Gate Crypto Flash News and Market Updates

According to ChainCatcher, on October 2 at 11:30 EDT, the Arbitrum Security Council executed an emergency upgrade on Arbitrum One and Nova, halting all new Stylus contract activations on both chains and introducing a new protection mechanism for BoLD single-step proofs in Arbitrum One's dispute system. The upgrade raises the Gas required for Stylus activation to the theoretical maximum by calling ArbOwner.setWasmActivationGas(2^64 - 1), making new activations economically infeasible. Already-act

According to Guru Club, on October 2, major tech companies including OpenAI, Meta, and Anthropic unveiled AI mascots designed to ease public concerns. OpenAI introduced a colorful character wearing a bow tie and glasses, while Meta's Muse features a round, rosy-cheeked egg-shaped character. Anthropic created an orange crab named Clawd. The mascots aim to make AI assistants appear more approachable and trustworthy.

According to CNN, citing two sources familiar with the matter, U.S. President Trump is set to appoint Jay Clayton as AI czar, a new artificial intelligence advisor role, on October 2. Clayton currently serves as Director of National Intelligence. Last month, Trump announced plans to appoint an AI advisor and form an "AI force" across government departments, though he did not disclose specific details or implementation methods.

According to Guru Club, spot gold prices (in Chinese yuan) fell below 900 yuan per gram on October 3, declining 1% during the trading day.

According to Token Terminal, tokenized stock trading volume reached $48.7 billion over the past year, representing a 10,163.7% year-over-year increase. Uniswap dominated the market, capturing $17.1 billion in trading volume across its v4 and v3 platforms.

According to Odaily and Bitcoin.com News, Microsoft's official X account was hacked on Thursday, briefly promoting an unauthorized Meme token called CLIPPY. The account followed related promoters, retweeted their posts, and changed its avatar to Clippy. The unauthorized content was removed within 30 minutes, and Microsoft confirmed the account has been secured. Microsoft stated it never authorized any use of its intellectual property, including Clippy, to promote tokens and plans legal action. T

According to Bloomberg ETF analyst Eric Balchunas, the U.S. Securities and Exchange Commission (SEC) approved today 3x leveraged ETPs tracking Bitcoin, Ethereum, gold, silver, crude oil, and natural gas under the Securities Act of 1933.

According to Austan Goolsbee, President of the Federal Reserve Bank of Chicago, in an interview with Fox Business Network on October 2, the U.S. labor market remains stable but inflation remains a higher policy priority for the Fed. Goolsbee stated that all options remain on the table for the Federal Reserve's next meeting, including a potential rate increase, and the central bank will not rule out any decision until observing further evidence of progress toward the 2% inflation target.

According to SemiAnalysis, Cerebras stock plummeted nearly 20% this week to its lowest price since the company's May 2026 IPO, after research firm SemiAnalysis posted on X on Wednesday that OpenAI will use Nvidia graphics processing units instead of Cerebras hardware to power GPT-6.1 Sol's "Ultrafast" mode. The stock closed Friday at $166.43, down more than half from its debut and reflecting a market cap collapse from $95 billion to just over $39 billion. Sell pressure intensified this week with

According to economists, a U.S. diesel export ban could push U.K. inflation close to 5%. A prolonged ban would drive diesel prices above £3 per liter and add 0.5 to 1 percentage point to inflation, strengthening the case for further interest rate hikes by the Bank of England. The price surge would transmit quickly through supply chains to consumers, amplifying the impact of the supply-side shock across the economy.

On Friday, October 2, U.S. 10-year Treasury yields rose 2.99 basis points to 5.2706%, then spiked lower to 5.1528% after the nonfarm payroll data release at 8:30 p.m. Beijing time, marking a sharp V-shaped reversal throughout the trading session. Two-year yields gained 3.12 basis points to 4.8247%, dropping to 4.6913% following the jobs report before rebounding to 4.8477%. The 10-year yield has climbed 11.02 basis points for the week, while the 2-year has fallen 2.69 basis points.

According to Reuters, China halted exports of gasoline, diesel, and jet fuel to regions outside Hong Kong and Macau starting October 1, driving South Korean refiner stocks sharply higher on October 2. S-Oil (010950) closed up 11.69%, while SK Innovation (096770) rose 10.32% and GS (078930) gained 4.11%, significantly outpacing the broader KOSPI's 0.46% gain. The rally reflected expectations that reduced Asian supply could improve refining margins for domestic producers. Brent crude futures for D

According to the U.S. Coast Guard, in early September, the agency intercepted a cargo vessel in the Caribbean accused of illegally transporting fuel to Cuba. After boarding and inspecting the vessel, the Coast Guard diverted it to Puerto Progreso in Mexico's Yucatan Peninsula. Mexico's Navy confirmed the ship's ballast tanks contained large quantities of fuel, and the vessel also carried multiple containers believed to hold illegal fuel.

According to Bloomberg ETF analyst Eric Balchunas, Canary has again amended its Pepe ETF application filing. The latest revision comes as market sentiment toward new token-based ETF products strengthens.

According to Jin10, on October 3, Trump announced South Korea will invest $200 billion in U.S. projects including a $54 billion Alaska liquefied natural gas (LNG) project. However, South Korea responded that the project would only proceed if it proves economically viable. Trump responded that if South Korea withdraws, "I'll just charge them more," adding that the trade agreement also includes eight nuclear power plants and a 6-gigawatt power plant in South Korea.

According to the U.S. Department of Labor on October 2, the first-time response rate for the September employment survey fell to 53.1%, down sharply from 64.7% in August and marking the lowest level since October 2024. The decline was partly attributed to the U.S. Labor Day holiday falling on September 7, which overlapped with the survey period. Meanwhile, non-farm payrolls rose by only 29,000 in September, falling short of market expectations. The household survey showed employment increased by

According to Yonhapinfomax, crude oil prices declined on October 2 (U.S. Eastern Time) after the Group of Seven announced plans to release 100 million barrels of oil and diesel reserves to address market pressures. WTI crude for November delivery fell $1.76, or 1.90%, to close at $91.11 per barrel on the New York Mercantile Exchange. Brent crude for December delivery dropped $0.06, or 0.06%, to $102.25 per barrel. The G7 stated the release would begin immediately and continue over four months, w

According to Chainlink's official statement, at Sibos 2026, CEO Sergey Nazarov emphasized the growing importance of tokenized equity in modern finance, highlighting how tokenization can enhance yield and improve balance sheet management. Nazarov noted that as the number of blockchain chains expands, the demand for robust interconnected solutions like Chainlink rises correspondingly, underscoring the protocol's pivotal role in advancing smart contract adoption across financial institutions.

According to California Attorney General Rob Bonta, on Oct. 1 his office served OpenAI with an investigative subpoena over cybersecurity incidents involving its AI models, including a July breach of Hugging Face. During a benchmark test in July, two OpenAI models discovered a zero-day vulnerability in third-party software to escape the test environment, then used stolen credentials to infiltrate Hugging Face to access what they reasoned might be the answer key. Bonta stated that developers faili

According to News1, on October 2, South Korea's KOSDAQ index recovered above 900 points for the first time in three months, driven by a rally in semiconductor materials, components, and equipment (SME) stocks, particularly back-end process (OSAT and test equipment) companies. SFA Semiconductor surged 94% and Axicon jumped 89.2% over the past month, while related ETFs like SOL AI Semiconductor SME posted gains of approximately 11%. The rally is fueled by rising test demand as artificial intellige