Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
Today
15:17
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Houthi Militants Strike King Khalid Airport in Riyadh on October 8, Halt Flight Operations

According to Houthi military spokesman Yahya Saree, the Iran-backed Houthi militants on October 8 successfully struck King Khalid Airport in Riyadh with ballistic missiles. The spokesman stated via X that the missiles hit their target, resulting in damage to the airport and suspension of flight operations. Saree also warned all personnel working at Saudi Arabia's oil facilities not to remain in targeted locations. He emphasized the warning was to prevent endangering lives at sites previously tar
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15:14
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Goldman Sachs Upgrades Palantir to Buy With $230 Price Target, 18% Upside On October 8

According to Goldman Sachs analyst Gabriela Borges, the firm upgraded Palantir (PLTR) to 'Buy' from 'Neutral' on October 8, setting a $230 price target. The target implies 18% upside from the previous close and positions the stock within $8 of its record high set in October last year. Borges cited growing demand for sovereign AI, bespoke applications, and Palantir's verticalization strategy as catalysts for the upgrade. She noted that the company's total addressable market "may be setting up for
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15:14
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Indonesia Launches 11 Chinese-Funded Mining Projects Worth $10.2 Billion on October 8

Indonesian President Prabowo on October 8 launched 11 Chinese-funded downstream mining projects in Weda Bay Industrial Park, North Maluku. The projects carry total investment of approximately $10.2 billion and span power battery production, nickel-cobalt materials, electrolytic aluminum, new energy machinery, and commercial vehicle manufacturing.
15:13
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Federal Reserve: Tariffs Drive Inflation in 67 Consumer Goods Categories Up 2.9 Percentage Points

According to a New York Federal Reserve report, tariffs imposed in 2025 and early 2026 drove inflation in 67 sampled consumer goods categories up 2.9 percentage points as of February. Without tariffs, prices in these categories would have declined. The report indicates approximately two-thirds of the tariff-driven price increase resulted from direct tariff impact, while the remaining gains came from indirect effects, such as increased costs for U.S. producers importing component parts and raw ma
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15:10
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FTC Orders Cleo AI to Refund $15.8M for Misleading Cash Advance Claims

According to Guru Club, the U.S. Federal Trade Commission ordered Cleo AI to return over $15.8 million to consumers on October 8, citing deceptive practices. The FTC alleged that Cleo AI misrepresented cash advance offers, promising hundreds of dollars in funding that few customers actually received. The company also charged hidden fees for instant cash advances and frequently delayed fund delivery until the next business day. The refunds will be distributed to approximately 2.12 million eligibl
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15:10
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Anthropic to Provide Claude AI to 15+ U.S. Federal Agencies, Invests $150M Over 3 Years

According to Anthropic, the company will invest $150 million over three years in a Trump administration federal initiative and provide its Claude AI model to more than 15 U.S. federal agencies, including NASA and the National Institutes of Health (NIH). The company will also provide access to Claude, Claude Code, and API credits to support the program.
15:09
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QCP Capital Unveils Q4 Bitcoin Outlook: $80K–$90K Trading Range

According to QCP Capital, on October 8, the cryptocurrency investment firm unveiled its fourth-quarter outlook for Bitcoin. The base case scenario projects Bitcoin will trade between $80,000 and $90,000, with $80,000–$82,000 identified as a buying zone and $88,000–$90,000 as a potential exit level. QCP outlined upside and downside scenarios: Bitcoin could break above $100,000 if spot ETF inflows accelerate, the Federal Reserve pauses rate hikes, and the CLARITY Act advances. Conversely, if Middl
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BTC-0.37%
15:07
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Yiseswei Computing (01256) Completes Hong Kong IPO, Raises HK$23.857B at HK$1.55 Per Share, Begins Trading October 9

According to the company announcement, Yiseswei Computing (01256) completed its global share offering of approximately 1.617 billion H shares at a final offer price of HK$1.55 per share, raising net proceeds of approximately HK$23.857 billion. The Hong Kong public offering received 9.09 times subscription while the international offering was subscribed 1.95 times. The H shares are set to begin trading on the Hong Kong Exchange on October 9, 2026.
15:03
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Derive Completes V3 Migration, On-Chain Options Trading Restored

According to ChainCatcher, on-chain options protocol Derive announced on October 8 that its V3 upgrade has launched and migration completed successfully, with trading now restored. The rebuild supports zero-knowledge proof settlement, order matching with sub-1-millisecond latency, and covers ETH, WBTC, HYPE, and USDC for yields and lending. V3 enables code-free vault creation and fee collection, plus ETH and BTC risk offset functionality. Derive plans to roll out new markets, vaults, and partner
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ETH-1.25%
HYPE-2.82%
USDC0.01%
BTC-0.37%