Gate Crypto Flash News and Market Updates

According to Stand With Crypto's official announcement, the organization mobilized 24 state chapters to advocate for crypto-friendly candidates across 21 races ahead of the November 3rd elections. The grassroots effort includes door-knocking and voter outreach to influence local elections and push for favorable cryptocurrency regulations. The CFTC also disclosed plans to establish a federally regulated crypto exchange, though Chairman Selig noted that comprehensive regulatory rules will require

According to CoinDesk, Citrini Research released a 79-page report titled "Breaking the Wall" today (October 17), arguing that tokenization of U.S. Treasury bonds, credit, and equities gives blockchain meaningful use. The report posits that tokenized assets could flow between applications like software and serve as collateral. Investment professionals diverged on who will profit: Christian Magoon of Amplify ETFs sees infrastructure providers as "on-chain toll collectors," while distribution chann

According to CoinGlass data cited by ChainCatcher, $222 million in crypto positions were liquidated in the past 24 hours, with long positions accounting for 72.3% of total liquidations ($160 million) versus $61.44 million in short liquidations. A total of 71,183 traders were liquidated during this period. Bitcoin saw $43.52 million in liquidations, while Ethereum experienced $36.32 million.

According to Bloomberg, SoftBank is considering acquiring Allied Universal, the largest U.S. security services company, with equity valuation around $18 billion today (October 17). Including the company's approximately $12 billion in publicly traded loans and debt, the total deal value could approach $30 billion. Discussions remain in early stages, with terms including price not yet finalized.

According to an analysis by Samuel Vance-Law from Decentralization Research Center published in CoinDesk today, the White House AI agreement signed by Nvidia, OpenAI, Anthropic, Google, Meta, and xAI on September 29 contains key loopholes. The accord lacks provisions on who selects auditors, what content can be reviewed, whether findings are disclosed, and any penalty for non-compliance, leaving companies to choose auditors and determine review scope independently. Vance-Law cited the 2000 Enron

According to Solana Foundation Chair Lily Liu, the foundation held its first capital markets summit in Shanghai on October 17, bringing together hundreds of capital allocators and builders from China and globally to discuss capital formation around innovation. Liu highlighted a significant market disparity, noting that Chinese publicly listed companies have a market capitalization only one-sixth that of comparable U.S. companies, with over 50,000 small and medium enterprises in China awaiting IP

According to ChainCatcher, StepFun launched the STEPX Neo smartphone on October 16, featuring an AI agent called Amoo embedded directly into its operating system rather than as a separate app. The device is priced at 3,999 yuan (approximately $560) and began pre-orders on October 13 across JD.com, Tmall, and Douyin. The AI agent operates on the Step AOS 1 system, which was designed from the ground up to support agent functionality. Amoo can perform tasks autonomously—such as booking rides or pay

According to The Verge on October 17, Meta removed language from its commercial terms that legal experts say could have allowed the company to scrape news sites to train its AI systems. The deletion came after criticism from outlets like Neiman Lab and legal scholars who interpreted the previous wording as granting Meta broad rights to use scraped content for AI development, potentially overriding robots.txt instructions. Meta spokespersons clarified that the updated terms applied only to ads an

According to ChainCatcher, JustLend DAO completed its fifth JST token buyback and burn on October 16, 2026 (SGT), destroying 170,723,144 JST. All tokens have been transferred to a burn address and all transactions are verifiable on-chain.

AION declined 16.66% in one hour to trade at $0.00009989, down from an earlier high of $0.00011986. The cryptocurrency's 24-hour loss reached 14.55%, with a market cap of $56,719 and 24-hour trading volume of approximately $32,891.

According to Jin10, Egypt's parliament will convene a special session on Sunday, October 19, at the request of the Egyptian president to discuss regional developments and Cairo's stance on supporting Saudi Arabia's security and stability.

According to Yemen's armed forces, 190 Houthi armored and combat vehicles were destroyed over the past 24 hours.

On October 16, Solana Foundation postponed Solana Accelerate China, a major developer event scheduled to take place in Shanghai, shortly before it began. According to Solana Foundation president Lily Liu, registrations had increased dramatically and exceeded the venue's permitted capacity. Organisers attributed the postponement to attendance and venue compliance requirements rather than regulatory intervention. The replacement date for the gathering has not yet been announced.

According to The Verge, Instagram head Adam Mosseri said today (Oct 17) the platform is working on how to handle AI-generated content plaguing the platform. AI accounts have been stealing comedians' jokes and reposting painters' process videos that rack up millions of views. Mosseri acknowledged it is not practical to ban AI outright but noted Instagram faces challenges with content that isn't covered by copyright laws, such as jokes.

According to cryptocurrency podcast host Andy on October 17, an AI product designed for institutional on-chain asset management will be released within days, featuring embedded risk management strategies. The tool has already been piloted with several cryptocurrency funds and asset management firms.

According to FinanceFeeds, on October 13, the U.S. Securities and Exchange Commission approved Cboe Global Markets' proposal to list binary options tied to corporate key performance indicators across 23 publicly traded companies. The cash-settled contracts will track metrics including Coinbase Global's trading volume, Robinhood Markets' funded customer accounts and revenue, and MARA Holdings' bitcoin production. Investors can take yes-or-no positions on whether specific financial or operating re

USDD announced on Oct. 17 that it is adding 16,000 USDD in incentives to the ongoing Gate DEX Bonus campaign spanning Ethereum and BNB Chain, raising the total reward pool to 154,000 USDD. The enhanced campaign runs from Oct. 18 at 6 p.m. Singapore time through Nov. 27 at 6 p.m. On Ethereum, daily rewards increase from 1,000 USDD to 1,200 USDD with a pool of 68,000 USDD. On BNB Chain, daily rewards rise from 1,300 USDD to 1,500 USDD with a pool of 86,000 USDD. Existing participants will have the

According to Odaily, on October 17, a contract address with cumulative profits exceeding $128 million closed approximately $10.35 million worth of ETH short positions between 21:37 and 22:01 UTC, realizing a loss of about $207,000. The address's remaining ETH short position value decreased from approximately $208 million to $198 million.

According to PANews, on October 17, Franklin Templeton's digital assets division announced five recruitment positions: digital asset product strategy lead, Franklin Crypto fundraising lead, Franklin Crypto private credit lead, digital audience engagement program manager, and vice president of crypto market business development. Recruitment links were posted in official comments.

According to BitPinas, Coinsph said its VASP and EMI licenses remain valid, responding to reports that the Philippine crypto exchange faced license revocation risks due to alleged involvement with offshore betting operations. The platform denied providing services to unlicensed offshore gambling operators. Coinsph noted that central bank restrictions only apply to Philippine peso deposits via InstaPay and PESONet, while crypto trading and withdrawals continue normally. The company acknowledged t