Gate Crypto Flash News and Market Updates

According to Jin10 Futures, polyester bottle flakes in East China rose 100 yuan per ton to 8,900 yuan/ton on Oct 26, driven by escalating Middle East tensions and cost support. Market sentiment remained cautious among downstream buyers, with spot transactions sparse.

According to Reuters, Israeli Prime Minister Benjamin Netanyahu proposed using cryptocurrency to help Israel's economy withstand potential international sanctions in an interview on Friday. The proposal faced criticism from economists and political opponents, as well as from Israel's central bank. Netanyahu said he is preparing for scenarios where Israel may face broader sanctions.

According to Guru Club, Apollo chief economist Torsten Slok noted in a latest report on October 26 that artificial intelligence has not benefited large enterprises outside the technology sector. Slok tracked the S&P 493 index—the S&P 500 excluding Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla—and found that profit margins and per-employee income remain flat with no evidence that artificial intelligence is improving productivity.

According to GMGN, in the past 24 hours, BTC token (ticker: C5xp) led the platform's trending sector with a +31.1% surge, reaching $0.0095 with a market cap of $9.4 million and $14.89 million in trading volume across 269,354 transactions. LAUNCH token ranked fourth with an exceptional +45.4K% gain, trading at $0.0014 with a market cap of $1.3 million.

According to Lookonchain's on-chain monitoring, Abraxas Capital's 2 hedge accounts on Hyperliquid have generated cumulative profits exceeding $353 million. The fund currently holds short positions totaling over $1.29 billion.

According to RootData token unlock data as reported by ChainCatcher, DoubleZero (2Z) will unlock approximately 135.41 million 2Z tokens worth approximately $3.8 million on November 2 at 1:00 PM Beijing time.

China's overnight Shanghai Interbank Offered Rate (SHIBOR) rose 3.0 basis points to 1.3010%, while the 7-day rate climbed 3.7 basis points to 1.3630%. The 3-month SHIBOR, however, declined 0.13 basis points to 1.4065%.

According to Jin10 Futures, on Oct 26, China's methanol prices rebounded from recent lows, driven by sustained increases in international crude oil prices and reduced regional supplies. Middle East supply chain instability has limited both crude and methanol exports, reducing petrochemical-based alkene output and boosting demand for coal-based alternatives, supporting domestic methanol prices and pulling coastal markets higher.

The Indonesian rupiah weakened to 18,107 against the U.S. dollar, marking its lowest level since late July.

According to Guru Club, Vietnam Oil & Gas Group (PVN) is seeking to procure 3 million MMBtu of spot liquefied natural gas, with deliveries scheduled for November 20-24.

According to CCTV, Hangzhou Intermediate People's Court disclosed a case where AI-generated video successfully bypassed facial recognition systems. Two individuals collected photographs of others online, used AI to generate dynamic videos of head nodding, shaking, and blinking, then tampered with camera data to break through facial verification on a shopping platform and steal personal account information.

According to KB Securities analysis cited by Korean Economic Daily, Samsung Electronics and SK Hynix are projected to generate combined operating profit of 157.1 trillion won for 2026-2027, equivalent to 2.1 times their cumulative operating profit of 74.8 trillion won from 2000-2025. For 2027 specifically, Samsung and SK Hynix are expected to post operating profits of 555 trillion won and 389 trillion won respectively, representing year-over-year increases of 51% and 50%. KB Securities attribute

According to Eugene Leow, senior rates strategist at DBS Bank Singapore, the 10-year U.S. Treasury yield is expected to decline to 4.8% on October 26, driven by rising demand for safe-haven assets. Concerns over artificial intelligence, economic slowdown risks, and geopolitical uncertainty in Europe and the U.S. midterm elections are expected to sustain demand for defensive positioning. From a technical perspective, 4.8% represents a near-term target level for the benchmark yield.

According to Reuters, senior officials from Saudi Arabia, Turkey, and Pakistan are expected to meet with Iran in Tehran on Monday to discuss regional coordination matters.

According to Yahoo Finance, on October 25, EZPR CEO Ed Zitron criticized Nvidia for artificially creating scarcity to push GPU sales. Zitron noted that 70% of Nvidia's revenue in the first half of 2026 was concentrated among just 5 companies. He stated that this strategy drives up prices for consumer electronics and questioned whether the massive datacenter expansion would deliver real value, citing that Microsoft's actual operating AI compute capacity represents only 2 gigawatts of its 12-gigaw

According to South China Morning Post, Anchorpoint, the stablecoin venture led by Standard Chartered, announced plans to launch retail stablecoins on public blockchains on October 26.

According to Jin10, gold bar prices declined across major Chinese banks on October 26. Agricultural Bank saw the largest decline at 14.4 yuan per gram compared to the previous day, followed by price decreases from China Gold and China Merchants Bank.

According to BlockBeats, StandX on October 26 launched its DUSD airdrop allocation query page, though community members report severe mismatches between earned points and actual rewards. Users documented cases where approximately 20,000+ points yielded only 31.91 DUSD, while some accounts with $5,000 in deposits received zero DUSD. Multiple KOLs criticized the distribution, with some stating the airdrop functioned more as a fee discount than a true token distribution.