Gate Crypto Flash News and Market Updates

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.

According to ChainCatcher, A7, a Russian international settlement system created by Bank PSB, launched A7 International today (October 13), a USDT cross-border payment service for foreign trade operators. The service charges a fixed fee of 0.3% and allows users to pay in USDT against foreign invoices, with funds transferred via standard SWIFT bank transfers in the required currency. A7 serves 15,000 clients and processes approximately 2,000 transactions daily.

According to FinanceEast, on October 13, the Hang Seng Index fell 0.39%, down 95 points to 24,176 points, during morning trading. The Hang Seng Tech Index declined 1.54%. Pharmaeutical stocks broadly weakened, with CRO concept stocks falling sharply. Kingold Biosciences fell over 12%, while Luokung Technology fell over 6%. Lithium battery stocks also retreated as lithium carbonate futures fell 11.79% on October 12, with Renesola falling 10% and Ganfeng Lithium declining 3%.

According to Liquid247.xyz monitoring data, BTC is currently trading at $83,384. Binance spot market shows $13.407 million in buy orders versus $12.988 million in sell orders today, with buy orders exceeding sell orders by $418,700.

According to Bloomberg, Broadcom CEO Chen Fuyang and Intel CEO Pat Gelsinger warned on October 12 at a DBS conference in Singapore that capital, not chip supply, has become the primary bottleneck for AI expansion. Chen stated that overcapacity in memory, wafer production, and power supply has been resolved, but funding scarcity remains fundamentally different. Chen criticized AI investors for blindly betting without understanding their investments, comparing such behavior to casino gambling. Tes

According to WHUF founder, the project's trading price has fallen below its ICO price. Redeemed WHUF tokens will be destroyed and permanently removed from circulation. The team focused liquidity on Coinbase with market makers and allocated 175 basis points of centralized exchange liquidity, but only 25 basis points on-chain. During the first hour after launch, auction buyers sold approximately 101,000 WHUF; a single $10,000 sell order caused price swings of nearly 20%. Of 1,402 auction wallets,

According to the Bank of Japan (BOJ), on October 13, Japan's September corporate price index (PPI) rose 6.8% year-over-year, falling short of market expectations of 7.6%. On a month-over-month basis, the PPI declined 0.3%, contrary to forecasts for a 0.5% increase.

According to the Reserve Bank of Australia's September monetary policy meeting minutes released on October 13, the RBA raised its benchmark interest rate by 25 basis points to 4.60%, citing inflation pressures stronger than previously expected. Policy committee members identified upside risks to inflation stemming from the ongoing Middle East conflict, global AI-related cost pressures, and limited spare capacity within Australia's economy. The board noted that some of these concerns have already

According to Yonhap Infomax, on October 13, South Korea's chief coordinator Lim Ki-geun acknowledged during a parliamentary audit that the government's internal control systems failed to function during the introduction of single-stock leveraged exchange-traded funds (ETFs). Lim agreed with opposition lawmaker Choi Eun-seok's criticism that risk management should have been more rigorous, stating the government lacked proper pre-screening mechanisms that could have prevented the policy from reach

According to Rappler's Vantage Point analysis, GCash makes its debut on the Philippine Stock Exchange on October 20 at P6.60 per share. Analyst projections place the stock between P7.00 and P7.70 after its first full trading week, with P7.40 serving as a midpoint estimate representing approximately 12% upside. Year-end price scenarios range from P5.50 to P10.00, depending on market momentum and investor demand. Bearish projections suggest P5.50-P6.30, while bullish scenarios point to P8.80-P10.0

The U.S. Dollar Index fell to 102.41 today, declining 0.17% intraday.