Gate Crypto Flash News and Market Updates

According to CCTV, China released its first comprehensive AI supply-chain evaluation benchmark, 'Qiusu' 4.0, on October 13. The framework includes 16 testing tools across four major categories—infrastructure hardware/software, models and intelligent systems, safety governance, and industry applications—covering everything from chip computing power to large language models and AI security. 'Qiusu' has completed pilot testing across financial, power generation, and oil and gas sectors, accumulatin

According to ChainCatcher, Gate founder and CEO Dr. Han will deliver a keynote speech at the Oxford Union on November 12 from 3:30-4:30 p.m. UTC. The event will take place at the Oxford Union's historic venue on St Michael's Street in Oxford, England. Founded in 1823, the Oxford Union is an independent student debating society with over 200 years of history that has hosted global leaders, celebrities, and Nobel Prize laureates. Gate, established in 2013, serves over 61 million users worldwide wi

According to Yonhapinfomax, Japan's Nikkei 225 index fell 1,253.40 points (1.82%) to 67,777.52 on October 13, as AI and semiconductor stocks faced selling pressure over intensifying competition from Chinese manufacturers. SoftBank Group plunged over 8%, while Tokyo Electron and Advantest declined 6% and 3% respectively. The weakness was triggered by reports that Chinese chip maker CXMT made significant progress on new memory products with expanded capacity. In contrast, China's Shanghai Composit

According to ChainCatcher, JPMorgan Chase (JPM.N) fell 2% in pre-market trading following the release of third-quarter earnings.

According to ChainCatcher, CoinSwitch Ventures, the investment firm of CoinSwitch co-founder Ashish Singhal, has rebranded to BlackLane Capital. The firm announced today (October 13) a five-year target to facilitate over $100 million in startup funding through its own investments and founder and investor networks. BlackLane Capital will invest in fintech, enterprise infrastructure, consumer apps, and digital assets, with individual check sizes up to $5 million, compared to its previous average o

France's National Assembly Finance Committee has approved an amendment requiring self-custody crypto assets worth €100,000 or more to be reported as of year-end, with penalties up to €10,000 for non-compliance. The amendment has not yet become law and may be subject to further adjustments. The reporting threshold is equivalent to approximately $112,000 USD.

Greece's Finance Minister announced today that heating oil subsidies will increase by 30% this year.

According to Jin10, Germany's government issued a statement on October 13 demanding that Iran must conduct genuine negotiations and cease destabilizing regional activities. The statement called for an immediate end to maritime blockades by Iran and Houthi forces. German Chancellor Merz spoke with Saudi Arabia's Crown Prince today, focusing on Houthi attacks including strikes on Riyadh airport, Middle East tensions, and impacts on German energy prices.

According to official announcement, Gate Card's auto-recharge feature has been fully upgraded to connect savings accounts, Gate Money, deposit savings, and stock accounts, supporting 14 cryptocurrencies and tokenized stock assets for automatic fund transfers. Users can customize the deduction order of accounts and assets, enabling automatic top-up when card balance runs low. Gate has previously announced a partnership with Visa to launch a crypto-linked card, planning to expand services to over

According to Odaily, KuCoin Nigeria Limited has been granted conditional approval (AIP) by Nigeria's Securities and Exchange Commission to join the Accelerated Regulatory Incubation Program (ARIP). The approval does not constitute final registration, licensing, or authorization to conduct operations; KuCoin Nigeria cannot launch services until all pre-launch conditions are met and further written permission is obtained from the SEC.

According to South Korea's Ministry of Public Administration and Security, on October 13, the country's Foreign Ministry, Unification Ministry, and Defense Ministry announced plans to relocate from Seoul to Sejong Special Autonomous City by 2031. The relocation will affect approximately 10,000 civil servants.

According to ChainCatcher, Alibaba released Qwen Glasses N1 smart eyewear on Tuesday, with the base model priced at 2,999 yuan (approximately $450). The Pro version costs 3,499 yuan and includes eye-tracking functionality. Both models feature a 50-megapixel camera and offer up to 25 hours of standby time or 9 hours of music playback on a single charge. The new model, released roughly one year after the original version launched in November 2024, features deeper integration with the Qwen AI assis

Johnson & Johnson reported third-quarter adjusted earnings per share of $2.59, beating the market estimate of $2.52, with sales reaching $25.4 billion in line with expectations. The healthcare giant also raised its full-year sales guidance to $101.0-101.4 billion, compared to the prior estimate of $100.5-101.2 billion and market consensus of $101.24 billion. The company lifted its full-year adjusted EPS guidance to $11.05-11.15 from the previous range of $10.96-11.11. J&J shares fell nearly 1 pe

According to Reuters, crypto industry executives are concerned that if Democrats win control of the House in the midterm elections, hawkish Representative Sean Casten could challenge Maxine Waters for the chair of the House Financial Services Committee. Casten voted against the CLARITY Act in 2025 and introduced legislation in 2024 aimed at restricting crypto tools he believes facilitate money laundering. Wintermute's Head of Policy and Advocacy Ron Hammond stated that Casten is not a friend to

On Tuesday, Micron (MU) fell 2.4% premarket, while AST SpaceMobile (ASTS) and Adobe (ADBE) declined 3.5% and 1.4% respectively. Micron came under pressure following reports of China's ChangXin Memory Technologies (CXMT) developing a new server-memory architecture, with comments from Elon Musk about Chinese chip advances adding to concerns. Piper Sandler downgraded AST SpaceMobile to 'Neutral' from 'Overweight,' cutting its price target to $54 from $98, citing uncertainty around satellite launch

According to a MediaMarktSaturn spokesperson, the retailer removed all Ledger products from its stores and online platforms on Tuesday following reports of hardware wallet tampering. An X user claimed Monday that two Ledger wallets purchased from separate MediaMarkt locations contained unauthorized cables and cellular modules. Ledger is investigating reports that implants in some devices transmitted users' recovery phrases over cellular networks. Former Mt. Gox CEO Mark Karpelès also reported Tu

According to ChainCatcher, a16z has secured approximately 20,000 GPUs for its portfolio AI startups and is now negotiating expansion plans with data center operators Switch and Volta. In August, a16z co-led a $300 million Series funding round for Volta at a $2.4 billion valuation. Through its Oxygen initiative, a16z aggregates GPU capacity and allocates it to portfolio companies, enabling them to access pricing and contract terms typically reserved for hyperscalers. Other venture firms are adopt

According to an announcement from Luokang Pharma (1276.HK), the company's subsidiary Beijing Shengdi Pharma recently received approval from China's National Medical Products Administration (NMPA) to conduct clinical trials with SHR-3201 injection. The drug candidate is designed to treat Alzheimer's disease by clearing disease biomarkers in the brain and slowing cognitive decline. To date, no similar drugs have been approved globally. The company has invested approximately 48.8 million yuan in R&

According to analysis from market research firm Kobeissi Letter, 84% of S&P 500 components have declined more than 10% from their individual all-time highs as of Tuesday, October 12, when the index marked four years of bull market gains. The weakness is particularly concentrated in certain sectors: real estate stocks saw 97% of components down 10%+ from peaks, followed by materials at 96%, utilities at 94%, and consumer discretionary at 92%, while energy stocks proved most resilient with only 62

According to Caijing Magazine, embodied AI company Zhiyuan Innovation launched a new funding round on October 13 targeting 1 billion to 1.5 billion yuan, valuing the company at approximately 50 billion yuan. The round is nearing completion. Zhiyuan previously announced Hong Kong stock market listing preparations in July 2026. However, under Hong Kong Exchange regulations, companies completing new financing after submitting listing applications must wait 120 days after funding closes before tradi