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
16:10
0

OpenAI Bans PewDiePie Account Twice Over GPT-5.6 Sol Model Distillation

According to ChainCatcher, PewDiePie faced two account bans from OpenAI recently while developing uncensored AI model Ajax. The YouTuber attempted to distill reasoning tokens from OpenAI's flagship GPT-5.6 Sol model (released July 9) and discovered a method to decrypt OpenAI's proprietary API outputs. Though his first appeal was successful, a second ban followed when he used Sol to generate seed data for Ajax, violating OpenAI's terms against developing competing models. Ajax is a 9-billion-para
More
16:09
0

OpenPayd Targets Nasdaq Listing by Year-End at $1.1B Implied Valuation, U.S. Market Entry April 2027

According to ChainCatcher, London-based payment infrastructure company OpenPayd aims to complete its merger with Titan Acquisition Corp. and debut on Nasdaq by year-end, pending SEC registration and shareholder approval, with ticker symbol OP. The transaction values OpenPayd at up to $1.1 billion implied equity. The company plans to launch U.S. customer services in April 2027 after acquiring 43 state money transmitter licenses. For the fiscal year ended April 30, 2026, OpenPayd reported revenue
More
16:02
0

STRK Surges 11.89% to $0.04951 in One Hour

STRK surged 11.89% in one hour, reaching $0.04951 amid broader crypto market volatility. The token climbed from a low of $0.04089 to its current peak, with 24-hour trading volume reaching $5,349,563.29 and a daily gain of approximately 11.06%.
STRK11.01%
16:02
0

Polygon Hits $3 Trillion in Stablecoin Transfer Volume, 55% Within 21 Months

According to Polygon, the network has reached $3 trillion in cumulative stablecoin transfer volume, with $1.67 trillion—representing 55% of lifetime volume—moving in just the past 21 months since January 2025. The network processed $933 billion in 2025, a significant increase from $276 billion in 2024, followed by $741 billion so far in 2026. This acceleration aligns with Polygon's strategic shift toward payments infrastructure, supported by partnerships with major platforms including Revolut, M
More
15:52
0

FDIC Reverses 2024 Merger Framework; Fed Approves 145 M&A Applications in 2025, Up from 99

The FDIC reversed its 2024 Statement of Policy on Bank Merger Transactions, restoring an earlier framework that emphasizes quicker decisions and greater predictability for applicants, according to the agency's latest regulatory update. The previous policy had introduced additional scrutiny around competition, financial stability and community effects, particularly for larger combinations. According to Federal Reserve data, the Fed approved 145 mergers and acquisitions applications in 2025, up fr
More
15:28
0

AI Inference Costs Hit 99.99% Annual Decline, Cathie Wood Says 10-Year Treasury Yield at Historic Midpoint

According to Cathie Wood, CEO and Chief Investment Officer of ARK Investments, on October 3, AI inference costs have achieved a 99.99% annual decline, which will have profound implications for overall economic pricing. Speaking on the latest episode of 'In The Know,' Wood noted that the current 10-year U.S. Treasury yield is at the historic midpoint level, contrasting with the true anomaly period of the 1970s through 1990s.
15:25
0

Trump Pledges $5,000 Dividend to Every U.S. Adult Citizen on October 3, Proposing $1.2 Trillion Economic Stimulus

According to BlockBeats, on October 3, Trump pledged to distribute $5,000 to each adult U.S. citizen if Republicans secure control of both the House and Senate in the midterm elections. The proposal requires all funds to be spent domestically. Based on approximately 240 million U.S. adults, the plan would cost roughly $1.2 trillion, making it one of the largest economic stimulus packages since the COVID-19 pandemic.
More
15:22
0

STRC's 30-Day Volatility Drops to 9%, Below SPY

According to Michael Saylor, STRC's 30-day historical volatility has dropped to 9%, now falling below that of SPY. STRC is a digital credit entity leveraging Bitcoin to create more stable investment opportunities. This volatility reduction is positioned as significant for income investors seeking lower-volatility digital assets.
BTC-0.54%
15:22
0

Binance Launches Financial Intelligence Initiative on October 5 at 12:00 UTC

According to Binance's official announcement on Twitter, the exchange will launch its financial intelligence initiative on October 5, 2026, at 12:00 UTC. The initiative integrates advanced analytics into the platform to enhance user trading experience. A livestream will showcase the new features and highlight their significance for traders and investors.
15:20
0

South Korea Convenes Emergency Financial Industry Meeting Tomorrow to Address AI-Driven Cyberattacks

According to Newsis, South Korea's Financial Services Commission and Financial Supervisory Service announced on October 3 that they will convene an emergency meeting tomorrow (October 4) with CEOs and executives from all financial sectors to address a surge in AI-powered cyberattacks. The meeting, chaired by FSC Chairman Lee Euk-won and attended by FSS Governor Lee Chan-jin, will include representatives from banks, investment firms, insurers, credit specialists, savings banks, and virtual asset
More
15:14
0

Nasdaq Rises 0.45% as Nvidia Authorizes $150B Buyback, Hits May High

Last Friday, U.S. stock indexes delivered mixed weekly results after September's nonfarm payrolls report showed job additions of only 29,000 with unemployment rising to 4.2%, boosting expectations that the Federal Reserve will hold interest rates steady at its October meeting. The Nasdaq climbed 0.45% for the week and hit an intraday all-time high, while the S&P 500 dropped 0.3% and the Dow fell 1.26%, pressured by elevated oil prices and rising bond yields. Nvidia punched through its May all-ti
More
15:13
0

U.S. Nonfarm Payroll Misses 90K, December Fed Rate Hike Odds Hit 66.1% as Next Week's Meetings Loom

According to BlockBeats, on October 3, the U.S. added only 29,000 nonfarm jobs in September, far below the 90,000 expected, while August data was revised down by 133,000. Unemployment rose to 4.2%. CME FedWatch data shows the odds of a December rate hike now stand at 66.1%, with October's hold probability at 83.9%. Next week will focus on the Federal Reserve's September meeting minutes (due Thursday), the G7's planned release of 100 million barrels of crude oil and diesel reserves, and U.S. ISM
More
15:13
0

NEAR Intents Recovers Full $3.8 Million Stolen in Security Breach on Oct. 2

According to FinanceFeeds, NEAR Intents recovered the full $3.8 million stolen during this week's security breach on Oct. 2, with General Manager Alex Shevchenko confirming the assets had been "sent back in full." The return came before the 48-hour deadline offered by the protocol after it identified the alleged attacker. The recovered assets arrived through multiple routes across different blockchains. Public analysis showed approximately 34.59 Bitcoin, representing close to $3 million, moved i
More
NEAR-3.61%
BTC-0.54%
SOL-0.23%
15:08
0

Cathie Wood: Investors Should Track Capital Flows to AI Agents at Robinhood Summit

According to ChainCatcher, ARK Invest CEO Cathie Wood stated at a Robinhood summit in Houston that investors should shift focus from "following developers" to "following agents"—software capable of executing tasks and spending capital, not just answering questions. She emphasized that as AI agents transition from answering to taking financial actions, the infrastructure they use becomes critical. SharpLink co-CEO Joseph Chalom, former head of digital assets at BlackRock, argued that AI agent fin
More
ETH-0.59%
15:08
0

South Korean Securities Firms Issue 3.5 Trillion Won in Subordinated Bonds on October 4

According to the financial investment industry, 10 South Korean securities firms issued or planned 3.5 trillion won in subordinated bonds on October 4 to expand capital for business growth. The issuance supports expansion of retail and investment banking operations, comprehensive investment accounts, and commercial paper business. Hana Securities became the first Korean securities firm to issue dollar-denominated subordinated bonds, raising $300 million with a 30-year maturity and call option af
More
15:08
0

KOSDAQ Breaks Past 900 Points on October 2, Surging 13% Since Early September

South Korea's KOSDAQ Index surged past the 900-point threshold on October 2, reaching an intraday high of 903.49 points before closing at 893.29 points. The rally marks a 13% gain compared to the September low of 790.21 points, signaling renewed investor appetite in mid-cap and small-cap stocks. The rebound has been driven by semiconductor-related supply chain companies and institutional buying, with fund managers and pension funds accumulating positions worth approximately 1.01 trillion won sin
More