Gate Crypto Flash News and Market Updates

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

According to the U.S. Treasury Department, FinCEN proposed blocking U.S. financial institutions from fund transfers involving A7 Network sub-agents, while OFAC designated the broader A7 Network as a significant transnational criminal organization under "Operation Economic Outcast" on October 2. FinCEN found that A7 sub-agents processed more than $17 billion between January 2025 and June 2026. The network used third-country companies, falsified trade documents and misleading goods descriptions to

According to Chainlink's official announcement, the company built an automated cash dividend system for tokenized equities across four blockchains for Swift's 2026 Business Challenge. The system handles the entire process—from corporate-action messaging to payment and reconciliation—without manual intervention, using the Chainlink Runtime Environment (CRE) while maintaining Swift's ISO 20022 messaging standard. The system reads ownership positions across each blockchain and combines them into a

On October 2, 2026, world-renowned cryptographer Dan Boneh moderated an expert roundtable discussing how blockchains and wallets are preparing for a post-quantum world. The event featured notable experts including ilblackdragon, bendersgreat, drakefjustin, and P3b7, with discussions focused on addressing critical security challenges posed by advancements in quantum computing and the incorporation of post-quantum cryptography into blockchain systems.

According to Bitcoin News, in August, core PCE rose 0.2% month-over-month and 3.0% year-over-year, below the Wall Street Journal's forecast of 3.3%. Bitcoin briefly surged above $85,000 before falling back, while the U.S. 10-year Treasury yield dipped to around 5.20% before rebounding to approximately 5.28%.

According to Token Terminal, Michael Saylor, co-founder and executive chairman of MicroStrategy, recently endorsed asset tokenization and smart contract platforms. Saylor highlighted potential benefits including lower capital costs and expanded market participation for on-chain securities, positioning tokenization as an innovative approach to reshape asset trading and financing in the cryptocurrency ecosystem.

According to the Treasury Department's Office of Foreign Assets Control (OFAC), a $2 million Hamas financing network operated from 2020 through 2026, connecting Gaza-based Hamas military official Saleem Abdallah Saleem al-Zaq with France-based fundraisers Faouzi Barika and Amel Oualid. The network collected over $2 million for Hamas, including $1.5 million after the October 7, 2023 attack on Israel, with hundreds of thousands in cryptocurrency sent to al-Zaq. Two France-based organizations, Asso

According to Christian Trummer, co-CEO of Austria-based crypto exchange Bitpanda, European crypto users are placing more trust in regulated platforms following the implementation of the European Union's Markets in Crypto-Assets framework (MiCA). Trummer told Cointelegraph that most users prefer regulated market participants over self-custody of private keys. He noted, however, that MiCA enforcement remains inconsistent, with some companies continuing to serve European customers without complying

On October 2, Tesla delivered 486,532 vehicles in Q3, exceeding the analyst consensus of 461,974 by 24,558 units (5.3%), though deliveries remained 2.1% below the 497,099 vehicles delivered in Q3 2025. The company produced 464,391 vehicles, meaning 22,141 of the deliveries came from inventory reduction for the second consecutive quarter. Model 3 and Model Y accounted for 478,237 deliveries, with 8,295 from other models. Tesla's energy storage business deployed 13.7 GWh in Q3, missing the consens

According to a European Central Bank survey of 5,087 euro-area companies released in October, 72% of firms planning AI investment expect to use internal funds including cash flow and retained earnings. Bank loans and grants were each cited by 16%, leasing by 15%, private equity or venture capital by 6%, and debt securities by just 1%. The finding contrasts with the global AI boom, where U.S. hyperscalers and infrastructure companies increasingly rely on external financing through bonds, bank loa

According to Yonhapinfomax, on October 2, President Trump threatened South Korea with doubled tariffs if it does not participate in the Alaska liquid natural gas pipeline project. During remarks at the White House, Trump stated that if South Korea does not sign on soon, he would double the tariffs. The Alaska LNG project is valued at approximately $50 billion as part of South Korea's broader $200 billion investment plan in the United States announced in late September.

The Bloomberg Electric Vehicle Price Return Index rose 0.63% on Friday, October 2, closing at 3,144.41 points. The index declined 1.73% for the week.

According to Cointelegraph, Fidelity is considering expanding its Ethereum-based tokenized money market fund (FILQ) to a wider pool of investors in early October 2026. The firm is also exploring the addition of daily or intraday yield features to the product. Currently, FILQ is limited to professional and institutional investors with a minimum investment of $100,000. Fidelity aims to move beyond these restrictions to reach a broader market.

The Independent Community Bankers of America (ICBA) sued the Office of the Comptroller of the Currency (OCC) on October 2, 2026, challenging an OCC rule issued on March 2, 2026, that allows companies engaged in digital asset activities to obtain national trust bank charters without strictly fiduciary business models. ICBA argues the rule exceeds statutory authority under the National Bank Act and allows crypto firms to bypass obligations that apply to traditional banks, including Community Reinv

According to Meta, its AI models helped mathematicians solve six open research problems spanning multiple mathematical fields on October 2, 2026. The company released the work as a set of six research papers from its Fundamental AI Research (FAIR) team and Superintelligence Labs. One key result was an AI-assisted disproof of a conjecture previously posed by researchers García-Martínez and Pérez-Rodríguez. Earlier in May 2026, Meta's AutoformBot system automatically formalized 26 mathematics text

Bitcoin gained 42.9% in the third quarter of 2026, rising from approximately $58,500 at the quarter's start to $83,000–$86,000 by late September. This marks Bitcoin's strongest third quarter performance since 2017 and ended a three-quarter losing streak. US spot Bitcoin ETFs drove significant demand, with net inflows totaling around $6.3 billion for the quarter, including $2.4 billion in the week ending September 25. MicroStrategy also resumed corporate purchases during the period, bringing its

On October 2, the three major U.S. stock indices closed higher amid expectations for slower interest rate increases. The Dow Jones Industrial Average rose 250.40 points, or 0.49%, to 51,176.96; the S&P 500 gained 56.27 points, or 0.73%, to 7,722.72; and the Nasdaq Composite jumped 319.27 points, or 1.19%, to 27,190.86. The rally followed a softer-than-expected September nonfarm payroll report.

According to Crypto Briefing, SEC Commissioner Hester Peirce officially left the agency on October 2, 2026, ending an eight-year tenure that began in January 2018 and spanned two presidential administrations. With Peirce's departure, the SEC is now down to two commissioners: Chairman Paul Atkins and Commissioner Mark Uyeda, both Republican appointees. No successor has been named to fill her seat. Peirce had announced the move on social media on September 25, with her resignation letter dated Sep

According to Hyperliquid perpetual DEX data on October 2, Ethereum's largest cluster of net long positions entered at $2,538, with the biggest wallet holding an 8x leveraged long worth approximately $151 million. The liquidation price for this position sits at $2,460.8, placing it at risk if ETH drops below that level. ETH currently trades between $2,662 and $2,683 on Hyperliquid, keeping the $2,538 cluster in profit. However, 21% of positions in the cluster were opened above the current price a

According to The Crypto Briefing, on August 25, 2026, Stability AI completed a $76 million Series B funding round that lifted total funding under its new leadership to $232 million. In a first for any AI company, all three major record labels—Universal Music Group, Warner Music Group, and Sony Music Group—took direct equity stakes in the round, joined by Electronic Arts. The investment follows strategic partnerships Stability AI formed with UMG and Warner Music Group in late 2025, cementing the