Gate Crypto Flash News and Market Updates

According to DefiLlama, the platform recently launched its Papertrade feature and has already recorded $100M in inflows, indicating strong initial interest from traders in the simulated trading tool.

According to financial sources, Vietnam Investment Development Bank (BIDV) is seeking to sell an 11% stake valued at approximately 1.5 trillion won by next year as it scouts for investors. This follows a 3% stake sale in March. BIDV is accelerating capital strengthening efforts, having approved a 1.5 trillion won paid-in capital increase at its April shareholder meeting. Hana Bank, South Korea's second-largest shareholder in BIDV with a 14.21% stake, is considering whether to participate in the

According to Citigroup, U.S. Treasury Secretary Scott Bessent may reduce long-term government bond auctions and potentially cancel 20-year maturity issuance next month. The bank's U.S. rates strategy head Jason Williams said the baseline expectation is to cut 30-year and 20-year bond sales by $3 billion per auction, with proceeds shifting to Treasury bills. The Treasury is expected to announce the plan at its quarterly refunding announcement on November 4.

Roche announced at the 2026 American Academy of Ophthalmology (AAO) annual meeting the latest one-year Phase III study data for vamikibart, a treatment for uveitic macular edema (UME). At week 52, vamikibart demonstrated sustained improvements in vision and reduction in macular thickness. UME is a serious eye disease that can lead to vision loss.

According to Merck & Co.'s presentation at the 2026 American Academy of Ophthalmology (AAO) annual meeting, the company announced one-year results from the BRUNELLO Phase 2b/3 trial evaluating Remigromig for diabetic macular edema (DME) in adults. Remigromig, a Wnt pathway trispecific agonist, demonstrated non-inferior vision outcomes compared to ranibizumab at the one-year timepoint, meeting the trial's primary efficacy endpoint.

According to credit rating agencies S&P, Moody's, and Fitch on October 11, South Korea maintains sovereign credit ratings of AA, Aa2, and AA- respectively, with all three agencies keeping 'stable' outlooks unchanged. Credit rating agencies significantly raised South Korea's 2026 growth forecast from 1.8–2.0% projected at year-start to 3.5%, citing stronger-than-expected semiconductor demand, while 2027 growth projections range from 2.2% to 2.7%.

According to Yonhap Infomax on October 11, Naver's Q3 2026 operating profit is expected to decline 15.01% year-over-year to approximately 484.9 billion won, despite revenue growth of 11.76% to 3.507 trillion won. Operating margin is forecast to compress from 18.2% to 13.8%, driven by expanded marketing spending (up 28.2% YoY) and offline payment terminal rollout costs, as well as increased GPU investments for AI infrastructure development. Market attention has shifted toward Naver's AI data cent

According to South Korea's presidential office, on October 8, President Lee Jae-myung instructed the government to refrain from submitting a CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership) accession application this year. The presidential office cited the need to prioritize restoring trust with farmers and fishermen. The instruction came roughly one month after formal discussions on CPTPP membership began. A November ministerial meeting for CPTPP required a formal a

Three union members at Antofagasta Plc.'s copper mine have begun a hunger strike, escalating an ongoing labor dispute in Chile. The strike centers on wage discrimination, with workers demanding equal pay and benefits for the same roles across different union groups. The company has proposed a 2% base salary increase and cash bonuses, but unions warn that production impacts will intensify, with November copper output potentially declining by approximately 50%.

According to the Bank of Korea, on October 11, the central bank is discussing development of a new Korean won index that combines trade and securities investment weights, rather than relying solely on traditional trade-based real effective exchange rates. The proposal emerged from discussions in the Monetary Policy Committee's August 27 meeting, where members noted that portfolio investment flows have become a major factor in foreign exchange supply and demand. The new index would track approxim

According to Bloomberg, EU leaders will discuss next week a budget proposal cut by approximately €160 billion from the European Commission's original €2 trillion budget plan for the next seven-year period. The compromise proposal, championed by Ireland following pressure from several member states, reduces the initial plan by roughly 8 percent. Despite the cuts, the next budget will remain approximately 30 percent larger in nominal terms compared to the previous multiannual financial framework.

On October 10, U.S. President Donald Trump said Ukraine should not attack oil refineries and suggested the country needs new leadership. Speaking to reporters at the White House before departing for a Tennessee campaign rally, Trump stated: "I recommend they get a new leader that can make a deal, because he (Zelensky) could have made a lot of deals, but for some reason, he never did." Trump indicated the war was preventable and that Ukraine should replace its president to reach a settlement.

According to German Press Agency (DPA), former German Chancellor Gerhard Schröder was invited to Russian President Vladimir Putin's home in Moscow on October 7 to celebrate his 74th birthday. The Kremlin confirmed via Telegram that Putin learned of Schröder's presence in Moscow through media reports and invited his longtime acquaintance to visit. Photos released by Russian officials showed the two men smiling and shaking hands firmly during the birthday meeting.

According to CCTV, President Trump stated on October 10 that the United States might join Saudi Arabia's military operations against Houthi forces following recent attacks, saying "we will carefully consider" the decision. Earlier that day, Saudi Arabia's General Authority of Civil Aviation announced that Riyadh's King Khalid International Airport was attacked again, leaving multiple people injured. The authority said it has temporarily suspended airport operations for damage assessment and faci

Hurricane Isaias made landfall in Florida on the evening of October 9, bringing heavy winds and rainfall. As of 4 p.m. local time on October 10, the storm has caused at least 4 deaths in the U.S., with over 625,000 power outages reported across Florida, Alabama, and Georgia. The U.S. National Hurricane Center said Isaias has weakened to a post-tropical cyclone but may still bring heavy rainfall and strong winds to affected regions.

According to Saudi General Authority of Civil Aviation, Riyadh's King Khalid International Airport was struck on October 10 afternoon, killing 12 and injuring 309 people. Following the attack, authorities have temporarily suspended airport operations to conduct damage assessment and safety inspections of the facilities.

According to growthepie data, Robinhood Chain daily transactions fell 42% between October 2 and October 8, averaging 6.2 million compared with 10.8 million during September 10–16. Daily active addresses declined 31% to roughly 322,000 over the same period. Despite the slowdown, more than $1 billion remains deposited across applications on the network, with deposits on lending and trading applications increasing approximately 2% to $1.04 billion. Spot trading volumes weakened 21% to $7.45 billion

According to spokesman Turki al-Maliki, the Saudi Arabia-led multinational coalition destroyed 136 military targets controlled by Yemen's Houthi forces on the evening of October 9. The coalition is conducting large-scale military operations to dismantle the militant group's ballistic missile network and degrade its operational capabilities. Al-Maliki stated the coalition is providing round-the-clock air support to Yemeni government forces.

According to sources, Lone Pine Capital's Cypress hedge fund wiped out nearly all of its first-half gains in Q3, ending September with just 0.6% year-to-date returns despite surging 44% through June. The fund collapsed nearly 25% in July alone, with subsequent months recording further losses that drove Q3 losses to approximately 30%, attributed to incorrect equity positioning and short trades.

According to Yonhapinfomax, U.S. equity markets for the week of October 12-16 will be shaped primarily by inflation data and remarks from Federal Reserve Chair Kevin Walsh. The Labor Department will release September's Consumer Price Index on October 14 and Producer Price Index on October 15. Markets expect headline CPI to rise 0.6% month-over-month and core CPI to climb 0.2%. Walsh will participate in a discussion at the International Monetary Fund and World Bank annual meeting in Bangkok on Oc