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
15:53
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Trump Administration Bars Microsoft and 6 Other Tech Companies From Green Card Program Over Work Visa Abuse

According to Vice President Vance and Labor Secretary Keith Sonderling, on Thursday the Trump administration suspended Microsoft, Cognizant, Infosys, Tata, Wipro, HCL Technologies, and Capgemini from the Permanent Labor Certification Program, citing widespread abuse of the work visa system. Vance stated that Microsoft was the worst offender, saying "no American company has abused this system more than Microsoft." The suspension will remain indefinite until the government determines the concerns
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15:47
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Over $402M in Crypto Liquidations in Past Hour, Ethereum Hits $140M

According to CoinGlass, over $402 million in cryptocurrency positions were liquidated in the past hour, with long positions accounting for $377 million and short positions $25.59 million. Ethereum accounted for $140 million in liquidations, including $127 million in long positions and $12.99 million in short positions.
ETH-3.74%
15:47
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Ethereum Contract Open Interest Falls 7.53% in 24 Hours to $31.8B

According to Coinglass data cited by ChainCatcher, Ethereum contract open interest on major exchanges declined 7.53% over the past 24 hours, falling to $31.795 billion. Binance accounted for $8.899 billion of the total, followed by Bybit at $2.244 billion and Gate at $1.957 billion.
15:44
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Machi Big Brother Reduces 16,600 ETH Positions Within an Hour on Oct 8, Realizes $2.63M in Losses

According to Hyperliquid data, Machi Big Brother (Huang Lizhen) reduced approximately 16,600 ETH long positions progressively since 11 PM UTC on October 8, realizing losses of approximately $2.63 million. As of press time, he maintains 10,000 ETH long positions valued at approximately $24.5 million, with an average entry price of $2,626.94 per ETH and an unrealized loss of approximately $1.77 million.
ETH-3.74%
15:44
0

Astroport Ends Tokenholder Governance on Neutron and Terra

According to The Defiant, Astroport has ended tokenholder governance on Neutron and Terra networks. The protocol will now be operated by contributors through DAO DAO. vxASTRO token holders can still unlock their tokens through normal processes, while ASTRO token emissions will drop to zero.
15:43
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ECB September Rate Hike Gains Broad Support, October Hike Unlikely: ING

According to ING economist Carsten Brzeski, the European Central Bank's September rate hike gained broad support among policymakers, but internal discussions were more balanced than ECB President Christine Lagarde suggested, making another hike in October unlikely. Some officials believe energy shocks may be shorter-lived than assumed, while others question the eurozone's resilience to energy disruptions. Rising bond yields are also strengthening the case against further rate increases, with Brz
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15:43
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Deus X Capital to Unwind Operations by January 31, 2027; CEO Shifts to AI Infrastructure

Deus X Capital, the cryptocurrency and fintech investment firm that launched with $1 billion in assets in October 2023, ceased operations and plans to formally unwind on January 31, 2027. The firm reported annualized returns of 36.5% since inception. Chief Investment Officer Stuart Connolly will oversee the transition, while portfolio companies including Alpha Lab 40, Cor Prime and Deus X Markets are expected to continue operating. CEO Tim Grant is moving to AI infrastructure company TensorX, wh
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15:43
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El Salvador Expands Bitcoin Holdings to 7,798 BTC Worth Over $643 Million

According to ChainCatcher, El Salvador's National Bitcoin Office disclosed that over the past 7 days the country added 7 Bitcoin to its reserves, bringing total holdings to 7,798 BTC valued at over $643 million. The nation continues executing its daily 1 BTC accumulation strategy. The International Monetary Fund recently approved a waiver for El Salvador despite concerns over public sector cryptocurrency holdings, citing corrective measures and new commitments. The IMF had previously requested t
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BTC-2.06%
15:42
0

COTI Declines 7.17% to $0.01242 in 30 Minutes

In the last 30 minutes, COTI's price fell 7.17% to $0.01242, with trading volume reaching approximately $1,479,166.54. Over the past 24 hours, COTI has declined 4.46%, fluctuating between $0.01242 and $0.01353, reflecting broader cryptocurrency market volatility.
COTI-3.49%
15:40
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Makigai Cuts Another 10,000 ETH, Cumulative Loss Reaches $4.107 Million

According to ChainCatcher, on-chain analyst Ai Yi detected that crypto trader Makigai reduced his ETH position by 10,000 tokens recently, bringing his cumulative loss on this single-coin trade to $4.107 million. His realized losses from liquidated positions amount to $1.812 million, while his remaining 14,500 ETH position carries unrealized losses of $2.336 million at a liquidation price of $2,442.16.
ETH-3.74%
15:37
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Zim Street Denies Delaying India Market Probe, Seeks SEBI Stock Order Logs

According to the legal filing, Zim Street denied having any incentive to delay India's Securities and Exchange Board (SEBI) investigation into alleged market manipulation, citing its need to protect global reputation. The company's attorney Darius Cambata stated that Zim Street has already paid 4.84 billion rupees in fines and is currently not conducting any trading operations in India. Zim Street also requested access to all stock order logs reviewed by SEBI, arguing the data could clarify whet
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15:35
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South Korea Recalls Ambassador to Ukraine on October 8

According to South Korea's Foreign Ministry, on October 8, South Korea decided to recall its ambassador to Ukraine. The ministry stated the government expects pending bilateral issues to be resolved and will continue consultations with Ukrainian counterparts.