Gate Cryptocurrency News and Market Analysis

Polymarket, the decentralized prediction market, placed the odds of Ethereum (ETH) reaching $2,600 in October at 84% as of October 12, according to crypto news outlet Odaily. The probability rose 13 percentage points from the prior 24-hour period. The prediction market operates on a binary

Pivotal Research raised its SpaceX (SPCX) Stocks price target to $230 from $220 and maintained a 'Buy' rating, according to The Fly. The upgrade followed SpaceX's agreement last week to acquire nationwide wireless spectrum from Grain Management, with Pivotal adding Starlink Mobile to its financial f

Former US Defense Secretary Lloyd Austin warned on October 12 that finding a diplomatic breakthrough to end a US-Iran war is becoming increasingly difficult, according to Walter Bloomberg. Austin stated that both Washington and Tehran believe they can outlast the other, declaring "There is no easy e

Investment managers overseeing $20 trillion increased AI research tool spending by 40% while keeping overall research budgets nearly flat during the first half of 2026, according to a survey from Substantive Research covering 50 asset managers. The firm's latest analysis found average global researc

Yemen's Houthi rebels are intensifying missile and drone attacks on Saudi Arabia, threatening key oil infrastructure and crude exports through the Red Sea, according to a report by Walter Bloomberg, an overseas economic news feed, on October 12. The attacks are adding to concerns over disruptions to

Australia's securities regulator proposed on Monday extending leverage limits and retail investor protections to certain crypto-settled derivatives. The Australian Securities and Investments Commission (ASIC) seeks to expand rules for contracts for difference (CFDs) to include contracts settled by t

Bitcoin traded at $83,327 on Monday, up 0.6% over the past 24 hours but down 2.9% over the past week, according to CoinGecko data. Rising Treasury yields and a stronger dollar are weighing on the cryptocurrency, analysts said, even as market expectations for a Federal Reserve rate hike at the

Morgan Stanley projects the tokenized real-world assets (RWA) market will reach between $3 trillion and $10 trillion by 2030, according to a report by The Block on X on October 12. Amy Oldenburg, Morgan Stanley's head of digital asset strategy, stated the market will "without a doubt" achieve this r

Nick Ducoff, Head of Institutional Growth at the Solana Foundation, stated that meme coins are not hindering institutional adoption of Solana but rather enabling it through developer innovation. Ducoff explained that thousands of developers are building primitives for meme coins that may

Bitcoin is holding support near $80,000 while facing resistance at $87,000, according to an analysis reported by BlockBeats on Oct. 12. Crypto-focused media outlet BlockBeats stated that QCP Capital identified repeated failed attempts to break through $87,000, with support forming around

Robinhood CEO Vladimir Tenev sold 375,000 Class A shares on October 5, reducing his directly held Class A position to zero for the sixth time in 2026, according to an SEC filing dated October 7. The sale generated approximately $42.6 million at $113.72 per share under a Rule 10b5-1 trading plan

Ethereum liquidity on Binance recently dropped to a 7-month low, according to a tweet by @ArabxChain citing CryptoQuant data. The decline in reserves indicates ETH is being moved to wallets outside the exchange, potentially reducing available supply for selling. This withdrawal pattern aligns with c

Aeternum announced on Oct. 12 that Unchained Summit India will be held Nov. 5-6 at the Courtyard by Marriott in Mumbai. The conference will focus on India's digital-asset market and regulation, tokenization, and blockchain infrastructure. This marks the third edition of the Unchained Summit,

CreditEase, one of China's largest former peer-to-peer lending groups, is facing a criminal investigation by Beijing police, according to reports from 21st Century Business Herald. Founder Tang Ning and other suspects have been placed under criminal compulsory measures. This development follows Cred

AST SpaceMobile (ASTS) stock rose 1% overnight late Sunday after the company announced that BlueBird satellites 14, 15, and 16 arrived at Cape Canaveral, Florida, and the Federal Communications Commission (FCC) granted a 30-day authorization effective Oct. 9 through Nov. 8 to test the company's 900-

Crypto.com completed the Stargate Finance (STG) token merge into LayerZero (ZRO) for its users. The token conversion occurred at a ratio of 1:0.08634, with ZRO now available for trading on the Crypto.com App and Exchange. The merge aims to streamline trading and enhance user experience within the pl

Developer Maurice Heumann used AI agents to decompile Call of Duty: Modern Warfare 2 (2009), consuming over 500 billion tokens across three months to rebuild the game's source code in C++. The project achieved 99% function presence with 83% matching the original byte-for-byte. Heumann wrote on X

South Korean stocks suffered a steep sell-off on Oct. 12, with the benchmark KOSPI dropping 3.65% to close at 6,384.24 and the KOSDAQ falling 4.83% to 849.19. Samsung Electronics declined 4.39% and SK Hynix fell 4.52%, leading technology-sector losses. The downturn was driven by foreign investors

Anseta joined the Cosmos Partner Network in a partnership aimed at supporting financial institutions' digital asset tokenization strategies. The collaboration, announced via a tweet from @cosmos, positions Cosmos as a key infrastructure provider for institutional tokenization efforts. This partnersh

Pyth Network will participate in the World Financial Information Conference (WFIC) on October 13 alongside industry leaders Nasdaq and Cboe. Michael James from Pyth Network will represent the organization in a panel discussion at the event. WFIC is a biennial conference that brings together major ma