Gate Crypto Flash News and Market Updates

According to on-chain analyst Ai 姨, a whale opened a long position of 121.23 BTC ($10.27 million) with 7x leverage on Hyperliquid early today (Oct 4), betting on a Bitcoin bounce. The position was opened at an average price of $84,918.9 per BTC, and is currently down approximately $20,000.

According to ChainCatcher, Cronos Network's two tokenomics proposals were approved by the community today. The network burned 228 million CRO from its community pool, bringing cumulative CRO burns to 428 million. Additionally, 100% of revenue generated by Cronos Ult and Cronos Launch will be used for open-market CRO buybacks and burned monthly, with transaction hashes published for transparency. Staking rewards remain unchanged and will continue to be funded by the Strategic Reserve.

According to Jin10, on October 4, the White House established a special task force led by Director of National Intelligence Clayton to assess AI risks and determine the federal government's regulatory responsibilities. The group will draft its report within 120 days, as Clayton confirmed he will lead the initiative to ensure the U.S. maintains leadership in artificial intelligence.

According to Farside Investors, U.S. spot Bitcoin ETFs recorded net inflows of $82.9 million for the week ending October 4. BlackRock's IBIT led inflows with $292 million, while ARK 21Shares ARKB and Grayscale Bitcoin Mini Trust added $25.5 million and $24.9 million respectively. Meanwhile, Grayscale's flagship GBTC and Fidelity's FBTC experienced outflows of $54.6 million and $167.9 million respectively during the same period.

According to Scam Sniffer, a user on Ethereum lost $167,342 worth of LINK tokens after signing a phishing authorization for Permit2 on August 18, 2025. The fraudulent approval allowed attackers to transfer the funds without further confirmation.

According to RootData, the Web3 asset data platform, io.net (IO) will unlock approximately 14.14 million tokens worth $2.37 million on October 11.

According to RootData, Allora (ALLO) tokens valued at approximately $4.63 million will unlock on October 11 at 00:00 Beijing time, representing 17.25 million ALLO tokens.

According to RootData, Moca Network will unlock approximately 16.765 billion MOCA tokens valued at around $1.71 million on October 11 at 00:00 Beijing time.

According to BlockBeats, on October 4, crypto trader Ansem stated that PUMP should be valued using L1 logic, as pump.fun functions as foundational infrastructure similar to layer-one blockchains. Ansem highlighted that pump.fun's creator fee splits reach near parity with platform revenue—for approximately every $500 million in platform revenue generated, token creators receive about $500 million in creator fees after their tokens complete the bonding curve phase.

According to Ember Monitor, the largest short position opened on CXMT (Changxin Memory Technology) before its listing closed its entire position 10 hours ago on October 3, realizing a total loss of $10.98 million. The loss comprises $5.18 million in funding fees and $5.80 million in mark-to-market losses. The position had been open at $6.50 per share for two months before exiting at $8.50.

According to Foresight News, Pons, the token issuance platform on Robinhood Chain, will launch its personal dashboard this week. The feature allows users to view their holdings, track profit and loss, and manage tokens.

According to ChainCatcher, a 60-year-old Hong Kong woman reported losing approximately HK$21.5 million in a cryptocurrency investment scam between April 14 and September 22. The victim was deceived by fraudsters posing as investment experts on an online platform and directed to deposit funds into a fake investment website. She made multiple transfers totaling HK$21.5 million to designated accounts. The scammers subsequently demanded additional fees claiming the funds needed to be verified to pre

According to China National Offshore Oil Corporation (CNOOC), the main structure of the Dongfang 1-1 gas field central platform—China's first offshore carbon storage and enhanced gas recovery demonstration project—has been completed on October 4 and entered full commissioning phase. Once operational, the project is expected to store more than 1 million tons of carbon dioxide annually in subsea formations.

According to Bank of America Chief Investment Strategist Michael Hartnett, on October 4, the current U.S. stock market structure closely mirrors conditions before the 2000 dot-com bubble peak. AI stocks are soaring while other sectors face pressure, similar to 2000 when tech stocks surged over 40% and other sectors declined. The U.S. 10-year Treasury yield has risen to 5.33%, the highest level since 2002. Hartnett outlined four risk warning thresholds: global financial stocks ETF IXG below $125,

According to analyst Murphy, Bitcoin's on-chain chip concentration has approached warning levels recently, with the daily chart showing consecutive doji candlesticks. The analyst expects the market may experience increased volatility over the next one to two months.

According to Nikkei Asia, Toshiba announced on October 2 plans to invest $380 million to double its hard drive production capacity at its Philippine facility by fiscal 2027, aiming to capture growing AI and cloud data center storage demand. The expansion, the company's first major HDD investment in roughly five years, targets doubling annual storage capacity by 2028. The announcement triggered sharp sell-offs in competitors: Seagate Technology (STX-US) plunged 10.21%, while Western Digital (WDC-

According to Lookonchain monitoring, on-chain address netherlol purchased 383 million PUMP tokens valued at approximately $2.4 million for the first time in over a year. Separately, a newly created wallet (GnZqfY) withdrew 189 million PUMP tokens worth $1.18 million from exchange MEXC seven hours ago.

According to Foresight News, Ethena's official account posted a 64-character hexadecimal hash (dbb9a9d565a0e3aec59e775c498afbf8a58dff33b860f977ebe73c59ff868cdc) on October 4 without additional context. The move follows a common crypto practice known as commitment hashing, where projects release a hash of unreleased content beforehand, then later publish the full content; anyone can verify the hash matches the original material, proving the information was predetermined.

According to Bitget, Zama (ZAMA) hit 0.09 USDT intraday on October 4, up 15.99% over the past 24 hours. The token was trading at 0.089 USDT at the time of reporting.

According to Foresight News, Goldpesa protocol suffered an attack recently detected by Slow Mist security team, resulting in a loss of approximately $114,900. The root cause was a validation flaw in GPXHooks' reBalance() function, which failed to verify whether the GPX/USDC currency delta was zero when executing liquidity operations through a shared PositionManager. The attacker exploited this by creating a negative delta through unlock and unsettled MINTPOSITION operations, then triggered rebal