Gate Crypto Flash News and Market Updates

According to an SK Group disclosure on October 13, SK Chairman Chey Tae-won agreed to sell 972,493 shares (1.34% stake) of SK Corporation to a fund affiliated with Dell founder Michael Dell's family for 544 billion won, based on a contract signed on October 2. The buyer is DFO Public Investments, L.P., a Delaware-based fund managed by DFO Management, the asset management arm overseeing the Dell family wealth.

As of 8:30 AM Beijing time on October 14, spot platinum fell 0.59% while spot palladium declined 0.27%.

According to The Information, on October 14, Microsoft restructured its Azure cloud division, with Arun Ulag expanding his authority to oversee the Azure Core computing and engineering department. The organizational change consolidates cloud services and engineering teams to enhance AI infrastructure management and operational efficiency. Microsoft also clarified that Azure management has not requested teams to develop cost reduction plans, countering market speculation about potential budget cu

According to ChainCatcher, on October 13, a jury determined that Arm violated Qualcomm's long-standing architecture license agreement (ALA), failed to fulfill commitments, and intentionally disrupted Qualcomm's business. Qualcomm stated that combined with previous court victories, this ruling further demonstrates Arm's intent to harm Qualcomm and its ecosystem. The company said the outcome is a victory for innovation and competition.

According to Jin10 data, on October 14, a court in Hamburg, Germany began the first formal trial in the 2022 Nord Stream natural gas pipeline explosion case. A Ukrainian suspect is being tried for allegedly planning and participating in the pipeline destruction. The court has scheduled 16 hearings from October 14 through December 17, with proceedings expected to continue into early 2027. The suspect is accused of involvement in attacking civilian infrastructure and war crimes.

According to Bloomberg, Michael Saylor, Strategy chairman and co-founder, stated on October 14 that Bitcoin has bottomed near $60,000 and is now rising toward $80,000, with expectations to breach $100,000. He projects Bitcoin will deliver 20%-30% annual growth over the coming years and confirmed Strategy will continue accumulating Bitcoin through additional securities offerings. Saylor criticized MSCI's proposed index rules, arguing they may exclude companies generating value through asset accum

According to Rep. Patrick McHenry, the CLARITY Act has stalled in the Senate as the election approaches due to rising political tensions. McHenry suggested that a path forward may emerge after the election, offering hope to advocates for clearer regulatory frameworks in cryptocurrency.

According to OpenAI, an employee was arrested by the FBI and subsequently fired after being found placing a hidden recording device in one of the company's offices days ago. OpenAI used its own AI models to analyze the device and identify the person responsible. The company reported no evidence of unauthorized access to model weights, source code, or customer data.

According to Gate data, South Korea's KOSPI index opened up 0.65% to 6,074.4 points on October 14, gaining 39.05 points. Japan's Nikkei 225 index also opened higher the same day, rising 0.28% to 67,964.66 points, up 187.14 points.

According to on-chain analyst Yujin, a whale or institution conducting OTC trades through Galaxy Digital completed liquidation of 52,000 ETH five hours ago, realizing $24.49 million in profit. The entity accumulated the position between July and September at an average price of $2,161 per ETH, then offloaded holdings from late September onwards at an average price of $2,632 per ETH.

According to Coin Bureau, Citadel Securities and BNY Mellon completed a tokenized U.S. Treasury repurchase transaction, with tokenized two-year Treasury notes serving as overnight repo collateral. This marks the first application of tokenized assets on a major tri-party repo platform. The Treasury notes were purchased via Tradeweb and settled in minutes compared to the traditional T+1 settlement cycle.

According to Shinhan Financial's announcement on October 14, the company will acquire 77.04% of Lotte Insurance from JKL Partners for 693.3 billion won, valuing the firm at approximately 900 billion won on a 100% equity basis. Total capital injection into the acquisition and normalization is estimated at 1.2 trillion won, comprising 900 billion won for stake acquisition and 300 billion won for capital increases. Shinhan identified an additional 170 billion won in potential losses from overseas a

According to Bloomberg, Bank of America was fined over $1.21 billion on October 14 for anti-money laundering and sanctions compliance failures. The U.S. Office of the Comptroller of the Currency (OCC) issued a $750 million civil penalty, marking a record for the agency. The U.S. Treasury's Office of Foreign Assets Control (OFAC) addressed 475 alleged violations of sanctions programs involving Russia and Iran. Regulators also issued a consent order against the bank.

According to BlockBeats, Applied Materials unveiled its EPIC semiconductor research center on October 14 in Sunnyvale, California, with a total investment of $5 billion aimed at accelerating AI chip technology innovation. The 600,000-square-foot facility will host research teams from Intel, TSMC, Micron, SK Hynix, and Samsung, working alongside Applied Materials engineers to develop next-generation chip architectures. The company targets reducing the development-to-commercialization timeline fro

According to ChainCatcher, on October 13, Mesh announced it acquired Bluvo, a technology developer focused on exchange connectivity, to accelerate its global payment network expansion. Bluvo co-founders Florian Sabani and Luca Dalla Chiara have joined Mesh as senior software engineer and head of exchange partnerships, respectively. The acquisition price and terms were not disclosed. Mesh, founded in 2020, currently connects over 300 exchanges and wallets through a single integration.

According to TechCrunch, Israeli enterprise security startup Pluto Security publicly launched yesterday (October 13) with approximately $42 million in total funding. The seed round of $8.5 million was led by TLV Partners, while Series A of $34 million was led by Jump Capital. The company helps businesses monitor employees' use of AI tools and agents. Pluto began sales in April and now has more than 30 enterprise customers, including Oscar Health and Workato.

According to Yonhap Infomax, on October 14, dozens of Hana Securities executives unified their KakaoTalk profile images to promote the company's new mobile trading system 'Hana Securities 1Q V'. The collective action, which spans research, investment banking, and business development departments, reflects spontaneous companywide marketing enthusiasm rather than mandatory directives. The online campaign complemented offline efforts, with approximately 140 executives and department heads distribut

According to the investment banking industry, Korea Electric Power Corp (Moody's: Aa2) and Hana Bank (Aa3) successfully priced global bonds on October 14. KEPCO issued $400 million in three-year bonds at 44 basis points over comparable U.S. Treasuries, while Hana Bank issued $600 million in three- and five-year sustainability bonds with spreads of 42bp and 50bp respectively. KEPCO's offering was structured as a green bond, with Bank of America Merrill Lynch, Citigroup Global Markets Securities,

According to multiple reports, Nvidia CEO Jensen Huang announced on October 13 investments in four French AI startups—Doctolib, Genesis AI, Pigment, and Entalpic—plus an additional $2 billion in European investments planned within a week. Combined with $8 billion invested over the past year, Nvidia's total commitment to European tech reaches nearly $10 billion. Investment amounts and ownership stakes remain undisclosed, though reports indicate minority positions. Meanwhile, the investments highl

According to PR Newswire, NFT Limited (Nasdaq: MI, formerly Takung Art), a publicly traded art and collectibles trading platform operator, launched the RWAIX protocol on October 13 and released its open-source reference implementation under the MIT license on GitHub. The protocol enables buyers, sellers, AI agents, and robots to verify identity and confirm delivery of transactions. The company reported 50 successful internal tests with zero failures and plans to launch a limited live pilot withi