Gate Crypto Flash News and Market Updates

According to Yonhap News, on October 7, South Korean pharmaceutical stocks related to plague treatment surged following reports of a suspected pathogen leak at a Russian research institute. Kukje Pharma hit the daily limit at 4,430 Korean won, up 29.91%, while Shinpoong Pharma and Chong Kun Dang Bio rose 13.86% and 11.46% respectively. Meanwhile, U.S. Secretary of State Marco Rubio stated that Russia has a responsibility to share more information with the world regarding the incident. The WHO al

On October 7 at 3:30 PM KST, the Korean won-dollar exchange rate declined 3.2 won to 1,340.4 won in the Seoul foreign exchange market, down from the previous trading day's close.

According to Yonhapnews, a researcher at Russia's Siberian plague research institute died in early October after exposure to plague pathogen in late September. The incident prompted international scrutiny, with U.S. Secretary of State Marco Rubio and WHO Director-General Tedros Adhanom Ghebreyesus requesting additional information from Russian authorities. Approximately 200 people who contacted the researcher are under quarantine as investigations continue.

According to Foresight News, World Liberty Financial is set to launch its WLFI app, World Liberty Financial co-founder and COO Zak Folkman announced at the Token2049 Singapore conference.

According to Jin10, JPMorgan Chase Chief Portfolio Manager Sylvia Sheng stated on October 7 that higher policy rates will not hinder U.S. economic growth, as the economy is being strongly driven by artificial intelligence capital expenditure cycles that are largely insensitive to interest rates. The firm maintains a constructive stance on equities based on solid nominal economic growth, low recession risk, and continued AI capital spending and earnings cycles. Sheng noted that financial conditio

According to ChainCatcher, Elon Musk suggested that Tesla could potentially sublease part of its TeraFab facility to Taiwan Semiconductor Manufacturing Company (TSMC) if the company is willing, though he emphasized the option is limited to partial areas only.

According to market sources, Bulgarian rescue workers concluded search and rescue operations on October 6 for a cargo ship that sank in the Black Sea following a drone attack. No crew members were found during the operations.

According to Bloomberg, on October 7, Japan Exchange Group (JPX) announced a historic recomposition of the TOPIX index, removing approximately 680 securities and adding roughly 35 new constituents including McDonald's Holdings Japan and Ferotec. The move, part of JPX's multi-year reform to make TOPIX more investable, will reduce the index's constituent count below 1,000 by July 2028, down from the current 1,634 constituents. New eligibility criteria focus on trading activity and free-float marke

South Korea's KOSDAQ (secondary stock market) closed down 21.49 points, or 2.34%, at 898.43 today (October 7).

Applied Materials and Intel announced a collaboration today (October 7) to accelerate next-generation semiconductor manufacturing innovation, focusing on transistor, interconnect, and advanced packaging technologies. The partnership combines Applied Materials' equipment and process innovation center (EPIC) in Silicon Valley with Intel's research and development capabilities at its Hillsboro, Oregon facility, aiming to shorten the time-to-market for advanced semiconductors supporting AI computing

According to BlockBeats, the Federal Reserve will publish its September meeting minutes on October 7 at 2 a.m. Beijing time, following a 25 basis point rate hike. Markets are scrutinizing not just the policy rationale, but also how officials assess the current restrictiveness of financial conditions and whether further rate increases are warranted. Chicago Federal Reserve data shows U.S. financial conditions remain on the looser side of historical ranges since fall 2022. Michael Kramer, founder

According to i24News, satellite imagery reveals Iran is rapidly rebuilding its nuclear weapons development facility at Minzadehei, located northeast of Tehran. The facility had previously been struck by Israel. The reconstruction activity was confirmed through newly obtained satellite images showing renewed work at the site.

According to ChainCatcher, TOKEN2049 announced its expansion into the United States on October 7 at its Singapore event, unveiling TOKEN2049 New York. The inaugural U.S. flagship will take place on June 16–17, 2027, and is expected to attract approximately 15,000 global participants. Tickets are now available at $599. New York will join Singapore and Dubai as a permanent fixture in TOKEN2049's annual event calendar, covering Asia, the Middle East, and North America.

The Nikkei 225 index fell 648.27 points, declining 0.92% to close at 70,035.71 on Wednesday, October 7.

According to a report from the San Francisco Federal Reserve on October 5, U.S. CFOs forecast 2026 employee wage growth of 4%, down sharply from the 2022 peak of 7%. Real wage growth—accounting for expected headline PCE inflation of 3.6%—is projected at just 0.4%, indicating minimal improvement in worker purchasing power. CFOs also expect full-time employment growth of 2.4% in 2026, lower than the 3.5% projected in 2024 and 2025 but still above the 2002–2025 average of 1.8%, suggesting moderate

Gate News message, two wallets belonging to Frogman(@frogmanhaha) have been compromised in a hacking incident, resulting in losses of approximately $4 million. The stolen assets include: 1.43M $BP (valued at $1.77M), 13.96M $MARSCOIN (valued at $1.55M), 3.7M $CASHCAT (valued at $515K), and additional tokens. The hacker has converted the stolen assets into $ETH , $BNB, and $SOL , and has laundered the funds.

According to BlockBeats, Polymarket CEO Shayne Coplan announced on October 7 at Token2049 that the company is exploring an on-chain asset linked to Polymarket's economy with programmatic utility, describing it as "what the concept of stock should have been." Coplan cautioned that this announcement does not constitute investment advice.

According to Jin10, seven foreign exchange option contracts with strike prices exceeding $1 billion each are set to expire on October 7 at 22:00 Beijing time. The expiring contracts involve the euro, Swiss franc, British pound, and Australian dollar.

According to Korea Exchange, Mirae Asset Asset Management's three U.S. index-based covered call ETFs saw individual investor net purchases surpass 1.098 trillion won today (October 7), with combined net assets of 3.59 trillion won. The TIGER Nasdaq-100 Target Daily Covered Call accounted for 828.6 billion won of inflows, followed by the S&P 500 variant with 149.5 billion won and the Dividend Dow Jones variant with 120 billion won.

Gate News message, a major holder has transferred their entire $TRUMP position to a new wallet address. The whale accumulated 1.148 million $TRUMP tokens from Gate and centralized exchanges one year ago, with a total cost of approximately $11.55 million. The current value stands at $2.16 million, reflecting a loss of $9.39 million, or a decline of 81.3% from the initial investment.