Gate Crypto Flash News and Market Updates

RTex Bio Inc., a biotech company backed by Eli Lilly, declined 3.6% on its first day of trading following its U.S. IPO, which raised $116.7 million.

According to the U.S. Department of Agriculture (USDA) monthly inventory report released today, CBOT corn futures declined sharply, falling over 3%. The decline follows USDA's upward revision of crop production and supply forecasts under the Trump administration.

Russia released September CPI figures showing month-over-month inflation of 0.35%, exceeding the forecast of 0.30%. Year-over-year CPI rose 6.35%, also surpassing the expected 6.30%. Core CPI increased 0.49% month-over-month and 5.47% year-over-year.

According to the USDA, today (Oct. 9) the agency forecasts U.S. wheat ending stocks at 740 million bushels, higher than the previous estimate of 717 million bushels and above analyst expectations of 715.7 million bushels.

The U.S. Department of Agriculture revised up its corn ending inventory forecast to 1.849 billion bushels, compared to its previous estimate of 1.567 billion bushels. Analysts had expected 1.6939 billion bushels.

The U.S. Department of Agriculture (USDA) raised its forecast for U.S. cotton ending stock to 3.8 million bales, up from its previous estimate of 3.6 million bales. Market analysts had expected 3.46 million bales.

According to Guru Club, on Friday (Oct 9), Trump said the U.S. government will release major news on diesel measures soon, stating the administration will take strong action to address the issue, though he did not disclose specifics. U.S. diesel prices have surged 70% since the U.S. and Israel launched military action against Iran, and prices remain near historical highs ahead of the November 3 mid-term elections.

According to Maple, the protocol completed a buyback of 1,371,166 SYRUP tokens totaling $314,116 in September, representing 20% of the month's protocol revenue of $1.57 million. The tokens were purchased at an average price of $0.229 per token under the MIP-021 rules-based allocation framework.

Saudi Arabia's permanent representative to the United Nations warned on October 9 that Houthi attacks threaten international civil aviation safety. The diplomat stated that Riyadh will not allow the Houthi movement to turn Yemen into a platform for threats to nations.

According to Lumentum CEO Michael Hurlston on Friday (October 9), the company's optical component production capacity has been fully reserved through early 2029 due to surging demand from tech companies building faster AI data centers. Hurlston stated that approximately 70% of customer demand for certain products cannot be met through next year, with some products facing a 30% supply shortage extending to 2028.

According to Odaily, Bitcoin dropped to $80,350 on Thursday, October 8, then rebounded to above $83,000 as U.S. markets opened on Friday, October 9, before consolidating around $82,500. Despite reports of stolen funds from Ledger hardware wallet users circulating in the market, the cryptocurrency market has not experienced significant selling pressure.

According to CoinMarketCap, today (October 9), Starknet (STRK) led the market gainers with a surge of 24.59%, followed by Pyth Network (PYTH) up 16.38% and Cosmos (ATOM) up 16.10%.

According to Lookonchain, an address that purchased 80 BTC for approximately $5.2 million (roughly $65,000 per coin) four months ago has lost all funds. The address bought a Ledger hardware wallet from reseller CryptoBillis one week ago and transferred all 80 BTC to the device. The funds are now reported as fully inaccessible.

The U.S. Department of Agriculture raised its forecast for American soybean ending stock to 315 million bushels on October 9, up from its previous estimate of 310 million bushels, compared to analyst expectations of 308.8 million bushels.

According to Odaily, BTQ Technologies, a Nasdaq-listed company, announced a strategic partnership with MoonPay Korea to provide post-quantum cryptography (PQC) security solutions for its Korean won-backed stablecoin infrastructure. The collaboration will develop a quantum migration roadmap and conduct proof-of-concept trials with Korean financial institutions for BTQ's Quantum-Safe Stablecoin Network (QSSN), covering issuance, distribution, wallet, and settlement layers. MoonPay Korea is buildin

According to Lookonchain, about 10 hours ago, a Ledger user identified as TY24Ya had 7 million USDT stolen after purchasing the hardware wallet from reseller CryptoBillis three weeks earlier. The theft marks the largest single loss in an ongoing incident affecting multiple Ledger users who bought devices from the same reseller, with total reported losses approaching 90 million dollars.

According to Royce Mendes, an economist at Desjardins Group, Canada lost approximately 68,000 jobs in September and 42,000 in August, totaling roughly 110,000 positions lost over two months. The country's unemployment rate rose to 6.5% in September, up 0.1 percentage point. Mendes noted that education and healthcare sectors saw the steepest declines, while manufacturing experienced its first drop since June.

On Friday, October 9, in late European trading, the UK 10-year gilt yield declined 3.8 basis points to 5.442%, marking a weekly gain of 7.6 basis points after falling to 5.347% on October 6 and rising to 5.521% on October 8. The 2-year gilt yield fell 2.4 basis points to 4.890%, with a weekly gain of 7.9 basis points.

On Friday, Oct 9, ICE UK natural gas futures rose 3.17% to 201.870 pence per therm in European late trading, reaching 204.470 pence earlier in the day and climbing 7.69% for the week. TTF benchmark Dutch natural gas futures surged 4.62% to 81.182 euros per megawatt-hour, gaining 6.31% over the week. ICE EU carbon allowances (futures) ticked 0.16% higher to 87.02 euros per ton, up 3.08% for the week.

A Yemeni representative called today for the international community to dismantle smuggling and financing networks supplying the Houthi militants and to support Yemen's government in its military operations against the group.