Gate Crypto Flash News and Market Updates

According to PANews, on October 21, Ripple submitted a comment letter to the U.S. Securities and Exchange Commission in support of its proposed Regulation Crypto Assets, with Chief Legal Officer Stuart Alderoty stating that the SEC has clear authority to adopt the rule. Ripple said the proposed regulation aligns with the Howey test and clarifies that investment contracts, not tokens themselves, constitute securities. Alderoty noted that Ripple has spent over $150 million to establish regulatory

On October 20, as the public comment period for the SEC's proposed Regulation Crypto Assets closed, Bitwise Asset Management and the Hyperliquid Policy Center submitted conflicting recommendations on token classification and issuer disclosure requirements. Bitwise urged the SEC to allow investment managers to rely on issuers' Form TR filings certifying that investment contracts have ended, provided the SEC does not challenge them within a specified review period, and called for issuers to publis

During SpaceX's Q3 2026 earnings call on October 20, Elon Musk announced his AI operation will reach 13 gigawatts of compute capacity by the end of 2027, up from the current 1.7 GW. Musk outlined plans to add approximately 10 GW in 2027 alone, requiring roughly 2.5 GW of capacity additions per quarter on average. SpaceX is currently installing about 200,000 Nvidia GB300 GPUs monthly, with a 440,000-GPU training cluster expected to become operational by mid-2027. Additionally, SpaceX's Super Inte

According to Crypto Briefing, the CFTC's comment period on AI compute futures closes today (October 20, 2026), with CME Group's product review extended to November 9. Commodity brokers including ADM Investor Services, BGC Group, and Nanhua USA are preparing to trade cash-settled derivatives tied to Nvidia GPU rental costs, primarily H100 and B200 models. Each contract represents 730 GPU-hours over a month, equivalent to full-time leasing of a single chip. CME is partnering with Silicon Data, whi

According to Crypto Briefing, Google DeepMind's Gemini 4 Argon model created a 3D animated periodic table synchronized with Tom Lehrer's 1959 song "The Elements" on October 20, 2026. The visualization displays each atom's electrons, atomic data, and light spectra in time with both the song's beat and lyrics, demonstrating the model's ability to coordinate multiple complex outputs simultaneously. Gemini 4 Argon launched publicly on October 13, 2026, and is positioned for complex workflows in soft

According to Hong Kong Stock Exchange disclosure on October 20, Ganzhou Heme Pharma Co., Ltd. (also known as Heme Pharma) passed the main board listing hearing, with China Investement Securities International as the sole sponsor. The biotech company focuses on discovering and developing small-molecule drugs for autoimmune and oncology indications. Its core product Mufemilast received National Drug Administration (NDA) approval in China in September 2025 for treating moderate-to-severe plaque pso

Multiple sources said on October 20 that Japan's ruling Liberal Democratic Party and coalition partner the Nippon Ishin Party plan to begin practical-level discussions in November on revising Japan's "three defense documents" by year-end. Key focus areas include modifying the "Three Non-Nuclear Principles" and introducing nuclear-powered submarines. The LDP has requested accelerated research on feasibility of submarines equipped with long-range missiles, including "next-generation propulsion" ve

According to its announcement, Industrial and Commercial Bank of China (ICBC, 01398) will distribute an interim dividend of HK$1.77332 per 10 shares on November 25, 2026, for the six-month period ending June 30, 2026.

According to the announcement, Agricultural Bank of China (01288) will distribute an interim dividend of 1.522165 Hong Kong dollars per 10 shares on November 25, 2026, for the six-month period ending June 30, 2026.

According to Axios, following his talks with Ukrainian President Zelenskyy, U.S. Presidential Envoy Keith Kellogg's chief of staff Steve Witthoff will present a peace plan to Russian President Putin.

According to an announcement today (October 20), Asieris Pharma's (06855) original Bcl-2 inhibitor Lisitotide (generic name: lisatocin, development code: APG-2575) received breakthrough therapy designation from China's National Medical Products Administration (NMPA) for treating adult patients with treatment-naive chronic lymphocytic leukemia/small lymphocytic lymphoma (CLL/SLL) in combination with acalabrutinib.

According to Business Insider on October 20, major Wall Street banks including Morgan Stanley, Goldman Sachs, and Piper Sandler recommended blue-chip stocks as an alternative investment strategy amid increased volatility in U.S. equities centered on artificial intelligence-related shares. The banks highlighted stocks with stable profit growth, sustainable competitive advantages, and lower debt ratios. Morgan Stanley strategist Mike Wilson noted that the forecast adjustment gap between high-quali

According to CNBC, on October 20, General Motors reported third-quarter adjusted EPS of $3.70, beating consensus expectations of $3.63. Quarterly revenue reached $50.2 billion, also exceeding the consensus estimate of $48.7 billion. The company's board approved a new $20 billion share buyback program. Despite the strong earnings and capital return initiative, GM shares fell 6.84% to close at $77.09 on the day. The decline was attributed to the company's downward revision of its full-year adjuste

According to Politico on October 16, Anthropic proposed a draft AI safety bill that would enable the government to block an AI model's release if there is a foreseeable, imminent risk of over 50 people being killed or over $1 billion in property damage resulting from a biological weapon, model escape, or cyberattack. The proposed legislation calls for independent evaluators registered with the U.S. Commerce Department to assess these risks. If catastrophic risk is identified, evaluators would no

According to BlockBeats, Nectar Group, the developer of Bitcoin yield platform HoneyB, completed a $5 million seed funding round on October 21 at a $30 million post-money valuation. The round was led by Portal Ventures, with participation from Peer Venture Partners, Anchorage Digital Ventures, a family office, and angel investors. The funding was structured using Simple Agreements for Future Equity (SAFE) with 1:1 token warrant rights attached. According to CEO Josh Gordon, the fundraising began

According to ChainCatcher, AI infrastructure startup Fireworks AI is seeking a new funding round with a target valuation of $30-40 billion, up from $17.5 billion several months ago. The company provides specialized AI services, generating over $1 billion in annualized revenue and processing more than 400 trillion tokens daily.

According to Jones Lang LaSalle (JLL), AI data center construction projects drove warehouse demand increases and rental growth in the third quarter, particularly around Dallas/Fort Worth and Washington, D.C. Tech giants including Alphabet, Microsoft, Meta Platforms, and Amazon are investing billions of dollars in AI infrastructure, which requires substantial power consumption and cooling systems to prevent server and chip overheating.

NextDC shares plunged 44% at the opening session today after the Australian data center operator cut its performance guidance due to delayed power supply to its Melbourne facility.

According to Capital Economics economist James Riley, as reported by CNBC on October 20, the S&P 500 index is expected to decline to 6,500 by the end of 2027, representing a drop of over 15% from October 19's closing level. Riley cited excessive market expectations around artificial intelligence investments, stating that "while AI is transformative technology, the stock market has reflected too many expectations too early." Meanwhile, Capital Economics projects U.S. Treasury yields to fall, with

According to Investing.com, Intuitive Surgical reported third-quarter adjusted earnings per share of $3.00 on October 20, surpassing Wall Street's consensus estimate of $2.65. Revenue reached $3.05 billion, up 22% year-over-year and exceeding the $2.91 billion consensus. However, the stock fell 7.2% to $406.45 in regular trading following the announcement. The decline was driven by a $450 million pre-tax one-time charge related to an antitrust class-action settlement, which reduced GAAP EPS to $