Gate Crypto Flash News and Market Updates

According to the University of Michigan, the U.S. Consumer Sentiment Index for October came in at 48.0 on October 23, declining 0.2% month-over-month from September's 48.1 but beating market expectations of 46.3. The current economic conditions index dropped 8.3% to 46.7, while the consumer expectations index rose 5.4% to 48.8. One-year inflation expectations increased to 4.7% from 4.6% in September, marking the second consecutive month of gains.

According to the International Copper Study Group (ICSG), the global refined copper market posted a supply surplus of 132,000 tonnes in August 2026.

According to CME FedWatch data, as of October 24, the probability of the Federal Reserve maintaining interest rates unchanged in October stands at 88.9%, while the probability of a 25 basis point rate hike is 11.1%.

According to Baker Hughes, U.S. energy enterprises maintained their drilling rig count unchanged for the second consecutive week, indicating steady activity levels in the energy sector.

According to SoSoValue, U.S. spot Bitcoin ETFs posted $635.49 million in net outflows on October 22, marking the largest single-day withdrawal since June 25. BlackRock's iShares Bitcoin Trust (IBIT) led with $254.05 million in withdrawals, followed by Fidelity's Wise Origin Bitcoin Fund (FBTC) at $217.46 million, with the two funds accounting for approximately 74% of total outflows. ARK 21Shares' ARKB shed $109.43 million, while Grayscale's GBTC and Bitwise's BITB recorded smaller losses. The ou

U.S. oil drilling rigs increased to 460 in the week of October 23, up from 459 in the prior week.

The total number of natural gas drilling rigs in the U.S. fell to 132 for the week ending October 23, down from 133 the previous week.

According to the Bank of Korea, the central bank and government plan to amend the country's Foreign Exchange Transactions Act this year to bring stablecoins explicitly within the regulatory framework for payment instruments. Financial Services Commission Chairman Lee Eog-weon said this week that discussions on the accompanying Digital Asset Basic Act were nearing completion. The amendment aims to tighten oversight of stablecoins used for cross-border transfers and create a monitoring framework f

Hedera's Matt Ward is speaking today (October 23) at MERGE Madrid on a panel titled "Secondary Markets for Tokenized Assets: Where Are the Buyers?" The discussion features representatives from Kraken and CoinDesk, exploring buyer interest and market dynamics in tokenized asset secondary markets.

According to S&P Global, the U.S. manufacturing PMI rose to 56.0 on October 23, up 0.1 from September and marking the highest level in 53 months. The services sector PMI fell to 57.9 from 58.8, slightly below market expectations, while manufacturing exceeded the forecast of 55.5. The composite PMI declined to 57.6. PMI readings above 50 indicate economic expansion.

On Friday (October 23), the UK 10-year gilt yield rose 3.1 basis points to 5.356% in late European trading, though it declined 1.7 basis points for the week. The yield had peaked at 5.449% on October 20 before falling to 5.310% in early European trading on October 23.

According to Reuters, two senior Iranian security officials stated on Friday that Iran has devised a detailed plan to target submarine communication cables in the Gulf region in the event of further attacks by the US and Israel.

According to Yonhap Infomax, on October 23, the USD/JPY exchange rate eased 0.161 yen (-0.103%) to 156.708 yen as of 9:56 a.m. EST. The currency pair fluctuated between 156.072 and 157.156 yen during the session. Risk-averse sentiment strengthened as Asian markets opened, driving the yen higher, though the pair recovered toward flat as major regional stock indexes stabilized and U.S. equities steadied. The EUR/JPY declined 0.26% to 175.490 yen, with yen strength attributed to hedge demand amid E

According to Baker Hughes, the U.S. weekly oil rig count for the current week will be released in approximately 10 minutes, on October 23.

On October 23, German government bond yields showed mixed movement in late European trading. The 10-year Bund yield rose 1.1 basis points to 3.345%, narrowing this week's cumulative decline to 8.1 basis points. The 2-year yield climbed 2.7 basis points to 3.062%, while posting a weekly loss of 4.7 basis points. The 30-year yield fell 11.5 basis points to 3.681% for the week. The 2/10-year curve steepener narrowed by 3.371 basis points, standing at plus 28.075 basis points.

According to Senator Cynthia Lummis, Democrats recently voted against the Clarity Act, legislation designed to empower state attorneys general to directly sue digital asset exchanges. The rejection means such enforcement provisions will not be enacted, raising concerns about regulatory oversight capabilities for the crypto industry and potentially delaying efforts to establish a clearer regulatory framework.

Webull has introduced extended-hours trading for select single-stock and exchange-traded fund options to eligible US customers, available now. The pre-market window runs from 7:30 a.m. to 9:25 a.m. Eastern Time, while the post-market session operates from 4:00 p.m. to 4:15 p.m. ET. The initial product list includes options on Apple, Amazon, Nvidia, Tesla, SPDR S&P 500 ETF Trust, Invesco QQQ Trust, iShares Russell 2000 ETF, SPDR Gold Shares and Financial Select Sector SPDR Fund. Webull stated the

New York Attorney General Letitia James is seeking about $1.37 billion from NovaTech founders Cynthia and Eddy Petion on Thursday, following an August 2025 default judgment after the couple fled the U.S. and failed to respond to the state's lawsuit. The amount includes damages, disgorgement, and interest. James also announced settlements totaling nearly $6 million with four top promoters—Martin Zizi, Frantz Ciceron, Ricardo Roy Sr., and James Corbett—who agreed to benefit victims and are permane

According to Iran's Central Bank Governor, the country retains the capability to finance imports despite U.S. economic pressure, with this ability extending beyond President Trump's upcoming term.

According to Binance's official announcement on 13 October 2026, Binance Pool will permanently shut down at 07:00 UTC on 10 November 2026, leaving miners 18 days to redirect their equipment to alternative pools. The closure covers Binance Pool, Pool Savings, Cloud Mining, and related mining services; at the cutoff time, Binance will disable its Stratum endpoints and stop crediting shares. Binance Pool operated for more than six years and produced 22,188 Bitcoin blocks, holding approximately 0.84