Gate Crypto Flash News and Market Updates

According to ChainCatcher, trader Killa noted on X platform that Bitcoin's short-term holder (STH) supply recently reached overheated levels, similar to conditions observed after the market exited its macro bottom in 2023. Killa suggested this pattern may indicate the formation of another market bottom, with BTC continuing to climb and maintaining uptrend momentum across higher timeframes despite similar STH supply peaks in the previous cycle.

Low-sulfur fuel oil (LU) futures main contract showed increased volatility during the overnight session on October 12, trading at 6,006 yuan per ton with a daily gain of 7.1%.

According to the White House, on October 8, six technology executives received the National Medal of Science or National Medal of Technology and Innovation during the "Science: A New Golden Age" summit hosted by President Trump. Nvidia CEO Jensen Huang, AMD CEO Su Zifeng, and Tesla CEO Elon Musk received the National Medal of Science for contributions in semiconductors, artificial intelligence, and space technology. Huang was recognized for advancing graphics processing units (GPUs) from traditi

According to the Russian Central Bank, Russia recorded a trade surplus of $11.74 billion in August.

Supply chain attacks on Ledger hardware wallets involving physical spyware implants have spread across Asia, Europe, and South America, with $86 million in losses confirmed as of October 11 from Malaysia-based reseller CryptoBilis, according to Protos. The malicious devices can read screen output and record seed phrases while bypassing Ledger's Genuine Check security protocol. Additional compromised Ledger wallets have been identified from official resellers including MediaMarkt in Germany and L

According to Deutsche Bank on Monday, AST SpaceMobile (ASTS) was upgraded to Buy from Hold, with a $93 price target implying 70% upside from current levels. Analyst Bryan Kraft cited an "opportune time" to turn bullish following recent weakness, noting that Friday's 10% selloff was unjustified. The stock has crashed more than 60% since hitting an all-time high of $133.86 in May. Deutsche Bank argued that SpaceX's acquisition of Grain Management's 800 MHz spectrum would not strengthen its competi

According to reports on October 12, Microsoft President Brad Smith said artificial intelligence currently receives less regulatory oversight than everyday consumer products, comparing AI safety standards unfavorably to household appliances and food items. Smith called for comprehensive global AI regulations managed by independent assessment bodies. He proposed three key safeguards: mandatory notification of affected parties when AI systems are compromised, implementation of emergency shutdown me

On October 12 evening at the opening of the night session, China's commodity futures showed mixed movements. Low-sulfur fuel oil (LU) and Shanghai crude oil (SC) surged over 4%, while fuel oil rose nearly 4% and polypropylene climbed close to 2%. On the downside, methanol fell over 3%, while natural rubber, polyvinyl chloride (PVC), and Shanghai gold each declined by approximately 1%.

According to Bitcoin News, the attacker behind the Ledger supply chain theft has transferred nearly 3,000 ETH through Tornado Cash and the Zcash privacy pool in three transactions, then converted to USDC. Investigator @YFarmX tracked 108 transactions completed via Zcash by matching transaction values despite the use of privacy tools. An estimated $2.85 million in stolen USDC remains in three wallets, which Circle may freeze. Meanwhile, Tether has frozen $10 million in stolen USDT. Wallets associ

According to Morgan Stanley Chief U.S. Equity Strategist Mike Wilson, U.S. 10-year Treasury yields have risen approximately 120 basis points since February, with financial conditions tightening notably. Morgan Stanley believes the bond market is pre-emptively completing part of the monetary tightening the Federal Reserve would otherwise need to achieve through policy rate increases, potentially easing pressure on equities. Wilson noted that if the market-driven tightening sufficiently slows econ

According to @tokenterminal, Coinbase deposited $4.9 million in tokenized stocks into Aave V4 over a 17-day period. The move introduces high-quality collateral assets to the lending protocol, expanding the total addressable market for decentralized lending.

Bloomberg announced its 11th Annual ETFs in Depth event on November 19 at the Conrad hotel in New York City. The gathering will feature executives from Vanguard, BlackRock, and State Street, with discussions covering artificial intelligence, tokenization, and new ETF products. Eric Balchunas will present a 2027 ETF outlook at the event.

According to CryptoTwitter commentator @SolanaFloor, Pumpfun surpassed Hyperliquid to become the third-highest revenue-generating protocol across all chains in the past week. The shift reflects increased trading volume and user engagement within Pumpfun's decentralized exchange platform.

According to Jin10 data, Christodoulos Patsalides, a member of the ECB's governing council and governor of Cyprus's central bank, warned on Monday, October 12, that central banks have limited ability to address inflation shocks. "Monetary policy cannot solve war, fiscal issues, or supply chain problems," Patsalides told reporters after addressing lawmakers in Nicosia. He emphasized that if inflation stems from factors beyond monetary control, such as surges in oil or gas prices, the ECB's rate a

According to Wall Street Journal, as of October 12, hackers are increasingly exploiting vulnerable civilian cameras to track, surveil, and aid attacks on opposing military operations, with an estimated 1.2 billion internet-connected cameras impacted globally. Examples include Iran accessing chicken coop cameras in Israel, Ukraine monitoring Russian submarines through external building surveillance systems, and corporate teleconferencing devices compromised via unsecured applications.

According to TechCrunch, Peter Mo, a former executive at Plaud, raised $26 million on Monday for Ambi, an AI app designed to listen to users continuously in the background and provide real-time intelligence and suggestions. The funding round was led by Luminous Ventures and Original Design Manufacturer (ODM) Huaqin. Ambi is releasing apps for iPhones, Macs, and Apple Watch that function as meeting note-takers but can capture context throughout the day. The company also plans to launch a hardware

According to Bank of America analyst Craig Siegenthaler, the bank raised its price target for Robinhood from $140 to $156 with a buy rating on October 12, ahead of the three platforms' third-quarter earnings reports. BofA also lifted Coinbase's price target from $174 to $203 and maintained a buy rating, while downgrading eToro's target from $46 to $39 with a neutral rating. The Coinbase upgrade was partly based on expectations of growing stablecoin-related revenue, though BofA lowered near-term

According to Houthi forces, Saudi-led coalition warplanes conducted airstrikes on the Shebam Kokban area in Mahra province on October 12 afternoon, damaging civilian property in the region.

According to official sources, on Oct 12, the decentralized stablecoin USDD reached new all-time highs, with circulation exceeding 1.81 billion tokens and protocol TVL surpassing $2.51 billion. This milestone was achieved just 4 days after the previous record, with growth accelerating across multiple blockchains: Tron network led with over 1.3 billion tokens, Ethereum exceeded 450 million tokens, and BNB Chain continued expansion with over 21 million tokens.

According to its official announcement, Crypto.com has launched tokenized stocks as regulated derivative contracts provided by Foris Capital CY Limited under CySEC guidelines. The products allow traders to track prices of selected underlying securities without conferring ownership, expanding the platform's trading offerings in the competitive cryptocurrency exchange market.