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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Ledger Supply Chain Risks Expand as Over 20 Retailers Flagged for Potential Compromise

According to crypto analyst Darkfost, on October 11, Ledger's supply chain risks have expanded significantly, with over 20 retailers potentially affected by hardware wallet security vulnerabilities. Following the disclosure of unauthorized hardware implants in devices purchased through Ledger reseller CryptoBilis, community discussions revealed additional retailers on platforms including Lazada that may pose similar risks. Ledger has confirmed hardware tampering in at least one user's device and
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09:32
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Solana Positioned as Financial API, Says Backpack CEO

Armani Ferrante, CEO of Backpack, recently stated that Solana should function as a financial API and aggregation layer for the entire economy, rather than serving as a single exchange. According to Ferrante's comments shared on social media, Solana's network effects could attract developers and projects to build on the platform, enhancing its utility beyond cryptocurrency transactions. The vision underscores Solana's ambition to reshape financial infrastructure by unifying various digital assets
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SOL-0.67%
09:31
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S&P 500 Q3 Earnings Growth Extends to 45%, Non-Tech Sectors Drive Expansion

According to China Securities (CITIC), LSEG consensus data shows S&P 500 Q3 earnings growth is expected to reach 45.0% year-over-year as of October 9, with revenue growth at 11.2%. Outside the "Magnificent 8" tech giants, the remaining 492 S&P 500 constituents are forecast to post 50.0% earnings growth, significantly up from 32.9% in Q2. Energy, information technology, materials, and healthcare sectors all expect earnings growth exceeding 50%, signaling that high earnings expansion is no longer
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09:30
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Hyperliquid ETH Trading Volume Surpasses BTC at $1.1B in 24 Hours

In the past 24 hours, Hyperliquid's ETH trading volume reached approximately $1.1 billion, surpassing BTC, according to Hyperliquid News. The spike may be linked to recent activity on PaperTrade, where community member boblob disclosed that two wallets allegedly exploited the platform's pricing mechanism through approximately $20 million in trades, causing ETH price fluctuations of 10-20 basis points on Hyperliquid and establishing multi-million-dollar long positions on PaperTrade.
ETH0.12%
BTC0.15%
09:29
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Polish PM Tusk Holds Meeting on Campus Safety, Cites Recent Wave of School Violence on October 11

According to CCTV News, on October 11, Polish Prime Minister Donald Tusk held a meeting with government officials to address campus safety following a series of violent incidents in Polish schools. Tusk stated there is no evidence the incidents were orchestrated by an organized, large-scale group, though online activity may influence youth behavior. He emphasized that resolving the issue requires a coordinated response from police, government departments, teachers, and parents, rather than relyi
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09:22
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Global Markets Eye September CPI Next Week as Fed Keeps Rate Hike Door Open; Powell's IMF Speech in Focus

According to BlockBeats, next week global markets will focus on the U.S. September CPI data to test whether the Federal Reserve maintains its "non-consecutive rate hike" stance. While most officials suggest one more potential hike this year, recent remarks show no rush to act at consecutive meetings; market pricing for a October 28 hike has fallen to about 19%, while a December hike is fully priced in. Additionally, Federal Reserve Chair Powell will deliver a keynote at the Bangkok IMF Annual Me
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09:13
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Ledger Confirms Unauthorized Hardware Implant in CryptoBilis Devices; Losses May Exceed $86M

According to Ledger's statement on X posted Sunday (October 10), the hardware wallet maker confirmed that at least one device sold through Southeast Asian reseller CryptoBilis contained an unauthorized hardware implant. Investigator Specter estimated total losses may exceed $86 million across Bitcoin, Ethereum, and Tron. Ledger advised users who purchased devices from CryptoBilis not to proceed with setup if they haven't already, or to move assets to a new Ledger signer with a fresh recovery see
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BTC0.15%
ETH0.12%
TRX-0.18%
09:13
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South Korea's JNTC Cuts Glass Substrate Copper-Filling Time to Minutes, Targets 2027 Mass Production

According to The Elec, South Korea's JNTC has achieved a major breakthrough in glass through-via (TGV) copper-filling technology, reducing processing time from one day to minutes while maintaining a 94% yield rate. The company plans to begin mass production in 2027, utilizing a hourglass-shaped via design and proprietary metallization process to minimize copper voids and surface defects in 2-millimeter thick glass substrates. JNTC, which entered the semiconductor glass substrate space in 2024, h
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09:11
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Musk Says Tesla-Backed Companies Will Reshape Chip Manufacturing, Plans May Take Years

According to PANews, on October 11, Elon Musk stated that his companies are likely to find better ways to manufacture chips than competitors, leveraging their expertise in custom equipment production. Speaking to investors and customers at Tesla's Austin facility, Musk acknowledged he currently does not know how to manufacture microchips but said his team will figure it out. He noted that competitors lack the custom equipment manufacturing capabilities that his companies possess, which he believ
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09:05
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PaperTrade Documentation Discloses BBO Manipulation Risk; Two Wallets Exploit With ~$20M Trades on Oct 11

According to trader Rune citing PaperTrade official documentation on October 11, the protocol has disclosed a Best Bid and Offer (BBO) price manipulation vulnerability in its pricing mechanism. Two wallets allegedly exploited this vulnerability through approximately $20 million in trades, causing a 10-20 basis point fluctuation in Hyperliquid's ETH price while establishing what Rune described as a nine-figure long position on PaperTrade. Community member boblob highlighted that the disclosed ris
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HYPE0.74%
ETH0.12%
09:02
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U.S. September CPI, PPI Set to Rise on October 14-15; Headline Inflation Expected Up 0.6%, 0.5%

According to YonhapInfomax, the U.S. will release September Consumer Price Index (CPI) on October 14 and Producer Price Index (PPI) on October 15, with market expectations pointing to significant headline inflation increases. September headline CPI is anticipated to rise 0.6% month-over-month, marking the largest monthly increase since April, while headline PPI is expected to climb 0.5%. Core CPI is projected to increase 0.2% and core PPI 0.3% month-over-month. The data releases come one day bef
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08:59
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Major Central Bankers Gather at IMF Annual Meeting in Bangkok This Week

According to Yonhapinfomax, this week (October 12-18) the IMF's autumn annual meeting in Bangkok will gather major central bankers including Fed Chair Kevin Warsh, ECB President Christine Lagarde, BOE Governor Andrew Bailey, and BOC Governor Tiff Macklem. Key market drivers include France's budget crisis, potential volatility in Lagarde's remarks on ECB policy tools, and her possible statements on her future as ECB chief. U.S. inflation data (CPI and PPI for September) will be released October 1
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08:53
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Bybit CEO Ben Zhou to Deliver 'Make Your Move' Keynote on October 13

According to BlockBeats, Bybit co-founder and CEO Ben Zhou will deliver a keynote speech titled 'Make Your Move' on October 13 at 3:00 PM Beijing time. The speech will focus on financial industry trends and how Bybit is adapting to market changes and expanding its business. The presentation will cover four main themes: financial evolution (cryptocurrency, traditional markets, stablecoins, and real-world assets), new financial platform construction, Bybit AI, and the company's next-stage plans fo
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