Gate Crypto Flash News and Market Updates

According to The Block, over the past two weeks, Strive increased its Bitcoin holdings by 7,600 BTC—surpassing TD Cowen analysts' forecast of 4,750 BTC for the entire fourth quarter. This brought Strive's total BTC holdings to 35,595 coins (approximately $2.9 billion) from 28,000 in late September, prompting TD Cowen to raise Strive's price target from $44 to $56 while maintaining a buy rating. Strive now ranks fourth among publicly traded companies by Bitcoin holdings, slightly exceeding Marath

According to the New York Times and U.S. Treasury data, the U.S. federal budget deficit reached $1.99 trillion in fiscal 2026 (ending September 30), the highest level since the pandemic, surpassing the $1.78 trillion recorded in fiscal 2025. Total government spending increased 6% to $7.4 trillion, while tax revenue rose 3% to $5.4 trillion. The deficit widened due to rising military spending, higher Social Security costs, and increased debt service expenses. U.S. debt service costs surged by mor

According to Protos, Prime Trust's bankruptcy trustee won a default judgment of approximately $9 million against Poloniex operator Polo Digital Assets LTD in a preferential transfer recovery lawsuit. The judgment stems from Prime Trust's transfer of over $9 million to Poloniex and Justin Sun shortly before the company's collapse, which occurred after Prime Trust terminated operations with Sun-affiliated entities following SEC litigation against Sun. Prime Trust subsequently filed for bankruptcy

According to ChainCatcher, President Trump signed an executive order on October 17 exempting certain sanctions, restrictions, and tariffs specified under the Graham-Latta Russia and Iran Sanctions Act, effective immediately.

According to Mark Karpelès, former Mt. Gox CEO, Ledger has received reports of hardware wallet tampering since December 2025 but has not issued public warnings to users. Security researcher Joe Grand reported a compromised Nano X wallet purchased from Lazada on March 4, 2026. The company acknowledged a related security incident on October 9 involving devices from an authorized reseller, but has not disclosed further details. Karpelès warned that the threats appear to be growing more sophisticate

According to Alternative.me data, the Crypto Fear & Greed Index dropped to 55 today (October 17), down from 63 yesterday, indicating the market remains in a 'greed' state.

According to Anthropic's official blog on October 16, Claude designed quantum circuits that require significantly fewer quantum bits and gates than previously published designs across eight fundamental quantum circuit tasks in chemistry, optimization, quantum simulation, and number theory. In elliptic curve point addition, a key step in quantum algorithms for breaking elliptic curve cryptography, Claude achieved the first reversible modular inverse operation without storing branch history. The n

According to CryptoQuant founder Ki Young Ju, ETF inflows have brought $58 billion in capital to Bitcoin, while publicly listed companies hold 1.3 million BTC. Even if all these positions exit, on-chain cost basis still indicates a bottom near $30,000. Reaching $10,000 would require a 0.2 MVRV ratio, compared to Bitcoin's historical worst bottom of 0.6.

According to Odaily星球日报, cryptocurrency-related political action committees have invested over $52 million in the Ohio Senate race to support Republican incumbent Jon Husted against Democratic former Senator Sherrod Brown. Defend American Jobs, the PAC backed primarily by Coinbase and Ripple Labs, has spent $46.6 million on media advertising, exceeding its previously announced $30 million budget (Cointelegraph).

According to Russian Defense Ministry statement, on October 16, Russian forces conducted drone strikes on Odesa port infrastructure and vessels carrying supplies to the port. Ukraine's State Emergency Service reported damage to energy infrastructure in the region. Ukrainian Armed Forces reported downing 693 Russian drones and noted 304 combat engagements along the front line over the same period.

The U.S. Fish and Wildlife Service has finalized a five-year rule allowing oil and gas companies in Alaska's Beaufort Sea to incidentally harm or kill polar bears and Pacific sea otters during exploration and production activities through 2031. Companies can obtain permits authorizing incidental killings of limited numbers of protected animals. The rule was requested by 17 oil and gas operators, including Chevron, ConocoPhillips Alaska, and ExxonMobil.

According to Jin10 data tracking Middle East developments on October 17, the Saudi-led coalition has launched nearly 2,500 airstrikes against Houthi positions over the past month, resulting in 114 deaths and 305 injuries, according to Houthi claims. The Houthis alleged Saudi forces used cluster munitions in airstrikes on Yemen, causing 3 deaths and 9 injuries. Meanwhile, the U.S. Central Command stated that American naval blockades have cut off Iran's maritime trade. On the diplomatic front, Ira

According to PANews, NEAR Intents disclosed a security incident from October 1 involving a smart contract vulnerability. Attackers exploited a refund mechanism flaw in third-party contract interactions, creating approximately $3.8 million in false deposits through 23 failed transactions, which they then extracted via the Omni cross-chain infrastructure. The vulnerability was in NEAR Intents' contract itself, not Omni's platform. The team recovered all funds within 36 hours of discovery and deplo

According to Seeking Alpha, BofA Securities strategist Michael Hartnett shifted to a more risk-averse positioning, warning that market risks will increase over the next three to four weeks amid mounting economic, political, and credit market pressures. Hartnett cited multiple destabilizing factors, including a 3% real yield, ongoing conflicts in Eastern Europe and the Middle East, volatile oil prices, and rising probability of Democratic gains in midterm elections. He also noted warning signals

According to iShares data, the world's largest silver ETF, iShares Silver Trust, saw holdings decrease by 29.49 tonnes yesterday (October 16), bringing current holdings to 15,478.67 tonnes.

SPDR Gold Trust, the world's largest gold ETF, increased its holdings by 5.131 tonnes compared to the previous day, bringing total holdings to 1,059.042 tonnes.

According to Axios, AWS Chief Financial Officer John Felton stated in Q2 that the company's AI capital expenditure is generating returns, with server investments showing payback periods under three years. Felton noted that AWS's order backlog reached nearly $500 billion, driven by demand from large enterprises, AI labs, and small-to-medium businesses, and emphasized that "demand is real." Internal data shows a roughly linear relationship between token usage and productivity gains, Felton added.

According to Samsung Securities today (October 17), South Korea's commercial paper (CP) rates could exceed 4% by year-end as short-term money markets tighten. The 91-day CP rate stood at 3.66% on October 15, up 26 basis points from the start of the month, per Yonhap Infomax. Researcher Kim Eun-ki noted that the Financial Services Commission is likely to raise the base rate again on November 26, and year-end seasonal factors will sustain upward pressure on short-term rates. While acknowledging th

According to Jin10, on October 16, Russian President Vladimir Putin announced that Russian forces continue strikes on Ukrainian military-industrial facilities and related infrastructure in response to Ukrainian attacks on Russian industrial and energy infrastructure. Putin stated that Russian troops are accelerating offensive operations across the entire front line. He added that Russian forces' capture of Dobropillia represents a significant milestone in the military operation, having cleared a

According to Zhitong Finance, on Friday, October 17, the Hang Seng Index ADR declined, closing at 24,082.48 points, down 104.35 points or 0.43% compared to Hong Kong market close. The decline followed losses in U.S. stock indices.