Gate Crypto Flash News and Market Updates

According to Blast's announcement on X on October 2, the Layer 2 network will cease operations. Blast cited unsustainable economics, stating that the cost of maintaining the chain exceeds revenue generated, with no credible path to profitability. Users are required to withdraw all assets from Blast to the Ethereum mainnet, including balances in Blast PWA, by October 26, 2026. The network will reduce withdrawal delays to 24 hours to facilitate the process. As part of the shutdown, Blast will firs

According to Pons founder Ozzy, Pons entered V3 mode on October 2. The new version applies to newly launched tokens, with V1 and V2 contracts remaining unchanged. Token creators can now decide whether to adopt Bonding Curve, addressing community feedback about transparency and flexibility concerns.

According to the SEC's official Notice of Effectiveness, Bitwise's XRP ETF (registration number 333-282465) became effective on Sept. 28. The fund has traded on NYSE Arca under ticker XRP since Nov. 19, 2025. The development closes the loop on a Sept. 18 Post-Effective Amendment filing that sparked a 7.7% XRP rally, though the actual event was a registration update to an already operating product, not a new ETF approval. The fund directly holds XRP, uses Coinbase Custody for token safeguarding,

According to Bloomberg, Goldman Sachs earned substantial fees from handling SpaceX's June initial public offering, while the bank's clients also realized significant gains from selling shares in the company. The firm had previously helped wealthy clients invest in Elon Musk's company over five years ago, with Goldman partners able to co-invest alongside clients.

The RWA Foundation's latest quarterly report, highlighted by CryptoTwitter commentator @tokenterminal, reveals an expansion to 717 stablecoin deployments in its dataset. The growth reflects increasing adoption of tokenized assets in the market.

According to @tokenterminal, Tether's XAUT tokenized gold token has reached 79,300 holders on BNB Chain over the past three months, marking a nearly 29-fold increase. The surge reflects growing investor interest in asset-backed tokens as the cryptocurrency market evolves.

According to Lookonchain, trader Machibigbrother (@machibigbrother) achieved 10 consecutive winning trades on PUMP over the past 5 days, accumulating $1.34 million in profits as of October 2. The trader currently holds long positions of 33,950 ETH ($92.56M), 409 BTC ($35.22M), and 180,000 HYPE ($16.16M).

According to Yonhapinfomax, the France-Germany 10-year bond yield spread hit 157 basis points on October 2, the highest level since the 2011 eurozone debt crisis. France's 10-year bond yield surged to 4.98%, while Germany's fell over 11 basis points, reflecting market concerns over fiscal stability. Moody's warned on October 2 that France's 2027 budget passage outlook is "highly uncertain," citing parliamentary gridlock that could impede fiscal consolidation efforts. The rating agency maintains

According to CNBC's Squawk Box interview Friday, Facebook whistleblower Frances Haugen questioned whether artificial intelligence companies will truly comply with the spirit of their recent White House self-regulation agreement. Haugen noted that tech companies often follow the "exact written statement" while seeking to exploit loopholes and "go around the end of the fence" when regulations are flexible. She praised Anthropic and CEO Dario Amodei for advocating independent auditors, saying this

According to Cryptonews, Coinbase shut down its original Learning Rewards program on May 27, 2025, after distributing over $150 million in tokens, and replaced it with Wallet Quests on its Base network. Wallet Quests pays between $5 and $8 in OP tokens per completed on-chain task such as token swaps, NFT mints, or staking, with a maximum of $35 available per user. Binance Learn and Earn, Revolut, CoinMarketCap, TokenPicks, eToro Academy, and Robinhood offer competing learn-to-earn programs with

According to XRPL documentation, three XRP Ledger amendments are scheduled to activate on Oct. 8 and Oct. 9, with PermissionDelegationV11 going live at approximately 21:25 UTC on Oct. 8, followed by fixBatchV12 and BatchV11 around 14:12 UTC and 14:46 UTC on Oct. 9, provided validator support remains above the required threshold. PermissionDelegationV11 enables granular account authorization, allowing an account to delegate specific powers without sharing master keys. BatchV11 introduces atomic t

According to @SkyEcosystem, Galaxy added $100 million in sUSDS to its balance sheet in September, alongside the launch of the first SKY token burn aimed at enhancing the token's scarcity. The ecosystem also reported that @grovedotfinance's warehouse facility reached 75% utilization, while USDS supply returned above $10 billion, signaling growing operational capacity and strong market demand.

According to Lookonchain, ens.eth transferred 1,097 ETH approximately 4 hours ago, selling the tokens at an average price of $2,743 per ETH. The total transaction value reached $3 million.

According to Bitcoin Treasuries, Strive's SATA bitcoin accumulation initiative has launched this week with sufficient funds already raised to purchase over 1,270 BTC. The STRC token is approaching the $100 valuation level.

According to Lido, EarnUSD has adjusted its fee model, lowering the management fee from 1% to 0.2% and raising the performance fee from 10% to 15%. The product's fee caps are set at 0.5% for management fees and 20% for performance fees. All fees will be displayed in the EarnUSD vault user interface.

According to Odaily, 26 tokenized stocks have now launched on Base, supporting round-the-clock trading and integration with the Base DeFi ecosystem. The tokens include major companies such as Netflix, Amazon, Nvidia, Tesla, and others, enabling composability and interaction within Base's decentralized finance infrastructure.

According to CryptoRank data, on October 2, multiple cryptocurrency projects will experience their first major token unlocks in Q4 2026 following vesting cliffs, affecting VC investors, teams, and early supporters and potentially introducing new supply pressure. Monad (MON) faces the largest unlock at approximately $521 million, equivalent to 131.6% of its current market value. Other projects with significant Q4 unlocks include STABLE at $353 million, KITE at $119 million, LIT at $52 million, PI

European stablecoin issuer AllUnity launched its US dollar-pegged token USDAU on Wednesday under the EU's MiCA regulatory framework. CEO Alexander Höptner told Cointelegraph that "the US dollar is the glue" in global trade, and offering only euro stablecoins "isn't enough" for European corporates to meet cross-border payment needs. Europe-issued dollar stablecoins remain marginal compared to global leaders. Stable Mint's USDSM and SG-FORGE's USDCV each hold approximately $13 million, versus $184

South Korea's Seoul Southern District Court invalidated key provisions of the Korea Exchange's delisting regulations on October 2, suspending the delistings of two firms: Juyeon Tech (Kospi-listed) and KM Pharma (Kosdaq-listed). The court found that the KRX rules excluded companies' right to submit objections and clarifications, violating procedural fairness. The court also determined that the KRX's accelerated timeline for raising delisting thresholds—moved from January 2027 to July 2026—lacked

According to Guru Club, France's presidential office announced on October 2 that it will release large quantities of diesel reserves within the initial 20 days.