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
09:42
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VanEck Sets Bitcoin Mid-Term Target at $500K, Long-Term at $3M by 2050

According to VanEck research director Matthew Sigel, Bitcoin is in early bull stages as of October 3, with the firm targeting a mid-term price of $500,000—half of gold's market value. The long-term price target reaches $3 million by 2050 if Bitcoin captures significant share in global energy trading. Sigel cited institutional inflows via spot ETFs and rising correlation with gold as supporting factors for the rally.
BTC-1.86%
09:41
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Israeli Airstrike Kills 5 in Gaza, Targets Hamas Official Ali Amoudi on October 2

According to Jin10 Data, Israeli military conducted an airstrike on Gaza City's western area on October 2, targeting Hamas senior official Ali Amoudi, who is viewed as a successor to the late Hamas leader Yahya Sinwar. Amoudi, currently one of the senior Hamas officials remaining in Gaza, previously headed the group's media communications and was close to Sinwar. The Israeli military could not confirm whether the strike achieved its objective. Palestinian sources reported the airstrike killed 5
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09:37
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U.S.-Russia Ukraine War Talks Expand to Multibillion-Dollar Oil Deal on October 3

According to The New York Times, on October 3, the Trump administration's negotiations with Russia on ending the Ukraine war have expanded to include a multibillion-dollar oil deal involving assets of Lukoil, one of Russia's largest energy companies. The transaction would benefit Middle Eastern business executives with ties to two key U.S. negotiators, Steve Witkoff and Jared Kushner. The deal requires approval from the U.S. government and the Kremlin and involves Lukoil's global oil fields, ref
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09:21
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PONS Implements Automated Buyback and Burn With 7-Day Cycle

According to BlockBeats and PONS founder Ozzy, the project has fully automated its buyback and burn operations as of Oct. 3. The new mechanism executes a fund withdrawal every 7 days, followed by buyback and burn operations over the subsequent week in a continuous cycle. Any community member can trigger the automated process and receive a small reward. Ozzy noted the current buyback rate is set at 2e per hour, matching the approximately 950,000 USDC in the Splitter contract under the 7-day sched
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09:17
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Moonrock Capital CEO Criticizes Blur and Blast Founder Pacman for Prioritizing Short-Term Gains Over Long-Term Building

According to ChainCatcher, Simon Dedic, CEO of Moonrock Capital, recently criticized Blur and Blast founder Pacman for prioritizing short-term profit extraction over sustained product development. Dedic noted that despite Pacman's established market position from Blur and Blast, top investor backing, and significant attention, he chose to maximize immediate value rather than build larger, more durable products. Dedic emphasized the importance of identifying and supporting builders who resist the
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BLUR-1.13%
BLAST-43.07%
09:03
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UK Diesel Prices Hit £2 Per Liter on October 2, Breaking 2022 Record

According to the UK road rescue company on October 2, the average retail price of diesel reached £2 per liter (approximately 17.75 yuan), surpassing the previous record set in June 2022. The price surge was driven by ongoing tensions in the Middle East, which have pushed global refined oil prices higher.
09:02
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CFTC Approves Coinbase as Derivatives Clearing Organization for Futures, Options, and Swaps

According to Odaily, the U.S. CFTC has approved Coinbase to operate as a derivatives clearing organization, enabling the platform to self-clear fully collateralized futures, options on futures, and swaps without third-party intermediaries. The approval does not certify any specific markets and excludes prediction markets. Coinbase and Nodal Clear announced in June 2025 plans to launch futures contracts collateralized in USDC. The CFTC did not disclose the underlying assets or swap categories eli
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08:52
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Backpack Launches Tokenized Equity Bridge for Real Share Redemption

Backpack has revealed a new tokenized equity bridge system that allows users to convert tokenized stocks into actual shares, according to crypto commentator @solana. The bridge enhances trading flexibility by enabling redemption of tokenized equity for real shares, with the system buying shares on the brokerage side to support liquidity. This feature aligns with Backpack's broader strategy to attract international investors seeking around-the-clock trading options.
08:45
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SI Meme Coin Breaks 50K Holder Addresses in One Week, Trades on Gate and Crypto.com

According to BlockBeats, the Meme coin SI surpassed 60,000 holder addresses in one week as of October 3, with 30,000 new addresses added in a single day, making it the first Meme project to reach this growth rate in over a year, according to trader Bonk Guy. Daily trading volume remained between 15–20 million USD despite recent market corrections. SI has been listed on centralized exchanges including Crypto.com and Gate, with potential for additional platform support.
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08:44
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Bitcoin Retreats From $87K Resistance As Whales Offload 30,000+ BTC

According to analyst Ali posted on X, Bitcoin recently hit resistance at $87,000 and failed to break higher, with whales taking profits by selling over 30,000 BTC during the attempt. The $87,000 level has been the upper boundary of a price channel constraining BTC over the past two weeks. Ali noted that the key support level to watch is approximately $82,500. If Bitcoin pulls back to that level and whales resume accumulation, it would signal a potential buying opportunity. The next upside target
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BTC-1.86%
08:31
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Musk Responds to TSMC-Terafab Cooperation Rumors: Discussions Ongoing

Elon Musk commented on X regarding reports of Taiwan Semiconductor Manufacturing Company (TSMC) exploring a partnership with Terafab, a startup associated with Musk, to help operate a semiconductor factory in Texas. Musk stated: "We are just having discussions, but maybe something will come of it."
08:31
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NEAR Ecosystem Sees Significant Developer Growth, Focus Shifts to 'What to Build' Over 'How to Build'

According to Illia, NEAR co-founder, developer numbers in the NEAR ecosystem have significantly increased over the past few weeks. With development barriers lowering, the core challenge is shifting from 'how to develop' to 'what to develop and how to achieve distribution,' Illia stated on X. Illia shared several potential development directions he identifies for the ecosystem, including verifiable reasoning AI projects, universal checkout components, AI encyclopedias combined with prediction mar
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NEAR-5.43%
08:22
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Harmony ONE Climbs 10.57% to $0.002447 in 60 Minutes

Harmony ONE's price surged 10.57% in the past 60 minutes, climbing from $0.002213 to $0.002447. The token posted a 24-hour gain of 13.39%, with trading volume reaching $4,165,699.36 over the same period. The price movement is attributed to increased network activity, with higher on-chain transaction volume reflecting growing investor interest.
ONE8.78%
08:20
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SpaceX (SPCX) Pre-IPO Tokens Unlock 14% on October 3, Third Batch Release 23,730 SPCX

According to Gate, SpaceX (SPCX) Pre-IPO tokens will undergo their third batch unlock on October 3 at 20:00 UTC+8, releasing 14% of the original total allocation equivalent to 23,730 SPCX. Since 27% has already been unlocked, the remaining 73% will be distributed to users based on their actual SPCX holdings at snapshot time, with each user receiving 19.18% of their holdings as a 1:1 conversion to Gate stock accounts. The unlock applies to SPCX acquired through Pre-IPOs subscriptions and subseque
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08:17
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World ID Enables AI Agent Verification Across 4 Platforms on October 3

According to World, on October 3, the company outlined how World ID can verify whether AI agents like Meta's Muse and OpenAI's dots operate with genuine human authorization. The system uses zero-knowledge proofs to confirm Proof of Human while preserving privacy, ensuring agents remain unique, neutral, and non-shareable across platforms. Okta's Human Principal beta, Vercel's WorkflowSDK, Exa's free API tier, and Browserbase's web navigation have already integrated World ID to validate whether re
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08:13
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Samsung Electronics Maintains 460,000 Won Price Target, Significantly Undervalued on Oct 3

According to IBK Securities analyst Kim Woon-ho on October 3, Samsung Electronics stock is significantly undervalued despite expected Q3 earnings to fall short of prior guidance. The firm maintained its buy rating and 460,000 won price target, citing stable memory demand and earnings resilience amid prolonged supply constraints. Separately, market research firm TrendForce projected on September 30 that HBM (high-bandwidth memory) average selling prices will surge over 121% year-over-year in 2027
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