Gate Crypto Flash News and Market Updates

According to Onchain Lens, TRON processed approximately 1.1 billion transactions in Q3 2026, up 33.7% year-over-year, per the TRON DAO's Q3 ecosystem report released on October 13. Monthly active addresses increased 9.8% to 18 million, while stablecoin settlement volume reached $2.21 trillion with an average daily volume of $240.5 billion.

According to Foresight News, Payy launched a claims process on October 13 for users affected by the cross-chain contract hack, with a 30-day window. Eligible users will receive USDC compensation via the Ethereum network. The privacy stablecoin payment network suffered approximately $1.8 million in losses, according to monitoring by Specter. Payy Wallet has been suspended and will shut down completely after the claims window closes.

On October 13, the midpoint exchange rate of Chinese yuan against the US dollar strengthened by 15 basis points to 6.7298, marking the highest level since February 2, 2023.

According to UBS Asset Management on October 12, oil prices remain vulnerable to unexpected supply disruptions, with strategic reserves buffering capacity diminishing as emergency stockpiles deplete. The asset manager noted that while recent emergency oil reserves releases by G7 nations through the International Energy Agency provide temporary relief, they do not resolve underlying market imbalances. Meanwhile, WTI crude for November delivery closed at $93.74 per barrel on the New York Mercantil

According to Lookonchain, trader AguilaTrades opened a 40x leveraged Bitcoin short position of 124.24 BTC (approximately $10.14 million) 4 hours ago on October 13. The liquidation price for the position stands at $83,432.22. AguilaTrades has accumulated losses of $38 million to date.

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