Gate Crypto Flash News and Market Updates

According to Rappler, the Energy Regulatory Commission (ERC) approved on October 10 an increase in Meralco's distribution rates from P1.35 to P1.48 per kilowatt-hour (kWh), marking the company's first rate hike in 15 years. The increase of approximately 13 centavos applies to the distribution charge portion of electricity bills, which covers Meralco's operational costs and profits. The ERC reduced Meralco's initial revenue requirement of P532 billion to P342 billion, citing trimmed capital proje

According to Jin10, on October 10, China's securities regulator held a meeting with listed company executives and financial experts to discuss market stability and development strategies. Participants expressed confidence in China's economic outlook and capital market resilience despite near-term challenges. Key recommendations included strengthening market stabilization mechanisms, broadening long-term capital sources and entry channels, accelerating dividend and buyback programs, optimizing IP

According to The Defiant, a wallet linked to the CryptoBilis theft transferred 464 ETH to Tornado Cash today, on-chain data shows. The funds were routed through an intermediary address and then dispersed to four deposit wallets. The source address retains approximately 700 ETH.

According to Bloomberg, Nvidia GPUs climbed to yet another record this week in September, lifting the chipmaker's market cap close to $6 trillion. Companies now access chips through multiple channels including hyperscalers like Amazon, Microsoft, and Google; emerging neoclouds such as CoreWeave; online marketplaces; and direct purchases. Nvidia anticipates $108 billion in revenue for the October quarter, marking an 89% year-over-year jump. Industry research firm SemiAnalysis counted 323 Nvidia G

According to an a16z interview on October 9, former Intel CEO Pat Gelsinger warned that power infrastructure, high-bandwidth memory (HBM), and optical interconnects are becoming critical bottlenecks limiting AI expansion. Gelsinger highlighted that U.S. power capacity has barely grown over 15 years despite increased renewable energy adoption, with annual growth around 4%—insufficient for AI data centers requiring millions of GPUs. He cautioned that data center projects risk default if unable to

According to CoinDesk, one year after the October 2025 crash that triggered $19 billion in liquidations, cryptocurrency markets remain vulnerable to similar events. Bitcoin had fallen from approximately $122,000 to $105,000, driven primarily by derivatives market dynamics rather than on-chain demand shifts. Mark Connors, head of Risk Dimensions, noted that perpetual futures and other leveraged products remain prevalent, and overly concentrated long positions could spark another downturn. He adde

According to Arkham, Morgan Stanley increased its Bitcoin holdings by 91.685 BTC two days ago through its spot Bitcoin exchange-traded fund MSBT. The firm's total Bitcoin position now stands at 10,639 BTC, valued at approximately $880 million.

Hyperliquid, a decentralized perpetual futures platform, has accumulated over $1.4 billion in protocol revenue, with perpetual contracts accounting for approximately 90% of total earnings. The platform's revenue composition highlights its dominance in the derivatives trading segment of decentralized finance.

According to Hong Kong Securities and Futures Commission's financial review report released on October 10, virtual asset trading commissions totaled HK$99.3 million in the first half of 2026, down 13.5% from HK$114.8 million in the second half of 2025. The broader Hong Kong securities industry recorded stronger performance, with total net commission and interest income rising 13% to HK$45.4 billion in H1 2026 from HK$40.1 billion in H2 2025, driven by gains in securities, futures, options, and l

According to Trump's statement on October 10, Russia will immediately supply over 300,000 tons of diesel to the U.S. and global markets, with an additional 500,000 tons scheduled for November and another 1 million tons to follow, according to Trump's account of his talks with President Putin. Russia will further supply 3 million tons of diesel in the short term based on its refinery capacity, Trump said.

According to Ukraine's Energy Ministry, Russian attacks on October 10 caused power outages in parts of Kyiv and surrounding regions.

According to Iran's Farsnews Agency, Iran released video footage on October 10 showing Shahed unmanned drone and Paveh cruise missile attacks on U.S. military targets. The agency stated this marks the first time Iran has publicly disclosed footage of operations using these weapons. The videos showed strikes launched from bases along the Strait of Hormuz.

According to United24 Media, Ukrainian drones struck Yandex's Kaluga data center in Grabtsevo industrial park within the past 48 hours, marking the second attack on major Russian data infrastructure in two days. Russian state media TASS confirmed that multiple modules of the facility were completely taken out of operation as a result of the strike. The Kaluga facility, which became operational in mid-2023, spans approximately 1.4 million square feet with a 63-megawatt power capacity—roughly 50 p

According to Foresight News, perpetual trading platform Papertrade is set to launch on HyperEVM on October 10 at 22:00 Beijing time with front-end trading enabled. Deposits will be temporarily halted at 21:45 to allow users to deposit in advance. Initial congestion may occur and small-value trades may take longer to confirm. The exchange will enforce a maximum position size of $10 million per atomic position, with floating open interest per market/direction set at $1 billion at launch.

According to ChainCatcher, Strive raised approximately $55 million through SATA preferred shares in the week ending October 5, sufficient to purchase around 638 Bitcoin at the current price of approximately $82,800. SATA recorded total trading volume of approximately $317 million that week, with trade prices above the $100 par value on Monday and Tuesday, then trading below par from Wednesday to Friday, leading to a halt in issuance activity. As of October 2, Strive held 29,462 Bitcoin, having a

According to HTX market data, BNB falls below $750 to trade at $749.79, with a 24-hour gain of 0.97%.

According to BlockBeats, orbio, an AI project in the Robinhood ecosystem, completed a $1.2 million seed funding round on October 10. The project stated it will use the funds to build infrastructure for agent self-configuration of computing, hardware, and private infrastructure.

According to Jin10, China's Ministry of Finance is relaunching 20-year special government bonds on October 16. The competitive auction will involve a total par value of 20 billion yuan with a fixed coupon rate of 2.24%. Interest accrues from July 15, 2026, with semiannual payments on January 15 and July 15 each year. Principal and final interest will be repaid on July 15, 2046. The auction is scheduled for 10:35–11:35 AM on October 16.

According to Gene Munster of Deepwater Asset Management, Apple's iPhone 18 Pro lead times have fallen 31% from their peak earlier in the cycle and are now significantly shorter than the iPhone 17 Pro a year ago. While the Pro initially showed strong demand with lead times 15% longer than last year's model on launch day, they have since declined sharply. Munster attributed the deterioration partly to competition from Apple's new iPhone Duo, noting that he expects the Duo to pull consumers away fr

According to Jin10, China's Ministry of Finance announced on October 10 that it will conduct a second reopening of 3-year fixed-rate bonds for 2026 (Series 17). The competitive tender will offer 120 billion yuan in face value with a coupon rate of 1.23%, matching the previous issuance of the same maturity. The bonds will accrue interest from August 25, 2026, with annual coupon payments on August 25 each year and principal repayment on August 25, 2029. The tender will take place on October 16 fro