Gate Crypto Flash News and Market Updates

According to Guru Club citing 我的钢铁网 data, on October 12, major steelmakers in Hebei and Shandong reduced coke purchasing prices for the second time, with wet-quenched coke down 100 yuan per ton and dry-quenched coke down 110 yuan per ton. Meanwhile, Luliang Xiaoyi high-sulfur coking coal prices reversed lower, trading at an average of 2,055 yuan per ton on October 12, up 97 yuan per ton from October 8.

According to CoinDesk, on October 12, Bitcoin maintained above $83,000 amid gains in the U.S. dollar and rising Treasury yields, which weighed on market risk sentiment. The dollar index (DXY) held above 102.4, while gold fell approximately 0.5% to around $4,180 per ounce. Bitcoin also declined about 0.5%. U.S. equity index futures edged lower, and WTI crude oil rose above $92 per barrel. Treasury yields continued climbing as bond prices fell, reversing earlier gains in long-duration bond ETF TLT

According to Euronews, France's National Assembly Finance Committee voted last week to approve crypto tax amendments that will impose an exit tax on residents holding over €800,000 in crypto assets beginning in 2027. The tax will apply to tokens on foreign platforms and self-custodial wallets; residents relocating within the EU may request tax deferrals, with exemptions available after holding assets for 2–5 years. Additionally, self-custodial wallets valued over €100,000 at year-end must be dis

According to the World Data Organization, the organization's Secretariat became fully operational recently. The Secretariat established multiple departments including a General Office, Member Services Department, Research Department, Technology Department, and Industry Cooperation Department. The organization plans to advance rule-building, refine operational mechanisms, and promote member services, policy research, technical standards, and industry cooperation initiatives.

According to Germany's domestic intelligence chief, Russia is conducting hybrid operations using virtually all available tools, including assassination plans targeting Germany. The statement reflects ongoing security concerns about Russian activities across Europe.

According to 21st Century Business Herald, Beijing police have launched a criminal investigation into CreditEase, one of China's largest former P2P lending platforms. Founder Tang Ning and other suspects have been placed under criminal compulsory measures. The investigation follows CreditEase's prior suspension of redemptions on fixed-income products, amid concerns over potential insolvency.

US natural gas futures declined over 3% during intraday trading today, with prices now at $3.123 per million British thermal units (BTU).

According to Jin10, Chinese Prime Minister Li Qiang spoke with New Zealand Prime Minister Christopher Luxon on October 12 afternoon. Li emphasized that China-New Zealand relations remain stable, and both countries aim to deepen cooperation as a mutually respectful and win-win partnership. During the call, Li proposed accelerating negotiations on the China-New Zealand Free Trade Agreement's negative list for services trade and expanding collaboration in new energy vehicles, solar power, and wind

According to Reuters and IMF President Kristalina Georgieva, on October 12, AI infrastructure investment is sustaining global economic growth at around 3% and could boost advanced Asian economies' growth by 0.5-1 percentage point. However, Georgieva warned that AI represents a "slow-moving tsunami," with IMF research showing approximately 40% of jobs globally will be enhanced, downgraded, or eliminated—rising to 60% in advanced economies. The shift will profoundly affect tax revenue and educatio

According to Haidilao's statement on October 12, the company granted controlling shareholder Zhang Yong a revolving loan facility of CNY 100 million denominated in Hong Kong dollars. The loan carries a 30-day tenure and interest rate equal to one-month Hong Kong Interbank Offered Rate plus 60 basis points. Zhang Yong serves as the company's controlling shareholder, executive director, and chairman and chief executive officer.

According to AST SpaceMobile, BlueBird satellites 14, 15 and 16 reached Cape Canaveral over the weekend, with the company preparing them for orbit deployment as part of its Block 2 fleet designed to connect directly with standard smartphones. The development sent ASTS stock up 1% overnight on October 12. Separately, the Federal Communications Commission granted AST a 30-day special temporary authorization effective October 9 through November 8 to test 900-MHz radiolocation capabilities over the

According to Russia's presidential press secretary Peskov, cited by RIA Novosti on October 12, President Putin is willing to order a halt to strikes on Ukraine on the day of presidential election if Ukraine intends to hold elections. Peskov rejected Ukraine President Zelensky's proposal for a 60-day complete ceasefire to organize the election, emphasizing that Russia seeks "a comprehensive peace agreement, not a temporary ceasefire."

According to Cointelegraph, on October 12, CryptoBilis' former leader Arravind Prabu denied involvement in a recent security incident affecting Ledger hardware wallets and stated he had no access to company systems after the acquisition completed in March 2026. Prabu clarified that he and Vimalatheethan transferred all operational, managerial, and administrative duties upon the acquisition and have since held no backend system access, customer database access, or management control. He noted the

According to Crypto.com, the company completed the Stargate Finance (STG) token merge into LayerZero (ZRO) at a 1:0.08634 ratio, enabling immediate ZRO trading on Crypto.com App and Exchange. Users holding STG received ZRO tokens following the reissue, with trading now live on both platforms.

According to The Block, IREN, a bitcoin mining company transitioning to AI infrastructure, signed a multi-year AI cloud computing partnership agreement with Anthropic on October 12. The deal is part of IREN's ongoing shift from bitcoin mining toward AI computing services, leveraging its data center and computing resources.

According to Brookings Institution research, U.S. AI data center investments are projected to reach $10.3 trillion between 2025 and 2032, averaging 3.63% of GDP annually—1.6 times the peak of 19th-century railroad construction and over 3 times the internet and fiber buildout boom, according to Columbia Business School professor Stijn Van Nieuwerburgh. Meta, Microsoft and other tech giants have increasingly shifted to leasing, joint ventures, special purpose vehicles and private credit financing

According to the Bank of Korea's Governor Shin Hyun-song during a parliamentary hearing on Oct 12, technical factors including currency hedging are responsible for the recent slowdown in global bond index (WGBI) fund inflows. Shin explained that when foreign investors hedge the Korean won before investing in South Korea, the country's favorable dollar liquidity creates negative spreads during the hedging process, reducing capital flows. The governor noted that while inflows have declined slightl

According to Euanalyze, U.S. stock index futures showed mixed performance on October 12, with Dow futures up 0.08%, S&P 500 futures up 0.12%, and Nasdaq-100 futures down 0.05%. Brent crude remained above $100 per barrel amid Middle East tensions, including a deadly attack on Riyadh airport over the weekend, offsetting earlier expectations of lower energy prices from a Russia-Ukraine energy facility ceasefire agreement. Market focus shifts to third-quarter earnings kicking off October 15, with ma

According to developer Maurice Heumann, a developer used more than 500 billion AI tokens across a three-month period to rebuild the source code of Call of Duty: Modern Warfare 2 (2009), achieving 83% byte-for-byte function matching with the original. The project employed 17 AI agents running in parallel, primarily using Anthropic's Claude and OpenAI's Codex models, and the game is now fully playable. Heumann estimated the total token consumption at 600-700 billion, with estimated costs ranging f

According to CZ on October 12, the cryptocurrency executive stated on X that he will never charge fees for a meeting and will refuse to meet anyone who has paid such fees. CZ warned users not to pay any intermediaries or scammers claiming to arrange meetings with him, emphasizing that anyone demanding payment for such arrangements does not represent him.