Gate Crypto Flash News and Market Updates

According to Morpho's official announcement, the platform has launched an onchain credit network designed to turn tokenized equity into productive assets. Morpho is a leading DeFi lending platform managing approximately $2.8 billion in total assets, primarily USDC deposits. The initiative aligns with growing interest in tokenized financial products and aims to enhance the functionality and accessibility of onchain assets.

According to the digital asset industry, South Korea's Ministry of Economy and Finance will hold a closed-door meeting with cryptocurrency exchange executives on October 19 morning regarding taxation policy. Deputy Minister Kwon Dae-young and other government officials will meet with representatives from major exchanges and the Digital Asset Exchange Alliance (DAXA). The taxation is scheduled to take effect January 1, 2027, with a basic deduction of 2.5 million won and a tax rate of 20%.

According to Odaily, Nvidia CEO Jensen Huang stated recently at an event in Berlin that the current turmoil in the AI market will eventually pass, and large-scale hardware investments will ultimately generate returns. Huang emphasized that short-term market fluctuations should not overshadow the long-term fundamentals of the AI industry, urging investors to focus on industry basics and long-term value rather than market noise.

According to Solana Accelerate's China team, via Odaily, the Solana Accelerate Shenzhen event originally scheduled for October 20 has been postponed. The postponement is due to registration numbers exceeding the originally planned scale and local event management regulations. A new date will be announced separately.

According to Odaily, payment technology company Marqeta and Coinbase have expanded their partnership to provide enterprise clients with payment cards backed by customer stablecoin assets. Coinbase will handle stablecoin custody and digital-to-fiat conversion, while Marqeta manages card issuance and payment processing; Base blockchain provides on-chain settlement infrastructure. The service targets Marqeta's enterprise customers across crypto and traditional sectors, enabling cardholders to spend

According to Guru Club, on October 17, Anthropic secured a $9 billion debt financing from Blackstone with a 10% coupon rate to support its AI infrastructure expansion. The funds will be used to purchase approximately 1.5 gigawatts of custom chips, or tensor processing units (TPUs), developed by Google, as part of Anthropic's broader $60 billion debt financing initiative codenamed Project Polaris. Blackstone's coupon rate significantly exceeds the roughly 7% yield on comparable BB-rated borrowers

According to CNBC, U.S. Secretary of State Rubio plans to visit Reliance Industries' Jamnagar refinery in India, the world's largest, amid surging American diesel prices and the upcoming midterm elections. The visit marks Rubio's second trip to India this year, during which he will meet with Indian government officials and business leaders to advance investment and economic cooperation opportunities.

According to two sources, a main unit at Russia's Ryazan refinery has halted operations since being struck by Ukrainian drones on October 15. The facility is a key part of Russia's oil production infrastructure. Meanwhile, Russian President Putin ordered military forces to conduct large-scale coordinated strikes on Ukraine's military-industrial facilities and logistics centers.

According to a Barclays report released Wednesday, prediction market traders raised the odds of a Tesla-SpaceX merger completing by early 2027 to over 50%. By Friday morning, the probability of a merger within three months jumped to 56%, up from 29% previously. April and May completion odds similarly increased to comparable levels.

According to a White House executive order issued on October 16, Trump exempted multiple sanctions and restrictive measures from the 2026 Lindsay Graham Russia and Iran Sanctions Act. The exemptions include a 500% tariff on Russian goods imported to the United States and a 100% tariff on major energy importers of Russian products and countries assisting Russia in circumventing oil trade sanctions.

According to The Block, over the past two weeks, Strive increased its Bitcoin holdings by 7,600 BTC—surpassing TD Cowen analysts' forecast of 4,750 BTC for the entire fourth quarter. This brought Strive's total BTC holdings to 35,595 coins (approximately $2.9 billion) from 28,000 in late September, prompting TD Cowen to raise Strive's price target from $44 to $56 while maintaining a buy rating. Strive now ranks fourth among publicly traded companies by Bitcoin holdings, slightly exceeding Marath

According to the New York Times and U.S. Treasury data, the U.S. federal budget deficit reached $1.99 trillion in fiscal 2026 (ending September 30), the highest level since the pandemic, surpassing the $1.78 trillion recorded in fiscal 2025. Total government spending increased 6% to $7.4 trillion, while tax revenue rose 3% to $5.4 trillion. The deficit widened due to rising military spending, higher Social Security costs, and increased debt service expenses. U.S. debt service costs surged by mor

According to Protos, Prime Trust's bankruptcy trustee won a default judgment of approximately $9 million against Poloniex operator Polo Digital Assets LTD in a preferential transfer recovery lawsuit. The judgment stems from Prime Trust's transfer of over $9 million to Poloniex and Justin Sun shortly before the company's collapse, which occurred after Prime Trust terminated operations with Sun-affiliated entities following SEC litigation against Sun. Prime Trust subsequently filed for bankruptcy

According to ChainCatcher, President Trump signed an executive order on October 17 exempting certain sanctions, restrictions, and tariffs specified under the Graham-Latta Russia and Iran Sanctions Act, effective immediately.

According to Mark Karpelès, former Mt. Gox CEO, Ledger has received reports of hardware wallet tampering since December 2025 but has not issued public warnings to users. Security researcher Joe Grand reported a compromised Nano X wallet purchased from Lazada on March 4, 2026. The company acknowledged a related security incident on October 9 involving devices from an authorized reseller, but has not disclosed further details. Karpelès warned that the threats appear to be growing more sophisticate

According to Alternative.me data, the Crypto Fear & Greed Index dropped to 55 today (October 17), down from 63 yesterday, indicating the market remains in a 'greed' state.

According to Anthropic's official blog on October 16, Claude designed quantum circuits that require significantly fewer quantum bits and gates than previously published designs across eight fundamental quantum circuit tasks in chemistry, optimization, quantum simulation, and number theory. In elliptic curve point addition, a key step in quantum algorithms for breaking elliptic curve cryptography, Claude achieved the first reversible modular inverse operation without storing branch history. The n

According to CryptoQuant founder Ki Young Ju, ETF inflows have brought $58 billion in capital to Bitcoin, while publicly listed companies hold 1.3 million BTC. Even if all these positions exit, on-chain cost basis still indicates a bottom near $30,000. Reaching $10,000 would require a 0.2 MVRV ratio, compared to Bitcoin's historical worst bottom of 0.6.

According to Odaily星球日报, cryptocurrency-related political action committees have invested over $52 million in the Ohio Senate race to support Republican incumbent Jon Husted against Democratic former Senator Sherrod Brown. Defend American Jobs, the PAC backed primarily by Coinbase and Ripple Labs, has spent $46.6 million on media advertising, exceeding its previously announced $30 million budget (Cointelegraph).

According to Russian Defense Ministry statement, on October 16, Russian forces conducted drone strikes on Odesa port infrastructure and vessels carrying supplies to the port. Ukraine's State Emergency Service reported damage to energy infrastructure in the region. Ukrainian Armed Forces reported downing 693 Russian drones and noted 304 combat engagements along the front line over the same period.