Gate Crypto Flash News and Market Updates

Japanese Finance Minister Katakage Koyutsuki will become chair of the International Monetary Fund and World Bank Development Committee starting April 2027.

According to Panama's University Institute of Earth Sciences, a 6.3-magnitude earthquake struck western Panama on October 12 at 6:20 PM local time, with its epicenter located approximately 32 kilometers southwest of Soná in Veraguas Province and a depth of 10 kilometers. No casualties or property damage have been reported so far.

According to Guru Club, on October 13, smartphone manufacturers shifted their AI development strategy away from competing for AI traffic entry points toward ecosystem cooperation with internet enterprises. The industry focus has upgraded from fighting for user attention to competing on system capabilities across software, hardware, services, and experience.

According to TheStreet, Aptos blockchain activated an encrypted mempool feature on Oct. 12 to protect traders from front-running. The system encrypts order details on user devices before sending them to the network, with the decryption key split among network validators, requiring most to cooperate to unlock orders. The feature adds approximately 20 milliseconds of latency and has been reviewed by security firm zkSecurity. Adoption is optional, with Petra wallet and trading platform Decibel plan

According to Blur Foundation on October 12, the NFT trading platform Blur will shut down its blur.io frontend on November 12, 2026. However, the on-chain NFT trading protocol will remain operational and BLUR token will continue to control the protocol's fee switch. Additionally, Blur's lending service Blend will halt new loan connections starting November 12, though existing borrowers can repay loans or transition to default status by that date. Users will be able to withdraw assets from Blend t

According to ChainCatcher, Ethereum spot price on Gate fell to $2449.95 today, down 3.38% over the past 24 hours.

According to BlockBeats, citing BIT market data, U.S. equities declined on Monday, October 12, with the Nasdaq falling 0.44%, the S&P 500 down 0.06%, while the Dow Jones rose 0.38%. Optical communication stocks led declines, with Ciena (CIEN) dropping 9.95%, Lumentum (LITE) falling 9.78%, Applied Optoelectronics (AAOI) down 8.17%, and Coherent (COHR) declining 7.88%. Storage stocks also slid lower, including SanDisk (SNDK) falling 5.97%, SK Hynix (SKHY) down 4.02%, and Micron Technology (MU) dec

According to overseas brokers, the USD-KRW 1-month NDF fell 0.55 won to 1,333.60 won overnight on October 13, with a bid of 1,333.40 won and ask of 1,333.80 won. The decline came as the U.S. dollar index surged past 102.6, reaching its highest level since April 2025, while Brent crude climbed 1.84% to $106.65 per barrel amid rising supply concerns from Houthi attacks in the region. The three major U.S. stock indices closed mixed, with the Dow Jones rising 0.38% to 51,850.55, the S&P 500 declinin

According to Jin10, U.S. President Trump stated on October 12 that Russia and Ukraine must reach an agreement to end their conflict. Trump said both sides have agreed to his proposed "energy ceasefire" and indicated that the two leaders must sit down to negotiate and end the "ridiculous war." He added that Russian President Putin is more willing to reach a deal than Ukrainian President Zelensky.

According to CNBC, on October 12 (local time), Deutsche Bank upgraded AST SpaceMobile (ASTS) to buy from hold, maintaining a $93 price target—implying 82% upside from October 9's close. Analyst Brian Kraft cited the stock's 60% decline from its May peak of $133.86 as a buying opportunity, characterizing recent losses triggered by SpaceX's frequency acquisition as an overreaction. Deutsche Bank cited potential business catalysts: possible T-Mobile partnership shift from Starlink to ASTS, U.S. Spa

According to Guru Club, lithium carbonate futures 2701 contract fell 11.79% to close at 104,680 yuan per ton on October 12, breaking below the 110,000 yuan/ton level and marking the year's lowest point. The contract has declined nearly 50% from its mid-May peak above 200,000 yuan/ton. Spot market data from Shanghai Steelhome showed battery-grade lithium carbonate trading between 118,500–122,000 yuan/ton on October 9.

According to Guru Club, New York gold futures broke through $4,200 per ounce on October 13, gaining 0.23% intraday.

According to CNBC, on October 12 (U.S. time), IonQ announced it will acquire cybersecurity company Elicity for up to $1.3 billion in an all-stock deal, with $150 million tied to performance conditions. Following the announcement, IonQ's stock fell 9% to close at $36.27. Other quantum computing stocks also declined, with Rigetti Computing down 5.56% to $13.25 and D-Wave Quantum down 5.70% to $13.74.

According to Russian media, Russia's presidential special representative for foreign investment and economic cooperation Kirill Dmitriev on October 11 invited Elon Musk's Boring Company to construct a tunnel connecting Russia and the United States across the Eurasian and North American continents. Dmitriev proposed the project, dubbed the "Putin-Trump Tunnel," on social media, suggesting it was time for the infrastructure and tunneling firm, founded by Musk in 2016, to undertake the initiative.

According to Jin10, Adnoc's logistics subsidiary is in talks to acquire a significant stake in HEA Energy, valuing the Middle Eastern offshore energy services company at up to $3 billion. The deal, if completed, would strengthen the United Arab Emirates' position in offshore oil and gas services, coming months after the country's withdrawal from OPEC.

According to Hana Securities analyst Ko Yeon-su on October 13, Korean Finance Group's third-quarter net profit attributable to shareholders is estimated at 432.1 billion won, falling approximately 25% below market consensus. The company's ROE for Q3 is projected at 12.7%, down 11.9 percentage points from the previous year. The decline reflects a 36% sequential drop in domestic equity trading volume (including ETFs), pressuring brokerage revenues. The company's brokerage commission income is fore

According to Yahoo Finance, Intel launched its new D-Series GPU, codenamed Crescent Island, designed for AI inference workloads. Unlike Nvidia's Blackwell chips, Intel's D-Series GPU uses PCIe expansion cards resembling consumer graphics cards rather than blade server modules. Intel is collaborating with major OEMs and ODMs including Asus, HPE, Dell, and Supermicro to bring D-Series systems to market. The company continues expanding its GPU portfolio across consumer and data center applications,

China's Ministry of Finance will reduce the value-added tax export rebate rate for new energy vehicles from 13% to 9% starting April 1, 2027, and will cancel export tax rebates for e-cigarette devices and accessories. The Commerce Ministry stated that China-EU hybrid vehicle trade arrangements will not specifically target Chinese products, with Chinese quotas no lower than other EU import sources. Demand for AI chips is surging. Liansun Instruments projects Q1-Q3 net profit to increase 1,866%–2,

According to data monitored by ZhiTong Finance, China's hog industry continued capacity rationalization in September. Leading pig producers reduced breeding sow herds, with September inventories declining 0.52% to 0.86% month-over-month at major tracking platforms. Combined with prior months, full-year capacity cuts are on track to reach approximately 10%. As breeding sow inventories have declined consecutively for multiple months, commercial hog supply is expected to contract materially startin

According to Business Insider on October 12, gains in the U.S. stock market have become increasingly concentrated in AI-related stocks, with 42 AI stocks driving 67% of the S&P 500's year-to-date gains. Apple, Microsoft, and Nvidia alone now account for approximately 22% of the index's total market capitalization, up significantly from 14% at the end of 2022. Market research newsletter Cobase Letter noted that 84% of S&P 500 companies are trading at least 10% below their all-time highs, indicati