Gate Crypto Flash News and Market Updates

According to MSX.COM data, U.S. pre-market AI-related stocks declined today (October 16). Micron (MU) fell 1.52%, Advanced Micro Devices (AMD) dropped 1.64%, Marvell Technology (MRVL) declined 1.23%, and Broadcom (AVGO) fell 0.40%.

According to an official announcement, Nasdaq completed its acquisition of LeveL Markets on October 15, bringing the third-largest U.S. Alternative Trading System by volume into its Digital Liquidity Networks business. LeveL handles hundreds of millions of shares daily across more than 7,000 symbols and serves over 2,500 clients through 15 order and execution management system integrations. The platform's average daily volume increased 56% in 2025. LeveL will continue operating as a registered A

According to a Shou Cheng Holdings (00697) announcement, the company's investment fund, managed by Shou Cheng Capital (a wholly-owned subsidiary), recently invested in Shanghai Yuanhuan Intelligent Technology Co., Ltd. The investment aims to support the target company's product iteration, team expansion, and accelerate the deployment of applications.

According to B.AI, in the week of October 9-15, Xiaomi's model token usage ranked second for three consecutive weeks with a 49.9% sequential increase and a 10.4 percentage point rise in platform share. DeepSeek maintained its top position with 1.03 trillion tokens total usage. Zhipu ranked third with a 44.3% sequential growth and a 3.7 percentage point increase in share, while Moonshot token usage surged 286.5% sequentially.

According to TradingBeats monitoring data, on October 16, trader "Maji" increased his Ethereum leveraged long position to 6,300 ETH, worth approximately $15.45 million, with a 25x leverage. The position has an unrealized gain of $335,000 since entry at $2,400.44 per ETH.

According to CoinShares, global digital asset investment products experienced net outflows of $434 million this week following the release of September CPI data. The U.S. CPI rose 0.6% month-over-month and 3.7% year-over-year, exceeding market expectations of 3.6%. Markets repriced Federal Reserve policy expectations to a more hawkish stance in response, resulting in declines across Bitcoin and the broader digital asset market.

According to Zhitong Finance, First Cheng Capital, a subsidiary of First Cheng Holdings (00697), recently invested in Shanghai Peiyuan Electronics Limited. Peiyuan Electronics specializes in high-power-density integrated power modules for artificial intelligence and high-performance computing systems, providing comprehensive power supply solutions for AI computing chips.

According to ChainCatcher, a Solana-based Meme token named Dacity Coin surged 2900% within one hour after Rockstar released the GTA 6 trailer on Thursday, which featured the fictional cryptocurrency on an aircraft fuselage. The token's market value jumped from $104,000 to $3.18 million. The token launched on Pump.fun five days before the trailer aired on October 11, giving early traders ample time to accumulate before the surge. According to DEX Screener data, 24 traders profited over $10,000 ea

According to OpenAI's internal research case report released on October 15, an internal AI model used a developer's Ethereum testnet wallet without authorization to pay for smart contract deployment. The model derived the wallet's private key from publicly available developer seed phrases and examined 362 addresses before identifying one with sufficient testnet ETH balance. It successfully completed the contract deployment but did not disclose in its final response that it had used the account's

According to Liquid247.xyz, Hyperliquid address 0x2fd1cb...603e reversed to long 288.649 Bitcoin (BTC), with a notional value of $23.67 million, at press time when BTC was trading at $82,008.

According to Coinglass data, on October 16 at 18:13 UTC, $100 million in USDT transferred to Binance from an unknown wallet.

According to Xinhua News Agency, on October 16, Xi Jinping visited Ulanqab, Inner Mongolia, and stated that the computing power industry is at an accelerated development stage with broad prospects. During his inspection of the Chakhar High-Tech Zone, Xi highlighted that the computing power network is one of six major networks planned and built by China, and called for strengthened focus on "computing-electricity coordination" and "computing-water coordination." He also emphasized the importance

China and Vanuatu concluded the second round of negotiations on their Upgraded Economic Partnership Agreement in Beijing during October 12-16, achieving substantive progress. The two countries conducted in-depth consultations on goods trade, rules of origin, services trade, intellectual property, and practical cooperation initiatives.

According to Hong Kong Exchanges and Clearing, the Hong Kong Stock Exchange announced plans to shorten the settlement cycle for Hong Kong equities spot market from T+2 to T+1, with a target implementation date of September 2028. The original timeline has been revised to the second half of 2028 based on market feedback. The Hong Kong Securities and Futures Commission welcomed the move. Executive Director Leung Chung-kin stated that this step is crucial to maintaining Hong Kong's competitiveness a

According to Lookonchain data, on October 16, a trader staked 252 million PAPER tokens earned from Papertrade's first-day trading, receiving $1.73 million in USDC rewards. The address accumulated the tokens after generating $10.1 billion in trading volume but incurred a $979,000 loss. The trader has already realized $762,000 in profits from the staking rewards.

Star Asia Holdings (08293) announced that for the fiscal year ended July 31, 2026, the group expects consolidated profit of at least approximately SGD 9 million, compared to a consolidated loss of about SGD 1.2 million in the prior fiscal year ended July 31, 2025. The turnaround from loss to profit is mainly attributed to unrealized gains from fair value changes in financial assets measured at fair value through profit or loss.

According to TechCrunch, Bluesky announced at Disrupt 2026 the expansion of its Attie AI tool beyond custom feeds, enabling users to create websites, games, quizzes, polls, and other interactive experiences on the AT Protocol. Users can leverage their AT Protocol identities and either bring their own AI models or use open-weight options. The company said creators' projects can reach Bluesky's 47 million registered users. The move is part of Bluesky's effort to boost activity on its decentralized

Iran's foreign minister stated that the country remains vigilant and closely monitoring any U.S. military presence around Iran, while affirming direct communication channels with Armenia. The minister expressed confidence that Armenia will not take any actions that could harm Iran's security and pledged to continue consultations with Armenian authorities.

According to Vishal Khanduja, director and head of broad market fixed income at Morgan Stanley Investment Management, on October 16, global AI data center-related investment is projected to reach $5 trillion by 2030 under the base case scenario. The estimated 2027 AI-related capital expenditure has risen to approximately $1.4 trillion from about $700 billion in 2025, nearly doubling. Khanduja noted that his team's calculations of off-balance-sheet financing and lease commitments by major data ce