Gate Crypto Flash News and Market Updates

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%.

According to Xinhua, Venezuelan President Nicolas Maduro and his wife pleaded not guilty on October 15 to torture charges brought by U.S. prosecutors in the Southern District of New York. Prosecutors allege Maduro directed Venezuelan officials to torture detainees held in the country's prisons, including several detained U.S. citizens. The indictment states Maduro's wife approved the torture measures.

According to Jin10, on October 16, the Shanghai Composite Index rose 0.95% at midday close, with the Shenzhen Component Index gaining 1.19% and the ChiNext Index up 0.96%. Defense and military-related stocks led gains, with Shengnan Technology hitting the daily limit-up. The reducer sector also rallied sharply, with Yuhuan CNC, Xiangyang Bearing, and China Natural Resources all hitting limit-up. Precious metals such as Zhaojin Gold rose over 6%. Sectors including real estate development, control

According to ChainCatcher, Tesla Inc. filed an application to register the 'Roadster' trademark for transportation vehicles in August 2026, with the application currently pending approval. The second-generation Roadster features a cold gas propulsion system developed jointly with SpaceX. Tesla plans to begin production of the Roadster in 2028.

According to Jin10 Futures, as of October 16 at 11:33 AM, China's futures markets experienced significant capital movements. Outflows were led by CSI 1000 December futures ($68.90 billion), CSI 300 December futures ($61.97 billion), and Shanghai-Shenzhen 300 December futures ($31.33 billion). On the inflows side, crude oil December futures attracted $854 million, followed by Shanghai gold December futures ($666 million) and lithium carbonate January futures ($298 million).

According to U.S. Treasury official Daniel Brown, Japan is no longer facing a deflationary environment, and the yen exchange rate and monetary policy must be adjusted accordingly. Brown also noted that the U.S. and Japan maintain close communication and cooperation at all levels to support stable and well-functioning markets.

According to JPMorgan Chase, retail investors are losing confidence in technology ETFs while making contrarian purchases of individual semiconductor stocks, with chip sector crowding levels reaching the 96.1 percentile. The disparity highlights a strategic divergence between retail traders and institutional positioning in the semiconductor space.

According to Stacks Labs Q3 ecosystem report, Bitcoin staking functionality went live on mainnet on July 30, locking approximately 735 BTC across two bonding periods. The first Genesis Bond opened on September 10 and reached full capacity of 230 BTC, with 21shares, HashKey Cloud, UTXO Management, and Sypher Capital participating as the first institutional providers. The second bonding period, which opened on October 8, brought in an additional 505 BTC.

According to on-chain analyst Murphy on X platform, during the recent BTC decline, short-term holders (STH) increased their exchange inflows to an average of 2,200 BTC per hour, reaching the fourth highest level since August 2026. However, the October 15 inflow peak fell below October 8 levels, indicating weakening selling pressure. In contrast, long-term holders (LTH) transferred only about 480 BTC per hour to exchanges—roughly one-fifth of STH flows. Murphy noted that the current decline is pr

According to on-chain analyst Murphy posting on X, short-term Bitcoin holders (STH) moved an average of 2,200 BTC per hour into exchanges during the recent decline, marking the fourth-highest level since August 2026. However, the October 15 transfer peak fell below October 8, indicating weakening selling pressure from short-term holders. Long-term holders (LTH) transferred only about 480 BTC per hour on average—approximately one-fifth the rate of short-term holders. Murphy noted that LTH previou

According to BlockBeats data from HTX, INJ broke through $9.1 on October 16, hitting a year-to-date high of $9.122. The asset gained 23.02% over the previous 24 hours.

According to CCTV News, on October 16, the first unit of CGN Hubei Teamfeng Weijiachong Pumped-Hydro Power Station achieved commercial operation today, marking China's first medium-sized pumped-hydro facility to go online during the 15th Five-Year Plan period. Located in Tuanfeng County, Huanggang City, Hubei Province, the project has a total installed capacity of 298,000 kilowatts, featuring two reversible pump-turbine units each with a capacity of 149,000 kilowatts.

According to Bloomberg, Iambic Therapeutics, a Nvidia-backed San Diego-based cancer drug developer, raised $150 million in its U.S. IPO priced at $16 per share on Thursday. The company's shares are expected to begin trading on Nasdaq under the ticker IAM. At the offer price, Iambic was valued at approximately $758 million. The cancer drug developer will use the proceeds to advance three early-stage drug candidates. Existing shareholders including Nvidia and ARK Investment Management participated

According to ChainCatcher, IPX, an intellectual property tokenization platform, announced completion of a $4 million seed round at a $125 million valuation. The round was led by Bitsurge Holdings with participation from YICIPX Holdings Family Office and a group of strategic investors. IPX, headquartered in Miami, Florida, builds on Base and offers IP operating systems, tokenization issuance platforms, and an exchange enabling creators to tokenize, monetize, and distribute content in a single eco