Gate Crypto Flash News and Market Updates

Rivian has secured a $1 billion term loan from the Volkswagen Group, with repayment due on October 7, 2036. The 10-year financing facility is linked to the companies' existing joint venture agreement. The loan was finalized on October 7, 2026.

According to Fox Business, Rep. French Hill, who chairs the House Financial Services Committee, said this week that SEC and CFTC crypto rulemaking 'fall[s] short' of what the market needs: a durable legislative solution. Hill credited SEC Chair Paul Atkins and CFTC acting Chair Mike Selig for using exemptive relief to define digital assets, but argued that regulatory measures are inherently fragile and can be challenged in court or unwound by future administrations, whereas a statute would be pe

According to Token Terminal, Solomon Labs' USDv stablecoin on Solana reached a $7.7 million market cap on October 7, up from approximately $1 million in mid-September.

According to Youssef Kibwani, CEO of the Syrian National Oil Company, the country plans to double its crude oil output within a year, with production increasing from approximately 110,000 barrels per day to around 250,000 barrels per day by the end of 2027. The expansion will be driven by renewed investments in existing oil fields and the return of foreign operators to the country.

On October 7, golden ETF fell 1.67%, leading declines across major U.S. equity asset classes. Real estate ETF dropped 1.38%, emerging markets ETF declined 1.32%, and Russell 2000 small-cap ETF fell 1.29%. In contrast, inflation-linked bond ETF rose 0.06%, yen-bullish ETF gained 0.1%, and U.S. dollar index ETF increased 0.48%.

Costco's same-store sales grew 11.4% in September, surpassing analyst expectations of 9.9%. In the U.S. market, excluding gasoline and foreign exchange impacts, same-store sales increased 8%, also beating the expected growth of 7.2%.

According to CNN, the Vance anti-fraud task force, U.S. Department of Labor, and Department of Justice will hold a press conference on Thursday to announce new findings on abuse of visa programs including H-1B and J-1 visas.

OpenAI announced the launch of GPT-6 with an intelligent UI today (October 7). Paid users can access the model immediately, while free and Go users will gain access tomorrow (October 8). The new version is optimized for everyday conversations.

According to Peter Brandt, veteran trader who correctly predicted Bitcoin's 2018 crash, on October 5, XRP could surge to $2.14 based on cup-and-handle and head-and-shoulders technical patterns on its chart. From $1.51 when he shared the analysis, this implies approximately 60% upside. However, Brandt cautioned that XRP faces significant overhead supply resistance that could limit upside potential as the price rises.

According to the Federal Communications Commission, the FCC will vote Wednesday on a proposal to auction 25 megahertz of "prime spectrum" to support direct-to-device services from satellites to smartphones. The FCC will also vote Oct. 29 on taking public comment on a proposal to make an additional 482 megahertz available for supplemental coverage from space.

According to ChainCatcher, OpenAI announced on October 8 that GPT-6 will roll out to Plus, Pro, Business, and Enterprise users, with access expanding to free and Go users on the same date. Paid tiers will be powered by GPT-6 Sol, while free and Go users will access GPT-6 Luna. The update applies to ChatGPT's chat interface.

Levi Strauss reported third-quarter adjusted earnings per share (EPS) of $0.48, surpassing analyst expectations of $0.36. The company's adjusted EBIT reached $249 million, also exceeding the expected $194 million. The apparel maker raised its full-year adjusted EPS guidance to $1.54-$1.56, compared with the previous forecast of $1.46-$1.52. Third-quarter net revenues were $1.61 billion, slightly below the expected $1.62 billion.

Eight out of nine brokerages covering Cosmax (192820) raised their 12-month price targets on October 6, with Kyobo Securities setting the highest at 410,000 won—32.9% above the previous close of 308,500 won. The stock has surged 90% year-to-date, extending a four-year winning streak. Samsung Securities expects Q3 operating profit to reach 78.9 billion won, up 84.7% year-over-year and outpacing consensus estimates by 16.5%. Analysts cited strong growth across overseas subsidiaries, with U.S. oper

According to Bloomberg, the Bloomberg EV Price Return Index fell 1.14% to 3,170.73 points on October 7, continuing its downward trend in the Asia-Pacific session. Among constituents, ITM Energy (London-listed) declined 6.47%, while Nio rose 1.88%, Li Auto gained 2.11%, XPeng increased 2.15%, and Volvo Car Group climbed 3.49%.

Wolfspeed stock surged 12% in after-hours trading today following news that the company will receive a $1.5 billion conditional loan from the U.S. Department of Defense.

According to Bitcoinist, OKXICE, a joint venture between crypto exchange OKX and Intercontinental Exchange (owner of the New York Stock Exchange), has notified the Securities and Exchange Commission of plans to launch a tokenized securities trading venue. The platform will support 24/7 trading in more than 60 US-listed companies, offering blockchain-based versions of stocks with continuous market access beyond conventional exchange hours. The venue will operate under the SEC's innovation exempti

According to CNBC, U.S. 10-year Treasury yields hit 5.35% today (October 7), the highest level since 2002, but recovered to 5.288% following a strong $39 billion debt auction. Indirect bidders, including foreign central banks, accounted for 80.3% of bids, significantly above the 10-auction average of 72.4%, signaling sustained demand from long-term investors at elevated yield levels.

According to The Chosun Daily, on Wednesday, AMD CEO Lisa Su met with SK Hynix CEO Kwak Noh-jung and Samsung Electronics Device Solutions Division chief Jun Young-hyun to discuss expanding high-bandwidth memory (HBM) and supply chain partnerships. Su also engaged with representatives from 13 South Korean AI startups, including FuriosaAI, DeepX, Fadu, and Upstage, to integrate them into AMD's ROCm open-source software platform, positioning an alternative to Nvidia's CUDA architecture.

The S&P 500 closed down 0.2% today (October 7), with the industrial sector leading declines at negative 2.1%. Materials fell 1.5%, real estate declined 1.2%, while healthcare gained 1%. The Nasdaq 100 also closed down 0.2%. Among large-cap tech stocks, Strategy dropped 7.1%, NBIS fell 5.3%, and CrowdStrike declined 4.8%. Micron Technology gained 3.8%, Amgen rose 2.6%, and SanDisk advanced 2.1%.

According to Iranian Foreign Ministry Spokesman Baghaei, today (October 7), Iran held a productive meeting with Pakistani Ambassador Imran Ahmed Siddiqui to discuss bilateral relations.