Gate Crypto Flash News and Market Updates

According to ChainCatcher, USDT's smart contract on Ethereum has contained a destroyBlackFunds function since its 2017 deployment that permanently clears the balance of blacklisted addresses. The function, callable only by Tether's multisig owners on Ethereum and Tron, confirms an address is blacklisted, reads its balance, sets it to zero, deducts the amount from total supply, and records the event with no reversal mechanism available. The U.S. Department of Justice described this process in a M

According to securities analysts on October 11, Samsung SDI's small battery division is expected to achieve operating profit of 158 billion won in Q3, marking its first profitable quarter in two years. The overall company is projected to post Q3 operating profit of 239.1 billion won, swinging from a 591.3 billion won loss in the same period last year. The energy storage system (ESS) division drove growth, with sales expected to rise approximately 32% from Q2 as North American operations ramped u

According to TheStreet, Bank of America raised its price target on Marvell Technology (MRVL) to $400 following the chipmaker's October 6 Analyst Day, representing 47.5% upside from the reference price of $271.25. BofA also upgraded its 2028 and 2029 fiscal-year revenue estimates to $200.9 billion and $348.4 billion, respectively, driven by Marvell's product portfolio spanning networking, optical, storage, and custom computing positioned to capture AI infrastructure buildout opportunities. Marvel

According to Coinglass data, the cryptocurrency market saw $66.288 million in liquidations over the past 24 hours, with long positions accounting for $25.1643 million and short positions $41.1237 million. Bitcoin recorded $0.3685 million in long liquidations and $2.8588 million in short liquidations, while Ethereum saw $1.2522 million in long liquidations and $4.2478 million in short liquidations.

According to crypto analyst Drallio, meme coin issuance platforms are maintaining approximately $550 million in daily trading volume as of mid-October, significantly higher than $200 million recorded in mid-July. Trading volume on these platforms peaked at around $1.8 billion in early September, with recent declines still leaving current levels substantially above summer levels.

According to Pump.fun co-founder Alon, the platform will implement major adjustments to its Callout Rewards program, with some changes taking effect starting today. The changes include reducing reward weights for low-cap token callouts, deprioritizing trading volume as the primary reward metric, and shifting focus to measuring actual profits realized by followers. Alon stated the revised mechanism aims to create wealth opportunities for more participants, with future rewards tied to consistent a

According to the U.S. Embassy in Riyadh, U.S. citizens should avoid traveling to King Khalid International Airport on October 11 due to possible travel disruptions. The embassy also noted that U.S. government employees in Saudi Arabia are facing travel restrictions.

According to ChainCatcher citing GMGN data, SOL-based Meme coin CLAUDIA surged past $9 million market cap intraday on October 11, before retreating to approximately $8 million. The token rallied 580% over the day. CLAUDIA is tied to an AI character IP developed by creator Anabology and has drawn attention from a16z co-founder Marc Andreessen. Meme coin prices are volatile and susceptible to market sentiment shifts; exercise caution.

According to OpenAI's statement on October 9, the company terminated three AI safety researchers—Tomek Korbak, Jasmine Wang, and Mikita Balesni—citing violations of sensitive information handling policies and a "major trust breach." The researchers had publicly disputed the company's account on October 8, contending their conduct complied with workplace norms and alleging the dismissals were intended to suppress safety concerns. OpenAI stated the investigation uncovered unauthorized sharing of i

According to AFP, President Trump on October 10 called the Houthi attack on Saudi Arabia's Riyadh airport 'unacceptable' and said he would speak with Saudi Crown Prince Mohammed bin Salman about the incident.

According to TechCrunch, on October 9, Cloudflare acquired Deno, a US-based runtime startup co-founded by Node.js creator Ryan Dahl and Bert Belder, to strengthen its Workers serverless platform. Cloudflare Workers principal engineer Kenton Varda said the acquisition would improve the Workers programming model. The company also open-sourced workerd, the runtime behind Workers. Financial terms were not disclosed.

According to its official data, Papertrade, a synthetic perpetuals protocol on HyperEVM, recorded cumulative notional trading volume exceeding $573 billion since its launch on Oct 11 at 10 p.m. Beijing time. The platform has $33.22 billion in open positions with $20.29 million in total margin requirements across all existing positions.

According to Korea's National Data Hub, exports surged to a record $120.94 billion in September, up 83.5% year-over-year, with semiconductor exports jumping 262.8% and non-semiconductor shipments growing 23%. This marks a broadening recovery beyond semiconductors, with steel, electrical machinery, and base metals exports improving. Meanwhile, South Korea's September employment gains are forecast to slow sharply to under 100,000 from August's 184,000, reflecting weak manufacturing and youth job l

According to consensus compiled by Yonhapinfomax from 12 major domestic securities firms, Samsung E&A's Q3 2026 operating profit is projected at 247.1 billion won, up 40% year-over-year, with revenue at 2.71 trillion won, up 35.56% YoY. The construction company's growth is driven by steady progress on large Middle East petrochemical projects—including Saudi Aramco's Jafurah, Qatar's Ras Laffan, and UAE's Takreer Methanol—and expanded capital expenditures by affiliate Samsung Electronics for semi

According to Saudi-led coalition spokesman Turki al-Maliki, the coalition intercepted and destroyed a ballistic missile launched by Houthis early morning on October 11 in the Hail region of Riyadh Province, Saudi Arabia.

According to Madagascar's Public Health Ministry, on October 10, a foodborne illness outbreak at an enterprise in the capital Antananarivo affected 274 people, with no deaths reported. Sample analysis confirmed the incident as a mass food poisoning event. The ministry stated that employees across multiple work locations at the enterprise were affected, likely from consuming identical meals provided by the same cafeteria.

According to reports cited by CCTV News, the U.S. Department of Defense revised its official count of military deaths related to operations involving Iran upward to 21 on October 10. The adjustment added two non-combat deaths: an Army National Guard major who died in Kuwait in March and a Navy service member who died in September. As of October 9, the updated figures show 21 deaths and 865 military personnel wounded in related operations. Defense officials acknowledged that official casualty rec

According to Jin10 data, a U.S. envoy may visit Moscow within two weeks, according to sources, as diplomatic efforts intensify. Russian President Putin expressed understanding of some U.S. proposals to ease the Ukraine conflict during talks, signaling potential openness to negotiations. Meanwhile, Ukrainian forces struck Russia's Samara oil dispatch station, while Russian attacks on Zaporizhzhia region resulted in 20 casualties over the past 24 hours, Ukrainian officials said.

Panama's government declared a state of emergency on October 10 to coordinate disaster relief and assistance efforts. Government Minister Orillac announced at a presidential press conference that authorities have ordered all government departments and public institutions to remain on standby, mobilize necessary resources, and provide aid to affected residents.

According to the National Oceanic and Atmospheric Administration, the average temperature across the 48 contiguous U.S. states in September 2026 set a new record, breaking the previous high established in 1998 and marking the warmest September since records began in 1895.