Gate Crypto Flash News and Market Updates

According to Bitcoinist, OKXICE, a joint venture between crypto exchange OKX and Intercontinental Exchange (owner of the New York Stock Exchange), has notified the Securities and Exchange Commission of plans to launch a tokenized securities trading venue. The platform will support 24/7 trading in more than 60 US-listed companies, offering blockchain-based versions of stocks with continuous market access beyond conventional exchange hours. The venue will operate under the SEC's innovation exempti

According to CNBC, U.S. 10-year Treasury yields hit 5.35% today (October 7), the highest level since 2002, but recovered to 5.288% following a strong $39 billion debt auction. Indirect bidders, including foreign central banks, accounted for 80.3% of bids, significantly above the 10-auction average of 72.4%, signaling sustained demand from long-term investors at elevated yield levels.

According to The Chosun Daily, on Wednesday, AMD CEO Lisa Su met with SK Hynix CEO Kwak Noh-jung and Samsung Electronics Device Solutions Division chief Jun Young-hyun to discuss expanding high-bandwidth memory (HBM) and supply chain partnerships. Su also engaged with representatives from 13 South Korean AI startups, including FuriosaAI, DeepX, Fadu, and Upstage, to integrate them into AMD's ROCm open-source software platform, positioning an alternative to Nvidia's CUDA architecture.

The S&P 500 closed down 0.2% today (October 7), with the industrial sector leading declines at negative 2.1%. Materials fell 1.5%, real estate declined 1.2%, while healthcare gained 1%. The Nasdaq 100 also closed down 0.2%. Among large-cap tech stocks, Strategy dropped 7.1%, NBIS fell 5.3%, and CrowdStrike declined 4.8%. Micron Technology gained 3.8%, Amgen rose 2.6%, and SanDisk advanced 2.1%.

According to Iranian Foreign Ministry Spokesman Baghaei, today (October 7), Iran held a productive meeting with Pakistani Ambassador Imran Ahmed Siddiqui to discuss bilateral relations.

The Nasdaq Golden Dragon China Index rose slightly by 0.1% today. Among active Chinese ADRs, Wanguo Data led gainers with a 2.2% increase, while NIO, JD.com, and Li Auto each gained at least 1%. Baidu fell 1.9%, Hesai dropped 1.3%, and Trip.com declined 0.4%. In ETF trading, CQQQ fell 1.2% and KWEB dropped 0.7%.

According to Bitcoin News, Strategy currently holds 848,000 BTC while BlackRock's spot Bitcoin ETF IBIT holds 805,220 BTC, bringing their combined holdings to 1.653 million BTC as of Monday (October 5). This represents 7.9% of Bitcoin's 21 million maximum supply. Valued at approximately $141 billion using Monday's price of $85,179 per BTC, these holdings consist partly of corporate balance sheet assets and partly ETF issuance and redemption backing.

According to Goldman Sachs, S&P 500 companies' earnings per share (EPS) is expected to surge 27% year-over-year in the third quarter, driven by artificial intelligence infrastructure investments. The bank also projects revenue growth of 12% for Q3. If this earnings level is achieved, it marks the third consecutive quarter with profit growth exceeding 25%, described by Societe Generale as an unprecedented streak outside the post-financial crisis recovery period.

According to CoinDesk, on October 8, Kraken parent company Payward is in talks with U.S. financial giant Wells Fargo to become a liquidity provider for crypto asset trading. Negotiations are ongoing and may not result in an agreement, with both parties declining to comment. The bank previously offered spot Bitcoin ETFs to eligible wealth management clients and served as exclusive capital markets advisor on Nasdaq's $100 million investment in Payward in September.

According to @SolanaFloor, Dominion Market has shut down following a $2.75 million exploit of its SILV token. The platform's recovery plan for affected holders remains underfunded, raising concerns about the viability of SILV and investor confidence in similar DeFi projects. The SILV token is currently showing no trading activity, indicating a significant pause in market engagement with the asset.

On Wednesday (Oct 7), EUR/USD fell 0.55% to 1.1196 in New York's close, touching a fresh October 5 low of 1.1161 at 20:27 Beijing time. GBP/USD declined 0.48%, USD/CHF rose 0.22%, AUD/USD fell 0.28%, NZD/USD dropped 0.41%, and USD/CAD gained 0.36%.

According to CCTV, Ghana's Foreign Minister Abuaquah announced on October 6 that Ghana has decided to formally apply to join the BRICS cooperation mechanism. The decision aims to diversify international partnerships, expand economic development opportunities, and strengthen collaboration with emerging economies within the Global South and South-South cooperation framework.

According to Jin10 data, the U.S. Dollar Index rose 0.4% on October 8, closing at 102.242 in forex trading. The euro weakened to 1.1199 USD from 1.1261 USD, while sterling fell to 1.3219 USD from 1.3277 USD. The yen edged lower at 157.96 per dollar from 158.12.

According to the U.S. Treasury Department, on October 8, the 10-year Treasury auction yielded 5.300%, hitting the highest level in approximately 26 years since November 2000. The yield rose 46.6 basis points compared to the previous month's auction at 4.834%. The $39 billion reopening saw a bid-to-cover ratio of 2.77 times, the highest since 2016. Indirect bidders accounted for 80.3% of accepted bids, while primary dealers took just 2.5%, marking a record low.

On Wednesday, October 7, U.S. 10-year Treasury yields exhibited a V-shaped pattern in New York afternoon trading. The 10-year yield closed up 0.23 basis points at 5.2816%, after climbing to a daily high of 5.3624% at 21:27 Beijing time, before sliding sharply when Treasury bond auction results were announced at 01:00. The 2-year yield fell 3.35 basis points to 4.7661%, declining from an intraday peak of 4.8352%, while the 30-year yield gained 0.93 basis points to 5.6668%. The 2/10-year yield cur

On October 7, the ICE Dollar Index rose 0.41% to 102.253 in New York late trading, with intraday range of 101.903-102.499 points. The index refreshed its daily high at 20:27 Beijing time, extending gains since Asia-Pacific open. The Bloomberg Dollar Index rose 0.28% to 1223.60 points, with intraday range of 1220.06-1226.24 points.

The UK Maritime Trade Operations (UKMTO) received a report today of an incident 51 nautical miles north of Madinat Ash Shamal, Qatar. A tanker reported being struck by multiple shells, with casualties confirmed.

According to the U.S. Offshore Energy Management Agency (MMA), as of today, approximately 25.08% of oil production and 16.37% of natural gas production in the Gulf of Mexico have been halted.

According to the U.S. Bureau of Ocean Energy Management (BOEM), approximately 25.08% of oil production and 16.37% of natural gas production in the Gulf of Mexico have been shut down today.

According to Jin10, Pakistan's military is conducting defense cooperation with Saudi Arabia across multiple sectors and capabilities, a spokesman for Pakistan's military said on October 7. Major General Ahmad Sharif Chaudhry, Director General of Pakistan's military media wing, stated that the cooperation is built on long-standing diplomatic, political, military, and civilian relations among Pakistan, Saudi Arabia, and Turkey. Pakistan's armed forces have been stationed in Saudi Arabia for decade