Gate Crypto Flash News and Market Updates

On Friday, October 9, London's Court of Appeal overturned the Euribor-rigging conviction of former Deutsche Bank trader Christian Bittar, who had pleaded guilty in 2018 and was sentenced to five years and four months in prison. Bittar is the first defendant in UK Libor and Euribor cases to have a conviction quashed after entering a guilty plea, rather than being convicted by jury. The decision extends a broader reversal of the UK Serious Fraud Office's benchmark-rigging prosecutions. Combined wi

According to Jin10, a violent conflict erupted in Rumbek town, Lakes State, South Sudan on October 9 morning (local time), killing approximately 71 people, including 4 soldiers. The South Sudan Ministry of Information, Communications Technology and Postal Services confirmed the incident in a statement, noting that casualty figures are still being determined. The government has deployed a joint security force comprising the South Sudan People's Defence Force, National Security Bureau, and South S

The Federal Reserve's overnight reverse repurchase agreement (RRP) usage fell to $300 million with one counterparty on Friday, October 9, down from $335 million recorded the previous trading day.

According to Peru's Central Bank, the country's August GDP growth rate (year-over-year) remained flat compared to July's 3.56%.

According to Yicai, the crypto market experienced a sharp selloff this evening with Bitcoin plunging over 3% to $83,511, marking its lowest point in a week. Ethereum dropped nearly 5%, while Solana, HYPE, XRP, and ZEC each fell over 3%. Coinglass data shows that over 110,000 cryptocurrency positions were liquidated in the past 24 hours. Spot gold fell below $4,100 per ounce, declining 2.26% intraday, while silver broke through $60 per ounce, falling 3.50%.

On October 8, Nobel Prize-winning economist Paul Krugman warned that France's worsening public finances are on an "unsustainable path" and could trigger a debt crisis across the eurozone. In an article published the same day, Krugman stated that France's situation is concerning and poses a risk not only to itself but potentially to European unity, as a loss of control over French debt could destabilize the entire currency bloc.

According to Baker Hughes, U.S. energy companies added drilling rigs for the fourth time in five weeks. The data reflects continued activity in the upstream energy sector, though specific rig count increases were not disclosed in the available information.

U.S. total drilling rigs increased to 603 this week, up from 598 in the previous week, according to latest data.

U.S. oil rig count rose to 462 in the week ending October 9, up from 456 in the previous week.

The U.S. natural gas drill count totaled 132 wells in the week of October 9, down one from 133 wells in the prior week.

According to TechCrunch, Amazon announced it will stop using non-disclosure agreements (NDAs) when negotiating data center deals with local governments this year, following a similar move by Microsoft earlier in 2026. The decision comes as community opposition to AI infrastructure projects has sparked hundreds of proposed and enacted moratoriums across the U.S., from New York to San Francisco.

According to NEAR Protocol's official X (Twitter) account, the protocol recently announced a new feature focused on Intents and Confidentiality. The announcement underscores NEAR's commitment to enhancing user privacy and engagement within its ecosystem. The tweet received 88 likes and 10 retweets, indicating community interest in the privacy-focused update.

According to The Verge, Microsoft announced on October 9 its strategy to transform Windows into an agentic operating system. At a Windows and Surface event, CEO Satya Nadella outlined plans to bring AI agents to Windows, including hybrid intelligence that enables the system to run local models instead of relying on expensive cloud infrastructure. Windows chief Pavan Davuluri highlighted demonstrations of local model execution, GitHub Copilot running without cloud tokens, and deeper Copilot integ

According to Coinbase Institutional, on October 10, Ethereum rose 71% in the third quarter, though on-chain indicators show no significant overheating signals. Data reveals that the percentage of ETH in profitable positions has moved away from its accumulation zone but remains well below historical alert levels, indicating the market has not yet reached the excessive rally state suggested by historical benchmarks.

According to Bitcoin News, company records for Malaysian hardware wallet distributor CryptoBilis show that as of August 3, a person named Jiaming, registered in Heilongjiang Province, China, holds 100% of the company's shares. The acquisition was completed in March, with the former owner exiting all operational, management, and administrative roles, according to the company's former co-founder. The co-founder confirmed they can no longer access company operations following the handover but conti

Coinbase announced that deposits and withdrawals through Interac for Canadian customers are currently experiencing delays due to an Interac outage.

According to Brian Armstrong on X, Coinbase Advanced has launched a keyboard shortcuts feature. Active traders can press '?' to view the available shortcuts list. The feature was developed using Coinbase's new AI development tools and has now been deployed to production.

According to the Office of the Comptroller of the Currency (OCC), American Express National Bank was fined $350 million on October 8 for failing to maintain Bank Secrecy Act and Anti-Money Laundering (AML) compliance. The OCC found that between June 2014 and May 2025, the bank processed approximately $13 billion in suspected trade-based money laundering (TBML) activity, including through accounts associated with bank insiders. The Federal Reserve issued a parallel enforcement action targeting si

London Metal Exchange (LME) base metal futures closed mixed today (October 9). Copper rose $231 to $14,540 per ton, while aluminum declined $2 to $3,048. Zinc advanced $87 to $3,806, lead gained $28 to $1,888, and nickel climbed $69 to $15,622. Tin surged significantly by $1,559 to $53,006, while cobalt remained flat at $39,245 per ton.

According to FinanceFeeds reporting on the enforcement campaign, U.S. authorities on September 14 filed a civil forfeiture complaint against approximately $61 million in cryptocurrency allegedly connected to black-market Iranian oil sales. Federal prosecutors in Manhattan identified Chinese businesses Blessed Trust and Hexa Whale as alleged intermediaries that helped convert oil proceeds into digital assets and move funds through cryptocurrency infrastructure. The case represents part of a broad