Gate Crypto Flash News and Market Updates

According to Mizuho Bank analyst Kyugo Hasegawa in a report on Oct. 23, the recent strength in the yen may be driven by safe-haven demand. French fiscal concerns have significantly pushed up the Swiss franc, raising market expectations that the Swiss National Bank may take measures to limit further franc appreciation. This situation could redirect safe-haven flows toward the yen, Hasegawa noted.

Iran claimed today that seven vessels sustained damage from attacks in the strait, while U.S. President Donald Trump countered the claims as fabricated to artificially raise oil prices. According to Gain Capital's market sentiment gauge, short positions in crude oil reached 75%, while bullish positioning in spot precious metals remained above 90%.

According to a report released on October 22 by Google, Temasek, and Bain & Company, generative AI users in Southeast Asia reached 243 million in less than three years, representing 58% of the region's labor force—adoption speed about 4 times faster than mobile internet. Only 1-2% of the local population pays for personal AI services. Electronic commerce platform Shopee handles approximately 80% of customer inquiries through AI chatbots, reducing per-contact costs by 30% year-over-year. Early ad

According to Shanghai Steel United, MMLC battery-grade lithium carbonate midpoint fell 1,750 yuan/ton in early trading today (October 23), closing at 96,650 yuan/ton.

According to Jin10 Futures, Taiwan's stainless steel mills face pricing pressure for November as rising nickel prices and currency depreciation increase import costs. The New Taiwan Dollar's continued weakness against the U.S. dollar has pushed import costs beyond the 30 USD/ton export price cuts offered by Indonesian steelmaker Tsingshan. Meanwhile, weak downstream demand and buyer resistance to price increases limit room for significant November price hikes.

According to the UAE Ministry of Interior, on October 23, the United Arab Emirates led a cross-border anti-fraud operation called "Confrontation Ghost" involving 30 countries, Interpol, and 13 private institutions including Crypto.com, Mastercard, and Meta from July 1 to September 30. The operation targeted AI-enabled fraud, digital financial scams, and cybersextortion. The initiative identified over $39 billion in assets and cryptocurrency linked to fraudulent activities, affecting more than 15

Japan's Nikkei 225 index declined 1.7% at early close on Oct 23, while the Topix index fell 1.8% during the same period.

According to Benzinga, consumer staples stocks posted record monthly gains in October, with Walmart up 16.2% and the Consumer Staples Select Sector SPDR Fund (XLP) up 11.3%, marking the best month since 1999 and 1998 respectively. Meantime, the broader S&P 500 ETF (SPY) remained flat while the Technology Select Sector SPDR Fund (XLK) fell 6.9%, signaling a significant rotation from growth to defensive sectors. Separately, Procter & Gamble (PG) reported fiscal 2027 first-quarter core earnings gro

According to Nebius Group N.V., the Nasdaq-listed Amsterdam-based AI cloud company secured a US$3.5 billion senior secured facility from Citi on October 22. The 364-day facility carries annual interest at Term SOFR plus 2.75%, rising to a maximum of 3.50%. Nebius said the funding will support data center development, GPU procurement, and general corporate purposes. The company also announced plans for up to 300 MW capacity at a New Jersey data center, backed by over US$40 billion in long-term cu

SK Hynix announced today (Oct 23) that it suspended plans to pursue initial public offerings for Solidigm, its U.S.-based subsidiary, citing recent capital market conditions and share price trends. The decision aims to alleviate shareholder concerns about equity dilution from dual listings. SK Hynix shares rose 0.33% to 1.219 million won by late morning, outperforming the broader Kospi index, which fell 2.02%. Analysts noted the decision removes valuation discount risks, though it may increase f

According to Gate data, USD/JPY rebounded to 157.029 on Oct 23, down 0.7% in the last 24 hours.

According to the Caixin-listed Technology Board Daily, DeepSeek has closed a new funding round with multiple strategic and financial backers, including Legend Capital (a Lenovo subsidiary), Shixi Capital (focused on semiconductors), and Geely. Legend Capital and Lenovo Group both operate under the Lenovo Holding structure, positioning this as Lenovo's formal entry into DeepSeek's shareholder base. The AI company has separately engaged China International Capital Corporation as IPO advisor.

According to AI & Co., on October 22, 2026, the Japanese AI infrastructure firm launched ai& video, a text-to-video, image-to-video, and video-to-video generation tool accessible via browser and API. Enterprises can build dedicated models trained on their owned characters and video assets. The service operates on a usage-based pricing model with no monthly subscription, and generation can complete in as little as 12 seconds under specified conditions.

According to billionaire investor Bill Ackman, Meta Platforms has ample financing capacity to fund its artificial intelligence infrastructure expansion, citing the company's $82.45 billion in cash, cash equivalents, and marketable securities as of September 30. Meta disclosed the balance in its Q3 2026 earnings report released on October 21, though the amount decreased from $90.26 billion at the end of June. Ackman noted that beyond existing cash and operating cash flows, Meta can access capital

Pump.fun has launched limit order functionality on EVM chains, according to the platform's announcement. Users can now set take-profit and stop-loss orders on Robinhood, BSC, Base, HyperEVM, Arc, and Ink, with additional chains to be supported in the future. Solana traders gained access to limit orders on Pump.fun in September.

According to Cointelegraph, U.S. Defense Secretary Pete Hegseth has issued a memorandum prohibiting all Department of Defense personnel from using non-public information in financial trades, including classified and unclassified information. The ban covers bets on upcoming military actions on prediction market platforms such as Kalshi and Polymarket. Hegseth stated that adversaries monitor these market movements, and military personnel lives often depend on operational secrecy. He also noted tha

According to BlockBeats and the Xiangtan Public Security Bureau, on October 23, police in Xiangtan County, Hunan Province successfully dismantled a fraud operation and detained three suspects accused of stealing cryptocurrencies using malicious links. The suspects—Zhou, Chen, and Liang—operated since August by obtaining malicious virus links via Telegram and distributing them in cryptocurrency-focused groups on QQ and WeChat to steal victims' funds. On September 4, a resident reported that 6,814

According to Jin10 Futures, polyester short fiber prices in Jiangsu rose 65 yuan per ton to 8,975 yuan/ton on October 23. The increase was driven by rising crude oil costs pushing up production expenses. Market prices currently range between 8,900 and 9,100 yuan/ton, with buyers adopting a cautious stance.

According to PR Newswire, J.P. Morgan Asset Management launched tokenized money market funds MONY and JLTXX on Solana on October 22. The funds are now available to qualified U.S. investors through the Morgan Money institutional trading platform, where investors can purchase, redeem, and receive token balances on their blockchain addresses.

According to Jin10, Japan's core consumer price inflation exceeded the Bank of Japan's 2% target in September for the first time in nine months, signaling broadening price pressures. Middle East tensions pushing up fuel costs, yen weakness raising import prices, and strong AI-driven demand are contributing to inflation despite government fuel subsidies. Masato Koike, senior economist at Sompo Institute Plus, noted that core inflation is expected to accelerate due to energy cost increases from Mi