Gate Crypto Flash News and Market Updates

According to on-chain analyst Specter, Ledger users became the target of a large-scale theft attack on October 9, with cumulative losses exceeding $86 million. Funds were stolen from hundreds of victim wallets across Ethereum, Tron, and Bitcoin blockchains, as reported on X and Reddit. The analyst disclosed multiple suspected addresses involved but the exact attack vector and number of affected users remain unconfirmed.

According to BlockBeats reporting on October 9, Morgan Stanley set a target price of $300 for SpaceX and maintained an overweight rating, citing the company's exposure to artificial intelligence infrastructure, satellite communications, and advanced manufacturing trends. The bank projects SpaceX will operate 4.9 gigawatts of AI compute capacity by the end of 2027, with an ultimate target near 10GW. Morgan Stanley estimates that each new gigawatt of compute capacity could add approximately $27 pe

Canada's part-time employment declined by 32,900 in September, according to official labor statistics, compared to a loss of 5,800 in the previous month.

According to reports today (October 9), the European Central Bank plans to introduce the digital euro in the second half of 2029 with expanded use cases covering online shopping across the eurozone, select physical retail stores, and peer-to-peer transfers. An internal ECB presentation indicates the central bank is broadening the initial rollout scope to accelerate the development of a digital payment ecosystem spanning online, offline, and personal transfer scenarios. The document notes that ph

Canada shed 68,300 jobs in September, significantly undershooting the forecast of 9,200 positions added, according to official employment data. The decline marks a deterioration from August's downward revision of 41,700 jobs lost.

According to KuCoin, the exchange will disable Stargate Finance (STG) trading at 09:00 UTC on October 10, 2026, as the completed token merge to LayerZero (ZRO) takes effect. STG deposit services remain disabled, and withdrawals will cease at 10:00 UTC on the same day. ZRO trading, deposit, and withdrawal services will not be affected by the transition. All STG holders on KuCoin will be automatically included in the merge process.

According to analyst forecasts as of Thursday's close, major U.S. banks are set to report nearly $190 billion in combined third-quarter equity trading revenue when they release earnings next week. Goldman Sachs is predicted to lead with $5.1 billion in equity trading revenue, followed by Morgan Stanley at $4.9 billion, JPMorgan Chase at $4.5 billion, and Bank of America at $2.6 billion, according to Odaily.

According to Odaily Daily and chain sleuth Specter, hundreds of Ledger users' wallets were recently compromised, with stolen funds detected across Ethereum, TRON, and Bitcoin networks. The compromised addresses received transfers from victims' wallets totaling over $86 million.

According to Bloomberg, Ripple co-founder and crypto billionaire Chris Larsen has disclosed at least $22.5 million in direct donations to federal candidates and super PACs during the current U.S. midterm election cycle, with plans to increase his political spending. Larsen, now one of America's major federal political donors, has focused his contributions on artificial intelligence, clean energy, cryptocurrency, and wealth tax-related issues.

According to Jin10, Australia's government will submit final rules next week requiring liquefied natural gas exporters to retain up to 20% of total production for domestic supply. The domestic gas reservation plan is set to take effect on July 1, 2027, to address anticipated natural gas supply tightness on the country's east coast by the end of the decade.

According to a previously undisclosed Binance internal report cited by the Wall Street Journal, a network linked to Iranian businessman Babak Zanjani—designated by U.S. and Israeli authorities as operating a covert payment system for Iran's Islamic Revolutionary Guard Corps (IRGC)—engaged in approximately $850 million in trading across 21 accounts on Binance, with at least $67 million flowing to IRGC-related wallets. Binance responded that it identified the activity months ago and took action, f

According to Bloomberg, Ripple co-founder and Chairman Chris Larsen has criticized the crypto super PAC Fairshake over its decision to invest $30 million against Ohio Democrat Sherrod Brown in the current election cycle. Larsen, who has donated at least $22.5 million to Fairshake and federal candidates this cycle, responded by personally contributing $4 million to Brown's campaign, stating that Brown does not oppose the crypto industry. Ripple has donated a cumulative $93 million to Fairshake, i

According to Washington Post, on October 9, the Trump administration shifted its approach to Iran's economy from pursuing short-term impact to long-term attrition, after economic sanctions and port blockades failed to force Tehran to accept U.S. negotiating terms. Treasury Secretary Bessent had previously predicted Iran Air would cease international operations by end of September, but the target was not met. Despite U.S. blockade constraints on new Iranian oil exports, Iran continues selling pre

Gate News message, trader AguilaTrades(@AguilaTrades) returned to the cryptocurrency market after more than 6 months of trading inactivity, only to experience liquidation and lose $545K in just one day. According to data from Lookonchain, AguilaTrades was liquidated approximately 10 minutes before the initial report. The trader encountered losses on both sides of the market - first losing $331K on a long position in $BTC, then switching to a short position and getting liquidated once again.

According to Bloomberg ETF analyst Eric Balchunas, concerns over concentrated gains in U.S. stocks are not new. Citing 100 years of market data, he noted that only 4% of stocks have generated all net wealth gains in American equities, while roughly half of all companies have underperformed U.S. Treasuries over the long term. Balchunas highlighted that today's mega-cap tech giants differ from traditional large-cap firms through massive acquisition strategies. Microsoft and Alphabet each own appro

According to Longgyuan Power (00916)'s official statement, the company completed cumulative power generation of 56.25 million MWh for the first nine months of 2026, down 0.52% year-over-year. In September alone, the company generated 5.67 million MWh, up 7.08% compared to the same period in 2025, driven by wind power output growth of 3.20% and solar generation growth of 20.21%.

According to CNBC, Blockchain.com applied for designated contract market (DCM) and futures commission merchant (FCM) licenses from the U.S. CFTC on October 9. Upon approval, the platform will offer U.S. users event contracts and crypto derivatives trading. The company currently provides prediction market access through Polymarket and perpetual futures contracts via Hyperliquid to international users.

According to BlockBeats, Kraken is investigating a margin data display anomaly on Oct 9, affecting some web and app users. The exchange has not yet disclosed details regarding the scope of impact, root cause, or repair timeline.

Germany's economy minister announced on October 9 that the country will release up to 15 million barrels of oil and petroleum products from its strategic reserves.

According to The Rundown, on October 9, three fired OpenAI safety researchers—Tomek Korbak, Jasmine Wang, and Mikita Balesni—went public with their response, denying claims of mishandling sensitive information. In an open letter, the trio warned that their firings could chill OpenAI's safety culture and potentially allow the company to avoid embedding outside auditors, as it had previously pledged to do. OpenAI has stated the firings were based on a pattern of misconduct rather than concerns-rai