Gate Crypto Flash News and Market Updates

According to the Bank of Korea, the South Korean government and central bank plan to amend the Foreign Exchange Transactions Act this year to regulate stablecoins as a means of payment. The central bank disclosed this in response to demands from the National Assembly's 2025 audit, stating it will establish a monitoring system for virtual assets and prepare the legislative amendment jointly with the government during 2026. The measure aims to address cross-border transactions involving digital as

According to forecasts from major South Korean brokerages released today (October 23), LX International [001120] is expected to report third-quarter operating profit of 132.2 billion won, up 104.1% year-over-year, with revenue projected to rise 15.64% to 5.21 trillion won. The sharp increase is driven by rising international coal prices—boosting the mining division's profitability—and stronger shipping rates improving the logistics segment. LX International's logistics subsidiary LX Pantos is fo

According to investment banking industry sources, the Korea Export-Import Bank (Moody's: Aa2) postponed this week's planned global yen bond issuance after discovering investor demand for significantly higher spreads during soft sounding. The bank's refinancing spread surged over 10 basis points in roughly ten days amid heightened global bond market volatility. The Korea Land & Housing Corporation (Aa2) similarly abandoned its planned dollar bond roadshow after determining elevated borrowing cost

According to MIT researchers, 13 AI agents called Eko, each running on Claude Opus 4.7, were left alone to explore a simulated desert island without specific tasks for 30 hours. The agents began inventing challenges on their own, and the researchers later described this behavior as bearing hallmarks of play. In follow-up tests where the agents faced goal-oriented tasks, such as placing objects onto the island's tallest rock spire, those with 30 hours of exploratory play generally outperformed id

According to OpenAI, Uber is currently rolling out ChatGPT Work across the company to more than 30,000 employees following a pilot program with 1,000 staff. The tool, available within ChatGPT Enterprise, connects to Google Drive, Gmail, Google Calendar, and Slack to help employees with research, meeting preparation, presentations, and data analysis. Uber will support the rollout with employee training and an internal AI skills library.

According to ARK Invest disclosures, the fund complex led by Cathie Wood increased positions in Meta Platforms and Pacific Biosciences yesterday (Oct 22). ARKK bought 28,069 Meta shares (0.29% of fund), while ARKW added 7,018 shares (0.24%) and ARKF purchased 3,023 shares (0.25%). For Pacific Biosciences, ARKK acquired 266,184 shares (0.01%) and ARKG bought 88,512 shares (0.01%). ARKG also purchased shares in biotech names including Scribe Therapeutics (99,254 shares, 0.09%), Freenome (35,377 sh

According to Citibank, the bank recently reiterated Tencent, Alibaba, Meituan, Pinduoduo, and Manbang Group as top picks among Chinese internet stocks, citing attractive valuations despite recent market selloffs. The valuations remain appealing even after accounting for potential earnings downgrades of 10-30%, given the underlying resilience of core business profitability and strong balance sheets of leading internet companies.

According to Aave founder Stani, Aavenomics 3.0 will include AAVE buybacks, staking, and token burning. The announcement was made during the third quarter livestream on October 23.

According to Bloomberg, SpaceX is negotiating to lease access to at least 80,000 ground mobile base stations nationwide this week, aiming to combine its Starlink satellite constellation with terrestrial networks to become America's fourth major wireless carrier. The company is discussing terms with Crown Castle (CCI-US), with potential agreement value reaching several billion dollars, according to informed sources. Elon Musk confirmed the network expansion in SpaceX's earnings call this week, st

According to TechCrunch, Nirva, an AI wearables startup founded in 2025 by ex-Meta Reality Labs employees Wei Lyu and Jason Chen, raised $25 million in pre-Series A funding on October 22, bringing total funding to $33 million. The company's AI pendant, priced at $249, uses voice samples collected during setup to filter out nearby speakers. Audio and transcripts are deleted after processing by default. Nirva plans to open orders in November and ship devices to early users by year-end.

According to ChainCatcher, Ali Yahya, a cryptocurrency partner at a16z, announced he is leaving the firm to relocate to San Francisco and start his own company. Yahya joined a16z in 2017 as an engineer from Google Brain and has worked with the firm for nearly a decade helping build its crypto business alongside Chris Dixon. He stated that his focus for the new venture is on infrastructure supporting open software ecosystems, particularly in areas where AI enables multi-agent collaboration and a

According to Alternative.me data, the cryptocurrency Fear & Greed Index dropped to 50 today from 68 yesterday, signaling a shift from greed to neutral market sentiment. The index, tracked by Foresight News, reflects real-time changes in investor psychology across crypto markets.

Kraken announced that trading for Saffron (SFI), a point-to-point risk adjustment protocol token, begins today (October 23). The protocol's smart contracts restructure underlying decentralized finance yields according to users' specified risk preferences.

According to meeting attendees, U.S. Treasury Secretary Bessent stated on Wednesday that the artificial intelligence industry has no systemic issues and is not comparable to the dot-com bubble of the early 2000s. Bessent expressed optimism about the technology, saying it will benefit the U.S. economy through productivity gains, though he acknowledged that data centers and AI companies need to better explain the technology's benefits to ordinary Americans.

According to PANews on October 23, LG CNS, the technology subsidiary of South Korea's LG Group, and Chainlink announced a strategic partnership to advance Korea's digital asset market. Under the agreement, LG CNS will leverage Chainlink's cross-chain infrastructure, data services, and orchestration capabilities to enhance its digital asset platform solutions for Korean institutions. LG CNS is a primary contractor for South Korea's central bank digital currency initiative, Project Hangang.

According to Jin10 Futures, South China's LPG market maintained stable trading yesterday with subdued purchasing activity as downstream participants remained cautious. Strong international oil prices continued to support upstream sentiment and confidence. The market is expected to hold steady today with potential for localized price exploration operations.

According to Jin10 Futures on October 23, lithium carbonate futures prices continued to decline, with China's Guangzhou Futures Exchange issuing a risk warning on the evening of October 22. Industry analysts attributed the decline to weakening macro expectations and market repricing of long-term fundamentals. Zhengxin Futures noted that demand signals have softened while stock-futures correlation effects are pressuring prices. As import ore supply recovers and production increases, market concer

Mave, a Tel Aviv-based AI cybersecurity startup, raised $34 million on October 22 across seed and series A funding rounds. The series A, led by Red Dot Capital Partners with participation from Lumir Growth Partners, accounts for $28 million, while the seed round led by Dell Technologies Capital and Emerge Ventures contributed $6 million. Mave's platform connects existing security tools to investigate alerts and trigger automated responses. The startup counts Fortune 50 companies and managed secu

According to Jin10 Futures, China's domestic fuel oil market remained elevated on Oct 23, supported by robust feedstock costs as refineries held back supplies at lower prices. However, downstream deep-processing margins contracted, prompting traders to adopt cautious buying strategies amid mixed market sentiment. Market participants expect some fuel oil prices to hold steady today, while others may track slightly higher in narrow ranges.

According to Jin10 Futures, as of 8:30 Beijing time on October 23, spot platinum fell 0.36% and spot palladium fell 0.36%.