Gate Crypto Flash News and Market Updates

According to Saudi General Authority of Civil Aviation, Riyadh's King Khalid International Airport was struck on October 10 afternoon, killing 12 and injuring 309 people. Following the attack, authorities have temporarily suspended airport operations to conduct damage assessment and safety inspections of the facilities.

According to growthepie data, Robinhood Chain daily transactions fell 42% between October 2 and October 8, averaging 6.2 million compared with 10.8 million during September 10–16. Daily active addresses declined 31% to roughly 322,000 over the same period. Despite the slowdown, more than $1 billion remains deposited across applications on the network, with deposits on lending and trading applications increasing approximately 2% to $1.04 billion. Spot trading volumes weakened 21% to $7.45 billion

According to spokesman Turki al-Maliki, the Saudi Arabia-led multinational coalition destroyed 136 military targets controlled by Yemen's Houthi forces on the evening of October 9. The coalition is conducting large-scale military operations to dismantle the militant group's ballistic missile network and degrade its operational capabilities. Al-Maliki stated the coalition is providing round-the-clock air support to Yemeni government forces.

According to sources, Lone Pine Capital's Cypress hedge fund wiped out nearly all of its first-half gains in Q3, ending September with just 0.6% year-to-date returns despite surging 44% through June. The fund collapsed nearly 25% in July alone, with subsequent months recording further losses that drove Q3 losses to approximately 30%, attributed to incorrect equity positioning and short trades.

According to Yonhapinfomax, U.S. equity markets for the week of October 12-16 will be shaped primarily by inflation data and remarks from Federal Reserve Chair Kevin Walsh. The Labor Department will release September's Consumer Price Index on October 14 and Producer Price Index on October 15. Markets expect headline CPI to rise 0.6% month-over-month and core CPI to climb 0.2%. Walsh will participate in a discussion at the International Monetary Fund and World Bank annual meeting in Bangkok on Oc

According to Russian government statement, Russia partially lifted its diesel export ban on Saturday following an agreement between President Vladimir Putin and U.S. President Donald Trump, allowing 500,000 tons of diesel into international markets. The measure took effect this weekend, easing export restrictions implemented earlier in the year to secure domestic fuel supply. Russian oil companies will begin negotiations with international buyers on export contracts under government coordination

On Saturday, Microsoft CEO Satya Nadella called for establishing an "emergency brake" mechanism for advanced AI models. In a post on X, Nadella stated that enterprises deploying advanced AI should not rely solely on assurances from model developers. "We must assume the model has been compromised and maintain control from the start," he wrote, adding that authorized personnel should always be able to pause or shut down models during task execution.

On Friday (Oct. 9) in New York afternoon trading, the 10-year U.S. Treasury yield rose 1.10 basis points to 5.2378%, while declining 3.28 basis points for the week. The 2-year Treasury yield climbed 2.93 basis points to 4.7869%, down 3.78 basis points on a weekly basis.

According to Saudi Arabian-led coalition spokesman Turki al-Maliki, a projectile fell near King Fahd International Airport in Dammam, located in eastern Saudi Arabia, on the evening of October 10. The coalition official announced the incident via social media.

According to market reports, an attack on Riyadh King Khalid International Airport in Saudi Arabia killed at least 12 people and injured over 50 others.

Last week, U.S. spot Bitcoin, Ether and Solana exchange-traded funds recorded combined net outflows of approximately $1.25 billion in the five trading days ended October 9, reversing broad institutional buying from two weeks earlier. Spot Ether ETFs saw the largest withdrawal at $542.1 million, marking their worst week since January, with BlackRock's ETHA accounting for $477 million of the outflows. Solana funds lost $24.8 million, ending a record 14-week consecutive inflow streak, while Bitcoin

According to CFTC announcement, the Link:NYC conference is set for October 29, 2026, bringing together over 35 senior finance leaders from major institutions including DTCC, Fidelity, Morgan Stanley, Citi, Bank of America, and Robinhood. The event will focus on discussions regarding how value moves in an increasingly AI-driven financial market, with conversations expected to influence future regulatory frameworks for digital assets.

According to French Interior Ministry, authorities recorded 90 cryptocurrency-related cases involving kidnapping, extortion, threats, and violent theft between January 1 and mid-August 2026, equivalent to roughly one incident every 2.5 days. The ministry made 223 arrests and imprisoned 126 people during the same period. Chainalysis analysis found that 93% of victims with known residency were residents rather than tourists, and over 40% of incidents targeted relatives or associates of crypto hold

According to ChainCatcher, Pump.fun, a Meme coin issuance platform on Solana, will adjust its shilling rewards mechanism to tie payouts to followers' actual returns. Starting October 10, the platform will reduce rewards for promoting low-market-cap tokens, according to co-founder Alon.

According to the Ukrainian National News Agency, Russian forces launched airstrikes on Zaporizhzhia region on the morning of October 10, killing 20 people and wounding 32 others. The death toll includes 3 children, while the wounded are receiving medical treatment at hospitals. The airstrikes began at 4:48 a.m. using guided aerial bombs, and search and rescue operations in building rubble are ongoing.

On October 11, according to Jin10, Iran's Foreign Ministry spokesperson Baghaei responded to former U.S. President Donald Trump's statement that destruction of Los Angeles or San Diego would be a "very small price." Baghaei criticized Trump's remarks as "fear politics," stating that the U.S. leadership uses fictional threats to intimidate the public while concealing real dangers posed by its own government's policies. He argued that the true threat comes not from external sources but from a ruli

According to Jin10, Ukrainian President Volodymyr Zelenskyy spoke with leaders from Finland, France, Norway, and the United Kingdom on October 10, calling for increased aid to Ukraine and stricter sanctions against Russia. During the calls with Finnish President Stubb, French President Macron, Norwegian Prime Minister Støre, and UK Prime Minister Badenoch, Zelenskyy updated the leaders on developments in the Russia-Ukraine conflict, discussed challenges posed by the U.S. easing sanctions on Russ

According to MacRumors, Apple disclosed on October 9 that it reached an agreement to hire team members and license technology from personalized audio startup Huxe. The deal, disclosed in a filing with the European Commission, involves employment offers to certain Huxe employees and non-exclusive licensing of the startup's intellectual property. Huxe, founded by former NotebookLM developers, announced its shutdown on May 21 and has since removed its app from distribution.

According to Bloomberg citing Financial Times, Nvidia is in talks to acquire Reflection AI, an open-source AI model developer, on October 11. The deal valuation is approximately $25 billion. Negotiations remain in early stages, with potential forms including talent acquisition, technology licensing, equity stakes, or additional chip and computing resource provisions. Nvidia is already an investor in Reflection AI.

According to Jin10, Panama's government declared a state of emergency on October 10 to respond to a strong earthquake and coordinate disaster relief and aid efforts. The government has established a special committee to coordinate rescue operations and manage aid resources, and set up disaster relief collection points in the capital Panama City. Provincial governments will also accept donations from the public.