Gate Cryptocurrency News and Market Analysis

McDonald's outlined plans at its September investor day to gain 1.5 percentage points of global market share in both chicken and beverages by 2030, but new consumer spending data suggests the fast-food chain faces significant competition. Consumer Edge data tracking credit and debit card

Polymarket prediction market priced the probability of an effective Bab el-Mandeb Strait closure at 17% by December 31, based on data retrieved on October 12, 2026. The contract defines closure as IMF PortWatch publishing a seven-day moving average of ship arrivals at or below 10 for any

GlobalFoundries unveiled FDX Fusion, a 7nm-class fabrication technology based on fully-depleted silicon-on-insulator (FD-SOI) and planar transistors. The new node promises more than twice the transistor density of the company's 22FDX process introduced circa 2015 and is aimed at automotive, edge

Wells Fargo and Cantor Fitzgerald reduced their price targets on Amazon.com Inc. (AMZN) on Monday ahead of the company's third-quarter earnings report later this month. Wells Fargo lowered its target to $329 from $338 while Cantor Fitzgerald cut its target to $310 from $320, with both firms

Germany's Bundestag rejected an opposition bill to eliminate the one-year crypto tax holding exemption on October 8, voting 445 to 132 to preserve the rule that allows tax-free sales after twelve months. Six days earlier, on September 30, the finance ministry circulated a draft law that would end th

Bitcoin and Ethereum ETFs recorded contrasting net flows according to Lookonchain's latest report. Bitcoin ETFs saw a 1-day net inflow of 127 BTC, approximately $10.49 million, while Ethereum ETFs experienced a 1-day net outflow of 25,446 ETH, totaling around $64.22 million. The divergent flows

On Monday, US Stock Market News showed the semiconductor memory sector opening with wider losses, with Micron Technology (MU.US) and SanDisk (SNDK.US) both declining more than 4%. The memory sector weakened further intraday, with SK Hynix (SKHY.US) down over 3%, and Western Digital (WDC.US) and

OPEC reduced its 2026 global oil demand growth forecast by approximately 71%, from 1.4 million barrels per day to 400,000 barrels per day, OPEC Secretary General Haitham Al Ghais said on October 12 at the World Petroleum Congress in Riyadh. The downgrade reflects economic pressures and disruptions a

Evernorth Holdings (XRPN), an XRP-focused treasury company, saw its shares jump 5% at the Nasdaq stock exchange opening on Monday, according to Yahoo Finance data. The debut followed the company's announcement on Monday that it appointed Hugo Jeandesboz, former Coinbase Asset Management Co-Chief

Delta Air Lines postponed the launch of its nonstop Atlanta-Riyadh service to March after deadly attacks hit King Khalid International Airport in the Saudi Arabian capital. The airline originally planned to

In US Stock Market News, stocks kicked off a busy week on Monday with mixed trading that is keeping the market hovering around its all-time high, as reported on October 12, 2026 (October 12, 2026, 9:58 AM ET / 7:28 PM IST). The S&P 500 was mostly unchanged and is trading around its record set last w

Australia's Securities and Investments Commission (ASIC) is consulting on a proposal to renew its contracts for difference (CFD) consumer protection order for another decade and broaden coverage to include products with similar economic characteristics settled using digital assets, according to an

US auto-safety regulators are reviewing a defect petition alleging that Tesla's robotaxis exceed posted speed limits in active school zones. The National Highway Traffic Safety Administration (NHTSA) announced the petition on October 12, 2026, which covers approximately 1,000 Tesla

Zcash (ZEC) climbed approximately 5% on October 12, trading near $1,280, as bearish traders faced forced liquidations and investors anticipated a major blockchain upgrade scheduled for November. The privacy-focused cryptocurrency outperformed Bitcoin and Ethereum, with short positions accounting for

Singapore-based digital asset infrastructure company Qore3 and Bhutan's Gyalpozhing College of Information Technology (GCIT) launched Project Digital Village to introduce blockchain technology to 21 households in Rukha Village, Wangdue Phodrang district. The initiative deploys multi-party

Salesforce signed a definitive agreement to acquire Loops, an Israeli AI analytics startup, on October 12, 2026. The deal, estimated at around $30 million though official terms were not disclosed, aims to integrate Loops' agentic analytics technology into Tableau, Salesforce's data visualization

Crypto-linked stocks in the US market reversed intraday losses and turned higher on October 12. According to crypto media outlet BlockBeats, Strategy (MSTR) rose 2.04% and Coinbase (COIN) gained 2.08%, while semiconductor stocks declined during the same session. Strategy and Coinbase Lead Crypto S

Brent crude futures topped $107 a barrel on Oct. 12, extending recent gains in international oil markets. West Texas Intermediate futures also advanced, trading above $93 per barrel. Odaily reported the price movements, with Brent rising 2.25% to $107.073 a barrel and WTI gaining 2.28% to $93.940 a

Ripple has partnered with Wormhole to adopt its Native Token Transfers (NTT) technology for multichain asset management. The collaboration aims to enable institutions to maintain control of their tokens across various blockchain networks. Wormhole emphasized that institutional clients prioritize con

The US dollar index rose for a second consecutive trading session on October 12, gaining 0.187% to reach 102.420 as of 7:57 AM Eastern Time in New York forex markets. The dollar strengthened amid escalating conflict between Saudi Arabia and Yemen's Iran-backed Houthi rebels, which drove