Gate Crypto Flash News and Market Updates

According to Jin10, on October 23, Iran's conservative politician Abutorabi stated that U.S. attempts to weaken Iran's national unity have actually strengthened the country's capabilities and expanded its regional influence. Abutorabi emphasized that Iran is working to build a stable and secure future for regional nations without foreign interference, and stressed the importance of avoiding actions that could damage national cohesion.

According to Reserve Bank of India, the country's foreign exchange reserves decreased by $5.011 billion over the past week.

Cambricon announced on October 23 its Q3 2026 net profit reached 1.404 billion yuan, up 147.74% year-over-year, with revenue of 3.531 billion yuan, up 104.47%. Non-GAAP net profit was 1.358 billion yuan, up 168.13% YoY. For the first nine months of 2026, cumulative revenue totaled 9.526 billion yuan, up 106.76% year-over-year, with cumulative net profit of 3.715 billion yuan, up 131.49%.

According to analyst Killa on X platform, prolonged price oscillations lead 90% of traders to close profitable positions prematurely. Killa noted that after price repeatedly tested levels near $62,600 at least 10 times before the next rally, traders lose confidence in their swing positions and frequently engage in range-bound short-term trading, ultimately missing major moves following breakout.

This week, French 10-year government bond spreads over German equivalents surged 33 basis points to record highs since 1990, amid political uncertainty weighing on investor confidence in the country's public finances. The spike marks the largest weekly increase in this risk indicator on record, reflecting heightened concern about France's fiscal sustainability.

According to the Ethereum Foundation, the Glamsterdam upgrade on the Hoodi testnet has been postponed after researchers identified potential security risks involving existing smart contracts, with the planned October 26 activation now canceled and no replacement date announced. Security firm ChainSecurity raised concerns about how proposed gas-accounting changes under EIP-8037 could interact with deployed contracts, potentially leaving applications with unexpected gas amounts and affecting error

According to its official announcement, Gate launched 24-hour gold CFD (XAUUSD) contracts on October 23, with extended trading hours opening to selected users for beta testing. Users can trade gold-dollar contracts daily from 06:00 to 05:00 UTC+8 the following day, enabling weekend trading while breaking traditional financial market limitations. The platform supports leverage configurations ranging from 5x to 1000x, allowing flexible trading strategies. Trading will pause for routine maintenance

According to UBS, gold prices may retest $4,000 per ounce on October 23, though strong dip-buying demand is expected to provide support and form a price floor. Central banks' continued gold purchases, anticipated to reach 750 to 1,000 tons annually, will further support gold prices despite headwinds from rising real yields on U.S. Treasury bonds and a stronger U.S. dollar.

According to ChainCatcher, DeepSeek recently closed a funding round of approximately 100 billion yuan (about $15 billion), setting a record for the largest single-round financing in China's AI industry. The round was led by major investors including Contemporary Amperex Technology and Tencent Holdings, with participation from IDG Capital and other institutional backers.

According to Moscow Mayor Sergei Sobyanin, Russian forces shot down 8 Ukrainian drones heading toward the capital today (October 23). The official did not provide additional details on the origins of the attack or potential casualties.

According to Bloomberg, BASF has reportedly increased its acquisition bid for rival Evonik to approximately €24 per share.

According to the UAE Climate Ministry, on October 23, the UAE closed all beaches and coastal areas in Umm Al Quwain after discovering an oil tanker leaked in the Persian Gulf near the emirate's northern coast. The ministry stated the odor poses no health risk to residents, though specific details about the leaking tanker were not disclosed. Technical teams are conducting assessments and implementing containment, cleanup, and restoration measures to minimize environmental impact.

According to China's National Development and Reform Commission, the government will continue implementing a minimum purchase price policy for wheat in major producing regions for the 2027-2028 crop year. The minimum purchase price for third-grade wheat produced in 2027-2028 is set at 119 yuan per 50 kilograms, taking into account production costs, market supply and demand, and domestic and international market prices.

At Nvidia GTC in Berlin on Wednesday, Oct. 21, CEO Jensen Huang announced a new product packing seven Vera Rubin AI racks into a shipping container for faster deployment. The announcement coincided with a selloff among neocloud stocks, as CoreWeave fell 10% and Nebius dropped 7% by market close, amid broader concerns over heavy borrowing in the AI compute leasing sector. During a CNBC interview Thursday, Huang highlighted a capital bottleneck facing AI infrastructure buildout. "The demand of the

According to CNBC, Volvo Car shares plunged as much as 30% today (October 23) in Stockholm after the Swedish carmaker reported a quarterly loss driven by weakness in both the U.S. and Chinese markets. CEO Håkan Samuelsson told Squawk Box Europe that selling global cars developed in Europe to Chinese consumers would not work, highlighting the company's struggles to adapt its product strategy across major markets.

French President Emmanuel Macron has postponed his scheduled visit to Nigeria and Senegal originally planned for next week.

According to cybersecurity startup Straiker, the CyberCartel hacking group recently used Claude (Anthropic) and Grok (SpaceX) AI agents to automate cyberattacks on Latin American banks and mobile payment apps, stealing passwords and customer data from over 400 institutions. Both Anthropic and SpaceX have been notified and are working to restrict the group's access to their AI services.

According to Socket, the blockchain security company discovered 16 counterfeit Rabby and OKX wallet extensions on Firefox. Mozilla removed these malicious extensions by October 5, according to Socket.

According to Bloomberg, the company this week expanded its Crypto Exposure Analytics service to help institutions identify and classify crypto-asset exposures under the Basel Committee on Banking Supervision's prudential framework. The update connects exposure detection with classification and reporting workflows across securities, funds, derivatives and corporate balance sheets. Bloomberg's analytics identified approximately 1,700 funds with potential relevance under the Basel framework, roughl

According to The Verge, Warhound, a Texas-based defense startup co-founded by Palmer Luckey of Anduril and Ben Lamm of Colossal Biosciences, raised $200 million on October 23 to genetically modify military and police dogs and equip them with Anduril's advanced military technology, including EagleEye systems for enhanced awareness and protection. Warhound aims to reduce U.S. military dependence on European suppliers, which currently account for 80 percent of military dog procurement. The startup