Gate Crypto Flash News and Market Updates

According to Axios, U.S. President Trump has expressed support for Israeli Prime Minister Netanyahu's participation in Tuesday's elections, though some of his advisors believe the administration's Middle East agenda could advance under alternative Israeli leadership. Over the past six months, several Trump senior advisors have grown frustrated with Netanyahu's approach to key regional matters, citing disagreements over his reluctance to advance Trump's peace plan and concerns regarding Israel's

According to @BuildOnStellar, Stellar is preparing to launch confidential tokens on mainnet to enhance privacy for SEP-41 token transactions. The rollout aims to add a privacy layer for network users, potentially attracting more developers and users to the Stellar ecosystem while improving transaction security on the decentralized blockchain platform focused on cross-border payments.

According to BlockBeats reporting on Oct 24, Bitcoin fell to $80,669.49 with a 24-hour decline of 1.31%, while Ethereum dropped to $2,367.01, down 1.52% in the same period. Funding rate data from CoinGlass shows BTC's open interest-weighted and volume-weighted rates at 0.0081% and 0.0074% respectively; ETH's corresponding rates stood at 0.0078% and 0.0082%. Both assets remain in neutral territory, with some platforms showing bearish signals.

According to CCTV Finance, domestic gold jewelry brands cut prices on October 24, with mainstream 24-karat gold jewelry dropping 6 yuan per gram to around 1,200 yuan per gram amid a broader decline in international gold prices.

According to Fidelity Digital Assets analyst Zack Wainwright, as of October 12, Bitcoin has gained nearly 50% from its June bear market low of $58,000. Wainwright noted that while Bitcoin took nearly 16 years to first break $100,000, the ascent from $100,000 to $200,000 could potentially occur much more rapidly.

According to its 8-K filing, TeraWulf increased its senior secured revolving credit facility from $250 million to approximately $400 million on October 23. The amendment to the credit agreement, effective immediately, represents a 60% increase. Morgan Stanley Senior Funding serves as administrative and collateral agent. The revised agreement also permits additional increases of up to $150 million subject to obtaining new lending commitments and satisfying specified conditions.

According to Houthi forces, Sanaa and Mocha, located in Taiz Province on the Red Sea, came under heavy airstrikes today (October 24), resulting in multiple casualties.

According to Bitcoin Magazine, Franklin Templeton registered two Bitcoin dividend reinvestment ETFs on Nasdaq on October 22. The Franklin US Equity Bitcoin DRIP Index ETF (FBEQ) and Franklin US Innovation Bitcoin DRIP Index ETF will launch with a 95% allocation to U.S. stocks and 5% to bitcoin, with an effective date of October 27. All stock dividends are automatically reinvested into bitcoin at market open on the day after the ex-date. FBEQ carries a 0.09% expense ratio with no 12b-1 fee. The b

According to Bitcoin Magazine, Block launched "Bitcoin Does," its first mass-consumer Bitcoin advertising campaign on October 23, aimed at 60 million Americans curious about but not yet adopting Bitcoin. The campaign emphasizes real-world utility over technical explanations such as mining and blockchain technology. Maria Pesce, Head of Bitcoin Marketing at Block across Cash App, Square, and Proto, explained the ads focus on how Bitcoin works in practice rather than theoretical concepts.

According to New York Attorney General Letitia James, announced on October 23, the state is seeking a $1.37 billion judgment against the operators of NovaTech and AWS Mining, two successive cryptocurrency investment schemes that allegedly defrauded over 300,000 investors worldwide of more than $1.1 billion. Alleged founders Cynthia and Eddy Petion fled the country and did not appear in court. NovaTech promised weekly trading returns of 2-4 percent; records show only $26 million of over $1 billio

According to Chaincode Labs developer Antoine Poinsot, Bitcoin Core ended its extended security disclosure embargoes for vulnerabilities that large language models can easily rediscover, announcing the policy change on October 23. The project now fast-tracks fixes and point releases for issues flagged as easily discoverable during triage, with security advisories published simultaneously alongside the patched software. Poinsot noted that LLMs have drastically reduced the barrier to finding certa

According to its written submission to the National Assembly, the Bank of Korea plans to draft an amendment to the Foreign Exchange Transactions Act by year-end, with the aim of regulating stablecoins as a means of payment. The central bank's October 22 report cited cross-border transaction monitoring and regulatory gaps around personal wallets as key factors requiring tighter controls. The amendment would bring dollar stablecoins under similar cross-border reporting requirements as wire transfe

According to Bitcoin Magazine, Blockstream launched institutional consulting services and opened an office in Lugano, Switzerland, on October 23. The new consulting business will support banks, asset managers and other financial institutions with technical strategy, system architecture and implementation of Bitcoin-based infrastructure. From Lugano, Blockstream plans to serve clients across Switzerland including Zurich, Geneva and Zug, with the office operating as a hub for European operations.

According to China News Net, the AIGC-Era Internet Advertising Governance Whitepaper was officially released on Oct 24 during the 33rd China International Advertising Festival. The whitepaper categorizes AIGC advertising risks into four types—content violations, technical evasion, transaction chain issues, and emerging scenarios—and proposes governance recommendations across eight dimensions. Alibaba's Juliangyin platform reported that its multimodal AI model reviews 90% of ad creatives within 1

According to ChainCatcher, crypto wallet Phantom launched access to Kalshi prediction markets for U.S. users on October 23, allowing them to trade event contracts directly within the Phantom app. Trading uses CASH stablecoins from Phantom Cash accounts, with funds converted to fiat for settlement on Kalshi; withdrawals and profits return to Phantom Cash. The platform charges 0.02 USD per contract plus network fees. Due to local regulatory concerns, Phantom will restrict certain market categories

According to Agence France-Presse, on October 24, approximately 250,000 people gathered in central Madrid to protest rising living costs and demand protection for Spain's pension system, ahead of parliamentary elections scheduled for next month.

According to BlockBeats, on October 24, Liquid Capital founder Li Lihua stated that while maintaining a bullish outlook on the current market trend, the crypto industry is indeed at a low point due to AI drawing away significant talent and capital. Li noted that over the past two months he has consistently expected a pullback around $86,000, similar to his prior prediction of a bounce reversal near $84,000 in May. He emphasized the importance of learning from investment mistakes.

According to Jin10, Iranian President Masoud Pezeshkian called for renewed efforts to reach an agreement with the United States in a statement broadcast on national television Saturday (Oct 24). Pezeshkian criticized the U.S. for causing the collapse of interim negotiations, saying: "We were negotiating, but those weak Americans ruined everything... I still believe we should continue efforts to reach an agreement."

According to Odaily, CMCC Global plans to tokenize its Crest and Liberty Bitcoin Accumulation Fund (LBAF) through Tether's Hadron infrastructure and distribute them via Bitfinex Securities under El Salvador's digital asset framework. Crest is priced at $10 per token and targets outperformance of U.S. Treasury yields; LBAF is priced at 0.0001 BTC per token with a target annual net return of 8-12% in BTC. Token holders must pass KYC and AML verification to access whitelisted addresses.

According to Odaily, the Blockchain Association sent letters to Senate Majority Leader John Thune, Minority Leader Chuck Schumer, House Speaker Mike Johnson, and House Minority Leader Hakeem Jeffries, urging them to establish bipartisan digital asset tax legislation. The association launched taxclarityforamerica.com to help constituents contact their representatives. Key demands include establishing meaningful tax exemptions for small crypto transactions, treating qualified stablecoins as cash f