Gate Crypto Flash News and Market Updates

According to China Earthquake Networks Center, a 6.9-magnitude earthquake struck Russia's Kamchatka Peninsula on October 16 at 11:35 a.m. The quake had a focal depth of 150 kilometers.

According to Guru Club, spot gold rose approximately $20 today (October 16), reaching $4,180 per ounce, with intraday gains of 0.25%.

On Friday (October 16), Federal Reserve Chair Kevin Powell stated in Bangkok at the IMF and World Bank annual meeting that he would not pre-judge the Fed's rate decisions and declined to reveal whether the central bank will continue raising rates or hold steady at its October 27-28 policy meeting. Powell emphasized: "I won't prejudge any meeting's decision. I don't think it's appropriate to signal in advance what we might do at the remaining meetings this year."

According to Odaily, following Tesla's Roadster presentation on October 16, TSLA perpetual contracts trading volume surged to $128 million in 24 hours, approximately 24.3 times higher than the previous period. The underlying event drove TSLA perpetual contract prices from approximately $365.27 to $373.04, a 2.13% gain. During the same window, open interest in TSLA perpetual contracts increased by $35.63 million to $82.33 million, representing a 76.3% increase, according to on-chain data.

According to Osmosis, on October 10, the protocol confirmed a redemption contract vulnerability in bOSMO, a liquid staking token issued by Backbone Labs. Since April 2026, the contract has repeatedly miscalculated OSMO staked by Backbone's own validators during each redemption, causing users to receive approximately 50% more OSMO than entitled. The protocol redeemed around 776,000 bOSMO in a single transaction, withdrawing approximately 1.297 million OSMO to halt further damage to the community

According to Odaily, Long Xin Technology's market capitalization surged to 3.11 trillion yuan, surpassing Industrial and Commercial Bank of China (ICBC) to reclaim the top position on China's A-share rankings. The company's stock price was trading at 45.98 yuan at the time of reporting.

According to ChainCatcher, on October 15, San Francisco-based payment infrastructure company Saber Money announced strategic investment from Tether and Titan Fund (CMCC Global's fund) to expand remittance services across Asia-Pacific and Gulf markets. The funding amount was not disclosed. Over the past nine months, Saber Money has grown payment volume more than sixfold and processed billions of dollars across 40-plus countries, with over 90% of transactions settling in under one minute.

According to ChainCatcher, Ant International and Huaxia Fund (Hong Kong) recently announced that Ant International has completed its allocation to the Huaxia RMB Digital Currency Fund (3461.HK / 83461.HK) and incorporated it into its treasury portfolio. The fund allocation was initiated via China Construction Bank's Shanghai Pudong branch, with digital RMB assets transferred from Shanghai to Hong Kong and deposited into a Standard Chartered Bank (Hong Kong) account, before being converted to off

NYMEX silver futures reached $58 per ounce today, rising 1.48% intraday on October 16.

The U.S. Dollar Index (DXY) fell approximately 15 points to 101.86 in short-term trading today.

According to Financial Times, U.S. AI infrastructure debt bonds have fallen sharply below par value in recent weeks, signaling a market shift from betting on artificial intelligence demand to scrutinizing financial health. Bonds backed by Meta, Microsoft, Nvidia, and Oracle—including Hyperion project debt trading at 91 cents per dollar, Project Excalibur at 87 cents, and others deeper in red—reflect rising concerns over revenue-to-debt mismatches. Ludovic Subran, Allianz's chief economist, descr

According to Visa on October 16, Visa Direct's stablecoin pre-funding capability has transitioned from pilot to commercial deployment. Payment infrastructure provider Inyo Global became the first service provider to move the functionality into production, enabling support for eligible Visa Direct customers and partners.

According to French investment bank Natixis, Moody's will downgrade France's sovereign credit rating to A1 from Aa3 during its reassessment scheduled for October 23, economists Adrian Camate and rate strategist Theophile Legrand said on October 15. Moody's is the only major rating agency among the "Big Three" currently maintaining France's rating in the AA grade range. S&P is expected to keep France's rating at A+ during its October 27 reassessment but shift its outlook from stable to negative,

According to Yonhapinfomax, South Korea's KOSPI index fell 7.57% to close at 5,554.22 on Oct 15, capping a seven-day losing streak during which it dropped 1,449.52 points (21%) in total. Meanwhile, credit card spending growth slowed to 2.3% year-on-year in September, marking the lowest increase this year, down from 4.9% in August. Bond market participants are closely monitoring the Bank of Korea's upcoming October monetary policy meeting to gauge the signal strength for a potential rate hike in

According to BlockBeats, Federal Reserve Chair Powell said on October 16 that the central bank will hold several more meetings this year, which will be critical moments.

According to Fed Chair Powell, since the September FOMC meeting, global conditions have largely aligned with the Federal Reserve's expectations.

According to Zhitong Caijing APP, on October 12, Linyi Yihe New District and JD Industrial (07618) signed a comprehensive strategic cooperation agreement to jointly promote the construction of Linyi's national-level industrial products industry belt. The partnership will combine the region's strong manufacturing foundation with JD Industrial's digital supply chain capabilities. Cooperation will focus on three areas: industrial digital transformation by onboarding enterprises into the platform, b

According to BlockBeats, on October 16, Federal Reserve Chair Wosh stated that he may be oversensitive to the shadows left by the global financial crisis.

According to Sensor Tower, 37 Chinese mobile game publishers generated a combined $2 billion in global revenue in September, accounting for 41.6% of the top 100 publishers' total earnings. Tencent maintained its leading position, with the top seven publishers' rankings remaining unchanged. Bilibili saw the strongest mid-tier performance, with revenue up 36% month-over-month and ranking up 7 positions, while Joy Games climbed 10 positions to become one of the biggest movers in the month.

According to Jin10, offshore renminbi interbank offered rates (CNHHIBOR) on Friday, Oct 16, showed mixed movements. The one-week Hibor declined to 1.40909%, touching its lowest level since Sept 25, while the overnight Hibor rose 1 basis point to 1.35167%. The one-year Hibor fell to 1.77833%, moving away from a six-and-a-half-month high, while the two-week rate held steady at 1.43606%.