Gate Crypto Flash News and Market Updates

According to Time, a year-long U.S. Senate investigation revealed that major technology companies have been misleading the public about the permanent jobs and economic benefits that AI data center projects bring to communities. While companies routinely highlighted construction jobs during project announcements, many refused to disclose permanent positions upon operational status, with a few citing a ratio of one permanent job per megawatt of capacity—meaning a 100-megawatt facility would employ

According to BlockBeats, on October 10, Papertrade went live on HyperEVM and accumulated $39.9 billion in trading volume within half an hour. Bitcoin and Ethereum perpetual contract open interest totaled $1.27 billion and $890 million respectively. The PAPER token entered emission decay mode as the platform's LP reserve exceeded $2 million, shifting from a fixed 100 PAPER per $1 loss to a declining issuance curve.

According to ChainCatcher, Tom Lee, chairman of Ethereum treasury company Bitmine, predicted in an interview that ETH could reach $2.5,000 to $50,000 during the current cycle, with year-end prices potentially exceeding $5,000. Lee noted that ETH's five-year consolidation may lay the groundwork for larger gains ahead. If Bitcoin reaches above $100,000, Lee sees ETH potentially reaching around $7,500. However, market data shows traders currently assign only a 4% probability to ETH reaching $5,000

According to The Kobeissi Letter, hedge funds' net long exposure to the Magnificent Seven reached 22% as of October 2026, marking an all-time high. The exposure surged 7 percentage points since July, representing the largest three-month increase since 2023, and exceeded the previous record of 21% set in June 2024, compared to just 8% during the 2022 bear market.

According to Odaily, a Texas business court on October 2 dismissed shareholder Gary Guillaume's derivative lawsuit against Coinbase directors, ruling that he failed to submit a written demand to the board beforehand. The court clarified that the dismissal was procedural and did not address the substance of alleged misconduct. Coinbase CEO Brian Armstrong praised the ruling on October 9, stating it demonstrates the advantages of incorporating in Texas.

According to PPP prediction tool, on October 10, a profitable account (0x3eb31daa061a19855cbf0a4884c202fb86976a2a) purchased $81,000 worth of Vitality-beats-Aurora prediction in the CS2 EPL Katowice semifinal. The position opened at an average price of 75.9 cents with 107,208.9 shares. The match begins at 21:45 UTC.

According to China's Foreign Ministry, a 7.6-magnitude earthquake struck Panama on October 10, followed by over 100 aftershocks. The Chinese Foreign Ministry and the Chinese Embassy in Panama confirmed that no Chinese citizens have been reported injured or killed. The embassy will continue monitoring the situation and provide necessary assistance to Chinese nationals who require help. China's Foreign Ministry urged Chinese citizens in Panama to take precautions against earthquake-induced seconda

According to CNBC's coverage of the AI Forum on October 1, Colossal Biosciences CEO Ben Lamm revealed that the company has successfully de-extincted dire wolves, with three pups named Romulus, Remus, and Khaleesi born in 2024. The company is pursuing similar de-extinction efforts for woolly mammoths, dodo birds, Tasmanian tigers, and other extinct species, targeting mammoths for birth in the 2030s. The de-extinction technologies are being adapted for potential applications in human healthcare, i

According to BlockBeats, Papertrade generated $14.4 billion in notional trading volume in under 10 minutes after its launch on October 10. As of reporting time, Bitcoin and Ethereum contract positions reached $3 billion and $2.66 billion respectively.

According to Barron's, SpaceX on Thursday (Oct 8) announced an agreement to acquire wireless spectrum held by Grain Management to fill technology gaps and support Starlink Mobile's expansion as a major U.S. carrier. Morgan Stanley analysts noted the move could create new opportunities for telecom tower operators including American Tower (AMT), Crown Castle (CCI), and SBA Communications (SBAC). On Friday, Crown Castle surged 16%, marking its largest single-day gain since November 2008; American T

According to BlockBeats, Papertrade, a synthetic perpetual protocol built on HyperEVM, officially launched on October 10. Pre-deposits have closed with 11,465 addresses having deposited $138 million.

According to Guru Club, researchers at Israel's Weizmann Institute of Science developed an AI model called Brain-IT that reconstructs images from functional magnetic resonance imaging (fMRI) brain scans. The model requires only about one hour of brain activity data from new subjects, compared to dozens of hours needed by existing methods, while more accurately restoring image content, composition, and color details. The research team also identified 128 image-processing brain regions shared acro

According to TechCrunch, a growing number of AI agents launched or scaled in October 2026 can operate directly through text messages without requiring separate app downloads. These agents can handle tasks including scheduling, reminders, email management, online shopping, and reservations by remembering context and integrating with users' existing apps and services. Instinct, valued at $10 billion after raising $1 billion in September, leads the sector. Other notable agents launched or operating

According to a recent statement from Jack Mallers, the Bitcoin retrieval issue reported by a Strike user was caused by the user identifying an incorrect self-custody address, not a rug pull as claimed. Mallers emphasized that Strike followed all required protocols and procedures correctly. He stated the company is working internally to assist the affected user in recovering their Bitcoin.

According to the Chinese Embassy in Saudi Arabia, on October 10, airports and facilities in Riyadh and other locations were attacked multiple times. King Khalid International Airport issued a notice advising passengers to maintain direct contact with airlines and confirm flight status before traveling to the airport. The embassy urged Chinese organizations and citizens in Saudi Arabia to prioritize safety, comply with local laws, and contact the embassy immediately in case of emergency.

According to the European Mediterranean Seismic Centre, a 5.5-magnitude earthquake struck the Panama region today (October 10).

According to BlockBeats, on-chain analyst Ai detected that two addresses belonging to the same whale withdrew a combined 5,965 ETH from Binance over the past 20 minutes on October 10, with an average withdrawal price of $2,496.95 per ETH, representing approximately $14.89 million in accumulated positions. Notably, the funding source address also transferred similar USDC amounts to several other new addresses, suggesting the whale may plan to continue buying in batches.

According to HTX market data, Solana (SOL) dropped below $110 on October 10, trading at $109.93 with a 24-hour decline of 0.24%.

According to Axios, Anthropic, OpenAI, and other leading AI labs are reportedly preparing contingency plans and running scenarios involving rogue AI attacks on critical infrastructure as of October 9. The scenarios focus on potential disruptions to financial services, internet connectivity, telecommunications, and utilities such as power and water systems. An OpenAI spokesperson confirmed the company conducts preparedness exercises to discuss and work through potential scenarios, stating these a

According to Germany's Federal Ministry of Transport, Tesla renamed its Full Self-Driving (FSD) system to Tesla Assisted Driving (TAD) on October 9 on its official websites in Germany, Belgium, and Denmark. The change reflects regulatory requirements emphasizing that the system assists with acceleration, braking, and steering but does not enable autonomous driving without driver supervision. Germany has not yet approved the system for use, and EU-wide approval remains pending, with the next pote