Gate Crypto Flash News and Market Updates

According to Clio's U.K. & Ireland Legal Insights Report 2026, nearly 90% of legal professionals in the U.K. and Ireland now use AI, challenging the traditional billable-hour pricing model. Among firms using AI, 80% reported they can handle more work without increasing resources, while over 70% said it reduced costs by automating administrative tasks. Globally, senior legal leaders expect hourly work to decline from 72% of total billing to 44% over the next two to three years, according to Deloi

According to BlockBeats, on October 10, the Ethereum long position held in the address associated with "Machi Big Brother" Huang Li-Cheng saw unrealized losses narrow to $640,000, based on monitoring by TradingBeats. The position comprises 12,000 ETH with an opening price of $2,547.66. The address recorded losses of $7.2 million over the past 7 days and cumulative losses of $33.97 million to date.

According to CNYes, from September 1 to October 6, technology stocks bucked broader market weakness driven by surging interest rates. The SPDR Technology ETF (XLK-US) gained 10% over the period, while the SPDR S&P 500 ETF (SPY-US) rose only 2.3%. In contrast, rate-sensitive sectors declined sharply: the SPDR Real Estate ETF (XLRE-US) fell nearly 7%, the Financial Select Sector ETF (XLF-US) dropped nearly 6%, and the Materials ETF (XLB-US) fell over 4%. The correlation between rising 10-year Trea

According to ChainCatcher citing on-chain analyst Ai Yi, a whale deposited 2,380 BNB (worth $1.85 million) to Binance within 20 minutes on September 23, ostensibly liquidating positions built since that date. The transfer would realize a $73,000 loss on the BNB alone. The whale holds 1,014,020 UNI tokens (valued at $8.91 million, unrealized loss of $1.409 million) and 12,397 LTC (valued at $841,000, unrealized loss of $54,000). Combined losses across the three altcoins total $1.536 million.

According to BlockBeats, on October 2–8, Robinhood Chain's daily transaction volume dropped 42% to 6.2 million transactions compared to September 10–16, while daily active addresses fell 31% to 322,000. During the same period, spot DEX trading volume on the network declined 21% week-on-week to $7.45 billion, and daily average fees plummeted 39% to $65,000, down sharply from the network's peak of $8 million per day in early September.

According to Yi Caai, over 110,000 traders faced liquidations overnight on October 10 as the crypto market accelerated its downturn. Bitcoin plunged over 3% to $83,511, marking its lowest point in a week, while Ethereum fell nearly 5%. SOL declined 3%, and other major tokens including HYPE, XRP, and ZEC dropped over 4%. The market downturn coincided with sharp moves in traditional markets: spot gold fell below $4,100 per ounce, declining 2.26% intraday, and silver broke below $60 per ounce with

According to Blockworks analyst Jake Koch-Gallup on October 10, Ethereum retains strategic advantages as a reserve asset despite facing challenges in value capture and stablecoin market share. Koch-Gallup noted that ETH's valuation incorporates reserve asset and collateral premiums beyond realized economic value, currently trading at approximately 1,100 times the past 12 months of realized revenue. Key metrics include 65% of DeFi total value locked, 45% of on-chain RWA assets under management, a

According to CoinDesk based on growthepie data, Robinhood Chain's daily average transaction volume fell 42% to 6.2 million during Oct. 2–8, compared to 10.8 million transactions Sept. 10–16, with active daily addresses declining 31% to approximately 322,000. Spot trading volume decreased 21% to $7.45 billion over the same period, while daily average network fees dropped 39% to $65,000, significantly below the $8 million peak recorded in early September. Perpetual futures trading bucked the trend

According to the Wall Street Journal, Nvidia on September 28 expanded its stock buyback authorization to $235 billion. However, when factoring in strategic equity investments and employee stock compensation, the company's adjusted free cash flow for the fiscal first half (ended July 26) drops significantly to $217 billion from the reported $699 billion, a 69% decline. The analysis shows that strategic investments resulted in a net cash outflow of $352 billion, while employee stock award taxes an

According to Berenberg analyst Michael Filatov, SpaceX's acquisition of Grain Management's nationwide spectrum portfolio this week could make AST SpaceMobile (ASTS) more strategically relevant rather than simply increasing competitive pressure. The deal grants SpaceX up to 14 MHz of paired spectrum in the 800 MHz band, enabling low-band coverage to complement its existing 2 GHz mid-band spectrum for Starlink Mobile. Berenberg maintained its Buy rating on ASTS, as the analyst sees the company as

According to Coinglass, the Crypto Fear and Greed Index reached 63 today, up 5 points from yesterday. The index is currently in greed territory.

According to Goldman Sachs' October 8 research report, the bank selected ten energy and power stocks with an average upside potential of 27%, all rated buy. The covered stocks include ConocoPhillips, Occidental Petroleum, Diamondback Resources, Quantum Services, Duke Energy, Baker Hughes, Golar LNG, HF Sinclair, TC Energy, and Antero Resources. Goldman Sachs identified two key drivers for the sector: data center demand is boosting the power segment, while LNG expansion opportunities support ener

According to Yahoo Finance, Tesla (TSLA) stock rose over 2% on October 9 as analyst Dan Ives of Yorkville Advisors reiterated an "Outperform" rating and maintained a $500 price target. Ives characterized Tesla as fundamentally an artificial intelligence company, emphasizing autonomous driving, Robotaxi, and Optimus humanoid robots as increasingly critical value drivers. He stated Tesla represents one of the most direct public market plays on embodied AI.

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.