Gate Crypto Flash News and Market Updates

According to ChainCatcher, Hyperliquid's 11-person core team generated over $900 million in net profit in 2025, with per-capita profitability surpassing Apple, Nvidia, and OpenAI. The decentralized trading platform leverages custom blockchain infrastructure, on-chain transparent transactions, and smart contract execution to challenge traditional finance's reliance on centralized intermediaries. Hyperliquid has expanded beyond derivatives to traditional financial assets including crude oil and st

U.S. President Donald Trump stated today that he has not stopped sharing intelligence with Ukraine. Trump said the U.S. is continuing to help Ukraine and share intelligence, while also working with both Ukraine and Russia to end the war.

According to Bloomberg, on October 12, Koch Industries and members of the Getty family agreed to take Getty Images private, with the two parties investing $533 million in equity while lenders agreed to retire approximately $270 million of outstanding debt. The deal comes after Getty scrapped a $3.7 billion agreement to acquire rival Shutterstock in June due to U.K. antitrust concerns, followed by the company's NYSE delisting three months later.

According to BlockBeats, Michael Burry announced today via his Substack account that the U.S. stock market could see a significant top within 0 to 9 months. He is currently shorting the Nasdaq-100 ETF (QQQ) and semiconductor ETF (SMH) through put options expiring in spring 2027, with strike prices approximately 20% below current levels. Burry also maintains short positions in Oracle (ORCL), MetLife (MET), Caterpillar (CAT), and Palantir (PLTR).

Rep. Chris Pappas recently advocated for the CLARITY Act in a tweet, emphasizing bipartisan support for the legislation aimed at establishing a comprehensive regulatory framework for the cryptocurrency market. The bill, which has previously stalled in the Senate, seeks to provide regulatory clarity for digital assets under U.S. law.

European stock indices closed mixed today (October 13). Germany's DAX 30 fell 0.09% to 25,256.71 points. France's stock index declined 0.07%, while Italy's benchmark index rose 0.03% and its banking sector index gained 0.51%. The UK stock index fell 0.04%.

WTI crude oil rose 1.00% intraday on October 13, trading at $93.32 per barrel.

According to Yonhap Infomax, the USD/KRW exchange rate rose 6.40 won to 1,341.50 won as of 10:09 p.m. on October 13. The currency closed regular trading earlier at 1,345.10 won, up 10 won from the previous session. Foreign investors net-sold over 4.5 trillion won in Korean stocks, with the KOSPI declining more than 6 percent at one point, triggering demand for custody dollars and pushing the exchange rate higher. In the currency futures market, foreign investors net-bought approximately 99,000 c

According to Jin10, Iran's intensified attacks on vessels transiting the Strait of Hormuz on October 13 are raising shipping risks and threatening a recent recovery in Persian Gulf crude exports. Tanker tracking data shows that more than a dozen very large crude carriers (VLCCs) and several Suezmax tankers have turned back or altered course near Fujairah port, a key shipping hub at the strait's entrance. Shipping brokers and some vessel operators report slowing activity in the region, including

According to ChainCatcher, Nvidia CEO Huang Renxun stated that the company invested $8 billion in Europe over the past year.

According to Pacific Investment Management Company (PIMCO), the Federal Reserve is expected to keep interest rates unchanged this month. The asset manager also anticipates 1-2 additional rate hikes in the remainder of this rate-hiking cycle.

According to the company and court filings, Character.ai, an AI companion app startup, filed for Chapter 11 bankruptcy on Monday, citing high development costs and litigation liabilities. The platform, which enables users to have conversations and roleplay with AI characters, has faced multiple lawsuits, including a case filed by Kentucky alleging the platform preyed on children. Disney has entered into an agreement to serve as a stalking horse bidder, committing $20 million to license some of t

According to France's agriculture ministry, corn production is now forecast at 7.3 million tons for 2026, down from 8.1 million tons projected in September, due to severe heatwaves and persistent drought. Corn yield fell 27%, marking the lowest level in over three decades. Output is roughly half that of 2025.

According to Reuters, Anthropic and OpenAI are negotiating with third-party AI evaluators over terms that could give the companies substantial control over which findings are published on October 13, 2026. The talks center on what evaluators can disclose, particularly those embedded within the labs rather than testing models externally. In September 2026, both companies publicly committed to granting outside evaluators freedom to publish findings on critical safety issues. However, negotiations

According to an August 4 interview, Wells Fargo CEO Charlie Scharf said corporate clients remain uncertain about stablecoin benefits, but the bank plans to launch tokenized deposits for select corporate clients in fall 2026. The initial offering will enable 24/7 cross-border payments between U.S. dollars and British pounds on Wells Fargo's proprietary blockchain, while maintaining FDIC deposit insurance protections. Wells Fargo has joined a 21-institution consortium that aims to issue a USD-deno

On October 13, India's central bank governor announced a special plan aimed at increasing dollar inflows to the country, projecting approximately $150 billion in new capital flows.

According to an announcement published October 12, Binance will shut down Binance Pool and related services on November 10 at 07:00 UTC. The closure will discontinue mining pool, cloud mining, savings products, Transaction Accelerator, and mining pool API services. Binance urged miners to reconfigure equipment to connect to another pool before the deadline. Users with active Pool Savings positions should unsubscribe or redeem them prior to the cutoff. The exchange will process eligible outstandi

The Cardano Foundation presented research at the 8th Conference on Advances in Financial Technologies (October 6-9) arguing that large token reserves alone may not guarantee long-term security for proof-of-stake blockchains. The paper, co-authored by Paolo Penna of Input Output Global and Manvir Schneider of the Cardano Foundation, introduces a state-dependent reserve threshold model that divides networks into three security conditions: complete failure, reserve-dependent security, and fee-only

According to RBI Governor, the Reserve Bank of India recently introduced forex reserve requirements in response to excessive speculative long positions observed in the market, aiming to ensure orderly rupee fluctuations. The central bank characterized the recent measures as non-capital control steps and indicated it would consider further action if needed to curb speculation.

According to Financial Times, on October 12, SEC Commissioner Mark T. Uyeda defended recent amendments to the agency's quorum rule in a letter as the commission operates with only two members and three vacant seats. The SEC adopted the amendments on September 30, effective October 2. The revision allows a single eligible commissioner to establish a quorum on a matter if other commissioners are disqualified due to ethics rules or conflicts of interest. Uyeda characterized the change as an operati