Gate Crypto Flash News and Market Updates

According to ChainCatcher, U.S. hot-rolled steel prices surged to their highest level in over four years on October 16, rising 52% to $1,255 per short ton. The increase follows Trump's tariff policy, which restricts foreign steel supply and lifts domestic production incentives while raising input costs for manufacturers.

Canada's housing starts reached 248,900 units in September, surpassing the forecast of 232,500 units and the prior month's 229,000 units.

According to Guru Club, Bank of Japan Governor Ueda Kazuo stated today (October 16) that there is no evidence suggesting the neutral interest rate is near a specific level, and the central bank cannot tolerate potential inflation rising further above 2%.

According to CryptoTwitter commentator @SolanaFloor, Solana's monthly stablecoin spending surged to $113.9 million, representing a 478% increase over the past year. The monthly volume reached an all-time high excluding June, reflecting growing adoption of Solana's blockchain for digital transactions.

On October 15, 2026, Intel stock closed at $95.37, down $2.75, or 2.80 percent, from the previous day's $98.12. The close fell below analyst price targets: Nasdaq's $114.50 one-year target, the S&P Global average of $118.05 from 49 analysts, and MarketBeat's $109.06 average from fifty brokerages. According to Intel's official statement, the company will report third-quarter results after the market close on October 29, with results guided to $15.8 billion to $16.8 billion in revenue. Two workers

According to the Hong Kong Stock Exchange, The Capital Group Companies, Inc. increased its stake in Shenzhou International (02313) by 1.1286 million shares on October 14 at HK$36.09 per share, totaling approximately HK$407.32 million. The company's total holding now stands at approximately 75.46 million shares, representing 5.02% of the company.

According to Hong Kong Exchange data, on October 15, Hong Ze-jun increased his holdings in Haipur (09989) by 487,000 shares at HK$3.97 per share, with a transaction value of approximately HK$1.93 million. Following the purchase, his total shareholding reached approximately 31.26 million shares, representing a 14.20% stake in the company.

According to Hong Kong Exchanges and Clearing, JPMorgan Chase & Co. increased its holdings in Shenzhou International (02313) by 409,984 shares at HKD 35.10 per share on October 12, with a total transaction value of approximately HKD 14.39 million. Following the transaction, JPMorgan Chase's total shareholding in Shenzhou International reached approximately 105 million shares, representing a 7.01% stake in the company.

According to Strategy on October 16, the company announced conditional approval to switch its Variable Rate Series A Perpetual Preferred Stock STRC to daily dividend distributions starting November 1, 2026, maintaining a 12.00% annualized dividend rate throughout November. The change is contingent on shareholder approval at a special shareholder meeting on October 28 and completion of related amendments to the preferred stock terms. Currently, STRC distributes dividends twice monthly; the new st

According to Yonhap Infomax, NVIDIA today released RTX Spark notebooks through six partners including Asus, Dell, HP, Lenovo, Microsoft, and MSI. The laptops integrate NVIDIA's Blackwell GPU and Grace CPU with 128GB unified memory and 1 PFLOPS (FP4) AI performance, enabling LLMs and AI agents to run locally without cloud connectivity. The notebooks support 8K video editing, up to 90GB 3D scene rendering, and 100+ FPS gaming at 1440p resolution without power connection. Adobe Photoshop, Premiere,

According to Asus, the ProArt P16 will launch in Singapore on October 30, 2026, starting at S$6,599 (US$5,200). The laptop features Nvidia's RTX Spark superchip and supports up to 128GB of unified memory, targeting creators and developers with on-device AI capabilities. The device will be available through Asus's online store and authorized retailers in Singapore.

According to Bloomberg, Taiwan is raising at least $4 billion through the Taiwan Electrical and Electronic Manufacturers' Association to build an industrial park in Texas. The project is designed to support countless smaller manufacturers crucial to the supply chains of TSMC, Foxconn, and other major Taiwanese chipmakers. Taiwan's Ministry of Economic Affairs stated the initiative aims to establish a long-term, sustainable supply chain that welcomes American firms and local workers alongside Tai

Earlier this week, shares of French satellite operator Eutelsat soared 25% following SpaceX's imposition of new restrictions on its military-grade Starlink service to Ukraine. The limitations, which blocked Ukrainian military access to Starshield systems mid-operation, drew sharp criticism from Kyiv, with President Volodymyr Zelenskyy stating the service was "switched off" in the night, disrupting drone operations and contributing to civilian casualties. Elon Musk attributed the restrictions to

According to Allium's latest report, stablecoin payments grew 45% to $482 billion in the first nine months of 2026, with transaction volume surging 71% to 1.04 billion. The average transaction size fell from $544 to $462. Stablecoin supply increased just 0.4% to $305 billion over the same period. Q3 payments rose 51% year-over-year, reaching a monthly record of $72 billion in September. Tether, Circle, and Ethena all saw declining supplies, while other issuers added a combined $6.9 billion.

Bank of Japan Governor Kazuo Ueda said this week's meetings' main takeaway was exchanging views with other policymakers on how the Middle East conflict and artificial intelligence demand could affect the global and Japanese economies and inflation.

According to Shanghai Gold Exchange, gold T+D rose 1.29% to 901.07 yuan per gram during evening trading on Oct 16, while silver T+D climbed 2.58% to 14,025.0 yuan per kilogram.

According to Fidelity Investments director of global macro Jurrien Timmer, Bitcoin could reach $300,000 by 2029, representing 266% upside from its current level near $82,000 on October 16. The analyst's long-term valuation model also targets an intermediate objective of $100,000, implying 22% near-term upside. Timmer identifies $86,000 as critical resistance; sustained movement above this level would strengthen the bullish case. Institutional demand remains a concern, with US spot Bitcoin ETFs r

According to HTX, Celestia (TIA) rose over 30% in the past 24 hours, trading at $0.6956.

According to Odaily, Strive expanded its SATS perpetual preferred stock offering to 7 million shares at $90 per share, targeting approximately $630 million in total proceeds, with settlement expected around October 20. The preferred shares carry a 15% annual dividend rate. Proceeds will be used to purchase Bitcoin; if fully deployed, Strive could become the second-largest publicly listed Bitcoin reserve holder globally, after MicroStrategy.

According to The Block, Mizuho Bank, Bank of Tokyo-Mitsubishi UFJ (MUFG), and Sumitomo Mitsui Banking Corporation (SMBC) have recently completed a Japanese yen stablecoin pilot in collaboration with Mitsubishi UFJ Trust Bank and TISI. The test successfully validated the issuance, transfer, and redemption processes of the JPY stablecoin using Mitsubishi Corporation's domestic and overseas business locations as cross-border payment scenarios, demonstrating technical feasibility for enterprise adop