Gate Crypto Flash News and Market Updates

As of 3 a.m. Beijing time today, the onshore Chinese yuan (CNY) traded at 6.6870 against the U.S. dollar, up 44 pips from Thursday night's close. Trading volume reached 33.901 billion dollars.

According to sources, the U.S. Department of Justice is negotiating a settlement with Apple over antitrust allegations, with major app developers voicing concerns that any deal may not sufficiently address Apple's alleged anticompetitive conduct. PayPal and Epic Games are among the companies that have communicated their reservations to the DOJ. Officials have signaled they prefer resolving the case through settlement rather than continuing litigation.

According to Jin10 Data, massive explosions were reported in Aden, Yemen on the evening of October 16, allegedly caused by Houthi missile strikes.

According to CNBC, Apple's iPhone Duo preorders sold out on Friday, with launch-day pickup inventory exhausted and some online delivery estimates already pushed into late January. The foldable device, starting at $1,999 and reaching over $3,000 at the 2TB storage tier, represents the company's most expensive iPhone ever and establishes a new price point above the Pro and Pro Max. Apple stated the pre-order demand was "nothing short of extraordinary."

According to the U.S. Bureau of Labor Statistics, import prices in September rose 8.1% year-over-year on Friday (October 16), marking the largest increase in over four years and exceeding market expectations. Monthly import prices increased 1.1%, above the expected 0.8%. Core import prices, excluding food and fuel, climbed 6.2% year-over-year, signaling that inflation pressures have spread beyond energy. Imports from China saw prices surge 0.7% monthly, the largest increase since December 2021,

According to Bloomberg, SoftBank Group is considering acquiring Allied, the largest security company in the United States. The news drove SoftBank's American depositary receipts down 9.4%.

According to BitGo's official announcement, institutional clients settled over $2 billion in notional volume on the Go Network's CROSSx platform recently. The platform allows clients to trade without holding assets directly, separating execution, custody, and settlement functions. This model mirrors traditional finance infrastructure and highlights growing institutional adoption of structured crypto trading solutions.

According to Stellar's announcement, WisdomTree has launched its Prime platform on the Stellar network, leveraging the network's robust compliance controls designed for institutional-grade digital asset access. The platform focuses on enhancing blockchain adoption among financial institutions by combining Stellar's infrastructure capabilities with WisdomTree's institutional expertise.

According to Binance market data, MARA stock fell 10.12% intraday on October 17, trading at $7.48.

According to The Defiant, SEI perpetual contracts launched on OG.com Markets on October 16, with first trades of 100 SEI per contract recorded. The exchange is operated by Nadex, a North American derivatives exchange registered with the U.S. Commodity Futures Trading Commission (CFTC), providing U.S. investors with a compliant leveraged access channel to SEI. The contracts completed self-certification on October 8 and are listed as certified products in the CFTC registry. Each contract represent

According to Binance, Microstrategy (MSTR) stock fell 10.05% during intraday trading on October 17, currently trading at $135.93 per share.

According to Centrifuge, asset-backed credit pulled in fresh onchain money for the second consecutive week on October 16, 2026. The update follows a prior week snapshot on October 9, when new capital flowed mainly toward Treasuries, gold, and asset-backed credit. A Dune Analytics report titled "After Issuance: Reading the Onchain RWA Market -- Q3 2026" found that tokenized credit has more than doubled over the past year. Approximately two-thirds of that growth traces back to traditional lending

According to @whalealert, Bitfinex received a $213.6 million USDT transfer from an unknown wallet over the past 24 hours. The transaction highlights ongoing stablecoin movements within the crypto market.

Brent crude oil futures rose to $110 per barrel on October 16, marking the first time since May 20. WTI crude oil gained 3.5% on the day, trading at $101.41 per barrel.

According to Shanghai Gold Exchange, on October 16 evening, gold spot trading (T+D) closed down 0.11% at 896.1 yuan/gram. Silver spot trading (T+D) closed down 0.73% at 13,801 yuan/kilogram.

Security researchers disclosed that Ledger received warnings of potential hardware implants as early as December 2025, several months prior to the October 9 incident involving stolen cryptocurrency and modified devices sold through an authorized reseller. Security researcher Joe Grand notified Ledger on March 4, 2026, about a malicious implant found in a Ledger Nano X purchased in August 2025. Former Mt. Gox CEO Mark Karpelès identified at least two people who had contacted Ledger about suspecte

Shanghai crude oil futures (December 2026 contract) closed up 2.32% at 739.80 yuan per barrel in overnight trading. Shanghai gold declined 0.02%, while Shanghai silver fell 0.39%.

According to Borderless.xyz's Q2 2026 Benchmark report published July 13, stablecoin-driven cross-border transfers were priced 3.2 basis points below interbank foreign exchange rates. The report analyzed 2.96 million rate observations across 260 payment corridors spanning 108 countries. The median delivery cost for a $10,000 transfer averaged 27.2 basis points, or $27.20, with stablecoin transfers settling nearly instantly compared to conventional international wires.

Charles Schwab completed the full retail rollout of its crypto trading platform on October 16, 2026. Eligible clients can now trade Bitcoin and Ether directly within their Schwab accounts at a 0.75% fee per trade. The service operates through Schwab's Premier Bank, with Paxos providing custody and execution support. Schwab's crypto research team released bullish commentary on October 15, citing strong Bitcoin fundamentals and supportive market data. Analyst Adam Lynch highlighted nearly $60 bill

According to GPU rental market data, median rental rates for Nvidia H100 GPUs reached $3.3 to $3.6 per GPU-hour as of mid-October 2026, with the on-demand median at $3.49 per GPU-hour on October 16. The pricing marked a significant year-over-year rebound, with different indices showing gains ranging from 13% to 79%, consistent with a reported average increase of approximately 30% amid a constrained supply chain.