Gate Crypto Flash News and Market Updates

According to Reuters, Dangote Refinery's initial public offering has been extended by 10 days to allow investors from other African countries to participate, company executives and deal advisors told the news agency. Originally set to conclude this week, the IPO aims to raise up to $2.1 billion for refinery expansion and is poised to become Africa's largest equity offering.

According to aviation notices, King Khalid International Airport in Riyadh, Saudi Arabia, will remain closed through October 18 (21:00 UTC October 17), as reported by CCTV.

According to the EU Council, the European Union and United Kingdom will hold a summit on November 20 in Brussels.

According to Poland's Armed Forces operational commander Ireneusz Nowak, on October 12, deliveries of Patriot PAC-3 missiles will "definitely be delayed." He also indicated that other weapons contracts signed with the U.S. may face delays as well.

According to Jin10, over the past three weeks, investors withdrew from U.S. mortgage-backed securities (MBS) funds at historic speed, with outflows ranking among the seven most severe periods since early 2021. The MBS index recorded its second-worst monthly performance on record in September amid rising Treasury yields. As mortgage rates climbed to their highest levels since 2023, bank demand for MBS—a key buyer—faces further pressure due to the Federal Reserve's tightening policy and a flatteni

According to Grain Management on 8 October 2026, SpaceX agreed to acquire 100 percent of Grain's nationwide 800 MHz spectrum portfolio, subject to FCC approval and customary closing conditions. Posts on X attributed a reported cash price of approximately $8 billion to The Wall Street Journal; SpaceX and Grain have not confirmed the figure. SPCX stock closed Friday 9 October at $162.57, up 1.25 percent, while T-Mobile, AT&T, and Verizon fell 13.27, 10.82, and 10.14 percent respectively on the hea

According to Reuters, OPEC reduced its 2026 global oil demand growth forecast by 71% on October 12, now expecting just 400,000 barrels per day growth compared to 1.4 million bpd projected at the start of the year. The downward revision reflects weakening global consumption throughout 2026. Despite the lower demand outlook, Brent crude remains above $100 per barrel, supported by Middle East supply disruptions. OPEC Secretary General Haitham Al Ghais noted the organization anticipates a stronger r

According to Yahoo Finance, Evernorth Holdings (XRPN), an XRP-focused treasury company, rose as much as 5% at its Monday Nasdaq debut on October 12. The company also named Hugo Jeandesboz, former Coinbase Asset Management Co-Chief Investment Officer, as its new chief investment officer to lead treasury strategy and manage Evernorth's XRP holdings. Evernorth holds approximately 473 million XRP, currently valued at $657 million, positioning it as the largest publicly traded XRP treasury company. X

According to Bitget trading data, spot silver declined by more than 1.00% during intraday trading today (October 12), trading at $60.21 per ounce.

Hanison Construction Holdings, a subsidiary of Hanison Construction (00896), on October 12 entered into an agreement to sell its entire stake in Wisdom Mount Investments Limited to Clear Shine International Limited for HK$80 million. The target company owns Vast Media International Limited, which holds a 49% interest in a Chinese real estate entity that owns the Shangdong Business Center Phase One property in Haining, Zhejiang Province. The property comprises approximately 23,000 square meters o

According to SoSoValue data, listed companies (excluding mining firms) recorded net bitcoin purchases of $22.5 million for the week ended October 12, down 90.6% from two weeks prior. Strategy purchased 250 bitcoins at $86,194, spending approximately $22 million and bringing its total holdings to 848,250 BTC. Bitcoin Japan announced on October 7 it acquired 5.8847 BTC at $84,706.34, reaching 17.8035 BTC total, while Bitmine purchased 1 BTC on October 5 (price undisclosed), with holdings at 214 BT

According to Odaily, trader Killa warned today that Bitcoin bulls must demonstrate buying strength around the $80,000 level, or BTC risks a pullback to $76,000–$78,000. Killa noted that if price fails to hold above $80,000 and retraces back below the trading range, it would signal a failed breakout. With markets having already liquidated approximately $2 billion in positions, a second major downsweep could reflect weakness rather than healthy consolidation.

According to Odaily and MSX.COM data, U.S. storage stocks declined during today's opening trading session. SanDisk fell 6.74%, Micron Technology dropped 4.31%, and Micron ADRs declined 6.08%. SK Hynix fell 4.09%, Seagate Technology dropped 2.85%, and Western Digital declined 2.15%. The Philadelphia Semiconductor Index fell 2.07%.

According to Odaily, Bitcoin miner CleanSpark secured $2.276 billion in funding to complete construction of its Sandersville data center. In September, CleanSpark mined 529 BTC and sold 702 BTC at an average price of $72,928, comprised of 2 BTC sold via spot trades and 700 BTC sold through call options. The miner's Bitcoin holdings decreased by 173 to 13,530 BTC. Supported by a Meta lease agreement, the data center is expected to generate $6.6 billion in revenue.

According to CNBC, Starbucks officially denied on October 12 (local time) that it is acquiring Chipotle Mexican Grill. The coffee chain stated, "Starbucks will not acquire Chipotle." Following the announcement, Starbucks shares rose over 1%, while Chipotle shares fell nearly 4%. Last week, major media outlets reported that Starbucks had been exploring acquisition options with advisors over recent months.

According to ChainCatcher, fintech company Yiren Zhike issued a statement on October 12 clarifying that recent legal matters disclosed by Beijing Chaoyang police have no direct connection to the company's business operations. The company, which focuses on financial technology and AI innovation, stated that business activities remain normal and are proceeding as scheduled.

According to BlockBeats, on October 12, user Johannes discovered what he claims to be spyware and hardware modifications on two Ledger hardware wallets purchased from different MediaMarkt stores in Europe. The devices allegedly contained additional cables and an LTE module. Johannes called for an immediate product recall. MediaMarkt staff confirmed the second device was not a returned item, and store records show the inventory came from supplier Aqipa GmbH. Johannes has submitted the first devic

According to Polymarket data retrieved on October 12, 2026, prediction market odds price the probability of an effective closure of Bab el-Mandeb Strait at 17% by December 31. The December 31 contract was priced at 16.5% Yes, compared with 6.5% for the October 31 market. IMF PortWatch will serve as the resolution source; the market resolves Yes only if the seven-day moving average of ship arrivals falls to 10 or fewer on a qualifying date before year-end. The contract recorded $16,845,201 in tot

According to BlockBeats, on October 12, Quantofi—a cryptocurrency analytics platform by Quantmatix—and Crypto.com announced a partnership to launch an AI-driven trading analysis platform covering 215 crypto assets. The platform went live globally on October 10. The platform is powered by Quantmatix's proprietary Q Score engine, which analyzes price momentum across five timeframes—1-hour, 4-hour, daily, weekly, and monthly—and provides target prices, stop-loss levels, and value metrics for each s

According to reports on October 12, Kazakhstan's central bank announced plans to reduce the proportion of gold in its total foreign exchange reserves by approximately 3 percentage points. The shift marks a transition from being one of the world's largest gold buyers to a seller. Central bank First Deputy Governor Aliya Moldabekova stated that the move is driven by a resurgence in U.S. dollar attractiveness, citing the 10-year Treasury yield climbing to its highest level in 24 years. "We have not