Gate Crypto Flash News and Market Updates

According to Coinglass data cited by BlockBeats, Coinbase Bitcoin premium index has recorded negative values for 33 consecutive days as of October 26, with the latest reading at -0.1259%. The sustained negative premium indicates weakening buying pressure in the U.S. market.

According to TechCrunch, a study by Cornell University's Convovo research studio found that SpaceX AI's Grok 4.7 recommended Republican candidates 92% of the time, while OpenAI's GPT-6.1 Sol recommended Democratic candidates 97% of the time in its analysis of nearly 500 election campaigns. The two models showed agreement on recommended candidates less than 10% of the time. OpenAI said ChatGPT is designed to be objective by default and political discussions should not carry bias in any direction,

According to South Korea's central bank governor Shin Hyun-song on October 23, the won should continue strengthening to help rebalance the economy and ease household burdens from ongoing rate hikes. The Bank of Korea's analysis found that a 10% decline in the dollar-won rate would improve households' real purchasing power by approximately 0.35%, with lower-income households (bottom 20%) seeing twice the benefit (0.46%) compared to higher-income groups (0.20%). Shin cited the won's current effect

According to Yonhapinfomax, on October 26, Korea-U.S. Strategic Investment Corporation received its first international credit ratings from Moody's and S&P, scoring Aa2 and AA respectively, with stable outlooks from both agencies. Both rating firms cited the corporation's importance as a policy financial institution established under special legislation to execute strategic investments between South Korea and the United States, and noted that the government's full equity ownership and oversight

According to ChainCatcher, citing Coinglass data, the crypto market saw $119 million in liquidations over the past 24 hours, with $82.01 million from long positions and $36.71 million from short positions. Bitcoin longs liquidated $13.24 million while shorts saw $5.71 million in liquidations. Ethereum longs were hit with $22.41 million in liquidations and shorts with $9.81 million.

According to Jin10 Futures, as of 09:30 Beijing time on October 26, WTI crude oil futures fell 1.68%, while U.S. natural gas futures declined 2.00%.

According to Singapore's Energy Minister, Saudi Arabia will begin storing crude oil in Jurong underground caverns in Singapore from the second half of 2027.

According to CryptoSlate, Bitquery analyzed 3,170 profitable wallets from Pumpfun between October 2025 and August 2026, with total profits reaching approximately $752.5 million. Only 26% passed regular market trading checks; 51% involved selling tokens transferred from other addresses, 13% showed potential coordinated trading patterns, and 10% remained unclassified. Token transfers do not generate buyable trades for copy-trading systems to replicate.

The People's Bank of China (PBOC) injected a net 116 billion yuan into money markets today (October 26) through reverse repurchase operations. The PBOC conducted 56 billion yuan of 7-day reverse repos at 1.40% and 398 billion yuan of overnight reverse repos, while 338 billion yuan of existing repos matured.

According to Foresight News and on-chain data tracker Ash Crypto, Arthur Hayes sold at least $49.25 million in tokens over the past day, withdrawing 49.25 million USDC from multiple exchanges. The tokens sold included ETH, ENA, UNI, ETHFI, AERO, PENDLE, and ZAMA.

According to CoinDesk, Latvia's government plans to introduce real-world asset (RWA) tokenization regulations in the first half of 2027, with commercial real estate and government bonds as priority application areas. The Economic Ministry is collaborating with the central bank, finance ministry, and industry representatives to establish the regulatory framework, aimed at attracting investment and promoting asset tokenization.

According to ChainCatcher citing GMGN data, Solana-based Meme coin Kimchi surged to $15 million market cap today, up 47% in 24 hours, before retreating to $9.4 million. Trader Kimchi (@kimchi1x) has re-added Pump.fun to his X profile.

According to the interbank foreign exchange market, the USD/CNY midpoint stood at 6.7162 on October 26, down 18 basis points as the yuan strengthened. The EUR/CNY midpoint declined 93 basis points to 7.5047, while GBP/CNY fell 244 basis points to 8.9505.

According to Fidelity Digital Assets, MicroStrategy and Strive have raised approximately $12 billion through perpetual preferred stock offerings over the past 20 months, purchasing a combined 135,979 Bitcoin, which exceeds 0.5% of total Bitcoin supply. The perpetual preferred shares, which carry no maturity date and offer regular dividend payments, have attracted income-focused investors to the Bitcoin ecosystem. However, the strategy faces headwinds as rising dividend costs pressure cash flow.

According to Yonhapinfomax, nine South Korean financial institutions unanimously forecast today that the U.S. Federal Reserve will hold its benchmark interest rates at 3.75-4.00% at the October Federal Open Market Committee (FOMC) meeting. The consensus reflects expectations that the Fed will pause its rate-hiking cycle following September's increase, with institutions citing the need to assess domestic and external economic factors while monitoring risks including the November midterm elections

According to Reuters, PHP Foundation Executive Director Elizabeth Barron disclosed on October 23 that the organization faces severe funding shortages. Barron stated the foundation currently has only 1 full-time employee (herself) and 14 part-time contractors funded by donations and grants. She noted that increased AI-related coding has roughly doubled the foundation's workload, with code change proposals now nearly double the level from a year ago. This week, two critical PHP vulnerabilities wer

According to ChainCatcher, CZ responded to BNB Chain's new L1 plan today, stating "multiple chains, one token." The new L1 will coexist with BSC, connected via native cross-chain bridges, and will not issue an independent token. Transaction fees, staking, and governance will continue using BNB. The new chain targets 200 millisecond block time and approximately 20 millisecond transaction pre-confirmation. BNB Chain plans to launch a testnet by late 2026 and mainnet in early 2027.

According to a report by Yide Futures on October 26, Singapore is expected to receive approximately 15-16 million tons of low-sulfur fuel oil in October, down slightly from September, with limited compliant supply providing short-term market support. High-sulfur fuel oil supply concerns have eased partly, as exports have recovered following the end of the Middle East summer power generation peak, with market reports suggesting Russian shipments may arrive.

On October 26 (Monday morning), Shanghai Gold Exchange gold T+D fell 1.04% to 856.0 yuan per gram, while silver T+D declined 0.58% to 13,014 yuan per kilogram.

According to Yonhapinfomax, the USD-KRW exchange rate is expected to trade in the 1,320 won range on October 26 amid competing pressures. Geopolitical tensions in the Middle East are driving upward pressure, with escalating confrontations between the U.S. and Iran, and ongoing clashes between Saudi Arabia and Houthi forces. Oil prices surged, with WTI crude breaking above $100 per barrel and Brent crude reaching $116.72, near its highest level since late April. Countering these gains, strong sel