Gate Crypto Flash News and Market Updates

According to Bloomberg, on October 13, Epic Games delayed its collaboration with Disney on a shooter game featuring Marvel and Star Wars characters, originally scheduled for March 2027 release. The company has adopted an AI-first development model, requiring teams to use Anthropic's Claude and other AI tools while maintaining human oversight. According to internal communications, the project's game director instructed teams to stop writing code manually, with all art assets generated through AI

Navitas Semiconductor (NVTS) unveiled a 24 kW, 800V-to-12V direct current (DC)-to-DC power module co-developed with NVIDIA to support the NVIDIA MGX ecosystem and advance 800V DC power architecture in AI data centers. The module leverages the company's GaNFast technology and is built on gallium nitride and silicon carbide semiconductor platforms. The new power module is scheduled to be showcased at the NVIDIA AI Factory MGX Wall partner exhibition area during the 2026 OCP Global Summit.

According to Yonhapinfomax, on October 12, Beth Hammack, president of the Federal Reserve Bank of Cleveland, called for restrictive monetary policy to achieve the 2% inflation target. Speaking at the National Association for Business Economics (NABE) Annual Conference, Hammack stated that inflation pressures are not concentrated in a single sector but broadly based, extending beyond energy prices to include tariff-induced cost shocks and demand-side pressures from artificial intelligence infrast

According to Bloomberg, the Bloomberg Electric Vehicle Price Return Index declined 1.51% on Monday, October 12, closing at 3,119.71 points. The index reached an intraday high of 3,187.66 points during Asia-Pacific trading before entering a sustained sell-off through European and U.S. sessions.

According to Gate's market data, the Dow Jones Index closed up 195.6 points, or 0.38%, at 51,850.55 on October 12. The S&P 500 Index declined 4.33 points, or 0.06%, closing at 7,807.21. The Nasdaq Composite Index dropped 120.27 points, or 0.44%, ending at 27,245.9.

According to Russian media reports, Russian Deputy Prime Minister Novak said on October 12 that Russia and the U.S. are negotiating on diesel supplies. Following a presidential agreement, the Russian government has partially lifted restrictions on diesel exports, allowing supply to global markets including the United States. Energy departments and companies from both nations are now engaged in talks.

According to Jin10, the Fear and Greed Index released its latest reading on October 12 (Monday) following the close of the U.S. market session.

According to CCTV, on October 12, Russia's permanent representation to the European Union criticized the sanctions list approved by the EU that day. The Russian delegation stated it does not recognize unilateral coercive measures that circumvent the UN Charter, calling them illegal and unfounded. Russia rejected the EU's attempt to use sanctions pressure to alter its foreign policy, and said EU hostile actions would receive an appropriate response from Moscow.

According to Arabian TV, Saudi Arabia's energy minister stated that crude oil transport capacity could reach 10 million barrels per day within two to three years, as the country pursues plans to expand pipeline transmission capacity and diversify oil shipping routes.

STRAX surged 11.58% to $0.01233 in the last hour, with a 24-hour gain of 12.81%. Trading volume reached $504,733.37 over the past 24 hours, reflecting heightened whale activity and market participant engagement. The price recovered from a daily low of $0.01088, suggesting strong upward momentum.

According to Token Terminal, USDC recorded $40.2 billion in trading volume on decentralized exchanges over weekends in the third quarter, with a median weekend trading volume of $1.37 billion per day.

U.S. stock markets closed lower today. The S&P 500 fell 0.1%, with the technology sector declining 0.9% and consumer discretionary down 0.7%. Telecommunications and energy rose 1.1% and 1.3%, respectively. The Nasdaq 100 index fell 0.7%, with notable declines in Lumentum (down 9.8%), SanDisk (down 5.9%), and Micron Technology (down 3.6%). Meta gained 3.3% and Shopify rose 4.7%. The semiconductor index fell 2.6%, while storage chip stocks declined 3.7%.

According to Bloomberg, U.S. Treasury yields reached multi-year highs following a sustained selloff, with 10-year yields at approximately 5.24% and 2-year yields near 4.8% as of October 12. Major Wall Street banks including Goldman Sachs, Morgan Stanley, and Citigroup identified buying opportunities in current valuations, with Goldman favoring 10-year positions and Citigroup preferring 2-to-3 year maturities. However, strategists cautioned that elevated yields do not signal prices have bottomed,

The Nasdaq China Golden Dragon Index fell 0.3% in early trading today (October 12). Among popular Chinese-listed stocks, Xiaomi and Hesai fell 5.5%, Century Internet dropped 3.8%, while NIO and BYD declined over 2.5%. Alibaba fell 0.5%, Baidu dropped 1.2%, and Tencent slipped 0.9%. On the upside, NetEase gained 0.9%, ZTO Express rose 1.5%, ASM Pacific gained 2.6%, and Hey Tea surged 6.6%.

According to Tom's Hardware, Intel today announced its Crescent Island AI accelerator as the official GPU D-Series, delivering 1.3 peak PFLOPS of FP8 compute and 1.5 TB/s of memory bandwidth. The chip will be available in air-cooled PCIe form factor with 350W TDP and up to 480GB of LPDDR5X memory. The GPU D-Series is designed for distributed inference deployments, scaling up to eight GPUs per rack and targeting inference on models spanning over one trillion parameters. Intel positions the accele

According to GitHub data, REA, an open-source reverse-engineering toolkit that connects AI coding agents to tools like Ghidra, jumped from under 10,000 stars on October 6 to more than 100,000 by October 12. The project collected over 30,000 stars on October 11 alone. REA enables users to point an AI agent at any software program and ask how a specific feature works, allowing the agent to reverse-engineer from screen behavior down to binary code, working on desktop apps, Android apps, and website

According to Jin10, the U.S. Dollar Index rose 0.37% to 102.590 on October 12. The euro weakened to 1.1156 per dollar from 1.1202, while sterling fell to 1.3206 from 1.3241. The yen strengthened to 158.68 per dollar from 158.21, and the Swiss franc rose to 0.8348 from 0.8298.

PJM Interconnection, the U.S. power grid operator serving the Eastern Interconnection region, plans to issue a Level 1 Energy Emergency Alert before 5 PM ET today.

On October 12, Evernorth Holdings' XRPN stock surged as much as 13% above Friday's close during its Nasdaq debut before reversing nearly all gains within hours. Shares opened at $16.68, briefly climbed to $19.39, then retreated toward $17 by midday trading. The company completed its merger with Armada Acquisition Corp. II on October 9, bringing approximately 473 million XRP to public markets. Evernorth shareholders include Ripple, SBI Group, Arrington Capital, Pantera Capital, Kraken and GSR. Un

According to @tokenterminal, JPMorgan's tokenized money market funds hold $844 million on Ethereum as of October 11. JLTXX contains $741 million, while MONY holds $103 million.