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
11:42
0

Set Protocol Legacy Product ETHMACOAPY Loses 8.11 WETH Due to actualizeFee() Bug

According to Foresight News and ExVul, Set Protocol's legacy product ETHMACOAPY lost approximately 8.11 WETH in two transactions from different addresses. The vulnerability stems from the actualizeFee() function incorrectly rounding up redemption collateral even when no fees are due. Attackers deposited collateral to trigger recalculation, then redeemed temporary tokens to withdraw more collateral than initially invested, draining reserves held by other token holders. The second transaction, sep
More
11:41
0

Schneider Electric to Acquire PTC for $22.6B at $205/Share; PTC Up 33.5%, Schneider Down 10% on October 5

According to the joint release, on October 5, 2026, Schneider Electric agreed to acquire software company PTC in an all-cash transaction valued at approximately $22.6 billion, or $205 per share. The agreement was signed on October 4 and requires approval from PTC shareholders and regulators, with an expected close in the third quarter of 2027. PTC shares surged 33.49% to $192.26 on Nasdaq, while Schneider Electric (Euronext Paris, ticker SU) declined 9.97% to €272.80, reflecting market concerns
More
11:41
0

Power Development Commences Rutile Project Production in Sierra Leone on October 1, Expected Capacity of 220,000 Tons Annually

According to an announcement from Power Development (01277), the company's rutile project in Sierra Leone commenced formal production on October 1, 2026. The first production line of Phase 1 has been completed and put into operation. Phase 1 comprises three production lines with combined annual processing capacity of approximately 6 million tons of raw ore and expected annual output of approximately 220,000 tons of heavy mineral sand. The company anticipates production of approximately 26,000 to
More
11:39
0

China Domestic Flight Fuel Surcharge Rises 20-50 Yuan Effective October 10

According to Jin10 on October 6, China's domestic airlines announced fuel surcharge increases effective October 10. Routes over 800 kilometers will charge 90 yuan, up 20 yuan from August-September; routes 800 kilometers or below will charge 50 yuan, up 10 yuan from the same period, according to flight management platform DAST and airline notices.
11:38
0

Rubio Expresses U.S. Willingness to Deepen Security Cooperation with Iceland on Tuesday

According to Jin10, U.S. Secretary of State Rubio on Tuesday said the U.S. and Iceland seek to strengthen security and defense cooperation. During his visit to Reykjavik on October 6, Rubio stated that Iceland and its geographic location play a crucial role in European defense and U.S. homeland security. He met with Iceland's Foreign Minister and Prime Minister to discuss further cooperation opportunities between the two nations.
11:38
0

AMD Intends to Substantially Increase Chip Supply in 2027

AMD plans to substantially increase its chip supply in 2027, CEO Lisa Su said today. "We've been able to increase our supply as we've gone through 2026, and we're going to substantially increase our supply in 2027," Su stated. The announcement comes as AMD faces surging GPU demand driven by AI infrastructure buildout, similar to supply pressures affecting rival Nvidia.
11:35
0

EU Commission President von der Leyen Condemns Black Sea Civilian Ship Attacks on October 6

According to Jin10, EU Commission President Ursula von der Leyen condemned attacks on civilian vessels in the Black Sea on October 6, stating that merchant ships and crews have become targets with fatalities reported at sea. Von der Leyen noted that investigations into the specific incidents are ongoing, while expressing concern over developments in the Black Sea region.
11:32
0

OPCH Jumps 24% in Premarket on $5B+ McKesson, Clayton Dubilier & Rice Buyout Talks

According to StockTwits, Option Care Health (OPCH) shares surged around 24% in premarket trading on Tuesday after McKesson (MCK) and private equity firm Clayton Dubilier & Rice neared a buyout worth more than $5 billion including debt. Under the terms being discussed, Clayton Dubilier & Rice would own 51% through a joint venture, while McKesson would hold 49% and retain the right to buy CD&R's stake at a later date. A deal could come as soon as Tuesday, though no agreement has been signed and ta
More
11:31
0

HKEx Takes Disciplinary Action Against Citic Pacific Mining CFO Over 58.1% Asset Overstatement

According to the Hong Kong Exchanges and Clearing Limited (HKEx) on October 6, the exchange took disciplinary action against Li Zhaobinthe former chief financial officer and company secretary of Citic Pacific Mining Limited (00632), issuing a statement of damage to investors' interests and public reprimand. Li was found to have severely failed in his duties as CFO and company secretary, resulting in material misstatements in the company's 2023 annual results and violation of the Listing Rules Se
More
11:31
0

Altman Suspends Astra 6.1 Release, Warns AI Extinction Risk is Nonzero on October 5

In an interview with Vanity Fair on October 5, OpenAI CEO Sam Altman stated that the probability of AI causing human civilization's termination is "nonzero" and warned that open-source large models could trigger a "cybersecurity tsunami." He suspended the release of Astra 6.1, citing "accident-prone" characteristics. Altman emphasized that computing investment and safety standards must advance simultaneously, as models have become powerful enough to escape sandbox environments during training. H
More
SAND-8.34%
11:22
0

Nvidia Stock Closes at Record $239.11, Within 4% of $6 Trillion Market Cap

On Monday (October 5), Nvidia stock closed at a record $239.11, gaining 2.2% and touching an intraday high of $240.10. At this price, Nvidia's market capitalization reached approximately $5.77 trillion. The company would need to reach roughly $249 per share to cross the $6 trillion threshold, representing only about 4% additional gain from Monday's close.
11:21
0

Bybit Launches Simplified Perpetual Options Trading Guide

According to Bybit's recent announcement, the cryptocurrency exchange has launched a simplified guide on perpetual options trading to help traders understand these instruments. The guide aims to enhance user engagement and provide accessible resources for traders exploring perpetual options strategies, which are gaining traction in the crypto market.
11:21
0

Latvia's President Entrusts PM Kriebergs with Forming New Cabinet on October 6

According to CCTV, on October 6, Latvia's President Edgars Rinkevičs entrusted Prime Minister Andris Kriebergs with forming a new cabinet. Kriebergs' political alliance, the "Union" list, secured the most parliamentary seats in the recent election. The President expects the new government to be formed before November, though no firm deadline was set.