Gate Cryptocurrency News and Market Analysis

The Central Board of Direct Taxes (CBDT) issued over 44,000 communications to taxpayers involved in trading or investing in virtual digital assets (VDA) who failed to report those activities on their Income Tax Returns, identifying approximately Rs 888.82 crore, roughly $104 million, in

KOSPI opened higher on the morning of October 16, rising 105.37 points (1.90%) to 5,659.59 as of 9:06 AM, partially recovering from the previous day's sharp decline. The rebound was driven by bargain hunting after US Treasury yields fell significantly despite inflation data concerns, with the

Toss Insight published a report on the 16th showing tokenized assets reached $39.1 billion as of early September 2026. The financial research institute, operated by Viva Republica (Toss), revealed that US Treasuries, money market funds (MMF), and credit products comprise approximately 61% of the tok

The Korea Savings Banks Central Association is conducting a demand survey for its 7th project financing normalization joint fund, following a suspension in the first half of this year. The move comes as 208 out of 250 distressed real estate properties listed on the PF disclosure platform as of the e

Visa launched a commercial USDC-based funding service for its Visa Direct remittance platform on October 15 (local time), transitioning from pilot programs conducted since last year to full production. The feature enables remittance companies to secure operational funds using the USDC

CNBC host Jim Cramer said Thursday that Starbucks can drive stock gains by delivering strong results without external catalysts, described Apple as a company whose scale and audience justify its valuation, and reiterated long-term confidence in Intel despite near-term caution. Cramer's remarks

The Senate Leadership Fund, the Republican Party's leading Senate super PAC, raised a record $272.9 million from July through September 2026, according to a Federal Election Commission filing on Oct. 15. Tesla and SpaceX CEO Elon Musk supplied $158 million of that total in September through a

U.S. District Judge Alvin Hellerstein in New York denied a joint request by Gemini and the Commodity Futures Trading Commission to vacate a sanctions settlement on October 15, according to Bloomberg. The judge cited Gemini's voluntary entry into the settlement three weeks before trial in

Korea Investment & Securities researcher Jung Hyun-jong released an analysis on October 16 stating that US Treasury bonds' relative investment attractiveness has increased as expected returns on stock assets decline. The report examines recent US short- and long-term interest rate trends and

Hanwha Asset Management's 'PLUS 200 Futures Inverse 2X' exchange-traded fund traded at 80 won at 9:05 AM, representing a 62.43% deviation below its net asset value of 212.95 won. The anomalous transaction occurred as large market sell orders executed during heightened volatility when KOSPI opened

CoreWeave and other neocloud stocks including Nebius plunged on the 14th, placing AI infrastructure investment profitability under new market scrutiny. CoreWeave's stock fell 15.46% in a single day on the 14th (local time), while its 2032 maturity bond yield climbed to 15.77% and its 5-year credit d

The Dow Jones Industrial Average rose 1.1% on Thursday, marking its best single-day performance in over a month, as investors rotated out of chip stocks into defensive sectors. The shift followed September producer price data showing a 1.3% monthly increase and 6.3% year-over-year rise, the

Claude AI predicts Chainlink (LINK) could reach $100 by January 1, 2027, according to a speculative analysis that assumes near-perfect market conditions including institutional adoption and a major crypto bull run. The prediction represents a potential rally from LINK's current price of

The USD-KRW exchange rate stood at 1,342.00 won as of 6 AM on October 16, down 2.60 won from the previous Seoul session close of 1,344.60 won. The decline followed a sharp drop in US Treasury yields driven by risk-off sentiment from AI-related asset selling and a rebound in US equity markets.

MultiLiquid, a payments platform enabling instant swaps between tokenized assets and stablecoins, secured $8 million in early-stage funding across pre-seed and seed rounds, The Block reported on Oct. 15. Polychain led the seed round, with participation from Strobe

Australia released draft legislation that would enable automatic exchange of crypto tax information between countries, with the proposal open for public comment until Oct. 28. The Treasury Laws Amendment Bill 2026: Tax information reporting establishes a framework to implement the Organisation for

Zach Yadegari, 19-year-old founder of AI-powered calorie tracking app Cal AI, discussed his company's viral success strategy at TechCrunch Disrupt on Thursday. The company generated over $30 million in revenue in two years through an influencer-driven marketing approach before being acquired by

Morgan Stanley upgraded quantum computing firm Quantinuum (NAS:QNT) to Overweight from Equal-weight and set a $62 price target on the 15th (US local time), according to CNBC. The upgrade reflects Quantinuum's technical leadership among pure-play quantum computing companies and its attractive

Morgan Stanley Capital International (MSCI), a global stock index provider, announced on the 15th (local time) a decision to introduce new criteria that will exclude non-operating companies from the Global Investable Market Indices (GIMI), creating the possibility that Strategy, the world's