Gate Crypto Flash News and Market Updates

According to regulatory filings and sources familiar with the matter, General Motors has canceled a long-term supply agreement with a U.S. manufacturer of rare earth magnets for electric vehicles, with the two parties entering arbitration. GM was the manufacturer's largest customer. The cancellation reflects shifts in the U.S. auto industry following President Donald Trump's return to office in 2025 and cuts to federal EV support.

According to a CNBC interview at Nvidia's GTC developer conference in Berlin on Oct 22, CEO Jensen Huang stated that memory chip supply oversupply is unlikely through 2029. Huang emphasized that memory demand will continue to increase, with HBM (high-bandwidth memory) and LPDDR (low-power DDR) seeing sustained heavy adoption. He noted that Nvidia was the first to introduce LPDDR memory from smartphones into data centers, achieving twice the energy efficiency of existing products. When asked abou

According to Bitfinex, Bitcoin is currently trading at $82,085 this week, just below the critical resistance band of $82,200 to $83,200. Approximately 145,000 BTC changed hands during the week, indicating heightened trading activity. A close above $82,200 could reinforce bullish momentum, while traders are closely monitoring this resistance level for potential price direction.

Nokia stock (HEL: NOKIA) closed 9.72% lower at €7.43 on October 22 after the Finnish network equipment maker cut its 2026 free-cash-flow conversion forecast and reported €357 million in restructuring charges. The selloff followed third-quarter results showing comparable operating profit of €605 million, approximately 34% above analyst expectations. Nokia lowered its expected free-cash-flow conversion to 35-55% of comparable operating profit from 55-75% previously, citing higher working-capital r

According to market reports cited by ChainCatcher, SpaceX is negotiating to connect 80,000 cellular base stations to build a new network.

Spot gold fell 2.71% to $4,028.58 per ounce during Thursday's (October 22) New York close, with trading ranging between $4,145.82 and $4,021.32. Spot silver declined 5.87% to $54.5746 per ounce, trading between $57.9753 and $54.4901.

According to @SolanaFloor, ReflectMoney has recently launched a tool enabling users to create customized stablecoins on the Solana blockchain in a single transaction. Users can select the stablecoin name, collateral type, and interest distribution mechanism, streamlining the stablecoin issuance process and making it more accessible to developers and projects.

According to CNBC, Moderna shares dropped as much as 25% on Thursday, October 21, following the leak of partial data on its cancer vaccine developed with Merck. The full data released later that day showed the personalized vaccine intismeran autogene, paired with Merck's immunotherapy Keytruda, reduced the risk of recurrence or death in certain melanoma patients by 42% compared with Keytruda alone. Analysts noted the sell-off reflects inflated investor expectations rather than disappointing effi

According to MSX.COM data, optical communication and optoelectronic device-related equities weakened over the past 24 hours. AXTI fell 14.7% to $51.03, while LITE declined 12.8% to $746.64.

According to the White House, on October 22, President Trump invoked the Defense Production Act, designating domestic oil exploration, production, pipelines, storage, refining, and marine terminals as critical defense resources. The administration will use federal procurement, purchase commitments, and financial support to expand related capabilities. Trump exempted certain provisions of Section 303 of the Act to accelerate expansion, citing financing constraints, lengthy project timelines, regu

According to the Office of the Comptroller of the Currency, the OCC has released new guidelines tailored for community banks to support their participation in the cryptocurrency sector, as mandated by the GENIUS Act. The framework accommodates the size and complexity of community banks' business models, establishing proportionate regulatory requirements and examination cycles. The OCC stated the guidelines are designed to foster increased participation from community banks in digital asset activ

According to Chainlink, LG CNS, the technology arm of LG Group, has entered a strategic partnership to advance Korea's digital asset market. The collaboration will leverage Chainlink's cross-chain and data infrastructure to enhance LG CNS's digital asset platform, targeting institutional solutions for local financial entities. The partnership aims to establish new technical standards for Korea's digital asset economy, supporting compliant infrastructure in the blockchain space. Korea ranks secon

According to ChainCatcher, Aave V4's first externally-managed markets have launched on Ethereum. The markets, created in partnership with Sentora, enable users to borrow RLUSD, PYUSD, and OUSD using yield-bearing assets and blue-chip tokens as collateral across three new market instances. The launch marks the initial deployment of Aave's external market framework, expanding borrowing options for users on the Ethereum network.

MSCI Emerging Markets Index fell 2.5% to its lowest level since July as of October 22, amid mixed U.S. technology earnings reports and cooling investor sentiment toward artificial intelligence. The Developing Countries Foreign Exchange Index declined 0.2%, with net oil-importing nations including South Africa, Chile, and Poland seeing sharper currency depreciation. Brazilian real also weakened significantly ahead of the weekend election. Brent crude reached its highest price since May amid broad

According to The Verge, Meta revised its business terms on October 22 by removing language explicitly stating it would "train" AI models on scraped news content, effective October 30. However, legal experts say the changes are insufficient to block the practice. The updated terms still allow Meta to use scraped content to "develop" business products, a term broad enough to encompass AI training, according to James Grimmelmann, a digital law professor at Cornell Law School, and Matt Topic, a medi

According to @BuildOnStellar, Stellar deployed confidential tokens on its mainnet on October 22, enabling users to add a privacy layer to any SEP-41 token. The announcement, which comes ahead of Stellar's Meridian event on October 28-29, has garnered strong community engagement, with numerous retweets and positive reactions indicating interest in the new privacy-enhanced functionality. The deployment allows users to manage their assets with an additional layer of confidentiality within the Stell

Gilead Sciences announced it will acquire PepStar Therapeutics' oral anti-inflammatory drug program for $1.275 billion in cash. The acquisition adds HCXT-2001, an experimental oral medicine for inflammatory bowel disease, to Gilead's portfolio. HCXT-2001 targets the IL-23 signaling pathway, an established target in inflammatory disease treatment, and is currently in early-stage clinical trials.

Fuel cell system supplier Bloom Energy reported third-quarter revenue of $1.24 billion, surpassing analyst expectations of $1.08 billion and representing 138.1% year-over-year growth. Adjusted EBITDA reached $299.5 million versus the expected $241.2 million, while adjusted EPS came in at $0.94 per share compared to the $0.68 estimate. The company raised its full-year revenue guidance to $4.4–4.6 billion, implying a 122% increase year-over-year at the midpoint and exceeding its prior estimate of

According to ChainCatcher, Aztec's V6 upgrade proposal has been approved, though the governance dashboard still displays voting as open. The upgrade is scheduled for execution on October 26 and will enhance message passing speed between Ethereum and Aztec, while providing 30 days of operational funding for the V5 version during the migration period.

According to Binance market data, on October 23, U.S. stock indices closed lower. The Dow Jones declined 0.02%, the Nasdaq fell 2.88%, and the S&P 500 dropped 1.17%. Among major individual stocks, SPCX fell 9.37%, leading losses on the session.