Gate Crypto Flash News and Market Updates

According to Odaily, Papertrade.xyz, a synthetic perpetual DEX built on Hyperliquid HyperEVM, attracted $118 million in deposits as of October 10, with total value locked (TVL) reaching the same amount and maximum leverage of 1000x available on the platform. As of October 10 at 11:45 AM ET, the platform's 2,349 open positions held approximately $11 billion in open interest, supported by only $54 million in capital.

India's Union Finance Minister Nirmala Sitharaman met with Singapore's Monetary Authority of Singapore (MAS) Deputy Managing Director Leong Sing Chiong today to discuss tokenization and digital asset regulation. The talks focused on regulatory frameworks, interoperability, and trusted settlement arrangements. Both parties reaffirmed their commitment to strengthening cooperation on digital asset ecosystems and exploring future collaborations.

According to Iran's Tasnim News Agency, the Iranian Revolutionary Guard's Navy Public Relations Department stated today that an oversized crude oil tanker attempting to transit the Strait of Hormuz through an unauthorized shipping lane detonated after striking a mine. The statement warned that any vessel disregarding safety regulations would face severe consequences.

According to HTX market data, BNB fell below $750 to $749.99 today, up 1.19% over the past 24 hours.

According to the UK government, Prime Minister Keir Starmer and Ukrainian President Volodymyr Zelensky will hold a face-to-face meeting in the coming days to continue consultations between the two nations.

According to Jin10, on October 11, President Trump said the U.S. will assess whether Saudi Arabia's latest attack changes his administration's military plans regarding Iran. Trump previously stated he would not launch strikes against Iran before the midterm elections. When asked if the recent Saudi assault altered this decision, Trump responded: "We'll assess it."

The Commodity Futures Trading Commission issued two measures Friday to clarify its regulatory authority over prediction markets. A proposed rule expands the definition of "swap" to include event contracts tied to sports, politics, cultural events and weather. An interim final rule, effective immediately, excludes casino-style gambling products like sportsbooks and casino games from the swap definition. Chairman Michael Selig stated that event contracts are "commodity derivatives squarely within

According to The Block, U.S. spot Ethereum ETFs saw net outflows of $542.1 million last week, marking the worst-performing week since January with nine consecutive days of outflows. Solana ETF experienced net outflows of $24.8 million during the same period, ending a 14-week consecutive inflow streak and recording its largest single-week outflow since launch.

According to Marketwatch, Bank of America Chief Equity Strategist Michael Hartnett warned that if Democrats sweep both chambers of Congress in next month's midterm elections, U.S. stocks could face a correction exceeding 10%, while the U.S. dollar and Treasury yields may decline in tandem. Prediction market data cited in the report shows the probability of a Democratic sweep has risen to 64%, up from below 50% one month ago.

According to Jin10 Data, on October 11, U.S. President Trump said the U.S. may participate in Saudi Arabia's military action against Houthi forces. When asked whether he had decided to join the strikes, Trump responded: "We may participate. We are assessing the situation. We just learned about recent attacks. We will make a decision. Our actions move very quickly."

According to President Zelensky, Russia conducted continuous strikes on multiple Ukrainian cities throughout October 10, using aerial bombs, Shahed unmanned drones, and ballistic missiles. Zelensky briefed UK Prime Minister Burnham on the attacks during a phone call.

According to Saudi Arabia's General Authority of Civil Aviation, King Khalid International Airport in Riyadh was attacked on October 10 afternoon, injuring multiple people. Authorities have temporarily suspended airport operations to assess damages and inspect facility safety in response to recent ongoing attacks on Saudi civil aviation infrastructure. The casualty count remains under review, and further updates will be announced.

U.S. President Donald Trump said he would examine the situation regarding Iran and related attacks. The remarks came as a response to recent developments involving Iran.

U.S. President Donald Trump on October 10 suggested Ukraine should appoint new leadership to facilitate the achievement of a peace agreement. According to Trump's statement, now is the time for Ukraine to make this leadership change.

U.S. President Donald Trump said recently that Ukrainian President Volodymyr Zelensky can take any action he chooses, but should avoid striking oil refineries and ideally stop immediately. Trump's remarks reflect ongoing U.S. engagement in Ukraine's military strategy amid the ongoing conflict.

According to The Verge, Ledger crypto wallets were compromised in a supply chain attack on October 10, resulting in over $86 million in cryptocurrency stolen from hundreds of users. A spy implant allegedly placed beneath the device screen intercepts seed passphrases during initial setup and sends data back to attackers via an embedded SIM card. The attack primarily targeted users in Southeast Asia through reseller CryptoBillis, which Ledger asked to pause all sales while investigating. Ledger co

According to Russian sources on October 10, U.S. negotiators Vithakul and Kushner, who are leading efforts to broker a peace agreement on Ukraine, may visit Moscow within the next two weeks.

Meanwhile, a Bermuda-licensed life insurance company backed by Sam Altman, raised $37.5 million Thursday from existing investors led by Bain Capital Crypto, according to the company. The funding brings Meanwhile's total raised to over $180 million. The company bills itself as the first life insurer licensed to operate entirely on Bitcoin, with its balance sheet, reserves, and policyholder Bitcoin all denominated in the cryptocurrency. The raise follows record demand driven by Meanwhile's BTC Lif

According to Bloomberg, Ting-Wei Sun, a third-party broker in the Super Micro smuggling case, pleaded guilty on October 9 to conspiracy charges involving the illegal diversion of Nvidia AI chips to China. Sun's plea came as part of an agreement with prosecutors, though details of any cooperation arrangement remain undisclosed. He is expected to be sentenced on September 8, 2027. The case centers on the unlawful export of Super Micro servers containing restricted Nvidia hardware to China since 20

According to BlockBeats, on October 10, Multicoin Capital co-founder Kyle Samani announced on X that his largest personal angel investment has been directed to Backpack.