Gate Crypto Flash News and Market Updates

Delta Air Lines announced a delay to its Atlanta-to-Riyadh flight originally scheduled for March 2027. The airline did not disclose the new departure date or reason for the postponement.

According to Reuters survey, Argentina's inflation forecast for 2026 averaged 32.1%, revised down slightly from 32.3% in the July survey. For 2027, inflation is expected to reach 22.8%, down from 22.3% previously. Economic growth is projected at 1.9% for 2026 and 2.6% for 2027, both down from the 3.0% forecast in July.

According to reports from Saudi-led coalition forces, King Khalid International Airport in Riyadh came under attack on October 10–11, with the second strike on October 11 causing significant casualties. The airport was targeted by missiles and drones. Houthi armed forces claimed responsibility for four military operations against Saudi airports and energy facilities within the past 24 hours. The Saudi-led coalition vowed a decisive response to the attacks.

On October 12, the 25th World Petroleum Council Energy Conference opened in Riyadh, Saudi Arabia. The event, running through October 15, focuses on global energy security, energy markets, technology innovation, and energy transition under the theme "The Path to Energy Futures for All."

According to Russia's Foreign Ministry, Lebanon's Foreign Minister Youssef Raghi visited Moscow on October 12, marking his first trip to the city in five years. He met with Russian Foreign Minister Lavrov, who reiterated Russia's support for Lebanon's sovereignty and territorial integrity.

According to New York Federal Reserve data, the secured overnight financing rate (SOFR) fell to 3.87% on October 8, down from 3.88% the previous day. The effective federal funds rate remained flat at 3.88%.

According to The Information, OpenAI is exploring the possibility of relaunching its Sora video generation model and is in talks with an AI startup focused on video technology for film production, reported on October 12. The company had previously paused Sora development as part of efforts to reduce high server consumption costs. If the potential collaboration moves forward, it would signal OpenAI's renewed focus on AI video generation technology amid competition from xAI and Google.

According to PancakeSwap's official tweet, the decentralized exchange announced its renewed commitment to tokenization over the weekend, signaling a return to active development. The platform, which has previously handled over 41% of bStocks trading volume, aims to expand its focus on tokenized assets.

According to Aethir, AI compute infrastructure company Axe Compute officially launched on Nasdaq today (October 12) and completed its opening bell ceremony. Aethir announced it will continue supporting Axe Compute in building next-generation AI compute infrastructure.

According to Israel's Red David Shield emergency service, an explosion near Israel's northern border with Lebanon on October 12 killed 1 person and injured 19 others, with most victims among Israeli hikers and students in the area. Initial investigations indicate the blast was caused by unexploded ordnance left in the region.

According to Lookonchain, Bitcoin ETFs saw net outflows of 8,538 BTC ($704 million) over the past 7 days through October 12, while Ethereum ETFs posted net outflows of 208,600 ETH ($526 million) in the same period. On October 12 alone, Bitcoin ETFs recorded a net inflow of 127 BTC ($10.49 million), while Ethereum ETFs saw a single-day outflow of 25,400 ETH ($64.22 million).

According to on-chain analyst Ai Yi, a whale address swapped UBTC for 16,700 ETH (approximately $42.46 million) over the past 22 hours, with an average purchase price of $2,541.89 per ETH.

According to Odaily and MSX.COM data, the U.S. stock market opened today with the Dow up 0.28%, S&P 500 up 0.1%, and Nasdaq down 0.03%. The VIX fear index rose 3.98%. AI stocks fell broadly: Astera Labs dropped 3.98%, Micron fell 3.92%, Teradyne declined 3.15%, Arm fell 2.73%, and Advanced Micro Devices dropped 2.5%.

According to Odaily, the Polkadot community recently submitted a proposal on SubSquare titled DOT DAO Strategy Mandate, shifting strategy from TVL growth to end-user acquisition. The proposal plans to launch dotStables, a permissionless DOT-backed stablecoin with dotUSD as the priority asset, using a collateralization model similar to Liquity to convert stablecoin demand into DOT demand. The platform will be compatible with existing parachain infrastructure and emphasize freemium access, mobile-

According to Odaily, AI computing operator KONST completed a $30 million Series B funding round led by ADATA Technology, with M Mobility and Pegatron Venture Capital participating as strategic investors. The funding will be used to expand KONST's AI data center infrastructure and accelerate its Token Factory strategy.

According to Guru Club, ethylene glycol (EG) futures contracts fell 2% to 5,133 yuan per ton on October 12.

According to President Zelenskyy, Russia conducted strikes on six energy facilities in Ukraine on Monday.

King Khalid International Airport in Riyadh will remain closed until October 17.

According to AFP, the European Union warned digital platforms on October 12 not to livestream the execution of Nidal Hasan, convicted in a 2009 mass shooting in the United States. EU Commission spokesperson Thomas Rennier stated that if platforms fail to comply with the relevant provision, the EU will take action under the Digital Services Act.

Starknet's STRK token jumped 55.16% in early October 2026 following discussions by StarkWare's chief executive at Token2049 about transitioning from an Ethereum Layer 2 to an independent, quantum-resistant Layer 1 blockchain by 2027. The proposal remains subject to governance approval. Derivatives open interest rose more than 50%, while decentralized exchange trading volume exceeded $33 million daily, reflecting increased trader positioning around the potential network transition.