Gate Crypto Flash News and Market Updates

According to Odaily and Malicious MistEye threat intelligence, over 1,500 DarkSword phishing sites have been deployed globally. The campaign targets e-commerce platforms, fake Binance and OKX exchanges, fraudulent wallets, gaming services, and cryptocurrency exchange platforms.

According to BlockBeats citing HTX trading data, IRYS price reached $0.32 overnight on October 24 before retreating to $0.10, marking a 24-hour gain of over 280%. The token's market capitalization stands at $266 million. IRYS perpetual futures spiked to $0.50, gaining over 780% in 4 hours, and have since pulled back to around $0.10.

According to Foresight News, Espresso blockchain latest benchmark testing shows data throughput of 181 MB/s with finality remaining under 1 second. This throughput supports approximately 1 million stablecoin transfers per second. Espresso's performance significantly exceeds competing blockchains: Tempo (3.74 MB/s), BNB Chain (1.18 MB/s), Arc (0.48 MB/s), Avalanche (0.43 MB/s), and Ethereum (0.35 MB/s).

According to the U.S. Department of Justice, 44-year-old Chinese national Zheng Zhao was extradited from the Netherlands and appeared in court yesterday (October 23) on charges of participating in a transnational cryptocurrency investment fraud targeting American citizens. More than $36.9 million in victim funds were transferred through shell companies, international bank accounts, and digital asset wallets controlled by the fraud network, which operated from Cambodia. Over 174 confirmed U.S. vi

According to Jin10, on October 23, Cuba's President Diaz-Canel responded to U.S. threats by reaffirming that the Cuban people are determined to defend the nation's independence. On social media, Diaz-Canel stated, "It is worth remembering that the Cuban people achieved true independence starting January 1, 1959, and we are determined to defend it. Cuba is not a threat; the blockade is." Earlier that day, U.S. President Trump said at a campaign rally in Florida that the U.S. was prepared to addre

According to KCNA, North Korea's military held the Third Company Commanders Conference of the Korean People's Army on Oct. 22-23 in Pyongyang, with Kim Jong-un presiding. The conference was the first full military meeting convened since the Ninth Congress of the Workers' Party of Korea.

According to ChainCatcher citing Coinglass data, Hyperliquid whales currently hold $8.269 billion in positions as of October 24, with long holdings at $3.852 billion (46.58%) and short holdings at $4.417 billion (53.42%), representing a 0.87 long-to-short ratio. Long positions show unrealized gains of $116 million, while short positions show unrealized losses of $66.9 million.

According to ChainCatcher, citing Liquid247.xyz monitoring, ETH is currently trading at $2,379.10. Coinbase spot market shows the thickest order book, with buy orders of $13.73 million versus sell orders of $10.24 million, with buy orders exceeding sell orders by $3.49 million. Binance spot buy orders also exceed sell orders but at a smaller scale.

According to Russian media outlet RBC, HTX has recently added Russia to its list of restricted jurisdictions under its user agreement, affecting individuals and companies operating within the country. This move aligns with similar actions taken by other exchanges including Bitget and MEXC, reflecting growing regulatory pressures on cryptocurrency operations in Russia. The effective date of the restrictions remains unspecified.

According to the Associated Press, the United States has reduced personnel at four Middle Eastern embassies due to concerns about Iranian factors. The affected U.S. diplomatic missions are located in Jordan, Lebanon, Qatar, and the United Arab Emirates.

According to FactSet data, Direxion Daily Semiconductor Bull 3X ETF (SOXL-US), which provides 3X daily leverage on semiconductor index movements, attracted a record $6.1 billion in inflows this week as retail investors attempted to buy on dips. However, continued weakness in chip stocks has turned the move costly; the ETF dropped 10.8% this week and has fallen over 40% year-to-date in October, marking its third consecutive week of declines. On Thursday, SOXL plummeted 20.5%, its worst single day

According to Coinglass data cited by ChainCatcher, global crypto markets experienced $498 million in liquidations over the past 24 hours, with long position liquidations accounting for $340 million and short positions for $158 million. Bitcoin long liquidations reached $81.34 million, while Bitcoin short liquidations totaled $12.51 million.

According to Odaily, ZHIPU rose 10.3% to $63 in the past 24 hours.

According to on-chain analyst余烬, trader @Salem1299534 cleared 20.06 million AI tokens for 461 ETH (worth $1.09 million) 2 hours ago on October 24, realizing a $2.14 million profit on the trade. The large sale triggered a 15% short-term decline in AI's price.

According to BlockBeats, on Oct 24, Bitcoin consolidated within a range as investors monitored key catalysts: the Federal Reserve's interest rate decision on Oct 28, Strategy's earnings report on Oct 29, and the U.S. midterm elections on Nov 3. Binance perpetual futures data showed $8 billion in short positions above spot price and $7.6 billion in long positions below, with $80,000 identified as a key support level hosting approximately $3.57 billion in long liquidations.

The UK government announced plans to establish an AI Biosecurity Lab with £100 million in funding, with support from OpenAI, Anthropic, and Google DeepMind. The lab will use AI to detect and monitor biological threats. OpenAI and Anthropic will provide additional £200 million in AI computing credits. The initiative is part of the UK government's broader strategy to strengthen AI safety capabilities and address emerging biosecurity risks.

According to Andy Jassy on October 24, Amazon Web Services has sold out cloud capacity through the end of 2027, with substantial customer orders extending into 2028. The Amazon CEO attributed the rapid capacity depletion to surging demand from artificial intelligence labs and enterprises seeking to build AI infrastructure.

According to Foresight News, Initia announced today that its L1 and Rollups have halted operations following a security incident. The team is currently investigating the scope of the impact in coordination with security partners, validators, and exchanges. The official statement noted that verified information will be released through official channels only.

According to S&P Dow Jones Indices' statement on Friday (October 24), the index provider is revising how it classifies growth and value stocks, effective December 21. The new standards will incorporate intangible assets, estimated earnings, and free cash flow to assess whether stock prices are undervalued, while removing "12-month price momentum" from growth potential assessments. Bloomberg analysts estimate at least $375 billion in passive funds tracking the affected indices will need to rebala

According to ChainCatcher, Senator Richard Blumenthal began investigating Tether's $6.3 million payments to consulting firm Nxum on October 22. Nxum was co-founded by Bo Hines, a former White House digital asset advisor who holds one-third ownership of the company. Blumenthal sent a letter to Tether CEO Paolo Ardoino requesting contracts, crypto payment records, wallet addresses, and communications. The senator stated that Tether paid Nxum $415,000 monthly starting May 2025 for strategic communi