Gate Crypto Flash News and Market Updates

According to China Earthquake Network, a 3.7-magnitude earthquake struck near Gaoxian County in Yibin, Sichuan province on October 5 at 1:19 a.m. (coordinates: 28.56°N, 104.66°E). The network notes that this is an automated preliminary report; final results will be confirmed by official rapid assessment.

According to the Ethereum Foundation, the zkAPI system launched on October 1, allowing users to deposit ETH, USDC, or other supported assets into onchain vaults and authorize API usage with zero-knowledge proofs. The system separates the payment relationship from the API request itself: users first deposit funds into a smart-contract vault, then generate a zero-knowledge proof to show they have sufficient balance without revealing their identity. The zkAPI server verifies the proof and issues a

According to Al Masirah TV, Saudi Arabia carried out airstrikes on Yemen's capital Sana'a on October 3. The report did not provide details regarding the targeted sites or casualties, and Saudi authorities have not yet commented on the incident.

According to Salus security researcher on October 5, Revenue Family project involved a malicious authorization vulnerability where attackers exploited user permit signatures to gain unlimited USDG approval. Funds were then transferred via a single transaction using transferFrom, with assets split in an 80-20 ratio to two attacker-controlled addresses.

According to Salus, a security researcher posting on X, the Revenue Family project — claiming to be an X Money withdrawal bridge — exploited malicious authorization to steal user funds. Attackers obtained unlimited USDG authorization by submitting user permit signatures, then called transferFrom within the same transaction to drain funds. The stolen assets were distributed in an 80/20 split to two hacker-controlled addresses. On October 1, the project claimed its social media account was comprom

According to Apple's official statement, the company plans to strengthen Mac privacy controls on Friday by requiring explicit user action to grant third-party applications—including AI agents—full disk access. The new measures will restrict applications' ability to access system files, emails, messages, and browsing history without clear user authorization. Apple warned that the risks associated with granting broad data access permissions to third-party software, particularly AI agents, are risi

According to Yonhapnews, on October 2, Seoul Southern District Court accepted provisional disposition requests from Jooyeon Tech (listed on KOSPI) and KM Pharma (listed on KOSDAQ), suspending the delisting decision's effect until the main lawsuit is finalized. The court ruled that companies lacked sufficient procedural rights and predictability during rule changes. The Financial Services Commission and Korea Exchange had accelerated market cap thresholds from the originally planned 2027 start to

On October 2, Seoul Southern District Court granted preliminary injunctions filed by KOSPI-listed Jooyeon Tech and KOSDAQ-listed KM Pharma, halting delisting proceedings against them pending final judgment. The court ruled that the Korea Exchange lacked sufficient procedural safeguards and foreseeability when accelerating market cap-based delisting criteria. The FSC and Korea Exchange had advanced the application of stricter thresholds to July 2026—from originally planned for 2027 and 2028. Curr

According to Nikkei news, Saudi Arabia and the UAE announced on Thursday they will assist Asian nations in building strategic oil reserves. The announcement came during a ministerial meeting in Manila attended by the Asia Zero Emission Community, a group of 11 countries led by Japan. Both Saudi and UAE government officials will participate in special consultations expected to express cooperation intentions on oil reserves. The framework will be discussed further at the International Energy Forum

According to Kevin Hassett, director of the White House National Economic Council and chief economic advisor to President Trump, Powell should step down from the Federal Reserve Board on October 5. When asked on Fox News' Sunday Morning Futures whether Powell should resign, Hassett stated: "I think it's time for him to leave and respect the independence of the Fed." The remarks followed an internal report highlighting management issues with renovations at the Federal Reserve headquarters.

According to Novosti, Kyiv has begun experiencing power outages.

On Oct. 2, Japan added Russian cryptocurrency exchange Garantex to its asset-freeze list as part of a new sanctions package targeting Russia, following earlier enforcement actions by the United States and European Union. The measures cover 33 Russian entities and 9 individuals; payments and certain capital transactions with listed parties now require Japanese government permission under the Foreign Exchange and Foreign Trade Act. Japan also designated 35 vessels as part of measures targeting mar

According to Jin10, citing Israeli military statement, on October 4, Israeli military chief Zamir announced comprehensive troop expansion plans during a high-level command meeting. The military cited lessons from the October 7, 2023 attack, stating that future strategy will prioritize "preparedness for sudden warfare" and elimination of security threats in their nascent stages. Zamir emphasized that Israel's lack of strategic depth and exposure to multi-front threats necessitate military expansi

According to ChainCatcher, victims of the Drift hack on Solana initiated claims, with verified losses of approximately $295.4 million matched by an initial recovery pool of $3.11 million. Victims can exchange DFX tokens for USDT at a rate of approximately 1.04 cents per dollar lost—meaning $1,000 in losses corresponds to around $10.40 in redemptions. The recovery pool will be replenished by daily net protocol revenue from Velocity (Drift's rebuilt and renamed exchange), up to $127.5 million comm

According to Jin10, on October 5, Israeli Prime Minister Benjamin Netanyahu stated at the Ashdod naval base that Israel will not allow enemies to threaten its Mediterranean maritime routes and ports. Netanyahu announced that the sixth submarine has arrived in Israel and said the military needs additional equipment and vessels. He pledged to make Israel a global leader in maritime defense, both above and below water.

According to Jin10, Turkish foreign policy expert Bilal Samburul commented on October 5 that Ukraine's strikes on Russian energy infrastructure indicate intensifying military operations ahead. Samburul stated that Western powers seek to escalate the conflict to blame the global economic crisis on the Russia-Ukraine war rather than other factors. He also noted that Ukrainian elites and oligarchs have war incentives to consolidate power, leading them to pursue provocative actions against Russia de

According to Jin10, Japan will convene the 222nd Extraordinary Diet Session on October 5, with Prime Minister Takakichi Sanae scheduled to deliver policy addresses at plenary sessions of both the House of Councilors and House of Representatives. The session is expected to run through December 12.

The Independent Community Bankers of America sued the Office of the Comptroller of the Currency on Friday (October 2) in U.S. District Court for the District of Columbia, challenging its authority to grant national trust bank charters to cryptocurrency firms and seeking to void the March 2, 2026 final rule and Interpretive Letter No. 1176. ICBA President and CEO Rebeca Romero Rainey said the charters allow crypto companies to gain federal banking credibility without obligations like FDIC insuran

According to Blockworks, trading volume for tokenized stocks on Solana reached $4.4 billion in September 2026, marking a record monthly high. Raydium and Orca were among the key contributors to the volume surge, as on-chain asset diversity continues to drive growth in this emerging asset category within the Solana ecosystem.

According to Senator Cynthia Lummis, Democrats voted against including memecoins in the Clarity Act despite negotiations to explicitly address memecoins and network tokens in the proposed regulation. Lummis emphasized the necessity of covering these assets to prevent them from falling through regulatory gaps.