Gate Crypto Flash News and Market Updates

According to Reuters, Micron's Taoyuan union in Taiwan announced on October 20 plans to launch a strike on Thursday to protest employee bonus and profit-sharing policies, while supporting the Taichung union's ongoing mediation talks with the company. The Taoyuan union's mediation with Micron broke down in September, and members approved strike authorization in early October. Micron employs approximately 15,000 workers in Taiwan, primarily producing DRAM and high-bandwidth memory (HBM) for AI ser

According to Solana, the blockchain recorded 8.92 billion non-voting on-chain transactions in Q3 2026, up 104% from the previous quarter (Q4 2025).

According to Jin10 Futures, as of 11:32 AM on October 20, China's major futures contracts recorded significant capital flows. Index derivatives led outflows, with CSI 1000 contracts shedding 7.763 billion yuan, CSI 500 contracts outflowing 4.346 billion yuan, and CSI 300 contracts down 3.361 billion yuan. On the inflow side, crude oil futures (Dec 2026) attracted 647 million yuan, lithium carbonate futures (Jan 2027) received 553 million yuan, and 10-year Treasury futures (Dec 2026) drew 345 mil

According to PANews, Hyperliquid Policy Center submitted comments to the U.S. SEC on October 19, supporting its crypto asset regulation proposal with five proposed amendments. The amendments address airdrop classification, secondary market trading intermediaries, safe harbor provisions for token projects, token buyback guidance, and ongoing state registration exemptions. The underlying SEC proposal allows startups to issue up to 5 million USD in tokens over four years, with an additional 75 mill

According to Iran's Islamic Revolutionary Guard Corps, the country shot down a U.S. MQ-9 drone over the Strait of Hormuz on October 20. The U.S. has not yet responded to the claim.

According to Jin10, China's liquefied petroleum gas (LPG) market prices rose 9.8% for the week ended October 20, with the national LPG index averaging 7842 points, up 700 points from the previous period, according to Jinlian monitoring. Market sentiment has turned cautious as downstream buyers resist higher prices. Most regions have begun price cuts, and transaction volumes are weakening. Looking ahead, the LPG market is expected to show a pattern of decline followed by consolidation through lat

According to Guru Club, Nvidia CEO Jensen Huang said on October 20 in London that he opposes strict or abrupt regulation that would slow artificial intelligence development. Instead, Huang advocates establishing "safety belt" standards through smarter safety measures, monitoring mechanisms, and accident prevention protocols.

According to Odaily, Bitget has launched perpetual futures contracts for Citigroup (CSTOCK), Medtronic (MDT), British Petroleum (BP), and Valero Energy (VLO) on October 20. The contracts are settled in USDT and support up to 20x leverage with 24/7 trading. Bitget now offers 368 stock contract products in total.

According to Counterpoint Research, Nvidia's next-generation Rubin AI accelerators will maintain the 12-layer HBM4 configuration despite earlier supply chain reports of a potential reduction to 8 layers. Each Rubin GPU will support up to 288GB of memory capacity and 22TB/s bandwidth. TrendForce predicts HBM average selling prices will surge 121% year-over-year by 2027, driven by structural upgrades as higher-priced HBM4 replaces HBM3E. Notably, reducing stacked layers from 12 to 8 may increase p

On October 20, Geely Holdings Chairman Li Shufu announced at the 2026 Sustainable Global Leaders Summit in Shanghai that Geely has deployed over 60,000 methanol-electric vehicles to date. The company's fleet has accumulated more than 250 billion kilometers in combined driving distance. Li stated that methanol electricity represents a sustainable development pathway Geely is committed to, complementing electric and hydrogen energy to form a diversified energy ecosystem.

According to CNBC, U.S. tech stocks rebounded on Monday, October 19, with the Nasdaq gaining 1.11% to close at 26,430.89 and the S&P 500 rising 0.41% to 7,690.73, as investors assess whether this week's earnings from major companies including Meta, Tesla, and SpaceX can support sustained gains. The rebound follows significant losses last week, when the S&P 500 fell nearly 2% and the Nasdaq dropped 4.5%. Analysts view Monday's gains as a short-term relief bounce and emphasize that stronger earnin

According to Bitwise research head Ryan Rasmussen on October 20, enterprise Bitcoin purchases slowed significantly in Q3. Strategy's net Bitcoin additions fell to 1,666 BTC, down from 83,901 BTC in Q2; other publicly listed companies added 5,617 BTC versus 45,725 BTC in the prior quarter. Rasmussen expects corporate buying to re-accelerate by year-end if Bitcoin prices rise. Meanwhile, spot Bitcoin ETFs saw net inflows of $6.4 billion in Q3, according to Bitfinex derivatives head Jag Kooner. How

The People's Bank of China announced today that foreign central bank-type institutions' repurchase tool operations will now include foreign yuan business clearing banks as operational counterparties, with operational elements following existing repo tool guidelines.

According to Reuters, Nvidia won CPU business from Modal, a New York-based AI cloud computing startup, on October 19. Modal plans to deploy Nvidia's Vera central processing units (CPUs) for AI agents, replacing Intel and AMD chips. Early tests showed Vera doubled the work Modal's AI agents could perform compared to current Intel and AMD processors. Nvidia also said OpenAI, Anthropic, and Oracle plan to adopt Vera.

According to Odaily, on October 20 between 01:04 and 09:20, a Bitcoin trading address increased its short position from approximately $680,000 to $2.11 million, adding $1.43 million. The address had maintained a 100% win rate across 12 BTC trades between September 18 and October 13, 2026.

According to GMGN data, PEARL broke through $2 today, trading at $2.01 with a 24-hour gain of over 5% and a monthly increase of 82.2%, bringing its market cap to approximately $702 million. Coinbase announced that Pearl (PEARL) has been added to its listing roadmap. Pearl is an independent blockchain launched in April 2026, positioned as an "AI Bitcoin," where miners provide verifiable AI computing services through GPU execution while participating in block production.

Amazon announced on October 19 the launch of TorchNeuron, an open-source tool designed to reduce developer friction when migrating from Nvidia chips to Amazon's custom Trainium processors. The tool allows developers to run PyTorch-based AI code without rewriting, requiring only a single configuration change. Amazon plans to release TorchNeuron at the PyTorch Conference in San Jose on October 20, directly targeting Nvidia's CUDA software ecosystem that has provided the chipmaker with a dominant m

According to Reuters, OpenAI is accelerating a fundraising round of approximately $30 billion last week, targeting a valuation exceeding $1.4 trillion. The move aims to secure investor commitments before competitor Anthropic's anticipated IPO launch next month. OpenAI emphasized that annualized revenue has reached $50 billion following the GPT-6 Astra model launch and is expected to reach $70 billion by year-end. Existing backers including SoftBank and Abu Dhabi's MGX are negotiating participati

According to PANews, robot AI company Dream Labs announced on October 20 that it completed a $90 million seed funding round, with investors including B Capital, Kindred Ventures, A.Capital, and SV Angel. The company was founded in 2026 by a former lead researcher from Nvidia's GR00T robotics team. Dream Labs launched Dream API, which converts robot camera feeds and natural language instructions into motion control commands. The company's Dream-1 model learns from video data and supports robots f

According to the Korea Financial Investment Association's official survey released on October 20, 93% of bond market participants expect the Bank of Korea to keep its benchmark rate unchanged at the monetary policy committee meeting on October 22. The remaining 7% anticipate a rate hike. The association surveyed 100 participants from 53 institutions. The comprehensive Bond Market Sentiment Index (BMSI) for November climbed to 99.1, up 9.4 points from the prior month, signaling improved market se