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
05:32
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FCC Sets Oct.29 Vote on 25 MHz Spectrum; Amazon Acquires Globalstar for $11.5B as Bezos Eyes Blue Origin IPO

According to the Federal Communications Commission, on October 29 the FCC will vote on a proposal to auction 25 megahertz of spectrum to support direct-to-device satellite-to-smartphone services, and seek public comment on opening an additional 482 MHz for supplemental coverage from space. Meanwhile, Amazon is seeking FCC approval for up to 5,105 satellites and agreed to acquire Globalstar for more than $11.5 billion to expand its satellite internet business. Separately, Jeff Bezos stated that B
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05:31
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Lido Lend Decentralized Lending Market Proposed, Awaiting Lido DAO Vote

According to Lido, the project is developing Lido Lend, a decentralized lending market built on a modified fork of Morpho Blue with an isolated market design. Lido Lend will be governed by Lido DAO and requires voting approval. The platform limits blue-chip assets, encourages stETH/ETH trading pairs, and features deposit screening mechanisms to prevent low-quality collateral. Lido's stETH staking scale exceeds $25 billion, with no major security incidents since launch.
MORPHO-1.63%
ETH-1.63%
05:31
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Bitcoin Hits $80K Probability Surges to 72% on Polymarket, Up 17% in 24 Hours

According to PPP market monitoring tool, the probability of Bitcoin touching $80,000 in October on Polymarket rose to 72% in the past 24 hours, up 17%. The prediction is based on Binance BTC/USDT trading pair, with settlement triggered if the 1-minute candle high reaches or exceeds $80,000 anytime within the month.
BTC-1.51%
05:31
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Yemen's Houthis Strike Saudi Military Targets, Warn Airlines on October 8

According to Jin10, Houthi forces in Yemen carried out ballistic missile strikes on Saudi military targets on October 8, including the Kawaa Camp in Ras Alara region and military positions south of the Bab al-Mandab Strait, causing multiple casualties and igniting ammunition depots. The group also targeted King Khalid International Airport near Riyadh and reiterated a final warning to all international airlines against operating flights over Saudi airspace, excluding Mecca and Medina, stating th
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05:27
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CME Commodities Show Mixed Performance on October 7; Precious Metals, WTI See Gains in Volume and Open Interest

According to CME data, on October 7, major commodities showed divergent performance in trading volume and open interest. Precious metals led gains: gold futures recorded 188,351 contracts traded with 398,275 open interest, while silver saw 53,715 contracts traded with 107,117 open interest, and copper logged 59,568 contracts with 305,076 open interest. In energy, WTI crude oil volume increased to 986,399 contracts with 1,889,620 open interest. Brent crude oil's volume rose to 152,590 contracts b
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05:22
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Ripple Custody Completes Integration with Canton Network, Version 1.43 Adds Asset Support

According to Foresight News, Ripple Custody has completed integration with Canton Network in its version 1.43, adding support for the network's assets. Users can now hold and transfer CC, CIP-56 tokens and other digital assets through a unified custody platform with integrated strategy engine and audit trails, without accessing additional custodians.
CC-2.50%
05:21
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NEAR Intents Repurchases $1.84M of NEAR in September, Up 2.5x Month-over-Month

According to Foresight News citing Bitwise research data via former NEAR core member Vadim, NEAR Intents repurchased $1.84 million of NEAR in September, a 2.5x increase from August's $723k. The September buyback represents approximately one-third of the total $5.3 million spent on open market repurchases since February's fee mechanism adjustment. Over the past 30 days, Intents trading volume reached $4.8 billion, up nearly 9x year-over-year. The surge in repurchases is driven by a portion of tra
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NEAR10.03%
HYPE-3.61%
ONDO-0.10%
05:21
0

Collector Crypt Partners with Cycol Gallery to Launch Physical Experience Installations Through 2027

According to Foresight News, card-based RWA platform Collector Crypt announced a partnership with U.S. art gallery Cycol Gallery in 2026, with plans to launch the Cycol 2.0 experience and collaborative projects through 2027. The partnership will feature a dedicated Collector Crypt installation and retail space within Cycol Gallery's newly completed underground exhibition hall, showcasing an interactive experience displaying Collector Crypt's extensive collection.
ART4.35%
05:17
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Crypto PACs Favor Republicans With $54.3M vs $26.2M to Democrats in 2026 Cycle, Cuomo Says

According to ChainCatcher, former New York Governor Andrew Cuomo stated at the Token2049 conference that the crypto industry's heavy spending on Republicans has alienated Democrats needed for federal crypto legislation. Data from Tech Influence Watch shows crypto-related political action committees spent $54.3 million supporting Republicans versus $26.2 million for Democrats in the 2026 election cycle, with an additional $23.2 million spent opposing Democratic candidates. Cuomo noted that passin
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05:16
0

Bank of Korea, IMF Hold Joint Seminar on Tokenization Expansion and Risks on October 7

According to Yonhapinfomax, the Bank of Korea held a joint seminar with the International Monetary Fund (IMF) on October 7 to discuss tokenization expansion. Tokenization refers to recording financial assets and liabilities on programmable distributed ledgers. While tokenization holds potential to transform financial markets, it may amplify traditional vulnerabilities related to liquidity, interconnectedness, and leverage, while introducing new risks tied to technology and infrastructure. The an
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05:16
0

Orca and Loopscale Merge to Form Formation, On-Chain Capital Platform Based in New York

Orca and Loopscale have announced their official merger to form Formation, an on-chain capital platform headquartered in New York. Luke Truitt, co-founder of Loopscale, will serve as CEO, with Mary Gooneratne as Chief Operating Officer and Christopher Montagano as Chief Strategy and Legal Officer. Formation will integrate Orca's trading and liquidity infrastructure with Loopscale's credit and vault infrastructure, providing a comprehensive on-chain financial platform for tokenized asset issuers
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ORCA-5.21%
05:16
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South Korea's Central Bank Deputy Emphasizes Preemptive Measures for Tokenization Risks on October 8

According to Yonhapinfomax, South Korea's central bank deputy governor Kwon Min-soo emphasized on October 8 the need for preemptive policy frameworks to address risks posed by expanding tokenization. Speaking at the opening ceremony of a joint IMF and Bank of Korea forum titled "Expansion of Tokenization: New Efficiencies and Vulnerabilities," Kwon stressed that proactive measures become increasingly difficult as tokenization spreads. He highlighted the importance of pairing faster financial inf
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05:16
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IMF Warns Tokenization of Financial Assets Poses Risks Amid $65B Market Growth

According to the IMF's Global Financial Stability Report released on October 8, the International Monetary Fund warned that tokenization of financial assets, while offering efficiency gains, presents new financial stability risks that require policy intervention. The tokenized real asset market reached approximately $65 billion as of July, with bonds and money market funds accounting for $48 billion. The IMF identified constraints including legal certainty, regulatory clarity, interoperability,
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