Gate Crypto Flash News and Market Updates

According to Jin10, three AI infrastructure-related IPOs have been canceled, suspended, or delayed in recent weeks. SK Hynix canceled its Solidigm U.S. IPO, originally intended to fund a new fab. Australia-based data center operator Firmus Grid canceled a roughly $4.9 billion IPO citing market volatility, while Blackstone-backed Airtrunk postponed its Singapore listing to H1 2027. Rising interest rates from the Federal Reserve's rate hikes and Japan's central bank reaching 31-year highs have inc

According to Bloomberg, MiniMax Group's stock fell as much as 7.3% on October 22, dropping below its HK$165 (US$21) January IPO price to HK$159.3 (US$20), erasing all post-debut gains. The Chinese AI model developer's share decline follows its October 19 model release that failed to impress investors. The selloff reflects intensifying competition in the AI sector, with DeepSeek cutting its flagship model price by 75% and OpenAI and Anthropic also slashing rates.

According to Jin10, the United Arab Emirates closed all beaches and coastal areas in Umm Al Quwain today (October 23) following an oil tanker spill that polluted marine waters. The Ministry of Climate Change and Environment detected the leak and reported unusual odors in Sharjah, Ajman, and Umm Al Quwain, though the ministry stated the odors pose no health risks to residents. Response teams have begun containment measures, cordoning off affected areas and coordinating cleanup efforts with local

According to ChainCatcher, Anthropic today donated the Agent Skills standard to the Agentic AI Foundation (AAIF) under the Linux Foundation. The standard, initially designed during Claude Code development and launched in October 2025, is now maintained jointly by engineers from Anthropic, OpenAI, and Google. ChatGPT, Cursor, GitHub Copilot, and over 70 other Agent platforms have already adopted the format. According to Vercel, the skills.sh directory has recorded approximately 1 million skills w

According to Yahoo Finance, U.S. chip stocks suffered renewed selling pressure on Thursday, Oct 22, with the Philadelphia Semiconductor Index dropping 6.72% to close at 10,731.98, breaking below the 11,000 level and marking its largest single-day decline since June. The index also hit its lowest closing level since July 29. Sixty tracked chip stocks have all declined since Oct 6, collectively losing over $3 trillion in market value, with Thursday alone accounting for more than $900 billion in lo

According to @WuBlockchain, HSBC launched its Hong Kong dollar-backed stablecoin RedCoin today (October 23) to over 3.3 million PayMe users. The stablecoin enables peer-to-peer transfers and merchant payments without additional account requirements. Full availability is expected before the weekend, with integration into HSBC's mobile banking app planned by year-end.

According to Reuters, Moderna and Merck's Phase 3 trial data for a personalized melanoma vaccine leaked on October 23, triggering heavy selling of MRNA stock. During intraday trading, the share price fell to a low of $180.80, a 26.45% decline from the previous close, with the stock ultimately closing down 17.57% at $202.63. The trial results showed the combined therapy reduced melanoma recurrence or death risk by 42% and distant metastasis or death risk by 38%. The data disclosure came after MRN

According to PANews, the UK Financial Conduct Authority (FCA) launched two parallel consultations on October 23 to gather industry feedback on DeFi guidelines and its upcoming crypto asset regulatory framework. Submissions are due November 18, with final guidance expected in January 2027. The first consultation targets FCA-regulated firms using or facilitating access to DeFi protocols, clarifying how existing regulatory requirements apply to highly automated, distributed ledger-based systems. Th

According to ChainCatcher, Paranoid developer Ignotus Nemo has recently proposed a recursive aggregation scheme for EIP-8288 on the Ethereum research forum. The scheme supports multiple approved proof sizes to enable smaller proofs for smaller-scale aggregations and has already been running both large and small state-transition proofs on the public mainnet. EIP-8288, introduced by Vitalik Buterin and Thomas Coratger in June 2026, aims to address the high on-chain verification costs and large pro

According to Glassnode's latest on-chain report, Gate's share of tokenized gold spot trading surged from 0.6% in 2024 to 12% year-to-date in 2026, a 20-fold expansion. The platform contributed 42% of global net open interest growth in tokenized gold perpetual contracts since early 2026, leading all tracked exchanges. Gate's 7-day average perpetual contract gold exposure reached 1.7 metric tons, the highest globally.

According to ChainCatcher, the UK Financial Conduct Authority (FCA) launched two parallel consultations on November 18, 2026, to solicit industry feedback on DeFi and its forthcoming crypto asset regulatory framework. The first consultation targets FCA-regulated firms using or facilitating access to DeFi protocols, clarifying how existing regulatory requirements apply to highly automated, blockchain-based systems. The second addresses regulatory scope in light of recent legislative changes. Both

According to Yonhap News, on October 23, South Korea's Finance Minister Park Hong-geun stated that his ministry has no disagreement with the Ministry of Economy and Finance over efforts to reduce national debt issuance using excess tax revenue. Park noted that 5 trillion won in new debt issuance was cut in October using surplus tax revenues, with ongoing monitoring of government bond yields and decisions on further reductions to follow.

According to CZ, artificial intelligence could harm Bitcoin and crypto assets without needing to break the underlying cryptography. The Binance founder noted that internet and banking systems rely on weaker encryption and are more vulnerable to AI-based attacks. CZ highlighted that leaked data accelerates phishing and social engineering attacks, posing additional security risks.

According to China's Ministry of Finance, on October 23, the country issued 15.5 billion yuan in sovereign bonds in Hong Kong through a competitive tender targeting institutional investors. The issuance was well-received with a subscription ratio of 3.43 times. The bond offering comprised four tranches: 4 billion yuan of 2-year bonds at 1.24% yield, 5 billion yuan of 3-year bonds at 1.28%, 4 billion yuan of 5-year bonds at 1.38%, and 2.5 billion yuan of 10-year bonds at 1.67%.

According to CCTV News, China's Ministry of Natural Resources upgraded maritime disaster emergency response levels to Level 3 for Zhejiang and Fujian on October 23 as Typhoon Chaobi impacts the eastern coast.

According to ChainCatcher, global corporate bond credit spreads surged to 17-month highs on October 23 as risk-off sentiment intensified amid AI-driven stock selloffs and escalating geopolitical tensions. Asia's investment-grade US dollar corporate bond spreads reached their highest level since July 2025, while global corporate bond credit spreads widened to 129 basis points. Market concerns over the pace of artificial intelligence-related spending have triggered the volatility.

According to GMGN data reported by ChainCatcher, ANDURIL led KOL net inflows over the past 24 hours with $2,000 inflow and a 13.2% price increase to $162.43. The top five KOL-tracked tokens were: McRib ($2,000 inflow, up 21,101.3% to $0.0008), DJT ($703 inflow, up 0.8% to $6.66), Dacity ($703 inflow, up 9.2% to $0.0133), and Dogzilla ($343 inflow, up 1,631.9% to $0.0001).

According to Jin10, Shanghai gold opened at 862.91 yuan per gram on Friday, Oct 23, trading 1.24 yuan higher than the international gold price of 861.67 yuan per gram.

According to ChainCatcher, Thailand's Securities and Exchange Commission (SEC) stated that while multiple asset management firms have consulted on spot Bitcoin and Ethereum ETFs, no formal applications have been received as of October 23, meaning the agency cannot confirm whether such products will launch in 2026. A new framework effective October 16 permits licensed asset managers to establish passive ETFs tracking single qualified assets, currently including Bitcoin and Ethereum. Under the fra

According to Odaily, a trader address (0xfc667adba8d4837586078f4fdcdc29804337ca06) has accumulated profits of approximately $30.41 million. The address closed a $1.1 million long position on SP500 and established a $10.8 million short position, with the current short holdings valued at $10.81 million.