It happens in new Xcode7 beta:
CompileAssetCatalog /Users/admin/Library/Developer/Xcode/DerivedData/InstaAd-ddgdnbxlpxipirebpndfmgrxspel/Build/Products/Debug-iph
This error happened with me because the image name contained some unsupported characters (it was saved by Xcode as c71a25e%2FÍcone-XPTO Imagem - 120x120.png, even when placed in .xcassets).
c71a25e%2FÍcone-XPTO Imagem - 120x120.png
Changing the image name solved this error for me.