Gate Crypto Flash News and Market Updates

According to Jin10 data, gold jewelry prices in China showed little change on October 17 compared to the previous day. Most brands' pure gold jewelry (足金) prices hovered around 1,250 yuan per gram.

According to ChainCatcher, Google's Willow quantum chip reduced the error rate for preparing Magic States (a key resource for quantum computing) by approximately 40 times using its "Cultivation" method, with findings published in Science this week. The experiment achieved around 99.99% state fidelity, though only approximately 8% of attempts passed selection. Google previously estimated that future quantum computers could break Bitcoin and Ethereum wallet cryptography with fewer than 500,000 phy

According to CZ's statement on X, the Binance founder recently tested an AI tool to clean up past retweets and clarified that he did not delete any original posts. CZ dismissed concerns over the mass deletion, stating there was no need for over-interpretation of his account activity.

According to RootData, Nillion (NIL) will unlock approximately 16.15 million tokens worth around $1.34 million on October 24 at 00:00 Beijing time, based on the Web3 asset data platform's token unlock schedule.

According to RootData, SoSoValue (SOSO) will unlock approximately 25.96 million tokens valued at roughly $7.82 million on October 24 at 10:00 a.m. Beijing time.

According to BlockBeats, Nasdaq-100 fell 5.5% this week on October 17, marking the largest weekly decline since April 2025, while the Philadelphia Semiconductor Index extended an eight-day losing streak—the longest since 2008—with losses around 16%. AI infrastructure provider CoreWeave's bond yields surged past 15%, raising concerns over financing costs and capital expenditure returns. CoreWeave shares dropped 12% Friday and have fallen over 50% from yearly highs. Simultaneously, Brent crude cli

According to Ai 姨 monitoring, a whale address withdrew 2.455 million ONDO from Binance 12 hours ago, valued at $1.144 million. The tokens were withdrawn at an average price of $0.4662 per ONDO. The address currently holds multiple altcoins worth $9.218 million in total, including UNI and LTC positions with accumulated losses.

According to Jensen Huang on the BG2 podcast this week, Nvidia and SpaceX are exploring space-based data centers, with their engineering teams co-developing a new type of server architecture for use both in orbit and on Earth. Huang noted that Nvidia now counts SpaceX alongside its cloud service provider customers, and that Elon Musk is "far better than almost anyone expects" at overseeing such infrastructure projects. The initiative is expected to reach volume production next year.

According to official announcement, PhotonPay has received the Electronic Money Institution (EMI) license from the UK Financial Conduct Authority (FCA) on October 17. The license permits PhotonPay to issue electronic money and provide payment services under the UK regulatory framework, strengthening its compliance infrastructure in the UK and European markets.

According to ChainCatcher, U.S. District Judge Alvin Hellerstein rejected Gemini's request to vacate its $5 million settlement agreement with the CFTC on October 15, 2026. The penalties already paid and permanent ban on Gemini remain in effect. The CFTC had jointly filed the dismissal request in May 2026, citing credibility concerns and enforcement practice issues, but the judge determined that such circumstances existed prior to the settlement and did not constitute sufficient grounds to overtu

According to BlockBeats, on October 17, Apple stated that pre-order demand for its first foldable iPhone Duo was "extraordinary," with shipment timelines slipping from November to December, then further pushed to January 2027. The delay affects all storage configurations (256GB to 2TB) and colors. Apple said it aims to enhance delivery efficiency, with the first batch launching on October 23.

Sui announced on X that Slush has integrated Halliday, allowing users to deposit tokens from 25 blockchains or use fiat channels including bank cards, bank transfers, and Apple Pay. Users can receive SUI or USDC in Slush and initiate transactions by clicking the Buy button.

According to a Sentora survey conducted in 2026, about three-quarters of U.S. digital asset holders want to manage their crypto holdings through their banks.

According to Benzinga, Future Fund partner Gary Black warned Tesla investors on Thursday to stop hyping a potential merger with Elon Musk's SpaceX. Black stated that "Tesla bulls should cease promoting a Tesla-SpaceX deal," cautioning that arbitrage traders would erode any shareholder premium in a stock-for-stock transaction, as the combined company would likely be valued using Tesla's lower valuation multiple. On Friday, Black estimated that if the new Roadster generates 3,000 annual deliveries

According to BlockBeats, on October 17, U.S. stocks fell sharply amid concerns over AI investment returns and rising oil prices. The Nasdaq-100 Index dropped 2.5%, the Nasdaq Composite fell 2.15%, and the S&P 500 declined 1.1%. The Philadelphia Semiconductor Index fell for an eighth consecutive trading day, marking its longest losing streak since 2008. The VIX fear gauge briefly surged above 22 for the first time in four months.

According to CriptoNoticias, USDT in Argentina surged above 1,600 pesos, expanding its premium over the official exchange rate to 6.6%. The price increase followed comments by President Milei regarding potential currency pressure and possible capital outflows in 2027.

According to TechCrunch, Replit ended its work with Anthropic on October 16, 2026. CEO Amjad Masad cited cost, performance concerns, and Replit's partnership with OpenAI as reasons for the decision. Masad noted that OpenAI's models performed better on Replit's benchmarks for building apps from scratch, and the partnership would help expand access to software creation with GPT-5.6.

According to Whale Alert, on October 17, Circle's USDC Treasury minted 250 million USDC on the Solana network at 10:05 AM Beijing time.

According to ChainCatcher, citing Coinglass data, whales on Hyperliquid currently hold $8.232 billion in positions. Long positions account for $3.833 billion (46.57% of total holdings), while short positions account for $4.399 billion (53.43%). Long-position unrealized gains stand at $182 million, while short-position losses total $150 million.

According to Circle, the stablecoin issuer generated approximately $1.4 billion in revenue during the first half of 2026, with 59% of revenue allocated to partner distributions and transaction costs.