Gate Crypto Flash News and Market Updates

According to Yonhapinfomax, Daishin Securities saw cumulative corporate bond underwriting reach 1.8 trillion won in the third quarter of 2026, up approximately 30-fold from 600 billion won in the prior-year quarter. The firm now ranks 18th among 36 securities companies in the overall corporate bond underwriting market. In the card bond sector specifically, Daishin recorded 1.28 trillion won in underwriting as of October 7, securing a top-five position. The surge reflects the firm's market-focuse

According to U.S. media on October 11, Saudi Arabia's air defense systems have been experiencing a shortage of interceptor missile stockpiles since at least September, according to reporting from CCTV International. Saudi civilian airports have faced multiple attacks from Yemen-based Houthi militants in recent days, straining the kingdom's defensive capabilities.

According to ZhiTong Finance, the Hang Seng Index opened 0.92% higher at 24,434.93 points on October 12, with the Hang Seng Tech Index up 1.03% at 4,241.07 points. Among 12 Hang Seng industry indices, 11 advanced, led by Consumer Discretionary up 1.73% and Healthcare up 1.50%. Alibaba-W (09988) gained 3.08%, China Pharma (01093) rose 2.92%, and Zijin Mining (02899) climbed 2.91%, ranking as top gainers among Hang Seng constituents. Xiaomi Group-W (01810) declined 0.62%, marking the largest loser

According to ChainCatcher, long-term Bitcoin holders (LTH) transferred approximately 32,000 BTC to exchanges today, marking the second-largest single-day inflow since the February 5 decline, according to on-chain analyst Murphy. Excluding approximately 17,200 BTC transferred by U.S. government-related wallets to Coinbase Prime—which serves official custody and trading functions for U.S. law enforcement—the net selling pressure amounts to roughly 14,800 BTC, primarily from holders with coins aged

According to South Korea's Finance Ministry, Deputy Prime Minister Lee Hyeong-il announced today (October 12) that the government will expand the supply chain stabilization fund's role and allocate 200 billion won to secure overseas production bases. The announcement was made during a supply chain stabilization committee meeting held at the Seoul Government Complex. The government will also expand its list of economically critical items from 327 to 340, adding advanced industrial sectors such as

According to ChainCatcher, experts at a16z crypto recently discussed AI threats to cryptographic security. Stanford professor Dan Boneh and a16z crypto partner Eddy Lazzarin stated that AI has not advanced cryptanalysis or weakened specific cryptographic assumptions. Modern cryptography relies on the assumption that certain mathematical problems lack efficient algorithms; if true, even advanced AI cannot find non-existent solutions. This assumption relates to the unsolved P vs NP problem in comp

According to MSB Intel on October 12, Ethena's synthetic dollar USDe has generated accumulated protocol fees of $1.061 billion since its launch in late 2023, spanning approximately 34 months. Data comes from DefiLlama. As of mid-October 2026, USDe has a market cap of approximately $4.8 billion with protocol TVL around $5.2 billion, while governance token ENA has a market cap of roughly $3 billion. Fees are derived from issuance, redemption, and holding activities, distributed among stakers and E

According to ChainCatcher citing Coinglass data, the entire cryptocurrency market liquidated $167 million in the past 24 hours, with long liquidations totaling $52.028 million and short liquidations $115 million. Bitcoin saw long liquidations of $5.8447 million and short liquidations of $35.0861 million, while Ethereum recorded long liquidations of $9.4297 million and short liquidations of $26.5701 million.

According to Gate data, Brent crude (XBRUSD) falls to $105.94 per barrel, down 1.5% from the previous trading session close.

According to trader Ansem on X, altcoin market sentiment and institutional and retail positioning have reached multi-year lows, likely driven by talent migration to AI, innovation deficit post-DeFi boom, and gold's value revaluation. A large-scale altcoin liquidation occurred on October 10 last year, compounding bearish conditions. However, some altcoins now feature reduced VC selling pressure, product-market fit through crypto infrastructure, and potential benefits from improved regulatory envi

According to Guru Club, lithium carbonate futures contracts broke through the 110,000 yuan level today (October 12), declining more than 7% intraday. This marks the first time the contract has fallen below this level since December 22, 2024.

According to Sensor Tower, ByteDance's short-form drama app PineDrama reached 1 billion cumulative downloads approximately nine months after its December 2025 launch in overseas markets. The app currently has around 7 million daily active users and has become one of the fastest-growing applications in the international short-drama sector. PineDrama operates primarily in Brazil, the United States, and Indonesia, allowing users to log in directly via TikTok accounts.

According to Jin10, Harry Jones, global rates portfolio manager at Insight Investment, said on October 12 that Australia's official cash rate has reached or neared its peak despite the Reserve Bank of Australia retaining the possibility of further increases. Jones noted that Australia's financial conditions are already tight and economic growth is slowing, with most of this year's rate hikes still transmitting to the real economy. As inflation continues to moderate and domestic demand weakens, A

According to Guru Club, offshore Chinese yuan (CNY) rose to 6.6905 per U.S. dollar on October 12, marking the strongest level since July 2022. The currency gained approximately 20 basis points intraday.

According to the People's Bank of China, the central bank conducted a 50 billion yuan 7-day reverse repo operation at a rate of 1.40% today (October 12), unchanged from the previous operation.

According to Jinlian Creative, as of October 12, the reference crude oil price averaged $97.21 per barrel with a change rate of -4.46%, indicating that domestic gasoline and diesel retail prices should decline by 230 yuan per ton. The current pricing window is scheduled for October 15 at 24:00.

According to Reuters, Moonshot executives are negotiating a settlement with Recurrent shareholders ahead of the company's planned Hong Kong IPO. Recurrent and its investors, in a March 11 letter to Moonshot investors' counsel, alleged that CEO Yang Zhilang and CTO Zhang Yutao made false statements and profited at Recurrent's expense. The dispute has been in Hong Kong arbitration since 2024. Recurrent, which holds 9.5% of Moonshot's original equity, is seeking compensation equivalent to 10.5% of

According to China's interbank foreign exchange market, on October 12, the USD/CNY midpoint rate was reported at 6.7313, down 17 points, with EUR/CNY at 7.5258, down 65 points. GBP/CNY rose 41 points to 8.8913, while AUD/CNY advanced 166 points to 4.6912. JPY/CNY declined 65 points to 4.2506, and CHF/CNY increased 118 points to 8.0939. CAD/CNY fell 127 points to 4.7077, and SGD/CNY decreased 5 points to 5.2455.

According to Yonhapinfomax, foreign investors continued net selling on South Korea's stock market through September 2026, with cumulative net outflows reaching 189.9 trillion won. The selling continued even as the KOSPI recovered from its 7,000-point level; foreign investors sold 148.3 trillion won during the first half when the market was rising, and an additional 41.6 trillion won during July-September as corrections began following the June breakthrough of 9,000 points. Foreign institutions a

According to Binance's official announcement, Binance will distribute Micron Technology (MU) stock dividends to holders of MUB through bStocks. The snapshot time is set for October 14, 2026, at 08:00 UTC+8.