Gate Crypto Flash News and Market Updates

Gold prices have recently hit their lowest levels in more than two months, with silver plunging over 6%. The decline comes as U.S. Treasury yields attracted safe-haven inflows. The price movements reflect broader market concerns, including recent statements from former U.S. officials regarding potential escalation in the Iran situation.

According to Odaily, HSBC launched its stablecoin RedCoin on October 22, enabling 3.3 million PayMe users to make payments at 100,000 merchants. To celebrate the launch, users can claim transaction vouchers and cash rewards. The bank also announced plans to add a stablecoin wallet to its HSBC Hong Kong mobile banking app later this year, allowing users to use RedCoin to purchase tokenized investment products including HSBC Hong Kong dollar money market funds, with a minimum subscription amount o

According to Odaily, Kraken's xStocks product line has expanded to cover more than 1,000 tokenized stocks, up from 131 previously offered. The xStocks product provides users with price exposure to equities without conferring shareholder rights. The product remains unavailable to U.S. users.

SpaceX canceled its Starlink launch today (Oct 22) due to unfavorable weather conditions. The company said the next launch window is scheduled for October 23.

According to the Financial Services Commission, South Korea announced on October 23 regulatory changes to strengthen oversight of credit-specialized financial companies. Real estate-related lending, including project financing, will be capped at 50% of total loans, down from previous category-specific limits of 30% each. Payment gateway (PG) operators must now undergo mandatory quarterly risk assessments evaluating settlement status, illegal transactions, and financial metrics. The regulator als

According to media reports, Moderna's stock plunged 17% today (Oct 22), marking the largest decline in the S&P 500, following an unexpected leak of trial data for Intismeran, an mRNA melanoma vaccine co-developed with Merck. The trial data briefly appeared on OncologyCentral website before the companies' scheduled Saturday presentation at the European Society for Medical Oncology conference. Merck's stock fell nearly 2%. Moderna and Merck subsequently announced the Phase 3 trial results showed I

According to Yonhap Infomax, South Korean securities firms are tightening credit trading restrictions on Samsung Electronics and SK Hynix from October 26 due to concentrated margin financing in these stocks. Shinhan Securities reduced credit limits to 300 million won from 2 billion won per share, Hana Securities blocked new margin purchases, and Samsung Securities raised Samsung's margin deposit ratio to 50% from 45%. As of end-September, semiconductor stocks accounted for 10.4 trillion won of K

According to Yicai, China's Tianjin No. 2 Intermediate People's Court on September 28 filed a motion to confiscate more than 61,800 Bitcoin linked to a $5.7 billion investment fraud involving over 102,000 investors. The court also seeks Bitcoin Cash, Bitcoin Gold, Bitcoin SV, XRP, Dogecoin, cash, jewelry, and other assets purchased with fraud proceeds. On October 12, UK High Court judge Mark Turner ruled that Chinese law governs victims' claims, but stopped short of determining individual owners

According to Roundtable CEO James Heckman and Coinbase Head of Institutional Strategy John D'Agostino, the real-time USDC settlement system went live on Sept. 23, enabling publishers to receive ad revenue in minutes instead of 90 days. The partnership addresses persistent payment delays in digital media, where 58% of payments arrived late in H1 2025, with 18% more than 15 days overdue, according to OAREX data. USDC, a stablecoin with a market value of $72.6 billion, settles in seconds compared t

According to Morpho's announcement, Robinhood Stock Tokens are now live on Morpho's credit network, allowing users to borrow stablecoins using these tokens as collateral. The integration enables any application to access decentralized credit markets for Stock Tokens, combining Morpho's credit infrastructure with Robinhood Chain's tokenization platform.

The Digital Chamber submitted a response to the SEC's proposed regulations on crypto assets, incorporating insights from industry stakeholders. The organization will host a webinar on October 29 at 1 PM ET to discuss the implications of its feedback and the regulatory framework.

According to Investing.com and CNBC, Bloom Energy (NYSE: BE) on October 22 reported Q3 adjusted earnings per share of $0.94, beating Wall Street consensus of $0.69 by 36 percent. Revenue reached $1.24 billion, surpassing expectations of $1.06 billion. The fuel cell and data center power solutions company also raised its full-year revenue guidance to $4.4–4.6 billion and adjusted EPS guidance to $3.10–3.40, above consensus expectations of $2.71. This marks the company's third guidance increase th

According to Barron's, Western Digital shares plunged 6.4% on Thursday (October 22) and fell nearly 5% post-market, despite the hard drive maker beating fiscal 2027 first-quarter earnings expectations. The company reported adjusted EPS of $4.64, above analyst consensus of $4.11, and revenue of $4.4 billion versus expected $4.1 billion. Adjusted gross margin expanded to 58.1% from 54.4% in the prior quarter. WDC guided second-quarter revenue to $5.1 billion (plus or minus $100 million), exceeding

Recently, J. Benjamin Greenberg, a shareholder of Circle Internet Group Inc., sued U.S. President Donald Trump and World Liberty Financial, a cryptocurrency venture Trump co-founded with his son, alleging violations of the constitutional foreign payment clause. According to the lawsuit, Trump engaged in illegal competition through World Liberty Financial and violated the Constitution's foreign emoluments clause in two transactions with the United Arab Emirates. Greenberg claims the illegal compe

According to music management company Reservoir, Anthropic PBC faced a lawsuit on October 23 for allegedly using copyrighted song lyrics without authorization or payment to train its Claude AI model. Reservoir claims the infringement is ongoing, with Claude's generated outputs reproducing copyrighted songs nearly in full, including works held by Reservoir. Reservoir is seeking statutory damages, a permanent injunction, and other relief, arguing that Anthropic's actions damaged its copyright lice

October 22, Beijing time, marks a data-heavy day across global markets. Key releases include Japan's September CPI at 07:30, followed by October PMI readings from Japan (08:30), India (13:00), France (15:15), Germany (15:30), the Eurozone (16:00), and the UK (16:30). Later, Russia's central bank announces its rate decision at 18:30, while the U.S. will release October service and manufacturing PMI at 21:45 and the University of Michigan consumer sentiment index at 22:00. Additionally, on Sunday,

According to TheStreet, four years after Warren Buffett said on April 30, 2022, that he would not pay $25 for all Bitcoin in the world, the entire Bitcoin market is now valued at approximately $1.7 trillion. With roughly 20.1 million coins in circulation, Bitcoin is currently trading near $84,000 per coin, and reached a record high near $126,000 in October 2025.

According to analysis from @TheFlowHorse, the S&P 500's 20-week average currently rests at 7,583, a critical level that will determine whether the uptrend sustains or a regime change occurs. A breach below this level could trigger increased selling pressure and shift market sentiment. Recent market dynamics show the S&P 500 fell 1.2% while the Nasdaq 100 dropped 2.9%, though the average stock ended the day in positive territory. The Federal Open Market Committee meets next Wednesday, with trader

According to Jin10, over the past 24 hours on October 23, Russia claimed Ukraine struck Belgorod Region, causing one death and one injury. President Zelensky stated Russia fired 21 missiles at Kyiv following talks with Trump's envoy. Since October 11, Ukrainian energy infrastructure has endured over 170 attacks. On the diplomatic front, Putin signaled willingness to resume three-way Russia-U.S.-Ukraine talks. Zelensky said Ukraine is ready for peace negotiations during the G20 summit but has not

On Thursday (Oct 22), the Magnificent 7 technology index fell 2.73% to close at 228.92 points. Meta Platforms led declines with a 6.98% drop, followed by Amazon and Nvidia, each down up to 4.57%. Google and Tesla fell up to 3.15%, while Microsoft dropped 2.23%. Apple was the sole gainer among the seven, rising 1.23%.