Gate Crypto Flash News and Market Updates

According to Blockworks analyst Jake Koch-Gallup on October 10, Ethereum retains strategic advantages as a reserve asset despite facing challenges in value capture and stablecoin market share. Koch-Gallup noted that ETH's valuation incorporates reserve asset and collateral premiums beyond realized economic value, currently trading at approximately 1,100 times the past 12 months of realized revenue. Key metrics include 65% of DeFi total value locked, 45% of on-chain RWA assets under management, a

According to CoinDesk based on growthepie data, Robinhood Chain's daily average transaction volume fell 42% to 6.2 million during Oct. 2–8, compared to 10.8 million transactions Sept. 10–16, with active daily addresses declining 31% to approximately 322,000. Spot trading volume decreased 21% to $7.45 billion over the same period, while daily average network fees dropped 39% to $65,000, significantly below the $8 million peak recorded in early September. Perpetual futures trading bucked the trend

According to the Wall Street Journal, Nvidia on September 28 expanded its stock buyback authorization to $235 billion. However, when factoring in strategic equity investments and employee stock compensation, the company's adjusted free cash flow for the fiscal first half (ended July 26) drops significantly to $217 billion from the reported $699 billion, a 69% decline. The analysis shows that strategic investments resulted in a net cash outflow of $352 billion, while employee stock award taxes an

According to Berenberg analyst Michael Filatov, SpaceX's acquisition of Grain Management's nationwide spectrum portfolio this week could make AST SpaceMobile (ASTS) more strategically relevant rather than simply increasing competitive pressure. The deal grants SpaceX up to 14 MHz of paired spectrum in the 800 MHz band, enabling low-band coverage to complement its existing 2 GHz mid-band spectrum for Starlink Mobile. Berenberg maintained its Buy rating on ASTS, as the analyst sees the company as

According to Coinglass, the Crypto Fear and Greed Index reached 63 today, up 5 points from yesterday. The index is currently in greed territory.

According to Goldman Sachs' October 8 research report, the bank selected ten energy and power stocks with an average upside potential of 27%, all rated buy. The covered stocks include ConocoPhillips, Occidental Petroleum, Diamondback Resources, Quantum Services, Duke Energy, Baker Hughes, Golar LNG, HF Sinclair, TC Energy, and Antero Resources. Goldman Sachs identified two key drivers for the sector: data center demand is boosting the power segment, while LNG expansion opportunities support ener

According to Yahoo Finance, Tesla (TSLA) stock rose over 2% on October 9 as analyst Dan Ives of Yorkville Advisors reiterated an "Outperform" rating and maintained a $500 price target. Ives characterized Tesla as fundamentally an artificial intelligence company, emphasizing autonomous driving, Robotaxi, and Optimus humanoid robots as increasingly critical value drivers. He stated Tesla represents one of the most direct public market plays on embodied AI.

According to the China Earthquake Networks Center, a 6.0-magnitude earthquake struck near Panama on October 10 at 12:14 local time, with coordinates at 7.53°N, 80.77°W. The center noted that the final magnitude determination is pending formal analysis.

According to BlockBeats, on October 10, XRP Ledger fixed a payment system vulnerability potentially dating to 2015 that allowed attackers to generate and spend large amounts of XRP, circumventing the 100 billion XRP supply cap. Researchers Cayden Liao and Veria AI reported the flaw on September 22. RippleX confirmed the attack vector and verified that generated XRP could be spent in subsequent transactions. RippleX stated no evidence exists of the vulnerability being exploited on any public netw

According to Guru Club, Jieyue Starmind's Step 5 Preview model topped OpenRouter's Trending chart on October 10 and ranked second globally on the daily ranking. The model is scheduled to launch as open source on October 15, according to official statements.

According to Guru Club, Meitu Chairman Wu Xinhong disclosed on October 10 that the company has established 10 AI innovation studios over the past year. AI products Picchi and MVLAND have each achieved product-market fit (PMF), with Picchi's annual recurring revenue (ARR) reaching $1.11 million and MVLAND's ARR reaching $680,000 as of October 9.

According to @lookonchain, three dormant wallets recently transferred 2,903 ETH to Coinbase, with the deposit valued at approximately $7.22 million. The wallets had been inactive for over nine years and originally acquired the ETH at $9.90, realizing a profit of around $7.19 million from the transfer.

According to Foresight News, a trader withdrew 1.79 million UNI tokens (approximately $13.18 million) from Venus Protocol 1 hour ago and deposited them into Binance, according to Lookonchain monitoring data.

According to Nomura Securities, Kimi's annualized recurring revenue reached $1.2 billion in September, with its K2.8 Preview low-cost model contributing an estimated 40-45%, surpassing flagship K3's 30-35%. Bloomberg previously reported that Kimi's annualized recurring revenue exceeded $1 billion in August, with a year-end target of $2 billion. K2.8 Preview, launched on September 11, is priced lower and targets programming and daily agent tasks.

According to Foresight News, the U.S. Commodity Futures Trading Commission (CFTC) released a final rule excluding casino betting products—including sports betting and casino game wagering—from the regulatory definition of 'Swap.' CFTC Chair Michael S. Selig stated that casino betting products do not constitute derivatives under the agency's framework.

According to BlockBeats and HTX data, gaming sector tokens rallied on Oct 10 in a 24-hour surge. MAGIC led the gainers with a 134% spike, pushing its market cap to $53 million. PIXEL followed with a 28% gain, bringing its market cap to $27 million.

According to China Maritime Safety Administration, Wenzhou Maritime Bureau issued a navigational warning on October 13–15, prohibiting entry to waters east of Ouzhou Sandbank during military training exercises. Specific closure periods: October 13 (1:30 p.m.–3:30 p.m.), October 14 (2:30 p.m.–4:30 p.m.), and October 15 (3:30 p.m.–4:30 p.m.).

According to Nomura Securities report cited by Beating AI, Moonshot AI is developing a large language model with 5-6 trillion parameters, nearly double the scale of Kimi K3 released in July 2026. The upcoming Kimi K3.1 is planned for release by mid-October, with enhanced Agent capabilities for extended task completion. The model will be further optimized through additional training and real-world task data.

According to BlockBeats, on October 8, a whale account (0xf517) withdrew its $50 million buy wall at 81,234 USD just as Bitcoin price approached, repositioning the order lower to $77,888 USD—a downward shift of approximately 4.1%. The account's earlier support at 81,000-81,500 USD then collapsed, with BTC subsequently falling to 80,351 USD the following morning. After multiple rounds of position adjustments, the account realized approximately $166,000 in trading gains while net-selling roughly $

According to Macquarie strategists Thierry Wizman and Gareth Berry, nearly all major financial crises over the past 50 years have followed sharp bond yield fluctuations, which strain balance sheets of financial institutions and highly leveraged borrowers. The U.S. 10-year Treasury yield recently hit its highest level since 2002, while French, Italian, Indonesian, Japanese, and South Korean government bond yields have each risen at least 100 basis points this year. Macquarie cited past crises inc