Gate Crypto Flash News and Market Updates

According to Digital Asset's review of U.S. Patent Office and WIPO records on October 12 (Korean time), Apple disclosed a patent titled "Private Blockchain Interface" (US20260187611A1) on July 2, designed to enable fast transfers between users by processing transactions through an off-chain server rather than recording each transaction directly on-chain. The technology supports inter-user payments and settlements while reducing transaction time and fees. Microsoft Technology Licensing disclosed

According to The Block, CFTC's former acting chair Caroline Pham said the agency's jurisdiction covers nearly all crypto activities and does not need new congressional authorization to regulate the market.

According to Omdia on October 12, the research firm predicts that by 2031, AI features will account for 12% of global telecommunications operators' network application spending. Omdia also forecasts that major telecom operators will invest a combined $22.9 billion in cloud and AI infrastructure by 2031, driven by the shift toward AI-native networks built on cloud-native foundations.

According to Open Source Securities, AI security risks are penetrating core business operations as large language models and AI agents accelerate deployment, introducing new systematic risks such as prompt injection, model poisoning, and multi-agent coordination attacks. In 2027, AI application security is projected to be the largest spending category at approximately $851 million, followed by AI usage control at an estimated $749 million, the firm said on October 12. The cybersecurity industry

According to Malaysia's Palm Oil Board (MPOB), palm oil production in September reached 2,116,950 metric tons, up 16.48% month-on-month. Meanwhile, exports declined to 1,120,395 metric tons, down 12.13% compared to August. The data was released on October 12.

According to Foresight News, analyst Willy Woo stated on October 12 that Bitcoin's long-term structure is in early bull market phase, while local structure shows consolidation. Willy Woo noted that the Puell Multiple, which reflects miner selling pressure, supports this assessment.

According to Saudi-led coalition and Houthi military spokesman Yahya Sare, King Khalid International Airport in Riyadh came under attack on October 11, with Terminal 4 struck and fires reported. The strike occurred just one day after a previous missile attack that killed 13 people. Saudi Arabia's General Authority of Civil Aviation confirmed the attack and reported multiple casualties. Yahya Sare claimed the Houthis conducted four successful operations in the past 24 hours using ballistic missil

T-Mobile US Inc. (TMUS), Comcast Corp. (CMCSA), and Joby Aviation Inc. (JOBY) stocks fell to annual lows on Friday following telecom sector developments and analyst caution. TMUS plunged 13% to $147.90, its steepest single-day decline in history, after SpaceX's Starlink formally entered the telecom market and announced spectrum in the 800 MHz band. CMCSA dropped 2% to $20.48 amid the broader telecom selloff triggered by Starlink competition concerns. JOBY declined 5% to $5.23 after Barclays down

According to Yonhap Infomax, South Korea's KOSPI index fell below the 6,500 level and KOSDAQ dropped over 4% on October 12, with major semiconductor and blue-chip stocks declining sharply. The selloff was attributed to multiple domestic factors rather than global shocks: concerns over Chinese chipmaker CXMT's planned launch of advanced server DDR5 chips, disappointing revenue figures from OpenAI weighing on AI-related stocks, rising memory chip prices potentially dampening IT product demand, for

According to CNBC, TikTok CEO Shou Zi Chew expects artificial intelligence to drive major scientific breakthroughs within the next two to three years on Monday at the DBS Asia Future Forward Conference in Singapore. Chew said AI will transform physics, biotech, chemistry, and material science, noting "it's very, very, very possible." He emphasized that while AI's short-term impact may be overstated, its longer-term potential remains underestimated. Chew cautioned that AI's growing capabilities w

In early trading on October 12, China's Shenzhen Component Index and ChiNext Index each fell over 1%, while major banks including Bank of China and Industrial and Commercial Bank of China reached new highs. Hong Kong's Hang Seng Index rose 0.2% in midday trading, though the Hang Seng Tech Index declined 0.6%, with Xiaomi and Huahong Semiconductor dropping over 4% each.

According to Coinglass data, the crypto Fear and Greed Index stands at 68 today, up 8 points from yesterday and entering greed territory. The 7-day average is 65, while the 30-day average is 67.

According to Seoul bond market data, South Korea's 10-year benchmark government bond yields fell sharply to 4.323% on October 12, down 8.9 basis points from the previous day's mid-market rate. The 3-year yields declined 5.5bp to 3.942%, while 30-year yields fell 4.0bp to 4.417%. Foreign investors drove the market, with net purchases of 17,696 contracts in 3-year bond futures and 8,819 contracts in 10-year futures. U.S. Treasury yields also retreated during South Korea's market holiday, with the

According to Yonhapinfomax, on October 12, the USD/KRW exchange rate hit a 2-year low of 1,333.20 won during morning trading, driven by strong export performance and dollar selling pressure. The currency briefly reached 1,333.20 won at 9:56 a.m., marking its lowest level since October 4, 2024. Exports for October 1–10 surged to $26.1 billion, up 102% year-over-year, according to Korea's Customs Service, supporting won strength. Market thinness amid U.S. and Japan holiday closures exacerbated vol

According to Jin10, domestic gold jewelry prices rose approximately 15 yuan per gram on October 12 compared to last Friday. Multiple brands' pure gold (99.9%) jewelry are trading in the 1,266 to 1,270 yuan per gram range.

According to Mysteel, global iron ore shipments totaled 30.88 million tons in the week of October 5-11, declining 3.99 million tons from the previous week. Australia and Brazil combined accounted for 25.02 million tons, down 2.91 million tons. Meanwhile, 13 Chinese steelmakers flagged weakening demand and recommended accelerating production cuts. Delon Steel chairman Ding Liguo stated that iron ore demand weakness is expected to persist, urging companies to boost output reductions. Goldman Sachs

According to Bloomberg (Oct 1), Tsinghua-backed AI infrastructure company Wuwen Xinchan completed a 2.3 billion yuan Series C round, bringing cumulative funding to 4.3 billion yuan. The company, founded in 2023, integrates software across Huawei Ascend, Nvidia, and AMD chips to deliver large language model training and inference services. Bloomberg reported that Wuwen has filed confidentially for Hong Kong listing, with earliest listing possible in H1 2027 at an estimated pre-IPO valuation of ap

According to the Central Political-Legal Committee, recently the Chinese government issued guidance on strengthening law enforcement against food safety violations. The document directs government agencies to strictly crack down on illegal activities that endanger food safety and protect consumers.

According to strategy chief Charlie Bilello, Micron's net income for the fourth quarter ended September 30 reached $37.7 billion, exceeding Apple's $29.8 billion in the same period by approximately $8 billion. The memory shortage has shifted pricing power to chip suppliers, with Micron unable to meet customer demand. As Bilello stated: "Apple needs chips. Micron has chips. Micron sets the price." The supply imbalance has pressured Apple's gross margins, which declined to 48.1% in the June quarte

According to BlockBeats, on October 12, global bond market selloff pushed implied rate hike expectations across eight major economies down 178 basis points to 539 basis points from September's 717 basis points peak. Long-term bond yields rose, with the U.S. 10-year Treasury term premium climbing to approximately 0.98%, the highest since 2014, reflecting increased compensation demands from investors and signaling market-driven tightening even as central banks hold policy rates steady. The rise st