Gate Crypto Flash News and Market Updates

China's overnight SHIBOR declined 0.2 basis points to 1.2640%, while the 7-day rate fell 0.7 basis points to 1.3390% on October 16. The 3-month SHIBOR remained unchanged at 1.4300%.

According to Globenewswire, Strive announced on October 16 that it has expanded its Series A preferred stock IPO offering for SATS to 7 million shares from 5 million shares, with a public offering price of $90 per share. The company expects to raise approximately $630 million in gross proceeds before deducting underwriting discounts, commissions, and estimated offering expenses. Settlement is expected on October 20, 2026, subject to customary closing conditions.

According to Jin10, India's government on October 16 adjusted export taxes on fuel for the next two weeks to balance international energy prices and domestic supply. Gasoline export tax was raised from 0.5 rupees per liter to 2.5 rupees per liter, while diesel export tax was cut from 16 rupees per liter to 8.5 rupees per liter. Aviation fuel export tax remained unchanged at 10.5 rupees per liter.

According to Investopedia, on October 15, investors rotated out of technology stocks and into consumer stocks, with Nike surging over 5%—the biggest gainer among Dow Jones components on the day. Nike had declined 45% year-to-date before the rally. Sherwin-Williams, Home Depot, Walmart, and McDonald's also rose, lifting the Dow Jones index up 1%, while Nvidia and Amazon fell. UnitedHealth Group and Amgen gained approximately 2% each as healthcare stocks also attracted buying interest.

According to RootData data tracked by ChainCatcher, Zora (ZORA) will unlock approximately 166.67 million tokens valued at around $1.12 million on October 23 at 9 PM Beijing time.

According to GMGN data, FTR led KOL net inflows in the past 24 hours with $10,000 inflow and a 5,703% gain to $0.0054. PUMP ranked second with $5,000 net inflow but declined 0.9% to $0.0046, while Normie also saw $5,000 inflow and rose 16.5% to $0.0009.

According to Jin10, Shanghai gold traded at 895.31 yuan per gram on Friday, October 16, trading 2.95 yuan lower than the international gold price of 898.26 yuan per gram.

According to RootData, SOON will unlock approximately 20.24 million tokens worth around $6.03 million on October 23 at 1:00 PM Beijing time.

According to RootData, Meteora will unlock approximately 4.72 million MET tokens on October 23 at 12:00 UTC+8, valued at roughly $1.78 million.

According to Bloomberg, AI data center developer Nscale plans to hold an IPO as early as this October. However, the company's data center operations are struggling, with actual operational capacity representing less than 1% of the potential capacity outlined in its S-1 filing. Nscale faces multiple challenges including construction delays, equipment failures, regulatory issues, and employee complaints, with virtually no operational data centers currently in service.

According to Bitget data, Indonesia's Jakarta Composite Index fell to 5,193.22 points, down 11.4%, on October 16. The decline marks the index's lowest level since November 2020.

According to MSX announcement, the platform completed cash dividend distribution for five U.S. equity token holdings on October 14-16, 2026. The distributions were credited to eligible user accounts automatically. The targeted tokens are Lam Research (LRCX), Occidental Petroleum (OXY), Sui (SUI), Hewlett Packard Enterprise (HPE), and Intuit (INTU), with execution dates on October 14, 15, 15, 16, and 16 respectively. Dividends per share are 0.33 USD (LRCX), 0.28 USD (OXY), 1.12 USD (SUI), 0.1425

According to SoSoValue data cited by ChainCatcher, U.S. Solana spot ETFs recorded net outflows of $9.82 million on October 16. Grayscale Solana Trust (GSOL) led outflows with $6.01 million, while Bitwise Solana Staking ETF (BSOL) saw $3.80 million in net withdrawals. Total assets under management for SOL spot ETFs reached $1.68 billion.

According to South Korea's Ministry of Economy and Finance, on October 16, the government simplified foreign exchange procedures for won borrowing to support the internationalization of the Korean won. Non-resident borrowing of up to 5 billion won from banks is now exempt from prior notification, while amounts exceeding that threshold require only post-transaction reporting. Foreign securities firms' domestic branches are now permitted to borrow won on equal terms with domestic entities. Additio

According to Polymarket, on October 16, trader dromedaryy spent $19,200 betting that Tesla Roadster would fly for at least one second. The position is now worth approximately $192,400, generating $173,100 in profits at a 898.51% return.

Palladium futures mainboard contract rose over 3% today, trading at 271.5 yuan per gram.

According to SoSoValue, on October 15 (U.S. Eastern Time), Solana spot ETFs recorded $9.8179 million in total net outflows. Grayscale Solana Trust (GSOL) led the outflows with $6.0145 million, bringing its cumulative net inflows to $160 million. Bitwise Solana Staking ETF (BSOL) posted $3.8034 million in outflows, with cumulative net inflows of $1.192 billion. As of reporting, the combined assets under management for SOL spot ETFs totaled $1.676 billion.

According to BlockBeats, on October 16, X Layer and TapeOut jointly launched a two-month developer acceleration program targeting developers, creators, and on-chain communities. The initiative encourages participants to build real-world user-focused applications on X Layer using the TapeOut protocol and ecosystem tools. The program features live sessions, open AMAs, mentor Q&A, and online/offline Demo Days, with joint evaluation from X Layer and TapeOut teams assessing product value, user experi

According to Reuters and Ukrainian President Zelenskyy, Ukrainian forces destroyed 4 Su-34 fighter-bombers and hit 2 additional aircraft early on October 15, striking the Borisoglebsk military airbase in Russia's Voronezh region with long-range Neptune missiles. The airbase, located about 370 kilometers from the front line, serves as a base for Russian Aerospace Forces combat aircraft. Zelenskyy stated the targeted Su-34s were armed with guided glide bombs prepared for attacks on Ukraine. The Lo

According to Jin10, PBOC Vice Governor Tao Ling said on October 16 that the central bank will continue supporting financial institutions in conducting offshore yuan loans and cross-border trade financing. The PBOC will also encourage more overseas institutions to participate in panda bond issuance and trading, and support Hong Kong's development of the offshore yuan bond market, while promoting innovations in repo markets, derivatives, and international currency swap arrangements with more count