Gate Cryptocurrency News and Market Analysis

TARA cryptocurrency surged 10.74% in the last hour, currently trading at $0.00003. The token recorded a 24-hour low of $0.00002685 and a high of $0.0000299, with trading volume reaching $58,880 over the same period. The price spike coincides with observed whale activity, indicating accumulation by l

Perpetual futures for major Korean stocks declined across overseas crypto exchanges from October 12 at 4 PM to October 13 at 7 AM. EWY, an ETF tracking KOSPI large-cap stocks, fell 2.54% on Binance and 2.52% on

Bumble Inc. (BMBL) shares jumped 50% on Monday after reports emerged that the dating-app company is in advanced talks to be taken private at a valuation of roughly $1 billion, while shares of rival Match Group (MTCH) edged 1% higher. The prospective buyer is Ithaca Holdings, a recently formed firm l

Binance announced the winners of its Agent OS Mini Hackathon in a recent announcement. The event was designed to encourage development within the Binance ecosystem and foster innovation within the crypto community. The platform plans to distribute rewards to winners within two weeks. The hackathon r

IMF Managing Director Kristalina Georgieva said Monday in Bangkok that artificial intelligence investment is keeping global economic growth near 3% despite an ongoing energy shock affecting most countries. Georgieva spoke on the opening day of the IMF and World Bank annual meetings, which run

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