Gate Crypto Flash News and Market Updates

Mexico will send a trade delegation to the European Union in spring 2027, according to Mexico's economy minister. The announcement signals the country's commitment to strengthening bilateral trade relations with the EU.

According to Mike Crapo, chair of the Senate Financial Committee, Republican lawmakers are considering a plan to rapidly raise the U.S. debt ceiling before the current congressional session ends, aiming to limit Democrats' leverage if they gain majority control in future sessions. Crapo stated on Wednesday that "we should complete this early."

According to Michael Burry's Substack newsletter Cassandra Unchained, the renowned investor has warned that Nvidia's claims about GPU residual values rely on discounted cash flow models rather than actual secondary market prices. Burry argues that recent rebounds in older GPU rental rates stem from memory and energy bottlenecks, not hardware durability, and that once component shortages ease and newer architectures ramp up, legacy chip rental prices will drop significantly. Burry compares the cu

The U.S. dollar surged on Thursday, October 1, with the DXY (dollar index tracking six major currencies) up 0.51%, reaching its highest level since April 2025. EUR/USD plunged 0.77% to 1.12433, breaking below 1.1215 for the first time since May 2025. A global bond sell-off drove U.S. 10-year Treasury yields to 2002 highs, with mounting concerns over fiscal deterioration in Europe—particularly France's elevated debt levels—and rising energy prices fueling inflation concerns. NatWest Markets noted

According to The Verge, Google's satellite equipped with Tensor Processing Units (TPUs) successfully launched aboard SpaceX's Falcon 9 rocket on Thursday (October 1). The mission is part of Google's Project Suncatcher, an experimental initiative aimed at eventually deploying AI data centers in space.

According to F&Guide and Shinhan Investment, South Korea's KOSPI-listed companies' forward price-to-earnings ratio (PER) fell to 5.38x on October 2, down from 7.69x three months earlier and less than half the 10-year average of 10.25x. The decline occurred despite consensus operating profit estimates rising 230.97% year-over-year to 271 trillion won, with the KOSPI index itself dropping 19.33% in the same period. Analysts noted the valuation compression reflects market skepticism about profit su

According to SoSoValue, Grayscale's Zcash ETF (ticker ZCSH) recorded a net outflow of $30.25 million on Sept. 30, bringing cumulative net inflows to $268 million since its Aug. 25 launch. Meanwhile, ZEC traded at $1,333.50, down 7.29% for the day and approximately 21% below its $1,698 peak hit in late September, despite climbing roughly 253% from its $480.72 base. The outflow coincided with continued attention to the Bitget hack; blockchain investigator ZachXBT flagged $3.9 million worth of ZEC

According to Hedera, at GWDC 2026 Korea, the blockchain platform showcased its Cross-Ledger Protocol (CLPR), a technology enabling direct verification between different ledgers without intermediaries. The presentation, delivered by @jtchuiabroad, emphasized how interconnected ledgers can streamline digital finance by allowing ledger states to verify each other directly, potentially reshaping financial interactions by improving transaction efficiency and reducing reliance on middlemen.

According to Odaily, Kalshi submitted filings to the CFTC on September 28, advancing the termination date of its trading volume incentive program to October 13 from the originally planned October 1, 2027—nearly a year earlier. The adjustment follows approximately $5 billion in near-identical transactions detected on Kalshi's Ethereum perpetual contracts market, which drew regulatory scrutiny. In August, the CFTC warned that volume-linked incentives could encourage wash trading.

Nike warned that sales declines are expected to deepen in the current fiscal year, with Q1 revenue reaching $11.2 billion, down 4% year-over-year. The company projects high-single-digit percentage revenue declines for the full fiscal year. Nike is implementing a geographic restructuring plan aimed at generating $2.5 billion in savings over the next five years. The company expects its workforce will shrink as part of the operational consolidation.

According to ETF Check, South Korean semiconductor component and equipment ETFs rallied 20-30% over the past month, leading domestic exchanges. SOL Semiconductor Pre-Process ETF surged 32.45%, topping gains excluding leveraged and inverse funds, while HANARO, SOL AI Semiconductor Subcomponents, and KODEX AI Semiconductor Equipment ETFs climbed 28-27% respectively, outpacing the 1% gain in the KOSPI. Samsung Securities reported that October rebalancing will affect 23.2 trillion Korean won in ETF

According to South Korea's financial investment industry, mid-sized securities firms are accelerating capital raising to achieve combined financial investment company (CFIC) status, which requires maintaining at least 3 trillion won in equity capital for two consecutive years. As of end of September, 10 domestic brokers held 3 trillion won CFIC status. Hana Finance Investment resolved to raise up to 900 billion won, with 500 billion through capital increase and 400 billion via subordinated bonds

According to Daishin Securities, South Korea announced $200 billion in strategic U.S. investment projects on September 30, comprising a Texas natural gas-fired power plant ($22 billion+), eight large nuclear reactors ($100 billion construction + $20 billion contingency), and the Alaska LNG project ($50 billion+). Securities analysts assess the investment's direct impact on South Korea's stock market and foreign exchange market as neutral, with this year's remittance projected at approximately $1

Communication platform company Twilio rose 2% after hours on October 1 following news that it will be included in the S&P 500 index.

According to Politico, Israeli President Isaac Herzog called U.S. President Donald Trump Israel's "number one friend" on Thursday, underscoring the strong bilateral relationship between the two countries.

According to Reuters, crude oil prices rose for a second consecutive day on October 1 (U.S. Eastern time). WTI November futures surged $2.45 (2.71%) to close at $92.87 per barrel, while Brent December crude jumped $4.28 (4.37%) to $102.31 per barrel. China halted petroleum product exports to secure domestic inventories, with authorities not approving October shipments. The move coincided with reports that the U.S. would deploy an additional 10,000 troops to the Middle East, adding geopolitical p

According to market strategists, France's 10-year government bond spread over Germany surged to 141 basis points on Thursday (October 1), marking the highest level since 2012. Goldman Sachs analysts point to deteriorating French public finances and political gridlock over the budget. France's CDS prices have doubled over the past month, while risk premiums across eurozone peripheral debt have climbed sharply, triggering concerns about a renewed debt crisis. U.S. Treasury yields swung overnight b

Shinhan Bank, one of South Korea's largest banks, recently completed a stablecoin pilot designed to streamline corporate cross-border remittances. Supported by the Solana Foundation, the initiative tested end-to-end wire transfers on blockchain, achieving near-instant, low-cost settlements. The pilot aims to reduce international transfer fees and enhance transaction speed for corporate clients.

According to PR Newswire, shareholders of blank-check firm Armada Acquisition Corp. II approved Evernorth's proposed business combination on Oct. 1. The deal is expected to close on Oct. 7, with shares of the combined company set to begin trading on Nasdaq under the ticker XRPN on Oct. 8. At closing, Evernorth expects to hold approximately 473 million XRP, valued at roughly $710 million at current market prices, positioning it as the largest publicly traded pure-play XRP treasury company. The tr

According to the U.S. Securities and Exchange Commission, on October 2, the agency proposed a new custody framework for crypto assets, allowing registered investment advisors and funds to self-custody digital assets under specific conditions. The proposal also permits state trust companies to serve as custodians for clients and regulated funds. According to CoinDesk, self-custody requires that advisors possess crypto custody expertise, no qualified third-party custodian is available, and complia