Gate Crypto Flash News and Market Updates

According to Kyodo News, Mitsubishi UFJ Financial Group (MUFG) has suspended certain services on October 22 to address a PHP vulnerability. The bank did not disclose specific details about the scope or duration of the outage.

According to Yonhap Infomax, POSCO Future M signed a contract with U.S. software firm Palantir on October 22 to deploy data analytics platform Foundry and AI platform AIP. The South Korean battery materials company expects the AI adoption to improve business responsiveness by over 60%, increase manufacturing productivity by 30%, and cut product development cycles in half.

According to Guru Club, Apple futures contract 2710 hit the daily limit up on October 22, surging 16% to 6,712 yuan per ton.

According to Hong Kong Stock Exchange records, on October 21, Zhongtai Fengxing International Holdings (09689) saw a significant stake movement with total deposit value reaching HK$37.12 million, representing 6.59% ownership. A shareholder deposited 73.5 million shares into Shuoxiong Securities, increasing their holding by 6.59%. The company also announced it entered into purchase agreements with Zhuhai Huafeng Petrochemical Co., Ltd. for supply of refined oil and fuel oil products. On October 1

According to Hong Kong Stock Exchange data, on October 21, Huicai Financial Investment (08018) experienced a warehouse position change valued at HKD 1.0872 million, representing 5.39% of the position. The company's shareholder transferred 27.18 million shares from Zhejiang Commercial International Finance to Ruanku China Financial Services. The company previously announced mid-year 2026 results with revenue of HKD 24.291 million, up 7.98% year-on-year, and a loss attributable to owners of HKD 1.

According to Hong Kong Exchange disclosure and company announcement, Pujiang China (01417) completed its share placement on October 21, with all prerequisite conditions satisfied. The placement agent successfully placed 33 million shares at HK$4.00 per share to no fewer than six placees. Additionally, a shareholder deposited 32.946 million shares with Futu Securities International Hong Kong, bringing total custodied holdings to HK$165 million, representing 8.15% of the company.

According to the Wall Street Journal and data analyst Kpler, Iran's strategic reserves of crude oil stored aboard dozens of shadow tankers in Asian waters have been completely depleted as of mid-October. The exhaustion of these reserves resulted from a U.S. naval blockade that has prevented Tehran from replenishing its crude oil supplies, cutting off a source of billions of dollars in revenue previously generated through oil sales.

According to a Cato Institute report released on October 22, researchers Ryan Bourne and Nathan Miller criticized U.S. President Donald Trump's recent comments endorsing inflation as a means to reduce national debt. The economists noted that while inflation can theoretically lower real debt burdens by reducing the value of fixed-rate Treasury obligations, such an approach would ultimately harm existing bond holders, pension funds, and retirees. The researchers pointed out that the average maturi

Last week (Oct 12-16), South Korea's KOSPI index fell 14.5% amid global concerns over the sustainability of AI investments, while Taiwan's weighted index declined 4.5%, according to analysts at HSBC and State Street. HSBC strategist Prerna Garg attributed the steeper decline in Korea to its higher concentration of memory semiconductor manufacturing—a more cyclical segment than Taiwan's advanced-process chipmaking—and weaker retail investor sentiment. State Street noted that Korea's major memory

According to Aave founder Stani Kulechov, Aave recently launched its V4 platform featuring integration with Coinbase Tokenized Stocks. The integration aims to enhance liquidity within decentralized finance by enabling users to trade tokenized equities in a decentralized manner.

According to USTreasury, the official Treasury account recently retweeted a post by Secretary of the Treasury Scott Bessent discussing U.S. economic expansion. The tweet, which attributed growth to proactive trade policies and deregulation, received 4,176 likes and 1,150 retweets. The amplification signals government support for current economic policies.

According to SWIFT data, the Chinese yuan accounted for 3.33% of global SWIFT payments in September, up from 3.26% in the previous month.

According to Ark Invest Tracker, ARK Invest on October 21 increased positions in nuclear energy stocks X-Energy and Oklo, as well as gene editing stock Scribe Therapeutics, while reducing its Shopify holdings across multiple ETFs. X-Energy saw combined purchases of 200,347 shares across ARKQ and ARKX, Oklo received 42,230 shares in ARKQ, and Scribe Therapeutics gained 199,698 shares in ARKG. Shopify was reduced by a combined 17,053 shares across ARKK and ARKW.

In early trading on October 22, China's commodity futures showed mixed performance. Polysilicon led declines with a drop exceeding 3%, followed by lithium carbonate, caustic soda, and liquefied petroleum gas (LPG), each falling over 2%. Shanghai nickel rose nearly 3%, while styrene (EB) and stainless steel (SS) gained over 2%.

According to Hong Kong Exchanges and Clearing data, on October 21, a shareholder of Dung Kee International (00329) placed 300 million ordinary shares with Kai Jia Securities Asia, increasing their holding by 20.01%. The deposit position totaled 49.7917 million Hong Kong dollars, representing 20% of total pledged positions. The placement was completed under a subscription agreement dated October 5, 2026.

The American Bankers Association (ABA) criticized the final rule issued by the U.S. Office of the Comptroller of the Currency (OCC) for the GENIUS Act, stating that OCC's decision to remove proposed yield restrictions on stablecoins would maintain existing business models for crypto platforms. ABA's CEO warned that attempting to address the issue after deposit outflows and economic damage occur is not the correct approach.

According to Jin10 Futures, gold and silver prices entered range-bound trading on October 22, with holdings declining amid U.S. Federal Reserve meeting expectations. SPDR gold holdings decreased 2.566 tonnes, while SLV silver holdings fell 19.66 tonnes. The gold-silver ratio stood at 71.68. Technically, prices found support near previous lows but faced headwinds from interest rate expectations and U.S. Treasury yields. The Shanghai gold futures spread narrowed to 2.23 yuan per gram.

According to the Financial Times, U.S. Treasury Secretary Janet Bessent said Wednesday, October 21, that she sees no systemic risk in the artificial intelligence industry, dismissing comparisons between the AI boom and the dot-com bubble by invoking the failed pet supplies retailer Pets.com. The remarks came during a closed-door gathering in New York co-hosted by JPMorgan Chase and the Robin Hood Foundation, where Bessent told hundreds of financial executives and investors that she is skilled at

According to TIKR, Bloom Energy (NYSE:BE) stock rose 7.13% to close at $238.53 on October 21, boosted by comments from SpaceX CEO Elon Musk during the company's Q3 earnings call. Musk stated that power and cooling, rather than semiconductors, represent the primary bottleneck for AI development, and that SpaceX plans to secure 20 gigawatts of power and cooling capacity by end of 2027. Wall Street is also closely watching Bloom Energy's Q3 earnings release expected after market close on October 22

According to Hong Kong Stock Exchange records, Shenghuo Technologies (02476) saw a position transfer totaling HK$646 million, accounting for 3.74% of holdings, yesterday (October 21). The company's shareholders transferred 1.4448 million shares to Citibank and 1.3046 million shares from Standard Chartered (Hong Kong). The company also announced that Chairman Chen Tao proposed a share buyback program of A-shares on the Shenzhen Stock Exchange, with a budget between 150 million and 300 million yua