (ANET) CEO Jayshree Ullal ranked second with $446 million in share sales, followed by Amazon founder Jeff Bezos at $346 million. Most transactions foll

According to Zhiyuan Holdings (00990) announcement on October 7, the company's subsidiary signed a 10-year data center hosting agreement covering the full 67MW IT capacity of its Penang, Malaysia AI data center project. The agreement with an independent third-party customer commenced on October 2. The company simultaneously entered into a construction contract with regional data center builder Longmotive DC Solutions Pte. Ltd., with a total project value of $221.1 million. The project is planned

According to an official statement on October 7, Canada's Wittington Investments (backed by billionaire Weston family) has agreed to acquire Boots, the UK health and beauty retailer, for $8.9 billion including debt. Wittington will acquire Boots' retail operations in the UK and Ireland, as well as other business units, from current owners Platinum Equity and the Peceña family.

According to Foresight News, Noah, a stablecoin-based payment infrastructure company, announced it has completed a $38 million seed funding round. The round was led by Endeit Capital and included participation from FJ Labs, LocalGlobe, Felix Capital, and multiple notable angel investors. The platform provides cross-border payment services for enterprises and individuals using stablecoins.

On Wednesday, the S&P 500 dropped roughly 0.6%, the Dow Jones fell about 472 points or 0.9%, and the Nasdaq Composite lost around 0.9% in morning trading. The decline was driven by surging Treasury yields and energy prices; the 30-year Treasury yield climbed to 5.72%, its highest level since 2002, while Brent crude moved above $100 per barrel. The reversal followed a record-setting day for stocks on Tuesday, with higher yields weighing on technology stocks, particularly semiconductor names.

On Wednesday (October 7), U.S. homebuilder stocks declined sharply as mortgage rates climbed to 7.49%, marking the highest level since 2023 and the seventh consecutive week of increases. The S&P 1500 Home Construction index fell 3.7%, its largest single-day drop since July 8, with all constituent stocks declining. The SPDR S&P Homebuilders ETF dropped 3.4%, posting its biggest intraday decline since July 29. Notable declines among major homebuilders included Installed Building Products down 6.2%