Gate Crypto Flash News and Market Updates

On October 19, Elon Musk announced plans to gift one SpaceX share to every U.S. child, valued at over $10.6 billion based on 72 million minors and a share price of $147.96. Musk said this would be the first step of multiple giving initiatives. The announcement came one day after Anthropic disclosed plans to transfer 5% of company shares to a newly created public benefit fund supporting social causes, including efforts to address artificial intelligence's impact on the labor market.

According to Goldman Sachs' prime brokerage data, hedge funds sold tech stocks at the fastest pace since 2016 through last Thursday, with net selling as a percentage of positions hitting a record high since the start of tracking in 2016. Semiconductors and semiconductor equipment accounted for 57% of U.S. tech stock net selling. The Philadelphia Semiconductor Index fell approximately 11.4% during the week, while leveraged semiconductor ETF SOXL saw inflows of around $7 billion from October 12-16

According to the Norwegian Petroleum Directorate, Norway's combined production of crude oil, natural gas condensate, and condensate oil reached 1.9 million barrels per day in September.

According to Guru Club, on October 20, Brent crude oil futures rose 1.00% to $110.642 per barrel, while WTI crude oil futures gained 0.94% to $99.471 per barrel.

According to industry reports, Tesla, SpaceX, and xAI engaged with approximately 10 South Korean semiconductor suppliers during the SEMICON event held October 13-15, intensifying efforts to build supply chains for their TerraFab project. The initiative targets $16.8 billion in initial investment and aims to establish a factory capable of producing 1 million wafers monthly within 10 years. Multiple suppliers initiated or advanced partnership discussions, including KOMICO signing a three-party NDA

According to Guru Club, coking coal continuous futures contracts fell 3% on October 20, trading at 1,397.50 yuan per ton.

According to Bloomberg, a Norwegian fiber network and data center company is seeking Canadian partners to jointly fund a transatlantic submarine cable directly connecting Canada and Europe. The 'Leif Erikson' project is estimated to cost $620 million and will bypass the United States. The cable, spanning over 2,800 miles (4,500 kilometers), will run from southern Norway across the Atlantic to Happy Valley-Goose Bay in Newfoundland and Labrador, then through Canadian underground fiber infrastruct

According to TradingBeats, on October 20, a whale opened a $12.61 million short position on NVDA with an average entry price of $218.078. The position currently shows an unrealized profit of approximately $86,600. The timing coincides with Nvidia's GTC Berlin conference, running October 20-22, where CEO Jensen Huang is scheduled to deliver a keynote speech on October 21.

According to BlockBeats, MrBeast's Beast Holdings, LLC received Notice of Allowance for two financial service trademarks from the U.S. Patent and Trademark Office on October 6. The trademarks, filed on October 13, 2025, are "MRBEAST FINANCIAL" (serial number 99440901) and "BEAST FINANCIAL" (serial number 99440877). The trademarks cover a broad range of services including mobile banking applications, cryptocurrency trading and payment processing, decentralized exchange (DEX) transactions, investm

On October 19, 2026, Germany's Sparkassen banking network began offering cryptocurrency trading to retail customers through a service branded Krypto—powered by Deka. The offering, developed by DekaBank in cooperation with Boerse Stuttgart, initially supports five cryptocurrencies: Bitcoin, Ether, XRP, Solana and Polygon. Customers access the service via the Sparkasse mobile banking application and open dedicated crypto accounts with DekaBank. According to the German Savings Banks and Giro Associ

According to the U.S. Federal Aviation Administration (FAA), Tesla's Roadster does not meet the definition of an aircraft, despite being marketed with flying capabilities. The National Highway Traffic Safety Administration (NHTSA) stated that regardless of its appearance, Tesla must ensure the vehicle complies with applicable motor vehicle safety standards, and drivers must follow local traffic laws. According to technical analysis, the Roadster can achieve a maximum flight time of only 6 second

According to Odaily, Yann LeCun, Meta's chief AI scientist and Turing Award recipient, recently criticized Tesla's Roadster flying car design on X, saying its cold gas propulsion system is essentially air compression-driven and has an impulse of less than 50 seconds. Elon Musk responded in the comments with a sharp retort, stating "I'm farting in your direction."

WTI crude oil rose 1.00% intraday to $99.04 per barrel, while Brent crude climbed 0.75% to $107.7 per barrel on October 20.

According to Mastercard's announcement on October 19, 2026, at the Money20/20 USA conference, the company launched Stablecoin Security, a new risk intelligence solution designed to detect fraud, scams, sanctions risks and other financial crime across stablecoin payment transactions. The service combines Mastercard's payment intelligence with blockchain analytics to assess transactions before funds move on-chain. Borderless.xyz and Keyrails are initial partners, with North America launch first an

According to PANews, Lighter, a decentralized derivatives trading platform, launched binary options on Lighter Core on October 20. The platform indicated that it will introduce a full suite of options products in the coming phase.

According to BlockBeats, on October 20, Robinhood CEO Vlad Tenev followed a meme coin X account for GIGATENEV, after which the token surged 17 times in a short period to a market cap of $5.26 million, according to GMGN data. The token was not launched through mainstream platforms and was primarily purchased by newly created wallets, with analysts noting that Vlad Tenev's account may have been compromised. The token carries significant risk and investors should exercise caution.

Asia's liquefied natural gas benchmark price JKM surged above $30 per million British thermal units (MMBtu) on October 20, marking its highest level since December 2022. The rally reflects tightening supply driven by geopolitical disruptions in the Middle East, where daily crude flows have declined by 5 to 7 million barrels from pre-conflict levels, according to Trafigura's chief economist.

According to Bank of America analyst Christopher Nardone in a recent report, the bank raised its price target on Walmart to $126, representing roughly 6% upside from Monday's close of $118.70, reaffirming a "buy" rating. Nardone cited Walmart's expansion in digital advertising and connected TV platforms as drivers of potential multi-billion-dollar revenue opportunities. Third-party sellers on the platform typically allocate 10% to 12% of gross merchandise volume to advertising, significantly hig

According to BlockBeats citing TradingBeats monitoring, a whale cleared approximately $46.32 million in Tesla, DRAM index, and semiconductor 3x leveraged ETF (SOXL) long positions overnight on October 20, then established a $44.39 million Google (GOOGL) long position at an average entry price of $345.87. The account also holds approximately $1.23 million in Amazon positions.

According to Barchart, Bitcoin's daily Bollinger Bands contracted to one of the tightest widths in the past 2.5 years on October 20, a technical signal that historically precedes significant directional moves. The extreme compression, which reflects minimal price volatility, often reverses into sudden volatility expansion in either direction.