Gate Crypto Flash News and Market Updates

U.S. President Trump said on October 2 he will not implement a diesel export ban. Trump noted that Europe has made significant contributions in releasing reserves, as has the United States.

SpaceX shares rose 7.4% today, marking the largest single-day gain since August 12. The stock rally reflects continued investor interest in the space exploration company led by Elon Musk.

Frax Finance announced the launch of markets that bring Brazilian Real funding rates onchain for the first time, enabling the BRZ to gain its first onchain funding rate. Users can now borrow Brazilian Real using sfrxUSD and Etherfuse TESOURO, according to the official announcement. The initiative is supported by Featherlend and Transfero, marking a significant step in connecting traditional Brazilian finance to decentralized infrastructure.

According to a Korean Economic TV interview on October 3, BitGo co-founder and CEO Mike Belsh announced that the company received regulatory approval to launch digital asset custody and financial services in South Korea. Belsh stated the company aims to build a comprehensive digital asset financial infrastructure in Korea in partnership with Hana Financial Group and SK Telecom. He outlined a roadmap to expand from custody services to include payments, trading, lending, and stablecoin offerings.

On the day of the U.S. nonfarm employment report release, major stock indices showed mixed performance. The S&P 500 fell 0.2%, the Dow Jones Industrial Average declined 1.2%, and the Nasdaq 100 rose 0.6%. The Philadelphia Semiconductor Index surged 3.8%, while the storage chip index jumped 10.8%. Among Nasdaq 100 constituents, Teradyne led gains at 8.1%, followed by SpaceX at 7.6% and Arm Holdings, Rocket Lab, Tesla, and Nebius Group each rising at least 4.3%. Western Digital and Seagate Technol

On the day of the U.S. nonfarm payroll report, major U.S. stock indices showed mixed performance. The S&P 500 closed up 0.7%, with consumer discretionary, materials, and technology sectors each gaining at least 1%. The Nasdaq-100 rose 1%, led by gains in Teradyne (up 8.1%) and SpaceX (up 7.6%), while Arm Holdings, Rocket Lab, Tesla, Nebius Group, and Texas Instruments each rose at least 4.3%. Storage and semiconductor sectors also surged, with the Philadelphia Semiconductor Index up 3.8% and the

U.S. President Donald Trump said on October 2 that the Iran situation is not looking optimistic.

Nasdaq Golden Dragon China Index fell 2.1% in today's trading, with weekly losses totaling approximately 2.9%. Among major Chinese tech stocks, Ideal Auto declined 3.9%, Xiaomi dropped 3.3%, BYD fell 2.9%, while Sunny Optical fell 6.1% and Fangduoduo surged 12.6%. ETF KWEB retreated 1.8% and CQQQ lost 1.4%.

According to Bitcoin.com News, Stand With Crypto, a U.S. advocacy organization, announced support for bipartisan candidates in the midterm elections, including Ohio Republican Senator Jon Husted, Iowa Republican Ashley Hinson, and New Hampshire Democrat Chris Pappas. The group also backs over 30 House members and candidates who voted for digital asset framework legislation. Stand With Crypto plans to run advertisements in 6 House races to support pro-crypto candidates.

According to Circle, the stablecoin issuer submitted recommendations to the European Commission's MiCA review on Thursday, arguing the current framework has produced regulated issuers but failed to capture the largest global tokens. Only three of the top 25 stablecoins by market value are MiCA-regulated, Circle noted. The company urged the EU to preserve "multi-issuance" structures and side with the European Central Bank by replacing the current 30%-to-60% bank-deposit reserve mandate with flexi

According to SingularityNET, CEO Dr. Ben Goertzel will speak at BGILabs' Scaling Beneficial General Intelligence event on October 7, part of a16z's Tech Week. The participation showcases the platform's Hyperon AGI framework and proto-AGI applications to industry leaders.

According to KB Securities citing Trendforce data released October 2, DRAM prices are expected to rise 10-15% and NAND prices 15-20% in Q4 2026, continuing a double-digit growth cycle. Server DRAM and enterprise SSD demand will remain strong, with SSD bit demand projected to increase over 80% year-over-year driven by AI inference applications. KB Securities analysts project that 2027 will enter an accelerated growth phase with simultaneous price increases and shipment growth in both HBM and comm

According to Token Terminal, Ethereum's tokenized stock deposits increased by $2.3 million over the past week, while decentralized finance venues on Base led the growth with a $5 million rise in the same period.

Stellar is expanding its on-chain finance capabilities focused on payments, stablecoins, and tokenized assets, ahead of the October 2026 Meridian conference in Lisbon. OpenZeppelin's CTO will provide insights into upcoming security innovations during the event, emphasizing the importance of security standards in the evolving on-chain finance landscape.

According to Axios, the U.S. Army is establishing a new Autonomous Systems Command and appointing a procurement official to prioritize the acquisition and deployment of autonomous systems.

According to the U.S. Commodity Futures Trading Commission (CFTC), during the week ending Sept 29, speculators reduced net short positions in 2-year Treasury futures by 115,041 contracts to 792,024 and in ultra-long Treasury futures by 10,289 contracts to 326,436. Speculators increased net short positions in 10-year Treasury futures by 88,863 contracts to 900,615, in 5-year Treasury futures by 114,848 contracts to 995,701, and in general U.S. Treasury futures by 31,070 contracts to 186,875.

On Friday, October 2, USD/JPY ended New York trading down 0.17% at 157.83 yen, after retreating from the 157.60 level when the U.S. non-farm payroll report was released. The pair posted weekly gains of 0.35% with a trading range of 156.38–158.45 yen. Separately, EUR/JPY fell 0.81% on the week to 177.70 yen, while offshore CNY/JPY declined 0.58% to 4.2497 yuan.

According to the U.S. Commodity Futures Trading Commission (CFTC), crude oil speculators reduced their WTI net long positions by 17,317 contracts for the week ended September 29, bringing the total to 131,150 contracts.

According to the U.S. Commodity Futures Trading Commission (CFTC), natural gas speculators increased net short positions by 53,998 contracts to 81,156 across NYMEX and ICE's four major markets for the week ending September 29.

According to CFTC, during the week ended Sept. 29, speculators reduced their net long positions in NYMEX WTI crude oil by 19,672 contracts, bringing the total to 122,916 contracts—marking a four-week low.