Gate Crypto Flash News and Market Updates

According to predict.fun monitoring data, JDG's win probability against BFX in tonight's Demacia Cup international invitational round-of-8 match stands at 33%. The BO5 match kicks off at 6 PM. JDG temporarily replaced mid laner HongQ and jungler JunJia with Angel and xiaofang due to Asian Games schedule conflicts.

According to the China Association of Automobile Manufacturers, the domestic automotive industry saw slight declines in production and sales during the first three quarters of 2026, with the market displaying a "cold inside, hot outside" trend. Despite domestic market pressure, new energy vehicle sales continued to expand their market share, while auto exports maintained strong growth momentum.

According to Jin10, on October 8, China's Finance Minister Lan Fuan met with World Bank Managing Director and Chief Knowledge Officer Pascal Donohoe in Beijing to discuss bilateral cooperation and International Development Association (IDA) capital replenishment. Deputy Finance Minister Liao Min attended the meeting.

According to Seoul Economic Daily, Andreessen Horowitz partner Raghu Raghuram will visit South Korea on October 12 to seek partnerships with local AI hardware and infrastructure companies in chips and robotics. The visit follows the launch of A16z's US$1.1 billion Machine Age Fund for AI hardware and infrastructure technology. During meetings with executives and officials, Raghuram plans to discuss technology development, commercialization, and possible partnerships with A16z portfolio companies

According to Channel News Asia, on October 12, TikTok CEO Chew Shou Zi urged companies to better understand AI cybersecurity risks at the DBS Asia Future Forward conference in Singapore. He warned that users may grant AI agents broad permissions, including access to credit cards, without fully understanding the consequences. Chew also noted that agentic AI has lowered the cost of producing spam, and called on companies to train employees to avoid sharing trade secrets or legally privileged infor

Tencent repurchased shares worth HKD 100.36 million on October 12, according to the company's announcement.

According to CoinGecko data, SUI crypto trades at $1.12, up +2.2% over the past 24 hours. The gain follows the Sui Foundation's $30 million investment in DATA Network, marking a strategic expansion of the Sui ecosystem. Under the partnership, DATA will retire its independent chain and migrate its token to Sui on a 1:1 basis. Walrus will serve as the default storage layer for DATA applications, while Trace will track AI-training-data provenance and usage rights. CoinGecko lists SUI's 24-hour trad

According to the Swedish Royal Academy, Robert E. Hall of Stanford University and Michael Woodford of Columbia University were awarded the 2026 Nobel Prize in Economics on October 12. The award recognizes their foundational contributions to microeconomic theory underlying macroeconomic stabilization policy.

According to Yonhap Infomax, the Korea Securities Association held a seminar on Oct 12 in Seoul to discuss the development direction of Outsourced Chief Investment Officer (OCIO) services for pension funds. Industry participants and academics emphasized the need for diversified investment solutions and qualitative evaluation criteria to expand market participation beyond large institutional players. Key discussions also covered the regulatory framework for newly proposed fund-type retirement pen

According to Zhitong Finance, Timely China Holdings (01233) reported cumulative contract sales of approximately 2.516 billion yuan (including joint venture projects) for the first nine months of 2026, down 36.03% year-over-year. Signed building area reached approximately 239,900 square meters. In September 2026 alone, the group recorded contract sales of approximately 279 million yuan, down 7.31% YoY, with signed area of approximately 20,200 square meters.

According to China Travel Service Hong Kong Limited (HKEX: 00308), the company's scenic spot operations received approximately 730,000 visitors during the 2026 National Day holiday, representing 6% growth compared to the combined 8-day National Day and Mid-Autumn Festival break in October 2025. Revenue during the period reached approximately 100 million yuan, up 13% year-over-year. Daily average visitor numbers and revenue increased approximately 21% and 29%, respectively, compared to the 2025 h

According to Lianlian Digital (02598), the company repurchased 54,000 shares for approximately HK$176,500 (US$22,600) on October 12.

According to BlockBeats, on October 12, Bitget's Greater China head Xie Jiayinshared insights from the Singapore Token2049 conference. Users are becoming increasingly sophisticated and now reverse-define products, with features like options and strategy platforms emerging from user demand to amplify capital efficiency. Additionally, market bubbles are clearing as projects move away from pure token-based marketing toward creating real value through payments, asset management, and brokerage servic

BYD is aiming to achieve large-scale automotive production at its Hungarian facility by the fourth quarter of 2026. The company has also shortlisted France and Spain as potential locations for its next European manufacturing plant.

Saudi Aramco's chief executive officer announced that the company aims to increase its natural gas sales production capacity by approximately 80% compared to 2021 levels by 2030.

According to Mohit Kumar, chief European economist at Jefferies, the Trump-Putin diesel supply agreement announced on October 12 is unlikely to produce substantial market impact. Kumar stated the deal would circumvent existing sanctions on Russia and faces opposition from U.S. and European leaders. While increased diesel supplies could ease some price pressure, the agreed-upon supply volumes are insufficient to generate meaningful effects.

According to CLP Holdings' announcement, the company's Hong Kong electricity sales rose 2.5% year-on-year to 28.131 billion kWh during the first nine months of 2026, driven by steady economic growth and rising electricity demand across most industries. Data center electricity consumption surged 12.8%, accounting for 6.6% of total usage, boosted by rapid development in artificial intelligence and other innovative technologies.

According to HTX, BNB broke below $750 to trade at $749.95 today, up 0.3% in the past 24 hours.

According to Guru Club, WTI crude oil broke through $93 per barrel on October 12, rising 1.25% intraday. Brent crude oil surged past $106 per barrel, gaining 1.24% on the day.

According to an announcement, CLP Holdings (00002) will pay its third-quarter ordinary dividend of HK$0.63 per share on December 15, 2026.