It happens in new Xcode7 beta:
CompileAssetCatalog /Users/admin/Library/Developer/Xcode/DerivedData/InstaAd-ddgdnbxlpxipirebpndfmgrxspel/Build/Products/Debug-iph
Sometimes you should uncheck de "alpha" option to export your png images to Xcode. That solve my problem.
Open "Preview" app - File - Export - Uncheck "alpha" option, then replace your old images in Xcode project.
Simple restart of Xcode fixed the error for me.
Had this actool
error building a simple Sticker Pack in Xcode 8 Beta 6.
Seems to be a known error with animated stickers that should be fixed soon.
That happened because of JPG images in assets catalog, so I imported jpg images directly in the project, and now it works
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).
Changing the image name solved this error for me.
For all beta versions of Xcode you should go to Preferences->Locations and make sure that the command line tools point to the right version & that the Derived data and Archives point in a different folder that stable Xcode is