Gate Crypto Flash News and Market Updates

Recently, J. Benjamin Greenberg, a shareholder of Circle Internet Group Inc., sued U.S. President Donald Trump and World Liberty Financial, a cryptocurrency venture Trump co-founded with his son, alleging violations of the constitutional foreign payment clause. According to the lawsuit, Trump engaged in illegal competition through World Liberty Financial and violated the Constitution's foreign emoluments clause in two transactions with the United Arab Emirates. Greenberg claims the illegal compe

According to music management company Reservoir, Anthropic PBC faced a lawsuit on October 23 for allegedly using copyrighted song lyrics without authorization or payment to train its Claude AI model. Reservoir claims the infringement is ongoing, with Claude's generated outputs reproducing copyrighted songs nearly in full, including works held by Reservoir. Reservoir is seeking statutory damages, a permanent injunction, and other relief, arguing that Anthropic's actions damaged its copyright lice

October 22, Beijing time, marks a data-heavy day across global markets. Key releases include Japan's September CPI at 07:30, followed by October PMI readings from Japan (08:30), India (13:00), France (15:15), Germany (15:30), the Eurozone (16:00), and the UK (16:30). Later, Russia's central bank announces its rate decision at 18:30, while the U.S. will release October service and manufacturing PMI at 21:45 and the University of Michigan consumer sentiment index at 22:00. Additionally, on Sunday,

According to TheStreet, four years after Warren Buffett said on April 30, 2022, that he would not pay $25 for all Bitcoin in the world, the entire Bitcoin market is now valued at approximately $1.7 trillion. With roughly 20.1 million coins in circulation, Bitcoin is currently trading near $84,000 per coin, and reached a record high near $126,000 in October 2025.

According to analysis from @TheFlowHorse, the S&P 500's 20-week average currently rests at 7,583, a critical level that will determine whether the uptrend sustains or a regime change occurs. A breach below this level could trigger increased selling pressure and shift market sentiment. Recent market dynamics show the S&P 500 fell 1.2% while the Nasdaq 100 dropped 2.9%, though the average stock ended the day in positive territory. The Federal Open Market Committee meets next Wednesday, with trader

According to Jin10, over the past 24 hours on October 23, Russia claimed Ukraine struck Belgorod Region, causing one death and one injury. President Zelensky stated Russia fired 21 missiles at Kyiv following talks with Trump's envoy. Since October 11, Ukrainian energy infrastructure has endured over 170 attacks. On the diplomatic front, Putin signaled willingness to resume three-way Russia-U.S.-Ukraine talks. Zelensky said Ukraine is ready for peace negotiations during the G20 summit but has not

On Thursday (Oct 22), the Magnificent 7 technology index fell 2.73% to close at 228.92 points. Meta Platforms led declines with a 6.98% drop, followed by Amazon and Nvidia, each down up to 4.57%. Google and Tesla fell up to 3.15%, while Microsoft dropped 2.23%. Apple was the sole gainer among the seven, rising 1.23%.

According to regulatory filings and sources familiar with the matter, General Motors has canceled a long-term supply agreement with a U.S. manufacturer of rare earth magnets for electric vehicles, with the two parties entering arbitration. GM was the manufacturer's largest customer. The cancellation reflects shifts in the U.S. auto industry following President Donald Trump's return to office in 2025 and cuts to federal EV support.

According to a CNBC interview at Nvidia's GTC developer conference in Berlin on Oct 22, CEO Jensen Huang stated that memory chip supply oversupply is unlikely through 2029. Huang emphasized that memory demand will continue to increase, with HBM (high-bandwidth memory) and LPDDR (low-power DDR) seeing sustained heavy adoption. He noted that Nvidia was the first to introduce LPDDR memory from smartphones into data centers, achieving twice the energy efficiency of existing products. When asked abou

According to Bitfinex, Bitcoin is currently trading at $82,085 this week, just below the critical resistance band of $82,200 to $83,200. Approximately 145,000 BTC changed hands during the week, indicating heightened trading activity. A close above $82,200 could reinforce bullish momentum, while traders are closely monitoring this resistance level for potential price direction.

Nokia stock (HEL: NOKIA) closed 9.72% lower at €7.43 on October 22 after the Finnish network equipment maker cut its 2026 free-cash-flow conversion forecast and reported €357 million in restructuring charges. The selloff followed third-quarter results showing comparable operating profit of €605 million, approximately 34% above analyst expectations. Nokia lowered its expected free-cash-flow conversion to 35-55% of comparable operating profit from 55-75% previously, citing higher working-capital r

According to market reports cited by ChainCatcher, SpaceX is negotiating to connect 80,000 cellular base stations to build a new network.

Spot gold fell 2.71% to $4,028.58 per ounce during Thursday's (October 22) New York close, with trading ranging between $4,145.82 and $4,021.32. Spot silver declined 5.87% to $54.5746 per ounce, trading between $57.9753 and $54.4901.

According to @SolanaFloor, ReflectMoney has recently launched a tool enabling users to create customized stablecoins on the Solana blockchain in a single transaction. Users can select the stablecoin name, collateral type, and interest distribution mechanism, streamlining the stablecoin issuance process and making it more accessible to developers and projects.

According to CNBC, Moderna shares dropped as much as 25% on Thursday, October 21, following the leak of partial data on its cancer vaccine developed with Merck. The full data released later that day showed the personalized vaccine intismeran autogene, paired with Merck's immunotherapy Keytruda, reduced the risk of recurrence or death in certain melanoma patients by 42% compared with Keytruda alone. Analysts noted the sell-off reflects inflated investor expectations rather than disappointing effi

According to MSX.COM data, optical communication and optoelectronic device-related equities weakened over the past 24 hours. AXTI fell 14.7% to $51.03, while LITE declined 12.8% to $746.64.

According to the White House, on October 22, President Trump invoked the Defense Production Act, designating domestic oil exploration, production, pipelines, storage, refining, and marine terminals as critical defense resources. The administration will use federal procurement, purchase commitments, and financial support to expand related capabilities. Trump exempted certain provisions of Section 303 of the Act to accelerate expansion, citing financing constraints, lengthy project timelines, regu

According to the Office of the Comptroller of the Currency, the OCC has released new guidelines tailored for community banks to support their participation in the cryptocurrency sector, as mandated by the GENIUS Act. The framework accommodates the size and complexity of community banks' business models, establishing proportionate regulatory requirements and examination cycles. The OCC stated the guidelines are designed to foster increased participation from community banks in digital asset activ

According to Chainlink, LG CNS, the technology arm of LG Group, has entered a strategic partnership to advance Korea's digital asset market. The collaboration will leverage Chainlink's cross-chain and data infrastructure to enhance LG CNS's digital asset platform, targeting institutional solutions for local financial entities. The partnership aims to establish new technical standards for Korea's digital asset economy, supporting compliant infrastructure in the blockchain space. Korea ranks secon

According to ChainCatcher, Aave V4's first externally-managed markets have launched on Ethereum. The markets, created in partnership with Sentora, enable users to borrow RLUSD, PYUSD, and OUSD using yield-bearing assets and blue-chip tokens as collateral across three new market instances. The launch marks the initial deployment of Aave's external market framework, expanding borrowing options for users on the Ethereum network.