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
17:20
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Tether Paid Bo Hines' Company $6.3M While He Served in White House, WSJ Reports

According to The Wall Street Journal, Tether paid Nxum Capital, an investment firm co-founded by Bo Hines, $6.3 million for consulting services while Hines served as the Trump administration's executive director for digital assets policy in 2025. The funds were transferred from Tether's sister company Bitfinex through intermediary Peter Vincer, with the first $2.49 million payment on May 11, 2025. A Nxum representative told WSJ that Hines "did not receive any Tether-derived funds during that per
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17:17
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U.S. Central Command Refutes Three Iranian Claims in 24 Hours; Container Ship Sank, 40 Vessels Transit Strait

U.S. Central Command refuted three Iranian claims over the past 24 hours. The Iranian Islamic Revolutionary Guard Corps falsely claimed a Singapore-flagged container vessel struck a mine in the Strait of Hormuz on Wednesday; in fact, the vessel GFS Pride was struck by a projectile fired by the Iranian Revolutionary Guard Corps and sank while being towed. Over 40 commercial vessels continued transiting the Strait in the 24 hours following the attack. The Iranian military also falsely claimed to h
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17:13
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Apple and Meta Collaborate to Run Muse Spark Open AI Model on Mac Studio

According to CNBC, Apple and Meta revealed a collaboration Thursday enabling developers to run Meta's Muse Spark Open on Apple's Mac Studio computers. The 816-billion-parameter open-weight model allows users to pair two to four Mac Studio PCs for coding, video analysis, and other AI tasks. The model runs locally, enhancing security and reducing costs. Mac Studios with the required M5 Ultra chip and 256GB memory start at $10,799. Meta AI chief Alexandr Wang stated the partnership brings leading a
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17:13
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SpaceX Dragon Docks with ISS on October 15, Delivers 2,860 kg of Cargo

According to NASA, SpaceX's Dragon cargo spacecraft docked with the International Space Station at 10:27 a.m. EDT (10:27 p.m. Beijing Time) on October 15, delivering approximately 2,860 kilograms of scientific equipment and supplies. The Dragon is scheduled to remain at the station until mid-November before returning to Earth with research results and other cargo.
17:12
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Bitcoin Mining Output Declines at CleanSpark and BitFuFu in September; Canaan Production Flat

According to The Block, three major Bitcoin mining firms reported their September production figures. CleanSpark output 529 BTC, down 11% from August's 593 BTC. BitFuFu produced 167 BTC, declining 4% from 174 BTC in August. Canaan mined 44 BTC, matching August's output. CleanSpark's Bitcoin holdings fell to 13,530 BTC as of September 30, from 13,703 BTC at month-end August.
BTC0.12%
17:11
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Meta Releases Muse Spark Open Model, Keeps Most Advanced Technology Closed-Source

According to Bloomberg, Meta this week released Muse Spark Open, an open-weight AI model that allows developers to run and fine-tune the model independently. The model is less advanced than Muse Wonder, Meta's more capable AI model unveiled earlier this week. "For both safety and capability reasons, we typically don't open-source our most powerful models," said Alexandr Wang, Meta's chief AI officer. "But we do think it's important to continue open-sourcing great models over time."
17:10
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U.S. Treasury Secretary Bessent to Signal New Debt Management Plan This Friday

U.S. Treasury Secretary Scott Bessent is expected to provide key insights this Friday as the Treasury prepares to release its latest debt management plan in November, potentially signaling additional interventions to manage elevated U.S. Treasury yields. The move follows Bessent's surprise decision in August to expand the Treasury's outstanding-coupon repurchase program, an action some Wall Street traders were unprepared for.
17:10
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Yemen's Houthis Strike Presidential Palace Complex in Aden on October 15

According to Yemen's Saba News Agency, the Iran-backed Houthi militia launched missiles at the Al Maashiq Palace compound in Aden on October 15 (local time). The strike targeted a military command center operated by Saudi officers and an adjacent weapons storage facility. Houthi military spokesman Yahya Saree also reiterated warnings that Saudi Arabian airspace and airports are unsafe for all commercial aviation.
17:05
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CoreWeave's 5-Year CDS Spread Hits 1,088 bps on Thursday, Up 33% Week-Over-Week

CoreWeave's credit stress escalated on Thursday as its five-year credit default swap spread surged above distress levels, reflecting growing investor concern over the neocloud company's $51 billion debt load. The CDS spread reached 1,088 basis points, a 33% increase week-over-week and 177% higher than a year ago. Simultaneously, yield to maturity on CoreWeave's 9.75% bond due in 2031 climbed to 15.78%, signaling heightened default risk. A CDS spread of 1,000 basis points or above typically indic
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17:04
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Scammer Lost Over 60 BTC Worth $4.8M in Ledger Theft, Chainalysis Reports

According to Chainalysis, a scammer who was also a victim of the Ledger hardware wallet theft incident lost over 60 BTC worth approximately $4.8 million on October 9. The funds originated from a task fraud scheme where participants were hired to create fake sales and reviews for real goods, but later told to deposit their own money to claim earnings. On September 22, the fraud operator transferred the collected funds to three separate Ledger addresses, which were then emptied by the thief in a s
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BTC0.12%
17:04
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Scammer Loses Over 60 BTC Worth $4.8M in Ledger Theft on October 16, Chainalysis Reveals

According to Chainalysis, on October 16, a scammer who was also a victim in the Ledger hardware wallet theft lost over 60 BTC worth approximately $4.8 million. The funds originated from a task fraud scheme in which participants were hired to fabricate sales and reviews for products, then pressured to invest their own money to receive promised payments. On September 22, the fraud operator transferred the proceeds to three separate Ledger addresses. On October 9, a thief emptied all three addresse
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BTC0.12%
17:02
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Pyth Network Launches 59 Indices for 24/7 Continuous Market Pricing

Pyth Network launched 59 new market indices recently, according to an official announcement. The indices support 24/7 continuous pricing to enhance market data accessibility for traders. The initiative aims to improve trading efficiency and provide more reliable on-chain market data across the crypto ecosystem.
PYTH15.72%
17:02
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IEA Accelerates Release of 100 Million Barrels of Strategic Oil Reserves on October 15

According to the International Energy Agency (IEA), on October 15, the IEA Board of Governors approved accelerated release of the remaining 100 million barrels of strategic oil reserves, including 20 million barrels of diesel to be supplied as quickly as possible. The decision follows confirmation that approximately 330 million barrels have already been released under the initial 400-million-barrel drawdown announced in March in response to supply disruptions from the U.S.-Iran conflict. The IEA
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17:01
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Israeli Companies Candiru and Discover Tech Plant Spyware on Al Jazeera Devices via Ads, Citizen Lab Reports

According to a report by Toronto's Citizen Lab, Israeli companies Candiru and Discover Tech manipulated online advertisements to install surveillance software on devices used by Al Jazeera. Discover Tech targeted devices through ad platforms while posing as a legitimate advertising firm, distributing ads through major networks including those operated by Google. Researchers warned that using ads to spread spyware represents an emerging security threat to the online advertising ecosystem.
17:01
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Brazil's Securities Commission Launches Tokenization Pilot via Resolution No. 249

According to Bitcoin.com News, Brazil's Securities Commission (CVM) launched a tokenization pilot project via Resolution No. 249, enabling blockchain-based stock trading and securities issuance testing in a controlled environment using simulated assets and funds. The pilot will compare public and private blockchains for securities operations while assessing network security, smart contracts, interoperability, and resilience. B3, Brazil's largest stock exchange, is building a tokenization platfor
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B3-3.20%
17:00
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Sweden's Riksbank Recommends Preparing Digital Krona Legislation on October 7

According to Cointelegraph, Sweden's central bank (Riksbank) recommended on October 7 that parliament prepare legislation for a potential digital krona. The bank cited the European Central Bank's push toward a digital euro, with trials planned for 2027 and potential public launch by 2029, as well as increased adoption of foreign-currency stablecoins in Sweden. Riksbank warned that a payment system lacking a digital version of the national currency could face competitive pressure, particularly fr
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