Gate Crypto Flash News and Market Updates

Korea Investment Corporation (KIC) on October 22 backed a legislative proposal to strengthen oversight of the sovereign fund's profit distributions, according to its parliamentary audit response submitted to ruling party lawmaker Kim Sang-hoon. The amendment to the KIC Act, originally proposed by opposition lawmaker Heo Young in February, would require the fund's governing board to review and approve profit distributions instead of allowing ad-hoc government decisions. The move comes after the g

According to Zhitong Finance, Hang Seng Index ADR fell 0.07% to close at 23634.30 points on October 22. Among major blue-chip stocks, HSBC Holdings rose 1.07% to 147.366 Hong Kong dollars, while Tencent Holdings gained 0.33% to 395.095 Hong Kong dollars.

According to Smart Finance, Hang Seng Index October futures closed at 23,602 points on October 22, down 53 points or 0.224%, trading at a 50-point discount. Open interest fell to 133,587 contracts.

According to Yonhapinfomax citing the U.S. State Department, the 10-year Treasury yield jumped to 5.157% on October 21 afternoon after reports that the U.S. was preparing to evacuate some personnel from American embassies across the Gulf region. The 2-year yield rose 3.60 basis points to 4.823%. The spike reflected heightened geopolitical risk sentiment across financial markets. U.S. State Department spokesman Tommy Pigott later clarified via social media that evacuation orders applied only to n

Lam Research (LRCX) stock fell more than 6% after-hours on October 21 despite beating on Q1 earnings. The semiconductor equipment manufacturer reported record quarterly revenue of $8.22 billion, exceeding analyst consensus of $8.13 billion, and adjusted EPS of $2.20 versus expectations of $2.18. However, the company's Q2 guidance disappointed investors. Lam projected Q2 revenue of $8.6 billion (plus or minus $400 million) against analyst estimates of $8.54 billion, with adjusted EPS of $2.33 (pl

On October 21, the Office of the Comptroller of the Currency published its final GENIUS Act regulations, eliminating a proposed restriction that would have presumed certain third-party stablecoin yield arrangements unlawful. Instead, the regulator will assess such arrangements individually. The decision permits platforms like Coinbase to continue operating stablecoin rewards programs, though it does not automatically establish their legality. Direct interest payments to stablecoin holders remain

According to Railway's official announcement, the cloud deployment platform recently detected unauthorized access to its environment variable storage system. Preliminary investigation indicates that unauthorized third parties may have accessed encrypted environment variables and obtained decrypted content, potentially exposing API keys, database credentials, and repository secrets. Railway has suspended all deployments and recommends all users immediately rotate environment variables, API keys,

According to Uniswap's official Twitter, the platform announced a new hook feature launching tomorrow (October 22). The announcement generated significant community engagement, with the tweet receiving over 300 likes, reflecting user anticipation for the feature. The hook aims to enhance user experience and engagement on the decentralized exchange.

According to Whale Alert, USDC Treasury minted 750 million USDC on Solana between 06:09 and 06:11 Beijing time on October 22, across three separate transactions of 250 million USDC each, valued at approximately $750 million.

According to Yonhap Infomax, Samsung Electro-Mechanics and NVIDIA announced on October 21 a strategic partnership to enhance their global AI semiconductor supply chain. The two companies will jointly invest to expand AI chip substrate packaging production facilities in Samsung Electro-Mechanics' South Korea manufacturing sites in Sejong and Busan. Samsung will begin supplying NVIDIA with AI semiconductor substrates starting in 2026 for several years, with annual supply volumes projected to grow

According to CNBC, IBM reported third-quarter adjusted earnings per share (EPS) of $2.95 on October 21, surpassing analyst expectations of $2.86 and marking an 11% year-over-year increase from $2.65. The technology giant's total revenue reached $17.1 billion, up 5% compared to the prior year quarter. GAAP-based EPS also exceeded prior performance at $2.31, a 26% increase from $1.84 a year ago. IBM's management expects full-year free cash flow to increase by more than $1 billion compared to 2025.

According to Yonhapinfomax, a petition opposing South Korea's mandatory tender offer rule reached 50,000 signatures in just 6 days as of October 21, meeting the threshold for National Assembly review. The proposed amendment to the Capital Markets Act would allow acquirers to purchase controlling shareholders' stakes at a premium before conducting a mandatory public offer to other shareholders. Asset management firms managing 87 trillion won in combined assets have criticized the structure, argui

Yushi Technology (01511) launched intelligent assisted driving software for the newly released Buick LaCrosse and Cadillac XT5 (gasoline and plug-in hybrid versions) today, according to the company's official announcement. The solution covers urban commuting and long-distance highway scenarios. This marks a key production milestone in the passenger vehicle autonomous driving segment, with the same AI driver platform now deployed across both flagship sedans and luxury SUVs, demonstrating the tech

According to Base's official announcement, tokenized stocks will only be available in eligible jurisdictions. The restriction, disclosed in a recent tweet, represents the platform's commitment to regulatory compliance as the crypto landscape continues to evolve.

SPDR Gold Trust, the world's largest gold ETF, saw its holdings decrease by 2.566 tonnes compared to the previous day, with current holdings at 1,057.617 tonnes.

According to Saudi Arabia's Civil Aviation Authority, Houthi forces launched an attack on King Fahd Airport in Dammam, resulting in one civilian death and eight people injured.

iShares Silver Trust, the world's largest silver ETF, saw holdings decline by 19.66 tonnes day-on-day, with current holdings at 15,485.69 tonnes.

According to CME FedWatch released on October 22, the Federal Reserve has an 83.9% probability of holding rates steady at its October meeting and a 16.1% probability of adding 25 basis points. Looking ahead to December, the odds of maintaining current rates drop to 9.9%, while the probability of a 25 basis point rate increase rises to 76.0%.

According to a Meta filing on Wednesday, the company issued new shares to Chief Executive Officer Mark Zuckerberg under an agreement requiring him to remain a resident of California or Meta's home jurisdiction for eight years. The arrangement aims to prevent Zuckerberg from relocating due to California's proposed wealth tax, which could result in multi-billion-dollar tax liabilities and potentially force him to sell shares with voting rights.

On Thursday during Asia-Pacific trading, Nasdaq 100 futures fell 0.3% while S&P 500 futures declined 0.1%. Tesla shares dropped 2.8% following the company's reduction in capital expenditure guidance. Among other tech stocks, IBM fell 2.5%, while Meta rose 2.9%. Additional declines included Broadcom, AMD, and SK Hynix ADR, each down as much as 0.9%, with Western Digital gaining 0.3%.