Gate Crypto Flash News and Market Updates

According to an official announcement, Forte Land (02777) reported that its total sales revenue through September 2026 reached approximately 9.71 billion yuan, down 7.5% year-over-year, with sales area of about 1.4043 million square meters. In September alone, monthly sales revenue was approximately 855 million yuan, down 21.6% compared to the same period last year.

According to Iran's Tasnim news agency, Iran's military spokesman stated on October 16 that the country has significantly strengthened its air defense capabilities since the war began, introducing new military equipment and conducting joint exercises with the Islamic Revolutionary Guard Corps to improve coordination. The spokesman also warned that U.S. Navy vessels will be forced to withdraw further in the coming days.

According to an announcement by China Huadian Power International Ltd (01071), the company and its subsidiaries generated a cumulative 175 million megawatt-hours (MWh) in the first nine months of 2026, down approximately 13.06% year-over-year, with grid-supplied electricity reaching 164 million MWh, down 13.19% YoY. The decline was attributed to increased hydropower generation displacing thermal power, lower-than-expected temperatures, growth in renewable energy capacity, and reduced coal-fired

According to Citic Port's announcement published on October 16, the company plans to sell a combined 70% stake in Qingdao Port Dongjiakou Ore Terminal through public bidding at the Beijing Equity Exchange, with its own 25% stake valued at RMB 685 million as part of the total RMB 1.918 billion minimum price. The public auction will remain open until November 11, 2026. The final transaction price will be determined by the highest bidder and will not be lower than the minimum price. The sale is exp

According to BlockBeats, UMX (The Unified Market Exchange), a crypto-friendly securities platform incubated by Avenir Group under Li Lin, officially launched on October 16. Since beta testing began on August 10, the platform accumulated 788 product feedback submissions, with 89 requirements integrated into this official release. UMX is positioned as a professional investment platform offering Hong Kong and U.S. stocks, ETFs, U.S. equity options, and crypto asset trading, aiming to consolidate di

According to CryptoRank, real-world asset (RWA) perpetuals trading volume on decentralized exchanges (DEX) surged to $39.8 billion in the past week, up 74.7% from $22.8 billion in late August. Variational has emerged as the leading platform, with its market share more than doubling from 10.6% to 32% since early September. The protocol recorded $12.73 billion in trading volume over the past seven days, surpassing competitor TradeXYZ.

According to Guru Club, on June 4, Indonesia's benchmark Jakarta Composite Index fell 4.2% to 5,688.574 points, marking its lowest level since December 2020.

According to Li Auto's announcement on October 16, the company's subsidiary Mahei Core Technology completed a funding round raising 1.625 billion yuan in external equity financing. The round was led by Hangzhou Jingao, Bluerun Ventures, and Huaye Tianchen, with participation from Qiji Chuangtan. Additionally, Li Auto's controlling shareholder will invest 1 billion yuan for new registered capital. The funds will support Mahei Core Technology's chip research and development across the entire value

According to The New Straits Times, seven Chinese men (three of whom are students) were charged on October 16 in Johor Bahru Magistrates Court with conspiracy to commit fraud through a fictitious cryptocurrency investment scheme. All defendants pleaded not guilty. The prosecution alleges the group conspired to carry out the fraud on October 1 at two residential units in Forest City; if convicted, they face up to six months imprisonment, fines, or both. Each defendant was granted bail of 7,000 Ma

Luokang Zhiyouyou Biotech announced today (October 16) that its Y225, a biosimilar of emicizumab, completed its first patient dosing in China's Phase I clinical trial. The Phase I study is a randomized, double-blind, single-dose, parallel-comparison trial designed to evaluate the bioequivalence of Y225 versus the reference drug Hemlibra (emicizumab injection) in healthy male subjects, providing data to support subsequent clinical development. Y225 is a bispecific antibody candidate developed by

According to BlockBeats, citing analyst Axel Adler Jr, short-term Bitcoin holders' holdings reached 4.08 million BTC as of October 16, marking the highest level since mid-June. This represents an increase of 422,000 BTC (12%) since the July 29 low. The group's average cost basis stands at $74,900, with unrealized profit buffer narrowing from approximately 16% to 10%. Should Bitcoin fall below this level, the cohort would collectively move into losses, potentially intensifying selling pressure.

According to PLS, on October 16, the company announced that Pilgangoora ore reserves increased 31% to approximately 3.1 million tonnes of lithium oxide, with ore tonnage up 23% to 249.2 million tonnes and lithium oxide grade at 1.24%. The updated reserves include 46.5 million tonnes of newly established underground ore reserves with 1.50% lithium oxide grade. Based on the P2000 feasibility study processing rate, the project supports over 25 years of operations combining open-pit and underground

According to Nanhua Futures on Oct 16, 10-year and 30-year U.S. Treasury yields hit 5.362% and 5.732% respectively, marking their highest levels in nearly two decades. Nanhua's research team attributed the surge to three factors: El Niño combined with Middle East tensions raising inflation expectations; AI productivity gains paired with Federal Reserve rate hikes boosting expected real short-term rates; and investor portfolio shifts alongside the U.S. high-debt-plus-high-rates environment, where

According to Smart Finance, Asian Cement China (00743) issued a profit warning on October 16, forecasting a loss attributable to equity holders of approximately RMB 301 million for the first nine months of 2026, compared to a profit of approximately RMB 146 million in the same period of 2025. The company attributed the reversal to declining cement product sales volumes and prices, as well as impairment provisions on production lines retired as part of capacity replacement initiatives.

According to Coinglass data, the crypto derivatives market experienced $313 million in liquidations over the past 24 hours, with long liquidations hitting $165 million and short liquidations reaching $148 million. Breakdown by asset: Bitcoin saw $50.51 million in long liquidations and $35.86 million in short liquidations, while Ethereum recorded $27.76 million in long liquidations and $44.62 million in short liquidations.

Onshore yuan closed at 6.6868 against the US dollar on October 16 at 4:30 PM, appreciating 48 basis points from the previous trading day.

According to an official statement from Bank of Tokyo-Mitsubishi UFJ Trust, the bank partnered with Bank of Tokyo-Mitsubishi UFJ, Sumitomo Mitsui Banking Corporation, Mizuho Bank, and TISI to complete a stablecoin and cross-border payment pilot experiment from July 17-23, 2026. The trial, supported by Japan's Financial Services Agency under its "Fintech Experimental Hub & Settlement Enhancement Project," validated the feasibility of a multi-bank stablecoin issuance model and examined blockchain

According to Morningstar, on Friday, CoreWeave (CRWV) shares fell more than 3% in premarket trading, with the analyst cutting its price target from $115 to $108 due to rising debt costs. IREN Ltd. (IREN) declined 0.2% and Nebius (NBIS) fell 0.8%. Morningstar warned that neocloud operators face higher borrowing costs as hyperscalers compete for capital, potentially straining balance sheets. The firm noted that with cloud infrastructure investment projected to exceed $1.3 trillion in 2027, compani

According to IDX Advisors' Chief Investment Officer Ben McMillan, U.S. midterm elections on November 3 could pose a significant risk to AI-related stocks through potential Democratic policy changes. AI stocks, including CoreWeave, have experienced volatility this week, with initial gains followed by renewed selling pressure. Democratic policies targeting AI data center regulation, artificial intelligence oversight, and technology sector taxation could further pressure AI industry stocks if the p

According to Odaily, AI-related stocks experienced selling pressure this week, though some previously hard-hit names rebounded strongly, with companies like CoreWeave recovering part of their losses. With U.S. midterm elections approaching on November 3, investors face an additional risk: if Democrats achieve better-than-expected results in congressional and state elections, policy uncertainty surrounding data center development, AI regulation, and tech company taxation could further impact AI i