Gate Crypto Flash News and Market Updates

According to Japan's Statistics Bureau, Japan's core inflation index (excluding fresh food) rose 2.1% year-over-year in September, exceeding the Bank of Japan's 2% target for the first time in 2026. The core-core inflation rate (excluding fresh food and energy) reached 2.4%, reinforcing market expectations for a rate hike by the central bank in December. Overall CPI also rose 2.1% year-over-year.

According to CNBC, Spotify reported third-quarter 2026 revenue of €5 billion, up 16% year-over-year, beating market expectations. Gross margin improved to 33%, and operating income reached €672 million. Monthly active users grew 11% to 788 million, while premium subscribers increased 9% to 306 million. The company guided Q4 revenue at €5.2 billion, above Wall Street consensus of €5.08–5.1 billion. Spotify shares closed up 11.1% at $583.66 on the earnings announcement.

According to consensus forecasts by 11 securities firms compiled by Yonhapinfomax on October 23, Krafton's third-quarter operating profit is expected to decline 23.43% year-over-year to 266.9 billion Korean won, with revenue falling 27.74% to approximately 1.1121 trillion won. The decline follows the stabilization of Subnautica 2's launch effects in the previous quarter and reduced seasonal event releases. Netmarble is projected to report Q3 operating profit of 70.4 billion won, down 22.55% year

The U.S. Department of Commerce announced on Thursday (October 22) plans to provide up to $389 million in combined research funding to four companies to advance power semiconductors and critical materials technologies for nuclear fusion energy and AI data center applications. Helion, a fusion energy company, will receive the largest share at up to $175 million for developing high-voltage power semiconductors and advanced power modules for fusion reactors. Commonwealth Fusion Systems will receive

According to Bloomberg, citing Goldman Sachs Prime Brokerage data released today (October 22), hedge fund clients' global equity short positions have reached approximately five times their long positions, with short leverage hitting the 99th percentile over the past five years. Goldman Sachs warned that a market rebound could trigger a "short squeeze," where forced buybacks from short sellers rapidly accelerate stock prices upward, compounding losses for other short positions.

According to a company statement, the Emirates Global Aluminium (EGA), the Middle East's largest aluminum producer, has restored 50% of production capacity at its Al Taweelah smelter in Abu Dhabi after damage sustained during recent regional tensions. The company aims to achieve full production recovery by the first quarter of 2027. However, a complete sales recovery depends on the resolution of shipping disruptions in the Strait of Hormuz, according to EGA. CEO Abdulnasser Bin Kalban stated: "R

According to U.S. Central Command, today marks the 100th day of the military's "Steel Wall" naval blockade against Iran. The operation has prevented at least $25 billion in Iranian crude oil exports and restricted the Iranian Revolutionary Guard Corps' ability to fund proxy militias, criminal networks, and terrorist organizations. Except for humanitarian aid approved by U.S. forces, Iran has conducted no maritime exports or imports.

According to Jin10 Futures, CBOT soft red winter wheat futures closed lower on Thursday, with the benchmark contract down 0.6%, driven by fund selling and technical selling pressure. Traders are closely monitoring discussions on Russia-Ukraine peace negotiations, which could ease export slowdowns in the Black Sea region if they yield progress.

Gold prices have recently hit their lowest levels in more than two months, with silver plunging over 6%. The decline comes as U.S. Treasury yields attracted safe-haven inflows. The price movements reflect broader market concerns, including recent statements from former U.S. officials regarding potential escalation in the Iran situation.

According to Odaily, HSBC launched its stablecoin RedCoin on October 22, enabling 3.3 million PayMe users to make payments at 100,000 merchants. To celebrate the launch, users can claim transaction vouchers and cash rewards. The bank also announced plans to add a stablecoin wallet to its HSBC Hong Kong mobile banking app later this year, allowing users to use RedCoin to purchase tokenized investment products including HSBC Hong Kong dollar money market funds, with a minimum subscription amount o

According to Odaily, Kraken's xStocks product line has expanded to cover more than 1,000 tokenized stocks, up from 131 previously offered. The xStocks product provides users with price exposure to equities without conferring shareholder rights. The product remains unavailable to U.S. users.

SpaceX canceled its Starlink launch today (Oct 22) due to unfavorable weather conditions. The company said the next launch window is scheduled for October 23.

According to the Financial Services Commission, South Korea announced on October 23 regulatory changes to strengthen oversight of credit-specialized financial companies. Real estate-related lending, including project financing, will be capped at 50% of total loans, down from previous category-specific limits of 30% each. Payment gateway (PG) operators must now undergo mandatory quarterly risk assessments evaluating settlement status, illegal transactions, and financial metrics. The regulator als

According to media reports, Moderna's stock plunged 17% today (Oct 22), marking the largest decline in the S&P 500, following an unexpected leak of trial data for Intismeran, an mRNA melanoma vaccine co-developed with Merck. The trial data briefly appeared on OncologyCentral website before the companies' scheduled Saturday presentation at the European Society for Medical Oncology conference. Merck's stock fell nearly 2%. Moderna and Merck subsequently announced the Phase 3 trial results showed I

According to Yonhap Infomax, South Korean securities firms are tightening credit trading restrictions on Samsung Electronics and SK Hynix from October 26 due to concentrated margin financing in these stocks. Shinhan Securities reduced credit limits to 300 million won from 2 billion won per share, Hana Securities blocked new margin purchases, and Samsung Securities raised Samsung's margin deposit ratio to 50% from 45%. As of end-September, semiconductor stocks accounted for 10.4 trillion won of K

According to Yicai, China's Tianjin No. 2 Intermediate People's Court on September 28 filed a motion to confiscate more than 61,800 Bitcoin linked to a $5.7 billion investment fraud involving over 102,000 investors. The court also seeks Bitcoin Cash, Bitcoin Gold, Bitcoin SV, XRP, Dogecoin, cash, jewelry, and other assets purchased with fraud proceeds. On October 12, UK High Court judge Mark Turner ruled that Chinese law governs victims' claims, but stopped short of determining individual owners

According to Roundtable CEO James Heckman and Coinbase Head of Institutional Strategy John D'Agostino, the real-time USDC settlement system went live on Sept. 23, enabling publishers to receive ad revenue in minutes instead of 90 days. The partnership addresses persistent payment delays in digital media, where 58% of payments arrived late in H1 2025, with 18% more than 15 days overdue, according to OAREX data. USDC, a stablecoin with a market value of $72.6 billion, settles in seconds compared t

According to Morpho's announcement, Robinhood Stock Tokens are now live on Morpho's credit network, allowing users to borrow stablecoins using these tokens as collateral. The integration enables any application to access decentralized credit markets for Stock Tokens, combining Morpho's credit infrastructure with Robinhood Chain's tokenization platform.

The Digital Chamber submitted a response to the SEC's proposed regulations on crypto assets, incorporating insights from industry stakeholders. The organization will host a webinar on October 29 at 1 PM ET to discuss the implications of its feedback and the regulatory framework.

According to Investing.com and CNBC, Bloom Energy (NYSE: BE) on October 22 reported Q3 adjusted earnings per share of $0.94, beating Wall Street consensus of $0.69 by 36 percent. Revenue reached $1.24 billion, surpassing expectations of $1.06 billion. The fuel cell and data center power solutions company also raised its full-year revenue guidance to $4.4–4.6 billion and adjusted EPS guidance to $3.10–3.40, above consensus expectations of $2.71. This marks the company's third guidance increase th