Gate Crypto Flash News and Market Updates

According to South Korea's Ministry of Economy and Finance, the government transferred $2.4 billion today (October 1) toward construction of a natural gas power plant in Enschede, Texas—the first project under a $200 billion strategic investment commitment signed with the U.S. last year. The total project cost is estimated at $22.3 billion. An additional $10 billion in funds will be provided once South Korea's second major initiative—an 8-unit nuclear power plant project—advances further.

On October 1, SCAN2026, a global blockchain security competition, distributed a total prize pool of 2 BTC to its top three teams. EDCCS won first place and 1 BTC, team hello placed second and received 0.5 BTC, and Upside Arcademy took third with 0.15 BTC. The competition, held in Seoul, saw participation from 416 teams across 46 countries, with 20 teams advancing to the finals. SCAN focuses on digital asset tracking, on-chain data analysis, and blockchain forensics.

According to ChainCatcher, Bitcoin surged to above $85,500 following weaker-than-expected U.S. August PCE inflation data, but later retreated as U.S. Treasury yields remained elevated. The 10-year yield stood near 5.3%, while the 30-year yield briefly hit its highest level since 2002, capping Bitcoin's upside. LVRG Research chief analyst Dan Khus noted that softer PCE data reduced odds of an October rate hike, shifting market focus to December policy decisions. Other assets saw modest gains: HYP

According to Bloomberg, fintech company Jeeves raised $110 million in an equity financing round led by CoinFund, with participation from Andreessen Horowitz, Coinbase Ventures, and other major investors. The company launched three products including a stablecoin wallet enabling payouts to 190 countries, an AI-powered spending tracker, and an accounts-receivable module. Jeeves expanded its stablecoin card offering from 25 to 35 countries, adding coverage across Latin America including Argentina,

According to Financial News, SK Innovation's financial exposure reached approximately 9.8 trillion won on October 1, combining 5.2 trillion won in market-rate debt and 4.6 trillion won in securitized and equity swap instruments. The company's swap contracts tied to SK On and SKIET represent 3.8 trillion won, or 54% of SK Group's total swap obligations. Key risk involves the structure of equity swaps, where funds flow to subsidiaries but price fluctuation risks remain with SK Innovation. The comp

According to PANews, Binance co-CEO Richard Teng predicted on October 1 that tokenized stocks could reshape how global investors access equity markets. The tokenized stock market has grown 390% in 2026, yet currently represents just 0.0029% of the global listed stock market valued at $151.9 trillion, according to Binance Research. Binance Research forecasts the tokenized stock market could grow from the current $44.3 billion to approximately $349 billion by 2030.

According to Jin10, on October 1, Bank of England Governor Andrew Bailey warned that artificial intelligence could trigger financial market shocks, urging the UK to prepare accordingly. Bailey noted that the central bank is monitoring "very closely" the massive capital flows into AI. He cautioned that "at some point in the future, asset prices could experience a degree of correction," adding that while AI has "enormous potential to enhance economic growth," it carries "significant risks that we

According to the Financial Times, on October 1, EU regulators asked Binance to explain why the platform continues operating after previously being required to stop related business activities. The European regulatory authorities are scrutinizing Binance's operations under the restrictions imposed and have requested the company to clarify its continued service provision.

Nio delivered 37,408 vehicles in September, representing a 7.7% year-over-year increase, according to the company's official data.

According to BlockBeats, on October 1, MetaMask Staking is preemptively exiting its Ethereum validators on Lido following an investigation into an infrastructure intrusion incident. Slow Mist founder Yu Xian noted that such staking node issues generally do not affect ETH principal but may impact staking rewards.

According to Yonhapinfomax, the Korean won weakened against the U.S. dollar on October 1, with the USD-KRW exchange rate rising 8.30 won to 1,361.10 won as of 10:53 a.m. local time, compared to the previous session's close of 1,352.80 won. The won depreciated as dollar buying momentum persisted and foreign investors continued net selling of Korean equities, recording five consecutive trading days of outflows totaling 660 billion won. Yen weakness also pressured the currency, with the USD-JPY rat

According to TechCrunch, Google launched Gemini 4 Argon on September 30, positioning the model as its most powerful to date. The model specializes in coding, research, and software engineering tasks, with particular focus on autonomous cybersecurity vulnerability discovery and enterprise engineering applications. In the DeepSWE v1.1 benchmark measuring long-context software engineering performance, Argon achieved 77.9%, the highest score among comparable models.

According to Bridgewater Associates CEO Nir Bar Dea, artificial intelligence could disrupt up to 18% of the U.S. workforce without proper regulation and social preparation, potentially triggering significant social disorder. Bar Dea stated that while AI presents transformative opportunities, rapid technological change without adequate safeguards poses serious risks. The world's largest hedge fund, which manages approximately $100 billion in assets, raised nearly $2 billion for an AI-driven fund

According to The Block citing Lookonchain data, a wallet linked to Ethereum co-founder Joseph Lubin and Consensys CEO transferred 133,298 ETH hours ago, valued at approximately $356.4 million. Consensys declined to comment on the transfer.

According to Reuters, on September 30, U.S. Trade Representative Jamieson Greer called on G20 members to overhaul the post-World War II tariff system and address non-market economic policies that distort global trade. Speaking at the G20 Trade Ministers' meeting, Greer argued that excessive production from non-market economies floods global markets and pressures producers and workers elsewhere. The Trump administration aims to reshape American manufacturing through tariffs, trade agreements, and

According to Reuters, Tencent signed its largest reported overseas lease deal with Oracle today (October 1) to access approximately 100,000 advanced AI chips unavailable in China. The arrangement leverages a gap in U.S. export controls that restrict physical shipments of advanced semiconductors to China but have not clearly defined limits on remote cloud access. Tencent has developed its Hunyuan foundation model and offers it via Tencent Cloud, with the Oracle partnership supporting both its AI

The U.S. Dollar Index traded at 101.55 today, up 0.07% intraday.

According to Cointelegraph, Robinhood's crypto business head Johann Kerbrat stated at Korea Blockchain Week 2026 that the company purchases and custodies actual shares of corresponding companies for its stock token products. Kerbrat emphasized that stock tokens traded on the platform represent real equity assets rather than price-derivative products.

According to Odaily, Bitget has launched Concrete with the CT/USDT trading pair, now available for deposits and trading on the platform.

According to Gate data, WTI crude oil declined over 1% intraday to $88.55 per barrel on October 1. Spot gold rose 0.32% to touch $4,170 per ounce, while NYMEX gold futures broke through $4,200 per ounce, also up 0.32% for the day.