flash

The B.AI API officially launches two models, Gemini 3.6 Flash and Gemini 3.5 Flash-Lite. Among them, Gemini 3.6 Flash, as an upgraded version of 3.5 Flash, significantly improves output quality while maintaining the same pricing, with an average reduction in token consumption of about 17%. Especially in complex scenarios like DeepSWE, the maximum reduction can reach 65%, greatly enhancing development efficiency and cost-effectiveness. Gemini 3.5 Flash-Lite, on the other hand, offers ultra-fast output of up to 350 tokens/s and exceptional cost performance, precisely meeting the demands of high concurrency and high real-time tasks such as document batch processing and Agentic intelligent retrieval. Currently, both models have opened official API interfaces, allowing developers to log in to the B.AI platform immediately for a seamless experience and enjoy the performance benefits brought by the new generation of models.

According to Decrypt, the cross-chain bridge protocol Allbridge has suspended its Core protocol due to a flash loan attack, with the attacker having stolen approximately $1.65 million in assets from the Solana stablecoin liquidity pool.According to analysis by blockchain security firms PeckShield and CertiK, the attacker borrowed $1.12 million in flash loan funds through the Solana lending protocol Kamino, and then manipulated the price mechanism within the Allbridge pool through multiple stablecoin exchange operations to exchange assets at a low price, subsequently transferring the funds across chains to an Ethereum address.During the attack, the attacker exchanged several thousand dollars in USDT to obtain approximately $2.24 million in USDC, and then bridged the funds to Ethereum for further dispersal. It is currently unclear whether some of the funds can still be recovered.Allbridge stated that the team has suspended the Core protocol for security reasons and has requested affected liquidity providers to withdraw their funds immediately. Due to the attack causing an imbalance in the liquidity pool, some traders profited from arbitrage opportunities. Allbridge has called on relevant users to return their profits, stating that the funds will be used to compensate affected LPs.The team indicated that there is no further risk to user funds at this time and will release a detailed incident analysis report after completing the investigation, while also planning to relaunch the Core protocol after removing the liquidity pool. This is the second time Allbridge has encountered a similar flash loan attack. In April 2023, the protocol's BNB Chain liquidity pool suffered a loss of approximately $573,000 due to a similar vulnerability, after which the project team stated that they had recovered most of the funds and adjusted the liquidity calculation mechanism.

The semiconductor storage sector of the US stock market is showing a differentiated trend. According to data from the Gate platform, SanDisk (SNDK) is currently priced at $1716.57, down 5.80% in the last 24 hours due to previous excessive gains and valuation adjustment pressure; while Micron Technology (MU), with a relatively reasonable valuation, is demonstrating stronger resilience, rising against the trend to a current price of $948.77, with a 24-hour increase of 2.21%. As the prices of these two assets fluctuate, the trading activity of derivatives on the Gate platform continues to rise. According to Coinglass data, the 24-hour trading volume of Gate SNDK contracts reached $12.4 million, with an open interest of $26.84 million; the 24-hour trading volume of Gate MU contracts reached $18.44 million, with an open interest of $19.23 million, both ranking among the top in the network.

OKX will launch the SENT (Sentient) flash profit event on July 17, 2026, at 15:00. Users can participate by subscribing to BTC, OKSOL, OKB, or SENT to share a reward of 32,000,000 SENT.The event will run from July 17, 15:00 to July 27, 15:00 (UTC+8).

According to Darcy, co-founder of FlashRescue, approximately $22 million in illicit funds flowed into the cryptocurrency exchange HitBTC in 2026. He pointed out that during two instances of cooperating with police investigations, HitBTC refused to assist in the verification process, and multiple on-chain investigators reported that this is a consistent practice of the platform.He mentioned that in the Bybit theft case, as much as $3.68 million from a money laundering network linked to the DPRK (North Korea) flowed into HitBTC, but the platform also did not cooperate with relevant authorities for further investigation.

According to official news, Gate will launch a special gift event for new users from July 2, 16:00 to July 9, 16:00 (UTC+8). During the event, new users who complete their first flash exchange can participate in multiple rewards: for a single first exchange of 1 USDT, they will receive a 100% chance to win a mystery box lottery, with a maximum prize of 888 USDT in cash; for a first exchange of 200 USDT, they will also receive an additional cash reward of 2 USDT and 1 chance to enter the mystery box lottery; users who accumulate a flash exchange trading volume of 1,000 USDT can claim a cash reward of 20 USDT. The total prize pool for the event is 60,000 USDT, and rewards are available on a first-come, first-served basis.In addition, Gate will launch the fourth phase of the flash exchange regular investment benefits from July 3, 16:00 to July 17, 16:00 (UTC+8), where an individual can receive rewards worth up to 1,300 USDT. During the event, new users who complete their first flash exchange and successfully create a regular investment strategy with a successful deduction can receive up to 300 USDT in dual-currency financial experience; users who continuously complete flash exchanges and regular investment check-ins for 3 days and 7 days can receive 300 USDT and 600 USDT in dual-currency financial experience, respectively. At the same time, users who accumulate a regular investment trading volume of 100 USDT or an accumulated flash exchange trading volume of 500 USDT can share two prize pools of 10,000 USDT each based on their trading volume proportion, with a maximum of 400 USDT in dual-currency financial experience available per individual.

OKX will launch the ROBO (Fabric Protocol) Flash Earn Lite event on July 3 at 15:00. Users can subscribe with BTC, ETH, OKB, or ROBO to share a reward of 20,000,000 ROBO. The event will run from July 3 at 15:00 to July 7 at 15:00 (UTC+8).

OKX will launch the ZAMA (Zama) Flash Earn Lite event on June 23 at 15:00. Users can participate by subscribing to OKB, ETH, or ZAMA to share a reward of 6,250,000 ZAMA. The event runs from June 23 at 15:00 to June 27 at 15:00 (UTC+8), and users must complete identity verification to participate.

According to the official announcement, Gate will launch the USD1 Yield Voyage event from June 10 at 18:00 to June 24 at 18:00 (UTC+8).During the event, users can exchange assets such as USDT and USDC for USD1 through flash exchanges. Accumulating a net purchase of USD1 to reach the specified threshold will allow users to receive an additional USD1 reward.For a cumulative net purchase of ≥100 USD1, users can receive 1 USD1; for ≥1,000 USD1, they can receive 3 USD1; for ≥5,000 USD1, they can receive 50 USD1; and for ≥10,000 USD1, they can receive 500 USD1 in rewards. Additionally, the top 50 users ranked by cumulative net purchases of USD1 will also be eligible for leaderboard rewards, with a chance to exclusively receive up to 2,000 USD1 in rewards.Furthermore, Gate will launch the third phase of the Flash Exchange Scratch Card event from June 11 at 16:00 to June 18 at 16:00 (UTC+8).During the event, users can complete tasks such as their first flash exchange, cumulative trading, and inviting friends to earn lottery chances, unlocking reward blind boxes with a 100% success rate, and have the opportunity to win popular meme coins, XAUT fragments, and cash rewards of up to 500 USDT.Users with a cumulative flash exchange trading volume of 30,000 USDT can also participate in the "Flash Exchange Leaderboard," with a chance to exclusively win a cash grand prize of 500 USDT; at the same time, users who complete ≥100 USDT flash exchange transactions and participate in the lottery will have the chance to become the "Super Koi of the Entire Network," randomly receiving a cash reward of 500 USDT.

The edgeX official report on the abnormal price fluctuations of the EDGE token states that the EDGE price once dropped from approximately $1.12 to about $0.32 within about 1 hour, during a period of weak liquidity, due to concentrated sell-offs from multiple addresses combined with high-leverage long liquidations and flash crashes triggered by CEX interactions. There were no changes to the team address during this period.edgeX stated that it will strengthen market making and liquidity, and set up a reward of 200,000 USDC on-chain to trace the addresses associated with the attack. At the same time, for users who incurred actual realized losses due to long positions in EDGE being liquidated or triggering stop-losses on edgeX Perp V1/V2 within a specified time window, the platform will provide goodwill compensation based on the actual loss amount, with a limit of 100,000 USDC per person, of which 50% will be distributed in USDC within 7 days after review, and 50% will be distributed in EDGE based on the 7-day TWAP in the first week of April 2027.

According to CoinDesk, around 11 PM Beijing time on May 28, the SPACEX-USDH perpetual contract on Hyperliquid plummeted from $2,277 to a low of $1,254 within 30 minutes, a drop of nearly 45%, and then partially rebounded to $2,157.This flash crash resulted in the liquidation of 1,393 positions held by 405 users, with a nominal value loss of $1.51 million. The median margin of the liquidated positions was only $31, indicating a predominance of retail investors. This contract is a synthetic perpetual contract for SpaceX's market valuation, as SpaceX is not yet publicly listed and has no publicly available price benchmark, trading only on a private secondary market aimed at qualified investors. The trading volume of this contract in the past 24 hours was only $5.01 million, with an open interest of less than $2.9 million, and the market depth was insufficient to absorb large sell orders. SpaceX plans to conduct an IPO in June.

According to official news, Gate will launch a flash exchange scratch card event from May 26 at 18:00 to June 2 at 18:00 (UTC+8). During the event, users can initiate flash exchange transactions with a minimum of only $1, enjoy a 0 fee rapid exchange experience, and participate in a lottery to unlock popular Meme coins, ETH fragments, and a cash reward of up to 500 USDT. The prize pool is updated daily at 08:00 (UTC+8), and the number of rewards is limited, first come first served. At the same time, users who complete ≥100 USDT flash exchanges and participate in the lottery during the event will also have the chance to become a "super lucky fish" and randomly receive a cash reward of 500 USDT.In addition, Gate will launch a flash exchange exclusive event for newcomers from May 28 at 08:00 to May 29 at 07:59 (UTC+8). New users who complete designated flash exchange transaction tasks can receive a cash reward of 2 USDT and a blind box reward of up to 500 USDT.

The B.AI platform announces that after the API side has completed the integration, Gemini 3.5 Flash is now officially available to platform Web Chat users. As Google's next-generation high-performance model, Gemini 3.5 Flash achieves high-speed and stable performance comparable to leading models at a lower cost, while demonstrating stronger capabilities in code understanding, complex task handling, and agent application scenarios, providing users with an efficient and smooth interactive experience. Currently, users can directly experience this model through the B.AI API and Web Chat dual channels, and are welcome to try it out immediately.

Bloomberg analyst James Seyffart stated on the X platform that the 2x leveraged Cerebras Systems ETF (ticker: CBRG) has officially begun trading, while its underlying asset CBRS only started trading the previous afternoon, meaning that the launch of the leveraged ETF was completed just hours apart, setting a record for the rapid product launch pace.This "fast-follow" ETF issuance model is accelerating, and in the future, leveraged ETFs around non-public or high-demand assets such as SpaceX, Anthropic, and OpenAI may also emerge with similar rapid replication issuance paths, reflecting a significant increase in the productization speed of the ETF market for new asset exposures.

According to the official announcement, Gate launched the spot trading of My Pet Hooligan (HOOLI) on May 15 at 18:00 (UTC+8), and My Pet Hooligan (HOOLI) will be available on the swap platform at 19:00 (UTC+8).

According to the official announcement, Gate launched Gensyn (AIGENSYN) spot trading on May 14 at 21:00 (UTC+8) and will launch Gensyn (AIGENSYN) on the instant exchange platform at 22:00 (UTC+8).

According to CoinDesk, some Revolut users saw the price of Bitcoin (BTC) briefly drop significantly below global market levels in the app on Friday. The candlestick chart showed that the price plummeted suddenly before quickly returning to normal ranges, with the lowest quote even being captured in a screenshot at around $0.02.Currently, mainstream exchanges tracked by CoinGecko and CoinMarketCap have not shown similar anomalies, with BTC trading around $79,000 during the same period. Revolut has not yet responded to whether there were actual trades executed at the abnormal price. If there were indeed trades, the platform may need to determine whether it was due to real liquidity matching, quote routing issues, or errors in front-end price display. Industry insiders say that insufficient liquidity depth, temporary withdrawal of market makers, or disruptions in quote sources could all lead to extreme "flash crash" scenarios on a single platform.

Recently, "Cathie Wood" had a podcast conversation with CZ, where Cathie clarified her comments from last year regarding the 1011 cryptocurrency market flash crash. In the "flash crash" event, Binance did not actually trigger the flash crash; it was the sharp decline that caused the malfunction, compounded by tariff panic that amplified the market's vulnerability.CZ responded: Thank you for your clarification. That statement was widely quoted by the media, and many people said Binance caused the crash. I'm glad you have clarified this now.

According to the official announcement, Gate will launch the 14th phase of the Flash Exchange Lucky Draw event from April 27 at 18:00 to May 4 at 00:00 (UTC+8). During the event, users can initiate flash exchange transactions with a minimum of only $1, enjoy a zero-fee fast experience, and participate in a lottery to unlock XRP and lucky bag rewards. The prize pool is updated daily at 08:00 (UTC+8), and the number of rewards is limited, available on a first-come, first-served basis.During the event, new users who complete their first flash exchange transaction of no less than $1 will receive 1 lottery chance; users who complete a flash exchange transaction volume of $100 daily will receive 1 lottery chance, and additional lottery chances can be unlocked when the transaction volume reaches $500, $1,000, $5,000, and for every additional $10,000. For each new user invited who completes identity verification and their first flash exchange transaction of no less than $1, the inviter will receive 1 lottery chance, with a maximum of 10 chances per person. In addition, users whose flash exchange transaction volume reaches 80,000 USDT can also participate in a cash reward activity, with a maximum reward of 200 USDT, and a total prize pool of 20,000 USDT, distributed based on transaction volume, available on a first-come, first-served basis.It is reported that Gate Flash Exchange currently supports over 2,400 types of cryptocurrency assets, providing zero fees, fast transactions, and intelligent exchange rate matching services, helping users easily complete multi-currency one-click exchanges.