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
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Coinkite Faces Class Action Lawsuit in Canada Over Coldcard Firmware Random Number Flaw

According to Odaily, Coinkite and its co-founders Rodolfo Novak and Peter D. Gray are facing a class action lawsuit in Ontario, Canada, alleging that Coldcard hardware wallets used a flawed firmware standard starting around March 2021. The lawsuit claims the firmware failed to use a true random number generator, instead relying on predictable pseudo-random number generation, which could allow seed phrases to be reproduced and expose users' Bitcoin holdings to unauthorized access. The plaintiffs
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04:58
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NextDC Shares Plunge 42%, A$2.9B Market Value Wiped Out Over Power Grid Delays on Oct 22

According to Australian Financial Review (AFR), Australia's largest commercial data center developer NextDC saw shares plummet 42% on October 22, erasing A$2.9 billion in market capitalization in just 40 minutes after market open. The company's 2030 bonds also surged, with yields jumping approximately 200 basis points from roughly 5% to late 7%. The selloff was triggered by a power transmission project halt for NextDC's M3 data center expansion in western Melbourne. Local residents opposed const
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04:56
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eBay China Launches Major Personnel Adjustment, Cutting Approximately 80% of Headcount This Week

According to 36k.com, eBay China launched a major personnel adjustment this week, with layoffs affecting Shanghai and other primary offices. Multiple independent sources disclosed that the headcount reduction in the China region has reached approximately 80%, with eBay employees becoming increasingly active on recruitment platforms seeking new opportunities. Estimates of eBay China's R&D center staff range between 500 and 1,000 employees, according to available labor data.
04:56
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Singapore's DayOne Backs Nvidia DSX POD with Modular Design, Targets 8-12 Month Build Timeline

According to DayOne, on October 21, the Singapore-based data center firm announced its integrated delivery model designed to support Nvidia's DSX POD reference architecture for AI infrastructure. The model uses modular prefabrication for power, cooling, and base-building systems, shifting mechanical, electrical, and plumbing work from construction sites to factories. DayOne said this approach could reduce data center construction timelines and enable projects in Southeast Asia to be completed in
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04:53
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Moscow Region Hit by 630-Drone Attack Overnight; 163 Intercepted, 2 Injured

According to Moscow Mayor Sergei Sobyanin on October 22, Russian capital Moscow was attacked by 630 drones between 8:30 p.m. on October 21 and 4 a.m. on October 22. The vast majority were destroyed at a distance by air defense systems, with 163 additional drones intercepted as they approached Moscow. Two people were injured in the New Moscow area and are receiving medical treatment. Emergency response teams are conducting operations at sites where drone debris fell.
04:50
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3Business and AWS Launch AI Marketplace with 60+ Solutions in Hong Kong on October 21

According to Hutchison Telecommunications (Hong Kong), 3Business and Amazon Web Services launched the 3Business AI Marketplace in Hong Kong on October 21. The marketplace offers more than 60 AI solutions across industries including retail and logistics, with monthly subscription options and local technical support before and after deployment to help businesses select and manage AI tools.
04:46
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Ethereum Community Proposes Decoupled Consensus Draft to Accelerate Finality on October 22

According to BlockBeats, on October 22, Ethereum's EIP repository received a core protocol draft called Decoupled Consensus, which proposes separating the beacon chain's head voting from finality proof voting. The goal is to enhance fork choice safety, reduce finality time, and lay groundwork for eventual post-quantum cryptography migration. The draft, authored by Francesco D'Amato, Roberto Saltini, and others, remains in early stages with details still being finalized. Submitters are currently
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04:44
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DeepSeek Raises $15 Billion from Tencent and CATL Ahead of IPO

According to Bloomberg, DeepSeek raised 100 billion yuan (US$15 billion) from Tencent Holdings and CATL in funding on October 22 as it prepares for an initial public offering. The Hangzhou-based AI startup is increasing spending on data centers and open-source models following global attention drawn to its low-cost AI models in 2025. The funding round saw DeepSeek raise its initial target at least twice during investor discussions before reaching the final amount.
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04:34
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Semiconductor ETF Falls 14% in Two Weeks as Memory Stock Plunges; DRAM Concerns Emerge

According to Benzinga, the VanEck Semiconductor ETF (SMH-US) fell 14% from its October 5 peak as of October 20, with memory chip makers hit harder. SK Hynix dropped 26%, Samsung Electronics fell 22%, and Micron Technologies declined 11% during a five-day stretch ending October 15. Concerns over China's CXMT's advanced chip design and potential oversupply by 2029 fueled the selloff. However, analysts at Quilter Cheviot and Rosenblatt Securities contend CXMT cannot rapidly scale the new technology
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04:33
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Iranian Oil Reserves Depleted by US Naval Blockade as of Mid-October

According to Wall Street Journal citing Kpler analysts, Iranian oil reserves stored in tanker fleets anchored in Asian waters have been completely depleted as of mid-October. The reserves, which comprised millions of barrels, were exhausted due to a U.S. naval blockade that has prevented Iran from replenishing its crude oil supply.