Gate Crypto Flash News and Market Updates

According to DigitalAsset, on October 12, Hyundai and Kia publicly disclosed two NFT Service System patents that enable NFT-based user authentication for in-vehicle payments and accident response. The first patent (KR20260001392A, disclosed January 5, 2026; also filed in the U.S. as US20260004307A1) links vehicle manufacturing information, vehicle owners, and actual users through NFTs on a blockchain network. During in-vehicle payments, the system identifies the payer by retrieving user informat

According to Jin10, Saudi Arabia's energy minister said on October 12 at the World Petroleum Congress in Riyadh that the kingdom's energy supply remains resilient despite recent attacks on energy and aviation infrastructure and amid market and security volatility. He stated that energy resilience extends beyond production capacity, pipelines, and generation ability to include maintenance, repairs, alternative supply routes, and recovery capabilities. "The most important measure is the ability to

According to Iran's Tasnim news agency, Iranian Foreign Ministry spokesperson Baghaei stated on October 12 that the U.S. request for Russian assistance demonstrates the Strait of Hormuz crisis remains unresolved. Baghaei noted that if the issue had truly been settled as the U.S. claims, there would be no need for the U.S. to seek help from Russia in addressing its challenges. The request itself is clear evidence that the problem persists.

According to Dalian Commodity Exchange, chemical futures inventory data on October 12 showed: polyvinyl chloride (PVC) inventory reached 118,281 contracts, up 526 contracts day-over-day; polyethylene inventory fell to 4,094 contracts, down 31 contracts; polypropylene declined to 27,624 contracts, down 341 contracts; ethylene glycol remained at 6,226 contracts; liquefied petroleum gas stayed at 1,083 contracts.

According to Jin10, China's Foreign Ministry spokesperson Mao Ning announced on October 12 that Beijing will engage in full dialogue and consultations with other parties at the CICA 7th Summit. Mao Ning stated that China will practice multilateralism and actively implement four major global initiatives to advance Asian governance and contribute to building an Asian community of shared destiny. The CICA, established as a major regional security dialogue mechanism in Asia, has contributed to incre

According to Crypto Briefing, SWI Group completed its acquisition of approximately 77% economic interest in Genesis Digital Assets (GDA) for $500 million on June 15, 2026. GDA, which operated FTX's former Bitcoin-mining infrastructure, will be repurposed for artificial intelligence and high-performance computing workloads. The deal grants SWI control of 1.3 gigawatts of energized grid connections across 15 facilities, primarily located in Texas with additional sites in Sweden, bringing SWI's tot

According to Foresight News, London-listed tech company The Smarter Web Company completed a preferred stock initial public offering on October 12, raising GBP 10 million in gross proceeds with GBP 8.34 million net after fees. The company is scheduled to list on the London Stock Exchange on October 14. Of the net proceeds, 46.08% will be allocated to working capital and general corporate purposes, 47.93% will be used to purchase additional Bitcoin, and 5.99% will support business growth strategy

According to Jin10 Futures, as of October 10, domestic gasoline bid-ask spreads stood at 1,073 and 1,425 yuan per ton, while diesel spreads were 309 and 393 yuan per ton respectively. Diesel external procurement costs remained elevated with tight spot resources limiting supply, keeping wholesale prices resilient. Gasoline faced post-holiday demand weakness, with wholesale prices under pressure and spreads slightly wider than pre-holiday levels but still in a low range, squeezing retail margins.

According to Guru Club, IMF Chief Kristalina Georgieva warned on October 12 during the IMF and World Bank annual meeting in Bangkok that artificial intelligence poses a disruptive threat to labor markets and tax systems, calling it a "slow-moving tsunami." Georgieva stated that AI is already weakening demand for human workers by replacing repetitive and routine jobs, while potentially shifting the economy away from labor toward capital income. She emphasized the tax revenue risks, as traditional

According to RootData's latest tokenized asset dashboard data reported by ChainCatcher, Bitget ranks first in both TradFi asset depth and asset count. By depth, Bitget holds approximately $336 million with a 38.3% market share; by asset count, it leads with 3,020 assets representing 52.3% of the market. The data covers crypto-native asset types including derivatives and tokenized assets only.

According to Guru Club, on October 12, Oriental Harbourview released a report highlighting that major tech companies have concentrated on launching Agent products this month. Meta's Muse has maintained the top position in iOS app downloads since its launch, OpenAI's Agent Dots is featured prominently in ChatGPT, Google released Agent CC, and Tencent has expanded its WeChat-based Mini Assistant trial. The report indicates this shift from model competition to Agent product launches represents a si

According to Coinglass data, Coinbase's Bitcoin premium index has held negative for 19 consecutive days, currently at -0.12%, marking a near-term low. The index measures the price difference between Bitcoin on Coinbase and the global market average. Negative premium typically signals strong selling pressure in the U.S. market and declining investor risk appetite.

According to Jin10, two major foreign exchange options contracts on euro and Japanese yen are set to expire on October 12 at 22:00 Beijing Time, with strike prices exceeding 1 billion yuan each.

According to Yonhap Infomax, Bank of Korea Governor Shin Hyun-song indicated on October 12 that the nation's GDP gap is approaching the critical threshold and may shift into positive territory by year-end or early next year. Responding to a lawmaker's question during a parliamentary audit, Shin stated the central bank is currently re-estimating the GDP gap rate, describing it as "close to the threshold." When pressed on whether the figure would turn positive by year-end, the governor indicated a

According to Foreign Ministry spokesperson Mao Ning, China will assess the necessity of issuing a travel warning to India in response to recent developments. This came after youth-led protests erupted in Delhi over the weekend, with demonstrators calling for the resignation of India's election commission chief. Mao stated that China is monitoring the situation and will consider appropriate measures based on how events unfold.

According to Jin10, China's Foreign Ministry expressed condolences to Nepal on October 12 following a landslide disaster and offered to provide assistance as needed. Foreign Ministry spokesperson Mao Ning stated the ministry has no reports of Chinese citizens injured or killed in the incident.

According to NASA Administrator Jared Isaacman, Rocket Lab (RKLB) stock rose 0.4% overnight on October 12 as the U.S. and China narrowed their moon return race to "months, not years." China aims to land astronauts by 2029, while NASA targets a crewed return by end of 2028. Isaacman named Rocket Lab as one of five commercial space companies NASA can draw on for its estimated $30 billion moon-base effort. Rocket Lab's Neutron rocket, targeting launch-pad delivery in Q4 2026, offers a competitive a

According to Odaily, OKX CEO Star on X criticized Binance CEO CZ's recent statement that the platform voluntarily compensated users with approximately $800 million. Star challenged the characterization as "voluntary," arguing that the prior market crash inflicted hundreds of billions in losses on investors, making the compensation inadequate as grounds for self-praise. CZ had stated Binance had no obligation to compensate users but chose to do so, and noted the platform maintained net inflows de

According to Morgan Stanley's October 9 research report, the S&P 500 equal-weighted index fell 5% in September, while the market-cap-weighted index declined 0.5%. The top six stocks contributed approximately 190 basis points to losses, while the remaining constituents dragged performance by 240 basis points. AI and semiconductor stocks traded at a median forward price-to-earnings ratio of 32x, significantly above the 10-year average of 19x.

According to Chinese Foreign Ministry spokesman Maoning on October 12, China appreciates rational voices within Japan calling for improved relations and acknowledging that Japan bears responsibility for bilateral tensions. Maoning stated that the root cause lies in flawed historical and China-related perspectives held by Japan's current leadership, which undermines the political foundation of China-Japan relations. He urged Japanese policymakers to listen to these voices within their country, ad