Gate Crypto Flash News and Market Updates

According to Gartner Inc., released Wednesday, tech companies face a potential $3.5 trillion write-off in artificial intelligence infrastructure investments by 2030 due to a severe revenue shortfall. Gartner projects AI providers will invest nearly $1 trillion in hardware and facilities in 2026, plus an additional $6 trillion through 2030, but total AI-attributable revenue will cap at roughly $3.6 trillion—far below what is needed to justify expenditures. The revenue deficit threatens specialize

According to Brooklyn District Attorney's Office, on Wednesday, prosecutors and the FBI dismantled an Eastern European cryptocurrency scam network that stole tens of millions of dollars from Russian-speaking Americans. The operation resulted in the shutdown of 241 websites and seizure of 112 servers hosted in Eastern Europe and the United States, disrupting the scammers' ability to create new sites and contact victims.

According to the Federal Reserve's Beige Book, two of the twelve Fed districts reported moderate economic growth since the last report.

Nasdaq-listed Perpetuals.com, led by former FTX Europe CEO Patrick Gruhn, plans to launch tokenized U.S. stock trading under the SEC's Innovation Exemption for Tokenized Securities Venues (TSV), becoming the second company to pursue this regulated onchain approach. The platform will operate via Kephas Corporation, using automated market maker liquidity pools to pair tokenized equities with USDC stablecoin on the company's Kronos X layer-2 blockchain. Trading could begin as early as mid-November,

According to TechCrunch, Australian startup Apate raised $8.15 million in seed funding in August from investors including Lobby Capital, OIF Ventures, and Concept Ventures. Founded in 2024 based on research from Macquarie University in Sydney, the company deploys thousands of AI agents that pose as innocent victims to engage scammers across calls, messages, and social platforms, gathering intelligence on fraud schemes, bank accounts, crypto wallets, and malicious websites. Apate's customers incl

President Trump announced on Wednesday (October 14) that the U.S. government's holdings in semiconductor manufacturer GlobalFoundries (GFS) have appreciated to over $2 billion from a cumulative investment of $1.63 billion. According to Trump's Truth Social post, the government will acquire approximately 4% additional stake, bringing total holdings to around 7%, effectively monetizing subsidies into profitable investments. The announcement accompanies a $21 billion semiconductor fab investment in

According to COMEX, December gold futures fell $65.90 to $4,111.40 per ounce (down 1.58%) on October 14, as U.S. inflation concerns weighed on the market. The U.S. Labor Department reported that core consumer prices rose 0.3% month-over-month in September, exceeding the market expectation of 0.2%. The sticky inflation pushed the 2-year U.S. Treasury yield higher and strengthened the dollar index by 0.50%, increasing pressure on gold prices.

Standard Chartered launched direct Bitcoin and Ethereum trading for Professional Investor clients in the UAE on Wednesday following licensing approval from Dubai's Virtual Assets Regulatory Authority (VARA). Eligible clients can now buy and sell BTC and ETH through their existing bank accounts, with the bank handling custody and settlement in a closed-loop model built with SC Ventures-backed Zodia Markets. Standard Chartered described the service as a global first for the bank and the first cryp

Stellar (XLM) declined 3.6% on October 14, trading near $0.184 as it retreated from $0.190 earlier in the session. The decline extends October weakness that has pushed XLM below the $0.20 level, highlighting a disconnect between Stellar's institutional progress and its native token performance. The selling pressure persists despite advancing tokenization initiatives. The Depository Trust & Clearing Corporation (DTCC) plans to connect its tokenization service with Stellar during the first half of

According to Binance, MARA stock fell 10% intraday on October 15, trading at $8.23.

The Federal Reserve is set to release its Beige Book at 2:00 AM Beijing time today.

According to ASML's third-quarter earnings call on October 14, CEO Christophe Fouquet said the likelihood of China developing major competition remains low, adding the country still has "a very, very long way to go" in catching up, despite potential motivation from export restrictions on ASML equipment. ASML reported Q3 revenue of $13.05 billion, slightly below analyst estimates of $13.12 billion, while earnings per share came in at $13.23, beating expectations. CFO Roger Dassen expects China to

According to Binance, Riot Platforms (RIOT) stock fell 10.11% intraday on October 15, trading at $14.98.

According to ChainCatcher, Rocket Pool's governance vote has approved rETH withdrawals while retaining the 4 ETH bond requirement and adopting randomized megapool exit mechanisms. The vote also delayed a proposal on chain governance expansion. The complete Saturn 2 upgrade requires formal approval before taking effect.

FireblocksHQ released its October Banking on Blockchain newsletter on October 14, emphasizing corporates' increasing evaluation of banks based on their digital asset capabilities. The Financial Grid report, which was unveiled at Sibos, details the criteria corporates are using to assess banking partners in the digital asset space.

According to ChainCatcher, Nvidia CEO Jensen Huang announced that the company will cut ties with customers developing unsafe artificial intelligence.

According to Moody's, PIK (payment-in-kind) utilization rates are rising, signaling increased stress in the U.S. private credit market. PIK instruments, which allow borrowers to defer cash interest payments, typically indicate weakening credit conditions.

According to ARK Invest, Cathie Wood recently expressed her belief that Bitcoin is on the verge of a significant turning point, citing divergence from gold which is trending downward. Wood highlighted this counter-trend in her analysis, suggesting that Bitcoin's rise could signal a pivotal moment for the digital asset, with the correlation between Bitcoin and traditional assets like gold to be closely monitored by traders reassessing their strategies.

According to CryptoQuant, 84% of 164 analysts turned bullish on Bitcoin, marking the highest level since August 2025. This represents a significant increase from 37% in July, signaling a major shift in market sentiment toward the cryptocurrency. Traders are monitoring this sentiment surge closely as a potential catalyst for market movement.

According to third-quarter earnings reports released on October 14, BlackRock and State Street delivered sharply divergent stock reactions despite both reporting record assets. BlackRock (NYSE: BLK) rose approximately 3%, driven by $205 billion in net inflows and total assets under management of $15.5 trillion. The company generated $7.75 billion in quarterly revenue, up 19% year-over-year, with adjusted earnings per share of $15.93, exceeding analyst expectations of $14.13. State Street (NYSE: