Gate Crypto Flash News and Market Updates

SoftBank, Grab, and Petros have signed a framework agreement to explore the development of artificial intelligence infrastructure and ecosystem in Sarawak, Malaysia. The collaboration will focus on applications in AI computing power, robotics technology, and workforce development in the region.

According to Glassnode, Bitcoin saw $4.9 billion in new capital inflows over the 30 days ending October 5, sourced from corporate treasury purchases, stablecoin expansion, and U.S. spot Bitcoin ETF flows. However, Bitcoin's realized value increased $12.8 billion in the same period—more than 2.5 times the new capital inflow, suggesting existing holders are driving price appreciation at higher levels. Glassnode noted that as of October 7, short-term holders—those with less than 155 days of tenure—

According to ChainCatcher, Travala completed its October strategic reserve repurchase on October 8, adding 228,600 AVA tokens and matching the monthly buyback of AVA Foundation. The strategic reserve now stands at 598,500 AVA, which Travala stated will be permanently held and never sold or transferred.

According to PeckShield, DeFi protocol 79th Vault was attacked on October 8, with 10,000 $79AU tokens stolen and subsequently exchanged for 16,249 BNB, valued at approximately $12.51 million. The attacker transferred 30 BNB to exchange KuCoin.

PepsiCo reported third-quarter revenue of $25.27 billion, exceeding consensus expectations of $24.95 billion, and operating income of $4.26 billion versus forecast $4.19 billion on October 8. Core earnings per share came in at $2.34, above the consensus estimate of $2.29. The company also raised its full-year organic revenue growth guidance to approximately 3% from the prior range of 2% to 4%, surpassing the consensus expectation of 2.53% growth. PepsiCo's stock rose over 1.8% in premarket tradi

According to HTX data, on October 8, MET (Meteora) surged 60% in 24 hours to $0.5, leading a broader altcoin rally amid Bitcoin weakness. Other notable gainers included Algorand (ALGO) up 16.6% to $0.1377, Jupiter (JUP) up 16% to $0.379, and Raydium (RAY) up 13.3% to $2.46.

According to China's central bank statement reported by Jin10 on October 8, global economic imbalances result from structural evolution in industrial division, inherent contradictions in the international monetary system, and savings-investment gaps across countries—not solely the responsibility of surplus or deficit nations. The central bank emphasized that resolving these imbalances requires coordinated action from all parties, noting that declining trade competitiveness in some economies refl

According to Digital Asset data, as of Oct 8, 6:30 PM KST, South Korea's four major exchanges (Upbit, Bithumb, Coinone, DigitalEx) showed an average Korean premium of 1.75% for Bitcoin against Binance. Ethereum averaged 1.75% premium, XRP 1.77%, and USDT 1.78% across the same exchanges. Exchange-by-exchange Bitcoin premiums ranged from 1.71% to 1.80%.

Winklink's price has fallen 10.45% in the past hour to $0.0000581, despite a 24-hour gain of 13.21%. The rapid decline comes as social media mentions around the token have decreased significantly, with trading volume reaching $1.67 million. The asset traded between a low of $0.00005068 and a high of $0.00006488 over the past 24 hours.

According to Bitfinex, Bitcoin is currently trading in the critical $64,000 to $65,000 range, where spot trading volume will be essential for driving the next upward movement. The trading platform emphasized in a recent post that while Bitcoin's recent rally to $87,000 was supported by substantial futures volume, sustained spot buying is necessary to establish a stronger price foundation. Without increased spot market activity, Bitcoin's path to further gains remains uncertain, with traders watc

According to Zhitong Finance, on October 8, north-bound funds achieved net purchases of 64.77 billion Hong Kong dollars in Hong Kong stocks, with Shanghai-Shenzhen Connect (Shanghai leg) accounting for 38.36 billion HKD and Shenzhen leg for 26.41 billion HKD. Tencent (00700) was the largest net purchase target with 24.52 billion HKD inflows despite a decline exceeding 2% for the day. According to reports, Tencent is considering issuing offshore bonds with a maximum scale of 5 billion U.S. dollar

According to the People's Bank of China, China's trade showed reduced sensitivity to exchange rate fluctuations as a structural shift accelerated, the central bank said today (October 8). High-tech product exports and imports grew at an average annual rate of 7.9% over the past five years, with 2025 growth accelerating to 11.4%, contributing nearly 60% to overall trade growth. About 30% of trade is now settled in yuan, while enterprises have increased foreign exchange hedging ratios to around 30

According to the People's Bank of China on October 8, China will pursue economic transformation centered on expanding domestic demand and implementing high-level opening-up policies outlined in its 15th Five-Year Plan. The central bank emphasized prioritizing domestic consumption, expanding effective investment, strengthening scientific innovation, and promoting inclusive economic growth through higher disposable incomes. The strategy also includes fostering the dual circulation of domestic and

According to the People's Bank of China (PBOC), China will report additional foreign exchange data to the International Monetary Fund (IMF) starting 2027, the central bank announced on October 8. The PBOC emphasized its commitment to enhancing exchange rate policy transparency, noting that since 2016, China has published international balance of payments and foreign exchange data according to the IMF's Special Data Dissemination Standard (SDDS) with enhanced data dimensions and frequency.

According to Hyundai Marine & Fire Insurance announcement on October 8, Chairman Jung Mong-youn will transfer 5.114 million shares (6% stake) to his eldest son VP Jung Kyung-seon on November 9. Following the transfer, Jung Kyung-seon's shareholding will increase from 0.48% to approximately 6.48%, while the Chairman's stake will decrease from 23.08% to 17.08%. Jung Kyung-seon, born in 1986, joined the company in December 2023 and currently serves as Chief Sustainability Officer.

According to China's central bank policy statement on October 8, long-term policy commitments are more effective in stabilizing market expectations. The People's Bank of China called on countries to formulate medium and long-term policy plans, make clear commitments, and implement them steadily to avoid frequent policy reversals. The central bank noted that resolving global economic structural issues within one to two years is unrealistic, and abrupt policy shifts may backfire. It cited 2025's g

According to the Caspian Pipeline Consortium (CPC), the Tengiz-Novorossiysk pipeline resumed operations on October 6, 2026, following an operational pause.

According to South China Morning Post, Biren Technology announced plans to raise about HK$4 billion (US$509 million) through a share placement on Thursday. The Shanghai-based AI chipmaker will issue 130 million new shares at HK$31.08 (US$4) each, approximately 10% below the previous close. Biren shares closed down 11.9% in Hong Kong following the announcement. The company said proceeds will fund manufacturing capacity, component purchases, and preparations to launch next-generation AI processors

According to a Reuters survey, 70 out of 73 economists predict the European Central Bank will maintain its deposit rate at 2.50% on October 29.

According to Reuters survey, 64 of 73 economists expect the European Central Bank to raise its deposit rate by 25 basis points to 2.75% in December, up from a previous forecast of 2.50% in September's survey when 58 economists held that view.