Gate Crypto Flash News and Market Updates

According to BlockBeats citing analyst CW, on October 17, Binance's spot trading volume has remained at approximately $10 billion daily, following a peak of $19.4 billion earlier in the month. Prior to mid-August, the exchange's daily volume typically fluctuated between $6 billion and $13 billion. Coinbase's trading activity, which surged during the recent market rally, has since cooled as the market entered a consolidation and correction phase, contrasting with Binance's sustained liquidity des

According to Bloomberg, on October 17, quantitative trading firms Jump Trading and DRW deployed trading teams and committed capital to the emerging AI computing derivatives market. Jump Trading has established a dedicated team to provide market-making services for computing futures contracts launched by the Chicago Mercantile Exchange (CME) and Silicon Data, as well as competing contracts by Intercontinental Exchange (ICE) and Ornn. DRW plans to engage three trading teams with different strategi

According to Arkham tracking data, whale trader 0x9c6 opened a 20x leveraged long position on SOL at Hyperliquid with current holdings valued at $57.5 million and unrealized gains of approximately $13 million as of October 17. The position was opened at an entry price of $80.86; SOL is currently trading at $104.43. The trader has held the position for approximately one month without closing. The whale's Hyperliquid account currently holds a total value of $24.2 million.

According to BlockBeats, Anthropic disclosed on October 17 that its Claude model solved a long-standing cryptography puzzle within 30 minutes—the seed generation method behind NIST standard elliptic curves that had eluded researchers for about 25 years. Through reverse analysis, Claude determined the seeds were likely generated using the lrand48 pseudorandom generator from 1990s C libraries combined with Unix timestamps, rather than a complex proprietary algorithm. The discovery addresses long-s

According to BlockBeats, TRON founder Justin Sun shared his personal asset allocation on October 17 during a recent interview. He maintains his Bitcoin holdings as core long-term reserves despite concerns about quantum computing risks, while reducing Ethereum by 80-90% and reallocating proceeds to U.S. equities. Sun currently holds approximately 20% of his previous ETH position as a reserve. His primary U.S. stock holdings include Nvidia, positioned as his AI sector core allocation, and Nasdaq-1

According to Liquid247.xyz, Ethereum spot orderbook data on Binance as of October 17 shows buy orders of $9.8819 million against sell orders of $9.0782 million, reflecting a $0.8037 million buy-side imbalance. ETH was trading at $2,428.13.

According to Reuters, Anthropic is currently lobbying U.S. Congress lawmakers to advance an AI safety bill that would require the government to halt model operations only if they pose foreseeable risks of causing over $1 billion in economic damages or at least 50 deaths or severe injuries. The draft restricts regulatory triggers to three risk categories: bioweapon development or proliferation, loss of developer control over AI models, and cyberattacks. It mandates AI developers conduct transpare

According to SeeNews, Bulgaria-based Postbank (part of Eurobank Bulgaria AD) announced plans on October 16 to integrate stock and cryptocurrency investment features into its mobile banking application. The move reflects traditional banks expanding digital asset and securities services into retail banking channels.

According to Bitdeer's official update on X on October 17, the company sold all 294.2 BTC from its weekly mining production as of October 16, bringing its current Bitcoin holdings to zero (excluding customer deposits).

U.S. Ethereum spot ETFs recorded net outflows of $69.7 million on October 16 (U.S. Eastern Time), according to Paside data. BlackRock's ETHA accounted for the largest single outflow at $69.7 million. Over the past five trading days (October 12–16), total net outflows reached $320.1 million, with cumulative outflows for October reaching $955.1 million to date. The three consecutive days of outflows mark a shift from September's net inflows of $831.3 million.

According to Parksside data, U.S. spot Bitcoin ETFs recorded $82.4 million in net outflows on October 16 (U.S. Eastern Time). Over the past five trading days (October 12–16), cumulative net outflows reached $228.4 million. BlackRock's IBIT product led outflows with $71.8 million, while all other products combined saw inflows of $220 million from Bitwise's BITB and $6.7 million from Morgan Stanley's MSBT.

According to HTX market data, Solana (SOL) broke below $105 and is currently trading at $104.96, down 0.19% over the past 24 hours.

According to a report released on October 16, Guangdong has documented 195 large language models, positioning the province at the forefront of China's AI sector. The Guangdong Large Model Filing Observation Report 2026, unveiled at the Guangdong-Hong Kong-Macau Greater Bay Area Generative AI Safety Development Joint Laboratory conference in Guangzhou, details the development status, structural characteristics, and innovation highlights of the region's LLM ecosystem. The laboratory also released

According to crypto KOL CM, as reported by BlockBeats, MicroStrategy stock declined 9.56% on October 17 amid speculation that the market may have already priced in the impact of a potential MSCI removal. The KOL suggested that when passive selling pressure materializes, MSTR's stock price may not see further significant decline. Net mNAV—which factors in preferred stock and debt alongside Bitcoin holdings—remains above 1, meaning the risk of a further breakdown below this level appears limited g

According to Benzinga, Apple and Meta announced a collaboration allowing developers to run Meta's Muse Spark Open open-source model on Mac devices. Dan Ives, a partner at Yorkville Research, estimated the partnership could add $75 per share in value to Apple stock, citing the company's installed base of 1.5 billion iPhones and 2.5 billion iOS devices positioned to leverage AI capabilities.

According to Odaily, El Salvador added 1 bitcoin to its strategic reserve today (October 17), bringing its total holdings to 7,807 BTC. The country became the first nation to adopt bitcoin as legal tender in September 2021 and has continued government-led bitcoin purchases since then.

According to ChainCatcher citing Solana Foundation, Samsung will support USDC cross-border transfers in Samsung Wallet starting late October, covering approximately 82 million eligible Galaxy devices in the U.S. Users can transfer USD stablecoins to compatible crypto wallets within seconds at no transfer fee, and remit to eligible bank accounts in over 60 countries and regions. The service will utilize Solana and Sui networks as underlying infrastructure, with Bastion providing transfer services

According to Jin10 data, gold jewelry prices in China showed little change on October 17 compared to the previous day. Most brands' pure gold jewelry (足金) prices hovered around 1,250 yuan per gram.

According to ChainCatcher, Google's Willow quantum chip reduced the error rate for preparing Magic States (a key resource for quantum computing) by approximately 40 times using its "Cultivation" method, with findings published in Science this week. The experiment achieved around 99.99% state fidelity, though only approximately 8% of attempts passed selection. Google previously estimated that future quantum computers could break Bitcoin and Ethereum wallet cryptography with fewer than 500,000 phy

According to CZ's statement on X, the Binance founder recently tested an AI tool to clean up past retweets and clarified that he did not delete any original posts. CZ dismissed concerns over the mass deletion, stating there was no need for over-interpretation of his account activity.