Gate Crypto Flash News and Market Updates

In the first nine months of 2026, Changxin Semiconductor (CXMT) recorded a net profit of 130 billion yuan, equivalent to 480 million yuan daily, reversing significant losses in the prior year. The company proposed a stock buyback of up to 2 billion yuan.

On Friday (Oct 18), U.S. equities tumbled amid AI-related trading concerns. The Nasdaq fell over 2%, with the semiconductor index extending losses to eight consecutive days. CoreWeave, a major AI infrastructure provider, plummeted 12%. In commodities, Brent crude oil broke above the $110 per barrel mark.

According to Hana Securities on October 19, South Korean semiconductor stocks fell sharply amid concerns over sustained AI investment, though memory chip supply shortages and rising prices remain intact. In its latest semiconductor industry report, analysts Kim Rok-ho and Park Gyu-yeon projected that Q4 DRAM prices will exceed previous forecasts, despite weakened investor sentiment. Samsung Electronics and SK Hynix have declined 17.8% and 24.3% respectively over the past three weeks, significant

According to ChainCatcher, stablecoin payments reached $482 billion in the first nine months of 2026, up 45% year-over-year, while transaction count surged to over 1 billion, marking a 71% increase. On-chain stablecoin card spending hit $3.9 billion, up 10-fold from the same period last year, with transactions under $50 accounting for 84% of card transaction growth. Mastercard, Stripe, and Visa have each launched services to integrate stablecoins into their existing payment systems this week, si

According to Iran's Mehr News Agency, on October 19, Iranian officials denied social media reports of explosions in eastern Tehran. The spokesman for the Seyyedal-Shohada military corps in Tehran Province stated that the claims have no basis. No explosion sounds or security incidents have been reported in eastern Tehran so far.

According to Rightmove, the UK's average house price index declined 0.1% year-over-year in October, compared to the previous month's decline of 0.8%.

According to CNBC, about 70 S&P 500 companies will report Q3 results this week (October 18-22, U.S. local time). Tesla will report Q3 earnings after market close on October 21. LSEG estimates Tesla's EPS will decline 14.5% year-over-year, with revenue down about 1% from the same period last year. Investors are watching for Tesla's margin trends and updates on the potential SpaceX merger. Meta Platforms will also report Q3 results on October 21, with LSEG forecasting EPS growth of 460% year-over-

According to Xinhua News Agency, the 17th Conference of the Parties to the Convention on Biological Diversity (COP17) opened on October 18 in Yerevan, Armenia. The conference will conduct the first global stocktake on implementation of the Kunming-Montreal Global Biodiversity Framework and advance progress toward achieving the framework's 2030 targets.

SpaceX stock (NASDAQ: SPCX) closed at $146.03 on October 16, down 10.2% over five trading sessions, as tensions over Starshield military communications services in Ukraine coincided with broader tech-sector selling. The shares are now approximately 35% below their post-IPO high of $225.64. According to Reuters and Ukrainian officials, Starshield terminals lost connectivity at high speeds, affecting drone operations. Ukrainian President Volodymyr Zelensky criticized the restrictions on October 14

According to DS Investment Securities on October 19, South Korean semiconductor stock declines have been assessed as excessive relative to fundamentals, with actual chip demand remaining robust. The brokerage upgraded its industry outlook, citing stronger-than-expected capital expenditure plans from major cloud service providers. Global cloud service providers' 2027 capital expenditure growth forecast was raised to 60% from 50%, while AI server shipments are projected to grow approximately 36% n

According to Guru Club, Nscale's planned IPO with a $30 billion valuation target faced investor pushback on October 19, with some investors suggesting a fair value range of $16-19 billion. The AI cloud company's IPO bid is also challenged by the termination of its Microsoft-backed UK data center deal.

According to Jin10, the Finance Street Forum annual conference kicked off today (October 18), with regulatory authorities set to issue guidance and A-share tech leaders including Lanqi Technology announcing share buyback programs. The conference marks a key platform for policy announcements and market sentiment.

According to Time magazine's October 15 interview, Apple CEO John Ternus emphasized that memory supply constraints constitute a serious crisis and the company must consider all options, including potential Chinese suppliers. Samsung Electronics and SK Hynix raised low-power DRAM prices for iPhones by 80% and 100% respectively in Q1 2026, pressuring Apple, which spends billions annually on memory and storage. Apple has been testing memory chips from China's Changxin Semiconductor (CXSC) for iPhon

U.S. stock index futures traded higher during early Asian session on October 18. S&P 500 futures gained 0.3%, while Nasdaq-100 futures advanced 0.6%.

According to Switch One's announcement on October 18, the global asset-tech company plans to launch a yen-backed stablecoin starting next year through a Japanese subsidiary acquired on October 5. The company will complete organizational setup, systems implementation, and compliance framework by year-end, with issuance planned for 2027. The stablecoin will operate on a 1:1 redemption structure with segregated yen reserves, enabling cross-border payments, settlements, and conversions within Switch

According to a report by the Center for Economic Policy Research (CEPR) released on October 13, hyperscalers including Alphabet, Amazon, Meta, Microsoft, and Oracle enjoyed a 29 basis point discount on bond yields compared to other non-financial firms during the AI investment wave. When compared specifically to software companies, the discount expanded to 42 basis points, the report found. The five tech giants issued approximately $108 billion in bonds last year, nearly six times the average $20

According to Guru Club, Anthropic announced on October 19 a plan to transfer 5% of its shares to a newly established fund supporting public interest initiatives, including efforts to address AI's impact on the labor market. Following shareholder approval, the transfer will be executed immediately; the company's board may authorize an additional 2% transfer each time the company's valuation increases by 50% from a baseline threshold.

According to Jin10, Russian Presidential Press Secretary Dmitry Peskov said on October 18 that Ukraine's attacks on Russia, including a large-scale strike on Saint Petersburg, cannot alter the trajectory of events. Peskov stated that Ukraine is in its death throes and attempting to resist, but Russia continues to respond systematically and at scale, with offensive operations ongoing and yielding results.

According to Guru Club, Brent crude oil futures fell $1 to $108.86 per barrel on October 19.

According to Guru Club, spot gold broke through $4,170 per ounce on October 19, gaining 0.12% during intraday trading.