Gate Crypto Flash News and Market Updates

According to Odaily, GasFree announced on October 16 that it has reached 500,871 users with over 500,000 cumulative token transfers supported. The platform allows users to pay transaction fees directly with USDT instead of holding TRX as gas. The experience has been extended to USDD, and Binance Web3 Wallet now supports TRC-20 token transfers powered by GasFree.

According to AP News and other foreign media, President Trump signed an executive order on October 17 suspending the implementation of Russia sanctions that Congress had passed. Secretary of State Marco Rubio announced a 60-day review period to assess the economic impact of the sanctions and tariffs on the U.S. and global economy before final policy decisions are made. The move drew criticism from within the Republican Party, with Senator Ted Cruz calling it a mistake, arguing that fuel prices c

According to ECB President Christine Lagarde, in recent remarks, war is creating upward pressure on inflation, while economic growth faces downside risks. She emphasized that fiscal sustainability remains a critical pillar of overall economic stability, calling on governments to ensure fiscal measures responding to energy shocks are temporary, targeted, and tailored. To address the combined threats of rising inflation and slowing growth, Lagarde stated policymakers should adopt measured policy s

According to the People's Bank of China website, during the IMF/World Bank Annual Meetings (October 14-16), PBoC Governor Pan Gongsheng met with central bank leaders from Thailand, Indonesia, Malaysia, India, Australia, Turkey, Egypt, Nigeria, and Georgia to exchange views on global economic conditions and deepen bilateral financial cooperation. PBoC Deputy Governor Xuan Changkang attended the meetings.

According to BlockBeats, on October 18, Mark Newton, an analyst at Tom Lee's fund, recommended buying technology stocks on market dips while maintaining diversified exposure. The S&P 500 has declined approximately 6% recently, with the technology sector experiencing notable weakness over the past week. Newton cautioned investors to prepare for sector rotation and avoid overconcentration in tech despite the near-term pullback.

According to Yonhapinfomax, the Korean won fell to 1,328.90 against the U.S. dollar this week, reaching its lowest level in two years as foreign investors dumped stocks following a market downturn and tech sector selloff. The currency decline was partially offset by strong export hedging flows from semiconductor companies. Market focus will shift to the Bank of Korea's monetary policy decision scheduled for October 22, with all 15 surveyed financial institutions expecting the central bank to hol

According to the Financial Times, as of October 18, Russian shadow tankers in the Black Sea are employing coordinated positioning system deception to hide navigation tracks and protect vessels from attacks. At least 12 sanctioned oil tankers appear to use identical equipment, transmitting false and unchanging position data even when vessels operate hundreds of miles away, according to Ollie Ballinger, a shadow fleet tracking expert at University College London. Ballinger's recent tracking identi

According to ChainCatcher, citing data platform Liquid247.xyz, Hyperliquid address 0xecb63c...2b00 currently holds 10,046.13 ETH short positions with a notional value of $24,232,300. At the time of reporting, ETH was trading at $2,412.10.

According to Coinglass data cited by PANews, over the past seven days ending October 18, centralized exchanges recorded net inflows of 8,237.43 BTC. Binance led with 6,463.61 BTC inflows, while OKX received 2,089.15 BTC. Coinbase Pro saw outflows of 1,399.39 BTC during the same period.

According to Larry McDonald, a Wall Street veteran and author of The Bear Traps Report, the U.S. stock market is experiencing an 'internal breakdown' despite the S&P 500 reaching new highs. McDonald noted that many stocks have declined sharply, including Harley-Davidson (down 30%-40%) and Lennar (down 45%). He attributed this divergence between index gains and individual stock losses to passive investment flows concentrating capital in mega-cap tech stocks while individual stocks face selling pr

According to its legislative announcement, France's National Assembly passed a crypto exchange tax amendment with a narrow vote on October 18, set to take effect in 2027. The measure will tax cryptocurrency-to-stablecoin conversions in the country. Meanwhile, South Korea's government is convening the five major crypto exchanges on October 20 to solicit feedback on a proposed 22% crypto tax scheduled for 2027. In a parallel development, pump.fun has launched perpetual futures trading on Hyperliqu

According to Odaily, DeepSeek today launched its new large language model version V4.1 Flash-1017. The model reduces Token consumption by over 50% across most scenarios compared to the previous version through optimized compression and adaptive decoding strategies. DeepSeek maintained the original API pricing while delivering a cost-per-task advantage of 40–50 times compared to similar models like Fable and Astra.

NVIDIA launched RTX Spark laptops globally on October 16, featuring the Nemotron 3.5 Bolt model compressed from its original 148GB to 22.1GB, a reduction of 85 percent. The 74-billion-parameter model enables local AI agent deployment on devices with up to 128GB unified memory, allowing file operations and code modifications to run directly on laptops without cloud dependencies. On RTX Spark's flagship configuration, Bolt achieved approximately 84 tokens per second during code generation tasks. T

According to intelligence from market sources reported by Guolian Securities on October 18, Hong Kong's IPO market saw 115 companies listed in the first nine months of 2026, raising a total of 385.7 billion HKD. This fundraising volume surpasses the full-year record from any year since 2011. Deloitte and KPMG recently projected that Hong Kong's full-year 2026 IPO financing could approach 500 billion HKD. The top three underwriters' combined market share reached 42%, while the Securities and Futu

According to Solana's official announcement, the network facilitated 557 million stablecoin transfers in September, marking a 33% increase from August. The platform averaged 18.6 million transfers daily.

According to St. Petersburg Governor Beglov, Ukrainian drones struck the city's oil terminal early on October 18, triggering fires. No casualties have been reported. The attack also damaged civilian infrastructure across four districts of the city, with emergency services conducting firefighting operations. In response, operations at Pulkovo Airport have been restricted for safety reasons, and mobile internet services in St. Petersburg may experience disruptions. Russian state news agency TASS r

According to UK Maritime Trade Operations, a southbound tugboat was struck by two unidentified projectiles northeast of Khor Fakkan, UAE, on October 18. The vessel sustained damage but continued on its planned route.

According to Farside Investors data cited by BlockBeats, U.S. spot Bitcoin ETFs recorded net outflows of $228.4 million this week. IBIT led outflows at $165.4 million, followed by FBTC with $60.2 million, BTC with $7.6 million, and BTCO with $4.1 million. MSBT and BITB saw net inflows of $6.7 million and $2.2 million, respectively.

According to ChainCatcher, El Salvador's Bitcoin holdings surpassed 7,808 BTC over the past 30 days, with the government adding 8 BTC in the last 7 days. The total value of its Bitcoin holdings reached approximately $638 million.

According to PRNewswire, Hyperscale Data, a publicly listed U.S. company, announced it has completed the tokenization of 5,000 troy ounces (approximately 155.5 kg) of physical silver through its wholly-owned subsidiary Ault Global Commodities. The tokenized silver has been listed on the Ault Markets platform, with trading expected to begin within weeks.