Gate Crypto Flash News and Market Updates

According to BlockBeats and PONS founder Ozzy, the project has fully automated its buyback and burn operations as of Oct. 3. The new mechanism executes a fund withdrawal every 7 days, followed by buyback and burn operations over the subsequent week in a continuous cycle. Any community member can trigger the automated process and receive a small reward. Ozzy noted the current buyback rate is set at 2e per hour, matching the approximately 950,000 USDC in the Splitter contract under the 7-day sched

According to ChainCatcher, Simon Dedic, CEO of Moonrock Capital, recently criticized Blur and Blast founder Pacman for prioritizing short-term profit extraction over sustained product development. Dedic noted that despite Pacman's established market position from Blur and Blast, top investor backing, and significant attention, he chose to maximize immediate value rather than build larger, more durable products. Dedic emphasized the importance of identifying and supporting builders who resist the

According to the UK road rescue company on October 2, the average retail price of diesel reached £2 per liter (approximately 17.75 yuan), surpassing the previous record set in June 2022. The price surge was driven by ongoing tensions in the Middle East, which have pushed global refined oil prices higher.

According to Odaily, the U.S. CFTC has approved Coinbase to operate as a derivatives clearing organization, enabling the platform to self-clear fully collateralized futures, options on futures, and swaps without third-party intermediaries. The approval does not certify any specific markets and excludes prediction markets. Coinbase and Nodal Clear announced in June 2025 plans to launch futures contracts collateralized in USDC. The CFTC did not disclose the underlying assets or swap categories eli

According to PANews, Bitwise CEO Hunter Horsley disclosed on October 3 that he personally bought Bitwise NEAR ETF. The company's NEAR ETF recorded net inflows of approximately $9 million on its third day of trading.

Backpack has revealed a new tokenized equity bridge system that allows users to convert tokenized stocks into actual shares, according to crypto commentator @solana. The bridge enhances trading flexibility by enabling redemption of tokenized equity for real shares, with the system buying shares on the brokerage side to support liquidity. This feature aligns with Backpack's broader strategy to attract international investors seeking around-the-clock trading options.

According to BlockBeats, the Meme coin SI surpassed 60,000 holder addresses in one week as of October 3, with 30,000 new addresses added in a single day, making it the first Meme project to reach this growth rate in over a year, according to trader Bonk Guy. Daily trading volume remained between 15–20 million USD despite recent market corrections. SI has been listed on centralized exchanges including Crypto.com and Gate, with potential for additional platform support.

According to analyst Ali posted on X, Bitcoin recently hit resistance at $87,000 and failed to break higher, with whales taking profits by selling over 30,000 BTC during the attempt. The $87,000 level has been the upper boundary of a price channel constraining BTC over the past two weeks. Ali noted that the key support level to watch is approximately $82,500. If Bitcoin pulls back to that level and whales resume accumulation, it would signal a potential buying opportunity. The next upside target

Elon Musk commented on X regarding reports of Taiwan Semiconductor Manufacturing Company (TSMC) exploring a partnership with Terafab, a startup associated with Musk, to help operate a semiconductor factory in Texas. Musk stated: "We are just having discussions, but maybe something will come of it."

According to Illia, NEAR co-founder, developer numbers in the NEAR ecosystem have significantly increased over the past few weeks. With development barriers lowering, the core challenge is shifting from 'how to develop' to 'what to develop and how to achieve distribution,' Illia stated on X. Illia shared several potential development directions he identifies for the ecosystem, including verifiable reasoning AI projects, universal checkout components, AI encyclopedias combined with prediction mar

Harmony ONE's price surged 10.57% in the past 60 minutes, climbing from $0.002213 to $0.002447. The token posted a 24-hour gain of 13.39%, with trading volume reaching $4,165,699.36 over the same period. The price movement is attributed to increased network activity, with higher on-chain transaction volume reflecting growing investor interest.

According to Gate, SpaceX (SPCX) Pre-IPO tokens will undergo their third batch unlock on October 3 at 20:00 UTC+8, releasing 14% of the original total allocation equivalent to 23,730 SPCX. Since 27% has already been unlocked, the remaining 73% will be distributed to users based on their actual SPCX holdings at snapshot time, with each user receiving 19.18% of their holdings as a 1:1 conversion to Gate stock accounts. The unlock applies to SPCX acquired through Pre-IPOs subscriptions and subseque

According to World, on October 3, the company outlined how World ID can verify whether AI agents like Meta's Muse and OpenAI's dots operate with genuine human authorization. The system uses zero-knowledge proofs to confirm Proof of Human while preserving privacy, ensuring agents remain unique, neutral, and non-shareable across platforms. Okta's Human Principal beta, Vercel's WorkflowSDK, Exa's free API tier, and Browserbase's web navigation have already integrated World ID to validate whether re

According to Guru Club, Indonesia's benchmark stock index fell 4.2% to 5,688.574 points on June 4, marking its lowest level since December 2020.

According to IBK Securities analyst Kim Woon-ho on October 3, Samsung Electronics stock is significantly undervalued despite expected Q3 earnings to fall short of prior guidance. The firm maintained its buy rating and 460,000 won price target, citing stable memory demand and earnings resilience amid prolonged supply constraints. Separately, market research firm TrendForce projected on September 30 that HBM (high-bandwidth memory) average selling prices will surge over 121% year-over-year in 2027

According to Bitdeer's post on X, the Nasdaq-listed bitcoin mining firm mined and sold 292.3 BTC each during the week through October 2, resulting in zero net new Bitcoin added to its holdings. The company continues to maintain a zero Bitcoin position.

According to ChainCatcher citing order book monitoring platform Liquid24/7.xyz, Bitcoin spot BTC is trading at approximately $84,576. Binance spot BTC shows $13.95M buy depth and $9.90M sell depth, with net bullish bias of $4.06M; Binance perpetuals display $32.65M buy depth versus $42.53M sell depth, showing net bearish bias of $9.88M. Coinbase spot has $27.36M buy depth and $21.02M sell depth, net bullish of $6.33M. OKX perpetuals show $15.52M buy and $14.50M sell depth, net bullish of $1.02M;

According to Coinglass, Binance received net inflows of 32.93 million USDT in the past hour on October 3.

According to BlockBeats, the Independent Community Bankers of America (ICBA) sued the U.S. Office of the Comptroller of the Currency (OCC) today, October 3, arguing it lacks legal authority to grant national trust charters to crypto companies. "Congress did not intend the national trust charter as a backdoor for crypto companies to enter the banking system," ICBA CEO Rebeca Romero Rainey said. The OCC has previously approved trust charters for Coinbase, Circle, and World Liberty Financial.

According to UAE Attorney General Shamsi, on October 3, the copilot of Dubai Air flight FZ1073 attacked the captain during flight using an emergency fire axe and attempted to seize control of the aircraft. The incident has been classified as a terrorist attack. The Attorney General stated the copilot executed a planned action in the cockpit; investigations are ongoing to examine physical and digital evidence to determine the full nature and motive of the incident.