Gate Crypto Flash News and Market Updates

According to BlockBeats, over the past two years, Stripe, Mastercard, and Circle acquired U.S. and Asia-based stablecoin infrastructure companies Bridge, BVNK, and Tazapay respectively, with combined deal value exceeding $3 billion. Stripe purchased Bridge for over $1 billion in 2024; Mastercard's BVNK acquisition reached up to $1.8 billion including earn-out provisions; Circle agreed to acquire Tazapay for $400 million in stock, with completion expected in 2027. Stablecoin transaction volumes s

According to PANews, on October 12, Nvidia and Cisco jointly launched USFP (Ultra Small Form Factor Pluggable), a new optical module specification designed to expand AI factory network capacity. USFP is the first module supporting 400Gb/s per lane, with single-module capacity reaching up to 12.8Tb/s. The specification enables AI builders to connect more compute systems without adding network layers while reducing power consumption per bit. Compared to existing 200Gb/s-per-lane modules, USFP deli

According to Green Pool Commodity Specialists, sugar futures on the New York Mercantile Exchange rose 3.2% on Monday, rebounding ahead of expectations that the strong El Nino phenomenon will tighten supplies from major sugar-producing nations. Record rainfall in Brazil's central-southern region is expected to significantly reduce the 2026-27 sugarcane crop estimate, while further precipitation this week may delay harvesting. The report noted that speculators have actively bought during this rall

According to Zhitong Finance, Max Premier Limited completed the acquisition of approximately 298 million shares, representing 53.77% of Meijia Hui Holdings (01389), on October 5, 2026. The total cash consideration was approximately HK$102 million, or HK$0.3428 per share. Following the completion, Max Premier and its concert parties hold 53.77% of the company and are required to launch a mandatory tender offer for all remaining shares at the same price of HK$0.3428 per share, representing a 34.08

According to Wall Street forecasts reported by BlockBeats on October 12, U.S. September core CPI month-over-month growth is expected to slow to 0.21% from August's 0.29%, while headline CPI is forecast to rise 0.58% month-over-month and 3.64% year-over-year, approaching 3.7%. Median institutional predictions show September headline CPI rising 0.58% month-over-month and 3.64% year-over-year; core CPI expected to increase 0.21% month-over-month and 2.40% year-over-year. Energy price increases are

According to Kaja Kallas, EU High Representative for Foreign Affairs and Security Policy, EU foreign ministers agreed today (October 12) to extend the mandate of the EU advisory mission in Iraq by two years.

Bristol Myers Squibb (BMY) stock dropped over 3% to around $56.80 today after the pharmaceutical company disclosed mixed late-stage trial results for its experimental lung disease therapy: the low-dose version outperformed the high-dose version. Analysts expressed concerns over the counterintuitive dose response, with RBC Capital Markets calling the result "confusing" and requiring further clarification. Contineum Therapeutics, which is developing a similar candidate drug, plummeted 27% to a rec

On October 12 at close, China's commodity futures contracts showed mixed performance. Low-sulfur fuel oil (LU) led gainers with a rise exceeding 6%, followed by fuel oil up over 4%. Propylene, liquefied petroleum gas (LPG), polypropylene, plastic, and pure benzene each rose over 1%. Methanol fell over 5%, while ethylene glycol (EG) declined nearly 2%. Asphalt, polyvinyl chloride (PVC), and synthetic rubber each fell over 1%.

Russia extended its diesel export ban through late October, then pledged to export approximately 4.8 million tons of diesel within days, raising questions about supply availability amid ongoing refinery damage and domestic fuel obligations. The contradiction between the extended restrictions and rapid commitments to large export volumes suggests potential strain on Russia's fuel production capacity.

According to energy consulting firm FGE NexantECA, global crude oil demand has likely peaked in 2025, as reported by Jin10 on October 12. The shift is driven by biofuels and hydrocarbon products from natural gas processing increasingly replacing petroleum consumption. Additionally, the Hormuz Strait crisis this year disrupted the critical Middle Eastern shipping corridor, causing permanent loss of some oil demand, the firm noted. Firm executives Fereidun Fesharaki and analyst Cuneyt Kazokoglu st

According to The Block, Morgan Stanley plans to support tokenized equities on its alternative trading system from Q1 2027, Amy Oldenburg, the bank's head of digital asset strategy, said in an exclusive interview published October 12. The timeline represents a delay from the second half of 2026 that Morgan Stanley indicated in March. The firm is "actively building the necessary infrastructure" for the instruments, Oldenburg said.

According to @tokenterminal, Aave V4 users increased their Coinbase stock positions by 30 to 51 each weekend since September 25. This trend reflects growing interest in using stocks as collateral within decentralized finance, with Aave's 24/7 functionality enabling users to leverage assets outside traditional market hours.

According to The Information, a startup founded by Jeffrey Katzenberg, former Sora research director Bill Peebles, and ex-Dropbox CFO Sujay Jaswa is in talks to gain deep access to OpenAI's Sora video model. Under the proposed terms, the company would be able to heavily customize Sora and sell software built on it, while OpenAI would receive an undisclosed equity stake in the venture.

According to Consumer Edge data, Chick-fil-A and coffee chains captured significant spending share from McDonald's customers in the third quarter. Chick-fil-A gained 0.58 percentage points compared with a year earlier, becoming the largest gainer among tracked limited-service restaurant chains. Coffee businesses proved even more competitive, with Starbucks, 7 Brew, Dutch Bros., and Dunkin' collectively adding 0.88 percentage points of spending share. The shift comes despite McDonald's unveiling

According to Smart Finance App, Chongqing Machinery and Electric (02722) signed a stock transfer agreement on October 12 to sell 51% equity stake in subsidiary Chongqing Carfu Automotive Braking and Steering Systems to Silian Group (a wholly-owned subsidiary of the company's controlling shareholder) for RMB 89.7916 million. Carfu primarily engages in manufacturing automotive components including commercial vehicle steering rods, suspension components, and new energy battery enclosures.

According to BlockBeats, Evernorth Holdings (XRPN), an XRP treasury company, made its Nasdaq debut on October 12, with shares initially surging 13.43% before trimming gains to close 1.49% higher. The company holds approximately 473 million XRP, valued at around $657 million at current prices, positioning itself as the largest listed XRP treasury firm globally. Evernorth also appointed Hugo Jeandesboz, former co-chief investment officer at Coinbase Asset Management, as chief investment officer to

On Monday (October 12), the DATA Network announced its migration from its existing blockchain to operate as a protocol on the Sui network, backed by a $30 million investment from the Sui Foundation. The move represents a strategic pivot toward infrastructure for artificial intelligence data licensing, storage, and payments, the organizations said. The DATA protocol's native token will be retained, with existing tokens converting on a one-for-one basis to the Sui network. Tokenholders will mainta

According to Russian presidential spokesman Dmitry Peskov on October 12, Russia seeks lasting peace rather than a ceasefire. Peskov commented on Ukrainian President Zelensky's remarks about holding elections if Russia agrees to a 60-day ceasefire, stating that Russia has repeatedly made clear its need for long-term peace, not temporary truces, and will do everything possible to achieve this goal.

According to Amundi, gold exchange-traded products (ETPs) and exchange-traded commodities (ETCs) recorded net inflows exceeding €10 billion in the third quarter of 2026, surpassing the full-year inflow record set in 2022.

According to Tom's Hardware, GlobalFoundries announced the FDX Fusion, a 7nm-class fabrication process based on fully-depleted silicon-on-insulator (FD-SOI) technology, with more than twice the transistor density of its original 22FDX process. The company plans to commence production at its Dresden, Germany facility in 2028, following demo silicon delivery in early 2027 and initial process design kit availability in mid-2027. The process targets automotive, edge AI, industrial, robotics, and sen