Gate Crypto Flash News and Market Updates

According to BlockBeats, Justin Sun revealed on October 16 that TRON is implementing NIST post-quantum cryptography standards to protect blockchain against quantum attacks. The technology is already live on testnet and is expected to launch on mainnet by early 2027.

According to ING Bank, on October 15, the Dutch bank's strategist Patrick Garvey forecasted that U.S. 10-year Treasury yields will rise to 5.25%-5.5% from current levels around 5%. Garvey attributed the upward pressure to persistently high inflation and large fiscal deficits, noting that recent bond buying flows are unlikely to sustain a downtrend. He stated that yields could remain elevated for several months through the first quarter of 2027.

According to the UN Department of Economic and Social Affairs, on October 15 the 2026 World Social Report warned that approximately 2.2 billion people lack internet access, and billions more are excluded from employment, skills training, and public services. The report cited high service costs and poor connectivity quality as barriers to meaningful digital participation. Without targeted action, the global digital divide could widen further, the UN stated, calling for stronger international coop

According to Yonhapinfomax, Seoul's presidential office responded today (October 16) to U.S. Forces Korea Commander J.B. Brunson's statement that conditions for South Korea's wartime operational control (OPCON) transfer have not been met. Presidential Spokesman Sung Ki-hong said the issue can be resolved through Seoul-Washington consultations. Sung emphasized that Seoul and Washington have reached a principled agreement on OPCON transfer and are continuing talks to align the timeline with establ

According to ChainCatcher citing Ash Monitoring data, a whale entity sold 1,601.1 BTC for $132 million USDC over the past five days and accumulated 53,095 ETH at an average price of $2,497. In the past 24 hours alone, the same address exchanged 288.9 BTC for approximately 23.48 million USDC, subsequently purchasing 9,820 ETH, continuing its pattern of shifting from Bitcoin to Ethereum.

According to Cointelegraph, Taiwan has blocked access to cryptocurrency exchange Coinbase and prediction market platform Kalshi ahead of upcoming local elections due to concerns over election betting activities.

According to ChainCatcher, citing SoSoValue data, U.S. spot ETFs saw mixed flows on October 16: XRP and ZEC combined for a net outflow of $14.87 million, with XRP declining $1.05 million and ZEC falling $14.76 million; meanwhile, NEAR spot ETF recorded a net inflow of $1.13 million.

According to ChainCatcher and on-chain analyst Ai Yi, a whale that accumulated ETH near the market peak has deposited 15,361 ETH to exchanges over the past year, with the latest transfer occurring 5 hours ago. If sold at current prices, the whale would realize a loss of approximately $13.45 million. The whale initially began accumulating ETH in September 2025 near $4,600 and continued purchasing during price declines, acquiring a total of 15,810 ETH at an average cost of $4,101.85. The exchange

According to Bloomberg, U.S. federal judge Alvin Hellerstein rejected the CFTC and Gemini's joint request today (October 16) to vacate a $5 million settlement agreement. The settlement stemmed from an enforcement action during the Biden administration in January 2025, which required Gemini to pay the penalty. The two parties had submitted the cancellation request in May, arguing the settlement violated principles of fair enforcement, with the CFTC citing internal findings of improper litigation

According to BlockBeats, Solana-based RWA lending protocol Spout Finance completed a $2 million strategic funding round on October 16. The round was led by investors including Draper Dragon, Anchorage, Flow Traders, Vessel Capital, Solayer, 2Square, and Bering Waters Group, with strategic support from Solana Labs. Spout Finance enables users to deposit tokenized U.S. equities as collateral and borrow stablecoins such as USDC without paying interest.

According to Investopedia, Deutsche Bank upgraded Walmart (WMT-US) to 'Buy' on Friday (October 15), raising the price target from $113 to $136. The stock rose 1.5% on the day, trading up to $119.

According to Bitget, on October 16, Hong Kong's Hang Seng Index rose 1.08% at today's opening, with the Hang Seng Tech Index gaining 1.59%. Among AI stocks, MINIMAX-W surged 6.01% and Zhipu climbed 3.89%.

Taiwan is investing $4 billion to establish an industrial park in the United States aimed at attracting suppliers to Nvidia and other major semiconductor companies. The facility is designed to support the localization of chip supply chains within the U.S.

As of 09:30 Beijing time on October 16, New York gold futures rose 0.03%, silver futures gained 0.28%, and copper futures climbed 0.38%.

On Thursday (October 15), Nvidia CEO Jensen Huang stated that customer demand for AI chips continues to significantly outpace the company's supply capacity. In an interview with the BG2 podcast, Huang revealed that new orders are arriving "almost every week, and even every day," with major cloud service providers, emerging AI cloud operators, and equipment manufacturers placing large orders. Customers are planning demand at least one year in advance, with the largest customers forecasting requir

According to Odaily citing MSX.COM, U.S. stock indices gained at market close on October 16. The Dow Jones rose 1.08%, the S&P 500 advanced 0.33%, and the Nasdaq gained 0.08%, while the VIX fear index fell 2.43%. AI-related stocks broadly gained, with SoundHound AI up 7.95%, The Trade Desk up 7.8%, EPAM up 6.66%, ServiceNow up 6.14%, and Atlassian up 6.09%.

According to Gate data, South Korea's KOSPI index gained 3.3% intraday to close at 5,737.91 points on October 16. Major component stocks including SK Hynix rose 2.22% and Samsung Electronics gained 1.79%.

According to Odaily, prosecutors stated that in the case involving former NBA guard Malik Beasley for allegedly manipulating personal game data for sports betting, 3 of the remaining 5 defendants have agreed to plead guilty, while 2 others have not yet accepted plea agreements. The case relates to conduct during Beasley's time with the Milwaukee Bucks. Beasley's attorney said he currently has no intention to plead guilty and is still reviewing evidence and possible defense arguments. Co-defendan

According to official announcement, SBI Holdings and Startale have joined Open Standard to explore interoperability between JPYSC and OUSD, aiming to enhance international liquidity of yen-denominated assets. SBI will work with Open Standard's global partner network to build a secure, trustworthy, and interoperable stablecoin ecosystem within applicable regulatory frameworks. JPYSC is a yen-denominated, trust-backed stablecoin issued by SBI Shinsei Trust Bank.

According to Odaily, Lightning Labs today introduced LayerTree, a non-custodial scaling solution for Bitcoin that integrates with the Lightning Network. The platform uses Covenants technology to allow a single UTXO to be shared by up to 1 million users, enabling offline fund reception and instant withdrawal via single transactions without time-lock expiration.