Gate Crypto Flash News and Market Updates

According to Liquid247.xyz, Hyperliquid address 0x2fd1cb...603e reversed to long 288.649 Bitcoin (BTC), with a notional value of $23.67 million, at press time when BTC was trading at $82,008.

According to Coinglass data, on October 16 at 18:13 UTC, $100 million in USDT transferred to Binance from an unknown wallet.

According to Xinhua News Agency, on October 16, Xi Jinping visited Ulanqab, Inner Mongolia, and stated that the computing power industry is at an accelerated development stage with broad prospects. During his inspection of the Chakhar High-Tech Zone, Xi highlighted that the computing power network is one of six major networks planned and built by China, and called for strengthened focus on "computing-electricity coordination" and "computing-water coordination." He also emphasized the importance

China and Vanuatu concluded the second round of negotiations on their Upgraded Economic Partnership Agreement in Beijing during October 12-16, achieving substantive progress. The two countries conducted in-depth consultations on goods trade, rules of origin, services trade, intellectual property, and practical cooperation initiatives.

According to Hong Kong Exchanges and Clearing, the Hong Kong Stock Exchange announced plans to shorten the settlement cycle for Hong Kong equities spot market from T+2 to T+1, with a target implementation date of September 2028. The original timeline has been revised to the second half of 2028 based on market feedback. The Hong Kong Securities and Futures Commission welcomed the move. Executive Director Leung Chung-kin stated that this step is crucial to maintaining Hong Kong's competitiveness a

According to Lookonchain data, on October 16, a trader staked 252 million PAPER tokens earned from Papertrade's first-day trading, receiving $1.73 million in USDC rewards. The address accumulated the tokens after generating $10.1 billion in trading volume but incurred a $979,000 loss. The trader has already realized $762,000 in profits from the staking rewards.

Star Asia Holdings (08293) announced that for the fiscal year ended July 31, 2026, the group expects consolidated profit of at least approximately SGD 9 million, compared to a consolidated loss of about SGD 1.2 million in the prior fiscal year ended July 31, 2025. The turnaround from loss to profit is mainly attributed to unrealized gains from fair value changes in financial assets measured at fair value through profit or loss.

According to TechCrunch, Bluesky announced at Disrupt 2026 the expansion of its Attie AI tool beyond custom feeds, enabling users to create websites, games, quizzes, polls, and other interactive experiences on the AT Protocol. Users can leverage their AT Protocol identities and either bring their own AI models or use open-weight options. The company said creators' projects can reach Bluesky's 47 million registered users. The move is part of Bluesky's effort to boost activity on its decentralized

Iran's foreign minister stated that the country remains vigilant and closely monitoring any U.S. military presence around Iran, while affirming direct communication channels with Armenia. The minister expressed confidence that Armenia will not take any actions that could harm Iran's security and pledged to continue consultations with Armenian authorities.

According to Vishal Khanduja, director and head of broad market fixed income at Morgan Stanley Investment Management, on October 16, global AI data center-related investment is projected to reach $5 trillion by 2030 under the base case scenario. The estimated 2027 AI-related capital expenditure has risen to approximately $1.4 trillion from about $700 billion in 2025, nearly doubling. Khanduja noted that his team's calculations of off-balance-sheet financing and lease commitments by major data ce

Italy's trade surplus dropped to 1.773 billion euros in August from 8.24 billion euros in the prior month, marking a significant decline in the country's trade performance.

According to CoinGlass, Bitget's Tesla (TSLA) contract holdings reached approximately $18.76 million in 24 hours, up 58.31% from the previous level.

According to Foresight News, Bybit will launch DRV USDT perpetual futures today (October 16) at 18:30 UTC with up to 20x leverage support.

According to Lookonchain, trader Bonk Guy's portfolio increased by over $1 million in the past 24 hours amid market recovery. He currently ranks first on both FOMO's 24-hour leaderboard and all-time rankings.

According to Farside Investors, US spot Bitcoin ETFs recorded $5.1 million in net inflows on October 15, marking a sharp recovery after $261.4 million in net outflows the previous day. BlackRock's iShares Bitcoin Trust (IBIT) led the session with $16.8 million in inflows, while Grayscale's Bitcoin Trust (GBTC) saw $7.6 million in withdrawals and Invesco's BTCO fund lost $4.1 million. Bitcoin rebounded above $82,000 during the same period after briefly falling below $80,000. BTC was trading aroun

According to EmberCN data, on October 16, the top three addresses on Hyperliquid's Papertrade platform have each accumulated trading volumes exceeding $100 billion since the loss-mining protocol launched on October 10. The leading address recorded $11.6 billion in trading volume with $780,000 in losses and acquired 46 million PAPER tokens at a cost of $0.017 per token; the second-ranked address posted $10.3 billion in volume with $930,000 in losses and obtained 85 million PAPER at $0.011 per tok

According to statements on October 16, President Trump's AI task force held its first meeting on Thursday, agreeing to address cybersecurity, biological safety, and model control and accountability risks. In separate remarks, a senior U.S. official clarified that Trump has not ordered any restrictions on Ukraine's use of SpaceX's Starshield satellite technology. Trump also stated he would not deploy nuclear weapons or ground forces in operations against Iran, though military strikes on Iranian t

According to Shimao Group announcement, the company's accumulated contract sales for the first nine months of 2026 reached approximately 105.03 billion yuan, down 45.35% year-on-year, with a cumulative sales area of 857,239 square meters. The average selling price for the nine-month period was 12,252 yuan per square meter. In September alone, Shimao reported contract sales of approximately 7.82 billion yuan with a sales area of 65,067 square meters, at an average price of 12,018 yuan per square

According to the Kremlin on Oct 16, Zelenskyy does not want to take responsibility or seek a peaceful resolution to the conflict. The Kremlin stated that Russia holds the same view as U.S. President Trump on this matter.

According to Jin10, multiple Chinese banks raised deposit rates on October 16, with five-year fixed-term deposit rates at some city commercial banks, rural commercial banks, and private banks reaching as high as 2.1%. The major state-owned banks maintained their five-year fixed-term deposit rates at 1.30%, while joint-stock banks raised their comparable products to approximately 1.60%, reflecting a clear tiering of deposit rates across different bank types.