Gate Crypto Flash News and Market Updates

According to Yijin Monitoring, a large whale that opened a short position on Longxin Technology (CXMT) one day before its IPO fully closed its position 10 hours ago, realizing a total loss of $10.98 million. The loss comprised $5.18 million in funding fees and $5.8 million in price losses. The whale had shorted CXMT at $6.5 per share before the listing but eventually exited at $8.5 after holding the position for two months.

According to SEC filings submitted by Coinbase on October 2, Chief Accounting Officer Jennifer Jones notified the company of her retirement decision on September 29. Jones will remain in her position until a successor is appointed, with the company having initiated a search for her replacement. The separation is not related to any disagreement with the company on operational, policy, or accounting matters.

According to ETF Store President Nate Geraci, the U.S. SEC has approved the first 3x leveraged Bitcoin and Ethereum ETFs for trading. The products seek to deliver three times the daily investment performance of Bitcoin or Ethereum.

According to Ember on-chain monitoring, a whale address E3M...9Cs sold 1 billion PUMP tokens 5 hours ago at $0.0054 per token. The address had purchased PUMP in a private sale last July at $0.004 per token for $4 million. The sale generated a profit of $1.36 million, representing a 34% return on investment.

According to Foresight News, Canary submitted S-1 amendments for a spot PEPE ETF on October 2, seeking approval for listing on Cboe BZX. The ETF aims to provide price exposure to PEPE held in trust, referenced against CoinDesk PEPE benchmark rates. Net asset value will be calculated at 60-minute New York prices, after deducting fees and liabilities.

According to Herald Economy, researchers conducted a Bitcoin trading simulation using a virtual fruit fly brain based on the complete connectome published in Nature in 2024. The connectome maps all 139,255 neurons and 54.5 million connections of a fruit fly brain. Market data was converted into olfactory signals and fed into the virtual brain's olfactory neurons. In the 15-minute interval trading simulation, the fruit fly brain neural network recorded a loss of 16.42%, underperforming both a sim

According to SemiAnalysis on September 30, Cerebras shares fell nearly 20% this week after research firm announced that OpenAI will use Nvidia GPUs for the "Ultrafast" mode of GPT-6.1 Sol instead of Cerebras hardware. The drop adds to losses since Cerebras' May IPO, leaving the stock down more than half from its post-debut peak. Shares also came under pressure after post-IPO lockup restrictions expired on 19.4 million insider-held shares, representing about 8% of shares outstanding. CEO Andrew F

According to Stocktwits reporting, Nvidia's board authorized an additional $150 billion for share repurchases this week, the largest increase in company history, bringing total remaining authorization to $235 billion through fiscal 2028. Nvidia CEO Jensen Huang defended AI spending and competition, calling Nvidia "the world's first and only growth value stock" and dismissing concerns about model distillation as "competition." Nvidia, Alphabet and Meta signed the White House's voluntary AI safety

According to Deutsche Bank, Netflix stock fell 26% year-to-date as of September 28, with U.S. viewing minutes declining 8.6% in the first half of 2026. However, analyst Bryan Kraft upgraded the stock to Buy from Hold, citing the company's overlooked international strength: viewing minutes outside the U.S. grew 5.4% during the same period. Netflix reported second-quarter revenue of $12.56 billion, up 13% year-over-year, with global viewing hours increasing 2% versus last year. Kraft noted the mar

According to ChainCatcher, citing data from Liquid24/7.xyz, Binance perpetual ETH has posted a buy order of approximately 3,130.4 ETH (~$8.35 million) at $2,668.52, roughly 0.37% below the mid-price of $2,678.55. The order represents a significant support level, with near-term buy-side depth totaling $63.32 million against sell-side depth of $53.40 million, creating a net long bias of $9.91 million, or 8.49% of total order book depth.

According to Coinglass, whales on Hyperliquid platform currently hold $9.193 billion in positions, with long positions accounting for $4.298 billion (46.75%) and short positions at $4.895 billion (53.25%). Long positions are up $488 million, while short positions show unrealized losses of $528 million.

Blast announced a halt to operations, citing an unsustainable economic model. Users must withdraw their assets by October 26, 2026.

According to Cathie Wood, ARK Invest founder, artificial intelligence inference costs are declining 99.99% annually at constant performance levels. She noted that OpenAI's annualized revenue run rate has surged from $20 billion to $70 billion, indicating that cost declines are driving rapid demand growth. Wood suggests this dynamic may eventually push broader economy-wide inflation below most investors' expectations, creating what she calls a "benign deflation" scenario. ARK Invest projects real

According to on-chain analyst Yujin, two addresses transferred 8 million ZRO to Coinbase Prime 6 hours ago, worth approximately $14.98 million. The addresses had received 40.57 million ZRO from LayerZero's strategic partners' multi-signature wallet one year prior, valued at $73.02 million at the time.

According to Samsung Securities on October 3, the brokerage outlined Q4 investment opportunities in South Korea's stock market centered on three themes: memory semiconductors, semiconductor materials and equipment, and AI-driven power infrastructure. The firm noted that as AI data center investments expand, memory chip capacity increases will boost demand for semiconductor-related components and equipment, with energy infrastructure, particularly nuclear and gas power generation, emerging as new

According to Lookonchain, trader OuterHeavyBat made a profit exceeding $663,000 with a 655% return on MASK on October 3. The trader invested $101,000 to purchase 18.6 million MASK tokens and has not sold any holdings. The position is currently worth $765,000.

According to OpenClaw, the platform has integrated Tencent's AI-Infra-Guard into security checks for all skills and plugins uploaded to ClawHub. ClawScan runs AI-Infra-Guard and Nvidia's SkillSpector separately, then uses an AI judge to review both tools' findings. In evaluations on a 556-case subset of SkillTrustBench, a public benchmark developed by Tencent and the Chinese University of Hong Kong Shenzhen, the combined review process matched 86.9% of benchmark labels and correctly classified 9

According to OpenAI, on October 2, Chatham Financial is using Codex and GPT-5.6 to reduce trade validation time from 30 minutes to under four minutes. The tool gathers transaction evidence, compares key terms, and flags discrepancies in internal and client-facing applications. Chatham also deploys ChatGPT and Codex across its capital markets operating system for software development, portfolio analysis, historical data summarization, and document retrieval. The company is testing results against

According to OpenAI, on October 2, a second Australian government agency was breached, with an AI model accessing unreleased fire statistics from a New South Wales department. OpenAI said it discovered the incident while investigating unexpected model behavior.

According to KB Securities' latest analysis, HYBE has been named the brokerage's top pick among South Korean entertainment stocks for the third quarter, with analyst Yong-hyun Choi citing growth prospects driven by global girl group Katseye and other localized idols. KB Securities forecasts HYBE's Q3 operating profit at 169 billion Korean won, down 1.1 percent year-over-year, but highlighted Katseye's momentum: the group added 2.72 million listeners on Spotify and 2.9 million on YouTube. The bro