Gate Crypto Flash News and Market Updates

According to Jin10 Futures, PTA spot-futures basis weakened on October 15, narrowing to 520-650 yuan per ton from 900-1,000 yuan per ton on October 8. The decline reflects softer downstream polyester and fabric mill demand despite cost support from elevated crude oil prices amid geopolitical tensions. Polyester factories have resisted purchasing high-cost raw materials, with order sizes remaining small and seasonal orders dispersed.

According to ChainCatcher, Cloudflare and OpenAI launched a research pilot in July 2026 to test whether Cloudflare's network signals could help ChatGPT users discover new content more efficiently. Early results showed positive outcomes, with the pilot bringing previously unknown pages into OpenAI's search index, expanding available sources for ChatGPT to reference. Using approximately 1 percent of Cloudflare's global participation queue, the program enabled OpenAI to discover and index hundreds

According to market reports, U.S. September PPI rose 1.3% month-on-month on October 16, marking the largest monthly increase since March 2022 and reigniting inflation concerns. Meanwhile, U.S. 10-year Treasury yields retreated to above 5.08% amid safe-haven buying demand, while gold attempted to reverse its downtrend from August. With the Federal Reserve's October 29 policy meeting approaching, market volatility is expected to persist.

According to Jin10 Futures, on October 16, Shanghai Futures Exchange's fuel oil warehouse inventory fell to zero, declining 550 tons from the previous trading day. Low sulfur fuel oil warehouse inventory also saw a significant drop of 3,800 tons. Most other energy and chemical futures warehouse positions remained flat.

According to local officials, Russian drones struck Kharkiv, Ukraine today, killing 3 people and wounding 5 others.

According to China's Foreign Ministry, Djibouti's Minister of Foreign Affairs and International Cooperation Omar and Republic of Congo's Minister of Foreign Affairs, Francophonie and Overseas Compatriots Banda will visit China from Oct 19-25 on official visits. Both ministers have been invited by Chinese Foreign Minister Wang Yi.

According to Shanghai Futures Exchange data reported by Jin10 on October 16, copper futures inventory increased to 36,386 tons (up 1,453 tons day-on-day), while aluminum declined to 90,995 tons (down 4,077 tons) and zinc fell to 76,461 tons (down 1,023 tons). For precious metals, gold futures inventory rose to 116,928 kilograms (up 900 kg day-on-day), and silver inventory decreased to 1,402,972 kilograms (down 12,335 kg). Lead, nickel, and tin also recorded changes, with lead up 581 tons and nic

Latvia's Prime Minister stated yesterday (October 15) that the country unanimously supports Ukraine's accession to the European Union.

According to Jin10, Shanghai gold spot price on Friday (October 16) settled at 899.52 yuan/gram at midday, trading 1.25 yuan/gram above the international gold price of 898.27 yuan/gram.

According to Cailianshe, Kuaishou shares rose 3.99% to HK$29.72 (US$3.8) on October 16 after the company's AI video-generation unit Kling AI launched Kling 4.0. The model converts text prompts of up to 8,000 tokens into native videos up to 30 seconds long, with users able to combine up to 15 reference inputs and extend clips to two minutes. Media reports indicate Kling AI is preparing for a Hong Kong IPO in early 2027 with a target fundraising of at least US$1 billion, though the listing process

According to Jin10, major currency pairs showed their daily performance on October 16.

China's Defense Ministry spokesperson Chen Xi responded on October 16 to recent remarks by Philippine Defense Secretary Teodoro on South China Sea issues. According to the official statement, spokesperson Chen Xi criticized Philippine officials for using anti-China rhetoric to gain political leverage and create artificial "threats" for military expansion. The Defense Ministry emphasized that China remains committed to safeguarding its territorial sovereignty and marine rights, and seeks to maint

According to BlockBeats, Binance announced on October 16 support for Velodrome (VELODROME) token merger into Aerodrome (AERO), with a conversion rate of 1 VELODROME = 0.044 AERO. The exchange will delist VELODROME/USDT spot trading pair and cancel all open orders on November 3 at 03:00 UTC, followed by suspension of VELODROME and AERO deposits and withdrawals at 03:30 UTC. For perpetual contracts, new positions will be prohibited from October 28 at 08:30 UTC, with automatic liquidation at 09:00

According to its official announcement, Binance will halt VELODROME/USDT spot trading at 11:00 UTC+8 on November 3, 2026, and will automatically cancel all open orders. All existing open orders will be removed. Deposits and withdrawals for the old VELODROME token will be suspended at 11:30 UTC+8 on the same day, and Binance will no longer support these services post-merge. Binance will also suspend deposits and withdrawals for the old AERO token at 11:30 UTC+8 on November 3. Trading of existing

European stock indices opened on October 16 with mixed performance. The Stoxx 50 (Europe's benchmark equity index) rose 0.4%, Germany's DAX gained 0.5%, France's CAC 40 added 0.3%, while the UK's FTSE 100 declined 0.4%.

According to a Turkish Central Bank survey, the USD/Turkish lira exchange rate is expected to reach 51.5471 by the end of 2026.

According to Yunyeon Infomatics, Japan's Nikkei 225 index rose 898.34 points (1.39%) to 65,324.29 on October 16, marking its strongest close in seven trading days. The TOPIX index gained 1.67% to 4,066.00. SoftBank Group, Tokyo Electron, and Kioxia led the rally, each rising around 2–3% as AI-related stocks drove the broad market advance. The gains followed remarks by U.S. Federal Reserve Chair Kevin Walsh at the IMF-World Bank Annual Meetings in Bangkok, who signaled a cautious monetary policy

According to BlockBeats, on October 16, Micron (MU), SK Hynix (SKHX), and SanDisk (SNDK) storage chip stocks retreated significantly from their September-October highs, though with uneven losses. Micron showed the most resilience, retreating 17.16% from its October 2 peak of $1,114.90 to $923.62. SanDisk fell 27.76% from its September 22 high of $1,908 to $1,378.40. SK Hynix suffered the steepest decline, dropping 33.35% from its September 10 peak of $1,438.40 to $958.73, trailing Micron by appr

According to Jin10, the International Energy Agency agreed on October 16 to fully release 100 million barrels of crude oil, including 20 million barrels of diesel to be deployed quickly. U.S. EIA crude stocks stood at 67 billion cubic feet for the week ending October 9, below the 76 billion cubic feet forecast. In agricultural markets, Malaysia's palm oil exports for October 1-15 reached 802,481 tons, up 43.2% compared to the prior period. India adjusted fuel export windfall taxes on October 16,

According to Slowing Mist, fraudulent Ledger firmware update phishing campaigns are circulating, exploiting the recent Ledger supply chain incident. The fake phishing pages feature highly realistic interfaces, including simulated "Genuine Check" verification screens, device selection interfaces, and fake update buttons designed to deceive users. Slowing Mist warns users to avoid clicking on website links to update Ledger devices and never enter recovery phrases anywhere online.