Gate Crypto Flash News and Market Updates

According to Iran's state television, Iran showcased new unmanned aerial vehicles on October 22, with one model capable of carrying warheads weighing up to 100 kilograms with twice the destructive power of previous versions. The broadcast showed dozens of the drones stored in underground facilities. Iranian military commander Hatamai stated that Iran has achieved a considerable level of maturity in unmanned systems and will continue to introduce additional drone models in the future.

According to CMCC Global on October 22, the Hong Kong-based asset manager will tokenize units of its Crest and Liberty Bitcoin Accumulation funds using Tether's Hadron platform. Tokens will be issued and traded on Bitfinex Securities El Salvador, with subscriptions closing on October 30, 2026. The offering marks the first tokenized fund of funds under El Salvador's digital asset framework. Poland-listed BTCS SA, a digital asset treasury company, has agreed to back the launch and plans to allocat

According to Gate data, the USD/JPY exchange rate fell to 156.459 over the past 24 hours, declining 1.1%.

According to Cointelegraph, on Tuesday, U.S. Defense Secretary Pete Hegseth banned Pentagon and defense agency personnel from using non-public military information to place bets on prediction markets including Kalshi and Polymarket. The memo issued to senior defense officials stated the restriction applies to both classified and unclassified information, as such betting could expose military operations and compromise operational security and personnel judgment. The directive follows a case invol

According to Seoul Central District Court, yesterday (Oct 22), two separate divisions rejected lawsuits totaling over 1 trillion won filed by Youngpoong and MBK Partners against Kore Zinc executives. The court dismissed an approximately 837 billion won shareholder derivative suit filed by Youngpoong against Kore Zinc Chairman Choi Yun-bum and nine other board members, and rejected a roughly 300 billion won damages claim from MBK Partners' special-purpose entity related to the company's sale of H

According to HSBC Research, the bank downgraded its average price forecasts for platinum and palladium for 2026, citing changing market fundamentals and investor position reduction. The report noted both metals retain potential for rebound.

According to Etsy, the company will no longer allow merchants to sell AI-generated recipes and patterns on its marketplace as of Thursday. The ban covers "functional guides" created using AI, including crochet patterns, cooking recipes, and instructions typically sold as digital downloads. Sellers must now display unedited photos of actual items made using the instructions, not AI-generated or simulated images. The platform also prohibits bot-generated listings without human involvement and requ

According to CNBC, on October 22 during NVIDIA's GTC conference in Berlin, CEO Jensen Huang indicated that capital shortage, rather than lack of customer demand, is the key constraint limiting new cloud service providers' expansion. Huang stated that while demand for AI computing resources is extremely strong and emerging cloud operators possess solid technical capabilities, insufficient operating capital prevents them from scaling data centers and purchasing chips at the pace required. He cited

Alibaba Cloud announced on October 22 that .com domain registration prices will increase starting November 1, 2026, citing rising upstream registry costs. The first-year registration price for .com domains will be adjusted to 90 yuan, with renewal fees at 99 yuan and transfer-in fees at 90 yuan.

According to a16z, on Oct. 22, the venture firm renamed its crypto fund to a16z Frontier, expanding its investment focus beyond blockchain to artificial intelligence, robotics, and other emerging technologies. The fund, which grew from a $350 million launch in 2018 to $9.8 billion across five funds, will continue backing crypto and blockchain ventures. Managing partner Chris Dixon stated that as blockchain technology increasingly operates in the background, defining companies by their function r

According to Yonhap Infomax, on October 23, the USD/KRW exchange rate fell to the mid-1,320 Korean won level, marking its lowest point since October 2, 2024, amid global risk-off sentiment. Meta's AI over-investment concerns triggered a sharp sell-off in tech stocks, with the S&P 500 down 1.21%, Nasdaq down 2.60%, and the Philadelphia Semiconductor Index down 6.72%. The U.S. 10-year Treasury yield plunged 19.40 basis points to 4.952%, while the Japanese yen surged to 156.7 per dollar. Separately

According to the Financial Supervisory Service (FSC), South Korea's insurance regulator announced on Oct 23 revised guidelines on insurance product coverage limits to take effect for new policies starting 2027. The updated guidelines expand the application of coverage caps beyond minor illnesses to include surgeries, medical treatments, and diagnostic tests, while excluding severe diseases and injuries. Additionally, the FSC introduced a new requirement to factor in the number of days actually u

According to CNBC, Bill Ackman, CEO of Pershing Square, forecasted on Oct 22 that the U.S. stock market will enter a strong rally in 2027, provided that geopolitical conflicts end and inflation moderates. Ackman cited the Russia-Ukraine war, Middle East tensions, elevated inflation, and high interest rates as current headwinds constraining market gains. He stated that if energy prices decline significantly following a resolution of these conflicts, the impact would be "clearly positive" for infl

According to the Wall Street Journal, Trump called Musk on Wednesday (October 23) requesting the removal of speed limits on Starlink military services in Ukraine. Following the call, Starlink's operations improved on Thursday, though Ukrainian officials reported mixed results—some said speeds increased significantly, while others noted certain military units remained affected by throttling. U.S. Senator Richard Blumenthal (D-Connecticut) announced on Thursday an investigation into Starlink's una

According to international media reports, CBOT soybean oil futures closed higher on Thursday, October 23, with the benchmark contract gaining 1.2%, primarily driven by strength in international crude oil futures. Crude oil reached a five-month high amid concerns over energy supply disruptions following Houthi attacks on Saudi Arabia. Active spread trading, where traders simultaneously bought soybean oil and sold soybean meal, further supported soybean oil prices.

According to Japan's Statistics Bureau, Japan's core inflation index (excluding fresh food) rose 2.1% year-over-year in September, exceeding the Bank of Japan's 2% target for the first time in 2026. The core-core inflation rate (excluding fresh food and energy) reached 2.4%, reinforcing market expectations for a rate hike by the central bank in December. Overall CPI also rose 2.1% year-over-year.

According to CNBC, Spotify reported third-quarter 2026 revenue of €5 billion, up 16% year-over-year, beating market expectations. Gross margin improved to 33%, and operating income reached €672 million. Monthly active users grew 11% to 788 million, while premium subscribers increased 9% to 306 million. The company guided Q4 revenue at €5.2 billion, above Wall Street consensus of €5.08–5.1 billion. Spotify shares closed up 11.1% at $583.66 on the earnings announcement.

According to consensus forecasts by 11 securities firms compiled by Yonhapinfomax on October 23, Krafton's third-quarter operating profit is expected to decline 23.43% year-over-year to 266.9 billion Korean won, with revenue falling 27.74% to approximately 1.1121 trillion won. The decline follows the stabilization of Subnautica 2's launch effects in the previous quarter and reduced seasonal event releases. Netmarble is projected to report Q3 operating profit of 70.4 billion won, down 22.55% year

The U.S. Department of Commerce announced on Thursday (October 22) plans to provide up to $389 million in combined research funding to four companies to advance power semiconductors and critical materials technologies for nuclear fusion energy and AI data center applications. Helion, a fusion energy company, will receive the largest share at up to $175 million for developing high-voltage power semiconductors and advanced power modules for fusion reactors. Commonwealth Fusion Systems will receive

According to Bloomberg, citing Goldman Sachs Prime Brokerage data released today (October 22), hedge fund clients' global equity short positions have reached approximately five times their long positions, with short leverage hitting the 99th percentile over the past five years. Goldman Sachs warned that a market rebound could trigger a "short squeeze," where forced buybacks from short sellers rapidly accelerate stock prices upward, compounding losses for other short positions.