Gate Crypto Flash News and Market Updates

President Donald Trump announced on October 21 via Truth Social that new large-scale data centers must self-generate electricity and supply excess power to local communities or the power grid. Trump stated he will mandate such requirements for large or mega data centers. He argued this approach will prevent local electricity rates from rising and could significantly lower power prices. Trump also suggested data center companies should provide financial dividends to communities and residents to g

According to Jin10, Ken Griffin, founder of Citadel, said on Tuesday at the Future of Global Markets Conference in New York that the current artificial intelligence investment boom has 'almost certainly' formed a bubble, comparing it to the internet bubble. S&P Global estimates that six major technology companies including Amazon and Microsoft will spend over $7 trillion on AI-related capital expenditures between 2025 and 2030.

According to ChainCatcher, Bitget has launched stock perpetual contracts for ELICE (Elice Inc.), settling in USDT with support for up to 20x leverage and 24/7 trading. The exchange now supports 369 stock perpetual contract pairs.

According to JPMorgan Asset Management's 2027 Long-Term Capital Market Assumptions released on October 19, the firm projects Bitcoin to deliver a 10% annualized compound return over a 10- to 15-year horizon, compared with 7.5% for US large-cap equities, 8.2% for real estate investment trusts and 5.5% for gold. The report marks the first time JPMorgan has introduced explicit long-term return scenarios for Bitcoin in its annual capital market assumptions. However, JPMorgan does not recommend Bitco

According to Salus, on October 21, the Drift Protocol attacker transferred 4,600 ETH to Tornado Cash in 46 transactions worth approximately $11.23 million. The previously dormant wallet had not recorded outflows for about 202 days prior to the transfer. Two tracked wallets have cumulatively deposited 30,310 ETH to Tornado Cash.

FRONT surged 60.74% in one hour today, reaching $0.015714. The token's 24-hour high reached $0.017618, with a 24-hour price increase of 27.92%. Current market cap stands at $1,414,174, with 24-hour trading volume recorded at $5.77.

According to Citibank's Investment Strategy division, as of October 14, emerging cloud service providers' AI-related bonds fell 4.8% year-to-date amid investor concerns over massive AI infrastructure debt and slowing returns. The sector faces the highest volatility among AI high-yield bonds at 13.1%, compared to the broader AI credit board's 6.0%, and shows the strongest correlation with AI stock indices—each 1% move in AI stocks corresponds to approximately 0.3% change in related bonds. Citiban

According to ChainCatcher, blockchain data acceleration network Optimum has launched mump2p, a data propagation tool, on the Ethereum mainnet. The tool employs random linear network coding to reduce redundant data transmission and helps validators receive and broadcast blocks and proof messages faster. Optimum reports that mainnet block propagation speed can reach 2 to 4 times the GossipSub benchmark baseline.

According to Shinyang Securities, on October 21, the analyst projected that the dollar-won exchange rate's fair value stands at 1,361 won after recent sharp declines, with the Bank of Korea expected to raise rates further in November. The median value of the central bank's dot plot is set to be adjusted upward to 3.50%, with the year-end benchmark rate reaching 3.25%. The analyst cited strong growth, core inflation pressures, and heightened property market concerns as reasons for continued tight

According to the Israel Defense Forces, the military began voting for Israeli parliamentary elections on October 21, deploying approximately 850 polling stations across Israel and overseas positions. The early voting was scheduled to allow troops stationed in remote areas and frontline combat zones to exercise their voting rights ahead of the national election date on October 27. The military polling stations will remain open through October 27.

According to BlockBeats, on October 21, Moderna (MRNA) gained 11.04% over the two most recent U.S. trading sessions, closing at $242.08 with an intraday high of $243.98. The rally is ahead of detailed Phase 3 results for intismeran autogene, an individualized mRNA cancer therapy co-developed with Merck. The European Society of Medical Oncology (ESMO) conference will present findings on high-risk melanoma on October 24 at 22:30 Beijing time. Since August 18, MRNA has surged approximately 284.5% f

According to data from the Fujairah Oil Industrial Zone (FOIZ), refined product inventories at the Fujairah port in the United Arab Emirates rose by 422,000 barrels to 7.247 million barrels for the week ending October 19. Light distillates increased 544,000 barrels to 1.304 million barrels, while middle distillates fell 513,000 barrels to 2.261 million barrels. Heavy distillates and residual fuel oil inventories grew 391,000 barrels to 3.682 million barrels.

According to LSEG data, German day-ahead baseload power prices dropped 28.88%, settling at 153.05 euros per megawatt-hour.

Elon Musk stated on Tuesday, October 20, that merging SpaceX and Tesla is a good idea, and disclosed that both companies have established a special committee to discuss the merger. Following the announcement, Tesla stock surged 8% in after-hours trading. According to eToro Asia-Pacific chief analyst Josh Gilbert, the combined entity would represent the largest merger in market history, with a total valuation of approximately 3.5 trillion dollars. However, Gilbert cautioned that the transaction f

On October 21, Vice Minister of China's Ministry of Industry and Information Technology (MIIT) Xin Guobin stated that the country's intelligent connected vehicle industry has achieved phased results. The MIIT will deepen cross-sector collaboration, steadily expand scenario applications, cautiously advance pilot programs for autonomous vehicle market access and road operations, and accelerate large-scale demonstrations in key autonomous driving scenarios.

On October 21, Probly, an on-chain prediction market platform, concluded its participation as a Gold Sponsor of TOKEN2049 Singapore and co-hosted the WHALE3RA Afterparty alongside BloFin, TxFlow, and other ecosystem partners. Probly currently supports 5,100 events and 47,000 markets across sports, geopolitics, crypto, finance, and politics. The platform offers 172 active live markets for same-day trading, including high-frequency rolling markets for Bitcoin, Ethereum, Solana, and XRP.

According to PANews, Bitcoin broke through the $83,000 level on October 21, trading at $83,002.40 per unit with a 0.47% daily gain, according to OKX market data.

According to SBJ Bank, on October 21, SBJ Bank, LINE NEXT, and JPYC signed an agreement to pilot yen stablecoin recharge functionality linking bank accounts to digital wallets. The three parties will test the feasibility of connecting bank accounts to digital wallets using JPYC, a yen-denominated stablecoin. SBJ Bank will provide accounts and banking infrastructure, LINE NEXT will contribute digital services and blockchain technology including Unifi Pay, and JPYC will support stablecoin issuance

According to ZachXBT, on October 21, 973,000 MORPHO tokens worth approximately $2.3 million were stolen from two institutional addresses within hours. The stolen funds were transferred to Tornado Cash. Both theft incidents involved EIP-7702 account delegation transactions. One of the affected addresses was previously hacked on October 10, resulting in $3.5 million in losses. ZachXBT noted on-chain connections linking one victim address to an address suspected to belong to Nima Capital.

According to Zhitong Finance, Zhongyun Technology (871481.NQ), a smart passenger transport operator listed on the National Equities Exchange and Quotations, received board approval on Tuesday, October 20, to issue H-shares and list on the Hong Kong Stock Exchange Main Board. The proposal still requires shareholder approval and regulatory clearance from the China Securities Regulatory Commission, Hong Kong Securities and Futures Commission, and HKEX. For 2025, the company reported operating reven