Gate Crypto Flash News and Market Updates

According to Jin10, India's central bank expanded forex controls on Tuesday to support the rupee, which climbed 0.6% to 95.2550 per dollar. The central bank restricted certain derivatives trading to prevent pressure on the currency. The rupee gained 1% on Monday and continued its uptrend amid sustained selling pressure from high oil prices and foreign fund outflows. Despite recent gains, the rupee has declined over 5% this year, ranking among the weaker Asian currencies. Kunal Sodani, head of tr

According to BlockBeats, Papertrade generated $4.02 million in protocol revenue in the 24 hours ending October 13, ranking third among all protocols according to DefiLlama data. The platform surpassed Pump ($2.11 million) and Hyperliquid ($1.7 million), trailing only Tether and Circle.

According to ChainCatcher, A7, a Russian international settlement system created by Bank PSB, launched A7 International today (October 13), a USDT cross-border payment service for foreign trade operators. The service charges a fixed fee of 0.3% and allows users to pay in USDT against foreign invoices, with funds transferred via standard SWIFT bank transfers in the required currency. A7 serves 15,000 clients and processes approximately 2,000 transactions daily.

According to FinanceEast, on October 13, the Hang Seng Index fell 0.39%, down 95 points to 24,176 points, during morning trading. The Hang Seng Tech Index declined 1.54%. Pharmaeutical stocks broadly weakened, with CRO concept stocks falling sharply. Kingold Biosciences fell over 12%, while Luokung Technology fell over 6%. Lithium battery stocks also retreated as lithium carbonate futures fell 11.79% on October 12, with Renesola falling 10% and Ganfeng Lithium declining 3%.

According to Liquid247.xyz monitoring data, BTC is currently trading at $83,384. Binance spot market shows $13.407 million in buy orders versus $12.988 million in sell orders today, with buy orders exceeding sell orders by $418,700.

According to Bloomberg, Broadcom CEO Chen Fuyang and Intel CEO Pat Gelsinger warned on October 12 at a DBS conference in Singapore that capital, not chip supply, has become the primary bottleneck for AI expansion. Chen stated that overcapacity in memory, wafer production, and power supply has been resolved, but funding scarcity remains fundamentally different. Chen criticized AI investors for blindly betting without understanding their investments, comparing such behavior to casino gambling. Tes

According to WHUF founder, the project's trading price has fallen below its ICO price. Redeemed WHUF tokens will be destroyed and permanently removed from circulation. The team focused liquidity on Coinbase with market makers and allocated 175 basis points of centralized exchange liquidity, but only 25 basis points on-chain. During the first hour after launch, auction buyers sold approximately 101,000 WHUF; a single $10,000 sell order caused price swings of nearly 20%. Of 1,402 auction wallets,

According to the Bank of Japan (BOJ), on October 13, Japan's September corporate price index (PPI) rose 6.8% year-over-year, falling short of market expectations of 7.6%. On a month-over-month basis, the PPI declined 0.3%, contrary to forecasts for a 0.5% increase.

According to the Reserve Bank of Australia's September monetary policy meeting minutes released on October 13, the RBA raised its benchmark interest rate by 25 basis points to 4.60%, citing inflation pressures stronger than previously expected. Policy committee members identified upside risks to inflation stemming from the ongoing Middle East conflict, global AI-related cost pressures, and limited spare capacity within Australia's economy. The board noted that some of these concerns have already

According to Yonhap Infomax, on October 13, South Korea's chief coordinator Lim Ki-geun acknowledged during a parliamentary audit that the government's internal control systems failed to function during the introduction of single-stock leveraged exchange-traded funds (ETFs). Lim agreed with opposition lawmaker Choi Eun-seok's criticism that risk management should have been more rigorous, stating the government lacked proper pre-screening mechanisms that could have prevented the policy from reach

According to Rappler's Vantage Point analysis, GCash makes its debut on the Philippine Stock Exchange on October 20 at P6.60 per share. Analyst projections place the stock between P7.00 and P7.70 after its first full trading week, with P7.40 serving as a midpoint estimate representing approximately 12% upside. Year-end price scenarios range from P5.50 to P10.00, depending on market momentum and investor demand. Bearish projections suggest P5.50-P6.30, while bullish scenarios point to P8.80-P10.0

The U.S. Dollar Index fell to 102.41 today, declining 0.17% intraday.

According to Odaily, on October 8, Metis launched the Metis Rise monthly developer incentive program, rewarding teams that deploy new AI Agents on the Metis Andromeda mainnet, attract real users, and generate genuine on-chain economic activity. Developers must meet monthly requirements: at least 15 active monthly users; each qualifying user completes at least 3 transactions or generates at least $2 in settlement volume (m.USDC, m.USDT, or METIS); and primary user transactions must occur on the A

According to Guru Club, on October 13, Hong Kong interbank rates showed mixed movement across maturities. Overnight HIBOR rose 1 basis point to 1.43485%, while one-week HIBOR climbed to 1.48182%, marking its highest level since July 7. Two-week HIBOR increased to 1.48091%, and one-year HIBOR gained to 1.77833%, the highest since March 31.

According to Farside, US spot Ethereum ETFs experienced $85.4 million in net outflows on October 12 (US Eastern Time). Over the past five trading days (October 6-12), cumulative net outflows reached $576.8 million. The ETFs have recorded net outflows for 10 consecutive trading days since September 29, with total outflows of $782.8 million during this period.

According to Phaseide data, U.S. Bitcoin spot ETFs experienced net outflows of $65.4 million on October 12 (U.S. Eastern Time). Over the past five trading days (October 6–12), cumulative net outflows reached $654.5 million. BlackRock's IBIT led the outflows with $65.4 million, while no products recorded inflows on the day. Year-to-date through October 12, spot Bitcoin ETFs have seen net outflows of $451.7 million, reversing September's $2.65 billion in inflows.

According to OKX's official X account, the exchange recently launched an upgraded Smart Portfolio bot that combines ETFs, tokenized stocks, and stablecoins. The bot allows users to customize their investment allocations, integrating traditional financial assets with digital assets to provide a diversified portfolio management solution.

According to BlockBeats, crypto KOL realist reported on October 13 being robbed at his residence in the UK. The attacker, armed with a knife, stole approximately $800,000 in cryptocurrency split between his wallet ($400,000) and Ledger hardware wallet ($720,000), along with a Rolex watch. His phone was also destroyed during the incident.

According to TikTok CEO Zhou Shouzi at the DBS Asia Outlook Summit in Singapore, AI is likely to drive major scientific breakthroughs in physics, biotechnology, chemistry, and materials science within two to three years. The company is expanding its AI research scope from consumer applications to fundamental scientific research. In April 2026, ByteDance's Seed research team released Protenix-v2, a model focused on predicting and designing biological molecular structures for potential application

According to PANews, ByteDance's Seed announced on October 13 that it has established the "Seed Model-Alignment & Preparedness" department, led by Yan Lin and reporting to Seed head Wu Yonghui. The department will integrate the original Responsible AI team and select members from the Chat team. The department aims to strengthen investments in safety and alignment, ensuring model behavior aligns with human intent and safety constraints, while improving agent model safety capabilities and mitigati