Gate Crypto Flash News and Market Updates

According to Beijing police on October 12, two individuals, identified as Guo and Chang, have been taken criminal compulsory measures for fabricating and spreading rumors that multiple employees of a tech company were detained. The false information was widely circulated and disrupted public order. The case relates to the rumors targeting Moonshot AI (Kimi creator), which had denied the allegations on September 12.

According to Micron's 10-K annual report filed last Friday, the company's board authorized an additional $33 billion in share buybacks, bringing total buyback authorization to $35.16 billion. Micron is restricted from repurchasing shares until December due to conditions tied to U.S. Chips and Science Act funding received in 2024. TD Cowen analyst Krish Sankar noted that the authorization exceeds his expectations, suggesting Micron is demonstrating greater shareholder returns compared to competit

According to OKX data, over the past 24 hours on October 13, Starknet (STRK) led declines with a 28.94% drop, while Litcoin (LIT), Ethena (ENA), NEAR Protocol (NEAR), and Wonderland (W) each fell approximately 15%. Other assets including Conflux (CFX) dropped 17%, and ONDO, Lido (LDO), Internet Computer (ICP), Worldcoin (WLD), Filecoin (FIL), and Uniswap (UNI) all declined more than 10% during the same period.

According to ING on October 12, the Dutch banking group forecasts the USD/KRW exchange rate to trade between 1,325–1,400 won by year-end, with the Bank of Korea expected to raise its benchmark rate by 100 basis points over the next 12 months. ING noted that while hawkish U.S. monetary policy had previously pushed the USD/KRW rate to 1,390 won, the pair subsequently retreated as strong semiconductor export demand and increased confidence among Korean exporters to convert earnings into won provide

According to Litbit Pool founder Jiang Zhuoer on October 13, Bitcoin is likely to fall below $80,000 but will probably not break below $77,000. The $77,000 level serves as the point of control (POC)—the price with the largest trading volume—across both the previous consolidation range and the uptrend since August 19. Jiang also expects that BTC will likely not decline below $75,000.

According to Guru Club, on October 13, Brent crude oil futures fell 1% to $105.581 per barrel, while WTI crude oil futures declined 0.94% to $92.856 per barrel.

According to Business Insider, veteran investment strategist Jim Paulson analyzed the Walmart Recession Signal (WRS)—a gauge comparing Walmart's stock performance to luxury brands—indicating that the indicator's recent strengthening suggests potential U.S. economic weakness and possible Federal Reserve rate cuts ahead. Since August, Walmart shares have outperformed the S&P 500 Global Luxury Index by approximately 21 percentage points, rising 8% from late August lows. Paulson noted the indicator

According to Guru Club, Chinese commodity futures opened with mixed performance on October 13. Methanol led declines, dropping over 5%, while lithium carbonate fell over 4%. Asphalt and PVC each declined over 1%, and palm oil and rebar slipped marginally. On the upside, LU fuel oil surged over 5%, fuel oil gained over 3%, and crude oil rose over 2%. Liquefied petroleum gas and plastics each climbed over 1%, while corn and white sugar posted modest gains.

According to Guru Club, JPMorgan and Goldman Sachs reduced their risk exposure in a $5 billion loan arrangement for AI cloud startup Volta Infrastructure on October 13. The two banks underwrote $1.3 billion of the deal's term loan while declining to underwrite the remaining $3.7 billion chip loan. Volta's debt carries an 11% yield rate, among the highest borrowing costs in the leveraged loan market linked to AI infrastructure financing.

According to The Economic Times, Indian artificial intelligence startup SARVAM is seeking $250 million to $300 million in fresh funding on October 13. The company is in talks to raise up to $300 million at a $3 billion valuation.

According to its IPO prospectus, Pinnacle Marine, a Singapore maritime services provider, has filed an application for listing on the Hong Kong Stock Exchange's main board. The company operates across aluminum work vessel construction, work boat leasing and logistics support, ship agency services, and maritime supplies. In the year ended March 31, 2025, Pinnacle Marine reported revenue of 46.42 million Singapore dollars with a gross profit margin of 41.5%, compared to 30.2% in 2023. As of August

According to the China Maritime Safety Administration, the Qinglan Maritime Affairs Bureau issued a navigation warning on October 13, prohibiting entry into designated South China Sea waters from 9 a.m. to 11 a.m. local time due to military training operations.

The Taiwan Weighted Stock Index declined 1.5% to 48,564.60 points at the opening of trading today, according to the Taiwan Stock Exchange.

According to Shanghai Gold Exchange, on October 13 during early trading, gold T+D fell 0.8% to 897.64 yuan per gram, while silver T+D declined 1.75% to 14,563 yuan per kilogram.

According to Goldman Sachs via Business Insider on October 12, the bank upgraded its stock rating to overweight for the next three months and maintained bonds at overweight for the next 12 months, citing a "Goldilocks" economic environment where growth remains solid while inflation pressures ease. Goldman Sachs projects S&P 500 corporate earnings to rise approximately 18% in 2027, excluding other income from equity revaluations, while U.S. Q3 GDP growth is estimated at an annualized 3.6%, suppor

Reserve Rights Token recorded a sharp 10.52% decline in just one hour today, with the token currently priced at $0.001964. RSR experienced a notable trading volume of $37.22 million amid the downturn, which follows a day-high of $0.002929. Over the past 24 hours, RSR has gained 19.10%, showcasing significant volatility in the altcoin market.

According to FIU statement on October 13, South Korea's Financial Intelligence Unit blocked domestic internet access to 27 unregistered overseas crypto exchanges, including Kucoin, MEXC, Phemex, XT.com, Bitrue, CoinW, ZoomEX, Poloniex, BTCC, DigiFinex, Pionex, Blofin, BingX, BitMart, and KCEX. The exchanges operated in South Korea without reporting to FIU as required by the Special Financial Information Act, which mandates registration for any crypto business targeting Korean users. Access will

According to Caixin, the UK High Court ruled on October 12 that the property rights claims of Chinese investors regarding over 61,000 BTC seized in the Tianjin Lantian Gorui illegal fundraising case should be determined under Chinese law, not English law. This ruling means approximately 16,000 Chinese victims pursuing claims through UK procedures may not benefit from BTC appreciation gains, with compensation potentially limited to principal and interest only.

According to Federal Election Commission data, two crypto-focused super PACs under Fairshake—Defend American Jobs and Protect Progress—have committed approximately $2.7 million ahead of the midterm elections to support bipartisan House candidates through advertising and direct mail campaigns.

According to Robinhood CEO Vlad Tenev, the company is investing to attract top developers to Robinhood Chain. In a social media response, Tenev stated, "We want the best builders to join Robinhood Chain, and we are investing to make that happen. If you are building something great, we want to hear from you." Additional details are expected to be announced soon.