Gate Crypto Flash News and Market Updates

According to Yonhapinfomax, WTI crude for November delivery climbed $1.89 to $93.74 per barrel on October 12 (U.S. Eastern Time), marking the third consecutive trading day of gains. Brent crude for December rose $1.93 to $106.65 per barrel. The price increases were driven by escalating attacks from Yemen-based Houthi militants targeting Saudi Arabia's airports and oil facilities, resulting in at least 14 deaths over two days—the worst casualties in over a decade. SEB commodity analyst Bjarne Sch

According to the Saba News Agency, Yemen's government military reported killing approximately 950 Houthi militants in military operations over the past 24 hours on October 12, military spokesman Majid al-Nuzeili said. As part of the "Yemen Dawn" operation, government forces have conducted 1,879 strikes against Houthi military targets. The military also destroyed about 380 military vehicles and disrupted Houthi fire positions, command and supply systems. Airstrikes in Taiz Province targeted Houth

According to CNBC, Elon Musk donated over $276 million to Republican groups since July, becoming the biggest known donor for the 2026 midterm election. The largest share, $158 million, went to the Senate Leadership Fund, the main super PAC backing Republican Senate candidates, while over $76 million was directed to America PAC, the political action committee Musk founded. His total federal political giving for the 2025-26 cycle has reached approximately $366 million, surpassing the roughly $290

According to Standard Chartered, the British bank's Dubai International Financial Center branch now supports institutional custody of Ripple USD (RLUSD) issued on the XRP Ledger, announced Monday. The service is regulated by the Dubai Financial Services Authority (DFSA). Standard Chartered also joined a planned integration with LMAX Group to enable RLUSD as trading collateral through collateral mirroring, allowing clients' tokens to remain at the bank while LMAX credits their value toward trades

According to a Reuters/Ipsos poll reported on October 13, approximately 69% of Democrats and 61% of Republicans oppose using prediction markets to bet on U.S. elections, military actions, and government policy announcements. The respondents cited concerns that such markets are immoral, socially corrosive, and potentially damaging to national security. Only 8% of Democrats and 9% of Republicans support such betting. The prediction market sector, led by platforms including Polymarket and Kalshi, h

U.S. President Donald Trump recently stated that Putin is more willing to reach an agreement than Zelensky regarding peace negotiations. Trump's comment reflects his perspective on the negotiating positions of both leaders in the ongoing Ukraine conflict.

U.S. President Donald Trump discussed strikes launched by Yemen's Houthi militants with Saudi Crown Prince Mohammed bin Salman on October 12. Trump described the Houthi group's conduct as "misbehaving".

Iran's Revolutionary Guards Commander stated that no foreign power has the right to threaten, adopt a hegemonic stance, or intervene in the Hormuz Strait and Persian Gulf. The remarks underscore Iran's rejection of external military presence and interference in strategic maritime regions.

According to CryptoQuant, Binance now holds 49% of Ethereum futures open interest, a record-high level since 2023. The significant concentration of ETH futures on a single exchange highlights Binance's dominant position in the crypto derivatives market.

On Monday (October 12), spot gold declined 0.56% to close at $4,170.70 per ounce, after reaching an intraday high of $4,217.31 in Asia-Pacific early trading and subsequently dropping to a daily low of $4,154.78. Spot silver fell 0.93% to $60.2573 per ounce. COMEX copper futures rose 1.04% to $6.7615 per pound, extending gains through Asia-Pacific and early European trading.

According to ChainCatcher, Meta Platforms will report its third-quarter 2026 earnings on October 21 after U.S. market close, with an earnings call scheduled for 4:30 PM ET (4:30 AM Beijing time on October 22).

On Monday, October 12, U.S. ETF markets moved in mixed directions. The Brent crude oil ETF led gainers with a 1.8% increase, while the VIX volatility ETF suffered the steepest decline, falling 1.77%. Emerging market ETF dropped approximately 1%, alongside declines in Nasdaq-100 ETF and gold ETF, each down roughly 1%. The S&P 500 ETF and Russell 2000 ETF also retreated, each falling under 0.4%, while real estate ETF gained 0.78%.

Meta released Muse Wonder and Muse Wonder Full on October 12, the first frontier-class AI models from its Superintelligence Labs, featuring a 1 million token context window. The API version costs $4 per million input tokens and $20 per million output tokens, below OpenAI's GPT-6 Astra at $10 and $50. On Meta's internal benchmarks, Wonder Full outperforms Claude Opus 5.5 and GPT-6 Astra on coding and legal agent tasks. However, independent rankings from Artificial Analysis place Opus 5.5 first at

On Monday, venture capitalist Chamath Palihapitiya highlighted power and physical infrastructure as potential lasting constraints in the AI competition, following Microsoft's announcement of its Maia chip family. Palihapitiya noted that silicon and application companies are converging as "everyone competes with everyone," each offering their own chips, cloud, and applications. He questioned what lasting constraint could support long-term markets and margins. Elon Musk responded that "scaling pow

According to the Solana Institute CEO @millercwl, at the recent Solana Summit Korea, the institute spotlighted the growing trend of trading tokenized U.S. equities onchain. This development has emerged as one of the most compelling narratives surrounding Solana over the past 18 months, signaling potential institutional adoption of blockchain technologies for traditional asset trading.

According to The Information, on October 12, IREN stock erased early premarket gains after the outlet reported that the AI cloud infrastructure provider has an unannounced multiyear agreement with Anthropic, developer of the Claude AI models. The report cited people familiar with the relationship, though neither IREN nor Anthropic has publicly confirmed the arrangement or disclosed financial terms. IREN shares initially climbed approximately 4% in premarket trading to $36.44, but the rally faded

Murphy Oil projects net peak production from its Lac Da Vang oil field offshore Vietnam at 10,000 to 15,000 barrels of oil equivalent per day during 2028-2029.

According to Goldman Sachs' latest "Macro Conversation" podcast, chief U.S. stock strategist Ben Schneider and TMT analyst Pete Callahan outlined a major pivot in AI investing. As market consensus around 2027 AI capital spending solidifies, investors are shifting focus upstream from semiconductor hardware toward application layers, including inference economy and enterprise AI deployment tools spanning cybersecurity and data infrastructure. Callahan emphasized this reflects market demand for the

According to CryptoTwitter commentator @virtualsio, ProjectVEXai announced new coding tools designed for decentralized token management and trading. The tools enable users to swap tokens, bridge funds, and trade perpetuals directly from their machines while maintaining control of their private keys, utilizing coding agents such as Claude. The launch comes as Robinhood Chain has recently surpassed $200M in agent volume, reflecting growing demand for innovative decentralized trading solutions.

On Monday (October 12), U.S. industry ETFs showed mixed performance. Semiconductor ETF declined 2.05%, while global tech and network stock indices fell 0.83% to 1.36%. Energy sector ETF rose 1.43%.