Gate Crypto Flash News and Market Updates

According to Hong Kong Exchanges and Clearing CEO Eddie Tian, the exchange is actively researching an extension of after-hours trading hours for derivatives, as disclosed in the latest CEO blog on October 12. Meanwhile, HKEx is preparing with mainland partners to include Real Estate Investment Trusts in the Shanghai-Shenzhen-Hong Kong Stock Connect and add yuan-denominated stock counters to the Hong Kong Stock Connect scheme.

According to BlockBeats citing TradingBeats monitoring, on October 12 early morning to midday, a 140 BTC short position valued at approximately $11.75 million was liquidated at prices between $84,156 and $84,181, realizing a loss of about $239,000. The liquidation occurred within minutes of a warning alert. Remaining on the same high-leverage tier are approximately $41.47 million in BTC shorts and $13.14 million in longs approaching their respective liquidation lines. A further 1.5% BTC price in

According to Jin10, a hurricane approaching the U.S. Gulf of Mexico forced a halt to approximately 63% of offshore oil production on October 12, with energy giants including BP suspending operations and evacuating personnel. Saudi Aramco announced it will provide its full petroleum supply volume to European customers in November, adjusting regional supply flows amid market shifts.

According to Hong Kong Exchanges and Clearing (HKEx) CEO Bonnie Y. Chan, the exchange plans to launch redesigned yuan-denominated gold futures and develop additional yuan-denominated precious metals products to expand the role of the Chinese currency in commodity trading and risk management.

According to Whale Alert, Ripple is currently experiencing technical difficulties, with the team working on a fix. The issues are expected to be resolved shortly. Cardano is also reportedly affected by broader network-related problems in the ecosystem.

Bank of Korea Governor Shin Hyun-song announced today that the central bank has reached agreement with the government on issuing won-backed stablecoins through a bank-led consortium structure, with banks holding 50%+1 ownership stake. Speaking during parliamentary audit, Shin stated the central bank supports stablecoin issuance but acknowledged that bank-led issuance does not fully eliminate financial stability risks such as currency volatility and capital outflows. The central bank said it will

According to Zhitong Finance, Harbin Bank's retail customer base reached 15.378 million as of June 30, 2026, up 1.12 million from year-end 2025. Retail deposits totaled 518.184 billion yuan, an increase of 6.681 billion yuan compared to end-2025, representing growth of 1.3%. According to statistics from the People's Bank of China's Heilongjiang Provincial Branch, Harbin Bank's retail deposit market share in the local market reached 18.58%, ranking first in the region.

Tesla's registered Cybercab fleet expanded sharply last week, according to Stocktwits. Texas Department of Motor Vehicles records showed 150 new registrations, bringing the total to 319 from 169 as of August 31, marking nearly a doubling of the fleet. Tesla AI software chief Ashok Elluswamy said on Saturday that Cybercabs are "everywhere in Austin now. Dallas soon." The expansion comes as Tesla faces an Oct. 30 deadline to provide sworn responses to the National Highway Traffic Safety Administra

According to Jin10 Futures, China's interbank money market sentiment index reported 47 at 14:30 on October 12, unchanged from the 10:15 reading. By institution type, the index stood at 44 for large banks, 47 for mid-size banks, and 49 for non-bank institutions, all unchanged. The index ranges from 0 to 100, with 50 indicating balance and levels above 50 signaling tightening money conditions.

According to GMGN data, Solana ecosystem Meme coin BATON reached a market cap of $20 million today, marking an all-time high. The token surged 53% in 24 hours and is currently trading at $19.74 million. BASON's name derives from Pump.fun's predecessor, Baton Corporation, which has led the community to associate the Meme coin with Pump.fun's early corporate identity.

According to Bitget data cited by BlockBeats, South Korea's KOSPI index (benchmark equity index) closed down 241.69 points, or 3.65%, at 6,384.24 on October 12. Samsung Electronics declined 4.38%, while SK Hynix fell 4.52%.

According to ChainCatcher, at 2026 Wonderful Night today, Fengyun Yingshi founder Peng Tianhong demonstrated a world model capable of generating traversable 3D virtual environments from text descriptions. Users at the event could explore the generated scenes and input additional commands to modify visuals in real time. Bloomberg reported in September that ByteDance has been developing a real-time spatial video model based on its Seedance video generation technology, overseen by founder Zhang Yim

According to Jin10, the International Monetary Fund (IMF) and World Bank held their annual meeting in Bangkok this week, with central bank leaders from multiple countries in attendance. A new World Economic Outlook report is scheduled for release on Tuesday, with IMF Managing Director Kristalina Georgieva signaling the outlook may not be optimistic, citing elevated energy prices, record global public debt, and stressed bond market sentiment. Federal Reserve Chair Jerome Powell is set to deliver

According to Goldman Sachs research, Chinese AI-related listed companies have created nearly $5 trillion in market value since early 2025, with AI stocks now accounting for 42% of A-share and H-share total market capitalization and 57% of trading volume. The market value gains came from both stock price appreciation (approximately $2.8 trillion) and IPO fundraising (approximately $2 trillion). From a profitability perspective, Chinese AI companies demonstrated significant outperformance, with ex

On October 12, South Korea's Bank of Korea Governor Shin Hyun-sung stated during a National Assembly hearing that the central bank would consider holding public consultations to address public concerns regarding central bank digital currency (CBDC) and deposit tokens. He noted that 420,000 citizens participated in six petitions concerning CBDC submitted to Parliament over the past two years. Shin emphasized that Project Hangang will proceed with national consensus and reiterated the Bank of Kore

According to Jin10 Data, President Trump announced on October 12 the formation of an investigation committee to review whether there are grounds to remove Federal Reserve Governor Cook from office.

According to China Association of Automobile Manufacturers (CAAM), in September 2026, new energy vehicle production and sales reached 1.814 million and 1.823 million units respectively, representing year-on-year growth of 12.2% and 13.6%. New energy vehicles accounted for 61.6% of total passenger vehicle sales. For the first nine months of 2026, cumulative new energy vehicle production and sales totaled 12.483 million and 12.472 million units, up 11% and 11.1% year-on-year respectively, represen

According to the China Automobile Association (CAA), automobile sales in September reached 2.956 million units, down 8.4% year-on-year and up 9% month-on-month. Production totaled 2.99 million units, declining 8.7% year-on-year and increasing 11.4% month-on-month. For the first nine months, cumulative sales reached 23.271 million units, down 4.5% year-on-year.

According to Bank of America, U.S. 10-year Treasury yields climbed to 5.36% in October, with 30-year rates reaching their highest level since 2002, while French-German bond spreads widened to 140 basis points. BofA strategist Michael Hartnett warned that elevated rates are forcing markets to reassess fiscal risks, AI capital expenditures, and asset valuations. In a counterintuitive view, BofA suggested that a Fed rate hike in October could actually support risk assets by helping contain long-dur

According to Hong Kong Exchanges and Clearing disclosure on October 9, Changzhou Weiyi Smart Manufacturing Technology Co., Ltd. has passed the Main Board listing review, with Oriental Securities International as sole sponsor. The company, a leading provider of embodied intelligent industrial robots (EIIR) in China, held approximately 20% market share in the embodied intelligent industrial robot sector as of 2025. Revenue grew from approximately 434 million yuan in 2023 to 796 million yuan in 202