Gate Crypto Flash News and Market Updates

A British maritime trade organization has reported that an oil tanker caught fire after being struck by an unidentified object while transiting the Strait of Hormuz. The incident was confirmed by the organization, which coordinates maritime safety information in the region.

The Securities and Exchange Commission today proposed new rules and amendments to provide a tailored framework for the custody of crypto assets by registered investment advisers and regulated funds. The proposal would modernize custody rules and expand investor choice by removing regulatory barriers, while allowing regulated funds to offer clients access to a wider range of crypto asset-related investment strategies. Under the proposal, crypto assets could be held in self-custody under certain c

The U.S. Treasury Department recently sanctioned the A7 Network, a shadow banking entity allegedly facilitating Iran's sanctions evasion. FinCEN proposed a rule prohibiting financial institutions from engaging in transactions with the network's sub-agents, designating it as a significant transnational criminal organization. The A7 Network reportedly processes over 2,000 transactions daily, totaling more than 7.5 trillion rubles. The enforcement action aims to disrupt illicit financial flows and

On October 1, the S&P 500 index closed up 0.2%, with the energy sector gaining 1.9%, industrial and technology sectors each rising approximately 1%, while the telecommunications sector fell 1.1%. The Nasdaq-100 closed up 0.3%, with top gainers including Synopsys (SNPS) up 12.9%, Lumentum up 7.3%, and Corsair Gaming (CRSR) up 6.1%. On the downside, Amgen fell 3.1% and Alnylam Pharmaceuticals (ALNY) dropped 6.3%. The semiconductor index gained 1.6%, while the biotechnology index declined 2%.

The Nasdaq Golden Dragon China Index fell 1.1% today. Among major Chinese tech stocks, Li Auto declined 2%, while Pinduoduo, Baidu, and XPeng dropped at least 1.3%. Xiaomi, Tencent, NetEase, and Alibaba fell up to 0.8%. Meituan gained 0.5%, with Mediatek (MediaTek) and BYD advancing 0.6% and 0.8%, respectively.

According to Federal Reserve Vice Chair Philip Jefferson, on October 1, the Fed will take a measured approach to future monetary policy adjustments, with interest rates having risen further since September. Speaking at the University of Virginia's Darden School of Business, Jefferson stated that policy decisions must carefully consider indicator trends, economic outlook, and risk balance. He noted that inflation remains above the Fed's 2% target while the labor market and economic activity remai

On Thursday (Oct 1), U.S. Treasury yields declined across the curve at the New York close. The 10-year yield fell 4.21 basis points to 5.2407%, while the 2-year yield dropped 10.82 basis points to 4.7810%. The 30-year yield declined 1.72 basis points to 5.6114%. Treasury Inflation-Protected Securities (TIPS) also retreated, with 10-year TIPS yield falling 3.39 basis points to 2.8799% and 2-year TIPS yield dropping 13.92 basis points to 2.2079%.

The XRPL lending protocol amendment LendingProtocolV11 is currently under validator consideration, proposing closed-ended lending vaults and cash-basis interest accounting. Under the proposal, vaults would move through three stages—subscription, investment, and redemption—with membership fixed once the subscription window closes. This contrasts with existing open-ended vaults that allow users to enter and exit at any time. Additionally, interest income would only be recognized when borrowers act

Federal Reserve Governor Bowman said earlier this year that no additional interest rate adjustments are necessary for the remainder of 2026.

According to OpenAI, on July 24-25, the company shut down a coordinated campaign to extract the hidden reasoning process from its AI models. The campaign, which began on July 1, generated 16,000 extraction requests from more than 4,000 users across a cluster of over 15,000 users. OpenAI says it fully disrupted the activity by July 28. OpenAI attributes a core cluster of the activity to individuals associated with Moonshot AI, developer of the Kimi chatbot. The operators targeted the encrypted "r

According to Bloomberg data, on Thursday (October 1), Chicago wheat futures rose 1.22% and ICE raw sugar futures surged 7.54% in New York afternoon trading. CBOT corn futures gained 0.25%, while soybean futures declined 0.72%. The Bloomberg Grains Index, which tracks the broader commodities market, posted a 0.14% gain to 33.0823 points, forming a W-shaped reversal pattern. ICE white sugar futures gained 0.41%.

According to Rosenberg Research, on October 1, Jeffrey Gundlach, CEO of DoubleLine Capital, warned that the U.S. stock market appears sound on the surface but is rotting from within. He cited data showing 80% of S&P 500 constituents have declined at least 10% from their 52-week highs, while 39% have fallen 20% or more into bear market territory, describing this as a classic deterioration of market breadth. Gundlach also flagged similar structural risks in private credit markets, where private eq

According to CME COMEX data, December gold futures rose 0.35% to $4,201.50 per troy ounce on September 30 (U.S. Eastern Time). The surge was driven by a sharp decline in U.S. Treasury yields amid risk-off sentiment; the 2-year yield fell over 14 basis points, while the 10-year yield dropped nearly 8 basis points.

According to Iran's Foreign Ministry, Iraq has been requested to take measures to lift flight restrictions imposed due to U.S. sanctions and restore normal flight operations between the two countries.

According to the Wall Street Journal, Authentic Brands Group is in discussions to acquire toy maker Mattel at a valuation potentially exceeding $20 per share. Following the news, Mattel shares surged 36%. Both Mattel and Authentic declined to comment on the matter, citing company policy not to address market speculation.

According to the San Francisco Federal Reserve's September 28 research letter, stablecoin issuers added approximately $200 billion in US Treasury holdings between 2021 and mid-2026, offsetting more than 40% of China's concurrent reduction in government debt positions. The research found that stablecoin issuers' holdings expanded more than tenfold over the five-year period, and their purchases of short-term Treasury bills have surpassed Japan's since 2023. The Federal Reserve projected that stabl

According to a Time interview published on October 1, President Donald Trump said he could intensify bombing of Iran after the November midterm elections. Separately, Secretary of State Marco Rubio demanded Iran's UN delegation leave the United States immediately on September 29, amid stalled negotiations, according to Axios. The Trump administration is simultaneously raising military and diplomatic pressure as negotiations between Washington and Tehran remain deadlocked. Rubio's move to expel t

According to Crypto Briefing, Standard Chartered initiated research coverage on Ethena, marking the seventh DeFi and onchain infrastructure project the bank has added since mid-June. The recent coverage follows Uniswap, Aave, Morpho, Chainlink, Sky, and Arbitrum, spanning decentralized trading, lending, stablecoin issuance, data infrastructure and blockchain execution. Each report includes individual models for revenue, usage, token economics and valuation, signaling a shift in institutional cry

According to Coinbase, the exchange will convert existing Aerodrome (AERO) and Velodrome (VELO) tokens into a new unified AERO token from November 2 through 4, 2026. During the migration window, deposits and withdrawals of legacy tokens will be paused. Conversion rates are 1 old AERO to 1 new AERO, while each VELO converts to approximately 0.044 new AERO. Aerodrome holders will receive approximately 94.5% of the new AERO supply, with Velodrome holders receiving the remaining 5.5%. VELO trading w

On Thursday, the U.S. Trade Representative held discussions with European Union partners regarding diesel export matters, according to the official statement.