Gate Crypto Flash News and Market Updates

According to Cirium, Riyadh airport canceled 99.7% of scheduled flights on October 11 (Sunday). The airport is expected to cancel approximately 60% of planned flights on October 12 (Monday).

According to China's Foreign Ministry on October 12, Wang Yi, a member of the Political Bureau of the Communist Party of China Central Committee and Foreign Minister, will attend as a special representative of President Xi Jinping the seventh summit of the Conference on Interaction and Confidence-Building Measures in Asia (CICA) scheduled for October 15 in Baku, Azerbaijan. Wang Yi will also visit Azerbaijan, Croatia, Montenegro, and Bulgaria from October 14 to 20.

According to Jin10, Shanghai gold closed at 902.93 yuan per gram at the midday session on Monday, October 12, trading 2.13 yuan above the international gold price of 900.8 yuan per gram.

On October 12, as of 3 p.m. Beijing time, spot platinum rose 0.71% and spot palladium increased 0.73%.

According to Bloomberg, the U.S. Department of Justice is reviewing whether cryptocurrency exchange Binance complied with its 2023 settlement agreement with the U.S. government and investigating potential violations of U.S. sanctions on Iran, as confirmed by Tysen Duva, head of the DOJ's Criminal Division, on October 9. The Manhattan federal prosecutors' office, which is leading the investigation, requested asset seizure of $61 million from Binance last month, alleging the funds derived from Ira

According to a statement from Microsoft CEO Satya Nadella, enterprises should incorporate AI models into their internal security risk management systems. Even without malicious intent, AI models face potential risks from errors or attacker exploitation, particularly when accessing sensitive data or performing critical operations. Nadella emphasized that companies should not rely solely on security guarantees from model vendors. Nadella stressed separating AI models from Agent execution framework

According to PPP prediction market tool, the Polymarket market on Fable 5.2 or higher model release before October 24 reached 65% probability on October 12, up 13% in 24 hours. The market settles "Yes" if Anthropic publicly launches Fable 5.2 or higher version before the specified deadline.

According to a statement from the U.S. Embassy in Saudi Arabia issued today (October 12), American government employees working in the Kingdom require special authorization to use King Khalid International Airport in Riyadh, as well as airports in Jeddah and Dammam, due to security risks. The embassy advised all personnel to exercise heightened vigilance when using Saudi Arabia's major airports.

According to Pui Pai News, Apple Chief Operating Officer Sabih Khan visited Foxconn's Zhengzhou manufacturing facility on October 11 to inspect iPhone Duo production lines ahead of the foldable phone's pre-order launch. Khan toured the iPhone Duo assembly line, iPhone 18 Pro rear camera module production, exterior frame anodizing workshop, and SoC chip surface sputtering facility. He confirmed the team is expanding production capacity to meet quality standards and stated that the production line

According to Lookonchain and EmberCN, two wallets linked to an early Ethereum Foundation distribution transferred 4,393 ETH (approximately $11.13 million) to Kraken on October 12, 2026. The addresses are associated with a distribution of 59,751 ETH from roughly a decade earlier. Over the past ten years, 49,751 ETH from that original allocation has cumulatively reached Kraken, at an estimated average historical price of $658 per token. The latest deposit was valued at approximately $2,534 per ETH

According to The Block, Pando Finance will list a Solana ETF on Hong Kong's stock exchange on October 13 with an annual fee rate of 1.6%. The ETF will be custodied by HashKey and will not involve staking, leverage, or dividend distributions. This marks the second Solana ETF to launch in Hong Kong, following Huaxia's Solana ETF.

According to an XRP Ledger disclosure report published on October 9, an integer overflow in the network's payment engine could have allowed an attacker to create 18 trillion XRP from nothing. Veria Labs, which discovered the flaw through the bug bounty program, determined that a single transaction could have exploited the vulnerability. The fix shipped in xrpld 3.4.1 on September 25 without a validator vote, a first since amendments began over a decade ago. Veria Labs received the maximum $250,0

According to JPMorgan Chase analysts, AI stocks are expected to drive 70% of Asia's earnings growth in 2027. The bank noted that Asia's AI exposure is concentrated in the hardware sector, with supply constraints likely to persist through 2028, giving related companies significant pricing power. JPMorgan also projects the AI ecosystem's net profit will exceed $1 trillion and free cash flow will reach $700 billion by 2028.

Saudi Energy Minister Abdulaziz bin Salman said today at the World Petroleum Congress opening ceremony in Riyadh: "Saudi Arabia's dictionary has no word for 'fear'."

Polish central bank official Wnorowski said on October 12 he is considering the possibility of a rate hike in November. The official did not provide additional details on the decision timeline or magnitude of a potential increase.

According to Cointelegraph, the Financial Stability Board (FSB) warned in its submission to G20 finance leaders and central bank governors of gaps in stablecoin cross-border regulation, crisis management frameworks, and AI-related cybersecurity risks. FSB Chair Andrew Bailey stated that current frameworks for cross-border stablecoin regulation and crisis management remain "immature or not yet established," underscoring the need for enhanced international safeguards.

According to Hong Kong Exchanges and Clearing CEO Eddie Tian, the exchange is actively researching an extension of after-hours trading hours for derivatives, as disclosed in the latest CEO blog on October 12. Meanwhile, HKEx is preparing with mainland partners to include Real Estate Investment Trusts in the Shanghai-Shenzhen-Hong Kong Stock Connect and add yuan-denominated stock counters to the Hong Kong Stock Connect scheme.

According to BlockBeats citing TradingBeats monitoring, on October 12 early morning to midday, a 140 BTC short position valued at approximately $11.75 million was liquidated at prices between $84,156 and $84,181, realizing a loss of about $239,000. The liquidation occurred within minutes of a warning alert. Remaining on the same high-leverage tier are approximately $41.47 million in BTC shorts and $13.14 million in longs approaching their respective liquidation lines. A further 1.5% BTC price in

According to Jin10, a hurricane approaching the U.S. Gulf of Mexico forced a halt to approximately 63% of offshore oil production on October 12, with energy giants including BP suspending operations and evacuating personnel. Saudi Aramco announced it will provide its full petroleum supply volume to European customers in November, adjusting regional supply flows amid market shifts.

According to Hong Kong Exchanges and Clearing (HKEx) CEO Bonnie Y. Chan, the exchange plans to launch redesigned yuan-denominated gold futures and develop additional yuan-denominated precious metals products to expand the role of the Chinese currency in commodity trading and risk management.