Gate Crypto Flash News and Market Updates

According to Yonhapinfomax's survey of 15 domestic and foreign financial experts on October 16, South Korea's central bank is expected to hold its benchmark rate at 3.00% at next week's monetary policy committee meeting. Of the 15 surveyed experts, 14 anticipated an additional rate hike in November, with the majority projecting the rate would reach 3.50% by year-end 2026. Only one expert predicted rates would remain unchanged through the end of this year.

According to Jin10, Myanmar's Thanlyin refinery, located near Yangon, resumed commercial operations on Wednesday (October 16) for the first time in over a decade. The facility's first phase aims to reduce the country's dependence on imported gasoline and aviation fuel. Upon completion, the refinery is expected to process over 60,000 barrels of crude oil daily, meeting approximately half of Myanmar's domestic demand. The second phase is projected to be completed by 2028.

South Korea's Finance Ministry will strengthen market monitoring to assess the impact of stock market volatility on bonds, foreign exchange, and short-term money markets, the ministry announced today.

Taiwan Stock Exchange's weighted index opened today at 46,995.03 points with minimal change.

On October 16 (Friday) morning session, Shanghai Gold Exchange gold T+D (deferred futures) rose 0.66% to 895.43 yuan per gram, while silver T+D climbed 1.52% to 13,880 yuan per kilogram.

Coinbase officially announced it will suspend trading for Neon EVM (NEON) and Syndicate (SYND) on November 16 at 2:00 PM ET, following a recent asset review. The suspension affects Coinbase's web and mobile platforms, Coinbase Exchange, and Coinbase Prime.

China's commodity futures opened mixed on Oct 16 morning, with declines outnumbering gains. Synthetic rubber led gains, rising nearly 3%, while Shanghai silver, Shanghai tin, and No. 20 rubber each rose over 1%. On the decline side, palm oil and pure benzene fell nearly 2%, while fuel oil, Shanghai nickel, styrene, methanol, liquefied petroleum gas, apples, ethylene glycol, and plastics each dropped over 1%.

According to Ledger's investigation report released recently, a sophisticated criminal group purchased authentic Ledger devices, disassembled them, and implanted hidden components to steal users' recovery phrases during device initialization. The compromised devices were then resold through Southeast Asia distribution channels. The attackers invested millions of dollars to establish infrastructure for collecting recovery phrases, transferring assets, and laundering proceeds. Ledger emphasized th

According to Nvidia, Adobe and Nvidia announced an expanded partnership on October 15 covering Photoshop, Premiere, Substance 3D, Frame.io, and Brand Concierge. Selected creative tasks can run up to 2x faster with RTX Spark optimizations. RTX Spark targets PCs including slim laptops and small desktops. Adobe's general app requirements do not mandate specific RTX graphics processing units. Frame.io has updated its cloud pipeline to use Nvidia GPUs for video decoding and search embedding generatio

According to Amazon, on October 16, 2026, the company announced Bee Frontier and Bee Eclipse, AI wearables that convert conversations into summaries, reminders, and to-dos. Frontier, wearable on the wrist or clipped to clothing, is available now at US$74.99. Eclipse, which magnetically attaches to phones, comes soon starting at US$99.99. Bee Pro subscription costs US$11.99 monthly and includes integrations with Gmail, Microsoft Outlook, Alexa+, and Amazon.com, along with conversation summaries,

According to Reuters, on Thursday October 15, Anthropic's IPO valuation expectations dropped from $2 trillion to $1.5 trillion amid investor disappointment with slowing revenue growth. The AI startup reported Q3 revenue of $16.8 billion, up 45% sequentially, and positive adjusted profitability, but investors had expected stronger growth following Q2's over 100% sequential increase to $11.6 billion.

According to BitGo, stablecoin transaction volumes are rising despite flat supply recently. The data indicates that the same dollars in circulation are being utilized more frequently for payments and trades. BitGo notes that when assessing stablecoin activity, it is important to exclude bot transactions and exchange flows to accurately represent market activity.

According to Yonhapinfomax on October 15, U.S. Treasury yields fell broadly overnight, with 10-year yields dropping over 10bp to 5.08% and 2-year yields declining over 5bp. The decline came despite consumer price index (CPI) and producer price index (PPI) data beating market expectations earlier in the week. Investors shifted toward safe-haven assets following sharp declines in technology stocks, which lost approximately $1 trillion in market capitalization this week. The move reflected a return

According to Business Insider, on October 15, Ray Dalio, founder of Bridgewater Associates, warned that competition between governments and AI firms for investor capital could drive up bond yields and borrowing costs. Dalio posted on X that global net debt supply is projected to rise from $3.5 trillion in 2025 to $4.4 trillion in 2027—an additional $500 billion in annual supply. "If demand is insufficient, financial asset prices will fall and yields will rise. That is the current situation," he

According to CFETS-NEX, China's CNY funding sentiment index stood at 46 as of 08:45 on Oct 16, unchanged from Oct 15 at 16:00. By institution type, large banks reported 43, mid-size and small banks 46, and non-bank institutions 48, all flat day-over-day. The index ranges from 0 to 100, with 50 marking equilibrium; readings above 50 indicate tightening conditions.

According to ChainCatcher, Sharjah Police in the United Arab Emirates, in collaboration with the Ministry of Interior, successfully dismantled four interconnected transnational criminal networks under Operation "End of Battle." The action resulted in the arrest of 33 suspects from 12 nationalities, including core leaders. Authorities seized assets exceeding $54.4 million and protected over $17.7 billion in assets across more than 30 global enterprises and institutions. The criminal networks were

According to BlockBeats, on October 16, Bitcoin bounced at $80,000, lifting previously strong altcoins. Per HTX market data, NEAR traded at $5.3281, up 9.9% in 24 hours; PYTH reached $0.09335, up 10.5% and hitting its highest level since November last year; INJ climbed to $8.563, up 11.98% and also marking a 13-month high.

On October 16, U.S. President Trump stated that Russia and Ukraine will eventually reach some form of settlement, though he expressed doubt it would occur through Ukrainian President Zelensky, according to reports. Commenting on reports of Ukrainian strikes on Russian oil refineries, Trump said he had previously advised Zelensky against such actions, describing him as 'not the kind of person to deal with us.' Trump expressed skepticism about Zelensky's commitment to peace, saying, 'They will eve

Australia has proposed a new bill requiring cryptocurrency exchanges to report transaction information involving Australian residents and participate in international tax information sharing mechanisms. Under the draft legislation, crypto platforms must submit user transaction data to the country's tax authority starting July 2027.

According to The Information, CoreWeave, an AI computing power company, and Broadcom, a semiconductor giant, have opposed a proposal by OKXICE—a joint venture between crypto exchange OKX and Intercontinental Exchange—to tokenize and trade their stock on blockchain.