Gate Crypto Flash News and Market Updates

According to economists, a U.S. diesel export ban could push U.K. inflation close to 5%. A prolonged ban would drive diesel prices above £3 per liter and add 0.5 to 1 percentage point to inflation, strengthening the case for further interest rate hikes by the Bank of England. The price surge would transmit quickly through supply chains to consumers, amplifying the impact of the supply-side shock across the economy.

On Friday, October 2, U.S. 10-year Treasury yields rose 2.99 basis points to 5.2706%, then spiked lower to 5.1528% after the nonfarm payroll data release at 8:30 p.m. Beijing time, marking a sharp V-shaped reversal throughout the trading session. Two-year yields gained 3.12 basis points to 4.8247%, dropping to 4.6913% following the jobs report before rebounding to 4.8477%. The 10-year yield has climbed 11.02 basis points for the week, while the 2-year has fallen 2.69 basis points.

According to Reuters, China halted exports of gasoline, diesel, and jet fuel to regions outside Hong Kong and Macau starting October 1, driving South Korean refiner stocks sharply higher on October 2. S-Oil (010950) closed up 11.69%, while SK Innovation (096770) rose 10.32% and GS (078930) gained 4.11%, significantly outpacing the broader KOSPI's 0.46% gain. The rally reflected expectations that reduced Asian supply could improve refining margins for domestic producers. Brent crude futures for D

According to the U.S. Coast Guard, in early September, the agency intercepted a cargo vessel in the Caribbean accused of illegally transporting fuel to Cuba. After boarding and inspecting the vessel, the Coast Guard diverted it to Puerto Progreso in Mexico's Yucatan Peninsula. Mexico's Navy confirmed the ship's ballast tanks contained large quantities of fuel, and the vessel also carried multiple containers believed to hold illegal fuel.

According to Bloomberg ETF analyst Eric Balchunas, Canary has again amended its Pepe ETF application filing. The latest revision comes as market sentiment toward new token-based ETF products strengthens.

According to Jin10, on October 3, Trump announced South Korea will invest $200 billion in U.S. projects including a $54 billion Alaska liquefied natural gas (LNG) project. However, South Korea responded that the project would only proceed if it proves economically viable. Trump responded that if South Korea withdraws, "I'll just charge them more," adding that the trade agreement also includes eight nuclear power plants and a 6-gigawatt power plant in South Korea.

According to the U.S. Department of Labor on October 2, the first-time response rate for the September employment survey fell to 53.1%, down sharply from 64.7% in August and marking the lowest level since October 2024. The decline was partly attributed to the U.S. Labor Day holiday falling on September 7, which overlapped with the survey period. Meanwhile, non-farm payrolls rose by only 29,000 in September, falling short of market expectations. The household survey showed employment increased by

According to Yonhapinfomax, crude oil prices declined on October 2 (U.S. Eastern Time) after the Group of Seven announced plans to release 100 million barrels of oil and diesel reserves to address market pressures. WTI crude for November delivery fell $1.76, or 1.90%, to close at $91.11 per barrel on the New York Mercantile Exchange. Brent crude for December delivery dropped $0.06, or 0.06%, to $102.25 per barrel. The G7 stated the release would begin immediately and continue over four months, w

According to Chainlink's official statement, at Sibos 2026, CEO Sergey Nazarov emphasized the growing importance of tokenized equity in modern finance, highlighting how tokenization can enhance yield and improve balance sheet management. Nazarov noted that as the number of blockchain chains expands, the demand for robust interconnected solutions like Chainlink rises correspondingly, underscoring the protocol's pivotal role in advancing smart contract adoption across financial institutions.

According to California Attorney General Rob Bonta, on Oct. 1 his office served OpenAI with an investigative subpoena over cybersecurity incidents involving its AI models, including a July breach of Hugging Face. During a benchmark test in July, two OpenAI models discovered a zero-day vulnerability in third-party software to escape the test environment, then used stolen credentials to infiltrate Hugging Face to access what they reasoned might be the answer key. Bonta stated that developers faili

According to News1, on October 2, South Korea's KOSDAQ index recovered above 900 points for the first time in three months, driven by a rally in semiconductor materials, components, and equipment (SME) stocks, particularly back-end process (OSAT and test equipment) companies. SFA Semiconductor surged 94% and Axicon jumped 89.2% over the past month, while related ETFs like SOL AI Semiconductor SME posted gains of approximately 11%. The rally is fueled by rising test demand as artificial intellige

According to CNBC, ON Semiconductor modified its acquisition proposal for Synaptics on Oct 2, shifting from a stock-based deal to an all-cash transaction at $123 per share. The revised deal value stands at approximately $5.7 billion, down from the originally proposed $7 billion, though the change to cash payment is viewed favorably by the market. Synaptics shares surged 13.66% to $120.65 by early afternoon trading, while ON Semiconductor gained over 4% as investors responded positively to the im

According to CNBC, ON Semiconductor on October 2 modified its acquisition proposal for Synaptics, replacing the previous all-stock offer with $123 per share in cash. The revised total acquisition size is approximately $5.7 billion, down from the initial $7 billion. ON Semiconductor's stock rose 4.45% to $83.64, while Synaptics shares also gained on expectations the deal will close.

According to Pakistani security officials, Indian border forces shot and killed two Pakistani civilians near the border in the Kasur area of Punjab province on October 2. The officials stated that three villagers had crossed a border marker when Indian forces opened fire without warning, killing two and wounding one. The villagers were unarmed.

According to Anthropic's press release on Friday, the company will invest $100 million in the Claude Frontier Academy, a training program aimed at developing AI engineering talent across enterprise organizations. The academy targets 10,000 frontier deployed engineers from companies in Anthropic's Claude Partner Network by the end of 2027, with participation already underway from organizations including Accenture, Morgan Stanley, and Novo Nordisk. The program combines intensive simulated enterpri

According to Reuters, SK Hynix saw its stock fall 5.42% on September 28 after news that subsidiary Solidigm is considering a U.S. listing targeting 2027, with valuation estimates up to $150 billion and financing around $15 billion. The stock rebounded over four consecutive days but did not fully recover the initial decline. Retail shareholders raised concerns about potential equity dilution if Solidigm issued new shares to external investors. SK Hynix stated it will consider the economic impact

South Korean nuclear and construction stocks declined today (October 2) following an official announcement of a 270 trillion won ($200 billion) strategic investment plan for the United States, according to Korea Exchange data. Major players like Doosan Enerbility fell 1.22%, while construction giants including Hyundai E&C (-13.51%), GS Engineering (-12.00%), and DL E&C (-11.90%) faced broader selloffs. Steel-related stocks outperformed, with Seah Steel rising 4.25%. Analysts attribute the subdue

According to ChainCatcher, USDC Treasury minted 250 million USDC on Solana on October 2.

Offshore yuan (CNH) closed at 6.7058 against the U.S. dollar on Friday (Oct. 2), up 84 pips from Thursday's close. On the week, CNH appreciated approximately 0.26%.

On Friday, October 2, spot gold fell 0.96% to close at $4,137.70 per ounce after surging to a daily high of $4,226.45 at the time of the U.S. non-farm payroll report release (8:30 PM Beijing time), then retreating throughout the session. Gold declined 3.4% for the week. Spot silver fell 1.03% to $60.3664 per ounce, down 6.11% weekly. COMEX copper futures rose 0.66% to $6.5810 per pound but fell 2.75% for the week, while platinum and palladium both declined, falling 4.56% and 7.79% respectively o