Gate Crypto Flash News and Market Updates

According to its IPO prospectus, Pinnacle Marine, a Singapore maritime services provider, has filed an application for listing on the Hong Kong Stock Exchange's main board. The company operates across aluminum work vessel construction, work boat leasing and logistics support, ship agency services, and maritime supplies. In the year ended March 31, 2025, Pinnacle Marine reported revenue of 46.42 million Singapore dollars with a gross profit margin of 41.5%, compared to 30.2% in 2023. As of August

According to the China Maritime Safety Administration, the Qinglan Maritime Affairs Bureau issued a navigation warning on October 13, prohibiting entry into designated South China Sea waters from 9 a.m. to 11 a.m. local time due to military training operations.

The Taiwan Weighted Stock Index declined 1.5% to 48,564.60 points at the opening of trading today, according to the Taiwan Stock Exchange.

According to Shanghai Gold Exchange, on October 13 during early trading, gold T+D fell 0.8% to 897.64 yuan per gram, while silver T+D declined 1.75% to 14,563 yuan per kilogram.

According to Goldman Sachs via Business Insider on October 12, the bank upgraded its stock rating to overweight for the next three months and maintained bonds at overweight for the next 12 months, citing a "Goldilocks" economic environment where growth remains solid while inflation pressures ease. Goldman Sachs projects S&P 500 corporate earnings to rise approximately 18% in 2027, excluding other income from equity revaluations, while U.S. Q3 GDP growth is estimated at an annualized 3.6%, suppor

Reserve Rights Token recorded a sharp 10.52% decline in just one hour today, with the token currently priced at $0.001964. RSR experienced a notable trading volume of $37.22 million amid the downturn, which follows a day-high of $0.002929. Over the past 24 hours, RSR has gained 19.10%, showcasing significant volatility in the altcoin market.

According to FIU statement on October 13, South Korea's Financial Intelligence Unit blocked domestic internet access to 27 unregistered overseas crypto exchanges, including Kucoin, MEXC, Phemex, XT.com, Bitrue, CoinW, ZoomEX, Poloniex, BTCC, DigiFinex, Pionex, Blofin, BingX, BitMart, and KCEX. The exchanges operated in South Korea without reporting to FIU as required by the Special Financial Information Act, which mandates registration for any crypto business targeting Korean users. Access will

According to Caixin, the UK High Court ruled on October 12 that the property rights claims of Chinese investors regarding over 61,000 BTC seized in the Tianjin Lantian Gorui illegal fundraising case should be determined under Chinese law, not English law. This ruling means approximately 16,000 Chinese victims pursuing claims through UK procedures may not benefit from BTC appreciation gains, with compensation potentially limited to principal and interest only.

According to Federal Election Commission data, two crypto-focused super PACs under Fairshake—Defend American Jobs and Protect Progress—have committed approximately $2.7 million ahead of the midterm elections to support bipartisan House candidates through advertising and direct mail campaigns.

According to Robinhood CEO Vlad Tenev, the company is investing to attract top developers to Robinhood Chain. In a social media response, Tenev stated, "We want the best builders to join Robinhood Chain, and we are investing to make that happen. If you are building something great, we want to hear from you." Additional details are expected to be announced soon.

According to Ark Invest digital asset research director Lorenzo Valente, the firm is maintaining its five-year bullish outlook on Bitcoin despite this year's flat or negative performance, viewing Bitcoin's development as early-stage. Valente noted that the rise of stablecoins has reshaped Ark Invest's narrative on Bitcoin in emerging markets, while tokenized equities and real-world asset development continue to advance.

According to Jin10, on October 11, leading polysilicon enterprises held a closed-door meeting in Hangzhou and agreed that the average production cost (including tax) for silicon material shall not be lower than 43,000 yuan per ton. The agreed price reflects the combined cost of raw materials, electricity, depreciation, and labor.

According to Bitcoin News, James Lavish today warned that governments are caught in a debt death spiral, forced to borrow increasingly more funds to pay interest on existing debt. As investors grow reluctant to purchase long-term government bonds, central banks face mounting pressure to increase money supply.

According to unusualwhales, BlackRock downgraded U.S. stocks from overweight to neutral today (Oct. 13), while upgrading short-term Treasury bonds to overweight and raising long-term Treasuries from underweight to neutral.

According to Yonhap Infomax, on October 13, E-mini S&P 500 futures declined 0.12% to 7,848.25 as tech stocks corrected during Asian morning trading. E-mini Nasdaq 100 futures fell 0.50% to 30,745.50. U.S. 10-year Treasury yields eased 1.1 basis points to 5.231%, while 2-year yields rose 0.9 basis points to 4.800%. Markets are focusing on the start of major U.S. bank earnings season, with JP Morgan Chase, Goldman Sachs, Citigroup, and Wells Fargo set to report before market open. S&P 500 companie

According to Bank of Korea Governor Shin Hyun-song, the Korean won-to-dollar exchange rate continued testing its lower bound on October 13, reaching 1,331.20 won on the previous day, its lowest level in two years. The decline reflects sustained dollar selling by exporters amid record exports, particularly in semiconductors. South Korea's September exports reached a historic high of $120.9 billion, with semiconductor shipments surging 170.9 percent. The daily average export in the first 10 days o

According to Bitget data, South Korea's Kospi index fell 5% on October 13, with semiconductor stocks leading declines. SK Hynix dropped 7%, while Samsung Electronics fell 5.89%. Both companies are on track for a fifth consecutive day of losses, as the market intensifies concerns over competition from China's storage chip makers and excessive valuation expansion in AI stocks. In the U.S., memory chip manufacturer Micron Technology also declined 3.9% overnight.

According to Bitget data, South Korea's KOSPI index (benchmark equity index) experienced a sharp decline today (October 13), prompting the exchange to activate the circuit breaker mechanism for the index.

According to Jin10 Futures, the CNEX-NEX Chinese yuan funding sentiment index reported 46 points as of 08:45 on Oct 13, down 3 points from 16:00 the previous day. The sentiment indices for large banks, mid-sized banks, and non-bank institutions stood at 43, 46, and 48 points respectively, each declining by 3 points. The index uses a 0–100 scale, with 50 representing equilibrium; readings above 50 indicate tightening liquidity conditions.

According to Jin10, crude oil fell slightly on Tuesday, October 13, as markets weighed Saudi Arabia's exposure to attacks against the prospect of increased Russian diesel supplies. President Trump announced Russia has agreed to supply diesel to global markets, and his administration temporarily lifted sanctions on Russian fuel. KCM Trade Chief Analyst Tim Waterer noted that additional Russian diesel supply provided some relief, though markets remain concerned about further attacks on Gulf shippi