Gate Crypto Flash News and Market Updates

According to PPP prediction market tool, the probability of STRC reaching $100 by October 31 on Polymarket rose to 87% as of October 13, up 18% in 24 hours. The probability of STRC hitting $100 by December 31 increased to 92%, up 6% over the same period. Market settlement is based on TradingView 1-minute candle data; if the highest price reaches or exceeds $100 during the specified timeframe, the market resolves to "Yes."

According to the Securities and Futures Commission (SFC) website, Matrixport HK has withdrawn its Hong Kong virtual asset trading platform license application on October 12, 2026. The entity, operating under the company name Flying Hippo Technologies Limited, originally submitted the application on February 26, 2024. The applicant has been removed from the SFC's list of virtual asset trading platform applicants.

According to Jin10, on October 13, the IMF raised India's economic growth forecast in its latest World Economic Outlook report. The IMF upgraded its forecast for the current fiscal year ending March 2027 by 0.6 percentage points to 7.0%, and raised the next fiscal year forecast by 0.3 percentage points to 7.0%. The organization cited strong domestic demand and robust services sector as key drivers, positioning India as one of the world's fastest-growing major economies despite global growth pred

According to Guru Club, spot gold broke through $4,190 per ounce on October 13, up 0.45% intraday.

According to pricing documents released earlier this month, Kuwait lowered its crude oil prices for November deliveries to Asia.

According to Yonhapinfomax, Shinhan Financial Group signed a stock purchase agreement on October 13 to acquire a 77.04% stake in Lotte Insurance from JKL Partners for 693.3 billion Korean won. The transaction reflects Shinhan's strategy to strengthen its non-banking portfolio through insurance sector expansion. Based on current shareholding ratios, Shinhan valued Lotte Insurance at approximately 900 billion won.

According to IMF Chief Economist Silvana Tenreiro, countries need to strengthen supply chain resilience to address disruptions from extreme weather and geopolitical shocks. She called for comprehensive strategies involving both public and private sectors, including building strategic buffers in critical sectors and investing in key technologies such as energy. Tenreiro emphasized that diversifying trade relationships is more viable than full domestic production, recommending countries expand tra

According to CNBC, on October 12, DBS Group CEO Tan Su Yan emphasized Singapore's political stability and predictability as competitive advantages for businesses and investors amid global trade tensions and geopolitical risks. Speaking at the DBS Asia Future Forward Conference in Singapore, Tan noted that Singapore's open and predictable business environment—which he humorously described as "boring"—is valuable in times of high volatility. He highlighted that Singapore maintains an AAA sovereign

According to Bitfinex, Bitcoin experienced its sixth decline exceeding 5% since July last week, marking a pattern within its ongoing recovery phase. The cryptocurrency is currently holding above the $81.3K support level. Previous declines in this period ranged from 5.1% to 8.9%. Traders are monitoring the $84,000 resistance level as a critical threshold; reclaiming this price point would confirm a sustained recovery.

According to Jin10, Indian banks halted quoting USD/INR forward trading on Oct 13 due to confusion over the Reserve Bank of India's newly issued cash margin requirement rules. Seven bank officials told media they suspended forward quotes because the RBI's guidance stated margin requirements apply to "all rupee derivatives transactions." Banks feared the rule could expand to cover interbank forex trades. An RBI policy official later clarified the margin requirement does not target interbank trans

According to Yonhap Infomax, on October 13, the USD/KRW exchange rate rose to 1,337.60 won, up 2.50 won from the previous Seoul market close of 1,335.10 won. The currency climbed as South Korea's benchmark stock index (KOSPI) plunged more than 6% during the session, triggering a market-wide sell-off circuit breaker for the first time in over two months. Foreign investors sold approximately 2.1 trillion won worth of stocks for the sixth consecutive trading day. Additionally, foreign investors shi

According to ChainCatcher, Neura announced on October 13 that it will shut down its v1 testnet and Neuraverse as it enters the next phase. The team has completed a full snapshot of points balances, leaderboards, task completion records, and activity history to ensure no data loss.

According to Barclays economist Brian Tan, the Philippine central bank is unlikely to raise its policy rate by 50 basis points later this month, despite September's consumer price index rising more steeply than expected. The Philippines' September CPI climbed 7.2% year-on-year, up from 6.1% in August. While the central bank maintains a hawkish stance, concerns over weak domestic economic growth prospects will likely push policymakers to avoid a large rate hike. The country's second-quarter GDP g

According to the International Monetary Fund, on Tuesday, October 13, the IMF raised its 2026 global economic growth forecast to 3.1% from 3% projected in July, citing AI-driven investment as a key driver offsetting impacts from rising energy costs. Taiwan's economy is expected to grow 10.7% this year, supported by semiconductor demand, positioning it among the fastest-growing economies. The IMF warned that if AI investments fail to deliver expected productivity gains, U.S. stock markets could f

According to Dalian Commodity Exchange Vice President Wang Yufei on Oct 13, the exchange is advancing scrap steel futures listing and optimizing contract rule design as part of its efforts to support the steel industry's high-quality development. Wang said the exchange continues collaborating with industrial participants to expand product offerings across the steel supply chain.

According to Caixin and the UK High Court, on October 12, England's High Court ruled that Chinese investors' property claims regarding bitcoins involved in an illegal fundraising case should be judged under Chinese law, not UK law. This means approximately 16,000 Chinese victims participating in UK recovery proceedings may not be able to share in bitcoin's massive value gains through UK legal frameworks, and could recover only their principal and interest. The bitcoin involved originated from pu

According to Juspay, on October 13, the Bengaluru-based payments software firm reported its FY26 revenue rose 30% year-over-year on a constant-currency basis to $75 million. The company posted a $10 million net loss and $4 million in adjusted EBITDA (excluding non-cash stock-option costs) as it invested in international expansion and AI capabilities. Juspay's platform processed 400 million daily transactions and serves more than 500 enterprises and banks across APAC, Europe, the U.S., Latin Amer

According to CITIC Securities research released on October 13, Chinese AI models consumed 65% of global tokens as of end of September, driven by prices roughly 80% lower than U.S. competitors. Global weekly token consumption reached 1.46 quadrillion as of September, with platform models generating $1.5 billion in annual recurring revenue, per data from OpenRouter.

According to Jin10, India's central bank expanded forex controls on Tuesday to support the rupee, which climbed 0.6% to 95.2550 per dollar. The central bank restricted certain derivatives trading to prevent pressure on the currency. The rupee gained 1% on Monday and continued its uptrend amid sustained selling pressure from high oil prices and foreign fund outflows. Despite recent gains, the rupee has declined over 5% this year, ranking among the weaker Asian currencies. Kunal Sodani, head of tr

According to BlockBeats, Papertrade generated $4.02 million in protocol revenue in the 24 hours ending October 13, ranking third among all protocols according to DefiLlama data. The platform surpassed Pump ($2.11 million) and Hyperliquid ($1.7 million), trailing only Tether and Circle.