Gate Crypto Flash News and Market Updates

On Monday, Wells Fargo cut Amazon's price target to $329 from $338 while maintaining an 'Overweight' rating, ahead of the company's Q3 earnings report. The firm expects AWS growth to accelerate in Q4 and Amazon to reiterate its $220 billion 2026 capital expenditure forecast. Cantor Fitzgerald also reduced its price target to $310 from $320, expecting healthy cloud growth and strong margins. Amazon is reportedly in talks to acquire AI startup Decart for around $7 billion, according to a Wall Stre

According to Lookonchain, Bitcoin and Ethereum ETFs experienced diverging net flows over the past day. Bitcoin ETFs recorded a positive 1-day net inflow of 127 BTC, approximately $10.49 million, while Ethereum ETFs faced a notable 1-day net outflow of 25,446 ETH, totaling around $64.22 million. The contrasting flows suggest shifting institutional sentiment between the two leading cryptocurrencies.

Bitmine purchased 12,532 ETH worth approximately $31.67 million last week, bringing its total Ethereum holdings to 6,028,946 ETH, or 4.94% of total supply. The firm, led by Tom Lee, is 77,442 ETH away from its 5% accumulation target.

According to SolanaFloor, Defidevcorp purchased 22,070 SOL for approximately $2.43 million, increasing its total Solana holdings to 2,586,282 SOL, worth around $284.9 million. This acquisition marks a 12% increase in holdings since August 12.

According to FinanceFeeds, on 8 October the German Bundestag voted 445 to 132 to reject a bill that would have eliminated the one-year holding period exemption for cryptocurrency sales. Under current rules, investors can sell crypto tax-free after holding it for one year. However, a draft released by Germany's finance ministry on 30 September threatens to end this exemption for coins purchased from 1 January 2027 onwards. Under the proposal, crypto gains would be taxed at 26.375% (including soli

According to Coinbase's developer platform, the company tested multiple artificial intelligence models on fraud detection using 16,140 transactions, including 813 confirmed fraud cases. The testing compared Opus 4.5 versus Opus 5, Sonnet 4.6 versus Sonnet 5, and GPT-5.4 versus GPT-5.6, with results showing newer model versions underperformed older versions across nearly all metrics. In response, Coinbase has shifted the risk control agent for its Onramp fiat on-ramp service toward open-weight mo

According to Foresight News, Pear Protocol announced it is delaying its PEAR token migration to Hyperliquid as the team finalizes liquidity arrangements with market makers on HyperCore and partners on HyperEVM to ensure a smooth launch. The protocol also warned that all migration portals outside official channels are fraudulent.

According to Bit.com market data, Apple stock rose nearly 2% intraday on October 12, trading at $341.30 and approaching its all-time high. The company is set to host a special "Welcome Home" event on Tuesday, October 13, where it is expected to unveil new smart home products, including a new Apple TV 4K, HomePod mini, and a new home hub device. This marks the latest update in Apple's smart home lineup since John Ternus became CEO last month. Analyst Dan Ives expects Apple's AI strategy could add

According to Reuters, Dangote Refinery's initial public offering has been extended by 10 days to allow investors from other African countries to participate, company executives and deal advisors told the news agency. Originally set to conclude this week, the IPO aims to raise up to $2.1 billion for refinery expansion and is poised to become Africa's largest equity offering.

According to aviation notices, King Khalid International Airport in Riyadh, Saudi Arabia, will remain closed through October 18 (21:00 UTC October 17), as reported by CCTV.

According to the EU Council, the European Union and United Kingdom will hold a summit on November 20 in Brussels.

According to Poland's Armed Forces operational commander Ireneusz Nowak, on October 12, deliveries of Patriot PAC-3 missiles will "definitely be delayed." He also indicated that other weapons contracts signed with the U.S. may face delays as well.

According to Jin10, over the past three weeks, investors withdrew from U.S. mortgage-backed securities (MBS) funds at historic speed, with outflows ranking among the seven most severe periods since early 2021. The MBS index recorded its second-worst monthly performance on record in September amid rising Treasury yields. As mortgage rates climbed to their highest levels since 2023, bank demand for MBS—a key buyer—faces further pressure due to the Federal Reserve's tightening policy and a flatteni

According to Grain Management on 8 October 2026, SpaceX agreed to acquire 100 percent of Grain's nationwide 800 MHz spectrum portfolio, subject to FCC approval and customary closing conditions. Posts on X attributed a reported cash price of approximately $8 billion to The Wall Street Journal; SpaceX and Grain have not confirmed the figure. SPCX stock closed Friday 9 October at $162.57, up 1.25 percent, while T-Mobile, AT&T, and Verizon fell 13.27, 10.82, and 10.14 percent respectively on the hea

According to Reuters, OPEC reduced its 2026 global oil demand growth forecast by 71% on October 12, now expecting just 400,000 barrels per day growth compared to 1.4 million bpd projected at the start of the year. The downward revision reflects weakening global consumption throughout 2026. Despite the lower demand outlook, Brent crude remains above $100 per barrel, supported by Middle East supply disruptions. OPEC Secretary General Haitham Al Ghais noted the organization anticipates a stronger r

According to Yahoo Finance, Evernorth Holdings (XRPN), an XRP-focused treasury company, rose as much as 5% at its Monday Nasdaq debut on October 12. The company also named Hugo Jeandesboz, former Coinbase Asset Management Co-Chief Investment Officer, as its new chief investment officer to lead treasury strategy and manage Evernorth's XRP holdings. Evernorth holds approximately 473 million XRP, currently valued at $657 million, positioning it as the largest publicly traded XRP treasury company. X

According to Bitget trading data, spot silver declined by more than 1.00% during intraday trading today (October 12), trading at $60.21 per ounce.

Hanison Construction Holdings, a subsidiary of Hanison Construction (00896), on October 12 entered into an agreement to sell its entire stake in Wisdom Mount Investments Limited to Clear Shine International Limited for HK$80 million. The target company owns Vast Media International Limited, which holds a 49% interest in a Chinese real estate entity that owns the Shangdong Business Center Phase One property in Haining, Zhejiang Province. The property comprises approximately 23,000 square meters o

According to SoSoValue data, listed companies (excluding mining firms) recorded net bitcoin purchases of $22.5 million for the week ended October 12, down 90.6% from two weeks prior. Strategy purchased 250 bitcoins at $86,194, spending approximately $22 million and bringing its total holdings to 848,250 BTC. Bitcoin Japan announced on October 7 it acquired 5.8847 BTC at $84,706.34, reaching 17.8035 BTC total, while Bitmine purchased 1 BTC on October 5 (price undisclosed), with holdings at 214 BT

According to Odaily, trader Killa warned today that Bitcoin bulls must demonstrate buying strength around the $80,000 level, or BTC risks a pullback to $76,000–$78,000. Killa noted that if price fails to hold above $80,000 and retraces back below the trading range, it would signal a failed breakout. With markets having already liquidated approximately $2 billion in positions, a second major downsweep could reflect weakness rather than healthy consolidation.