Gate Crypto Flash News and Market Updates

According to MarketWatch, Elon Musk's net worth reached $1.02 trillion as of October 8, making him the world's first and only person to achieve trillionaire status. His wealth surged following recent gains in SpaceX and Tesla stock, both up 6% since October, with current valuations at $2.2 trillion and $1.5 trillion respectively. Musk holds 48.4% of SpaceX and 20% of Tesla. Musk's current wealth exceeds the combined fortune of the second through fourth richest people globally. When measured as a

On October 10, Elon Musk announced that Terrafab, a chip manufacturing joint venture between Tesla, SpaceX, and Intel, will produce chips superior to competitors. Speaking at Tesla's Gigafactory in Austin, Musk stated the team will find ways to make "better chips than anyone," leveraging customized equipment expertise. The facility in Grimes, Texas will have an initial investment exceeding $15 billion, create 3,000 jobs, and span 10 million square feet across 3,000 acres. Texas Enterprise Fund w

According to Jin10, on Saturday evening, President Trump appointed Katie Bailey as director of the White House Office of Legislative Affairs, replacing James Brady who departed in September. Bailey, who previously served as deputy director of the office since early summer, brings experience from her work with Republican senators and congressional committees. Trump praised her performance in advancing the confirmation of several key cabinet nominees and stated she has "achieved significant result

According to ChainCatcher, Filecoin's six-year vesting period is nearing completion, which will remove approximately 68 million FIL from annual token releases. Based on current mining rates, annualized new FIL supply from vesting and block rewards will decrease from roughly 89 million FIL to 21 million FIL. Storage providers will continue receiving rewards after the vesting period ends.

GRIN price plummeted 17.09% in the last hour to $0.010131, dropping from $0.01221998. The steep decline indicates significant selling pressure, with the asset also experiencing a 24-hour decline of 22.13%. The current market cap stands at $8,824.51, with 24-hour trading volume of $5,913.45, reflecting thin liquidity that may amplify price volatility.

According to ChainCatcher, USDT's smart contract on Ethereum has contained a destroyBlackFunds function since its 2017 deployment that permanently clears the balance of blacklisted addresses. The function, callable only by Tether's multisig owners on Ethereum and Tron, confirms an address is blacklisted, reads its balance, sets it to zero, deducts the amount from total supply, and records the event with no reversal mechanism available. The U.S. Department of Justice described this process in a M

According to securities analysts on October 11, Samsung SDI's small battery division is expected to achieve operating profit of 158 billion won in Q3, marking its first profitable quarter in two years. The overall company is projected to post Q3 operating profit of 239.1 billion won, swinging from a 591.3 billion won loss in the same period last year. The energy storage system (ESS) division drove growth, with sales expected to rise approximately 32% from Q2 as North American operations ramped u

According to TheStreet, Bank of America raised its price target on Marvell Technology (MRVL) to $400 following the chipmaker's October 6 Analyst Day, representing 47.5% upside from the reference price of $271.25. BofA also upgraded its 2028 and 2029 fiscal-year revenue estimates to $200.9 billion and $348.4 billion, respectively, driven by Marvell's product portfolio spanning networking, optical, storage, and custom computing positioned to capture AI infrastructure buildout opportunities. Marvel

According to Coinglass data, the cryptocurrency market saw $66.288 million in liquidations over the past 24 hours, with long positions accounting for $25.1643 million and short positions $41.1237 million. Bitcoin recorded $0.3685 million in long liquidations and $2.8588 million in short liquidations, while Ethereum saw $1.2522 million in long liquidations and $4.2478 million in short liquidations.

According to crypto analyst Drallio, meme coin issuance platforms are maintaining approximately $550 million in daily trading volume as of mid-October, significantly higher than $200 million recorded in mid-July. Trading volume on these platforms peaked at around $1.8 billion in early September, with recent declines still leaving current levels substantially above summer levels.

According to Pump.fun co-founder Alon, the platform will implement major adjustments to its Callout Rewards program, with some changes taking effect starting today. The changes include reducing reward weights for low-cap token callouts, deprioritizing trading volume as the primary reward metric, and shifting focus to measuring actual profits realized by followers. Alon stated the revised mechanism aims to create wealth opportunities for more participants, with future rewards tied to consistent a

According to the U.S. Embassy in Riyadh, U.S. citizens should avoid traveling to King Khalid International Airport on October 11 due to possible travel disruptions. The embassy also noted that U.S. government employees in Saudi Arabia are facing travel restrictions.

According to ChainCatcher citing GMGN data, SOL-based Meme coin CLAUDIA surged past $9 million market cap intraday on October 11, before retreating to approximately $8 million. The token rallied 580% over the day. CLAUDIA is tied to an AI character IP developed by creator Anabology and has drawn attention from a16z co-founder Marc Andreessen. Meme coin prices are volatile and susceptible to market sentiment shifts; exercise caution.

According to OpenAI's statement on October 9, the company terminated three AI safety researchers—Tomek Korbak, Jasmine Wang, and Mikita Balesni—citing violations of sensitive information handling policies and a "major trust breach." The researchers had publicly disputed the company's account on October 8, contending their conduct complied with workplace norms and alleging the dismissals were intended to suppress safety concerns. OpenAI stated the investigation uncovered unauthorized sharing of i

According to AFP, President Trump on October 10 called the Houthi attack on Saudi Arabia's Riyadh airport 'unacceptable' and said he would speak with Saudi Crown Prince Mohammed bin Salman about the incident.

According to TechCrunch, on October 9, Cloudflare acquired Deno, a US-based runtime startup co-founded by Node.js creator Ryan Dahl and Bert Belder, to strengthen its Workers serverless platform. Cloudflare Workers principal engineer Kenton Varda said the acquisition would improve the Workers programming model. The company also open-sourced workerd, the runtime behind Workers. Financial terms were not disclosed.

According to its official data, Papertrade, a synthetic perpetuals protocol on HyperEVM, recorded cumulative notional trading volume exceeding $573 billion since its launch on Oct 11 at 10 p.m. Beijing time. The platform has $33.22 billion in open positions with $20.29 million in total margin requirements across all existing positions.

According to Korea's National Data Hub, exports surged to a record $120.94 billion in September, up 83.5% year-over-year, with semiconductor exports jumping 262.8% and non-semiconductor shipments growing 23%. This marks a broadening recovery beyond semiconductors, with steel, electrical machinery, and base metals exports improving. Meanwhile, South Korea's September employment gains are forecast to slow sharply to under 100,000 from August's 184,000, reflecting weak manufacturing and youth job l

According to consensus compiled by Yonhapinfomax from 12 major domestic securities firms, Samsung E&A's Q3 2026 operating profit is projected at 247.1 billion won, up 40% year-over-year, with revenue at 2.71 trillion won, up 35.56% YoY. The construction company's growth is driven by steady progress on large Middle East petrochemical projects—including Saudi Aramco's Jafurah, Qatar's Ras Laffan, and UAE's Takreer Methanol—and expanded capital expenditures by affiliate Samsung Electronics for semi

According to Saudi-led coalition spokesman Turki al-Maliki, the coalition intercepted and destroyed a ballistic missile launched by Houthis early morning on October 11 in the Hail region of Riyadh Province, Saudi Arabia.