Gate Crypto Flash News and Market Updates

According to Jin10 Futures, as of 8:30 Beijing time on October 23, spot platinum fell 0.36% and spot palladium fell 0.36%.

According to Whale Alert, 134,007,665 USDC valued at approximately $133.98 million was transferred from Aave to an unknown wallet on October 22. The recipient address remains unidentified.

According to Benzinga, Nvidia CEO Jensen Huang warned on Wednesday during Berlin's GTC conference that the U.S. must take China seriously as a chip and AI competitor, citing China's manufacturing scale and AI capabilities. Huang stated that China is "a very, very strong competitor" in semiconductor production, open-source AI models, and AI research talent development. IDC data released this month showed Nvidia's market share in China's AI accelerator sector declined to 34% in the first half of 2

Japan's services sector PMI rose to 52 in October from 51.3 in the previous month, according to preliminary data. The 0.7-point increase signals continued expansion in service activity.

According to Yonhap Infomax, Shinhan Bank declared 1 trillion won (approximately $770 million) in interim dividend on October 23, with ordinary shares receiving 630.67 won per share, payable to Shinhan Financial Group next month. This marks the first interim dividend from Shinhan Bank in 15 years. KB Financial received approximately 1.4 trillion won from Kookmin Bank in June, while Hana Financial received 950 billion won from Hana Bank in July, reflecting a trend among major financial groups tow

According to BlockBeats, on October 23, Meta's Q3 earnings and Q4 guidance beat expectations, sending shares up over 6.5% in after-hours trading. However, a regulatory filing revealed that as of September, the company had committed to $825 billion in future capital expenditures—covering leases, cloud contracts, and data centers—with a significant portion tied to AI infrastructure. This marked a sharp increase from approximately $700 billion disclosed in July. Markets reversed course on October 2

According to CITIC Securities, rare earth permanent magnet exports reached a record monthly high this year this month, driven by positive signals from China-EU trade consultations. Combined with peak seasonal demand in the fourth quarter and emerging sector growth including humanoid robots, the rare earth industry's supply rigidity and demand elasticity dynamics are expected to strengthen further.

According to Jin10, on October 23, spot gold stabilized near its lowest closing level in over three months after declining nearly 3% to $4,020 per ounce. U.S. Treasury yields fell sharply, with declines reaching 20 basis points across certain maturities, as risk-off sentiment drove investors to purchase bonds. Justin Lin, analyst at Global X ETFs, attributed the decline to "liquidity-driven selling," noting that gold's strong liquidity makes it a target during market stress for margin calls. He

According to Jin10 Futures, yesterday (Oct 23), butadiene market costs rebounded firmly while butyrene rubber prices held steady. Market quotes consolidated in a narrow range with cautious terminal purchasing and minimal transaction volumes. Supply remained tight in the spot market, and traders reduced their willingness to bid lower amid supply constraints.

According to Jin10, Riyadh reported multiple loud explosions early on Oct 23, 2026. Local residents received civil defense alerts via mobile applications.

According to the investment banking industry, NowIB decided on October 23 to reduce its capital by 76% through a 4-for-1 stock merger, bringing its registered capital down from 47.9 billion Korean won to 12.3 billion won. The restructuring will enable the company to transition to a specialized venture investment firm, phasing out its credit and capital-related business operations to concentrate on venture capital and fund management.

SK Hynix announced on October 23 that it has suspended the IPO plan for Solidigm, its U.S.-listed subsidiary, and halted pre-IPO fundraising assessments in response to broader capital market conditions. The company had originally targeted a 2027 U.S. listing for Solidigm, with valuations estimated up to $150 billion and potential fundraising of approximately $15 billion, making it one of the largest semiconductor IPOs in U.S. history. Capital market volatility and South Korean regulatory scrutin

According to Caixin, OpenAI completed a funding round of up to $30 billion led by UAE investors on Oct 23, with a pre-money valuation of $125 billion. The agreement includes a commitment for OpenAI to secure additional computing power from the UAE. The deal is expected to be finalized by the end of next week.

According to Bloomberg, the Commodity Markets Council, representing derivatives exchanges including CME Group and commodity traders, has urged the U.S. Commodity Futures Trading Commission (CFTC) to reject perpetual oil futures contracts proposed by prediction market platform Kalshi, citing significant risks to market integrity. The group also called on regulators to close regulatory gaps to prevent retail investors from accessing offshore trading platforms.

According to JPMorgan analysts led by Nikolaos Panigirtzoglou in a report released on Wednesday, recent U.S. regulatory measures are partially offsetting the negative impact of the Senate's failure to advance the Clarity Act, but political and legal risk premiums will persist until a comprehensive cryptoasset regulatory framework is enacted. While regulatory-led initiatives may encourage institutional participation in the near term, only legislation can establish a durable regulatory framework.

According to state media, South Korea's UN representative sent a letter to the UN Security Council president on October 22, demanding that North Korea apologize for a recent mine explosion in the Korean demilitarized zone (DMZ) and take responsible measures.

According to Bloomberg, Apple (AAPL) surged 27% year-to-date in 2026, becoming the single largest contributor to the S&P 500's 13% gain. The stock climbed 1.2% to $348.22 on October 22, with the company's market value reaching $5 trillion in mid-October, second only to Nvidia globally. The rally reflects investors' shift toward Apple as a hedge against AI volatility. While major tech giants like Microsoft, Amazon, and Alphabet invest heavily in AI infrastructure, Apple maintains strong free cash

According to Bloomberg, on October 23, the Commodity Markets Council representing CME Group and other derivatives exchanges urged the U.S. Commodity Futures Trading Commission (CFTC) to reject Kalshi's proposed perpetual oil futures contracts, citing significant risks to market integrity. The organization also called on regulators to close regulatory gaps preventing retail traders from accessing offshore trading platforms.

According to Wall Street Journal analysis, on October 23, Iran warned that if the U.S. and Israel restart air military operations, Tehran will retaliate by striking civilian targets in the Persian Gulf region, including airports and oil pipelines. Iran issued the warning through both public statements and private diplomatic channels, aiming to deter any potential attacks. Iran possesses hundreds to thousands of ballistic missiles and unmanned drones, and has demonstrated the capability to deploy

Israeli cybersecurity startup Modelyo raised about $17 million on October 22, led by US-based OlivTree, according to an announcement by the company. The funding will support development of Modelyo's platform, which enables customers to run workloads and AI systems on third-party cloud infrastructure while retaining control of their data and encryption keys through confidential computing and hardware-based encryption. Modelyo operates across the US, Europe, South Korea, India, and the United Arab