Gate Crypto Flash News and Market Updates

The Iranian Revolutionary Guard Navy announced today (October 9) that future operations against unauthorized vessels will extend beyond the Strait of Hormuz, with any ships traversing unauthorized routes facing severe punishment. The Navy said it struck a large liquefied petroleum gas tanker within the past hours as it attempted to pass through the waterway via an illegal route.

According to Oxford Economics economist Tony Stillo, Canada's weak September labor market data has lowered the probability of a rate hike by the Bank of Canada in late October, though the option remains possible. Stillo still expects the central bank to raise rates by 25 basis points each in October and December, driven by sustained inflation risks from rising oil prices. However, the economist noted this does not signal the start of a new monetary tightening cycle.

According to an official announcement, Qingling Automobile (01122) and Qingling Group signed a share purchase agreement on October 9, 2026, under which Qingling Automobile will acquire all approximately 30.43% equity stake in Isuzu Engine held by Qingling Group for approximately 659.9 million yuan. After the acquisition is completed, Qingling Automobile will hold 50% of Isuzu Engine shares and implement joint control with Isuzu, enhancing management capabilities and enabling coordination in tech

According to the U.S. National Hurricane Center (NHC), Hurricane Simon is expected to rapidly intensify this weekend and approach Mexico's coast as a dangerous major hurricane. Disaster preparedness efforts need to be completed today.

According to a Spanish media poll released on October 9, the conservative People's Party (PP) and Vox are projected to gain a combined majority of seats in the parliament if elections proceed as planned at the end of November.

According to Bloomberg, Meta has banned ByteDance from advertising on its platforms effective October 8, citing the company's competition with Meta's services. The ban covers the United States, Canada, Egypt, Indonesia, Japan, Thailand, and Vietnam, and extends to third-party advertisers directing users to TikTok or other ByteDance products in these regions. Meta spokesperson Chris Sgro stated: "We have no obligation to promote a competitor aiming to draw users away from our apps."

According to Xingsmart (02590), on October 9, the Hong Kong-listed automation company announced that its wholly-owned subsidiary Beijing Xingsmart will invest 50 million yuan to acquire a 20% stake in Beijing DeepSight, a firm specializing in embodied AI technology and robotics. DeepSight focuses on developing embodied models and their industrial applications in manufacturing, with a leadership team combining robotics industry veterans, Tsinghua academics, and Huawei talent. According to GGII re

According to analyst Chris Ratti cited by Bloomberg, sustainable bonds—including green, social, and sustainability-focused instruments—issued $1.85 trillion during the first nine months of 2026, marking a 5% increase compared to the same period in 2025. If the trend continues, full-year issuance in 2026 is on track to exceed $2.5 trillion, a historic high for the sector.

According to CCTV Finance, China's recycled aluminum products exports surged 160.6% year-over-year in June, marking a near-decade high. From January to August 2026, recycled aluminum alloy ingot exports totaled 342,000 tons, up 85% compared to the same period last year. Recycled aluminum production generates approximately 0.5 tons of CO2 equivalent per ton, compared to 16 tons for virgin aluminum production—a 95% reduction in carbon emissions. The lower environmental footprint is driving demand

According to PANews, on October 9, Ostium announced its second-phase repayment plan for OLP holders who lost more than 1,000 USDC and did not opt for the quick-distribution method. The plan offers two options: Class A holders receive USDC installment payments funded by recovered assets, future recoveries, and protocol revenue (prioritizing 50% of opening fees); Class B holders can convert losses into equity stakes in Ostium Labs, valued at the company's next funding round valuation. The second-p

Hungarian Prime Minister Peter Magyar announced this month that Hungary must significantly reduce its budget deficit to make debt financing sustainable and enable the country to adopt the euro. The government plans to unveil its 2027 budget and medium-term fiscal outlook this month, with investors awaiting details on revenue increases and spending cuts. Policy measures include terminating overpriced state contracts and introducing a new wealth tax on assets exceeding 1 billion forint.

Loopring permanently closed its decentralized exchange on June 28, 2026, marking the end of the protocol's primary use case. According to The Block, the Loopring team stated the protocol never achieved meaningful adoption among traders due to its fixed-function design lacking smart contract composability. As of October 2026, LRC trades near $0.01, representing a 99.7% decline from its November 2021 all-time high of $3.75. The token's market capitalization stands at approximately $10.9 million wi

According to 1inch, the protocol will co-host the Groundwork event in Washington DC on October 16 to address the future of crypto regulations. The gathering, organized alongside the Blockchain Association, will bring together key industry players including Robinhood Crypto and Uniswap to discuss the regulatory framework for cryptocurrencies and decentralized exchanges.

According to Bitget market data, U.S. crypto-linked stocks showed mixed performance over the past 24 hours. Circle (CRCL) led gainers with a 3.09% increase, while CleanSpark (CLSK) was the largest decliner, dropping 5.48%. Other notable movers included MicroStrategy (MSTR) up 2.08% and Coinbase (COIN) down 0.96%.

According to The New York Post, on Wednesday, the U.S. House Committee on Strategic Competition with China released a 23-page report stating that Webull, a brokerage offering crypto trading services, has ownership structures, technical teams, infrastructure, and data transmission links to China, potentially exposing American investors to risks. Webull's stock fell 19% to $5.89 on the day of the report's release. Webull responded that the report contains major inaccuracies and unsupported conclus

According to Foresight News, Telegram's built-in Gram wallet has been renamed to Money and is now available to all 1 billion-plus Telegram users. Money allows users to store and send Gram, as well as purchase gifts and collectible usernames. Transfers are instant with no network fees, and users can deposit funds from Walt.

According to Bit.com data, U.S. crypto-related stocks rose on October 9, with CRCL leading at +7.69%. COIN gained 5.45%, MSTR rose 3.89%, and HOOD advanced 2.41%.

According to PSP Investments today, October 9, David Ouellet, Chief Technology Officer of Canada's Public Sector Pension Investment Board, is departing the C$321 billion asset manager. Alexandre Roy, the Chief Risk Officer, will assume temporary duties as Chief Technology, Data, and Operations Officer, the organization confirmed.

According to Senator Richard Blumenthal, Cantor Fitzgerald received a Senate inquiry this week regarding its financial relationship with Tether. The ranking Democrat on the Senate Permanent Subcommittee on Investigations requested disclosure of the investment bank's annual revenue from Tether, amounts earned by the Lutnick family from the relationship, custody arrangements and sanctions compliance controls. Responses are due by October 23. The Senate letter cites estimates that Cantor's reported

According to Nick Ducoff, Head of Institutional Growth at the Solana Foundation, a token supercycle will unfold over the next decade as money, assets, and ownership increasingly shift to the internet. Ducoff's statement, shared via the Solana Foundation's official channels, emphasizes blockchain technology's potential to redefine ownership structures across finance and beyond.