Gate Crypto Flash News and Market Updates

Federal Reserve Chair Jerome Powell is set to hold a fireside chat with IMF Managing Director at 11:30 Beijing time today in Bangkok.

According to TradingBeats data, on October 16, Bitcoin dropped below $80,000 overnight following the U.S. stock market open, then rebounded alongside the broader equity market to near $82,000. At press time, BTC was trading at $81,977.

According to ChainCatcher, Stacks released its Q3 ecosystem report on October 16, showing that 735 BTC have been locked into the Bitcoin staking system across two deposit cycles. STX staking participation has increased over 25% since the PoX-5 hard fork, rising from 392 million to 493 million STX. The first deposit cycle (Bond 1) received 230 BTC, while the second cycle more than doubled to 505 BTC.

According to South Korea's Ministry of Economy and Finance, Deputy Prime Minister and Finance Minister Lee Hyung-il participated in the G20 and G7 Finance Ministers and Central Bank Governors Meetings in Bangkok on October 15. This marked his first appearance at a major multilateral international forum since taking office. Lee emphasized that member nations must strengthen supply chain resilience and invest in emerging growth drivers such as artificial intelligence. He also reaffirmed South Kore

According to the Bank of Korea, foreign investors withdrew $19.97 billion from South Korea's securities market in September, marking a sharp reversal from August's $4.5 billion inflow. Stock fund outflows surged to $14.16 billion, while bond fund outflows reached $5.81 billion. The central bank attributed the shift to rising global long-term interest rates and cooling AI investment sentiment. Year-to-date, cumulative stock fund outflows reached $145.03 billion.

According to Wccftech and IT之家, Chinese semiconductor equipment maker Langdao Silex unveiled an extreme ultraviolet (EUV) light source prototype at the China International Industrial Expo in Shanghai on October 12-16. On-site staff stated the system achieved 90% domestic component localization with most core modules independently developed. The prototype can be used for chip exposure testing, but mass production remains 3-5 years away, with current challenges focused on improving output power an

China's overnight SHIBOR declined 0.2 basis points to 1.2640%, while the 7-day rate fell 0.7 basis points to 1.3390% on October 16. The 3-month SHIBOR remained unchanged at 1.4300%.

According to Globenewswire, Strive announced on October 16 that it has expanded its Series A preferred stock IPO offering for SATS to 7 million shares from 5 million shares, with a public offering price of $90 per share. The company expects to raise approximately $630 million in gross proceeds before deducting underwriting discounts, commissions, and estimated offering expenses. Settlement is expected on October 20, 2026, subject to customary closing conditions.

According to Jin10, India's government on October 16 adjusted export taxes on fuel for the next two weeks to balance international energy prices and domestic supply. Gasoline export tax was raised from 0.5 rupees per liter to 2.5 rupees per liter, while diesel export tax was cut from 16 rupees per liter to 8.5 rupees per liter. Aviation fuel export tax remained unchanged at 10.5 rupees per liter.

According to Investopedia, on October 15, investors rotated out of technology stocks and into consumer stocks, with Nike surging over 5%—the biggest gainer among Dow Jones components on the day. Nike had declined 45% year-to-date before the rally. Sherwin-Williams, Home Depot, Walmart, and McDonald's also rose, lifting the Dow Jones index up 1%, while Nvidia and Amazon fell. UnitedHealth Group and Amgen gained approximately 2% each as healthcare stocks also attracted buying interest.

According to RootData data tracked by ChainCatcher, Zora (ZORA) will unlock approximately 166.67 million tokens valued at around $1.12 million on October 23 at 9 PM Beijing time.

According to GMGN data, FTR led KOL net inflows in the past 24 hours with $10,000 inflow and a 5,703% gain to $0.0054. PUMP ranked second with $5,000 net inflow but declined 0.9% to $0.0046, while Normie also saw $5,000 inflow and rose 16.5% to $0.0009.

According to Jin10, Shanghai gold traded at 895.31 yuan per gram on Friday, October 16, trading 2.95 yuan lower than the international gold price of 898.26 yuan per gram.

According to RootData, SOON will unlock approximately 20.24 million tokens worth around $6.03 million on October 23 at 1:00 PM Beijing time.

According to RootData, Meteora will unlock approximately 4.72 million MET tokens on October 23 at 12:00 UTC+8, valued at roughly $1.78 million.

According to Bloomberg, AI data center developer Nscale plans to hold an IPO as early as this October. However, the company's data center operations are struggling, with actual operational capacity representing less than 1% of the potential capacity outlined in its S-1 filing. Nscale faces multiple challenges including construction delays, equipment failures, regulatory issues, and employee complaints, with virtually no operational data centers currently in service.

According to Bitget data, Indonesia's Jakarta Composite Index fell to 5,193.22 points, down 11.4%, on October 16. The decline marks the index's lowest level since November 2020.

According to MSX announcement, the platform completed cash dividend distribution for five U.S. equity token holdings on October 14-16, 2026. The distributions were credited to eligible user accounts automatically. The targeted tokens are Lam Research (LRCX), Occidental Petroleum (OXY), Sui (SUI), Hewlett Packard Enterprise (HPE), and Intuit (INTU), with execution dates on October 14, 15, 15, 16, and 16 respectively. Dividends per share are 0.33 USD (LRCX), 0.28 USD (OXY), 1.12 USD (SUI), 0.1425

According to SoSoValue data cited by ChainCatcher, U.S. Solana spot ETFs recorded net outflows of $9.82 million on October 16. Grayscale Solana Trust (GSOL) led outflows with $6.01 million, while Bitwise Solana Staking ETF (BSOL) saw $3.80 million in net withdrawals. Total assets under management for SOL spot ETFs reached $1.68 billion.

According to South Korea's Ministry of Economy and Finance, on October 16, the government simplified foreign exchange procedures for won borrowing to support the internationalization of the Korean won. Non-resident borrowing of up to 5 billion won from banks is now exempt from prior notification, while amounts exceeding that threshold require only post-transaction reporting. Foreign securities firms' domestic branches are now permitted to borrow won on equal terms with domestic entities. Additio