Gate Crypto Flash News and Market Updates

According to Axios, Elon Musk stated in a podcast interview with biographer Walter Isaacson that artificial intelligence and robotics are the only viable solution to address America's soaring national debt, as spending cuts alone cannot resolve the issue. Musk, who leads the "Department of Government Efficiency" (DOGE) under Trump's second term, said attempts to cut government spending face significant political resistance. Tesla has shifted focus from traditional vehicle manufacturing to roboti

According to market analysis, several key economic releases are expected this week to drive market movements across oil and gold markets. British unemployment data drops Tuesday at 06:00 AM GMT, with UK inflation forecast at 3.4% on Wednesday, while Japanese inflation and German and British manufacturing PMI readings follow Thursday through Friday. Oil prices are trading around $98 after breaking above the 23.6% Fibonacci support at $95, with next resistance at the psychological $100 level and r

According to a statement from Rebio Biotech-B (06938) on October 16, the company entered into a share swap agreement with minority shareholders to acquire the remaining 49.71% equity stake in Ribocure Pharmaceuticals AB. Currently holding 50.29% of the target company, Rebio will become full owner upon completion. Shareholders will receive 15 compensation shares for each target share transferred, totaling approximately 14.87 million shares, representing 8.26% of current issued shares and 7.63% po

According to Kevin Hassett, Director of the White House National Economic Council, inflation appears to be returning and requires policy attention. Non-essential travel data indicates strong consumer confidence, while travel and ticket spending continue to reflect positive economic momentum.

According to official announcement, Bitmine added 12,535 ETH over the past week, announced on October 19. As of 3:00 PM ET on October 18, 2026, Bitmine's total Ethereum holdings reached 6,041,481 ETH, representing 4.9% of the total ETH supply (122.1 million ETH).

According to Bloomberg, Norwegian fiber network company Bulk pitched Project Leif Erikson on October 19, a 2,800-mile transatlantic undersea cable connecting Happy Valley-Goose Bay in Canada's Newfoundland and Labrador province to Norway's southern tip, bypassing the United States. The project, estimated to cost over $620 million, aims to provide Canada with a sovereign data link for AI, telecom, and hyperscale markets. Bulk, 65% owned by Canadian real estate subsidiary of Sun Life Financial Inc

According to ESMO 2026 conference on October 19, Luokang Pharma's H-drug (surulimab), a first-in-class anti-PD-1 monoclonal antibody approved for first-line extensive-stage small-cell lung cancer (ES-SCLC), will be presented as an oral report in the ASTRIDE trial. The head-to-head US bridging study compared surulimab with atezolizumab combination chemotherapy for ES-SCLC first-line treatment. At a median follow-up of 14.1 months, surulimab achieved a median overall survival (OS) of 12.4 months v

Canada's September consumer price index came in at 3.1% year-over-year, below the expected 3.2% and up from 3.0% in August. The softer-than-forecast inflation reading suggests easing price pressures in the world's largest energy exporter.

According to Gate's official announcement, on October 19 at 18:00 UTC+8, the platform launched trading for 6 new stock contracts: VICR (Vicor Electronics), GRAL (Grail Inc), YPF (YPF Sociedad Anonima), VIST (Vista Energy), PBR (Petroleo Brasileiro), and NU (Nu Holdings). All contracts support 1-20x long and short positions, with trading bots and copy trading features. Gate now supports 482 stock contracts overall.

According to TradingView data, on October 18, Tools for Humanity launched World ID for Banking and Finance, partnering with Wall Street institutions including VanEck, Pantera Capital, and Bain Capital to integrate deepfake detection with Zoom. WLD token struggled following the announcement, bouncing to $0.547 on October 17 before declining to $0.478 the next day. Open interest fell 5.1% in 24 hours, and funding turned negative, signaling weakening market sentiment. According to DeFiLlama, approx

According to ChainCatcher, Metaplanet received shareholder approval today to acquire control of Super League Enterprise Inc. (Nasdaq: SLE). Metaplanet will inject 2,100 bitcoin and $2.5 million in cash (valued at approximately $134.6 million) in exchange for 44.86 million newly issued common shares and preferred shares, giving it 95.7% ownership of SLE's outstanding common stock. CEO Simon Gerovich said the acquisition will enable Metaplanet to establish a bitcoin treasury platform listed on the

According to CoinDesk, Cardano founder Charles Hoskinson is developing a new programming language that combines user transaction intentions with cryptographic proofs, in collaboration with Input Output Global engineer Lucas Rosa, co-creator of the Aiken smart contract language. The language will support three tools: transaction intents that let users specify desired outcomes without defining execution steps, proof-carrying data that attaches cryptographic evidence to information, and Groth16 pro

On October 19, China's State Taxation Administration issued a reminder to taxpayers to declare and pay personal income taxes on offshore trust income within a 90-day grace period ending October 22. According to the announcement jointly issued by the Ministry of Finance and the State Taxation Administration on July 24, taxpayers with offshore trusts must file tax returns on trust earnings. Taxpayers who complete their filings within the grace period will not incur additional late payment penaltie

According to ChainCatcher, Hyperliquid Policy Council submitted comments to the U.S. SEC supporting its proposed Regulation Crypto Assets, recommending 5 key adjustments to clarify regulatory boundaries on token issuance, airdrops, secondary market trading, and safe harbors in the final rules.

According to its announcement, Vylixia-B (09887) disclosed that six research abstracts for Viliximab (anti-PD-L1/4-1BB bispecific antibody) and LBL-034 (GPRC5D/CD3 bispecific T-cell engager) have been published on the 2026 European Society for Medical Oncology (ESMO) congress website. Three of the studies were selected for oral presentations, with one designated as a Late-Breaking Abstract (LBA). Detailed and updated data from these studies will be presented during the 2026 ESMO congress.

According to FnGuide data released recently, the National Pension Service (NPS), South Korea's largest pension fund, saw its holdings valued at 5% or more across 287 listed companies shrink from 515.93 trillion Korean won in late June to 333.53 trillion won as of October 15, representing a paper loss of approximately $137 billion. SK Hynix holdings lost about 74.2 trillion won in market value, while Samsung Electronics declined by 56.9 trillion won, with the two stocks accounting for roughly 72%

According to Bloomberg, Multicoin Capital partner Spencer Applebaum said on October 19 that the firm will not expand its investment scope into pure AI projects, unlike peers such as Paradigm and Framework Ventures. Multicoin's core advantage lies in the crypto sector, where it maintains $2.7 billion in assets under management.

Crypto markets rebounded today as Bitcoin held at $82,161, down just 1.4% on the week, while broader market losses continued elsewhere. Ethereum fell 5.3% to $2,415, with major altcoins declining an average of 7.5% over seven days. Spot Bitcoin ETFs recorded $228.4 million in net outflows this past week, while Ethereum ETFs lost $320.1 million, bringing October combined losses to $1.86 billion. Papertrade led onchain protocols in revenue generation with $30.56 million for the week, followed by H

According to Foresight News, Binance launched Binance AI Pro today (October 19), available globally on web and mobile app. The AI Agent enables users to describe trading strategies conversationally, which are converted into automated visual workflows without coding. Strategies can be tested via simulated trading before deployment to live accounts in separate sub-accounts. The platform offers a free standard version with 250,000 monthly quota using DeepSeek, and a premium version at 19.99 USDC mo

According to Zhitong Finance APP, Concord New Energy (03800) on October 19 signed a non-binding memorandum with Concord Group to acquire approximately 81.91% of Sichuan Concord Lithium Battery Technology, a developer of lithium iron phosphate cathode materials for new energy batteries in China. The preliminary consideration is estimated at approximately 2.5 billion Chinese yuan (CNY), comprising 650 million CNY in cash and 1.85 billion CNY in consideration shares. Based on the minimum issue pric