Gate Crypto Flash News and Market Updates

According to Guru Club, Amrita Sen, founder and head of market intelligence at Energy Aspects, said Friday that crude oil futures prices are "severely disconnected" from the reality in the Middle East, with some physical crude oil prices should approach $150 per barrel.

According to Bernstein research on October 10, capital expenditure for building a 1GW AI data center ranges from $34.6 billion to $39.5 billion, depending on accelerator architecture. Nvidia's Vera Rubin architecture represents the highest cost, while OpenAI's custom ASIC Jalapeno is the most cost-efficient. Bernstein cut its cost estimate for Nvidia's Rubin NVL72 enclosure from $9.1 million to $7.52 million, a 17% reduction, primarily reflecting adjustments in HBM pricing and NAND storage capac

According to @lookonchain, 59 ETH worth approximately $146.8K was stolen from a Ledger wallet following a recent security incident involving a hacker known as the 'Ledger Drainer.' The victim had switched to the new wallet after four years of inactivity, which is suspected to have contributed to the breach.

According to Palestinian National News Agency, on October 10, Palestinian President Mahmoud Abbas issued a decree canceling the legislative council elections originally scheduled for November 28, 2026. The presidential and legislative council elections have been rescheduled to take place on September 11, 2027.

According to The Lec, ASML notified Samsung and SK Hynix of a 10% price increase on all spare parts for EUV and DUV lithography systems in early September, with both chipmakers confirming the adjustment after negotiations. The increase covers consumable components purchased regularly as well as core replacement modules including optical systems, light sources, and precision drive units.

According to Yonhap News via PANews, on October 10, South Korea's Financial Commission Chair Lee Ik-yeon defended shareholding restrictions on major shareholders of virtual asset exchanges outlined in the proposed Digital Assets Framework Law. Lee stated the restrictions are not based on external pressure but are necessary because exchanges will transition from a voluntary reporting system to a licensed operational model, requiring them to assume greater public responsibility commensurate with t

According to analyst alicharts, whales accumulated approximately 15,000 BTC over the past 72 hours amid the recent Bitcoin correction. The large holders also increased their positions by over 166,000 ETH and 45 million XRP during the same period, indicating a buying strategy during the market downturn.

According to the Ukrainian General Staff, Ukrainian forces struck Russia's Samara oil dispatch station on October 10, with damage assessment ongoing. The facility serves as a major hub for receiving, storing, and blending crude oil for Russian military supply. Ukrainian officials confirmed that in a previous strike on October 7, four storage tanks at the site were destroyed and a large-scale fire erupted.

According to Rappler, the Energy Regulatory Commission (ERC) approved on October 10 an increase in Meralco's distribution rates from P1.35 to P1.48 per kilowatt-hour (kWh), marking the company's first rate hike in 15 years. The increase of approximately 13 centavos applies to the distribution charge portion of electricity bills, which covers Meralco's operational costs and profits. The ERC reduced Meralco's initial revenue requirement of P532 billion to P342 billion, citing trimmed capital proje

According to Jin10, on October 10, China's securities regulator held a meeting with listed company executives and financial experts to discuss market stability and development strategies. Participants expressed confidence in China's economic outlook and capital market resilience despite near-term challenges. Key recommendations included strengthening market stabilization mechanisms, broadening long-term capital sources and entry channels, accelerating dividend and buyback programs, optimizing IP

According to The Defiant, a wallet linked to the CryptoBilis theft transferred 464 ETH to Tornado Cash today, on-chain data shows. The funds were routed through an intermediary address and then dispersed to four deposit wallets. The source address retains approximately 700 ETH.

According to Bloomberg, Nvidia GPUs climbed to yet another record this week in September, lifting the chipmaker's market cap close to $6 trillion. Companies now access chips through multiple channels including hyperscalers like Amazon, Microsoft, and Google; emerging neoclouds such as CoreWeave; online marketplaces; and direct purchases. Nvidia anticipates $108 billion in revenue for the October quarter, marking an 89% year-over-year jump. Industry research firm SemiAnalysis counted 323 Nvidia G

According to an a16z interview on October 9, former Intel CEO Pat Gelsinger warned that power infrastructure, high-bandwidth memory (HBM), and optical interconnects are becoming critical bottlenecks limiting AI expansion. Gelsinger highlighted that U.S. power capacity has barely grown over 15 years despite increased renewable energy adoption, with annual growth around 4%—insufficient for AI data centers requiring millions of GPUs. He cautioned that data center projects risk default if unable to

According to CoinDesk, one year after the October 2025 crash that triggered $19 billion in liquidations, cryptocurrency markets remain vulnerable to similar events. Bitcoin had fallen from approximately $122,000 to $105,000, driven primarily by derivatives market dynamics rather than on-chain demand shifts. Mark Connors, head of Risk Dimensions, noted that perpetual futures and other leveraged products remain prevalent, and overly concentrated long positions could spark another downturn. He adde

According to Arkham, Morgan Stanley increased its Bitcoin holdings by 91.685 BTC two days ago through its spot Bitcoin exchange-traded fund MSBT. The firm's total Bitcoin position now stands at 10,639 BTC, valued at approximately $880 million.

Hyperliquid, a decentralized perpetual futures platform, has accumulated over $1.4 billion in protocol revenue, with perpetual contracts accounting for approximately 90% of total earnings. The platform's revenue composition highlights its dominance in the derivatives trading segment of decentralized finance.

According to Hong Kong Securities and Futures Commission's financial review report released on October 10, virtual asset trading commissions totaled HK$99.3 million in the first half of 2026, down 13.5% from HK$114.8 million in the second half of 2025. The broader Hong Kong securities industry recorded stronger performance, with total net commission and interest income rising 13% to HK$45.4 billion in H1 2026 from HK$40.1 billion in H2 2025, driven by gains in securities, futures, options, and l

According to Trump's statement on October 10, Russia will immediately supply over 300,000 tons of diesel to the U.S. and global markets, with an additional 500,000 tons scheduled for November and another 1 million tons to follow, according to Trump's account of his talks with President Putin. Russia will further supply 3 million tons of diesel in the short term based on its refinery capacity, Trump said.

According to Ukraine's Energy Ministry, Russian attacks on October 10 caused power outages in parts of Kyiv and surrounding regions.

According to Iran's Farsnews Agency, Iran released video footage on October 10 showing Shahed unmanned drone and Paveh cruise missile attacks on U.S. military targets. The agency stated this marks the first time Iran has publicly disclosed footage of operations using these weapons. The videos showed strikes launched from bases along the Strait of Hormuz.