Gate Crypto Flash News and Market Updates

According to BlockBeats, the BNB Foundation completed the 37th quarterly token burn on October 19, destroying 1.6462 million BNB worth approximately $1.197 billion. Following the burn, the total circulating supply decreased to about 131.5 million BNB.

According to ChainCatcher citing 科创板日报, Luorui Micro, a subsidiary of ZTE Microelectronics, unveiled its Zhuanfeng 200 RISC-V CPU chip for AI data centers during the 6th RISC-V China Summit. The company claims it is the industry's first RISC-V CPU chip designed for AI data center scenarios. Detailed product specifications will be released by year-end. Zhuanfeng 200 integrates multiple acceleration engines including matrix, vector, compression, and encryption capabilities, and supports high-speed

Indonesia's stock exchange announced on October 19 that it will exclude all stocks with highly concentrated shareholding from its main index. The policy adjustment aims to improve index quality and market transparency.

The Chicago Mercantile Exchange (CME) announced plans to launch tungsten futures in the first quarter of 2027.

Elon Musk pledged on X to give every American child one share of SpaceX next year, following Anthropic's announcement of allocating equity to public interest. "Next year I will give every kid in America one share of my SpaceX stock," Musk wrote on the platform. "This will just be the beginning." The company has not disclosed operational details or further elaboration on the stock distribution plan.

According to a Kremlin statement on October 19, President Putin supports Prime Minister Mikhail Mishustin's proposal to nominate Deputy Prime Ministers Alexei Grigoryenko and Yury Trutnev for state awards in recognition of their significant contributions to government development.

According to CryptoQuant, on October 19, bitcoin exchange reserves increased to approximately 2.68 million BTC from around 2.67 million in early October, though still significantly below January levels. Spot demand over the past 30 days turned negative after briefly approaching zero, while perpetual futures demand remained positive. Among whale holders, addresses holding 100-1,000 BTC continued net accumulation over the past 60 days but below late-September peaks; the 1,000-10,000 BTC group show

According to Lookonchain, an Ethereum address faced multiple liquidations over the past 10 hours, totaling 8,163 ETH worth approximately $19.78 million.

According to MSX.COM, SNXXUSDT rose 10.0% in 24 hours to 9.76000 USDT.

According to Bank of America, storage chip stock valuations have already hit bottom in recent weeks, and market concerns about a shift from AI storage boom to decline are overblown. The bank predicts that average selling prices, revenue, and profit margins for storage chips will maintain super-cycle levels through 2027 and 2028, with absolute profit levels remaining near historical highs despite slowing growth rates.

According to Jin10, Shengda Resources announced on October 19 that it expects Q1-Q3 2026 consolidated net profit of 660–700 million yuan, representing growth of 104.57%–116.96% year-over-year. The company attributed the increase to expanded mining and ore-processing capacity at its wholly-owned subsidiary Inner Mongolia Jinshan Mining following 2024 technical upgrades, combined with higher production volumes and rising precious metal prices in the first three quarters of 2026.

According to Iranian media, Emirates announced the cancellation of flights to Dammam, Jeddah, and Riyadh in Saudi Arabia through October 24.

According to Binance, the exchange opened voting for The Blockchain 100 on October 19, allowing users to vote on shortlisted project candidates. The initiative aims to enhance community engagement and give users a role in decision-making processes. Binance announced the move via official social media, reflecting the platform's commitment to user involvement in shaping the future of blockchain developments.

According to Bitfinex's official announcement, the cryptocurrency exchange is hiring a Transaction Monitoring Analyst to strengthen its compliance capabilities. The position emphasizes blockchain analysis to prevent financial crime and aligns with the exchange's commitment to regulatory compliance in the crypto sector.

According to Coinglass, Binance experienced net outflows of $34.28 million USDT in the past hour.

According to Yonhapnews, South Korean President Lee Jae-myung said on October 19 that the government is evaluating policy measures to stabilize the stock market amid recent declines that have reduced holdings by the National Pension Service in domestic stocks. Lee stated the government will present a comprehensive report in the coming days and take necessary actions.

According to Bitget's official announcement today, the platform has added 108 new stock rTokens including rTCEHY (Tencent ADR), rBYDDY (BYD ADR), rXIACY (Xiaomi ADR), and rVWAGY (Volkswagen ADR). The new listings cover global ADRs, space technology, and clean energy sectors. Bitget now supports a total of 3,035 rTokens across its platform.

According to Securities Times, at the 2026 Financial Street Forum, Zhu Hegui, Vice Governor of the People's Bank of China and Director of the State Administration of Foreign Exchange, stated that China will strengthen monitoring and early warning of cross-border capital flows, crack down on illegal cross-border financial activities, maintain stable operation of the foreign exchange market, and ensure the safety, liquidity, and value appreciation of foreign exchange reserves.

Last week, AI infrastructure investors experienced a credit market repricing when CoreWeave, Nvidia's major customer and a leading cloud GPU rental provider, faced stock and bond selloffs. The cloud compute provider's stock fell over 25%, while its 2031-maturity bonds dropped to 78-80 cents on the dollar with yields reaching 15.6% to 16.2%. Five-year credit default swap spreads widened to 1,194.5 basis points, with implied default probability exceeding 60%. The repricing reflects a fundamental s

According to CXMT, the Chinese memory chipmaker's shares closed 7.8% lower on October 19 despite forecasting net profit of 131 billion to 132.5 billion yuan (US$19.6–19.8 billion) for the nine months ended September 2026, a turnaround from a 5.3 billion yuan loss a year earlier. CXMT attributed the recovery to AI-related chip shortages and higher DRAM prices. Counterpoint Research data showed CXMT's global DRAM revenue share jumped to 10% in Q3 2026 from 5% a year prior.