Gate Crypto Flash News and Market Updates

According to Protos, Justin Sun admitted on X yesterday that his exchange Poloniex generates nearly $1 billion in trading volume through self-trading by himself. Sun stated that Poloniex is now "the world's only exchange used solely by the boss himself." Creating such volume typically requires wash trading—trading with oneself to inflate figures—which is considered illegal in most countries as it can manipulate asset prices. The SEC previously alleged Sun engaged in wash trading of TRX in a sinc

According to the Seoul Southern District Court on October 6, the court granted an injunction to suspend the delisting decision of Kospi-listed Jooyeon Tech against the Korea Exchange. The decision marks an extraordinary reversal: in the past five years, courts have rejected 84 of 86 delisting-related injunction applications, a 97.7% rejection rate. The court emphasized that companies must be guaranteed meaningful participation rights in delisting procedures, including the ability to challenge de

According to the U.S. Treasury Department, on October 6, the 3-year U.S. Treasury auction yielded 4.932%, marking the highest level in 20 years and approaching the 5% threshold. The $58 billion issuance saw yields rise 45.8 basis points from the previous month's 4.474%, marking the third consecutive monthly increase. The bid-to-cover ratio was 2.62x, slightly below the prior month's 2.72x and the six-month average of 2.65x. The awarded yield came in 0.2 basis points lower than pre-auction when-i

According to the Bloomberg EV price return index, the gauge rose 1.68% to 3,207.35 points during Tuesday's New York close on October 6, and continued climbing in early Asia-Pacific trading. Leading gainers among components included Ecopro BM Co. Ltd. up 11.4%, Posco Future M up 9.4%, L&F up 8.9%, Samsung SDI up 8.7%, Chery Automobile H-shares up 7.95%, and LG Energy Solution up 5.12%.

According to Jin10, crude oil futures rose on October 7. WTI November futures gained 1 cent to settle at $89.44 per barrel, up 0.01%; Brent December futures rose 26 cents to $100.58 per barrel, up 0.26%.

December gold futures on CME COMEX rose $47.90 to $4,204.70 per troy ounce on October 6 afternoon (US Eastern Time), gaining 1.15%. The advance was driven by dollar weakness, as the dollar index declined 0.26% following comments from French political leader Marine Le Pen. Since gold trades in dollars, a weaker dollar typically makes bullish positions more attractive to investors holding other major currencies. Safety-demand for gold persists amid concerns over French bond market volatility and U

According to Brazil's Association of Grain Exporters (ANEC), the country is projected to export 6.18 million tons of soybeans in October, down from 6.4 million tons in the same month last year. Soybean meal exports are forecasted at 2.09 million tons, up from 1.73 million tons year-over-year. Corn exports are expected to reach 5.34 million tons, compared to 5.69 million tons a year ago.

Evernorth's combined entity is scheduled to begin Nasdaq trading under ticker XRPN on October 8, following shareholder approval of its business combination with Armada Acquisition Corp. II on September 30 and expected closing on October 7. The company expects to hold 473 million XRP and receive approximately $300 million in gross cash proceeds at closing. Two XRP Ledger upgrades are expected to activate around October 8-9, provided validator support meets the required threshold. PermissionDelega

On Oct 6, euro rebounded to 1.1261, breaking away from its lowest level since May 2025 at 1.1161. Sterling rose 0.41% to 1.3277. Among commodity currencies, the Australian dollar gained 0.22% and New Zealand dollar jumped 0.48%, while the U.S. dollar fell 0.36% against the Canadian dollar. Emerging market currencies broadly strengthened: the Polish zloty surged 0.60%, Hungarian forint rose against the dollar by 0.90%, South African rand climbed 0.64%, Mexican peso increased 0.62%, and Brazilian

The UK government announced Tuesday that it has appointed Barclays, HSBC, Lloyds, Morgan Stanley, NatWest and RBC Capital Markets as joint lead managers for its Digital Gilt Instrument (DIGIT), with the pilot expected in the first quarter of 2027. Economic Secretary to the Treasury Lucy Rigby made the announcement during UK Digital Assets Week. The banks will provide underwriting, investor engagement and distribution services for the pilot issuance, which will test distributed ledger technology

According to Russia's Transport Ministry, all 23 crew members aboard the Aframax Rio, a Liberian-flagged tanker, were rescued today after the vessel caught fire off Russia's Black Sea coast. No casualties were reported.

According to Ledger Donjon researcher Baptistin Boilot, a laser fault injection attack disclosed in July 2026 achieved a complete bypass of Tangem card security by circumventing the SetPin password-reset check. The vulnerability allows an attacker to reset the access code without the original code or backup card. Boilot demonstrated a 100 percent success rate using specialized laboratory equipment costing approximately $250,000 and requiring roughly two hours per attempt. Tangem responded that t

On October 5, 2026, CRX Trade, a Swiss institutional prime brokerage powered by CoinRoutes technology, launched a platform enabling hedge funds and trading firms to maintain one account spanning leading crypto exchanges and traditional US markets. The platform connects clients to ten venues including Binance, Bybit, Gate, Hyperliquid, Deribit, CME Group and Nasdaq, allowing institutions to post bitcoin, stablecoins or tokenised gold as a unified collateral pool for trading across asset classes.

On Tuesday, October 6, the ICE Dollar Index fell 0.33% to 101.829 points, trading within a range of 102.285-101.754 points throughout the day. Meanwhile, the Bloomberg Dollar Index declined 0.25% to 1220.01 points, with an intraday range of 1224.53-1219.38 points. The index hit its daily high at 15:10 Beijing time before entering a period of low-level consolidation from 20:00 onward.

According to U.S. President Trump, Iran's Oil Minister resigned today. Trump quoted the minister as saying: "We (Iran) have no economy, no oil, we have nothing."

According to The Wall Street Journal, AI cloud infrastructure provider Lambda is raising up to $4 billion in a pre-IPO funding round led by Blackstone and Coatue Management, valuing the Nvidia-backed firm at $14.5 billion before the new capital. The company plans a potential public market debut in 2027, contingent on market conditions. Lambda's order backlog surged from $15 billion in June to $50 billion by September, driven largely by a $35 billion cloud services agreement with AI developer Ant

On Tuesday (Oct 6), U.S. Treasury yields declined across the curve. The 10-year yield fell 3.80 basis points to 5.2666%, recovering from an intraday high of 5.3472% on Oct 5. The 2-year yield dropped 2.51 basis points to 4.7871%, while the 30-year yield fell 2.19 basis points to 5.6402%.

According to Citigroup, U.S. luxury credit card spending declined 6% year-over-year in September 2026, marking the third consecutive month of decline.

The KOSDAQ index recovered above 900 today (October 6), closing at 919.92, up 2.98% from the previous trading day—the first time it has surpassed the 900 mark since July 1. The rally was driven by gains in semiconductor supply chain stocks, secondary battery stocks, and biotech shares. Ecopro and EcoproBM jumped 7.3% and 11.2% respectively, supported by Tesla's stronger-than-expected Q3 vehicle sales and a materials development partnership agreement between Samsung SDI and EcoproBM on solid-stat

According to Bloomberg commodity data, on October 6, Chicago Board of Trade (CBOT) corn futures surged 2.26% to $5.0850 per bushel, while soybean meal futures jumped 2.39%. The Bloomberg Grain Sub-Index climbed 1.90% to 33.6875, extending gains since 14:00 Beijing time. Markets also saw strength in coffee, with ICE Arabica coffee futures and Coffee C futures each rising 3.64%, while Robusta coffee gained 2.01%.