Gate Cryptocurrency News and Market Analysis

China's three major A-share indices closed lower on October 15 after narrow afternoon fluctuations, with big banks attempting to support the market. The Shanghai Composite Index fell 1.59% to 3,707.48 points, the Shenzhen Component Index dropped 2.43% to 11,816.79 points, and the ChiNext Index

SinoPac Asset Management announced on October 15 the launch of the SinoPac Global Strategic Resources Fund, targeting uranium mining, rare earth minerals, and electricity infrastructure investments, with募集 starting October 19. The fund responds to AI development driving increased power demand and he

Chinese mainland stocks declined sharply on October 15, with the Shanghai Composite Index falling 1.59% to 3,707.48 points after briefly breaking below the 3,700-point level during intraday trading. The selloff was driven by broad-based declines across the market, with over 5,100 stocks falling.

Hong Kong stocks declined on October 15, with the Hang Seng Index falling 251 points or 1.03% to close at 24,062 points. Artificial intelligence (AI) concept stocks emerged as the hardest-hit sector, with multiple companies recording double-digit percentage losses. Market analysts attributed the

The US Labor Department reported on October 15 that the producer price index rose 1.3% from a month earlier in September, exceeding economists' forecast of 0.6% by 0.7 percentage point. The increase was driven by rising company input costs including raw materials, labor, and energy. PPI measures

BingX EU secured a MiCAR license from Austria's Financial Market Authority, enabling regulated crypto services across 29 EEA countries. The authorization allows the platform, operating as MEGE zweite GmbH, to provide digital asset services under a unified regulatory framework focused on

US spot XRP exchange-traded funds attracted $740,400 in net inflows on October 14, marking a sharp slowdown in institutional demand. Cumulative inflows have reached approximately $1.8 billion since the products began launching in November 2025, according to SoSoValue's XRP ETF tracker. Bitwise

Pyth Network announced that Q3 marked its largest quarter for real-world asset (RWA) perpetuals, achieving a cumulative trading volume of $2.16 trillion. Open interest climbed 79% to a record $12.6 billion, with $2.04 trillion priced by Pyth during this period. Pyth Network operates as a

The HEX token fell nearly 30% in the past 24 hours following local media reports that founder Richard Schueler, also known as Richard Heart, was detained by authorities in Istanbul on Wednesday. The token declined to $0.0006 as of 11:28 am UTC on Thursday, erasing about $160 million from its

Memory chip stocks SK Hynix, Samsung, and Micron suffered sharp declines this week, with SK Hynix plunging 26% over the last five days, Samsung tanking 22%, and Micron dropping around 11%. The selloff intensified after Chinese chipmaker ChangXin Memory Technologies (CXMT) announced plans to roll

Ledger unveiled Atom on Thursday, an $849 hardware wallet device designed with anti-tampering protections and a smartphone-like interface that separates Android apps from sensitive wallet operations. The French hardware wallet maker announced the device will begin shipping in summer 2027. The unveil

OpenAI accused a former employee who returned to Apple of transferring over 100 confidential device files on October 14, 2026. The allegations were detailed in a supplement to a joint case management statement filed in the U.S. District Court for the Northern District of California, where Apple

Amazon on Thursday unveiled two new Bee listening devices, the Bee Frontier wearable and the Bee Eclipse smartphone attachment, marking its latest push into the AI gadget market. The launch follows Amazon's July 2025 acquisition of Bee, a San Francisco startup known for its always-listening

Circle minted approximately $750 million USDC on the Solana blockchain within the last 24 hours. The minting activity was highlighted by CryptoTwitter commentator @SolanaFloor. This development showcases Solana's growing role in the USDC stablecoin ecosystem. Circle Mints $750 Million USDC on Sola

Solana will activate Alpenglow on mainnet on October 21 around 15:00 UTC, replacing the consensus mechanism it has used since launch. The upgrade reduces transaction finality from approximately 12.8 seconds to a target of about 150 milliseconds, an 85-times improvement, according to Anza, the core d

Tom's Hardware tested Nvidia's RTX Spark Superchip in Microsoft's Surface Laptop Ultra over the past week following the platform's announcement at Computex 2026. The test system featured 20 CPU cores, 6144 CUDA cores, and 128GB of LPDDR5X-9400 RAM. Nvidia CEO Jensen Huang announced the RTX Spark pla

Deutsche Bank maintained its buy rating and $150 price target on AI cloud company CoreWeave on October 15, following a share price drop of more than 15% the previous day. The investment bank identified the decline as a potential buying opportunity, stating it found little evidence of fundamental

CoreWeave (CRWV) shares declined in Thursday early morning trade, extending losses to a fourth consecutive day after bond yields spiked this week. Paul Meeks, Head of Technology at Creditsights, called the selloff overexaggerated in a CNBC interview, while Deutsche Bank maintained difficulty