Gate Crypto Flash News and Market Updates

Meanwhile, a Bermuda-licensed life insurance company backed by Sam Altman, raised $37.5 million Thursday from existing investors led by Bain Capital Crypto, according to the company. The funding brings Meanwhile's total raised to over $180 million. The company bills itself as the first life insurer licensed to operate entirely on Bitcoin, with its balance sheet, reserves, and policyholder Bitcoin all denominated in the cryptocurrency. The raise follows record demand driven by Meanwhile's BTC Lif

According to Bloomberg, Ting-Wei Sun, a third-party broker in the Super Micro smuggling case, pleaded guilty on October 9 to conspiracy charges involving the illegal diversion of Nvidia AI chips to China. Sun's plea came as part of an agreement with prosecutors, though details of any cooperation arrangement remain undisclosed. He is expected to be sentenced on September 8, 2027. The case centers on the unlawful export of Super Micro servers containing restricted Nvidia hardware to China since 20

According to BlockBeats, on October 10, Multicoin Capital co-founder Kyle Samani announced on X that his largest personal angel investment has been directed to Backpack.

According to Financial Times, SoftBank founder Masayoshi Son is seeking up to $100 billion from Gulf investors in recent weeks to establish a fund that would acquire established companies and improve their operations using artificial intelligence and robotics. Unlike SoftBank's previous investment vehicles that primarily financed technology startups, the proposed fund would purchase existing businesses and introduce AI and advanced technologies to enhance their value. Son has reportedly approach

According to Guru Club, on October 10, Kuipuol, vice chair of the U.S. Superintelligence Task Group, stated that AI model providers must bear safety-related responsibilities. He opposed slowing down or pausing artificial intelligence development, calling such measures "the worst possible approach."

According to Guru Club, New York crude oil fell below $91 on October 10, declining more than 0.8% intraday.

According to CoinGlass data, the cryptocurrency market saw $82.58 million in contract liquidations in the past 24 hours as of October 10, with long positions liquidated for $38.32 million and short positions for $44.26 million. Bitcoin accounted for $7.10 million in liquidations, while Ethereum saw $7.37 million liquidated. The largest single liquidation occurred on HYPERLIQUID-XYZ:INTC-USD with a value of $3.79 million.

According to security researcher @cyberscrilla, a fake Ledger website appeared atop Google search results on October 10, designed to trick users into disclosing their 24-word recovery phrases. Google data showed the site received over 1 million visits in the past 30 days. Meanwhile, cybersecurity firm Zscaler previously discovered malicious Google ads impersonating Ledger and redirecting users to fake wallet verification pages. Ledger is investigating a suspected wallet theft involving Southeast

According to Jin10, Apple iPhone Duo orders increased by 30% on Saturday (Oct 10).

According to BlockBeats, PaperTrade recorded over $80 billion in nominal trading volume within one hour of its launch on October 10. The protocol's token emission mechanism ties PAPER token minting to user losses—for every dollar lost, the protocol mints a fixed number of PAPER tokens. Currently, with liquidity pool reserves exceeding $2 million, the emission enters a decay mode. Data shows platform users have accumulated trading losses of $4.73 million since launch.

The Israeli Defense Forces (IDF) launched interceptors against suspected air targets in southern Lebanon on Tuesday, according to an IDF statement. The military said its troops are actively engaged in the operation.

Kuwait Airways has canceled all round-trip flights to Riyadh scheduled for Saturday (October 11) following the closure of Riyadh airport.

STRK surged 10.37% in the last hour, reaching $0.07991 as trading volume surged to $29,012,206.44 over 24 hours. The cryptocurrency moved from $0.072 to its current level, driven by increased market activity amid broader mixed signals across the crypto market.

According to Time, a year-long U.S. Senate investigation revealed that major technology companies have been misleading the public about the permanent jobs and economic benefits that AI data center projects bring to communities. While companies routinely highlighted construction jobs during project announcements, many refused to disclose permanent positions upon operational status, with a few citing a ratio of one permanent job per megawatt of capacity—meaning a 100-megawatt facility would employ

According to BlockBeats, on October 10, Papertrade went live on HyperEVM and accumulated $39.9 billion in trading volume within half an hour. Bitcoin and Ethereum perpetual contract open interest totaled $1.27 billion and $890 million respectively. The PAPER token entered emission decay mode as the platform's LP reserve exceeded $2 million, shifting from a fixed 100 PAPER per $1 loss to a declining issuance curve.

According to ChainCatcher, Tom Lee, chairman of Ethereum treasury company Bitmine, predicted in an interview that ETH could reach $2.5,000 to $50,000 during the current cycle, with year-end prices potentially exceeding $5,000. Lee noted that ETH's five-year consolidation may lay the groundwork for larger gains ahead. If Bitcoin reaches above $100,000, Lee sees ETH potentially reaching around $7,500. However, market data shows traders currently assign only a 4% probability to ETH reaching $5,000

According to The Kobeissi Letter, hedge funds' net long exposure to the Magnificent Seven reached 22% as of October 2026, marking an all-time high. The exposure surged 7 percentage points since July, representing the largest three-month increase since 2023, and exceeded the previous record of 21% set in June 2024, compared to just 8% during the 2022 bear market.

According to Odaily, a Texas business court on October 2 dismissed shareholder Gary Guillaume's derivative lawsuit against Coinbase directors, ruling that he failed to submit a written demand to the board beforehand. The court clarified that the dismissal was procedural and did not address the substance of alleged misconduct. Coinbase CEO Brian Armstrong praised the ruling on October 9, stating it demonstrates the advantages of incorporating in Texas.

According to PPP prediction tool, on October 10, a profitable account (0x3eb31daa061a19855cbf0a4884c202fb86976a2a) purchased $81,000 worth of Vitality-beats-Aurora prediction in the CS2 EPL Katowice semifinal. The position opened at an average price of 75.9 cents with 107,208.9 shares. The match begins at 21:45 UTC.

According to China's Foreign Ministry, a 7.6-magnitude earthquake struck Panama on October 10, followed by over 100 aftershocks. The Chinese Foreign Ministry and the Chinese Embassy in Panama confirmed that no Chinese citizens have been reported injured or killed. The embassy will continue monitoring the situation and provide necessary assistance to Chinese nationals who require help. China's Foreign Ministry urged Chinese citizens in Panama to take precautions against earthquake-induced seconda