Gate Crypto Flash News and Market Updates

According to Kevin Hassett, director of the White House National Economic Council and chief economic advisor to President Trump, Powell should step down from the Federal Reserve Board on October 5. When asked on Fox News' Sunday Morning Futures whether Powell should resign, Hassett stated: "I think it's time for him to leave and respect the independence of the Fed." The remarks followed an internal report highlighting management issues with renovations at the Federal Reserve headquarters.

According to Novosti, Kyiv has begun experiencing power outages.

On Oct. 2, Japan added Russian cryptocurrency exchange Garantex to its asset-freeze list as part of a new sanctions package targeting Russia, following earlier enforcement actions by the United States and European Union. The measures cover 33 Russian entities and 9 individuals; payments and certain capital transactions with listed parties now require Japanese government permission under the Foreign Exchange and Foreign Trade Act. Japan also designated 35 vessels as part of measures targeting mar

According to Jin10, citing Israeli military statement, on October 4, Israeli military chief Zamir announced comprehensive troop expansion plans during a high-level command meeting. The military cited lessons from the October 7, 2023 attack, stating that future strategy will prioritize "preparedness for sudden warfare" and elimination of security threats in their nascent stages. Zamir emphasized that Israel's lack of strategic depth and exposure to multi-front threats necessitate military expansi

According to ChainCatcher, victims of the Drift hack on Solana initiated claims, with verified losses of approximately $295.4 million matched by an initial recovery pool of $3.11 million. Victims can exchange DFX tokens for USDT at a rate of approximately 1.04 cents per dollar lost—meaning $1,000 in losses corresponds to around $10.40 in redemptions. The recovery pool will be replenished by daily net protocol revenue from Velocity (Drift's rebuilt and renamed exchange), up to $127.5 million comm

According to Jin10, on October 5, Israeli Prime Minister Benjamin Netanyahu stated at the Ashdod naval base that Israel will not allow enemies to threaten its Mediterranean maritime routes and ports. Netanyahu announced that the sixth submarine has arrived in Israel and said the military needs additional equipment and vessels. He pledged to make Israel a global leader in maritime defense, both above and below water.

According to Jin10, Turkish foreign policy expert Bilal Samburul commented on October 5 that Ukraine's strikes on Russian energy infrastructure indicate intensifying military operations ahead. Samburul stated that Western powers seek to escalate the conflict to blame the global economic crisis on the Russia-Ukraine war rather than other factors. He also noted that Ukrainian elites and oligarchs have war incentives to consolidate power, leading them to pursue provocative actions against Russia de

According to Jin10, Japan will convene the 222nd Extraordinary Diet Session on October 5, with Prime Minister Takakichi Sanae scheduled to deliver policy addresses at plenary sessions of both the House of Councilors and House of Representatives. The session is expected to run through December 12.

The Independent Community Bankers of America sued the Office of the Comptroller of the Currency on Friday (October 2) in U.S. District Court for the District of Columbia, challenging its authority to grant national trust bank charters to cryptocurrency firms and seeking to void the March 2, 2026 final rule and Interpretive Letter No. 1176. ICBA President and CEO Rebeca Romero Rainey said the charters allow crypto companies to gain federal banking credibility without obligations like FDIC insuran

According to Blockworks, trading volume for tokenized stocks on Solana reached $4.4 billion in September 2026, marking a record monthly high. Raydium and Orca were among the key contributors to the volume surge, as on-chain asset diversity continues to drive growth in this emerging asset category within the Solana ecosystem.

According to Senator Cynthia Lummis, Democrats voted against including memecoins in the Clarity Act despite negotiations to explicitly address memecoins and network tokens in the proposed regulation. Lummis emphasized the necessity of covering these assets to prevent them from falling through regulatory gaps.

According to FinanceFeeds, Russia's Ministry of Finance paid employees in digital rubles for the first time on October 1 through accounts on the Bank of Russia's digital ruble platform. Participation remained voluntary, and the ministry did not disclose how many employees received wages in the currency or the total amount distributed. The move extends the digital ruble from earlier payment trials into recurring government payroll following the country's mass rollout that began September 1, when

According to TradingBeats monitoring, on October 4, trader Loracle holds a short position of approximately 15,800 SNDK shares at 10x leverage with an average entry price around $1,485.67, resulting in an unrealized loss of approximately $3.7 million. The position is currently worth around $27.2 million with a return rate of approximately -135%. SNDK is trading at approximately $1,717, representing a gain of about 15.6% from the trader's entry price, according to bit.com market data.

According to Kuai Keji, on October 4, Huawei's Yu Chengdong released a video publicly explaining Tao's Law through the self-developed Kirin 9050 chip. The presentation featured four generations of Mate devices—Mate 60, Mate 70, Mate 80, and Mate 90—each equipped with Kirin chips, displayed side by side. Yu noted that 381 chip product iterations laid the foundation for the Kirin 9050, which is built on Tao's Law. Rather than following the traditional Moore's Law approach of shrinking transistors

Recent data reveals that U.S. job growth nearly stalled in September, adding only 29,000 positions. This slowdown has significantly reduced the likelihood of an October Federal Reserve interest rate hike, with odds dropping from 64% to 22%. The easing of rate hike expectations could provide relief for Bitcoin and other risk assets.

Microsoft confirmed that its official X account was compromised earlier today to promote an unauthorized cryptocurrency tied to Clippy, the company's former Office assistant. The account, which has over 13 million followers, briefly followed and reposted content from a Clippy impersonation account, and its profile picture was replaced with the paperclip character. One account involved promoted a $CLIPPY token, falsely claiming its liquidity pool was paired with Microsoft stock ($MSFT). The incid

According to futures market data, over $62.71 million in positions were liquidated across global markets in the past 24 hours, with short positions accounting for the majority of the liquidations.

According to Odaily, a crypto asset vault on Base had approximately 1,783 wstETH transferred out on October 4, incurring losses exceeding $6 million. The vault is controlled by a 3-of-7 Safe multisig, with the identities of all seven signers remaining undisclosed. Security firms noted that attackers borrowed aBaswstETH from the vault and swapped it for wstETH via Aave; Base and Aave core contracts themselves were not identified as compromised.

According to the United Nations World Food Programme, one of its humanitarian aid convoys was struck by airstrikes early on October 3 in South Kordofan state in southern Sudan, resulting in the death of one driver.

According to Treasury data and the Institute of International Finance, U.S. federal debt crossed $40 trillion by August 2026, now exceeding the combined government debt of China ($22.3 trillion), Japan ($9 trillion), UK ($4.4 trillion), and France ($4.1-4.3 trillion). The total includes roughly $32.3 trillion held by the public and $7.8 trillion in intragovernmental holdings. Global debt reached a record $365.5 trillion by end of June 2026, rising over $10 trillion in the first half of the year.