Gate Crypto Flash News and Market Updates

According to China National Petroleum Corporation, the country's largest desert oil field—Hadhe-Fulman—has surpassed 260 million tons of oil and gas production from depths below 6,000 meters. On October 5, the Zhentang-1 well, located at the northern edge of the Taklimakan Desert, successfully extracted rock cores from 8,080 meters below ground, marking China's first core extraction at depths exceeding 8,000 meters in the northwestern Tarim Basin.

According to Onchain Lens, Hyperliquid burned 112,580 HYPE tokens worth $10.15 million over the past 24 hours on October 5, at a volume-weighted average price of $90.20. The buyback funding came from AQAv2 revenue and trading fees, with the protocol generating an estimated $9.89 million in fees over the 24-hour period. To date, a cumulative 49.25 million HYPE tokens have been permanently removed from circulation, equivalent to approximately $4.45 billion.

According to Onchain Lens data, Hyperliquid repurchased and burned 112,580 HYPE tokens in the past 24 hours on October 4–5, worth approximately $10.15 million at a volume-weighted average price of $90.2. The repurchased tokens were funded by AQAv2 revenues and trading fees. Hyperliquid recorded approximately $989,000 in trading fees over the past 24 hours, supporting the buyback capacity. To date, Hyperliquid has permanently removed 49.25 million HYPE tokens, worth roughly $4.45 billion, from ci

According to China National Petroleum Corporation, the Hadhe-Fuman oil field in the Taklimakan Desert has surpassed 26 million tons of oil and gas production from depths exceeding 6,000 meters. Recently, the Zhentan-1 well at the northern edge of the Taklimakan successfully extracted rock core samples from 8,080 meters below the surface, marking the first time China has obtained core samples from beyond 8,000 meters depth in the northwest margin of the Tarim Basin. The recovered cores have remai

According to FSA Japan, the Financial Services Agency has recently updated its guidance on pre-application confirmation procedures and revised the List of Applicable Laws and Responsible Departments. The update, detailed in an official FSA tweet, clarifies legal interpretation procedures relevant to cryptocurrency firms operating in Japan. The revised guidance is designed to provide clearer compliance pathways for crypto companies navigating Japan's regulatory environment.

According to Bitget, NIL rose 17.9% in 24 hours to $0.09631 on October 5.

According to South Korea's financial authorities, on October 5, major financial institutions including Shinhan Bank, KB Kookmin Bank, Hana Bank, and Busan Bank suffered coordinated cyberattacks with customer information breached. Shinhan Bank reported approximately 25,000 customer records compromised, while KB Kookmin Bank and Hana Bank disclosed 119 and 89 records respectively. Savings banks including Welcome Savings Bank and fintech platforms also reported data exposure, affecting roughly 2,20

According to Citi Bank Chief Economist Kim Jin-wook, the bank has revised its long-term USD/KRW forecast to 1,250 won from 1,400 won, driven by strong South Korean trade performance. South Korea's September trade surplus hit a record $49.9 billion, with semiconductor exports surging 189% year-over-year. Citi expects South Korea's current account surplus to reach 22.2% of GDP through 2028, up from a 10-year average of 4.2%, as memory chip exports continue their supercycle.

Recently, Pranksy, an NFT whale, claimed on X that BAYC destroyed NFT by overshadowing the technology with avatar-class projects, leading to mass copycat projects flooding the market. In response, BAYC co-founder Greg Solano alleged that Pranksy sold BAYC assets worth potentially $500 million for merely millions of dollars, while subsequently promoting numerous counterfeit NFT projects. Solano added that Pranksy's own NFT ventures have since been removed from her profile, concluding: "Either be

According to Arkham monitoring data, approximately 9 hours ago, an address marked as the suspected IOSG Ventures institutional wallet staked 75,000 LINK tokens valued at approximately $1.06 million and subsequently withdrew over $11,000 in staking rewards.

WTI crude oil broke below $89 per barrel on October 5, declining nearly 1.5% during intraday trading.

According to Hong Kong stock exchange disclosure on October 5, Tian Chi Materials (002709.SZ) passed the Mainboard listing hearing, with JPMorgan Chase, CITIC Securities, and Guangfa Securities as joint sponsors. The company is a global leader in lithium-ion battery materials and daily chemical materials, with business segments spanning electrolyte solutions, cathode materials (lithium iron phosphate), and battery adhesives. The company is expanding into emerging sectors including electric verti

According to BlockBeats, Polymarket founder and CEO Shayne Coplan announced on October 5 that he will speak at Token 2049. His post included revenue and market cap comparisons between Polymarket and Hyperliquid, sparking speculation from crypto commentators, including The Rollup host Andy, that he may announce token-related news during the event. Polymarket has recently hired executives from Amazon, Uber, NYSE, Coinbase, and Robinhood, while adding CFO and compliance roles. Some analysts suggest

According to PANews, Zcash activated the NU7 network upgrade on its testnet on October 5, with activation occurring at block height 4,465,026.

According to Jin10 Data, the U.S. military has recently deployed additional forces to the Middle East, including the USS Roosevelt carrier strike group, amphibious vessels, and thousands of Marines. The carrier strike group is expected to arrive in the region by late October, according to current deployment schedules. Middle East analyst Wang Jin stated that the arrival of the USS Roosevelt could trigger a new round of military actions by the U.S. against Iran. Experts warn the U.S. and Iran rem

According to Liquid24/7.xyz monitoring data reported by ChainCatcher, Binance perpetual BTC has a buy order of approximately 200.98 BTC (worth $17.41 million) at $86,620 as of today. The buy order represents the most prominent support level in near-term order book depth, accounting for 14.38% of total depth.

According to Societe Generale, gold rose in Asian trading on Monday, October 5, as U.S. consumer spending data released at the end of September came in below expectations. The weaker personal consumption expenditures (PCE) data dampened market expectations for a Federal Reserve rate hike in October, with pricing showing approximately 40% odds of Fed action this month, providing initial support for gold entering the month.

According to Pendle Finance's official announcement on September 29, 2026, the platform launched NGI+, a new product that tracks the net asset value of a fund managed by Partners Group. The fund has delivered a 48.8% net return over 2.5 years. Partners Group manages $186 billion in assets under management. Pendle's liquidity pool currently offers an annual percentage yield (APY) of 55.3%.

According to Reuters, Elon Musk announced on Sunday, October 4, that SpaceX plans to rename its AI division SpaceXAI to SpaceXSI. Musk's move responds to U.S. President Trump's recent initiative to replace the term "Artificial Intelligence" with "Super Intelligence," a rebranding Trump promoted at the UN General Assembly in September, stating that all U.S. documents should use the more precise term going forward.

According to MSX.COM data, SDEV stock, the treasury company holding SKY tokens, surged from around $1 in late September to $7.48 at market close on October 2, gaining over 700% in 15 days, with a current market cap of approximately $387 million. Based on the company's S-3/A filing submitted in September, SDEV held approximately 2.315 billion SKY tokens as of September 13, representing about 10% of total SKY supply, with nearly all tokens staked on the Sky protocol.