Gate Crypto Flash News and Market Updates

According to Morgan Stanley, refined oil markets are expected to remain under supply pressure through mid-2027, even as war-related disruptions ease. The bank attributed the sustained tightness to unusually large-scale refinery maintenance activities globally, which continue to constrain supply.

According to an announcement at the 2026 World Traditional Medicine Congress held recently in Beijing, Yidu Technology (02158) released the traditional Chinese medicine (TCM) evidence-based AI agent 'Xiaohuangqi.' The intelligent system integrates classical TCM theory with modern evidence-based medicine, offering doctors natural language query capabilities for TCM classic literature retrieval, diagnostic guidance, herbal formula lookup, and medical terminology translation. The platform covers ov

According to Jin10 Futures, as of October 20, low-sulfur 180CST marine fuel prices in South China rose to 7,025 yuan/ton, up 60 yuan/ton, while North China (Shandong) prices climbed to 6,850 yuan/ton, up 125 yuan/ton. The price spread between South and North narrowed to 175 yuan/ton, down 65 yuan/ton. Raw material prices rebounded this week. Asphalt feedstock in Northeast China rose 140-200 yuan/ton, and shale oil benchmarks gained 300 yuan/ton. Refineries' production costs increased amid tight

According to PANews on October 21, Bitcoin Chief Analyst Cloud at Huobi HTX believes that Bitcoin, which has been trapped between $80,000 and $84,000 over the past two weeks, will likely continue consolidating in the range ahead of the Federal Reserve's rate decision on October 29 (Beijing time). Cloud attributed the consolidation to two offsetting forces: consecutive two weeks of ETF net outflows against ongoing exchange outflows and long-term holders' mild profit-taking. He noted that CME is p

Thailand's SET Index declined 1% during intraday trading on October 21.

According to BlockBeats, Citigroup raised SpaceX's price target from $200 to $240 on October 21, representing a 20% increase from its prior estimate.

According to Wccftech, Chinese smartphone manufacturers have expanded the use of recycled DRAM recovered from old devices to reduce production costs and maintain shipment volumes as memory prices surge. The recycled chips, with a lifespan of 5 to 6 years, are being deployed in entry-level models after undergoing quality testing and re-soldering to circuit boards. The move comes after low-power memory (LPDDR) faced significant price increases and supply constraints earlier this year, forcing some

According to the Japan Petroleum Association (PAJ), as of the week ending October 17, Japan's commercial crude oil inventories rose to 11.2948 million kiloliters, up 652,200 kiloliters from 10.6426 million kiloliters the previous week. Refinery utilization rates declined: crude throughput capacity utilization (BPSD) fell to 83% from 86.4%, while design capacity utilization (BPCD) dropped to 76.4% from 78.8%.

Today, UOS surged 12.06% in 15 minutes, reaching $0.00248. The cryptocurrency posted a 24-hour gain of 15.82%, with a day high of $0.00264062 and 24-hour trading volume of $146,647. Support is noted near $0.0022.

According to HSBC, the bank downgraded Chow Tai Fook (06181.HK) on October 21, cutting its target price by 39% from 531.4 to 322.9 HKD and lowering its rating from buy to hold. The downgrade reflects weaker-than-expected recovery in the third quarter of fiscal 2026, as sales remain highly sensitive to gold price fluctuations rather than decoupling through brand strength as previously expected. HSBC also cut its net profit forecasts for fiscal 2026-2028 by 21%, 41%, and 45% respectively, citing s

According to BlockBeats, Bitget CFD launched eight new CFD trading instruments today (October 21), including aluminum (XALUSD), gasoil (GASOIL), Hang Seng Tech Index (HSTECH), and Taiwan RIC Index (TWRICC), covering metals, energy, and index categories. Metals and energy contracts support up to 20x leverage, while index contracts support up to 50x leverage. All instruments are available across four trading modes: ECN, 0 fees, Pro, and Standard+.

According to China's National Energy Administration, the country's electricity consumption reached 899.7 billion kWh in September, rising 1.2% year-over-year. For the January-September period, cumulative electricity consumption totaled 807.34 billion kWh, up 3.9% from the same period last year.

Official data shows SHIBOR rates displayed mixed movements on October 21. The overnight rate declined 0.1 basis point to 1.2610%, while the 7-day rate rose 0.4 basis points to 1.3240%. The 3-month rate fell 1.19 basis points to 1.4110%.

According to BlockBeats, Binance launched five bStocks (tokenized stock) spot trading pairs on October 21. The pairs correspond to RoboStrategy Inc (BOTB), Berkshire Hathaway (BRKBB), KraneShares CSI China Internet ETF (KSTRB), Direxion Daily 20+ Year Treasury Bull 3X ETF (TMFB), and Vistra Corp (VSTB), all denominated in USDT.

According to Jin10 Futures, China's domestic liquefied petroleum gas market prices pulled back after hitting fresh highs on October 21. As of October 20, commercial LPG prices stood at 7,851 yuan/ton, down 210 yuan/ton from mid-month peaks. Downstream buyers remain cautious at elevated price levels, while weak oil market performance and sharp declines in post-methanol butane pushed prices lower. In some regions, the spread between industrial and commercial LPG narrowed to around 900 yuan/ton, ca

According to internal documents obtained by Business Insider, Amazon's AWS division has warehoused billions of dollars worth of Nvidia GB300 chips at transit facilities due to insufficient power availability at target data centers as of September 2026. AWS expects to receive approximately $5 billion in GB300 racks in August alone, with subsequent monthly arrivals of around $3 billion projected to continue, the internal memo showed. Amazon's free cash flow turned negative at $7.6 billion in the t

According to OKX, the exchange launched its new account security system "AnXin Shield" on October 21. The system enables users to check account and device security status with one click and activate six security protection measures to enhance account security. Qualified accounts that suffer losses from unauthorized third-party account takeover can receive up to 500k USDT in protection coverage. Users can file claims through official channels, with payout eligibility and amounts subject to offici

According to OKX's official announcement today, the exchange launched 'Peace Shield,' a new account security system that enables users to check account and device security status with one click. The system provides up to 500,000 USDT in protection for eligible accounts that fall victim to unauthorized third-party takeover. Users who experience covered account breaches can report the incident and submit a compensation claim through official channels, with final payout eligibility and amounts dete

According to the Supreme People's Procuratorate, on June 15, certain cryptocurrency perpetual contract platforms should be classified as illegal gambling operations and prosecuted under charges of opening casinos. The SPP's theoretical article stated that platforms without external real market matching, operated with internal settlement where operators act as counterparties and profits depend on price movements, meet the definition of illegal gambling. The SPP noted that over 95% of current plat

According to Jin10 Futures, Japanese rubber futures fell on October 21 amid yen strength and expectations of weakening cost support. A futures analyst noted that Thai raw material prices are expected to decline in October, reducing natural rubber's cost floor, unless unexpected weather disruptions occur. Analysts also cited weak tire production and declining purchase appetite from upstream factories at current price levels.