Gate Crypto Flash News and Market Updates

According to Yicai, the cryptocurrency market experienced a sharp selloff earlier today. Bitcoin plunged over 3% to $83,511, marking its lowest level in a week, while Ethereum dropped nearly 5% and Solana fell close to 3%. Altcoins including HYPE, XRP, and ZEC declined over 4%. Coinglass data showed that over 110,000 traders were liquidated across the crypto market in the past 24 hours. The decline coincided with a sharp drop in gold and silver prices, with spot gold breaking below $4,100 per ou

On Friday, SK Hynix Chairman Choi Tae-won said the chipmaker plans to accelerate construction of a new semiconductor cluster in Gwangju, South Korea, betting on strong demand growth. Choi noted that the company has advanced its Yongin semiconductor park project by 12 years and may pursue multiple projects simultaneously if necessary.

According to The Block, Ark Invest reduced its position in Robinhood by approximately $21.7 million on Thursday (October 8). The fund, managed by Cathie Wood, also sold about $4.7 million in SpaceX shares and trimmed approximately $1.8 million in its spot Bitcoin ETF (ARKB) holdings on the same day.

According to Jin10, EU finance ministers reached agreement on the Market Integration and Supervision Plan (MISP) on Friday, Oct 9, in Luxembourg, after a decade of negotiations. The agreement centralizes financial market regulatory and enforcement powers to the European Securities and Markets Authority (ESMA), headquartered in Paris, to eliminate market barriers among member states and promote private capital financing. ESMA Chairwoman Maria Luisa Albuquerque criticized the compromise, stating i

According to The Block, Thailand's Securities and Exchange Commission issued a regulatory framework for cryptocurrency ETFs on October 9, set to take effect on October 16. Bitcoin and Ethereum are the first approved assets. Funds must maintain an average net exposure of at least 80% of fund assets to a single asset.

According to reports, Nvidia plans to adopt Intel's Foveros advanced packaging technology beginning in 2028. The announcement boosted Intel shares, which rose over 2% in premarket trading.

According to media reports, Palestinian Deputy President Hussein Sheikh informed France that legislative elections originally scheduled for November 28 would be postponed by several months due to deteriorating conditions in the Palestinian territories.

According to Robinhood Crypto, the company is exploring stock tokens linked to actively managed exchange-traded funds (ETFs) in partnership with T. Rowe Price's digital assets division. T. Rowe Price manages $1.9 trillion in assets. The potential collaboration and any resulting products require legal due diligence, board approvals, final terms disclosure, and regulatory clearance across relevant jurisdictions. Robinhood Stock Tokens are not available to U.S. persons or in the U.S.

According to Coinglass data, Binance received net inflows of $208 million in USDT over the past 24 hours.

According to a filing by Yibang Holdings (00599), the company expects a pretax loss of HK$3.5 million to HK$4 million for the quarter ended June 30, 2026, compared with a pretax profit of HK$6.8 million in the same period last year. Revenue is projected to decline 14.6% to approximately HK$79.5 million from HK$93.1 million previously, while gross profit is expected to decrease 25.4% to approximately HK$26.2 million from HK$35.1 million. The company cited reduced orders due to cautious market sen

According to Axios, executives from Anthropic, OpenAI, and other AI companies are privately conducting scenario planning to anticipate potential public and political backlash in the event of a catastrophic AI incident.

According to the China Academy of Information and Communications Technology (CAICT), the National Intelligent Agent Identification and Identity Network has officially launched trial operation and is now open for public access. The network, based at intelligent agent trusted interconnection centers in Beijing and Xiamen, provides AI agents with services including identity registration, identity verification, addressing resolution, and capability discovery. It adopts a blockchain-plus-DID-plus-sup

According to its announcement, Agile Group (03383) saw presales of RMB 4.89 billion in the first nine months of 2026, down 27.34% year-over-year. In September alone, the company recorded presales of approximately RMB 230 million across 34,000 square meters, with an average price of RMB 6,594 per square meter.

According to Lookonchain, on October 9, trader AguilaTrades' Bitcoin short position was partially liquidated. The trader previously closed a long position at a loss of $331,000, then established a 200 BTC short position with 40x leverage valued at approximately $16.35 million. The liquidation involved 40 BTC at approximately $82,706.8, corresponding to a position value of $3.31 million.

According to Lookonchain, trading address AguilaTrades (0x1f25...F925) was liquidated 10 minutes ago after losing $331,000 on a Bitcoin long position. The trader subsequently switched to a short position, which also resulted in liquidation.

According to BlockBeats and the U.S. Attorney's Office for the Northern District of Illinois, Raheim Hamilton, co-founder of dark web marketplace Empire Market, was sentenced to 40 years in federal prison on October 9. Hamilton agreed to forfeit 1,230 BTC (approximately $101 million), 24.4 ETH (about $60,000), and three properties. A federal judge in Chicago also imposed a $5 million fine.

According to Yonhap Infomax, on October 9 (Korea's Hangul Day holiday), the USD-KRW exchange rate traded at 1,342.80 won as of 3:30 p.m. KST, up 4.30 won from the previous Seoul trading close of 1,338.50 won. The pair opened at 1,344.00 won and fluctuated in the 1,340 won range amid thin trading volumes. Intraday high reached 1,348.00 won, with a low of 1,339.00 won. As domestic financial markets were closed for the national holiday, trading remained subdued.

According to CoinDesk, Raheim Hamilton, co-founder of the darknet drug marketplace Empire Market, was sentenced today (October 9) to 40 years in prison and fined $5 million by U.S. federal court. The court ordered the forfeiture of 1,230 BTC (approximately $101 million). Co-founder Thomas Pavey has pleaded guilty and had 1,584 BTC forfeited. Between 2018 and 2020, the platform facilitated over 4 million drug transactions totaling more than $430 million.

Hungary's government expects to raise 200 billion forint from a wealth tax in 2027, according to Prime Minister Viktor Orban.

According to FinanceFeeds, Sumsub has launched a Reusable KYC Gateway with Opera's MiniPay as the first live integrator, allowing users to share verified identity across multiple regulated partners without repeated document uploads. The integration achieved a verification conversion rate of 95%, up from 70%, while reducing completion time by up to 50%. Eight MiniPay partners have already adopted Sumsub's Gateway, leveraging approximately 15 million pre-existing verified identities. MiniPay opera