Gate Crypto Flash News and Market Updates

According to Odaily, STRK on Hyperliquid dropped 13% to $0.0665 tonight. The largest STRK bull address holds approximately 64.2 million STRK long positions worth $4.25 million on 5x full leverage, currently facing an unrealized loss of around $1.019 million with a return rate of approximately -96%. Another whale's 21.36 million STRK long position was liquidated this evening, resulting in a realized loss of $207,000. The address subsequently opened a new position of approximately 4.79 million STR

On October 17, Senegal's former President Macky Sall announced his withdrawal from the race for UN Secretary-General.

According to Farside Investors, BlackRock's iShares Ethereum Trust (ETHA) recorded $223.9 million in net outflows between October 14-16, accounting for 86% of total three-day Ethereum ETF withdrawals of $259.5 million. ETHA reported $109.8 million in outflows on October 14, $44.4 million on October 15, and $69.7 million on October 16, amid broader institutional selling pressure as Ethereum struggled to hold above $2,400.

According to CoinLab, Bitcoin has a 55% modeled probability of trading between $80,600 and $82,900 by October 17's daily close, with the cryptocurrency trading around $81,615 when the forecast was published. The AI-assisted forecasting platform cites reduced weekend liquidity and elevated futures positioning as key drivers of its cautious near-term outlook. Bitcoin ETFs recorded $82.4 million in net outflows on October 16, according to Farside Investors data. BlackRock's IBIT accounted for $71.8

According to Schwab's Q3 earnings disclosure released Thursday, the firm revealed $607 billion in margin loans linked to tax-aware long-short strategies, up from a smaller base earlier. Total margin loan balances reached $187.9 billion, up 14% quarter-over-quarter. CEO Rick Wursts announced on the earnings call that Schwab will introduce its own version of the tax-aware multi-strategy offering.

According to Fidelity's Center for Applied Technology (FCAT), Solana has made significant progress in network resilience and performance, with no reported mainnet outages in two years. On August 21, Solana reduced its slot time to 350 milliseconds, the first such reduction since network inception, according to the Solana Foundation's VP of technology. However, the Fidelity report noted that stake and validator concentrations among a small number of operators could threaten ongoing resilience, wa

Bank of Canada Governor Tiff Macklem noted recently that elevated oil prices have supported Canadian investment. However, he warned that rising oil prices increase the risk of broader inflation across the economy.

According to Bloomberg, U.S. federal government net interest payments reached $1.05 trillion in fiscal year 2026 ending September 30, up 8% from $970 billion in FY2025, marking a historic high. The Peter G. Peterson Foundation estimated the spending represents 3.2% of GDP and surpasses the prior record set in 1991.

According to Ripple's October 14 announcement, the company and DriveWealth are integrating RLUSD stablecoin into the brokerage infrastructure serving more than 100 financial partners globally. The integration will launch in Europe with planned expansion into the United States, enabling clients to fund and manage collateral accounts using RLUSD that can be converted to cash in near real time. The partnership also covers cross-border payments through Ripple Payments and digital asset custody infra

According to Nasdaq historical data, SanDisk shares closed at $1,299.30 on Friday 16 October 2026, down $95.53 or 6.85% from Thursday's $1,394.83. The decline extends a seven-day selloff that has wiped 23.23% from the 7 October close of $1,692.42. Market concern centers on a misreported technology development: CXMT president Cao Kanyu announced a denser DDR5 server DRAM module due year-end, not a NAND contract cut. According to Tom's Hardware and Motley Fool analyst Rich Smith, SanDisk manufactu

According to BlockBeats, on October 17, Arthur Hayes stated his fund strategy is to use altcoin trading to accumulate more Bitcoin, rather than treating trading itself as the goal. In an interview with The Rollup, Hayes expressed disappointment with altcoin performance over recent years, citing overvalued projects and hidden risks. Hayes outlined four key criteria for altcoin selection: seeking tokens that have collapsed 75-80% from local highs, avoiding newly issued coins with high FDV and low

According to Bank of America, September inflation data surprised to the upside on October 14, with the U.S. Consumer Price Index rising 3.7% year-over-year, compared to 3.4% in August. Core CPI, excluding food and energy, reached 2.6%, both remaining above the Fed's 2% target. In response, traders' implied probability of a Fed rate hike in October surged from 22% to approximately 47%. BofA's analysis team, led by Stephen Juneau, reiterated that persistent inflation pressure strengthens the case

According to CryptoQuant founder Ki Young Ju, the team behind TRUMP has generated $779 million to $1.16 billion in profits from token holders, while buyers have experienced a 97% loss.

According to Iran's Islamic Revolutionary Guard Corps Navy, a second supertanker struck a mine in the Strait of Hormuz on October 17 and exploded in flames, carrying over 2 million barrels of crude oil. The vessel had shut down all navigation and radar systems while attempting to transit the strait with U.S. military support, the military's social media statement said. Iran's Revolutionary Guard Corps Navy also reiterated that the Strait of Hormuz is now closed.

According to its official announcement today, Pyth Network expanded its ETF and equity market coverage, adding new Korean equities with extended-hours access. The update introduces new 24/7 Pyth Indices across equities and commodities, alongside additional crypto feeds. These enhancements aim to provide traders and institutional investors with broader access to global market data.

According to @WuBlockchain, Bitget updated its English Terms of Use on October 16, 2026, to prohibit services for users located in Russia, Belarus, and Kazakhstan. Affected users will receive specific withdrawal deadlines and instructions from Bitget. The exchange described the move as a one-time exercise and assured users their funds remain safe during the transition.

According to President Volodymyr Zelenskyy, Russia launched a large-scale overnight strike on Ukraine's energy infrastructure on October 16-17, deploying over 320 drones and various missile systems between 7 p.m. on October 16 and 7 a.m. on October 17. The strikes targeted energy facilities, cities, and communities across Ukraine, damaging 15 or more critical power generation and transmission installations.

According to the International Committee of the Red Cross, the Houthi movement in Yemen released 159 detained persons on October 17. The ICRC stated it did not participate in determining which individuals or how many would be released.

According to Firelight's October 15 announcement, Kraken DeFi Earn's Protected Strategies USDC vault now has access to XRP-backed onchain protection. The integration introduces predefined coverage terms, independent risk assessments and automated payouts for eligible losses, with eligible payments capped at $100,000 per depositor address. Firelight is a decentralized coverage protocol operating on Flare Network that uses a shared pool of staked FXRP (XRP made programmable through Flare's FAssets

According to Axios, on October 17, Elon Musk acknowledged that his government efficiency initiative, DOGE, ended without achieving expected results. Musk stated: "The only way to solve the U.S. debt problem is with artificial intelligence and robots." He added that "we cannot solve this through austerity alone," and emphasized that "it is fundamentally impossible to solve the fiscal deficit problem from within government." Musk also admitted that he had spent too long away from his companies whi