Gate Crypto Flash News and Market Updates

According to the UAE Prime Minister, the United Arab Emirates has approved its 2027 federal budget with total expenditures of AED 90.1 billion (approximately $24.5 billion).

According to Jin10 data, on October 12, the Swiss franc strengthened against the euro but further upside may be limited, according to ING analyst Chris Turner. Recent franc gains were driven primarily by French debt concerns that dampened market expectations for European Central Bank rate hikes. Turner noted that eurozone inflation remains elevated, suggesting the ECB may still have room to tighten policy further.

According to its announcement, Baosheng International (03813) reported cumulative net operating revenue of 124.03 billion yuan for the first nine months of 2026 (as of September 30), down 3.9% compared to the same period in 2025 (129.03 billion yuan).

According to Zhitong Finance, Jianfa International Group (01908) reported that as of September 30, 2026, the group and its associates achieved attributable contracted sales revenue of approximately 65.58 billion yuan for the nine-month period, representing a 7.7% year-over-year decline. Attributable contracted sales floor area reached approximately 2.45 million square meters, down 10.9% compared to the same period last year.

According to Delta CEO Ed Bastian during a Friday CNBC interview, the airline tested SpaceX's Starlink years ago but talks stalled over deployment timing and customer access disagreements. "We had conversations 6 years ago when Starlink was just launching. We in fact gave them some of our planes to test it out," Bastian said, adding he remains a fan of the satellite service. Delta is instead partnering with Viasat, Hughes, and Amazon Leo for onboard connectivity.

According to Chris Wood, Jefferies' global equity strategy chief, the current AI investment boom resembles the 2008 subprime crisis, with major cloud providers extending unsecured credit to unprofitable AI companies OpenAI and Anthropic. As of Q2 2026, Microsoft, Google, Amazon, and Oracle's combined remaining performance obligations (RPO) reached $2.34 trillion, up 186% year-over-year, with approximately half stemming from the two loss-making AI firms. Wood warned this concentration mirrors pre

According to analyst PlanB, he shifted his Bitcoin holdings from self-custody to ETF holdings in 2025, a decision that drew criticism. PlanB stated on October 12 that he has no regrets about the move, citing security concerns with hardware wallets following reported vulnerabilities in Coldcard and unauthorized hardware implants found in Ledger devices.

According to Zhitong Finance, Hong Kong's three major indices closed mixed on October 12, 2026. The Hang Seng Index rose 0.25% or 59.85 points to 24,271.2, while the Hang Seng Enterprises Index also gained 0.25% to 8,168.57. However, the Hang Seng Tech Index declined 0.67% to 4,169.57. Daily turnover reached 162.632 billion Hong Kong dollars. Among notable movers, Seres Automotive (09927) surged 15.22% to 38.92 Hong Kong dollars as Avatr announced plans to enter the European market in 2027, with

According to Zhitong Finance App, Chenxun Technology (02000) reported nine-month unaudited revenue of HK$267 million as of September 2026, down 1.2% year-over-year. The decline was primarily attributed to the cessation of automotive intelligent products business since January 2026.

Ukrainian President Volodymyr Zelenskyy denied yesterday night that a Russian oil refinery caught fire.

According to Guru Club, Indonesia's benchmark stock index fell 4.2% to 5,688.57 points on June 4, marking its lowest level since December 2020.

Ukrainian President Volodymyr Zelenskyy stated on October 12 that diesel supplied by Russia will not have any impact on the global market.

On October 12 at 4:30 p.m., the onshore Chinese yuan closed at 6.6930 against the U.S. dollar, down 9 points from the previous trading day.

According to China's Ministry of Finance on October 12, the ministry arranged 550 billion yuan from local government debt reserve limits to support debt restructuring efforts. As of end-July, provincial authorities had issued 1.73 trillion yuan in replacement bonds, fulfilling 86.7% of the 2 trillion yuan annual issuance target. The ministry reiterated its commitment to implementing a comprehensive debt-reduction policy and accelerating the resolution of existing hidden liabilities.

Ukrainian President Volodymyr Zelenskyy stated that Ukraine cannot hold elections due to security reasons. The statement reflects ongoing concerns about the country's ability to conduct electoral processes amid the broader security situation.

Evernorth, a company holding 473 million XRP, began trading on Nasdaq under ticker XRPN today (October 12), as XRP trades at $1.41, down more than 6% over the week. The business combination with Armada Acquisition Corp. II closed on October 9, following a brief administrative delay. Evernorth has approximately $300 million in gross cash proceeds and stated it intends to deploy capital across XRP ecosystem strategies, including institutional yield and on-chain credit initiatives.

According to OPEC Secretary General, global oil demand growth stands at 400,000 barrels per day in 2026.

According to BlockBeats, Ukrainian President Volodymyr Zelenskyy stated on October 12 that Ukraine is prepared to sign a ceasefire guarantee agreement.

According to his latest Substack post published on Sunday, Michael Burry has consolidated most of his bearish positions into put options on the Nasdaq-100 Index and VanEck Semiconductor ETF (SMH), anticipating a potential market top within the next nine months. Burry's Nasdaq-100 puts expire in April 2027, while his SMH puts run through June 2027, with the latter offering concentrated exposure to semiconductor stocks including Nvidia (19.6%), Taiwan Semiconductor Manufacturing Co. (9.3%), and Ad

According to Solid Intel, Payward, the parent company of Kraken, has received full regulatory approval from Dubai's Virtual Assets Regulatory Authority (VARA). The cryptocurrency exchange Kraken plans to launch in the United Arab Emirates and will support AED (UAE Dirham) deposits and withdrawals.