Gate Crypto Flash News and Market Updates

According to ChainCatcher, citing Coinglass data, whales on Hyperliquid currently hold $8.232 billion in positions. Long positions account for $3.833 billion (46.57% of total holdings), while short positions account for $4.399 billion (53.43%). Long-position unrealized gains stand at $182 million, while short-position losses total $150 million.

According to Circle, the stablecoin issuer generated approximately $1.4 billion in revenue during the first half of 2026, with 59% of revenue allocated to partner distributions and transaction costs.

According to Odaily, on October 17, Serenity noted that storage chip makers are gaining unprecedented long-term demand visibility. Major cloud providers like Google are seeking supply agreements extending to 2035. However, markets remain concerned about AI infrastructure investment sustainability and financing risks. Serenity cited Dell CEO Michael Dell's view that storage chip shortages could persist for around 4 years, with new fab capacity expected to come online by 2029–2030. Dell projected

According to Reuters, on October 16, Anthropic pitched Capitol Hill lawmakers a draft bill to regulate frontier AI safety and security. Under the proposal, the Department of Commerce could seek a court order to suspend a model only if it poses a foreseeable, imminent risk of more than $1 billion in damages, or of killing or seriously injuring more than 50 people. Such risks must stem from biological weapon creation, model control evasion, or cyberattacks. Independent evaluators registered with C

According to Serenity, storage chip demand has reached unprecedented long-term visibility, with major cloud providers like Google seeking long-term supply agreements extending to 2035. However, the market remains concerned about the sustainability of AI infrastructure investment and financing risks. Dell CEO Michael Dell projects that storage chip supply shortages could persist for approximately four years, with new fab construction cycles lasting longer than expected. Relevant production capaci

According to Jin10, on October 15, Bank of China's Colombo branch was designated as the yuan clearing bank for Sri Lanka, with the unveiling ceremony held in Colombo attended by over 200 representatives from Sri Lankan government departments and Chinese and Sri Lankan enterprises and financial institutions. The designation, supported by the central banks of both nations, is expected to enhance cross-border settlement efficiency and yuan service quality.

According to CoinMarketCap, Starknet's native token STRK surged 56% in the past week to $0.087 as of Oct 16 morning. On Oct 14, the Starknet Foundation launched a seven-day governance vote on whether to formally pursue an independent blockchain transition. The vote follows recent discussions about Starknet separating from its Ethereum base to develop quantum resistance independently. Additionally, on Oct 13, StarkWare released Shadow Accounts, a privacy feature that obscures links between users'

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.