Gate Crypto Flash News and Market Updates

According to WTO Deputy Director-General Johanna Hill, the world is currently in a prosperous development phase for artificial intelligence, with focus on building an AI economic system and developing related infrastructure and applications. Speaking on October 8, Hill emphasized that this encompasses data center infrastructure development and the widespread adoption of practical AI applications globally.

According to Bitget, crypto-related stocks declined across the board at the opening of U.S. markets today. MicroStrategy (MSTR) fell 2.95%, Coinbase (COIN) dropped 2.43%, Circle (CRCL) declined 1.31%, BitMine Immersion (BMNR) fell 2.51%, SharpLink Gaming (SBET) dropped 2.79%, and Robinhood Markets (HOOD) fell 2.83%.

According to European Council President Costa, two negotiation groups for Ukraine's European Union accession talks will be launched next week.

According to the Manhattan District Attorney's Office, the office will bring new charges against Venezuelan leader Nicolás Maduro on Thursday (October 9).

According to Bloomberg, Coinbase is expanding services for traditional financial institutions to capitalize on growing institutional adoption of crypto. Coinbase Institutional head Liz Martin said Thursday that "prime brokerage is growing very rapidly" and is "among the fastest-growing areas" of the business. The company also announced it will custody USDC held in Samsung Wallet via Coinbase Prime, with USDC becoming the default stablecoin for Samsung's mobile payment service users starting late

ChainIT Inc. announced on Oct. 7 the production release of biometric MPC wallets designed for institutional Web3 operations. The new wallet replaces memorized passwords with biometric verification and cryptographic identity proofs, requiring a verified organizational member to approve each transaction before signing. The system uses two-party MPC architecture where the signing key is divided into two shares, each protected in isolated AWS Nitro Enclaves. Both enclaves must participate to generat

According to chain analyst Ai (@ai9684xtpa), address 0x129...72EbE accumulated approximately $8.09 million in altcoins over the past 4 hours on October 8. The purchases included $ZRO 2.55 million tokens ($5.3M at $2.08), $WLD 4.41 million tokens ($2.29M at $0.5189), and $CHIP 10 million tokens ($492K at $0.04928).

According to Foresight News, Robinhood listed XDC spot trading. The U.S. retail brokerage has added XDC to its spot trading platform, allowing users to trade the asset directly.

Today, SKL surged to $0.00495, gaining 10% within just 60 minutes. The 24-hour percentage change reached 12.76%, with trading volume recorded at approximately $1.5 million over the past day. The asset's daily range spanned from a low of $0.00432 to a high of $0.00495, reflecting active trading as investors responded to the upward momentum.

According to Foresight News, TruGolf (Nasdaq: TRUG) has completed its acquisition of Polymesh developer Polymath Research on October 8, with the acquisition amount not disclosed. Following the transaction, Polymath will operate as TruGolf's wholly owned subsidiary. Natalie Hirsch, who served as Polymath's chief financial officer and interim chief executive during the transaction, has been appointed as TruGolf's chief financial officer and chief operating officer. David Hackett has joined TruGolf

According to Xinhua, Peru's President Dina Boluarte announced the establishment of a joint military-police command structure on October 7 to address rising crime in the country. The structure will coordinate criminal investigation and enforcement operations. Boluarte made the announcement at a ceremony held at the Army Headquarters in Lima. The new command will also establish a major operational command center to oversee all law enforcement activities nationwide.

According to BlockBeats citing BIT market data, U.S. storage stocks declined broadly on Oct 8, with SanDisk down 1.4%, Micron down 0.96%, Western Digital down 1.28%, SK Hynix down 0.89%, and Seagate down 1.74%. Optical communications stocks also retreated, with Applied Optoelectronics declining 4.95%, Coherent down 4.51%, Lumentum down 3.76%, Corning down 3.46%, Marvell Technology down 2.64%, Ciena down 2.59%, and Broadcom down 1.35%.

According to Saudi Civil Defense, a ballistic missile was intercepted over Riyadh, with falling debris causing property damage to a kindergarten and medical clinic complex in the city. The civil defense department did not immediately provide details on the extent of the damage or whether there were any casualties.

According to Magnific, on October 8, the company launched Magnific One, an image generation model that incorporates art direction for composition, style, lighting, and texture. The model supports Brand Kit application during image creation and is available across web, desktop, mobile, and Magnific MCP. Magnific One offers Draft and Final modes. Draft returns 8 or 16 image options at the cost of one credit; Final produces 2K or 4K images starting at 180 credits per image. Auto Layers feature enab

According to ChainCatcher, Ondo Private Markets launched the OpenAI Private Markets Note on its Ondo Perps spot order book on October 8. The tokenized note tracks the economic exposure of OpenAI's privately-held valuation and can be traded 24/7 without waiting for an IPO, with tokens held in self-custodial wallets and freely transferable among qualified holders. Ondo Private Markets is built on a platform with $3.9 billion in total value locked (TVL) and over 1 million holders. The note does not

According to Gate trading data, U.S. stocks declined at market open on October 8. The Dow Jones Industrial Average fell 0.36%, the S&P 500 dropped 0.37%, and the Nasdaq Composite declined 0.51%.

According to Coinglass, over the past 24 hours, the crypto market experienced $413 million in liquidations, with long positions accounting for $361 million and short positions $52.45 million. Bitcoin saw $126 million in long liquidations and $10.03 million in shorts, while Ethereum recorded $70.17 million in longs and $9.92 million in shorts. The largest single liquidation occurred on Binance's BTCUSDT pair at $11.82 million.

According to Devexperts, the company has appointed Rainer Fuchsluger as Global Group Chief Executive Officer with immediate effect, replacing Ben Hurley after more than four years at the firm, including two as CEO. Fuchsluger brings more than 25 years of experience in financial software, market data and exchange technology, with prior senior roles at LSEG, Wolters Kluwer, SS&C, ICE and Thomson Reuters. His mandate includes extending Devexperts' product portfolio across the investment and trading

According to Protos, Justin Sun announced over the past week the first winners of the Justin Sun Prize, an award for mathematicians who solve mathematical problems using AI. Six problems have been solved by three individuals; however, the prize terms remain vague. While the award was presented as offering one million dollars in stablecoins, those funds are only guaranteed for solvers of the seven designated "pinnacle problems." The monetary compensation for solving the other 1,015 listed problem

According to TechCrunch, Google has released AI Edge Foresight, a local-first meeting note-taker, following its April AI dictation tool launch. The Mac app uses the on-device EmbeddingGemma 2 model with 740 million parameters to capture meeting notes and works completely offline, optimized for Apple Silicon. The tool mirrors Granola's split-screen interface, enabling users to write shorthand notes while AI generates formatted versions, and includes manual transcription, meeting transcripts, and