Gate Crypto Flash News and Market Updates

According to CoinMarketCap, the top 100 cryptocurrencies by market cap showed mixed performance today (October 12). Top gainers: Pyth Network (PYTH) +13.30%; LayerZero (ZRO) +11.33%; Filecoin (FIL) +6.81%. Top decliners: Starknet (STRK) -23.25%; Aptos (APT) -12.12%; Jupiter (JUP) -9.79%.

According to ChainCatcher, U.S. Rep. Warren Davidson said in an interview with Bitcoin Magazine that the future of currency and Western civilization are closely linked. He highlighted that the U.S. carries approximately $40 trillion in debt, and the U.S. dollar has lost about 30% of its purchasing power since 2020, while rising default risks and inflation push interest rates higher. Davidson, founder of the Sound Money Caucus, warned that people without physical assets will lose purchasing power

Cleveland Federal Reserve President Hamac, a voting member of the Federal Open Market Committee in 2026, is scheduled to deliver remarks in minutes.

On Monday (October 12), Micron (MU) stock fell below $1,000, down nearly 5% to mark a three-week low, according to Goldman Sachs trading data. SanDisk (SNDK) dropped 7% on the same day. The selloff came despite Micron's strong guidance issued two weeks earlier, projecting first-quarter revenue of $600–630 billion, well above analyst expectations of $568 billion. South Korea's stock market also declined sharply: the KOSPI index fell 3.65%, the KOSDAQ tech index dropped 4.8%, and the KRX Semicondu

According to Bitget, Nasdaq-100 stocks showed mixed trading during today's session, with social media, e-commerce, and select software stocks rallying while optical communications and semiconductor stocks retreated. Meta Platforms rose 3.68%, Shopify gained 3.32%, and GE HealthCare advanced 3.24%. Lumentum led declines with a 9.22% drop, followed by SanDisk down 5.98% and Nebius down 5.02%.

According to predict.fun, Anthropic's probability of conducting an initial public offering before 2027 declined from 85% to 69% within one week, as tracked by the prediction platform.

On Monday (October 12) during European afternoon trading, UK 10-year gilt yield fell 0.5 basis points to 5.439%, hitting a daily low of 5.399% earlier in the session. The 30-year yield dropped 2.3 basis points while the 50-year yield also fell 2.3 basis points, signaling strength in longer-dated gilts. The 2-year to 10-year yield spread narrowed by 2.247 basis points to +52.881 basis points, reflecting ongoing steepening pressure across the curve.

According to Gate data, the UK100 index rose to 10,652.18 points today, up 0.7% from the previous session close.

According to the British Maritime Trade Organization, a tanker exiting the Hormuz Strait came under shell fire on October 12.

According to Guru Club, the Euro-to-U.S. Dollar exchange rate touched its lowest level since May 2025 on Oct 12, declining 0.38% to 1.1159.

According to Chainwire, on October 13, A7 (the Russian international settlement system created by Bank PSB) will unveil A7 International, a service enabling payments for foreign counterparties' invoices in USDT, with funds arriving via standard SWIFT bank transfer in the required currency. The service targets foreign trade operators and individuals, with a fixed fee of 0.3 percent. Petr Fradkov, Chairman of PJSC Bank PSB, and Ilan Shor, CEO of A7, will present the new offering at 13:13 UTC.

ICE sugar futures rose 2.5% intraday on October 12, reaching 20.76 cents per pound.

According to ChainCatcher, Ark Invest's head of digital assets research Lorenzo Valente reiterated in a Bitcoin Magazine video interview that the firm maintains its five-year bullish perspective on Bitcoin despite the asset's flat performance this year, asserting that Bitcoin's development remains in early stages. Valente highlighted that the rise of stablecoins has shifted Ark's narrative assessment regarding Bitcoin in emerging markets. He also discussed Ark's Big Ideas report, which includes

According to BlockBeats, Brent crude surged over 2.4% on October 12, hitting $107.25 per barrel intraday as geopolitical risks escalated. Russian attacks on Ukrainian energy infrastructure and vessel incidents near the Hormuz Strait heightened concerns over potential supply disruptions. Technical analyst The Great Martis previously noted a bullish inverse head-and-shoulders pattern on Brent's daily chart, suggesting oil could reach $150 per barrel if it breaks above $110, compared to approximate

Ondas (ONDS) and Palantir Technologies (PLTR) launched Regna AI, a standalone private company designed to support military and defense operations, on Monday. According to Ondas CEO Eric Brock, the platform will support intelligence gathering, threat assessment, and mission planning while emphasizing sovereign AI, allowing governments to control their models and sensitive data rather than relying entirely on external providers. ONDS shares rose around 1% at the time of writing. The announcement c

According to Ukrainian officials and Yandex reports, Ukrainian drones struck three major Yandex data centers in Russia over October 8–11, 2026, disrupting the company's ride-hailing, payment, and navigation services. Two facilities in Sasovo and Kaluga were shut down completely; a third in Vladimir had key modules disabled. Yandex operates five primary data centers in Russia, with at least three affected by the strikes. The company's supercomputers used for AI model training, including systems n

The United States, Australia, Canada and other nations issued a joint statement today warning against any attempts by Iran to threaten, suppress, intimidate, harass, harm or coerce people on their territories through proxies or other means. The statement cautioned against taking hostile actions on behalf of Iran.

According to StarkWare CEO Eli Ben-Sasson, Starknet announced on October 8 its consideration to transition from an Ethereum layer-2 to an independent layer-1 blockchain, targeting full quantum resistance by 2027. The announcement coincided with STRK token surging 80% over the past seven days, reaching an intraday peak of $0.126, its highest level since December 2025. Ben-Sasson argued that as an L2, Starknet can only be as quantum-safe as Ethereum, whose own quantum-readiness work targets 2029.

Turkish President Recep Tayyip Erdogan announced he will submit the Mecca Defense Agreement to parliament in the coming days.

According to Foresight News, Ethereum Name Service founder Nick Johnson (nick.eth) submitted an executable draft proposal on October 12 to activate ENSv2 on the Ethereum mainnet. Upon execution, the v1 registrar will freeze new .eth domain registrations. ENS Labs will complete the final pre-migration sync, open v2 registrations, and switch name resolution to v2. The grace period for v2 domains will be shortened from 90 days to 28 days, while existing domain expiration times will be extended by 6