Gate Crypto Flash News and Market Updates

According to The Block, on Monday Evernorth appointed Hugo Jeandesboz, former co-CIO of asset management at Coinbase, as head of investments to oversee treasury allocation, liquidity management, and active XRP asset management. The XRP treasury company completed a SPAC merger with Armada Acquisition Corp. II on Friday, holding approximately 473 million XRP (valued at about $672 million at current prices) and $300 million in cash before transaction fees. The company plans to deploy lending, liqui

According to ChainCatcher, robotics AI startup Winverse AI completed its seed round with a valuation of approximately $400 million, led by AI research institute DeepSeek. Founded by former Tencent AI scientists, the company is backed by multiple investors including Long-Z Investments, a venture arm of Meituan. DeepSeek plans to deploy funds from its $12+ billion raise to support the investment, signaling its expansion from large language models into embodied AI and robotics technology.

According to initial reports, an incident occurred in the Ramim Ridge area of northern Israel on October 12, with approximately 12 people injured. Authorities are investigating whether the incident was caused by an explosion or a crash.

According to BlockBeats and analyst Darkfost, on October 12, Binance's ETH futures open interest ratio rose to nearly 49%, marking the highest level since 2023. Despite Ethereum declining approximately 10% to around $2,500 from $2,775, Binance's outstanding ETH derivatives positions recovered to 2.46 million ETH—near September-end levels—indicating traders maintained substantial exposure on Binance futures despite the price correction and partial liquidations.

According to Guru Club, the U.S. AI compute rental market is showing a significant price premium for short-term deals. Spot rental prices for AI compute are priced at $40-50 billion per gigawatt annually, roughly double the $20 billion per year rate for long-term contracts, as of October 12. Supercomputer cloud operators break even at around $12 billion per year. Goldman Sachs analysts attribute the spot premium to major cloud providers like Google being unable to meet capacity demand through in

Morgan Stanley predicts that U.S. data center power demand will increase by 160GW from 2026 through 2029, resulting in approximately 77GW supply shortfall after accounting for existing grid capacity and secured generation assets. This gap is expected to create a substantial distributed power equipment market, with potential capacity reaching 120GW by end-2029, representing about $240 billion in equipment opportunities. Of the 120GW, approximately 77GW stems from unmet data center demand, while 4

According to PANews, Solana treasury company SkyAI transferred 211,623 SOL to Coinbase Prime earlier today (October 12) as part of its liquidation plan, on-chain analyst Yu Jin monitored. Over the past 5 days, SkyAI has liquidated approximately 1.25 million SOL (valued at $138 million), including the 211,623 SOL transferred to the exchange today and roughly 1 million SOL sold yesterday.

According to X posts, Atomic Machines, led by former Uber self-driving chief Jeff Holden, emerged from stealth today with $250 million in funding and an AI-guided factory that builds tiny machines from digital designs. The startup's Matter Compiler processes changes in code to build entirely new devices without retooling, checking each production step against AI-learned data on material compatibility. The company focuses on microscopic components like pumps, motors, and gears that chip factories

According to Hong Kong Stock Exchange data, non-executive director Li Chenghui acquired 2.2 million shares of Asia Pacific Resources (01104) on October 7-8 for HK$4.1866 million. Following the acquisition, his shareholding increased to approximately 754 million shares, representing 50% of the company.

According to Hong Kong Stock Exchange data, on October 8, Schroders Limited reduced its holding in Kingfisher Technology (02050) by 1.1651 million shares at approximately HK$23.23 per share, totaling around HK$27.07 million. Following the reduction, Schroders' stake decreased to 80.1428 million shares, representing a 16.82% ownership in the company.

According to The Block, XRP treasury company Evernorth completed its SPAC merger on October 12 and plans to list on Nasdaq. The company currently holds approximately $672 million in XRP assets and intends to expand its XRP reserves through yield-generating strategies including lending and liquidity provision.

According to Reuters, Indonesia's newly appointed central bank governor said on Monday that while the central bank is strengthening cooperation with the government and creating synergies, it retains complete autonomy in determining policy interest rates.

According to BlockBeats, Binance launched Binance AI today (October 12), offering a personalized trading experience for users of all experience levels. The platform features an adaptive interface that adjusts complexity based on user needs, price movement tracking with personalized analysis, voice alerts for asset price changes, and market summaries updated every 4 hours in text or audio format. Binance AI will roll out gradually to eligible users across the Binance app and website. The company

According to CCTV News, King Khalid International Airport in Riyadh faced consecutive attacks on October 11-12, with the latest strike killing 13 people including one U.S. citizen and injuring over 300. Saudi authorities attributed the attacks to Yemen's Houthi forces and pledged strong response measures. U.S. President Trump stated that the United States is considering military action against the Houthis.

According to Ukraine's Foreign Minister, the country expects the European Union to decide on Tuesday whether to open the next cluster of negotiations in Ukraine's accession talks.

According to Shanghai Gold Exchange, gold T+D futures rose 0.51% to 902.56 yuan/gram and silver T+D futures fell 0.76% to 14,710 yuan/kilogram during the evening opening on October 12.

According to PPP market prediction tool, Polymarket's probability for ETH reaching $2,600 during October's remaining days has risen to 84%, up 13% in the past 24 hours. The market will settle as 'Yes' if Binance ETH/USDT's highest price in any 1-minute candle reaches or exceeds $2,600 by month-end.

According to Lookonchain, a whale sold 229 BTC for $19.1 million and subsequently purchased 7,469.8 ETH for the same amount.

According to Smart Finance (智通财经) on October 11, Guoen Technology (02768) signed a share purchase agreement to acquire an 80% stake in Sichuan Zhongfluor Energy Materials Technology Co., Ltd. for RMB 1.504 billion from seller Lai Minggui. Following the transaction, Guoen will hold 80% of the target company as a controlling subsidiary. Sichuan Zhongfluor Energy primarily manufactures and sells electronic specialty gases including sulfur hexafluoride, carbon tetrafluoride, and nitrogen trifluoride

According to ChainCatcher, Strategy added 250 bitcoins to its holdings last week, bringing total BTC holdings to 848,250.