Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
Today
14:32
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Cysic Bridge Exploit Mints 10 Million CYS Tokens, $727K Flows to Ethereum

According to Bitcoinist, attackers exploited Cysic's cross-chain bridge to mint 10 million unauthorized CYS tokens on BNB Chain. On-chain analysis traced the sale of approximately 7.2 million CYS and the receipt of 306.6 ETH, valued at roughly $727,000 at the time of the incident. The attacker routed proceeds across multiple chains before Cysic suspended the bridge and blocked the associated address. The incident highlights risks in cross-chain token verification, where unauthorized issuance can
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CYS-3.45%
ETH0.46%
14:32
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JPMorgan Plans to Expand JPM Coin to Ethereum for Institutional Payments

JPMorgan is preparing to bring its JPM Coin deposit token to the Ethereum blockchain, expanding its digital payment infrastructure to serve cryptocurrency businesses and financial institutions seeking blockchain-based settlement services. The expansion follows the token's current availability on Base, Coinbase's layer-2 network. Emma Landriault, head of Kinexys Labs at JPMorgan's blockchain division, said Ethereum was selected due to its deep liquidity and established use among institutional cli
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14:31
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Bakkt Appoints Gerry Afentakis as Managing Director for Europe, Taps 20+ Years of Fintech Leadership

According to Bakkt's official Twitter, the digital asset platform has appointed Gerry Afentakis as Managing Director for Europe. Afentakis brings over 20 years of fintech leadership experience and previously led Zodia Custody Europe through its acquisition by Standard Chartered. His role will focus on securing regulatory authorizations and establishing compliance and operational frameworks to support Bakkt's expansion across the European market.
14:31
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Listed Companies Bought $360M in Bitcoin Last Week, Up 1,500%; Strive Accounted for 91%

According to SoSoValue data, listed companies globally accumulated a net $360 million worth of Bitcoin last week (as of Oct 19, 2026), a 1,500% increase from two weeks prior. Asset manager Strive led the purchasing spree, spending approximately $330 million to buy 4,045 BTC at an average price of $81,734. MicroStrategy (now Strategy) contributed $22.1 million for 267 BTC at $82,900, while The Smarter Web Company and Bitmine also announced smaller positions. Collectively, publicly-listed companie
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14:26
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Elon Musk Pledges $10.5B in SpaceX Shares to Every U.S. Child

According to The Verge, reporting on Elon Musk's X post, Musk pledged on October 19 to give one SpaceX share to every U.S. child starting next year, valued at approximately $10.5 billion based on around 72 million children in the U.S. as of July 2025. Musk, who leads SpaceX and Tesla, described the giveaway as "the first of many."
14:23
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Oil Prices Fall 2% After Trump Waives Russia Sanctions, But Hormuz Disruptions Keep Brent Above $107

On October 19, Brent crude prices fell over 2% to $107.57 per barrel after President Donald Trump waived new sanctions and tariffs targeting Russia on October 16, raising expectations of additional Russian fuel exports. However, continuing tanker attacks in the Middle East kept prices elevated. The policy shift, executed via Trump's executive order suspending sanctions under the Lindsey O. Graham Sanctioning Russia and Iran Act, aims to contain rising energy costs. Reuters reported that an oil t
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14:22
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LI.FI Launches Smart Execution Suite to Filter Failed Routes Before Transactions

According to Foresight News, cross-chain aggregation protocol LI.FI has rolled out its Smart Execution suite to all integrators. The suite includes three main features: Quote Simulation filters potentially failing routes by simulating trades before returning on-chain routes; Smart Slippage calculates token-specific slippage tolerance based on real-time market data, replacing uniform slippage settings; and Smart Deposit Addresses generates unique deposit addresses for each transaction, allowing u
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14:22
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Nasdaq Closes Below 50-Day Average on October 16, Signals Potential Continued Weakness

According to Piper Sandler's Chief Market Technician Craig Johnson, the Nasdaq Composite fell below critical technical support levels last Friday, October 16, closing at 26,140 versus the 50-day moving average of 26,631, a decline of 2.1% and the index's largest weekly drop in four months. Johnson noted this pullback differs from previous corrections, with the index also breaking above an uptrend line that had held since March 30, signaling a shift in near-term momentum and what he described as
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14:22
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Fireblocks and Euronet Expand Partnership to Launch Stablecoin Card Issuance Services

According to Fireblocks' announcement, the digital asset infrastructure company has expanded its partnership with Nasdaq-listed payment services provider Euronet (EEFT) to enable financial institutions to issue white-label stablecoin cards. Financial institutions can leverage Euronet's Ren and CoreCard card issuance platforms to embed stablecoin card programs directly into their banking or wallet applications, with Fireblocks providing embedded wallet infrastructure for holding and transferring
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14:22
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Modal Secures $750M Funding at $15.75B Valuation, Backs Nvidia's New CPU

Modal raised $750 million in a funding round led by Accel last week, valuing the AI startup at $15.75 billion and projecting $1 billion in annual revenue. On Monday, the company announced it will support Nvidia's new CPU for the first time, following early tests showing the chip doubled AI agents' workload capacity. Modal's service usage has tripled, with revenue growing over 15 times year-over-year.
14:21
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Solana Front-Running and Sandwich Attacks Surge as 30-40% of Stake Adopts Order Flow Auctions

According to Jito Labs co-founder buffalu, front-running and sandwich attacks on Solana have increased in recent months, coinciding with wider adoption of order flow auctions (OFA) by validator clients and client teams. Buffalu estimates that approximately 30-40% of Solana's staked amount now participates in some form of OFA. While OFA providers claim to implement KYC and anti-front-running safeguards, the effectiveness of these measures relies entirely on trust, with violations typically discov
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SOL1.52%
JTO3.63%
14:19
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Russian Wheat Export Price Falls to $267/Ton as October Shipments Expected to Rise

According to consulting firm IKAR, Russian wheat export prices fell by $1 per ton last week to $267/ton for delivery in late November to early December, with most cargo rerouted to Baltic Sea ports. Shipment volumes are expected to rise in October, IKAR noted. The redirection reflects the closure of Russia's southern ports due to ongoing infrastructure damage from conflicts in the region.