Gate Crypto Flash News and Market Updates

On October 2, UK 10-year gilt yields fell to 5.291% as the U.S. nonfarm employment report was released during European market close. The 10-year rate declined 3.2 basis points from earlier in the session to 5.366% and had hit a daily high of 5.504% on October 1. Long-duration gilts also declined, with 30-year yields dropping 5.4 basis points to 5.891%.

According to Truth Social, on October 2, President Donald Trump announced that Europe agreed to release significant diesel reserves. Trump stated the release procedure would begin immediately. According to Reuters, the European Union discussed a proposal by France to release 50 million barrels of diesel within the EU to address price surges.

According to UN Women, on October 2, Middle East tensions blocking Hormuz Strait shipping are pushing up global food prices and creating income pressures. The agency estimates that by end-2026, approximately 22 million people globally will face food insecurity as a result, with about 53% of them (11.7 million) being women.

According to French President Emmanuel Macron, the G7 agreed today (October 2) to release 100 million barrels of crude oil and diesel from strategic reserves to help lower fuel prices. The International Energy Agency (IEA) will coordinate the release, which will take place over the next four months.

On October 1, ECB Executive Board member Isabel Schnabel presented three models for putting central bank money onchain at the Bank of England's Future of Money conference in London. The approaches would either tokenize central bank reserves directly on a programmable platform, connect existing real-time gross settlement infrastructure to distributed ledger technology through an interoperability layer, or use a private intermediary to issue settlement tokens fully backed by central bank reserves.

A 49-year-old contractor was killed yesterday (October 1) while performing maintenance work at Codelco's Radomiro Tomic copper mine, marking the second fatal incident in Chile's mining sector within two weeks. The worker died in the crushing and material handling area. This incident underscores safety challenges facing the world's largest copper producer as BHP Group's Escondida mine also reported a worker fatality last week and temporarily halted operations.

According to sources, Canada and Turkey's trade ministers reached an agreement this week to accelerate their trade negotiations. The two countries aim to advance discussions and expedite the pace of bilateral trade discussions moving forward.

According to Royal Bank of Canada's capital markets division, the bank has pushed back its expectations for Federal Reserve rate hikes, now forecasting increases in December and March instead of the previously anticipated October and December meetings. Strategists noted the current terminal rate pricing remains elevated relative to a reasonable valuation range of two to 2.8 total hikes.

According to Russia's Defense Ministry, Russian forces struck Ukrainian military infrastructure and vessels early on October 2, including a facility at Izmail port in Odesa region used for receiving, storing, and transporting military supplies and fuel. The strikes also targeted a cargo ship carrying Ukrainian military cargo, a road-rail bridge providing logistical support, and a power station in Kyiv region. Over the past 24 hours, Russian forces also took control of three settlements in the Kh

According to Western and regional officials, Saudi Arabia plans to launch military operations against Houthi forces on October 3 to break their blockade of Red Sea shipping lanes.

According to NEAR Protocol, the newly launched Bitwise NEAR ETF has accumulated net inflows exceeding $50 million since trading began on September 29, with cumulative inflows recorded as of September 30. The ETF has attracted institutional investor interest in NEAR.

According to Yonhap Infomax, US Treasury yields declined sharply on October 2 as September nonfarm payroll data came in significantly below expectations, weakening bets on further rate hikes. The 10-year Treasury yield fell 6.40 basis points to 5.171%, while the 2-year yield dropped 6.20bp to 4.725%. September nonfarm employment stood at only 29,000, far below the market expectation of 90,000 and down sharply from August's revised figure of 133,000. The unemployment rate rose to 4.2%. According

According to influencer @SolanaFloor, Solana's decentralized finance total value locked (TVL) reached $6.5 billion as of October 2, 2026. Pumpfun has reclaimed its position as the leading launchpad on the network.

According to Pakistani security sources, 2 unarmed Pakistani civilians were killed by gunfire from Indian border security forces recently.

On October 1–2, six South Korean banks including Shinhan, KB Kookmin, Hana, Woori, NH Nonghyup, and BNK Busan were targeted by coordinated AI-driven hacking attacks. Customer data was confirmed compromised at three major institutions: Shinhan (approximately 25,000 customers), KB Kookmin (119), and Hana Bank (89). BNK Busan also disclosed that contractor employee information was exposed. The attacks exploited diverse security vulnerabilities across employee internal websites rather than main bank

According to Turkey's Disaster and Emergency Management Authority, a coal mine in Soma, western Turkey, collapsed on October 1, killing 5 miners and injuring 2. The incident trapped 7 miners, and rescue crews recovered 5 bodies overnight. One of the two rescued miners remains hospitalized. Nine people, including the mining company's general manager, have been detained following the accident.

According to Reuters, Amazon has discussed transferring thousands of Nvidia GPUs valued at approximately $8 billion into a special-purpose vehicle (SPV), which would own the chips and lease them back to Amazon. The structure operates as a sale-and-leaseback, allowing Amazon to continue using the GPUs in AWS data centers while external investors own the hardware and absorb financing and residual-value risk. The proposal aligns with Amazon's capital spending plans of over $200 billion this year, m

According to Whale Alert, on October 2, 2026, 929 BTC (valued at approximately $79 million) were transferred from an unknown wallet to Coinbase. The transaction highlights notable on-chain activity in the Bitcoin ecosystem as traders monitor large-scale movements to assess potential shifts in market liquidity and dynamics.

According to SolanaFloor, Solana reported app revenue of $365 million in Q3 2026, up 42.6% quarter-over-quarter. The blockchain has maintained revenue leadership across all chains for the 10th consecutive quarter, solidifying its position as the dominant platform for decentralized applications. Pumpfun, fomo, and AxiomExchange were the primary revenue contributors to the network.

Israeli Prime Minister Benjamin Netanyahu said on October 2 in a video statement that "the truth is becoming clearer" regarding the Dubai airline cockpit conflict, adding that the attacker was influenced by extremist ideology and intended to crash the aircraft. Netanyahu stated that Israel is investigating whether the attacker acted under external direction, vowing that "whoever is behind this will pay a heavy price."