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.
Today
13:07
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BofA Predicts Fed Rate Hike in October as September Inflation Hits 3.7%

According to Bank of America, the Fed is likely to raise rates in October after September inflation data came in hotter than expected. U.S. consumer prices rose 3.7% year-over-year in September, up from 3.4% in August, while core inflation reached 2.6%, both above the Fed's 2% target. BofA's analyst team, led by Stephen Juneau, reiterated that elevated inflation pressure makes an October rate hike plausible. Market reaction was swift. The implied probability of a Fed rate hike in October jumped
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13:03
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Bitcoin Seller Exhaustion Hits Historic High While BTC Trades Near $80,000, Says Former Hedge Fund Manager

According to Richard Byworth, a former hedge fund professional at Syz Capital, interviewed by Bitcoin Magazine, seller exhaustion on Bitcoin has reached historical highs based on Glassnode data, while BTC has been trading near $80,000 in recent weeks. Byworth noted that on-chain indicators suggest Bitcoin is building a strong bottom despite the market showing no signs of extreme bearish sentiment. He highlighted that seller depletion at current levels matches record extremes previously observed
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13:01
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OpenZeppelin Joins Tokenized Asset Coalition to Establish Onchain Finance Standards

According to OpenZeppelin's announcement, the security-focused platform recently joined the Tokenized Asset Coalition, a collaborative effort to onboard trillions of assets onto blockchain networks. The coalition aims to establish shared standards, infrastructure, and security measures for onchain finance, seeking to build institutional confidence in blockchain-based asset tokenization and accelerate adoption across financial services.
13:01
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U.S. Semiconductor Stocks Rally on October 19 After 8-Day Decline, $2T Market Value Wiped Last Week

According to Yusmart, U.S. semiconductor stocks rebounded on October 19 as Treasury yields fell and oil prices declined. The iShares Semiconductor ETF (SOXX) rose 3.6% in premarket trading, following a 12% drop last week. The Philadelphia Semiconductor Index fell 11.4% for the week, marking its largest weekly decline since March 2025, after eight consecutive days of losses that erased approximately $2 trillion in combined market value. The selloff was driven by rising inflation concerns, expecta
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13:01
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Chanxin Technology Expresses Strong Confidence in DRAM Industry, Predicts 38.39% CAGR Through 2030

According to Odaily, Chanxin Technology held its 2026 second extraordinary shareholder meeting on October 19, expressing strong confidence in the long-term development of the DRAM industry. The company stated that AI computing demand is driving sustained global DRAM market expansion, with an expected industry compound annual growth rate of 38.39% from 2025 to 2030. Chanxin has completed product iterations across five generations of process technology and expanded its product lineup from LPDDR4X
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13:01
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Tesla Awards Musk $158.36B in 2025 Stock Compensation, But He Receives Zero After Missing Performance Targets

According to Odaily and a Tesla SEC filing released recently, Tesla CEO Elon Musk's 2025 total compensation package was valued at $158.359 billion (approximately 1.07 trillion yuan), consisting entirely of stock awards including $132.3 billion in long-term performance shares and $26.06 billion in transitional awards. If annualized across 8,760 hours, this equates to roughly $18.08 million per hour. However, Tesla disclosed that the company failed to achieve the performance and market value targe
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12:58
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Iran's Straits of Hormuz Changed War Dynamics, U.S. Must Withdraw, Says Goudarzi on October 19

According to Iran's parliamentary spokesman Goudarzi in an interview with Iran's Mehr News Agency on October 19, the Straits of Hormuz have altered the war dynamics, and the United States has no choice but to respect the Iranian people's will, withdraw from the region, and abandon excessive demands. Goudarzi stated that the U.S. must understand that threats, pressure, and intimidation cannot deprive the Iranian people of their rights or impose American will on Iran.
12:52
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Vitalik Buterin Discusses ZK Proofs and AI Agents at OKX Event

According to OKX, Vitalik Buterin emphasized the transformative potential of zero-knowledge proofs and AI agents in cryptocurrency during a keynote at an OKX event. His comments highlight an emerging focus on privacy-preserving infrastructure and enhanced security in on-chain interactions.
12:52
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Netflix Q3 Revenue Growth Forecast at 11.8%, Lowest in Three Years

According to analyst estimates compiled by LSEG, Netflix will report third-quarter earnings after U.S. market close on Tuesday (October 19), with revenue growth expected to reach 11.8% year-over-year to $12.87 billion—the lowest growth rate for the same quarter in three years. User engagement metrics have shown pressure: Apptopia data indicates Netflix's U.S. user churn rate rose 16.6% compared to the same period last year, while average monthly viewing time per subscriber declined to 49 hours i
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12:50
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Bernstein Raises Microsoft Price Target to $662; MSFT Cancels UK Data Center Deal with 23,000 Nvidia Chips

According to Bernstein, on Monday, the firm raised its Microsoft price target to $662 from $660 while maintaining an 'Outperform' rating ahead of the company's fiscal Q1 2027 earnings report scheduled for Oct. 28. Analysts expect earnings of $4.72 per share on revenue of approximately $90.4 billion. Separately, 53 of 56 analysts covering MSFT rate the stock 'Buy' or 'Strong Buy'. According to The Telegraph, Microsoft has withdrawn from an agreement with UK AI infrastructure provider Nscale to re
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12:44
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Accenture Expands Federal AI Push With Google's Gemini Agents, 1,000-Engineer Initiative

Accenture and Google Public Sector announced on Monday the deployment of Gemini launchpads to help U.S. federal agencies integrate artificial intelligence agents into government operations. The initiative will provide centralized teams of forward-deployed engineers to work alongside agency personnel developing and deploying customized AI agents for functions including human resources, finance and supply chain management. The announcement builds on the Gemini Enterprise Business Group established
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12:43
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Elon Musk Says AI and Robots Are Key to Solving America's $40.39 Trillion Debt Crisis

According to Axios, Elon Musk stated in a podcast interview with biographer Walter Isaacson that artificial intelligence and robotics are the only viable solution to address America's soaring national debt, as spending cuts alone cannot resolve the issue. Musk, who leads the "Department of Government Efficiency" (DOGE) under Trump's second term, said attempts to cut government spending face significant political resistance. Tesla has shifted focus from traditional vehicle manufacturing to roboti
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12:42
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Key Economic Data and Oil-Gold Technical Outlook for Week Ahead

According to market analysis, several key economic releases are expected this week to drive market movements across oil and gold markets. British unemployment data drops Tuesday at 06:00 AM GMT, with UK inflation forecast at 3.4% on Wednesday, while Japanese inflation and German and British manufacturing PMI readings follow Thursday through Friday. Oil prices are trading around $98 after breaking above the 23.6% Fibonacci support at $95, with next resistance at the psychological $100 level and r
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12:41
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Rebio Biotech Acquires Remaining 49.71% of Ribocure Pharmaceuticals AB via Share Swap on October 16

According to a statement from Rebio Biotech-B (06938) on October 16, the company entered into a share swap agreement with minority shareholders to acquire the remaining 49.71% equity stake in Ribocure Pharmaceuticals AB. Currently holding 50.29% of the target company, Rebio will become full owner upon completion. Shareholders will receive 15 compensation shares for each target share transferred, totaling approximately 14.87 million shares, representing 8.26% of current issued shares and 7.63% po
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12:37
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Bitmine Increases ETH Holdings by 12,535 in Past Week

According to official announcement, Bitmine added 12,535 ETH over the past week, announced on October 19. As of 3:00 PM ET on October 18, 2026, Bitmine's total Ethereum holdings reached 6,041,481 ETH, representing 4.9% of the total ETH supply (122.1 million ETH).
ETH0.23%
12:36
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Norwegian Company Bulk Pitches 2,800-Mile Canada-Europe Undersea Cable, Seeks $620M Funding

According to Bloomberg, Norwegian fiber network company Bulk pitched Project Leif Erikson on October 19, a 2,800-mile transatlantic undersea cable connecting Happy Valley-Goose Bay in Canada's Newfoundland and Labrador province to Norway's southern tip, bypassing the United States. The project, estimated to cost over $620 million, aims to provide Canada with a sovereign data link for AI, telecom, and hyperscale markets. Bulk, 65% owned by Canadian real estate subsidiary of Sun Life Financial Inc
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