Gate Crypto Flash News and Market Updates

According to CCTV, a magnitude 7.0 earthquake struck Baqing County in Nagqu, Tibet, today (October 23). President Xi Jinping issued instructions emphasizing full-scale personnel rescue operations, proper resettlement of disaster-affected residents, and ensuring protection of people's lives and property.

According to Shanghai Gold Exchange, gold and silver prices declined on Friday (Oct 23) morning. Gold T+D futures fell 1.66% to 867.0 yuan per gram, while silver T+D futures dropped 3.47% to 13,200.0 yuan per kilogram.

According to nonprofit Urgewald, 20 South Korean energy companies were included in the Global Coal Phase-Out List 2026 released on October 23. Among them, Gangneung Ecopower, Samcheok Blue Power, and GS Donghae Power showed 100% coal generation dependence, indicating high risks. Rating agencies including Nice Credit Evaluation and Korean Corporate Credit Evaluation assigned Samcheok Blue Power an A2+ rating in September, projecting HVDC transmission line completion by Q4 2026. However, Korea Ele

According to CNBC, Norway's sovereign wealth fund recorded $29.7 billion in losses during the third quarter, with bond investments declining 3.5%, the Norwegian Central Bank's investment management arm (NBIM) announced on October 22. The fund, which manages $2.3 trillion in assets, saw bonds—accounting for over a quarter of its portfolio—weigh heavily as global interest rate hikes pressured fixed income valuations. NBIM Deputy CEO Trond Grande stated that rising rates weakened bond performance,

According to Odaily, Western Digital reported first-quarter fiscal 2027 revenue of $43.81 billion, surpassing analyst expectations of $41.4 billion, with year-over-year growth of 55%. Non-GAAP earnings per share reached $4.64, up 161% year-over-year and above the FactSet consensus estimate of $4.11. For the second fiscal quarter, the company guided adjusted earnings per share of $5.60 to $6.00 and revenue of $50 billion to $52 billion, both exceeding prior market expectations of $4.84 per share

According to The New York Post, Matthew Modabber, who served as chief marketing officer of Polymarket since January 2024, has been fired on October 23. The dismissal follows an internal investigation into allegations that his team created fake webpages to promote fabricated trading videos showing false profit scenarios. The scheme was exposed in a Wall Street Journal report in June, triggering a U.S. CFTC investigation that remains ongoing and has not yet identified any regulatory violations.

According to Jin10 Futures, the CNEX RMB funding sentiment index reported at 48 as of Oct 23, 08:45 CST, unchanged from Oct 22, 16:00 CST. Large banks reported 45, mid-sized banks 48, and non-bank institutions 50, all flat. The index ranges from 0 to 100, with 50 indicating balance and readings above 50 reflecting funding tightness.

According to SpaceX's SEC filing on Thursday (October 22), the company recorded a $561 million investment gain from its stake in The Boring Company during the third quarter. The gain accounted for more than half of SpaceX's other income in the period, boosting its net income to over $4 billion. The Boring Company raised $3 billion at a $23 billion valuation last month, with backing from the United Arab Emirates and other investors.

According to Tom's Hardware reporting on October 22, Google released TorchTPU, enabling 98% of existing PyTorch models to run on Google TPU with minimal code changes—developers only need to modify device settings to "model.to(\"tpu\")", reducing migration time from months to minutes or days. Meta has already deployed the TorchTPU-powered SGLang inference engine in production environments. Separately, Amazon announced TorchNeuron on October 20 at PyTorch Conference 2026, allowing PyTorch models t

According to the Bank of Korea, the South Korean government and central bank plan to amend the Foreign Exchange Transactions Act this year to regulate stablecoins as a means of payment. The central bank disclosed this in response to demands from the National Assembly's 2025 audit, stating it will establish a monitoring system for virtual assets and prepare the legislative amendment jointly with the government during 2026. The measure aims to address cross-border transactions involving digital as

According to forecasts from major South Korean brokerages released today (October 23), LX International [001120] is expected to report third-quarter operating profit of 132.2 billion won, up 104.1% year-over-year, with revenue projected to rise 15.64% to 5.21 trillion won. The sharp increase is driven by rising international coal prices—boosting the mining division's profitability—and stronger shipping rates improving the logistics segment. LX International's logistics subsidiary LX Pantos is fo

According to investment banking industry sources, the Korea Export-Import Bank (Moody's: Aa2) postponed this week's planned global yen bond issuance after discovering investor demand for significantly higher spreads during soft sounding. The bank's refinancing spread surged over 10 basis points in roughly ten days amid heightened global bond market volatility. The Korea Land & Housing Corporation (Aa2) similarly abandoned its planned dollar bond roadshow after determining elevated borrowing cost

According to MIT researchers, 13 AI agents called Eko, each running on Claude Opus 4.7, were left alone to explore a simulated desert island without specific tasks for 30 hours. The agents began inventing challenges on their own, and the researchers later described this behavior as bearing hallmarks of play. In follow-up tests where the agents faced goal-oriented tasks, such as placing objects onto the island's tallest rock spire, those with 30 hours of exploratory play generally outperformed id

According to OpenAI, Uber is currently rolling out ChatGPT Work across the company to more than 30,000 employees following a pilot program with 1,000 staff. The tool, available within ChatGPT Enterprise, connects to Google Drive, Gmail, Google Calendar, and Slack to help employees with research, meeting preparation, presentations, and data analysis. Uber will support the rollout with employee training and an internal AI skills library.

According to ARK Invest disclosures, the fund complex led by Cathie Wood increased positions in Meta Platforms and Pacific Biosciences yesterday (Oct 22). ARKK bought 28,069 Meta shares (0.29% of fund), while ARKW added 7,018 shares (0.24%) and ARKF purchased 3,023 shares (0.25%). For Pacific Biosciences, ARKK acquired 266,184 shares (0.01%) and ARKG bought 88,512 shares (0.01%). ARKG also purchased shares in biotech names including Scribe Therapeutics (99,254 shares, 0.09%), Freenome (35,377 sh

According to Citibank, the bank recently reiterated Tencent, Alibaba, Meituan, Pinduoduo, and Manbang Group as top picks among Chinese internet stocks, citing attractive valuations despite recent market selloffs. The valuations remain appealing even after accounting for potential earnings downgrades of 10-30%, given the underlying resilience of core business profitability and strong balance sheets of leading internet companies.

According to Aave founder Stani, Aavenomics 3.0 will include AAVE buybacks, staking, and token burning. The announcement was made during the third quarter livestream on October 23.

According to Bloomberg, SpaceX is negotiating to lease access to at least 80,000 ground mobile base stations nationwide this week, aiming to combine its Starlink satellite constellation with terrestrial networks to become America's fourth major wireless carrier. The company is discussing terms with Crown Castle (CCI-US), with potential agreement value reaching several billion dollars, according to informed sources. Elon Musk confirmed the network expansion in SpaceX's earnings call this week, st

According to TechCrunch, Nirva, an AI wearables startup founded in 2025 by ex-Meta Reality Labs employees Wei Lyu and Jason Chen, raised $25 million in pre-Series A funding on October 22, bringing total funding to $33 million. The company's AI pendant, priced at $249, uses voice samples collected during setup to filter out nearby speakers. Audio and transcripts are deleted after processing by default. Nirva plans to open orders in November and ship devices to early users by year-end.

According to ChainCatcher, Ali Yahya, a cryptocurrency partner at a16z, announced he is leaving the firm to relocate to San Francisco and start his own company. Yahya joined a16z in 2017 as an engineer from Google Brain and has worked with the firm for nearly a decade helping build its crypto business alongside Chris Dixon. He stated that his focus for the new venture is on infrastructure supporting open software ecosystems, particularly in areas where AI enables multi-agent collaboration and a