Gate Crypto Flash News and Market Updates

According to EU tech chief Henna Virkkunen in a Friday interview with Reuters, the European Union's AI Act is well equipped to address rogue AI risks. Virkkunen dismissed critics claiming the bloc's regulations are outdated, noting that the AI Act was adopted two years ago and covers the entire lifecycle of AI models, with regulators providing guidance to companies on model safety evaluation based on recommendations from 60 AI experts. The European Commission requested information in late August

According to trader Killa on October 10, buyers are absorbing selling pressure in the recent pullback, with strong buy orders clustering around $80,000 on order book data. Support below current levels remains thin, Killa noted, adding that $80K itself represents a critical psychological level for Bitcoin. If Bitcoin's weekly candle closes above the prior week's low of $82,600, Killa said it could signal a bullish reversal typical of a stop-loss hunt followed by a zone recovery.

According to ITAR-TASS, Russia's Defense Ministry claimed on October 10 its forces control two settlements in Ukraine's Kharkiv region.

According to Jin10, the Chinese Embassy in South Africa issued a safety alert on October 9 following anti-immigrant protests and violence against foreigners in certain regions. The embassy urged Chinese citizens and institutions in South Africa to closely monitor developments, avoid areas experiencing unrest, stay away from demonstrations, and promptly seek assistance from local police or Chinese diplomatic missions if facing emergencies.

According to Zhuochuang Consulting and Jin10 Futures, propylene prices surged to 10,295 yuan/ton (approximately $1,425/ton) on October 10, marking a new yearly high after breaking the 10,000-yuan threshold. The gains were driven by Middle East geopolitical tensions during the National Day holiday, which pushed upstream raw materials such as methanol and propane, as well as international crude oil prices, higher. Multiple propylene production facilities reported maintenance and reduced output, ti

According to Jin10 Data, on October 9, China's Vice Finance Minister Liao Ming met with Goldman Sachs President and Chief Operating Officer Wenzel Wang in Beijing. The two exchanged views on China-U.S. economic and trade relations and the macro-economic situation between the two countries.

According to blockchain security firm Salus, the Triple-A hacker deposited 4,970 ETH (approximately $12.4 million) to Tornado Cash on October 9. The attacker, who stole assets from payment service provider Triple-A in July, executed the deposit through 56 transactions comprising 49 transfers of 100 ETH each and 7 transfers of 10 ETH. The funds were consolidated into a single wallet before being split into Tornado Cash addresses.

According to Coinglass, the crypto market saw $158 million in liquidations over the past 24 hours, with long positions accounting for $73.92 million and short positions $84.57 million.

According to Kyodo News, Japan plans to hold a summit with Vietnam in November in Tokyo to discuss energy and security issues.

According to Guru Club, on June 4, Indonesia's benchmark Jakarta Composite Index (JSX Composite) fell 4.2% to 5,688.574 points, marking its lowest level since December 2020.

Documents show the EU Council presidency on October 10 proposed slashing the European Union's 2028-2034 budget by 8% to 1.6 trillion euros. The European Commission had previously proposed 2 trillion euros for the same period.

According to USDD's official statement, on October 9, USDD sponsored and attended Cointelegraph CONNECT Singapore. USDD spokesperson Yvonne Chia participated in a panel discussion with executives from ether.fi, Mercuryo, and FinHarbor, exploring how stablecoins can integrate into everyday consumption through payment cards and digital wallets. USDD is a multi-chain, over-collateralized decentralized stablecoin currently deployed on TRON, Ethereum, and BNB Chain.

At TOKEN2049 Singapore Summit, USDD demonstrated strong momentum with its supply and total value locked (TVL) both reaching new highs of $1.68 billion and $2.39 billion respectively. The decentralized stablecoin's booth attracted significant engagement from attendees. USDD announced plans to unveil additional ecosystem partnerships and strategies during the event.

According to the unveiling at Microsoft's Windows event on October 8, Microsoft and NVIDIA announced major advances in AI PC development, with NVIDIA CEO Jensen Huang highlighting a new super chip combining two large-scale processors capable of 1 PFLOP of computing power. The collaboration extends beyond traditional PC hardware into AI agent architecture, with Microsoft CEO Satya Nadella introducing Microsoft Execution Containers (MXC) as an operating system-level security framework to isolate a

According to Guru Club, the U.S. Department of Agriculture raised its 2026 corn yield estimate to approximately 16 billion bushels on October 9, up 1% from last month, significantly exceeding Bloomberg's analyst survey projection of 15.73 billion bushels. Corn futures fell 6% intraday to 470.25 cents per bushel, marking the largest single-day drop in three years and the lowest level since August 11, before narrowing losses to around 4%. Agricultural equipment stocks declined broadly, with Deere

According to Guru Club, Singapore's benchmark index fell 1.2% on June 4, closing at 5,076.81 points.

According to Dyehome Group's (HK:189) announcement on October 9, subsidiary Dyehome Silicon Materials forecasts Q3 net profit attributable to parent company shareholders of 5.47-5.67 billion yuan, a more than 190-fold increase from 28.567 million yuan in the year-ago period. The disclosure drove Dyehome Group's stock to rise 3.29% to close at 10.99 Hong Kong dollars with trading volume of 240 million Hong Kong dollars, while Dyehome Silicon Materials hit the daily limit up following the earnings

According to Liquid247.xyz, Hyperliquid address 0xecb63c...2b00 currently holds 10,787.53 ETH short positions with a notional value of $26.91 million as of October 10. ETH was trading at $2,494.30 at time of reporting.

According to CoinGecko, Upbit's trading volume in the past 24 hours stood at $949 million, down 26.63% from the previous 24 hours. The top five trading pairs by volume were KAIA/KRW ($156.9 million), XRP/KRW ($64.84 million), DRV/KRW ($59.12 million), BTC/KRW ($46.72 million), and USDT/KRW ($38.71 million).

According to Odaily, blockchain ecosystem project CogniGrid (CG) will officially launch globally on October 12, 2026, with its AI quantification feature module launching simultaneously. The platform earlier announced that partner sales will close on October 10, followed by a data migration and system deployment phase through October 12. CogniGrid's ecosystem is designed to integrate intelligent computing power and AI quantification applications to advance the convergence of smart technology and