Gate Crypto Flash News and Market Updates

According to ChainCatcher, Jump Trading has announced the establishment of a new computing power trading division and acquired the founding team of Ito Markets, Affaan Mustafa and Alejandro Soumah Fernandez, through a recruitment-style acquisition. The specific transaction terms have not been disclosed.

According to Hong Kong Exchanges and Clearing (HKEX) filings, on October 9, Hallgain Management Limited increased its stake in Kaijin Group (00148) by 650,000 shares at HK$54.633 per share, totaling approximately HK$35.51 million. Following the purchase, Hallgain's holding rose to approximately 362 million shares, representing a 32.22% stake in the company.

According to Reuters, on October 13, Scaleway announced it will build an AI supercomputer powered by AMD Instinct MI355X accelerators in Sweden, with servers supplied by Gigabyte subsidiary Giga Computing. The system will be Europe's first commercial AI supercomputer using AMD's platform, offering compute resources to startups, AI companies, and enterprises across the continent.

According to Hong Kong Stock Exchange data, Kingboard Investments Limited increased its stake in Kingboard Laminate Limited (1888 HK) by 277,000 shares on October 9 at HK$48.91 per share, valued at approximately HK$13.55 million. Following the transaction, Kingboard Investments held approximately 176 million shares, representing a 5.56% stake in the company.

According to Hong Kong Exchange data, on October 12, Builltape (01888) chairman Zhang Guohua increased holdings by 200,000 shares at HK$46.36 per share for a total of approximately HK$9.272 million. Following the purchase, Zhang's total shareholding rose to approximately 8.325 million shares, representing 0.26% stake in the company.

According to ChainCatcher, Goldman Sachs (GS) rose over 3% in premarket trading, driven by Q3 stock trading revenue that exceeded market expectations.

According to a ruling by Beijing Chaoyang District People's Court on October 13, employees may reasonably use third-party AI tools to process routine work tasks without violating company policies, provided there is no malicious intent, actual data breach risk, or financial loss to the company. The court determined that employers cannot arbitrarily terminate employment contracts solely based on employees using AI to improve work efficiency under these conditions.

Pivotal Research raised Meta's price target to $930 from $790 on Tuesday, maintaining a 'Buy' rating, according to reports. Analyst Jeffrey Wlodarczak's revised target implies about 25% upside from Meta's Monday close of $742.96. The firm cited strong early adoption of Meta's Muse personal AI assistant and said the company's AI investments are coming into focus. Pivotal highlighted that Muse recorded 2.8 million total installs in its first 12 days, outpacing ChatGPT's early mobile launch. The fi

According to BlockBeats citing BIT market data, U.S. pre-market crypto-related stocks showed mixed movement on October 13. Among the eight tracked names: GEMI rose 2.19%, MSTR gained 1.23%, COIN advanced 0.86%, ABTC up 0.22%, and BMNR up 0.17%. Decliners included BNC down 0.77%, CRCL down 0.42%, and HOOD down 0.18%.

Recently, the High Court in London ruled that Chinese law should apply to claims over approximately 61,000 seized Bitcoins, valued at around £3.8 billion. The assets were seized by Metropolitan Police during an investigation into Zhimin Qian, a Chinese national convicted of orchestrating fraud against thousands of victims in China between 2014 and 2017. The ruling narrows claimants' potential legal path but does not determine final ownership; the court will hear further evidence on Chinese law t

Blur announced it will shut down its NFT marketplace website on November 12, 2026, as the platform's trading activity has collapsed significantly. According to the announcement, monthly NFT trading volume dropped more than 99.5% from its 2023 peak of approximately $1.43 billion, falling below $7 million by March 2026. Blur's lending service, Blend, will also cease matching new loans on the same date; borrowers must repay outstanding loans by the deadline or allow them to default. The on-chain Bl

BlackRock's iShares Bitcoin Trust (IBIT) recorded $65.4 million in net outflows on October 12, accounting for the entire daily redemption from US spot Bitcoin ETFs. Every other fund recorded zero net flows, making the session a one-fund withdrawal. IBIT holds the largest assets among Bitcoin ETFs with approximately $65.67 billion in historical cumulative net inflows. US spot Bitcoin ETFs collectively managed around $106 billion in assets.

According to Bloomberg, on October 12, Epic Games delayed its unnamed Disney Marvel and Star Wars shooter game originally scheduled for March 2027 to an unspecified date, instructing developers to adopt an "AI first" production model. The company directed staff to use no handwritten code and generate art with full AI workflows. Epic founder Tim Sweeney confirmed the shift on X, stating the company is undergoing "a huge pivot" to retool developers for AI acceleration, aiming to enable teams to bu

According to Zhitong Finance, Loyang Molybdenum (03993) announced that its wholly-owned subsidiary Tibet Shimoke plans to invest a combined 900 million yuan in private equity fund shares. The subsidiary will allocate 500 million yuan to Nanjing Yuanfeng Fund and 400 million yuan to Hexie Growth Fund IV, using its own capital.

According to Jin10, on October 13, Iranian security forces killed five militants in an armed clash in Zahedan, southeastern Iran's Sistan and Baluchestan Province. The militants had seized an engineer and attempted to transport him outside the country. One security force member was killed during the operation, while the engineer was rescued.

According to Jin10, on October 13, Bank of Korea Governor Shin Hyun-song stated that further won appreciation would be beneficial and has already strengthened household purchasing power. Speaking at the IMF-World Bank Annual Meetings in Bangkok on Tuesday, Shin said the central bank will maintain its restrictive monetary policy stance until confident inflation returns to target levels. He noted that won strength is directing economic growth toward the domestic economy.

According to Bank of Korea Governor Shin Hyun-sung on Tuesday during the IMF-World Bank annual meeting in Bangkok, South Korea will maintain its restrictive monetary policy stance until inflation returns to target levels. Shin stated that further won appreciation would be beneficial for the economy and has already strengthened household purchasing power since the central bank shifted to monetary tightening. The stronger currency directs economic growth momentum toward domestic demand, helping to

According to Foresight News, citing ITAR-TASS, Russia's Central Bank added Sberbank, the country's largest bank, to its list of digital currency exchange institutions. Sberbank had previously entered the digital custody register earlier this month, enabling it to provide record-keeping services for cryptocurrencies and digital rights. The bank stated these credentials will allow it to offer digital currency circulation services on existing customer platforms, with the first products launching De

According to Ethereum Name Service founder Nick Johnson, ENS is seeking decentralized autonomous organization (DAO) approval to activate ENSv2, an upgraded naming protocol for Ethereum. Johnson submitted an executable draft proposal to the community on October 13. The upgrade would freeze new registrations on the original ENS registrar while allowing existing domain holders to continue renewing their names, with new registrations temporarily unavailable during the transition. Under ENS governanc

According to ChainCatcher citing Space Capital, global space economy investments are projected to surpass $100 billion in 2026 for the first time. SpaceX's record-breaking initial public offering, coupled with increased defense spending and space infrastructure development, is driving the surge. The analysis shows the space sector has reached historic highs in both investment volume and unicorn company numbers, with the SpaceX IPO likely to prompt investors to reassess valuations of other space