Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
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Lighter to Apply for U.S. Derivatives Licenses in November; LIT Surges 15% in 24 Hours

According to Lighter CEO Vladimir Novakovski at the Q3 investor meeting held on October 22, the platform plans to formally submit applications to the U.S. Commodity Futures Trading Commission (CFTC) in November for Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) licenses to serve U.S. institutional clients. The CFTC typically has up to 280 days to review applications. Following the announcement, LIT token surged 15% in 24 hours to trade at $3.76.
LIT11.99%
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OpenAI Backs California AI Safety Measures in Letter to Governor Newsom

According to The Information, OpenAI's U.S. policy chief Chan Park supported stronger AI regulation in a letter to California Governor Gavin Newsom on Tuesday. The company backs measures requiring AI firms to implement model shutdown mechanisms, undergo mandatory annual independent audits, and enforce stricter cybersecurity standards. OpenAI also called for strengthening California's SB53 law, passed in 2025, which currently mandates frontier AI companies to disclose safety frameworks and transp
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Brazil's Corn Exports to Europe Expected to Surge to 1.65M Tons in October, Up Sevenfold Year-over-Year

According to brokerage firm Stag International, Brazil's corn shipments to Europe are expected to hit 1.65 million tons in October, surging from approximately 200,000 tons in the same period last year. The sevenfold increase comes as Brazil effectively replaces Ukraine as a supplier to European markets, with Ukrainian exports to Europe declining due to damage to its export infrastructure from Russian strikes.
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Musk Hints at Terafab Chipmaking Breakthrough for Intel, Targets Mass Production in H2 2028

According to Seaport Research Partners analyst Jay Goldberg, Elon Musk on Tuesday (Oct. 20) hinted at potential breakthroughs in Terafab AI chip manufacturing during SpaceX's earnings call, targeting first working test chips by mid-2027 and mass production in the second half of 2028. The plan, jointly backed by SpaceX, Tesla, and Intel, signals upside for Intel. However, Goldberg expressed caution on timelines, citing challenges in equipment delivery, workforce expertise, and manufacturing proce
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CBOT Corn Futures Rise 0.5% Wednesday, Hit Three-Month Low Intraday

According to Jin10 Futures, CBOT corn futures closed up 0.5% on Wednesday, after touching a three-month low intraday amid faster U.S. harvest pace and bumper crop expectations. Late-session technical buying lifted prices off session lows, though the market remained under pressure overall. Dry weather is expected across the U.S. Midwest this week, supporting faster harvest progress. The U.S. government forecasts record corn and soybean yields this year, with the National Oceanic and Atmospheric A
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23:55
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CBOT Wheat Futures Fall 2.3% on Peace Talk Hopes, Fund Selling Active

According to market data reported on Wednesday (Oct. 22), Chicago Board of Trade (CBOT) soft red winter wheat futures closed lower as fund selling and technical selling pressured the market. The benchmark contract fell 2.3%, driven by renewed diplomatic talks that sparked market expectations of an end to the Russia-Ukraine conflict. Ukrainian President Zelenskyy stated his willingness to accept a peace agreement freezing the front line, which he described as a "true pathway to ending this war,"
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23:51
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Dunamu's Upbit Lounge Reopens as ESG and Brand Experience Space on October 22

According to Dunamu, Upbit Lounge, an offline customer support center, reopened on October 22 as a multipurpose space integrating ESG and brand experience functions. Located at Mirim Tower, floors 1-2, Teheran-ro 4-gil 14, Gangnam-gu, Seoul, the venue operates weekdays from 9 a.m. to 6 p.m. The first floor features a reception desk and Upbitree Garden, an ESG-focused space combining a digital healing garden and Seed Vault NFT collection with LED displays and natural soundscapes. The second floor
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AT&T Beats Q3 Earnings, Raises Full-Year Outlook, But Stock Falls Over 6% on Debt Concerns

According to Investing.com and CNBC, on October 21, AT&T reported third-quarter non-GAAP adjusted earnings per share (EPS) of $0.65, beating Wall Street consensus of $0.60 and surpassing prior-year $0.54 by 20.4 percent. Revenue reached $32.3 billion, up 5.3 percent year-over-year and exceeding the expected $31.69 billion, driven by strong 5G and fiber internet services. The company raised its full-year adjusted EPS guidance to $2.40 from $2.34. Despite the strong results, AT&T shares fell over
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23:49
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U.S. Equities Rise Overnight as Tech Stocks Lead; Geopolitical Tensions Push Oil Higher on October 22

According to Jin10 Futures on October 22, U.S. equity indices rose overnight: the Dow Jones Industrial Average gained 0.69% to 52,856.09, the S&P 500 rose 0.58% to 7,757.17, and the Nasdaq-100 climbed 1.05% to 26,702.86. IBM surged over 3% and Nvidia gained over 2%, leading the Dow; semiconductors and computer hardware rallied. SpaceX jumped over 7%, while Tesla and Apple each gained over 1%. The Nasdaq Golden Dragon China Index declined 2.35%. European indices also closed higher, with Germany's
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23:46
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Anthropic Launches Claude Duet, an AI Agent That Runs Continuously in the Background

According to Guru Club, Anthropic launched Claude Duet on Wednesday, an AI agent designed to run continuously in the background, proactively identify user needs, and execute tasks autonomously. Unlike traditional chatbots that respond to user commands, Claude Duet aggregates information across linked applications, sends notifications when user attention is needed, and handles tasks ranging from meeting scheduling to financial forecasting and web application development. The product is currently
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23:44
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Korean Won Strengthens to 1,320 Level Against Dollar on Record October Exports

According to South Korea's Customs Service, the USD/KRW exchange rate fell to the mid-1,320 won level on October 22, driven by strong export performance and broader dollar weakness. Exports for October 1-20 surged 105.4% year-over-year to $61.6 billion, with semiconductor shipments up 222.5% to $27.5 billion; daily average exports hit a record $4.74 billion. The won gained additional support as South Korea's stock market jumped over 4%, with foreign investors posting net purchases of 650 billion
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South Korea's Democratic Party Calls for Final Review of Crypto Asset Taxation on October 21

According to Yonhap Infomax, Democratic Party leader Kim Min-seok called for a final review of South Korea's crypto asset taxation policy on October 21, stating that authorities need to determine whether to maintain current rules or introduce regulatory improvements. Crypto asset taxation, introduced in 2020, has been postponed three times since its inception.
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South Korea's 3-Year Treasury Futures Fall to 103.13 Overnight, Trading Volume Surges

According to Yonhapinfomax, South Korea's 3-year Treasury futures declined by 1 tick to 103.13 during overnight trading on October 22, while 10-year futures fell to 106.75. The 3-year contract saw trading volume increase to 226 contracts from 143 the prior session, with 10-year volume rising to 140 from 58. Foreign investors and banks were net buyers in the 3-year segment with 4 and 208 contracts respectively, while financial investment firms and retail traders net sold 110 and 102 contracts.
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Texas Instruments Q4 Revenue Guidance Beats Expectations at $5.8-6.3B, Data Center Business Surges 95%

According to its fiscal Q4 earnings guidance released on Oct 21, Texas Instruments (TXN) forecast Q4 revenue of $5.8-6.3 billion, surpassing analyst expectations of $5.73 billion, with EPS guidance of $2.45-2.79 versus $2.26 expected. The guidance reflects recovering demand from automotive and industrial customers alongside strengthening growth in AI data center applications. Texas Instruments' fiscal Q3 results, ended September, showed revenue of $6.06 billion, up 28% year-over-year and beating
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