Gate Crypto Flash News and Market Updates

According to the China Earthquake Networks Center, a 6.0-magnitude earthquake struck near Panama on October 10 at 12:14 local time, with coordinates at 7.53°N, 80.77°W. The center noted that the final magnitude determination is pending formal analysis.

According to BlockBeats, on October 10, XRP Ledger fixed a payment system vulnerability potentially dating to 2015 that allowed attackers to generate and spend large amounts of XRP, circumventing the 100 billion XRP supply cap. Researchers Cayden Liao and Veria AI reported the flaw on September 22. RippleX confirmed the attack vector and verified that generated XRP could be spent in subsequent transactions. RippleX stated no evidence exists of the vulnerability being exploited on any public netw

According to Guru Club, Jieyue Starmind's Step 5 Preview model topped OpenRouter's Trending chart on October 10 and ranked second globally on the daily ranking. The model is scheduled to launch as open source on October 15, according to official statements.

According to Guru Club, Meitu Chairman Wu Xinhong disclosed on October 10 that the company has established 10 AI innovation studios over the past year. AI products Picchi and MVLAND have each achieved product-market fit (PMF), with Picchi's annual recurring revenue (ARR) reaching $1.11 million and MVLAND's ARR reaching $680,000 as of October 9.

According to @lookonchain, three dormant wallets recently transferred 2,903 ETH to Coinbase, with the deposit valued at approximately $7.22 million. The wallets had been inactive for over nine years and originally acquired the ETH at $9.90, realizing a profit of around $7.19 million from the transfer.

According to Foresight News, a trader withdrew 1.79 million UNI tokens (approximately $13.18 million) from Venus Protocol 1 hour ago and deposited them into Binance, according to Lookonchain monitoring data.

According to Nomura Securities, Kimi's annualized recurring revenue reached $1.2 billion in September, with its K2.8 Preview low-cost model contributing an estimated 40-45%, surpassing flagship K3's 30-35%. Bloomberg previously reported that Kimi's annualized recurring revenue exceeded $1 billion in August, with a year-end target of $2 billion. K2.8 Preview, launched on September 11, is priced lower and targets programming and daily agent tasks.

According to Foresight News, the U.S. Commodity Futures Trading Commission (CFTC) released a final rule excluding casino betting products—including sports betting and casino game wagering—from the regulatory definition of 'Swap.' CFTC Chair Michael S. Selig stated that casino betting products do not constitute derivatives under the agency's framework.

According to BlockBeats and HTX data, gaming sector tokens rallied on Oct 10 in a 24-hour surge. MAGIC led the gainers with a 134% spike, pushing its market cap to $53 million. PIXEL followed with a 28% gain, bringing its market cap to $27 million.

According to China Maritime Safety Administration, Wenzhou Maritime Bureau issued a navigational warning on October 13–15, prohibiting entry to waters east of Ouzhou Sandbank during military training exercises. Specific closure periods: October 13 (1:30 p.m.–3:30 p.m.), October 14 (2:30 p.m.–4:30 p.m.), and October 15 (3:30 p.m.–4:30 p.m.).

According to Nomura Securities report cited by Beating AI, Moonshot AI is developing a large language model with 5-6 trillion parameters, nearly double the scale of Kimi K3 released in July 2026. The upcoming Kimi K3.1 is planned for release by mid-October, with enhanced Agent capabilities for extended task completion. The model will be further optimized through additional training and real-world task data.

According to BlockBeats, on October 8, a whale account (0xf517) withdrew its $50 million buy wall at 81,234 USD just as Bitcoin price approached, repositioning the order lower to $77,888 USD—a downward shift of approximately 4.1%. The account's earlier support at 81,000-81,500 USD then collapsed, with BTC subsequently falling to 80,351 USD the following morning. After multiple rounds of position adjustments, the account realized approximately $166,000 in trading gains while net-selling roughly $

According to Macquarie strategists Thierry Wizman and Gareth Berry, nearly all major financial crises over the past 50 years have followed sharp bond yield fluctuations, which strain balance sheets of financial institutions and highly leveraged borrowers. The U.S. 10-year Treasury yield recently hit its highest level since 2002, while French, Italian, Indonesian, Japanese, and South Korean government bond yields have each risen at least 100 basis points this year. Macquarie cited past crises inc

According to Jin10, India's central bank launched a special foreign exchange window on October 10 to support the rupee's exchange rate. The Reserve Bank of India (RBI) will supply U.S. dollars to three state-owned oil companies through designated banks, with the window beginning on Monday. The move aims to meet the daily dollar requirements of these petroleum firms as part of measures to stabilize the currency.

According to BlockBeats, on October 9, the U.S. Treasury's OFAC issued General License No. 135, permitting sales, deliveries, and imports of Russian-origin diesel through April 7, 2027. President Trump announced a phased increase in diesel supply totaling approximately 4.8 million tons. On-chain whale traders on Hyperliquid established a long crude oil and short diesel position, capitalizing on the anticipated spread narrowing. NYMEX near-month ultra-low sulfur diesel crack spreads against WTI n

According to Liquid247.xyz, Coinbase's spot Bitcoin market today has a sell order of approximately 61.63 BTC placed at $82,871, valued at roughly $5.11 million and trading 0.42% above the mid-price of $82,523. The sell-side depth at the exchange near-term totals approximately $23.42 million against buy-side depth of $23.29 million, with sellers outweighing buyers by about $538,000, or 1.16% of total order book depth.

According to Phased data, U.S. spot Bitcoin ETFs recorded net inflows of $21.1 million on October 9, ending a two-day outflow streak. BlackRock's IBIT led with $22.4 million in inflows, while other products collectively saw $1.3 million in outflows. The 5-day period from October 5–9 recorded net outflows of $678.9 million, though cumulative inflows since January 2024 reached $5.72 billion.

According to Farside, U.S. spot Ethereum ETFs saw net outflows of $56.1 million on October 9 (U.S. Eastern Time). Over the past five trading days (October 5–9), total outflows reached $542.2 million, with iShares ETH ETHA (BlackRock) accounting for the single largest outflow of $56.1 million on the day. The ETFs have posted net outflows for nine consecutive trading days since September 29, with cumulative outflows of $697.4 million during that period.

According to GF Securities analyst Jeff Pu, NVIDIA is evaluating the adoption of Intel Foveros advanced packaging for part of its Feynman GPU backend in the second half of 2028, though no contracts or final product decisions have been made. Intel's advanced packaging portfolio includes EMIB, Foveros, and Foveros Direct, with the company actively pursuing AI customers. Intel's 14A process is expected to reach high-volume production in H2 2028, aligning with Foveros development timelines. The move

According to Guru Club, Meta's engineering team introduced CRAM (Compressed RAM), a novel memory compression architecture, on October 10 at the Linux Plumbers Conference in Prague. In read-only scenarios, CRAM achieves 4.89 billion operations per second, delivering 452x higher throughput than existing ZRAM solutions and approaching native DRAM speeds. The core innovation places compressed data directly in memory as physical memory rather than as a block device, bypassing the software overhead of