Gate Crypto Flash News and Market Updates

According to Guru Club, Li Lu, founder of Himalaya Capital, criticized the AI market's extreme pricing irrationality on October 11. He cited an example of a company claiming to develop transformative technology while admitting a 10% probability of 'killing all humanity,' seeking $100 billion in investment at a $2 trillion valuation. Li Lu stated such logical inconsistencies reflect how irrational markets can become and cannot be sustained long-term, predicting eventual market rationalization.

According to GF Securities analyst Jeff Pu, Nvidia may evaluate adopting Intel's Foveros advanced packaging technology for part of its backend operations in H2 2028, though no contract or specific product has been finalized. Intel's advanced packaging portfolio includes EMIB, Foveros, and Foveros Direct technologies, and the company is actively pursuing AI customers. The timeline aligns with Intel's 14A process expected to reach high-volume production in H2 2028. For Nvidia, adopting Intel packa

According to Coinglass data, should BTC break through $86,493, cumulative short liquidations on major CEX would reach $608 million. Conversely, if BTC falls below $79,269, cumulative long liquidations would hit $608 million.

According to BlockBeats, citing Farside data, U.S. spot Bitcoin ETFs recorded net outflows of $678.9 million this week as of October 11, while Ethereum spot ETFs experienced outflows of $542.2 million during the same period.

According to Puhui News, on October 10, U.S. President Trump called for Ukraine to replace President Zelenskyy, stating the latter was "creating trouble for the whole world" by continuing to authorize strikes on Russian oil refineries. Ukraine's Foreign Minister responded by reaffirming that Zelenskyy enjoys the support of the Ukrainian people.

According to New York's JFK Airport, a U.S. Customs and Border Protection system outage today (October 11) impacted security screening for arriving passengers. The airport confirmed the issue is nationwide and advised travelers to prepare for extended processing times.

According to Bloomberg's tanker tracking data, approximately 96 supertankers are expected to arrive in China within 90 days as of October 10, marking the highest level since late February and the third consecutive week of increases. The surge indicates growing appetite for crude oil imports after a period of pullback following regional tensions. However, the recovery remains incomplete compared to year-ago levels, when 111 tankers were destined for Chinese ports.

According to the World Health Organization, on October 10, WHO found no evidence of sustained transmission related to a death of a researcher at Russia's Institute for Plague Control in Irkutsk, Siberia. However, the pathogen causing the fatal illness has not yet been identified.

According to Treasury Secretary Bessent, the U.S. Treasury debt repurchase program, which began in May 2024, is not unprecedented as Senator Elizabeth Warren claimed. In a letter responding to Warren's concerns, Bessent stated the initiative has been welcomed by market participants and aims to enhance liquidity in the Treasury market, reduce volatility, and improve returns for taxpayers.

According to ChainCatcher, trader Rune revealed today that PaperTrade's official documentation discloses a Best Bid and Offer (BBO) price manipulation vulnerability at the protocol level. The flaw allows attackers to exploit Hyperliquid's order book to manipulate prices, involving unresolved pricing mechanisms, contract economics, and risk exposure controls. Community member boblob subsequently identified two wallets suspected of exploiting this vulnerability through approximately $20 million in

According to Circle's official data, USDC circulating supply decreased by approximately 800 million over the past seven days through October 8, with 9.7 billion USDC issued and 10.5 billion redeemed. The total circulating supply now stands at 73 billion. Circle's reserves totaling approximately 73.2 billion USD are composed of overnight reverse repurchase agreements of about 36.3 billion USD; Treasury securities with maturities under three months of approximately 26.9 billion USD; systemically i

According to MarketWatch citing Nikkei Asia, Apple reduced component orders for iPhone 18 Pro and iPhone 18 Pro Max by approximately 15% in early October due to weaker-than-expected demand. The company had informed multiple suppliers to lower production for the two recently launched flagship models. Apple's stock fell 1.1% on Friday, closing at $336.64 per share. Demand in China remained relatively strong following the handsets' September launch, though global demand appeared softer amid rising

According to Guru Club, Li Lu, founder of Himalaya Capital, stated recently at Columbia Business School's 36th Graham & Dodd Annual Lunch that AI development differs fundamentally from traditional technologies like the internet. Unlike infrastructure-heavy technologies that enable low-cost reuse after initial capital investment, AI requires perpetual incremental spending. This ongoing cost structure, combined with capital discipline and technology adoption limits, creates multiple constraints th

According to Bloomberg citing sources, Nvidia is in early-stage talks with Reflection AI to consider increased investment or computing power provision, but no terms have been agreed upon yet. The discussions aim to deepen collaboration with the open-weight model developer, according to the sources. Reflection AI, founded by two former Google DeepMind researchers, launched its first open-weight model Beam earlier this month, designed to offer strong performance in coding and AI agent tasks at low

According to Alternative, the Crypto Fear and Greed Index fell to 61 today (October 11) from 64 yesterday, signaling a continued softening in market sentiment.

According to CNBC, on October 8, the Trump administration suspended PERM green card application eligibility for 8 technology companies. VP JD Vance had claimed that Microsoft laid off 6,000 employees in 2025 and replaced them with foreign H-1B visa holders. However, U.S. Citizenship and Immigration Services data shows approximately two-thirds of Microsoft's approved H-1B visas in fiscal year 2025 were for existing employees, not new hires. Microsoft received 6,258 H-1B approvals, trailing Amazon

According to Arkham data, U.S. government holdings of cryptocurrency assets have declined $16 billion compared to their peak one year ago.

According to Foresight News, paperTrade has accumulated over $584 billion in notional trading volume since its launch on October 10 at 10 p.m. Beijing time. The platform's PAPER token shows strong staking participation, with approximately 5.106 billion of the 5.162 billion total supply already staked, representing a 98.92% staking ratio. Cumulative staker rewards have reached approximately $24.02 million, distributed in USDC.

According to China's Defense Ministry spokesperson Chen Xi on October 11, Lai Ching-te recently delivered a speech falsely claiming mainland military pressure aimed to change the status quo in the Taiwan Strait. Chen stated that there is only one China and Taiwan is part of it, dismissing Lai's "independence" stance as distorting facts and fueling cross-strait confrontation. He characterized Lai's approach as attempting to "pursue independence through military means" and "rely on external forces

Traders citing Betaville reported Friday (October 9) that Qualcomm may be considering acquiring chip designer Ambarella, with the company evaluating potential deals through advisors. The report, flagged as unconfirmed, drove Ambarella's stock price up over 7%. Ambarella is also in discussions with investment banks and potential buyers including Qualcomm and NXP Semiconductors regarding possible acquisition terms, according to the market sources. No deal is confirmed yet.