Gate Crypto Flash News and Market Updates

According to Bloomberg, DeepSeek completed a funding round raising approximately $15 billion (100 billion yuan) today (October 22), marking one of China's largest fundraising events. Lead investors include Ningde Times and Tencent. The funds will support DeepSeek's global competition with U.S. AI companies including Anthropic and OpenAI.

According to Shanghai Steel Union, battery-grade lithium carbonate (MMLC) spot prices fell to 98,800 yuan/ton this morning, down 1,750 yuan/ton from yesterday's 16:30 closing price.

According to Haseeb Qureshi, managing partner at Dragonfly, on Oct 22, a cyber attack wave resembling a "pandemic" is sweeping across the security landscape. Citing DefiLlama Research data, Qureshi noted that on-chain hacking incidents have surged, though the total stolen amount remains comparable to 2025 levels, with average losses per incident declining. He noted smaller protocols have largely been compromised, while major protocols are reinforcing defenses using AI tools.

According to Jin10 Futures, as of October 12, ICE raw sugar futures closed at 20.47 cents per pound, with the CNY exchange rate at 6.6760. In-quota Brazilian sugar processing costs after customs duties were estimated at 5,052 yuan per ton, while out-of-quota costs reached 6,437 yuan per ton. Compared with price quotes from Zhangzhou Sugar Factory, in-quota Brazilian sugar showed an estimated profit margin of 848 yuan per ton, while out-of-quota sugar faced an estimated loss of 537 yuan per ton.

According to reports, JPMorgan officially launched JPM Coin (JPMD), its USD deposit token, on the Ethereum blockchain. The token expands from the Base network to Ethereum Layer 1, enhancing accessibility for institutional clients and enabling instantaneous USD-backed transactions through the platform's robust ecosystem. The move positions JPM Coin within Ethereum's established decentralized finance infrastructure, reinforcing JPMorgan's commitment to blockchain integration in institutional finan

Uniswap announced today that UNI futures are now available on CME Group, marking the first time a DeFi protocol token has been offered on the exchange. The announcement was shared by Uniswap and confirmed by co-founder Hayden Adams on X.

JPMorgan Chase raised SpaceX's price target to $500 from $240, nearly tripling its forecast based on the company's 13-gigawatt computing capacity expansion targets. The stock currently trades at $147.79. The bank maintained its overweight rating, basing the new target on a 2028 GAAP earnings-per-share estimate of $24.41 multiplied by a 20-times valuation multiple.

According to Odaily, Coinbase and major crypto industry organizations reduced their third-quarter federal lobbying spending compared to the previous quarter, though total expenditure still exceeded $4 million for the period and has remained above this threshold for six consecutive quarters. The spending decline followed the failure of the CLARITY Act in the U.S. Senate in September, which aimed to establish a regulatory framework for digital asset markets. Year-to-date through mid-2026, the cryp

According to on-chain analyst Ai Yi, an address withdrew 4,500 ETH from Binance 9 hours ago at $2,509.24 per token, totaling $11.29 million, according to Odaily. The address last accumulated ETH nine months ago when the token was trading above $3,000.

According to DeFiLlama data, Bitget recorded $867 million in net inflows over the past 24 hours, placing it at the top of all centralized exchange platforms.

According to Coinglass, over $213 million in liquidations occurred across crypto futures markets in the past 12 hours as of October 22, with long positions accounting for $112 million and short positions for $101 million.

According to Jin10 Futures, on October 22 at 10:15 AM, the CNEX money market sentiment index reported 50, up 3 points from 08:45. By sector, large banks recorded 47, mid-sized and smaller banks reported 50, and non-bank institutions reported 52, each rising 3 points.

According to BlockBeats, Aerodrome and Velodrome completed their merger today (October 22), launching Aero, a unified on-chain spot trading platform spanning Ethereum, Base, Robinhood Chain, Ink, OP Mainnet, Arc, and Arbitrum. The merger consolidates the two platforms' operations under a single token system: legacy AERO tokens swap at 1:1, while VELO converts at a rate of 1 VELO = 0.044 AERO; veAERO and veVELO staking positions convert to sAERO. Binance announced support for the token migration

According to the Stellar Development Foundation, SDF has partnered with Hedera, Aptos, Ava Labs, Cardano, and Chainlink to submit a formal letter to the SEC requesting clear definitions of digital commodities under the proposed Regulation Crypto Assets. The collaborative effort signals a broader industry push for regulatory clarity and durable frameworks to support market growth.

According to the U.S. Attorney's Office for the Southern District of New York, Colombian crypto broker Leonardo de Jesus Zuluaga Duque was sentenced to 160 months in federal prison for laundering approximately $14.5 million in drug trafficking proceeds, primarily through USDT, and for his role in a cocaine smuggling conspiracy. The court also ordered the forfeiture of approximately $14.75 million and related crypto assets.

According to Bank of Korea Governor Shin Hyun-sung, heightened external uncertainty—particularly shifts in Middle East tensions and U.S. policy—requires additional time to evaluate the economic outlook. The central bank governor noted that South Korea's 2026 merchandise exports are expected to surpass $1 trillion, with current account surplus forecasted to exceed $450 billion.

According to Foresight News, Bitget has launched AXIS USDT-margined perpetual contracts supporting up to 20x leverage. The exchange will simultaneously open its contract trading bot feature for the new product.

According to ChainCatcher, Bitget launched perpetual futures for five popular stocks—EBAY, IBKR, MSCI, HLT, and ABBV—today (October 22). The contracts are settled in USDT, support up to 20x leverage, and are available for 24/7 trading. Bitget now supports perpetual futures for 374 stock symbols in total.

According to CCTV News, on October 22, China's National Computer Virus Emergency Response Center and the National Engineering Laboratory for Computer Virus Prevention and Treatment reported multiple 'Weaxor' ransomware attacks against Chinese users. The malware encrypts files and appends the '.weax' extension to their names. Attackers also leave ransom notes demanding payment for file recovery.

According to Glassnode's latest weekly report, as of October 20, altcoin funding rates with premium levels dropped from nearly 25% in late September to below 5%, nearing 2-year lows. However, at fixed prices, altcoin open interest declined only about 5% from October peak levels, indicating most leveraged positions remain unlosed. Glassnode noted that if funding rates rise again, it would signal renewed accumulation of leverage crowding.