Gate Crypto Flash News and Market Updates

According to Sean Carroll, senior foreign exchange analyst at ITC, Lula won Brazil's presidential election on October 26, an upset result that contradicts recent polls showing Jair Bolsonaro at 80% probability of victory. The market reaction is stark: Brazilian assets, which rallied sharply following the first-round results on bets for pro-market policies, are now expected to reverse course. USD/BRL is projected to gap open approximately 5% higher, mirroring the 5% gap lower seen immediately aft

According to ChainCatcher, Ducat announced it will gradually close its on-chain treasury protocol while opening redemptions to eligible token holders. The team has completed a snapshot of holders and will demonstrate that Ducat is fully backed by its treasury. Eligible token holders can redeem the fair value of treasury assets with no lock-up period. Tokens purchased from liquidity pools after the snapshot will not qualify for redemption.

According to Coinglass data shared by ChainCatcher, whale addresses on Hyperliquid currently hold $8.015 billion in positions. Long positions total $3.735 billion (46.6% of total holdings) with unrealized gains of $71.15 million, while short positions account for $4.28 billion (53.4%) with unrealized losses of $12.61 million, resulting in a long-to-short ratio of 0.87.

According to CME derivatives data, Brazilian equities experienced a sharp selloff on Monday, with tracking ETFs plunging 16% and marking the largest single-day decline since 2020. The Brazilian real weakened to 1 USD per 5.55 BRL, representing a decline of over 10% from Friday's close, with currency derivatives also showing significant losses. Traders indicated the market anticipated a substantial decline at the open.

According to MaceNews, on October 26, the Bank of Japan is expected to maintain its policy rate at 1.25% unchanged at its October meeting. Governor Ueda Masao signaled that further rate increases toward the neutral level will be necessary, though not requiring consecutive hikes. Market expectations suggest the next increase to 1.50% could occur in December or January, followed by a rise to 1.75% in March or April, maintaining a pace of one hike every three to four months. Tokyo's October consume

According to CCTV News, Flavio Bolsonaro, son of former Brazilian President Jair Bolsonaro and a candidate from the Liberal Party, refused to concede defeat in the second round of Brazil's presidential election. He demanded the vote be declared invalid.

Mastra announced the launch of Mastra Knowledge, now in early access and being tested with design partners. The product serves as a persistent knowledge layer for enterprises and teams, integrating with internal systems like Slack and Monday to continuously sync and update information, providing AI Agents with company-level context.

According to Jin10, Algeria's parliament approved the deployment of military personnel to Niger on October 25. This marks the first time Algeria has deployed troops overseas since the 1973 Yom Kippur War. Earlier this month, during Niger's Defense Minister's visit to Algeria, both nations signed a military cooperation agreement aimed at strengthening bilateral ties in defense and security sectors.

Vitalik Buterin recently expressed on X that excluding advanced cyberattack capabilities from Kimi 3.1's training data is acceptable. He argues that restricting AI by intended use is less problematic than restricting by user identity. According to Vitalik, society needs time to prepare for major AI risks, strengthen infrastructure, and conduct formal verification of new code before powerful cyberattacks become widespread. Vitalik warned that failure to properly address current AI risks could lea

According to FnGuide data and preliminary Samsung earnings, South Korea's two major memory chip makers, Samsung Electronics and SK Hynix, are expected to post record Q3 2026 results this week with combined operating profit forecast at 184.4 trillion won (approximately $139.1 billion). Samsung's preliminary Q3 earnings show operating profit of 107.4 trillion won (about $80.17 billion), surging nearly eightfold compared to 12.17 trillion won in the same period last year, driven by rising AI chip d

According to Odaily, Hong Kong stock-related derivatives posted significant declines today. MINIMAX fell 7.2% in the past hour and 5.3% in 24 hours, trading at 22.36 USDT. HK0992 dropped 6.2% over 24 hours to 21.24 USDT. ZHIPU slid 5.7% in one hour, currently at 61.55 USDT.

According to Bitcoin.com News, Connecticut tax preparer Yuridia Trujillo was charged on October 7 with filing false cryptocurrency losses for clients who never owned the related assets. A federal grand jury indicted her after she allegedly submitted at least 4,335 tax returns between 2017 and 2024, also involving false claims for retirement contributions, dependent care, and business and rental property information. Trujillo was arrested on October 9 and faces 19 counts of false income tax retur

According to PANews, Ethereum co-founder Vitalik Buterin today endorsed Kimi 3.1's decision to remove advanced cyberattack capabilities from its training data. Vitalik argued that restricting use cases is far preferable to discriminating against users, noting the world needs more time to prepare through system hardening, legacy code review, and formal verification of new code. Vitalik warned that mishandling early AI risks could lead to dystopian outcomes: strict model lockdowns requiring KYC ve

According to CNBC on October 25, Goldman Sachs downgraded its 12-month target price for South Korea's KOSPI index to 9,000 from 12,000, citing increased market volatility and slowing earnings momentum. The investment bank maintained its Overweight rating, with strategist Timothy Moe's team assessing over 60% upside potential from current levels. The analysts noted KOSPI has fallen 40% from record highs, with price-to-earnings ratios at roughly 4x, below historical averages. Goldman Sachs flagged

According to Jin10 Futures, on October 26, ethylene glycol prices in Zhangjiagang showed resilient volatility with basis declining slightly. Buy bids stood at 5,560 yuan/ton and sell offers at 5,600 yuan/ton, while spot basis ranged from 11+280 to 11+320. For the coming week, basis was quoted at 11+280 to 11+300, and November basis at 11+185 to 11+200 yuan/ton.

According to Gate data, Ethereum (ETH) fell below $2,300, down 2.58% in the last 24 hours.

According to Yonhapinfomax FXO data, the USD-KRW 1-month 25-delta risk reversal index rose to 0.94% on October 26, marking its highest level since mid-June. The index, which measures the implied volatility difference between dollar call and put options, had fallen into negative territory in late August and early September before steadily rising since. In the spot market, the won strengthened to 1,320-level lows amid South Korea's substantial current account surplus; however, the options market s

According to Yahoo Finance citing Federal Reserve data, U.S. household stock holdings reached a record 48.2% of financial assets on October 24, surpassing the 38.7% level during the dot-com bubble and 41% during the 2021 meme stock rally. Households held approximately $74 trillion in stocks compared to roughly $20 trillion in bank deposits and money market funds. The wealth concentration remains stark, with the top 1% of households owning about half of all stocks and equity funds, while the bott

According to Chosun Daily, Samsung Electronics and SK Hynix shares fell 24.5% and 31.4%, respectively, over the past month as of October 23, ahead of third-quarter earnings reports due October 28–29. The chipmakers are expected to report strong quarterly results driven by sustained AI server demand for memory products.