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
12:33
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Armada SPAC (XRPN) Surges 273% in a Week Ahead of Evernorth Merger on Oct 7

According to ChainCatcher, Armada Acquisition Corp. II (XRPN), the SPAC driving XRP treasury company Evernorth's public listing, surged 68% on Friday to close at $39.42, marking a one-week gain of approximately 273% from $10.58. The stock briefly touched $53 intraday and rose 9.5% in Monday premarket trading. Evernorth said the merger is expected to complete on October 7 pending remaining conditions. Upon closing, Evernorth will hold approximately 473 million XRP, valued at roughly $714 million
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XRP0.72%
12:33
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Google Gemini Cited in $69K TRON Scam Investigation; Platform Flagged as Safe Before Deposits

According to JP, founder of blockchain forensics firm IOC Investigations, a TRON-based rental scam operated through Tronify.rent collected approximately $69,651 from around 80 victims in September. One victim reported asking Google's Gemini chatbot whether the platform was legitimate before depositing funds, and the AI assistant described the site as appearing safe. The domain was registered on November 25, 2025, and threat intelligence platform PhishDestroy had flagged it as early as February 2
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12:30
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Bitget Stock+ Launches Multi-leg Options Strategies Including Covered Calls and Spreads

According to its official announcement, Bitget Stock+ has launched multi-leg options strategies, including covered call and put, vertical spreads, straddle and strangle, and collar strategies to meet professional traders' hedging, volatility and directional trading needs. The feature supports portfolio margin mechanism, automatically reducing or offsetting margin requirements when options positions hedge existing holdings, improving capital efficiency.
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12:29
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Bitwise NEAR Protocol ETF Attracts $50M in Inflows After September 29 Launch

According to Bitwise Investment Advisers, the company's spot NEAR Protocol ETF (NRR) launched on September 29, 2026, on NYSE Arca, attracting approximately $50 million in inflows during its first two trading sessions. The ETF is designed to hold NEAR directly and seek additional rewards through staking, with a 0.75% annual management fee. Coinbase Custody Trust Company serves as the custodian. Following the launch, NEAR climbed above $5.40, building on a September rally that saw the token gain n
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NEAR2.19%
12:29
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Zcash NU7 Upgrade Activated on Testnet, Targets 25-Second Blocks

Zcash activated its NU7 upgrade on the public testnet today at block 4,465,026, reducing target block interval from 75 seconds to 25 seconds. For services maintaining a three-confirmation policy, the target confirmation time falls to approximately 75 seconds from 225 seconds. The upgrade redirects 60% of transaction fees to a future-reward reserve, reduces per-block rewards to preserve ZEC issuance schedule, and disables Sprout transactions. Developers plan to review testnet results on October 2
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12:25
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Berkshire Hathaway Increases Lennar Stake to 11.2%, Position Worth $2.1B, Buying Pace Slows This Week

According to CNBC, based on SEC filings, Berkshire Hathaway increased its stake in homebuilder Lennar (LEN-US) to 11.2%, with a total position value of $2.1 billion as of Friday's close. The company purchased $53.6 million of Lennar Class A common stock and $330,000 of Class B shares from Monday through Wednesday of this week, but buying activity has noticeably decelerated compared to the previous week's average daily purchase of $58 million.
12:22
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US Department of Energy Prepares $4.2 Billion Financing Package to Boost Vistra Nuclear Output

According to Reuters, the U.S. Department of Energy is preparing a $4.2 billion financing package to help Vistra Corp increase power output at three or more of its nuclear stations. Energy Secretary Chris Wright is expected to announce the deal at Vistra's Perry plant in Ohio. The financing supports nuclear uprates—upgrades to existing reactors that can boost output by 2 to 20 percent without requiring new construction or operating licenses.
12:22
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On-Chain Detective ZachXBT Infiltrates Lazarus-Linked Money Laundering Ring, Helps Freeze $12.7M in Bybit Attack Funds

According to ZachXBT, the on-chain detective infiltrated a money laundering operation linked to North Korea-backed Lazarus Group in February-March 2025, helping freeze funds from that year's $1.5 billion Bybit hack. By posing as a client and gaining the trust of an operator using the alias "Jimmy Green," ZachXBT traced a wallet cluster handling over $12.7 million in stolen Bybit funds across multiple chains including Bitcoin, Ethereum, Solana, and Tron. The investigation identified approximately
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BTC0.90%
ETH0.50%
SOL-0.64%
12:20
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Foxconn September Revenue Hits Record $36.5 Billion on AI Demand

Foxconn reported record September revenue of $36.5 billion, up 38.4% year over year, with third-quarter revenue reaching $95.3 billion, up 47.1% year over year. The Hon Hai Precision Industry unit, a major Apple manufacturer and key Nvidia-based AI infrastructure builder, attributed the surge to strong pull-in momentum in its Cloud and Networking Products business driven by AI server demand. The company expects AI-related operations to continue growing in the fourth quarter alongside the traditi
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12:11
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Hong Kong Plans to Submit Virtual Asset Licensing Bill This Year

According to Secretary for Financial Services and the Treasury Christopher Hui, on October 5, Hong Kong plans to submit legislation this year for licensing virtual asset trading, custody, advisory and management services. Hui outlined the measure during a policy briefing to the Legislative Council's Finance Committee on financial strategies under Hong Kong's 2026–2030 Five-Year Plan. The proposed licensing regime is part of a broader effort to strengthen Hong Kong's position as an international
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VIRTUAL9.58%
12:07
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NVIDIA Hits Record High at $233.95, Market Value Approaching $6 Trillion

According to Uanalyze, NVIDIA (NVDA-US) stock reached a record high on October 2, closing at $233.95, up 1.34%, with market value approaching $6 trillion. The company also announced plans to expand share buyback programs by $150 billion. Based on market consensus, NVIDIA's 2026 EPS is projected at $10.08, while 2027 EPS is estimated at $16.12. At the October 2 closing price, the 2026 forward P/E ratio stands at approximately 23.2 times, while the 2027 forward P/E ratio would be around 14.5 times
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12:07
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Large-Scale Power Outage Hits London's Central and Eastern Districts on October 5

According to CCTV, a large-scale power outage struck central, eastern London and the financial district around 10:30 a.m. on October 5, caused by an underground cable fault. The outage affected thousands of households, office buildings, and critical transport infrastructure across more than 30 postal code areas. Britain's National Grid is conducting emergency repairs, with most areas expected to restore power between noon and 1 p.m.
12:07
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Metaplanet Sold 10,000 BTC and Repurchased 11,000 in Q3 to Prove Bitcoin Liquidity

According to its official filing, Metaplanet sold 10,000 BTC and repurchased 11,000 BTC during the third quarter, resulting in a net gain of 1,000 BTC and bringing total holdings to 44,000 BTC as of September 30. The Tokyo-listed treasury company orchestrated the round-trip transaction to demonstrate to credit rating agencies that it can and will convert Bitcoin into cash to meet financial obligations. CEO Simon Gerovich stated, "We answered by doing it." The company sold Bitcoin exceeding its t
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BTC0.90%