Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
Today
08:32
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China's Ministry of Finance Deploys 550 Billion Yuan From Debt Reserves, Completes 86.7% of 2026 Replacement Bond Target

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.
08:29
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Evernorth Begins Nasdaq Trading Under XRPN as XRP Holds $1.41, Down 6% Weekly

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.
XRP1.12%
08:25
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Michael Burry Consolidates Bearish Bets Into Nasdaq-100 and Semiconductor ETF Puts, Sees Market Top in 9 Months

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
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08:25
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Kraken Parent Payward Receives Full Regulatory Approval from Dubai VARA

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.
08:25
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Iran Confirms Pakistan and Qatar Remain Mediators Between Tehran and Washington on October 12

According to Iran's Islamic Republic News Agency (IRNA), on October 12, Iran's Foreign Ministry spokesperson Baghaei confirmed in a press briefing that Pakistan and Qatar continue to serve as mediators between Iran and the United States. Baghaei stated that Iran and Russia conducted consultations on various issues including nuclear matters, during which Iran's President presented the country's seven-point proposal and reiterated Iran's position and concerns regarding the overall situation. Bagha
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08:23
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S&P 500 Q3 Earnings Expected to Rise 24.3%, Tech Sector Leads With 43.3% Growth

According to Zacks, S&P 500 earnings are expected to grow 24.3% year-over-year in Q3, marking the eighth consecutive quarter of double-digit growth. The technology sector is anticipated to lead with a 43.3% increase, emerging as the primary driver of overall earnings gains. Key tech company earnings dates span October through December, including Tesla on October 21, Nvidia on November 18, Apple on November 2, Microsoft on October 28, and Alphabet on October 28. Additional reports from major firm
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08:21
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Morgan Stanley to Launch Tokenized Stock Trading on ATS in Q1 2027, Delayed from 2026 H2

According to The Block, Morgan Stanley now expects to support tokenized stock trading on its alternative trading system (ATS) starting in the first quarter of 2027, pushing back from its previously announced 2026 second-half timeline. Amy Oldenburg, Morgan Stanley's head of digital asset strategy, stated that Q1 is a more realistic timeframe as it aligns with broader ecosystem progress, with the team actively developing the platform.
08:16
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Qualcomm-Arm Jury Deadlocked on Patent Licensing Dispute, Resumes Deliberations Tuesday

According to Reuters, a jury in the Qualcomm-Arm licensing trial remained deadlocked on Friday after approximately four hours of deliberation, failing to reach a verdict on whether Arm breached its licensing agreements or interfered with Qualcomm's partnership with Meta. Proceedings are scheduled to resume on Tuesday, October 13. The dispute centers on Qualcomm's 2021 acquisition of chip designer Nuvia and its integration into Qualcomm's Oryon CPU architecture. Arm claims Nuvia's licensing agree
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08:15
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SGX Launches 1-Hour Liquidity Window for Asian Bond Futures Starting Tuesday to Attract European Traders

According to Jin10, Singapore Exchange launched a one-hour liquidity window on Tuesday, October 12, to enable European investors to trade Asian bond futures during their local working hours. The window opens at 10 a.m. London time, equivalent to 5 p.m. Singapore time, marking the tail end of the Asia trading session. The initiative aims to attract market makers and asset managers to increase trading activity during this window, addressing the challenge where European institutions previously had
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