Gate Cryptocurrency News and Market Analysis

SWI Group raised about $900 million in capital on Monday to fund its AI and data center expansion plans in Europe and the United States, with the investment company now holding majority control over Genesis Digital Assets, a crypto mining operation previously tied to collapsed cryptocurrency

International oil prices rose for a third consecutive trading day on October 12 as escalating conflict between Saudi Arabia and Yemen's Iran-backed Houthi rebels intensified supply concerns. West Texas Intermediate (WTI) crude for November delivery climbed $1.89, or 2.06%, to close at $93.74 per

Elon Musk donated more than $276 million to Republican groups since July, making him the biggest known donor of the 2026 midterm election. The largest share of $158 million went to the Senate Leadership Fund, the main super PAC backing Republican Senate candidates, according to figures provided by M

Binance holds 49% of the total open interest in Ethereum futures, marking a record concentration since 2023, according to data reported by CryptoQuant. The exchange's dominance in Ethereum derivatives reflects significant institutional interest in ETH futures markets. This concentration of nearly ha

Cointelegraph reported on Oct. 12 that the U.S. dollar's purchasing power has fallen 87% since 1971. The British pound's purchasing power declined 93% over the same period, marking the steepest drop among the three currencies analyzed. The Swiss franc's purchasing power fell 66%, a smaller decline t

Meta AI predicts Bitcoin could reach $500,000 to $1,000,000, with a stretch target of $1.5 million, by January 1, 2027. The prediction is contingent on a major sovereign nation or coordinated group of nations adopting Bitcoin as a strategic reserve asset during a strong late-2026 bull market. This s

Bitcoin briefly climbed back above the $83,000 mark on October 13. As of 5:47 a.m. on October 13, Bitcoin was trading at $83,096.01 on Binance's Tether market, down 0.73% from a day earlier. FAQ What price did Bitcoin reach on October 13? Bitcoin briefly climbed above $83,000 on October 13, trad

Venture capitalist Chamath Palihapitiya on Monday highlighted power and physical infrastructure as lasting constraints in the AI race, following Microsoft's announcement of its own silicon chips. Palihapitiya wrote on X that silicon companies will move up the stack while application companies move d

IREN stock gave up an early rally on Monday, October 12, after The Information reported that the AI cloud infrastructure provider has an unannounced multiyear agreement with Anthropic, the developer of the Claude AI models. Neither company has publicly

U.S. Vice President JD Vance claimed Microsoft replaced 6,000 laid-off American employees with foreign workers, according to a Cointelegraph report on Oct. 12. The claim centered on Microsoft's layoffs and subsequent foreign hiring practices. However, H-1B visa approval data for foreign skilled work

US Stock Market News shows the Magnificent Seven—Nvidia NVDA, Apple AAPL, Alphabet GOOG, Microsoft MSFT, Amazon AMZN, Meta Platforms META, and Tesla TSLA—have rebounded to lead markets after a shaky start to the year, with strategists debating whether broader market participation will emerge as

ProjectVEXai announced new coding tools designed for token management and trading, giving users control over their assets through token swaps, fund bridging, and perpetual trading directly from their machines. The tools ensure execution follows user permissions while maintaining control of private k

U.S. economic agencies will release the Consumer Price Index (CPI) and Retail Sales reports on October 12 and 13. Binance emphasized the importance of these upcoming indicators, noting they may influence market sentiment and trading strategies. The reports will provide insights into inflation and co

STRAX surged 11.58% to reach $0.01233 within one hour, marking its most significant move in recent weeks. The cryptocurrency recorded a 12.81% gain over the last 24 hours, with trading volume reaching $504,733.37. The price movement reflects increased market activity, drawing attention from both

USDC recorded $40.2 billion in trading volume on decentralized exchanges across weekends in the third quarter, according to crypto commentator Token Terminal. The stablecoin achieved a median trading volume of $1.37 billion per weekend day during this period. This activity occurred when

Intel announced its GPU D-Series AI accelerators at OCP 2026 today, officially naming the Crescent Island chip and disclosing it delivers 1.3 PFLOPS of FP8 compute performance and 1.5 TB/s of memory bandwidth. The air-cooled PCIe products feature a 350W TDP and support up to 480GB of LPDDR5X memory,

In US Stock Market News, with certain market valuation metrics flashing warning signs and high-profile investors calling for a stock market correction, investors may feel uncertain. However, according to Peter Lynch, manager of Fidelity's Magellan Fund, staying invested remains prudent. Lynch

International gold prices declined on October 12 as Middle East tensions escalated, with December gold futures falling 0.61% to $4,190.70 per troy ounce on COMEX as of 1:19 PM US Eastern Time. The decline occurred as dollar strength and rising oil prices created downward pressure on gold. Yemen's

Evernorth Holdings' XRPN stock experienced a volatile Nasdaq debut on Monday, October 12, surging as much as 13.5% above Friday's closing price before surrendering nearly all gains within hours. The reversal followed the company's completed merger with Armada Acquisition Corp. II, bringing one of th

JPMorgan's two tokenized money market funds hold $844 million on Ethereum as of October 11, comprising $741 million in JLTXX and $103 million in MONY. The accumulation reflects growing institutional interest in Ethereum-based financial products. JLTXX launched in May with initial capital of $200 mil