Gate Crypto Flash News and Market Updates

According to ChainCatcher, Edward Lee, a former employee at Coinbase and Circle, has joined prediction market platform Polymarket as Head of Product, Exchange. Lee will oversee product development for Polymarket US and international on-chain exchanges.

According to Jin10, domestic gold jewelry prices declined today on October 8, with most brands' pure gold ornaments dropping 2-5 yuan per gram compared to yesterday, trading in the range of 1,244-1,249 yuan per gram.

According to @WuBlockchain, Hyperliquid Labs recently completed the unstaking and OTC distribution of 3.75 million HYPE tokens worth approximately $330 million. Half of the tokens (1.875 million) have been transferred to five institutional buyers, with each receiving 375,000 HYPE tokens. The distribution reflects a strategic focus on institutional participation in decentralized finance.

According to Yonhap Infomax, on October 8, South Korea's Financial Services Commission Chair Yi Eok-won pledged to comprehensively review the financial sector's basic security framework during a National Assembly audit. Yi acknowledged that authorities' response to AI-driven hacking threats had been inadequate, stating that while AI threats are escalating, defensive measures remain insufficient. The commitment follows a spate of cyberattacks: seven financial companies were targeted within one we

According to BlockBeats, TRUMP co-founder Bill Zanker announced at Token2049 on October 8 that the team is developing a TRUMP-themed game, producing a television show, and pursuing the acquisition of a TRUMP-themed theme park. Zanker stated the goal of these projects is to increase TRUMP's value and ensure token holders are satisfied.

According to Xinhua News Agency, on October 7, Turkey's environment minister Murat Kurum, incoming chair of the UN Climate Change Conference (COP31), called for the world to accelerate climate action to preserve the possibility of achieving the 1.5-degree Celsius warming limit.

According to Jin10, Japan's 30-year government bond auction on October 8 achieved a subscription ratio of 3.88, surpassing the 12-month average of 3.56. Higher yields attracted investor demand into the auction. The ratio also exceeded the previous auction's 3.79 level. Following the auction, Japanese government bonds remained broadly stable.

According to Fliggy, hotel room night fulfillment surged nearly 70% year-over-year during China's 2026 Mid-Autumn and National Day holidays. The platform reported consecutive record-breaking daily average fulfillments over four days, with over 100 cities nationwide seeing room night bookings double.

According to Yonhapinfomax and the IMF website, Federal Reserve Chair Kevin Warsh will hold a dialogue with IMF Managing Director Kristalina Georgieva on October 16 at 10:30-11:00 AM Bangkok time (12:30-1:00 PM Seoul time) during the IMF's autumn annual meeting in Bangkok (October 12-18). The dialogue marks the final opportunity for potential hints on Fed policy before the October FOMC blackout period begins on October 17. The meeting follows the release of September U.S. CPI and PPI data on Oct

According to Hong Kong South China Morning Post, U.S. President Donald Trump suggested on October 7 that he deserves the Nobel Peace Prize but expressed skepticism about actually winning it. Speaking to reporters at the White House ahead of the Norwegian Nobel Committee's announcement scheduled for October 9, Trump said the committee has a reputation for not awarding him. Trump noted that a previous Nobel laureate had stated he was the person most deserving of the award in history.

According to Kpler data reported by Jin10 on October 8, Hormuz Strait vessel transits fell to 7 tankers on Tuesday, marking the lowest level since July 23. Oil shipments through the strait dropped 27% from the previous week's peak, declining to an average of 10.1 million barrels per day—equivalent to 74% of pre-war levels, down from the highest transit intensity recorded since the U.S.-Israel conflict with Iran began. However, alternative export routes mitigated the decline. Exports from the Gul

According to CNBC, New Constructs, an independent financial research firm, released a report on Tuesday calling Anthropic's planned Nasdaq IPO the "most absurd IPO of 2026" and valued the AI company at only $150 billion versus its targeted $2 trillion valuation. The research firm noted that Anthropic's 2025 revenue was $4.6 billion while net losses reached $42 billion, according to Reuters citing leaked prospectus documents. New Constructs concluded that "Anthropic does not have a viable busines

According to BitGo's official announcement during TOKEN2049 in Singapore, the company has expanded its strategic partnership with HashKeyCloud across four areas of institutional digital asset infrastructure. The collaboration integrates HashKeyCloud as a validator partner and enables ETH and SOL staking services, along with enhanced trading, custody, and real-world asset tokenization capabilities for eligible institutional clients.

According to analyst Murphy, Bitcoin's drop to around $83,000 on October 8 triggered significant buying support rather than panic selling. Binance's 5% order book depth reached $80 million at that price level, higher than the correction period from September 10-16 and approaching July's consolidation phase. The buy orders in the $83,000-$79,000 range provide substantial support that could limit downside risk. Additionally, the difference between taker buy and sell volumes on Binance increased du

According to NBC News and Axios, on October 7, President Trump stated he currently does not want to reach a deal with Iran, while U.S. military officials are discussing potential large-scale military operations against Iran in coming weeks. The possible actions could include massive strikes on Iranian energy infrastructure, military bases, and nuclear facilities. Trump said during a campaign event in San Antonio that while Iran is willing to offer "anything" to stop the conflict, he is not inter

According to Yonhapinfomax, on October 8, 2026, South Korea's Minister of Strategy and Finance Park Hong-geun defended the government's Future Response Fund against opposition criticism in a parliamentary budget hearing, calling claims that it serves as discretionary spending "political attacks" that do not change facts. Park cited Norway's sovereign wealth management model as justification, noting that Norway continues issuing government bonds even without budget deficits to stabilize bond mark

On opening today, the Indian rupee strengthened to 96.6825 against the dollar, driven by central bank intervention.

According to Jin10 Data, offshore Chinese yuan HIBOR (CNH HIBOR) rates on October 8 showed widespread increases across major tenors. Overnight HIBOR rose 23 basis points to 1.43485%, while one-week HIBOR climbed to 1.45182%, two-week HIBOR to 1.47909%, and one-year HIBOR to 1.75091%. The Hong Kong Monetary Authority's 3 billion yuan daily repurchase agreement liquidity facility was fully drawn.

According to the National Hurricane Center, Hurricane Isaias is currently positioned approximately 460 miles (745 kilometers) south-southwest of the Mississippi River Delta with maximum sustained winds of 75 miles per hour (120 kilometers per hour).

According to Coinbase's official blog, Coinbase announced that USDC will become the default U.S. dollar stablecoin in Samsung Wallet starting late October 2026 in the United States. Users will see USDC automatically displayed as the default option when adding stablecoin balances. USDC circulation reached over $75 billion in 2025, growing 72%, with holder wallet count increasing 59% to approximately 7 million.