Gate Crypto Flash News and Market Updates

U.S. Treasury Secretary Bessen warned that anyone providing support to Iran's regime—whether engaged in illegal oil transfers at sea or serving in corporate boardrooms—will face sanctions. In a public statement, Bessen stated that Iran's collaborators must choose: either align with the U.S. or face opposition. "We know who you are, we know what you do, and we will continue to take action," Bessen said.

According to Reliance Industries, billionaire Mukesh Ambani and his son Anant Ambani discussed global energy landscape and the intersection of energy and digital infrastructure, including data centers, with U.S. Secretary of State Marco Rubio during Rubio's visit to Jamnagar in western India. The two also exchanged views on opportunities for collaboration with U.S. enterprises.

On Wednesday (October 21), UK government bond yields fell broadly across the curve. The 10-year gilt yield declined 3.3 basis points to 5.378%, while the 2-year yield fell 3.5 basis points to 4.923%. Longer-dated bonds saw steeper declines, with the 30-year yield down 5.7 basis points and the 50-year yield down 5.9 basis points.

According to ChainCatcher, Binance Wallet has launched PREDICTUSDT perpetual futures with up to 5x leverage. Users can also enable multi-asset mode to use tokenized stocks (bStocks) as collateral, with up to 90% of the asset's market value counted toward margin requirements.

According to Binance, Binance Wallet has launched PREDICT perpetual pre-market futures with support for up to 5x leverage on Oct 21. Qualified users can use bStocks tokenized stocks as collateral; after enabling multi-asset mode, tokenized stocks held in Binance Wallet can be counted toward margin requirements at up to 90% of their market value.

According to EIA data, U.S. crude oil production fell to 19.464 million barrels per day for the week ending October 16, down from 20.95 million barrels per day in the prior week.

According to EIA data, U.S. gasoline production demand for the week ending October 16 reached 9.91 million barrels per day, up from 9.20 million barrels per day in the previous week.

According to EIA data, U.S. distillate fuel oil production declined to 5.1097 million barrels per day for the week ending October 16, down from 5.695 million barrels per day in the previous week.

According to the U.S. Energy Information Administration (EIA), refined oil inventory rose 1.675 million barrels in the week of October 16, reversing the prior week's decline of 2.527 million barrels.

According to EIA data, Cushing area crude oil inventories declined by 987,000 barrels for the week of October 16, compared to an increase of 1.862 million barrels in the previous week.

According to the U.S. Energy Information Administration (EIA), American crude oil inventories declined by 3.06 million barrels last week, falling short of Bloomberg users' forecast of 3.5 million barrels. The previous week saw a sharper decline of 8.557 million barrels.

According to EIA data, U.S. gasoline production rose to 518,000 barrels per day in the week ending October 16, compared with the previous week's decline of 117,000 barrels per day.

According to data provider Kpler, Middle East oil shipments reached 24.6 million barrels per day as of the week ending October 18, showing resilience despite escalating Iranian attacks on commercial vessels in the Strait of Hormuz. However, transport volumes remain volatile, with October-to-date daily averages still below pre-conflict levels, as tankers typically coordinate fleet movements through the strait to transfer cargo to waiting vessels beyond the waterway.

According to the U.S. Energy Information Administration (EIA), U.S. refinery crude oil inventories rose 1.675 million barrels for the week ended October 16, beating expectations of a 1.162 million barrel decline. The prior week saw inventories fall 2.527 million barrels.

According to EIA data, U.S. crude oil imports for the week ending October 16 fell to 837,000 barrels, compared with negative 596,000 barrels in the previous week.

According to EIA data, U.S. finished product oil imports declined to negative 145,000 barrels per day for the week ended October 16, compared with 59,000 barrels per day in the prior week.

According to EIA data, U.S. strategic petroleum reserves declined by 300,000 barrels for the week ending October 16, compared with no change in the prior week.

According to OKX data reported by Odaily, bitcoin broke through 84,000 USDT, reaching 84,003 USDT, with a 24-hour gain of 1.29%.

According to EIA data, U.S. reformulated gasoline inventories decreased by 0.2 million barrels in the week ending October 16, compared to an increase of 0.6 million barrels in the prior week.

According to the U.S. Energy Information Administration (EIA), U.S. refinery crude oil input rose to 4.3 million barrels per day for the week ending October 16, compared to a decline of 10,100 barrels per day in the prior week.