Gate Crypto Flash News and Market Updates

According to Yonhap News, President Donald Trump on October 6 credited his tariff policy with bringing major foreign investment to the United States, citing South Korea's $150 billion commitment to American shipbuilding during a speech at Sparrows Point shipyard in Maryland. Trump stated that South Korean steelmaker Hanwha is investing billions to revitalize a historic Philadelphia shipyard. "They wanted to lower their tariffs. I said they have to pay for that," Trump said, linking the investmen

According to the American Petroleum Institute (API), U.S. refinery crude oil inventories increased by 461,000 barrels for the week ending October 2, significantly outperforming market expectations of a 2.341 million barrel decline. The prior week recorded a 286,000 barrel decline.

On Tuesday (Oct 6) at the New York close, spot gold declined 0.58% to $4,163.20 per ounce. Spot silver rose 0.44% to $61.3410 per ounce. COMEX copper futures gained 0.24% to $6.6570 per pound.

According to Houthi military sources and observations by China Media Group correspondents, Saudi Arabia conducted airstrikes on multiple Yemeni provinces overnight on October 6. The targeted areas included Sanaa, Amran, Jawf, and Saada. Explosions and fighter jets were reported in the capital.

According to DefiLlama, RWA perpetual contracts' open interest surged to an all-time high of $5.68 billion today, up from nearly zero a year ago. The surge reflects growing trader engagement with tokenized real-world assets in the blockchain ecosystem.

According to API data, U.S. crude oil inventories decreased by 2.1 million barrels last week, compared to an increase of 1.019 million barrels in the prior week. Gasoline inventories fell 1.4 million barrels, while distillate fuel oil inventories rose 461,000 barrels.

According to U.S. Treasury Secretary Bessent, Iran has not loaded a single barrel of crude oil onto any vessels since August 25.

The Blockchain Association recently issued a statement regarding the ICBA lawsuit against the OCC, with EVP of Legal and Government Relations Ashok Pinto addressing the legal challenge. The statement emphasizes the need for regulatory clarity in cryptocurrency policy and highlights ongoing tensions in the industry's regulatory landscape.

According to CNBC, on October 6, the S&P 500 rose 0.60% to close at 7,820.85, reaching an intraday record of 7,844.90. The Nasdaq Composite gained 0.45% to 27,599.79, with an intraday peak of 27,722.75. The Dow Jones Industrial Average advanced 0.49% to 51,521.22. Semiconductor stocks led the rally, with Marvell Technology up 6% and AMD gaining 6%. Broadcom rose 4%. The market's strength was driven by optimism about artificial intelligence growth prospects. U.S. 10-year Treasury yield fell 4 bas

On October 6, major U.S. stock indices closed higher, with the S&P 500 and Nasdaq Composite reaching record highs. The S&P 500 rose 44.98 points (0.58%) to 7,818.93, while the Nasdaq Composite gained 122.48 points (0.45%) to 27,599.79. The Dow Jones Industrial Average increased 253.38 points (0.49%) to 51,521.28. The rally was supported by declining U.S. Treasury yields and strength in technology and AI-related stocks.

According to financial supervisory data presented by Congressman Choi Eun-seok on October 6, realized losses from retail investors trading leveraged and inverse single-stock ETPs reached 2.324 trillion won between May 27 and August 14. The figure represents confirmed losses only; unrealized losses from holdings not yet sold are excluded. The steep losses stem from the structure of leveraged products, which are designed to track double daily returns of specific stocks. High volatility amplifies l

According to the U.S. Commerce Department announced on October 6, the August trade deficit reached $105.6 billion, up 13.7% month-over-month and the largest since March last year. The figure exceeded economist expectations of $120 billion. Exports increased 1.4% to $315.2 billion, driven by industrial materials including crude oil and non-monetary gold. Imports climbed 4.2% to a record $420.8 billion, with semiconductor and capital equipment demand surging as U.S. companies expanded artificial i

Musubi announced on Tuesday a lightweight decision model designed for real-time content moderation, called PolicyLM-1.7B, released with open weights. The model applies content policies written in plain English to messages in under 50 milliseconds, offering similar cost and speed to traditional AI classifier systems used by social platforms, while allowing policies to be updated without retraining the model.

According to Bitcoin News via ChainCatcher, the SEC has approved Cboe BZX to list the 3x Bitcoin ETF from Volatility Shares. The fund tracks three times the daily performance of bitcoin futures benchmarks; when bitcoin futures rise 1%, the fund targets a 3% gain before fees, and a 3% loss on a 1% decline. The ETF holds bitcoin futures contracts rather than spot bitcoin. Trading remains pending the effective date of the fund's registration statement.

According to Odaily Star Daily, as of October 6 at 2:55 p.m. Eastern Time, two Hyperliquid wallets associated with Abraxas Capital Management held approximately $1.58 billion in net short exposure, with bitcoin and ethereum positions accounting for about $948 million. The two wallets held roughly 189,400 ETH and 5,120 BTC, with paper losses of approximately $115 million. Arkham Intelligence and Nansen identified the wallets as belonging to Abraxas Capital Management, a London-based investment fi

According to the U.S. Treasury Department, on October 6, the agency purchased only $1.327 billion out of its $4 billion maximum allocation in a short-term Treasury debt liquidity support buyback auction. The auction received $14.763 billion in sell orders, resulting in a bid-to-cover ratio of 11.12 times. The Treasury does not purchase the full maximum amount when incoming bids do not meet acceptable pricing standards.

On October 6, U.S. President Donald Trump stated that Iran's unmanned drone manufacturing capability will cease to exist in the near future.

According to the Wall Street Journal, on October 7, France's government prepared to invoke Article 49.3 of its constitution to bypass parliamentary approval for a €43 billion spending cut plan. Finance Minister Lestchel stated that if next year's budget negotiations reach a stalemate, the government would use the constitutional provision to pass the budget without a parliamentary vote. The minister outlined two key targets: controlling fiscal deficit within 5% of GDP and avoiding measures that w

According to FinanceFeeds, on October 5, Conduit Technology filed a lawsuit against Tether in the U.S. District Court for the Southern District of New York over approximately $2.76 million in USDT frozen in its corporate treasury wallet for more than a year. Conduit alleges Tether froze the funds without a court order or a request from Brazilian law enforcement investigating related entities. Conduit is seeking an order to restore access to the USDT, compensatory damages of at least $2.76 millio

According to @tokenterminal, tokenized stocks on Base generated $2.3 billion in decentralized exchange (DEX) trading volume over the past 90 days. NVDAc led with $439.2 million in volume, followed by METAc with $320.3 million and GOOGLc with $279.1 million.