Gate Crypto Flash News and Market Updates

Minneapolis Federal Reserve President Neel Kashkari said on Wednesday he is skeptical of claims that the broader U.S. economy is contracting outside of artificial intelligence infrastructure investments. Speaking at an event hosted by the Council on Foreign Relations in New York, Kashkari stated that corporate profits across many industries have grown significantly, not solely in sectors directly related to AI infrastructure development.

Petrobras' Chief Executive Officer announced the company will deploy drilling vessels to commence operations on three new oil wells beginning in the first quarter of 2027.

Porsche has written off its PIONΞERS CIRCLE NFT project, leaving holders with digital assets down 96% from peak values. According to Protos, the collection's floor price has fallen from 0.911 ETH at launch in 2023 to just 0.077 ETH, representing an 85% decline below the original mint price. The NFT initiative, which provided holders access to exclusive events and awards, was framed by Porsche as an "experimentation" and "shared adventure." Despite the shutdown, Porsche stated the NFTs will remai

According to The Information, CEO Nathan McCauley informed Anchorage Digital employees of a 17% workforce reduction this week. The $4.2 billion federally chartered digital asset bank, which had approximately 400 employees globally as of February, would reduce its headcount by roughly 68 people at that level. The layoffs coincide with prolonged weakness in crypto markets. Bitcoin briefly recovered above $87,000 on Friday but remains significantly below its $126,000 peak from October 2025, suggest

Petrobras' CEO announced the company expects to complete drilling of its first well in the Amazon Estuary by the end of October.

According to @arbitrum, PGA generated over $136,000 in fee revenue within its first week since launching on Arbitrum One on September 25. Approximately 50% of all transactions included a priority fee, indicating strong user engagement and willingness to pay for faster processing on the network.

WTI crude oil November futures closed at $91.11 per barrel on October 2. Abu Dhabi Murban crude futures fell 0.91% to $108.40 per barrel, up 9.44% for the week. NYMEX natural gas November futures settled at $3.0350 per MMBtu, while November gasoline and heating oil futures closed at $3.3124 per gallon and $4.5011 per gallon, respectively.

According to Uniswap Labs, the protocol is advising SMBC Nikko, one of Japan's largest securities firms, on the integration and liquidity deployment for a new compliant trading venue. The partnership aims to establish a trading platform that adheres to Japan's stringent regulatory requirements, with an anticipated on-chain launch in mid-2027.

According to Odaily, BNB Chain's tokenized stocks and ETF assets have surpassed $1 billion in total value, becoming the first blockchain network to reach this milestone.

According to Odaily, Pudgy Penguins and LINE FRIENDS announced a limited collaboration series featuring plush toys, blind boxes, and collectible merchandise. The collection is now available at LINE FRIENDS physical stores and online channels across Asia.

According to Nikkei Asia, Seagate (STX) and Western Digital (WDC) shares fell 12% and 11%, respectively, on Friday after the outlet reported that Toshiba plans to invest 60 billion yen in its Philippines facilities to double production capacity for AI data-center drives by fiscal 2027. Analysts at Morgan Stanley, Rosenblatt, and Citi maintained positive ratings on both stocks, arguing that Toshiba's expansion is unlikely to close the industry's supply gap or erase pricing power driven by AI dema

According to FinanceFeeds, Cboe Global Markets is exploring perpetual futures tied to the VIX, potentially adapting one of cryptocurrency's key derivatives structures to Wall Street's main volatility benchmark. The proposal currently remains at an early stage, with no contract specifications, regulatory filing or launch timetable disclosed. The structure would remove expiry dates from conventional VIX futures, allowing traders to maintain continuous volatility exposure through a funding mechanis

According to Peskov, Russia's presidential spokesman, Russia has not held bilateral talks on Black Sea security with any country as of today (October 2), though it remains open to dialogue on the matter with all nations. Peskov made the statement in response to questions on whether Russia was considering bilateral agreements on Black Sea security with India, Egypt, and Turkey.

According to Bloomberg, Absa bank in Johannesburg became Africa's first bank to offer Bitcoin custody services, primarily targeting institutional clients. Rob Downes, head of digital assets at Absa's corporate and investment banking division, stated that Bitcoin is the largest asset held in custody, with plans to expand to additional asset classes. Global banks are increasingly integrating cryptocurrency services; BNY Mellon launched digital asset custody in 2022, while Deutsche Bank plans to in

According to CoinGecko's data published Friday, Dogecoin has outperformed Nike stock over the past five years despite both assets declining sharply. Dogecoin currently trades at $0.096, down approximately 87% from $0.223 in October 2021, while Nike shares have fallen to $35.22 from $149.60 over the same period, representing a 76% decline. By market capitalization, Dogecoin ranks as the 11th-largest cryptocurrency at $15.10 billion, while Nike remains the larger company overall at $52.14 billion.

According to a U.S. official cited by Jin10, the U.S.-Ukraine Joint Reconstruction Investment Fund finalized its first critical minerals project yesterday (October 2), bringing cumulative projects to 6 with a combined value of approximately $70 million. The inaugural minerals project will allocate roughly $30 million to BGV Group's investment platform in Ukraine, focusing on early-stage mining projects targeting critical minerals including rare earth elements, uranium, beryllium, and zirconium l

On September 29, Charles Hoskinson used X to clarify that he holds no official executive position within the decentralized Cardano network and bears no responsibility for adoption rates. "I am not accountable for Cardano adoption. Full stop," he stated, emphasizing that his role is limited to serving as CEO of Input Output Global (IOG), the engineering firm that built Cardano's original codebase. Cardano's governance structure, controlled by community-elected delegates (DReps) through on-chain v

According to the U.S. Bureau of Labor Statistics (BLS), on October 2, the bureau revised job gains downward by 60,000 for July and August, citing additional business reports and seasonal recalculations. The earlier, more optimistic figures had been key factors in the Federal Reserve's September 16 interest rate hike, the first in three years. September's employment report revealed only 29,000 jobs added against a forecast of 84,000, with the unemployment rate rising to 4.2%. The BLS initially re

According to Bloomberg, Goldman Sachs is earning hundreds of millions in performance fees from SpaceX clients' early-stage stakes following the company's June 2026 IPO at a $1.77 trillion valuation. Goldman arranged the early investments for wealthy clients more than five years ago, when SpaceX's valuation stood in the hundreds of billions. The bank's investment banking team separately earned approximately $100 million in advisory fees for managing the IPO, underscoring dual revenue streams from

Nvidia has approved a record $150 billion increase to its share repurchase program on October 2, lifting its remaining buyback capacity to $235 billion, which the company expects to use through fiscal 2028. The company called this the largest share-repurchase authorization increase in history. The move reflects Nvidia's strong cash generation amid extraordinary growth. In fiscal Q2, the company reported revenue of $96.2 billion, up 106% year over year, with Data Center revenue climbing 117% to $