Gate Crypto Flash News and Market Updates

According to Bitcoin Magazine, Block launched its first Bitcoin consumer advertising campaign starting this Thursday, set to run through December 31. The campaign slogan is "Some things don't make sense. Bitcoin does," featuring scenes of Americans complaining about rising living costs and Wall Street bank bailouts. Ads will appear across YouTube, X, Meta, Instagram, Fox Sports, and select movie theaters, including before screenings of "Deadpool & Wolverine" and "Dune 3." Block aims to promote B

On Thursday (October 1), the U.S. Brent crude oil fund surged 4.76%, leading major ETF asset classes. The VIX bullish fund rose 1.02%, the U.S. dollar index fund gained 0.66%, and gold ETF climbed 0.5%. Russell 2000 index ETF, 20+ year U.S. Treasury ETF, Nasdaq-100 ETF, investment-grade corporate bond ETF, and S&P 500 ETF each posted gains of at least 0.01%. Meanwhile, the euro bullish fund fell 0.77%, the soybean fund declined 1.13%, and the real estate ETF dropped 0.51%.

According to Cyber Kendra, NEAR Protocol recently suffered a $3.8 million exploit due to a bug in its NEAR Intents Omni deposit and withdrawal infrastructure. An attacker siphoned funds and routed them to exchanges including KuCoin before detection. NEAR's team quickly patched the vulnerability and implemented post-quantum security measures. Deposits and withdrawals are suspended for approximately 12 hours while security partners assist in asset recovery. All affected users will receive full com

According to Wu Blockchain, Drift Foundation officially launched a DFX claims and redemption process on October 1 for users affected by the April 1 incident, which resulted in total losses of approximately $295.4 million. Users can claim 1 DFX token for each USDT lost, with DFX redeemable based on the Recovery Pool's current balance of approximately 3.11 million USDT divided by outstanding supply. The claim window closes on January 1, 2028, after which unclaimed DFX will be burned.

According to Bloomberg, Anthropic scheduled a pre-IPO investor day event for October 14. The announcement comes ahead of the AI company's anticipated initial public offering.

According to Hungary's Foreign Ministry, on October 1, Hungary and Russia mutually expelled diplomatic personnel. Hungary stated it has no intention to escalate diplomatic tensions but will maintain its decision based on national security considerations. The ministry confirmed that Hungarian diplomatic missions in Russia will continue normal operations.

According to ChainCatcher, Elon Musk recently stated that SpaceX's version of the VR72 is expected to operate at an average power of approximately 250 kilowatts, with peak power output roughly 10 percent higher.

Federal Reserve Board Member Stephanie Cook stated that private credit does not pose a significant threat to financial stability, according to her latest remarks. Cook's comments reflect the Fed's current assessment of non-bank lending markets and their systemic risk implications.

Synopsys (SNPS) stock closed up 13% since August 27, marking its highest closing price in over two months. The chipmaker is collaborating with OpenAI to develop artificial intelligence models for chip design.

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%.