Gate Crypto Flash News and Market Updates

According to Bloomberg, on October 17, CoreWeave's three co-founders—Michael Intrator, Brian Venturo, and Brannin McBee—have collectively sold $3.3 billion in company stock since the AI cloud computing company's initial public offering in March 2025. The stock declined 11.91% this Friday as investor concerns about AI spending and rising credit risks intensify.

According to CNA, CoreWeave shares and bonds were heading for steep weekly losses as investors questioned whether the Nvidia-backed US cloud computing company could sustain its $50 billion debt load if borrowing costs rise. The cost of insuring CoreWeave's debt reached record highs. Regulatory filings showed that CoreWeave CEO Michael Intrator and related entities had sold nearly $1 billion of stock since the company's March 2025 IPO, mostly under prearranged trading plans. AI infrastructure pee

According to Iran's Islamic Revolutionary Guard Corps Navy, a super tanker carrying over 2 million barrels of crude oil hit a mine and caught fire in the Strait of Hormuz on October 17. The statement indicated the tanker had shut down its positioning and radar systems while attempting to transit an unauthorized shipping lane through the strategic waterway. The Iranian naval command stated that the Strait of Hormuz is now closed to unauthorized vessels.

According to Guru Club, Microsoft Research launched StudentSim on October 17, a system designed to evaluate how well AI tutoring explanations, prompts, and questions help students learn. The system trains personalized AI student simulators for each learner based on anonymized educational records, modeling both how students respond to tutoring interventions and their independent problem-solving. This addresses the challenge of scaling educational research without costly, time-intensive human stud

According to Bloomberg, OKX's global managing partner and chief marketing officer Haider Rafique will leave the crypto exchange by year-end. Rafique joined the Seychelles-based platform in March 2020 and oversaw its rebranding while helping to build partnerships outside the crypto industry. He previously worked at Blockchain.com, CA Technologies, and Microsoft. OKX reached a $25 billion valuation in its recent funding round backed by investors including Qube Research & Technologies, Circle Inter

According to Coinglass data cited by ChainCatcher, $333 million in positions were liquidated across crypto derivatives markets in the past 24 hours, with long positions accounting for $222 million and short positions for $111 million. Bitcoin saw long liquidations of $57.55 million and short liquidations of $25.23 million, while Ethereum recorded long liquidations of $36.49 million and short liquidations of $32.44 million.

Firedancer, a validator client for Solana, has launched a bug bounty program to enhance network security. The program offers 2x rewards for all bug discoveries and 3x rewards for vulnerabilities related to Alpenglow, running until November 20. The initiative aims to strengthen the overall security of Solana's validator infrastructure by incentivizing community participation in identifying potential issues.

According to CryptoSlate, Microsoft and cybersecurity organization Health-ISAC obtained a U.S. court order to seize and redirect domains supporting three phishing-as-a-service platforms: YAM Store, CoGUI, and Iron Man. Since January 2026, these services have distributed over 1 billion phishing messages targeting more than 75,000 institutions across 150 countries, generating tens of millions of dollars in revenue for operators. Microsoft disabled over 20,000 accounts linked to YAM Store and conti

According to MSX.COM data, U.S. stocks closed lower on October 17. The Dow Jones fell 0.34%, the S&P 500 dropped 1.09%, and the Nasdaq declined 2.14%, while the VIX volatility index surged 21.45%. AI-related stocks saw broad declines, with CoreWeave down 11.91%, Twilio down 10.62%, AMD down 9.86%, Tempus AI down 9.01%, and Snowflake down 8.43%.

According to SoSoValue data, on Oct. 16, U.S. NEAR spot ETF saw net inflows of $2.61 million, with Bitwise NEAR ETF (NRR) driving the single-day gains. Cumulative net inflows for NEAR spot ETF reached $83.05 million to date. Meanwhile, ZEC spot ETF posted net outflows of $1.22 million on the same day, with Zcash ETF (ZCSH) accounting for the decline. Despite the single-day outflow, ZEC spot ETF's cumulative net inflows stand at $163 million.

According to Odaily and MSX.COM data, U.S. stock markets closed lower on October 17, with the Dow Jones declining 0.34%, the S&P 500 falling 1.09%, and the Nasdaq dropping 2.14%, while the VIX fear index rose 21.45%. AI-related stocks led the selloff, with CoreWeave down 11.91%, Twilio falling 10.62%, Super Micro Computer declining 9.86%, Tempus AI dropping 9.01%, and Snowflake sliding 8.43%.

According to PANews citing SoSoValue data, Solana spot ETFs recorded net outflows of $12.668 million on October 16. Bitwise Solana Staking ETF (BSOL) accounted for the entire outflow, though it has accumulated $1.18 billion in net inflows historically. As of press time, the total assets under management for SOL spot ETFs reached $1.619 billion, with cumulative net inflows of $1.557 billion to date.

According to SoSoValue data cited by PANews, Canary XRP ETF (XRPC) experienced net outflows of $2.47 million on October 16 (US Eastern Time). This was the only XRP spot ETF to record outflows on the day.

According to Cobo's official announcement on October 17, the institutional wallet provider will unveil a brand upgrade and showcase updated payment products for enterprises and AI agents at the Singapore FinTech Festival in mid-November. The company, which shifted focus from consumer wallets to institutional services, currently serves over 680 institutional clients across nearly 50 countries. The new offerings will expand payment capabilities within Cobo's existing wallet and custody services.

According to Reuters, Anthropic signed a lease with EverWind for data center capacity at Point Tupper, Nova Scotia on October 16, marking the company's first such agreement in Canada. EverWind, a green energy developer, plans to invest more than C$10 billion (US$7.05 billion) in the Nova Scotia data center campus and related wind power projects.

According to Chainalysis, a task scam perpetrator lost approximately 60 BTC worth $4.8 million after being targeted by the recent Ledger theft on October 15. The funds were illicitly obtained through a task scam scheme where victims were paid to fake sales and reviews of real items, then tricked into contributing their own money with promises of payment. The scammer had transferred the stolen proceeds to three separate Ledger addresses on September 22, which were subsequently emptied by differen

According to Bitcoin Magazine, Sazmining announced on October 16 that it is now selling Proto immersion hashboards directly to individual and institutional buyers through its mining-as-service platform. Each hashboard delivers approximately 200 TH at around 15 J/TH efficiency, with buyers maintaining full ownership while Sazmining handles deployment, monitoring, and maintenance at U.S. facilities. Mining rewards go directly to the owner's wallet. The move follows a multi-megawatt supply agreemen

According to CoinShares on October 16, Bitcoin fell to $81,473, down 2% over seven days, after U.S. inflation data came in hotter than expected. The firm's Head of Research, James Butterfill, said Bitcoin's near-term setup is difficult but not fundamentally bearish, as the macro environment sits awkwardly between elevated inflation that prevents Fed easing and a resilient economy that precludes policy shifts. Butterfill advised long-term investors to view coming weeks as data-driven ranges rathe

According to Jin10, the Collective Security Treaty Organization (CSTO) conducted its "Unbreakable Brotherhood-2026" joint military exercise in Belarus on October 16 to test member states' coordinated operations in complex security environments. The exercise involved over 1,500 military personnel, more than 300 equipment units, and approximately 80 drones from CSTO member nations.

According to BlockBeats reporting Fidelity Digital Assets analysis, Bitcoin's correlation with U.S. 10-year real interest rates reached 0.6 or higher in 2026, marking a historic high, as Treasury yields climbed to their highest level since Bitcoin's inception. Over the past two months, Bitcoin rose nearly 30% while U.S. 10-year Treasury yields surged over 10%. Fidelity noted that amid rising government debt—which has breached $40 trillion—and increased financing costs, Bitcoin's fixed supply of