Gate Crypto Flash News and Market Updates

According to Guru Club, U.S. Senate Republicans formally proposed a cryptocurrency tax bill on October 1. The legislation aims to establish a regulatory framework for cryptocurrency taxation, though specific provisions were not disclosed in the announcement.

According to The Washington Post, Trump's official memecoin has lost more than 97% of its value since launching, falling from an all-time high of approximately $75.35 on January 19, 2025 to around $2.05 on October 1, 2026. The sharp decline has contributed to growing disillusionment among younger crypto investors who initially supported Trump's pro-cryptocurrency campaign message. Crypto streamer Carl Runefelt, who purchased additional bitcoin and $TRUMP tokens following Trump's 2024 election vi

According to Guru Club, on October 3, President Trump announced that the U.S. will not impose diesel export bans and has requested Europe to release additional diesel supplies to ease fuel price pressure. Trump stated: "I've made this request. Europe has large amounts of diesel, and they will make a major contribution to the world, as will we." He noted that Europe possesses substantial diesel reserves and is willing to participate in alleviating the global fuel shortage.

According to Bloomberg, the U.S. Department of Energy is preparing a roughly $4 billion loan package for Vistra to upgrade three nuclear reactors, with an announcement expected early next week at the Perry nuclear plant near Cleveland. The financing will fund modernization and capacity expansion across two facilities in Ohio and one in Pennsylvania, which together serve the PJM Interconnection grid supplying power to approximately 67 million residents. The administration views upgrading existing

According to OKX, the exchange has recently launched more than 70 tokenized US stocks and ETFs for users in eligible regions. The move allows traders to build diverse investment portfolios and access traditional market assets through tokenized instruments, with the exchange noting that trading is no longer limited to market closing hours.

According to Stellar Development Foundation, SDF announced a 10-year strategic vision at Meridian 2026, with focus shifting from infrastructure development to real-world utility and ecosystem adoption. The roadmap emphasizes building practical blockchain applications for cross-border transactions and financial inclusion, positioning Stellar as a key player in evolving financial technology landscape. SDF leadership stated the initiative aims to transform Stellar's existing infrastructure into wid

According to Money Today, a participant nicknamed 경제학과가보자 topped the ETF Investment King competition's second week (Sept 28-Oct 2) with a 34.39% return. The top five finishers were all leveraged or inverse ETF investors, with the leader using concentrated positions in Samsung Electronics and SK Hynix leveraged ETFs alongside KODEX 200 inverse 2X futures for short-term trading. The second-place finisher (HSB) achieved a 22.50% return by investing heavily in battery-themed leveraged ETFs. Across a

According to ChainCatcher, on October 2 at 11:30 EDT, the Arbitrum Security Council executed an emergency upgrade on Arbitrum One and Nova, halting all new Stylus contract activations on both chains and introducing a new protection mechanism for BoLD single-step proofs in Arbitrum One's dispute system. The upgrade raises the Gas required for Stylus activation to the theoretical maximum by calling ArbOwner.setWasmActivationGas(2^64 - 1), making new activations economically infeasible. Already-act

According to Guru Club, on October 2, major tech companies including OpenAI, Meta, and Anthropic unveiled AI mascots designed to ease public concerns. OpenAI introduced a colorful character wearing a bow tie and glasses, while Meta's Muse features a round, rosy-cheeked egg-shaped character. Anthropic created an orange crab named Clawd. The mascots aim to make AI assistants appear more approachable and trustworthy.

According to CNN, citing two sources familiar with the matter, U.S. President Trump is set to appoint Jay Clayton as AI czar, a new artificial intelligence advisor role, on October 2. Clayton currently serves as Director of National Intelligence. Last month, Trump announced plans to appoint an AI advisor and form an "AI force" across government departments, though he did not disclose specific details or implementation methods.

According to Guru Club, spot gold prices (in Chinese yuan) fell below 900 yuan per gram on October 3, declining 1% during the trading day.

According to Token Terminal, tokenized stock trading volume reached $48.7 billion over the past year, representing a 10,163.7% year-over-year increase. Uniswap dominated the market, capturing $17.1 billion in trading volume across its v4 and v3 platforms.

According to Odaily and Bitcoin.com News, Microsoft's official X account was hacked on Thursday, briefly promoting an unauthorized Meme token called CLIPPY. The account followed related promoters, retweeted their posts, and changed its avatar to Clippy. The unauthorized content was removed within 30 minutes, and Microsoft confirmed the account has been secured. Microsoft stated it never authorized any use of its intellectual property, including Clippy, to promote tokens and plans legal action. T

According to Bloomberg ETF analyst Eric Balchunas, the U.S. Securities and Exchange Commission (SEC) approved today 3x leveraged ETPs tracking Bitcoin, Ethereum, gold, silver, crude oil, and natural gas under the Securities Act of 1933.

According to Austan Goolsbee, President of the Federal Reserve Bank of Chicago, in an interview with Fox Business Network on October 2, the U.S. labor market remains stable but inflation remains a higher policy priority for the Fed. Goolsbee stated that all options remain on the table for the Federal Reserve's next meeting, including a potential rate increase, and the central bank will not rule out any decision until observing further evidence of progress toward the 2% inflation target.

According to SemiAnalysis, Cerebras stock plummeted nearly 20% this week to its lowest price since the company's May 2026 IPO, after research firm SemiAnalysis posted on X on Wednesday that OpenAI will use Nvidia graphics processing units instead of Cerebras hardware to power GPT-6.1 Sol's "Ultrafast" mode. The stock closed Friday at $166.43, down more than half from its debut and reflecting a market cap collapse from $95 billion to just over $39 billion. Sell pressure intensified this week with

According to economists, a U.S. diesel export ban could push U.K. inflation close to 5%. A prolonged ban would drive diesel prices above £3 per liter and add 0.5 to 1 percentage point to inflation, strengthening the case for further interest rate hikes by the Bank of England. The price surge would transmit quickly through supply chains to consumers, amplifying the impact of the supply-side shock across the economy.

On Friday, October 2, U.S. 10-year Treasury yields rose 2.99 basis points to 5.2706%, then spiked lower to 5.1528% after the nonfarm payroll data release at 8:30 p.m. Beijing time, marking a sharp V-shaped reversal throughout the trading session. Two-year yields gained 3.12 basis points to 4.8247%, dropping to 4.6913% following the jobs report before rebounding to 4.8477%. The 10-year yield has climbed 11.02 basis points for the week, while the 2-year has fallen 2.69 basis points.

According to Reuters, China halted exports of gasoline, diesel, and jet fuel to regions outside Hong Kong and Macau starting October 1, driving South Korean refiner stocks sharply higher on October 2. S-Oil (010950) closed up 11.69%, while SK Innovation (096770) rose 10.32% and GS (078930) gained 4.11%, significantly outpacing the broader KOSPI's 0.46% gain. The rally reflected expectations that reduced Asian supply could improve refining margins for domestic producers. Brent crude futures for D

According to the U.S. Coast Guard, in early September, the agency intercepted a cargo vessel in the Caribbean accused of illegally transporting fuel to Cuba. After boarding and inspecting the vessel, the Coast Guard diverted it to Puerto Progreso in Mexico's Yucatan Peninsula. Mexico's Navy confirmed the ship's ballast tanks contained large quantities of fuel, and the vessel also carried multiple containers believed to hold illegal fuel.