Gate Crypto Flash News and Market Updates

French President Emmanuel Macron stated that holding a European Union budget agreement summit in March, just weeks before France's election, is not a good approach. Macron's position reflects concerns about the timing of the high-level economic negotiations amid the country's domestic political schedule.

According to Protos, the Prime Trust estate has won a $9 million default judgment against Justin Sun-owned Poloniex related to preferential transfers of property prior to Prime Trust's bankruptcy. The judgment currently applies only to Polo Digital Assets Ltd, the firm operating Poloniex, and Prime Trust is continuing to pursue discovery against Sun himself.

According to ChainCatcher, a profitable whale address closed approximately $14.62 million worth of ETH long positions on October 17 at 00:41 UTC. The address, which had held $14.67 million in ETH leveraged longs, fully exited the position, realizing a profit of approximately $469,000. Address: 0xbf732ea04197942783e34730ed6e0f6099575d58.

According to Jin10, on October 17, U.S. President Trump stated he knows details about the Russia-Ukraine conflict and hopes it ends, while calling recent handling of the issue by the Biden administration problematic. When asked about inflation concerns, Trump asserted that oil prices will fall soon. He also noted Israel's significant support for Saudi Arabia, referencing the Abraham Accords as an ongoing topic in Saudi relations.

According to the Brooklyn District Attorney's office, prosecutors working with the FBI dismantled a multinational cryptocurrency scam targeting Russian-speaking victims across the U.S. on October 15. The operation seized or disrupted 241 scam domains and disrupted more than 100 cloud servers hosted by Eastern European and American companies, making it one of the largest cyber takedowns ever executed by a local prosecutor. The three-year investigation has recovered approximately $300,000 so far,

According to Reuters, Deutsche Bank will debut its bitcoin custody service for institutional and corporate clients within weeks, the bank's corporate banking chief said on Friday. The German multinational also plans to expand the custody platform to Asia in 2027. The custody service will initially support bitcoin and other major cryptocurrencies, before moving to services that help clients transact with stablecoins. Deutsche Bank first announced the initiative in September, with the rollout subj

The U.S. natural gas rig count totaled 133 for the week ending October 16, according to data tracked by the Energy Information Administration (EIA), up 1 from the prior week's 132.

As of the week ending October 16, the U.S. total active rig count stood at 603, unchanged from the previous week. The metric, typically reported by Baker Hughes, tracks the number of active drilling rigs across the country.

According to Baker Hughes data, the total number of active oil drilling rigs in the United States for the week ending October 16 fell to 459, down from 462 in the previous week.

According to Bitcoin Magazine, Russia's Central Bank added Sberbank to its register of organizations authorized to exchange digital currencies early this month, joining eight other entities including state-controlled VTB and T-Invest Lab. Sberbank will debut its crypto wallet in December, coinciding with the Moscow Exchange's planned launch of crypto trading that same month.

According to research from Grayscale published on October 15, Bitcoin's realized volatility fell to 43% over the past year, now lower than 19% of S&P 500 constituents. Grayscale's head of research, Zach Pandl, noted that as Bitcoin has matured with deeper liquidity and broader institutional participation, its price swings have narrowed considerably. Bitcoin's volatility averaged 64% over the past 10 years and 81% five years ago.

According to Chainalysis, the U.S. became a net importer of bitcoin in 2026 for the first time since 2022, according to a Wednesday report titled "North America: Inside the Growth of Agentic Commerce." Institutions have been buying bitcoin while retail largely sells, the blockchain data firm found. Meanwhile, the rest of the world is pivoting to dollar-pegged stablecoins as a digital dollar alternative. Since the 2024 launch of spot bitcoin ETFs, America's share of global Bitcoin activity has ri

According to Bitcoin Magazine, Ledger confirmed on October 15 that an organized crime group conducted a sophisticated supply chain attack targeting its hardware wallet users. The criminals purchased Ledger devices, installed hardware implants designed to read users' seed phrases, and returned them to the supply chain through resellers. Blockchain investigator Specter estimated $86 million was drained from compromised devices. Ledger stated in its official response that the group built their own

According to Bitcoin Magazine, OranjeBTC CEO Gui Gomes discussed the launch of Brazil's first-of-its-kind Bitcoin-backed loan on October 15. Gomes stated that Bitcoin is likely the best collateral for such financial products, highlighting how digital credit and BTC-backed loans are pushing Bitcoin deeper into global financial markets. The company is running a strategy similar to MicroStrategy in Latin America, focusing on Bitcoin adoption in Brazil, where grassroots BTC adoption ranks among the

According to EU Council President Costa, the European Union will hold an informal summit in February to address EU competitiveness.

U.S. stock indices declined significantly during intraday trading on October 16. The VIX volatility index surged 11.0% to 18.29, signaling increased market anxiety. The S&P 500 fell over 0.7%, while the Nasdaq dropped more than 1.5%. The Dow Jones Industrial Average declined 120 points, or 0.2%. Semiconductor and biotechnology sectors led losses, falling 2.1% and 2.3% respectively, with Tesla shares down 2%.

According to CCTV, on the evening of October 16, Yemen's Houthis accused Saudi Arabia of using cluster munitions in an airstrike on Zammar province, leaving 3 dead and 9 wounded. Saudi Arabia has not yet responded to the allegation.

German 10-year bond yields fell 5.5 basis points this week, trading at 3.426% as of Friday, October 16. The weekly trading range spanned 3.508%-3.353%, with yields reaching their highest point on October 14 following the U.S. CPI release. Two-year yields declined 1.9 basis points to 3.109%, while 30-year yields fell 5.7 basis points to 3.797%. The 2/10-year spread contracted 3.553 basis points to +31.446 basis points.

According to Algorand's official statement, the blockchain platform has processed over 2.7 million post-quantum signature transactions since 2022. This development reflects Algorand's proactive approach to addressing quantum computing threats as Google makes strides in quantum technology advancement. The platform's integration of post-quantum signatures is designed to enhance blockchain resilience against potential quantum vulnerabilities.

According to ChainCatcher, LayerZero Labs unveiled Aerie, a post-quantum signature aggregation system developed with a16z Crypto, Carnegie Mellon University, and Imperial College London. On a MacBook Pro with Apple M4 Max chip using 16 CPU cores without GPU acceleration, Aerie aggregated 32,768 Falcon-512 signatures in 0.65 seconds with peak memory usage of approximately 2.1 GiB. Compared to the previous Orthus scheme, Aerie improves proof generation speed by 1.5x, verification speed by 38x, and