Gate Crypto Flash News and Market Updates

According to Bitcoin Treasuries, on October 12, billionaire Grant Cardone's company buys additional bitcoin monthly using cash flow from real estate operations and plans to acquire 500 more BTC through property refinancing.

On October 12, the Kremlin reiterated its position that it seeks lasting peace rather than a temporary ceasefire, according to official statements.

According to Yonhapinfomax, South Korea's central bank governor Shin Hyun-song said on October 12 that government price controls can mitigate temporary economic shocks but carry long-term drawbacks if maintained indefinitely. Speaking at a parliamentary audit, Shin noted that the government's oil product price cap implemented after the Iran conflict reduced inflation by 0.6 percentage points while preventing secondary price spillovers. However, he emphasized that price controls should remain tem

According to Prime Minister Meloni, Italy will introduce tax relief measures in its 2027 budget aimed at promoting investment in the software industry.

According to RootData, in pre-market trading on October 12, stocks and exchange-traded funds showed mixed movement. Alibaba (BABA) rose 0.23% to $110.58, and SanDisk (SNDK) advanced 0.22% to $1,562.94. Meanwhile, iShares Bitcoin ETF (IBIT) declined 0.22% to $47.52, compared to previous session closing reference prices.

According to Zhitong Finance, on October 12, north-bound capital achieved net buying of HK$2.603 billion in Hong Kong stocks. Among these, Shanghai-Hong Kong Stock Connect recorded net buying of HK$1.955 billion, while Shenzhen-Hong Kong Stock Connect achieved HK$649 million in net buying. Xiaomi-W (01810) led individual stock net buying with HK$974 million. The addition follows Xiaomi's announcement that its SU7 models N70 and N90 accumulated pre-orders exceeding 70,000 units since launch one m

According to Digital Asset, as of 6:30 p.m. KST on October 12, South Korea's four major exchanges—Upbit, Bithumb, Coinone, and DigitalAsset—showed an average Bitcoin premium (kimchi premium) of 1.00% versus Binance. Bitcoin prices at domestic exchanges averaged 112.54 million won compared to 111.43 million won on Binance (KRW-converted). Ethereum, XRP, and USDT premiums averaged 0.96%, 1.02%, and 0.97% respectively. Data sourced from Upbit, Bithumb, Coinone, DigitalAsset, Gopax, Binance, and the

According to official announcement, South Korean exchange Upbit listed GTC token on Korean Won (KRW) and USDT trading pairs on October 12 at 19:30 KST.

According to MSX.COM, AI stocks declined in U.S. pre-market trading on October 12, with Micron (MU) down 2.33%, AMD down 0.55%, Marvell Technology (MRVL) down 1.76%, and Broadcom (AVGO) down 0.35%.

According to Anthropic's transparency report updated on July 23, the company banned 11.4 million accounts in H1 2026, a 6.9-fold increase from 1.45 million in H2 2025. Anthropiс received 390,000 account suspension appeals during the same period, with approximately 42,000 overturned, resulting in a 10.6% appeal success rate. Account bans were issued for violations of usage policies, terms of service, or regional policies.

According to Gate data, USD/JPY broke through 158.5 today, now trading at 158.507, up 0.1% from the previous trading session close.

According to predict.fun monitoring data, JDG's win probability against BFX in tonight's Demacia Cup international invitational round-of-8 match stands at 33%. The BO5 match kicks off at 6 PM. JDG temporarily replaced mid laner HongQ and jungler JunJia with Angel and xiaofang due to Asian Games schedule conflicts.

According to the China Association of Automobile Manufacturers, the domestic automotive industry saw slight declines in production and sales during the first three quarters of 2026, with the market displaying a "cold inside, hot outside" trend. Despite domestic market pressure, new energy vehicle sales continued to expand their market share, while auto exports maintained strong growth momentum.

According to Jin10, on October 8, China's Finance Minister Lan Fuan met with World Bank Managing Director and Chief Knowledge Officer Pascal Donohoe in Beijing to discuss bilateral cooperation and International Development Association (IDA) capital replenishment. Deputy Finance Minister Liao Min attended the meeting.

According to Seoul Economic Daily, Andreessen Horowitz partner Raghu Raghuram will visit South Korea on October 12 to seek partnerships with local AI hardware and infrastructure companies in chips and robotics. The visit follows the launch of A16z's US$1.1 billion Machine Age Fund for AI hardware and infrastructure technology. During meetings with executives and officials, Raghuram plans to discuss technology development, commercialization, and possible partnerships with A16z portfolio companies

According to Channel News Asia, on October 12, TikTok CEO Chew Shou Zi urged companies to better understand AI cybersecurity risks at the DBS Asia Future Forward conference in Singapore. He warned that users may grant AI agents broad permissions, including access to credit cards, without fully understanding the consequences. Chew also noted that agentic AI has lowered the cost of producing spam, and called on companies to train employees to avoid sharing trade secrets or legally privileged infor

Tencent repurchased shares worth HKD 100.36 million on October 12, according to the company's announcement.

According to CoinGecko data, SUI crypto trades at $1.12, up +2.2% over the past 24 hours. The gain follows the Sui Foundation's $30 million investment in DATA Network, marking a strategic expansion of the Sui ecosystem. Under the partnership, DATA will retire its independent chain and migrate its token to Sui on a 1:1 basis. Walrus will serve as the default storage layer for DATA applications, while Trace will track AI-training-data provenance and usage rights. CoinGecko lists SUI's 24-hour trad

According to the Swedish Royal Academy, Robert E. Hall of Stanford University and Michael Woodford of Columbia University were awarded the 2026 Nobel Prize in Economics on October 12. The award recognizes their foundational contributions to microeconomic theory underlying macroeconomic stabilization policy.

According to Yonhap Infomax, the Korea Securities Association held a seminar on Oct 12 in Seoul to discuss the development direction of Outsourced Chief Investment Officer (OCIO) services for pension funds. Industry participants and academics emphasized the need for diversified investment solutions and qualitative evaluation criteria to expand market participation beyond large institutional players. Key discussions also covered the regulatory framework for newly proposed fund-type retirement pen