Gate Crypto Flash News and Market Updates

According to Consumer Edge data, Chick-fil-A and coffee chains captured significant spending share from McDonald's customers in the third quarter. Chick-fil-A gained 0.58 percentage points compared with a year earlier, becoming the largest gainer among tracked limited-service restaurant chains. Coffee businesses proved even more competitive, with Starbucks, 7 Brew, Dutch Bros., and Dunkin' collectively adding 0.88 percentage points of spending share. The shift comes despite McDonald's unveiling

According to Smart Finance App, Chongqing Machinery and Electric (02722) signed a stock transfer agreement on October 12 to sell 51% equity stake in subsidiary Chongqing Carfu Automotive Braking and Steering Systems to Silian Group (a wholly-owned subsidiary of the company's controlling shareholder) for RMB 89.7916 million. Carfu primarily engages in manufacturing automotive components including commercial vehicle steering rods, suspension components, and new energy battery enclosures.

According to BlockBeats, Evernorth Holdings (XRPN), an XRP treasury company, made its Nasdaq debut on October 12, with shares initially surging 13.43% before trimming gains to close 1.49% higher. The company holds approximately 473 million XRP, valued at around $657 million at current prices, positioning itself as the largest listed XRP treasury firm globally. Evernorth also appointed Hugo Jeandesboz, former co-chief investment officer at Coinbase Asset Management, as chief investment officer to

On Monday (October 12), the DATA Network announced its migration from its existing blockchain to operate as a protocol on the Sui network, backed by a $30 million investment from the Sui Foundation. The move represents a strategic pivot toward infrastructure for artificial intelligence data licensing, storage, and payments, the organizations said. The DATA protocol's native token will be retained, with existing tokens converting on a one-for-one basis to the Sui network. Tokenholders will mainta

According to Russian presidential spokesman Dmitry Peskov on October 12, Russia seeks lasting peace rather than a ceasefire. Peskov commented on Ukrainian President Zelensky's remarks about holding elections if Russia agrees to a 60-day ceasefire, stating that Russia has repeatedly made clear its need for long-term peace, not temporary truces, and will do everything possible to achieve this goal.

According to Amundi, gold exchange-traded products (ETPs) and exchange-traded commodities (ETCs) recorded net inflows exceeding €10 billion in the third quarter of 2026, surpassing the full-year inflow record set in 2022.

According to Tom's Hardware, GlobalFoundries announced the FDX Fusion, a 7nm-class fabrication process based on fully-depleted silicon-on-insulator (FD-SOI) technology, with more than twice the transistor density of its original 22FDX process. The company plans to commence production at its Dresden, Germany facility in 2028, following demo silicon delivery in early 2027 and initial process design kit availability in mid-2027. The process targets automotive, edge AI, industrial, robotics, and sen

According to PR Newswire, Nasdaq-listed TROOPS Inc. (NASDAQ: TROO) announced a conditional stock purchase agreement with EFFORCE Group recently. EFFORCE was co-founded by Apple co-founder Steve Wozniak and focuses on blockchain infrastructure and sustainability. Wozniak will retain his stake in EFFORCE after deal completion. The merger aims to integrate TROOPS' fintech and insurance services with EFFORCE's blockchain technology and regulatory credentials. The combined entity will expand services

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.