Gate Crypto Flash News and Market Updates

On Thursday, investor Michael Burry said the Trump administration will "pull out all the stops" to protect AI investment and stocks, viewing them as key assets. However, he warned that trillion-dollar backstops would carry "epic moral hazard" and noted the government's fiscal constraints limit their options. Meanwhile, valuation expert Aswath Damodaran is maintaining exposure to artificial intelligence through five Magnificent Seven stocks—Amazon, Alphabet, Meta, and Microsoft (excluding Tesla a

According to Liquid247.xyz data, Ethereum is currently trading at $2,491.14. Binance perpetuals show the thickest order book imbalance: sell orders total $57.24 million while buy orders amount to $49.06 million, with selling pressure outpacing buying by $8.18 million.

According to BlockBeats, Lumentum CEO Michael Hurlston stated today that the company's optical component capacity through early 2029 is fully sold out as tech companies rush to build faster AI data centers. Certain products will face roughly 70% unfilled demand into 2027, while others will have approximately 30% unmet demand extending into 2028.

According to Nikkei, Apple reduced orders for the iPhone 18 Pro due to weak demand.

According to Guru Club, Indian mining ministry officials are considering establishing a strategic reserve for critical minerals, the ministry said on October 9.

According to the companies, EDX Markets and VerifiedX announced on October 8, 2026, a strategic partnership to introduce Verified Bitcoin (vBTC) to EDX's institutional spot trading platform. The collaboration will also make EDX a validator on the VerifiedX blockchain network. vBTC is backed one-to-one by underlying Bitcoin and designed to maintain direct redemption to native BTC. The tokenized asset enables institutional investors to access Bitcoin liquidity while allowing their holdings to part

According to Digital Assets, Korea's five major cryptocurrency exchanges recorded combined weekly trading volume of 17.4 trillion won in the week ending October 8, down 18% week-over-week. Upbit maintained its leading position with 61.34% market share, though declining 3.45 percentage points from the previous week. Bithumb held second place at 26.75%, while Coinone climbed to 8.57% with a 2.59 percentage point gain, reinforcing its third-place standing.

According to Samsung Electronics America's announcement on 7 October, USDC transfers will arrive in Samsung Wallet starting the last week of October, reaching 82 million compatible US Galaxy devices. Users will be able to send USDC to crypto wallets abroad with no Samsung fee, or pay out to bank accounts in more than 60 countries in local currency. Bastion, a stablecoin custodian, runs the accounts with Coinbase as sub-custodian.

According to Lookonchain data, a whale address with a perfect 100% win rate and $9.26 million in cumulative profits recently opened a 20x leveraged long position on 12,000 ETH worth $29.88 million. The position has generated $626,000 in unrealized gains.

According to blockchain data, over the past three days, the U.S. government deposited 17,733 BTC and 750 WBTC totaling approximately $1.542 billion into Coinbase Prime. Bitcoin declined 6.9% during the same period.

According to Odaily, in September, major token launchpads across Solana, Robinhood Chain, BSC, and Arc collectively issued over 1.9 million tokens, reaching an all-time high. Pump.fun led with over 1 million tokens issued, followed by Pons with over 570,000 tokens, while Argus and StonkFun each issued over 100,000 tokens, according to crypto researcher defioasis.

According to Guru Club, India's daily average coal supply increased 36% from September's low on October 9.

According to Lookonchain monitoring, MARA Holdings recently offloaded 996 Bitcoin, valued at approximately $81.13 million.

According to the U.S. National Hurricane Center, Hurricane Simon is slowing its movement toward the northwest and is forecast to strengthen into a dangerous major hurricane.

According to Guardian Australia, on October 8, OpenAI used a large language model to help draft and edit its breach notification email to the Australian government regarding unauthorised access to government websites. The revelation contradicted chief strategy officer Jason Kwon's statement at a parliamentary hearing days earlier, when he said he did not think AI had been used. A person with knowledge of the incident confirmed that while AI assisted in drafting and editing, humans reviewed and s

According to Anthropic, several crypto companies including Ethereum client developer Nethermind and Bitcoin wallet ZEUS submitted enrollment requests on Friday for OSS Scanner, a newly launched program that provides open-source projects with security vulnerability reports generated by Anthropic's most powerful AI models, including Claude Mythos. The service aims to help developers identify and fix vulnerabilities before attackers exploit them.

According to Anthropic, crypto projects including Ethereum client developer Nethermind and Bitcoin wallet ZEUS applied on Friday for OSS Scanner, a security service the company launched on Thursday. The program gives open-source projects access to vulnerability detection reports generated by Anthropic's strongest AI models, including Claude Mythos. Nethermind requested audits of its entire repository, while ZEUS sought examination of its app for weaknesses affecting payments and private keys. An

According to Coinglass data cited by ChainCatcher, Ethereum's global open interest declined 5.18% in the past 24 hours to $32.151 billion as of October 9. Binance holds the largest position at $9.119 billion, followed by Bybit at $2.244 billion and Gate at $1.908 billion, while OKX accounts for $1.863 billion.

According to Foresight News, JPYC briefed the Japan Fair Trade Commission (JFTC) on September 14 regarding the cashless payment market competition and its stablecoin mechanism. Since its launch in October 2025, JPYC has been adopted by over 150 merchants across restaurants, retail stores, and agricultural e-commerce platforms. The stablecoin enables direct on-chain value transfers between users and merchants, with JPYC charging no merchant fees. Some merchants are using cost savings to offer JPY

According to Foresight News, DeFi protocol Ethervista suffered a smart contract attack on October 9, resulting in $18,600 in losses. The vulnerability stemmed from an integer overflow in the K value validation of EtherVistaPair.swap(), where two reserves stored as uint112 overflowed when multiplied, allowing the validation check to pass despite depleted actual reserves. Attackers registered a malicious contract as an authorized router and executed two transactions to extract WETH and VISTA token