Gate Crypto Flash News and Market Updates

US challenger companies recorded a year-over-year decline of 19.9% in layoffs during September, according to monthly tracking data. This marks a notable improvement from the previous month's decline of 38.5%.

Challenger job cuts in the United States declined to 43,281 in September from 52,881 in August, representing an approximately 18% month-over-month decrease.

According to Visa, Lloyd's Banking Group and Visa completed a pilot of approximately $750,000 in stablecoin cross-border settlement on October 1, with funds arriving within one hour including weekends. During the seven-day pilot, Lloyd's purchased USDC through Archax, a UK-regulated trading venue, for settlement with Visa and validated the transfer across Canton private chain and public chain to test cross-chain interoperability. This marks the first stablecoin settlement trial between Visa and

According to Japan's Ministry of Foreign Affairs, on October 1, Japanese Foreign Minister Shigeru Motegi and Iranian Foreign Minister Abbas Araghchi held a 20-minute phone call. Motegi emphasized Japan's commitment to diplomatic resolution and stressed the importance of restoring free and safe navigation in the Hormuz and Mandab straits. Araghchi outlined Iran's current communications with the United States and its position. Both ministers confirmed they will maintain close contact to pursue a d

According to Wells Fargo, Microsoft has been included in the bank's strategic ideas list for the fourth quarter of 2026.

According to Korea Exchange, South Korea's covered call exchange-traded funds saw assets under management reach 28.68 trillion won as of October 1, up 90.7% from 15.04 trillion won at end of 2025. Product offerings expanded to 62 from 52 during the same period, as investors sought stable income amid rangebound market conditions. The RISE 200 High Dividend Covered Call ETF delivered a 26.01% return in the second half of 2026 (July-September), ranking third among domestic non-leveraged ETFs, accor

According to PANews, Florida's stablecoin payment rules took effect on October 1 under the state's 2026 Chapter 176 law. Qualified payment stablecoin issuers must obtain licenses or meet exemption requirements, maintaining at least 1:1 reserves backed by cash, Federal Reserve account balances, qualified bank deposits, U.S. Treasury securities with remaining maturities not exceeding 93 days, or government money market funds. Issuers must disclose redemption policies, publish monthly reserve compo

According to Financial News, South Korea's Financial Investment Association (KOFIA) is participating in the 31st Asian Securities Forum (ASF) annual conference held in Hanoi from September 30 to October 3. The association is presenting recent institutional changes to Korea's capital market, including enhanced market access for foreign investors and improved trading and settlement infrastructure. KOFIA will also join a panel discussion on sustainable capital inflows and share Korea's experience i

MOVR dropped 10.93% to $2.582 today within 60 minutes, as whale accumulation slowed, reversing earlier gains that saw the token reach $3.029. The sharp decline comes despite strong market activity, with 24-hour trading volume exceeding $84 million and a 24-hour gain of 37.34%, highlighting the volatility currently characterizing the asset.

According to Jin10, Japan's government will outline the first five-year cost details of its $2.3 trillion, 14-year investment plan on October 1, marking an initial step to reduce uncertainty around the large-scale initiative. The government plans to specify domestic investment areas and scale through around 2030 by year-end, providing further details on its previously announced growth strategy. Prime Minister Takayaki Koizumi emphasized the urgency for Japan to pursue expansionary fiscal policy

According to Bitget's official announcement on October 1, the exchange has launched USDT-margined CT perpetual futures with maximum leverage of 20x. Contract trading bots will be made available simultaneously.

A US federal judge on Tuesday dismissed most claims against Chainalysis by Celsius Network's litigation administrator, but allowed an aiding-and-abetting claim to proceed. US District Judge Margaret Garnett found that Chainalysis sufficiently knew a 2020 Celsius press release contained false statements about a $3.3 billion asset audit and helped disseminate them. The judge dismissed 12 other claims with prejudice and allowed three consumer-protection claims to be amended by October 20. Blockchai

According to Robinhood executives at Korea Blockchain Week 2026 on October 1, Robinhood Chain's decentralized exchange (DEX) cumulative trading volume surpassed $75 billion. The fintech platform launched Arcus, a DEX built on its Ethereum Layer 2 chain, in July in partnership with dYdX. Johan Kerbraat, senior vice president of Robinhood's crypto and global business, emphasized the volume demonstrates product-market fit independent of incentive programs. The company plans to expand use cases for

According to Axios, U.S. Senators Josh Hawley (Republican) and Chris Murphy (Democrat) proposed the AI Agents Accountability Act on October 1, seeking to hold companies criminally and civilly liable for hacking incidents involving AI systems. The legislation addresses gaps in current law regarding responsibility when AI agents breach systems, contradicting the Trump administration's stance that existing consumer protection and product liability laws are sufficient.

According to Yonhapinfomax, South Korea's National Assembly Committee on Politics adopted its 2026 parliamentary audit witness list on October 1, notably excluding all individuals related to leverage exchange-traded funds (ETFs)—a major political flashpoint. The committee selected 18 general witnesses and 2 reference witnesses, with only 2 drawn from the financial sector. Opposition lawmakers strongly protested the omission, demanding that former Presidential Policy Office Director Kim Yong-beom

According to Korea Exchange data, Korean retail investors net-sold 422.7 billion won across three major benchmark index ETFs during September 1-30, while simultaneously purchasing 98.1 billion won in money market ETFs. KODEX 200 accounted for 315.1 billion won of the outflows, with TIGER 200 and KODEX 200TR seeing 90.5 billion won and 17.1 billion won in net outflows respectively. In contrast, retail investors net-purchased five money market active ETFs totaling 98.1 billion won, with KODEX Mone

According to South Korea Exchange, the Financial Services Commission and Korea Exchange launched Korea Premium Week 2026 on October 1, running through November 16. The three-week capital market IR event, the first of its kind, brings together 42 institutions including financial authorities, stock exchanges, investment associations, and media, alongside 55 listed companies. The core week of September 28 to October 2 features keynote sessions, global conferences, and company presentations at The G

According to Law360, trial began on October 1 at Manhattan federal court in a cryptocurrency theft case involving Uranium Finance. Prosecutors charge Maryland cybersecurity consultant Jonathan Spalletta with exploiting the protocol's smart contract vulnerability in 2021. The indictment alleges his second attack transferred approximately $53.3 million from 26 liquidity pools and caused the protocol to cease operations. The charges remain allegations; no conviction has been reached.

According to the UK Foreign Office, on October 1, the government added 23 new designations and 8 specific restrictive measures under its Russia sanctions regime.

According to investment banking industry sources on October 1, South Korea's Private Equity Fund Association is preparing to establish as a formal organization. The association plans to present its charter to member companies on October 28, followed by approval and submission to the Financial Services Commission. Official launch is expected in 2027. Lim Yoo-chul, CEO of H&Q Korea, is the frontrunner for inaugural chairman, according to industry insiders. Currently operating as an informal body w