Gate Crypto Flash News and Market Updates

According to bitcoinist, Coinbase and Marqeta announced expanded cooperation to enable businesses to issue payment cards backed by stablecoin balances. Marqeta provides card-issuing technology and access to established payment networks, while Coinbase contributes cryptocurrency custody and stablecoin settlement services, potentially leveraging its Ethereum Layer-2 network Base. The arrangement allows customers to spend digital dollars through conventional card transactions, with blockchain opera

According to Houthi military spokesperson Yahya Saree, Saudi warplanes conducted 53 airstrikes in the past 24 hours targeting civilian facilities across Yemen's capital Sanaa and the provinces of Taiz, Ibb, Lahj, Saada, and Amran.

According to Russia's Defense Ministry on October 17, Russian forces claimed control of 8 settlements across the Kharkov region over the past day. Russia said its air defense systems destroyed 654 Ukrainian drones and one HIMARS missile, while the Black Sea Fleet destroyed one Ukrainian naval drone. Ukraine's Armed Forces General Staff reported on the same day that Ukrainian air, missile, and artillery forces attacked Russian personnel positions and drone command centers, destroying 1 tank, 2 ar

According to The Guardian, Elon Musk agreed to settle two lawsuits filed in Austin, Texas on October 17 over his $1 million voter giveaway campaign. The settlement amount was not disclosed. The plaintiffs claimed the sweepstakes was fraudulent after evidence emerged that America PAC representatives stated the $1 million recipients were pre-selected rather than chosen randomly, contradicting Musk's public claims about the drawings being random.

According to a recently released working paper from the Bank for International Settlements (BIS), bank deposits and stablecoins like USDC function as portfolio substitutes. The study reveals that a 1-basis-point increase in bank deposit rates can reduce stablecoin market cap growth by approximately 3 percentage points, with USDC experiencing a more pronounced impact of up to 4.8%. The correlation is notably stronger for USDC than USDT, indicating that onshore factors play a significant role in U

According to Odaily, Circle founder and CEO Jeremy Allaire announced on X platform that USDC issuer Circle plans to expand to approximately 40 emerging markets in Southeast Asia, Latin America, Africa, and the Middle East.

According to Jin10, the U.S. Embassy in Riyadh issued a security warning to American citizens in Saudi Arabia on October 16, urging them to exercise caution and to prepare for potential flight cancellations and airspace closures. The warning follows multiple alerts issued by Washington in recent weeks regarding the security situation in Saudi Arabia.

According to Chainlink's official announcement, Chainlink launched its Fulcrum upgrade to enable financial institutions to borrow against tokenized assets with 24/7 collateral management across multiple blockchains. The upgrade allows institutions to leverage their securities for operational funding, strengthening Chainlink's position in the digital finance ecosystem.

According to Jin10, on October 17, an ammunition warehouse belonging to Iraq's Shiite militia Popular Mobilization Organization in eastern Baghdad exploded, resulting in multiple injuries, according to Iraqi security officials. The cause remains undetermined.

According to Iran's Islamic Revolutionary Guard Corps (IRGC), on October 17 (local time), two supertankers collided with mines in the Strait of Hormuz. The second vessel experienced a major explosion in its engine room, the IRGC stated, and was carrying over 2 million barrels of crude oil. The IRGC added that the tanker's location tracking and radar systems were disabled. Both incidents occurred as the vessels allegedly traveled through unauthorized routes in the waterway.

According to MarketWatch, hedge fund manager Thomas Hayes predicted on Thursday (October 15) that the S&P 500 will see a "monstrous bull market" over the next 6 months driven by the remaining 493 companies, not the Magnificent Seven tech giants. Hayes noted that while major indices remain flat, capital is shifting from AI infrastructure companies burning massive capex to those leveraging AI to improve efficiency and profit margins. He identified Comstock Resources, Alibaba, Crown Castle, and GXO

Palantir stock (NASDAQ: PLTR) closed Friday, October 16, at $186.03, falling 7.22% in a single session and marking a 12.6% decline from its October 12 record of $212.94. The decline extended the weekly loss to 11.01%, substantially outpacing the Nasdaq Composite's 4.5% drop. Goldman Sachs and Barclays had issued bullish recommendations just days earlier, with targets of $230 and $265 respectively, citing expanding AI business opportunities and strong profitability. The selloff coincided with bro

According to the Israeli Defense Forces, IDF troops eliminated four Hamas members across multiple areas in Gaza over the past several days.

On Thursday, nine blockchain organizations launched the Quantum Alliance, an open standards body designed to define what "quantum-ready" means and create standardized tests for quantum-resistance claims across networks, wallets and infrastructure. The Alliance cited forecasts pointing toward the late 2020s as the potential threat window, with models flagging March 2028 as an early estimate. According to the group, roughly 6.04 million BTC—approximately 30% of total supply—currently sits quantum-

According to Saudi-led coalition spokesperson Turki al-Maliki, on October 17, the coalition intercepted and destroyed four unmanned aircraft over Riyadh, eastern and southern regions of Saudi Arabia within the past several hours.

According to CNBC, the U.S. stock market declined sharply last week, with the Nasdaq falling 4.5% and the S&P 500 down 2%, while the Dow Jones Industrial Average gained 0.7%. The sell-off accelerated after September's consumer price index rose 3.7% year-over-year, exceeding the expected 3.6%, and the producer price index jumped 1.3% monthly and 6.3% annually. Tech stocks bore the brunt of the decline, with semiconductor stocks extending a losing streak to nine consecutive sessions and memory chi

According to Lighter's official X account, the project announced on October 17 it will host its third-quarter investor call on October 21 (Wednesday) at 1:30 p.m. ET. Founder Vladimir Novakovski will share project updates, followed by a question-and-answer session.

According to analysis reported in October, a cryptocurrency scammer lost approximately 60 BTC, worth $4.8 million, after depositing proceeds into compromised Ledger hardware wallets supplied through third-party sellers. The funds were subsequently drained to an attacker-controlled address. The incident emerged amid broader revelations that some Ledger devices circulating through unauthorized reseller channels had been physically modified before reaching buyers, potentially compromising the secur

According to Michael Saylor on X, this week at ParaFi Investor Day he discussed digital capital, credit and equity alongside Jeff Park in a fireside chat. Topics covered include bitcoin as digital capital, regulatory frameworks, bitcoin banking adoption, gold-backed credit restructuring, stablecoins, and product development in the digital currency and AI era.

According to Bloomberg, the S&P 500 fell 1.1% on October 16 (Friday), marking its largest weekly decline since June. The Nasdaq 100 dropped 2.5%, recording its worst weekly performance since April 2025.