Gate Crypto Flash News and Market Updates

According to Guru Club, lithium carbonate futures contracts broke through the 110,000 yuan level today (October 12), declining more than 7% intraday. This marks the first time the contract has fallen below this level since December 22, 2024.

According to Sensor Tower, ByteDance's short-form drama app PineDrama reached 1 billion cumulative downloads approximately nine months after its December 2025 launch in overseas markets. The app currently has around 7 million daily active users and has become one of the fastest-growing applications in the international short-drama sector. PineDrama operates primarily in Brazil, the United States, and Indonesia, allowing users to log in directly via TikTok accounts.

According to Jin10, Harry Jones, global rates portfolio manager at Insight Investment, said on October 12 that Australia's official cash rate has reached or neared its peak despite the Reserve Bank of Australia retaining the possibility of further increases. Jones noted that Australia's financial conditions are already tight and economic growth is slowing, with most of this year's rate hikes still transmitting to the real economy. As inflation continues to moderate and domestic demand weakens, A

According to Guru Club, offshore Chinese yuan (CNY) rose to 6.6905 per U.S. dollar on October 12, marking the strongest level since July 2022. The currency gained approximately 20 basis points intraday.

According to the People's Bank of China, the central bank conducted a 50 billion yuan 7-day reverse repo operation at a rate of 1.40% today (October 12), unchanged from the previous operation.

According to Jinlian Creative, as of October 12, the reference crude oil price averaged $97.21 per barrel with a change rate of -4.46%, indicating that domestic gasoline and diesel retail prices should decline by 230 yuan per ton. The current pricing window is scheduled for October 15 at 24:00.

According to Reuters, Moonshot executives are negotiating a settlement with Recurrent shareholders ahead of the company's planned Hong Kong IPO. Recurrent and its investors, in a March 11 letter to Moonshot investors' counsel, alleged that CEO Yang Zhilang and CTO Zhang Yutao made false statements and profited at Recurrent's expense. The dispute has been in Hong Kong arbitration since 2024. Recurrent, which holds 9.5% of Moonshot's original equity, is seeking compensation equivalent to 10.5% of

According to China's interbank foreign exchange market, on October 12, the USD/CNY midpoint rate was reported at 6.7313, down 17 points, with EUR/CNY at 7.5258, down 65 points. GBP/CNY rose 41 points to 8.8913, while AUD/CNY advanced 166 points to 4.6912. JPY/CNY declined 65 points to 4.2506, and CHF/CNY increased 118 points to 8.0939. CAD/CNY fell 127 points to 4.7077, and SGD/CNY decreased 5 points to 5.2455.

According to Yonhapinfomax, foreign investors continued net selling on South Korea's stock market through September 2026, with cumulative net outflows reaching 189.9 trillion won. The selling continued even as the KOSPI recovered from its 7,000-point level; foreign investors sold 148.3 trillion won during the first half when the market was rising, and an additional 41.6 trillion won during July-September as corrections began following the June breakthrough of 9,000 points. Foreign institutions a

According to Binance's official announcement, Binance will distribute Micron Technology (MU) stock dividends to holders of MUB through bStocks. The snapshot time is set for October 14, 2026, at 08:00 UTC+8.

Platinum futures rallied 2.00% intraday today (October 12), now trading at 419.00 yuan per gram.

According to Hong Kong stock exchange filings, Jingwang Electronics (03228) expects third-quarter net profit attributable to shareholders to increase 205.46% to 264.74% year-over-year. The company cited improved operational performance during the quarter.

China's Finance Ministry on Saturday announced plans to use 550 billion yuan from local government debt carryover limits, while Securities Regulatory Commission chairman Wu Qing emphasized the need to build a stronger capital market that better serves retail investors and pledged to research and reserve additional policy tools. Wu's remarks underscore efforts to support market recovery, with analysts noting the move aligns with recent policy stimulus aimed at stabilizing equities amid global eco

According to reports, Tianmen Zhizhu (09903) unveiled its highest-density single-rack GPU supernode solution, Tian'e 300 IXL144, at Expo 2026. The system integrates 144 GPUs and 18 CPUs with approximately 10.1TB of memory, reducing token costs by 40% compared to mainstream international solutions. To date, the company has served over 380 commercial customers across 30+ industries, deploying more than 1,000 projects.

According to CoinDesk citing on-chain analysis firm Growthepie, Robinhood Chain's average daily transactions fell to 6.2 million in the week of October 2-8, down 42% from the peak of 10.8 million recorded in mid-September. Daily active wallet addresses also declined 31% to 322,000. Daily fee revenue dropped to approximately $65,000 as of early October, representing a 97% decline from the peak daily revenue of $8 million in early September, according to Bernstein. Robinhood retains roughly 90% of

According to Coindesk, Bitcoin has recorded 10 days of extreme price swings this year where daily moves exceeded three times the recent volatility baseline (3-sigma events), surpassing the 8 such days that occurred during 2018 when Bitcoin fell 73% annually. However, Bitcoin's annualized volatility has decreased to approximately 46% this year from 84% in 2018, and average price swings on 3-sigma days have narrowed to about 7% from 10%. Compared to other assets over the past two years, Bitcoin's

According to the Korea Daily Economic reported by PANews on October 12, Jeollabuk-do Bank, a subsidiary of JB Financial Group, launched South Korea's first digital asset-linked won loan. The product initially targets corporate clients, using Bitcoin as the sole collateral for business operation funding. The bank does not directly hold or manage the Bitcoin; instead, a qualified virtual asset service provider acts as custodian. In case of default, the bank does not acquire Bitcoin ownership but r

According to Jefferies, on October 12, the investment bank's global equity strategist Chris Wood warned in a quarterly report that the current AI boom parallels the 2008 subprime crisis. Wood flagged a structural risk: hyperscale cloud providers are extending massive unsecured credit to two persistently unprofitable AI labs. He predicted that the likely long-term outcome will be "massive capital destruction in the U.S.," with market share flowing to cheaper Chinese open-source large language mod

According to Guru Club, on October 12, the Korean won rose 0.8% to its highest level since October 2024.

According to Guru Club, lithium carbonate futures contracts fell over 5% today (Oct 12), with the main contract trading at 112,800 yuan per ton.