Gate Crypto Flash News and Market Updates

According to Ukraine's Energy Ministry, Russian forces carried out attacks on energy infrastructure across 6 Ukrainian regions today, leaving over 500,000 people without power.

HSBC began its phased rollout of RedCoin, a Hong Kong dollar-backed stablecoin, to PayMe users on October 23, 2026, targeting the application's 3.3 million users and a merchant network of approximately 100,000 businesses across Hong Kong. Customers can activate RedCoin wallets through the updated PayMe application without maintaining a minimum balance or completing additional account-opening procedures. The stablecoin initially supports person-to-person transfers and payments to participating me

The Austrian Foreign Ministry designated four Russian diplomats stationed in Vienna as persona non grata today, October 23, citing conduct incompatible with their diplomatic status.

According to Jin10, Bridgewater's China unit told investors on October 23 that it has reduced overweight gold positions established earlier, citing rising interest rates that increase gold's opportunity cost, and higher oil prices that dampen demand from energy-importing nations like India. The hedge fund expressed cautious optimism on Chinese domestic equities, noting that current stock valuations remain reasonable, policy orientation favors long-term capital formation, and lower bond yields ma

Germany is scheduled to release its October manufacturing and services PMI preliminary data today at 3:30 PM Beijing time. The data is closely monitored by markets as an early indicator of economic activity in Europe's largest economy.

According to Saxo Bank, U.S. 10-year Treasury yields broke below 5% today as AI investment return concerns triggered a broad risk-off shift. Brent crude oil climbed to $114 per barrel amid geopolitical tensions in the Middle East. The bank noted that changing risk sentiment is reshaping debt and currency markets, with investors rotating into safe-haven assets.

France's composite purchasing managers' index (PMI) fell to 48.4 in October, falling short of the forecasted 50.3 and declining from 51.1 in the previous month.

France's manufacturing PMI initial reading came in at 49.3 for October, falling short of the forecast of 50.5 and down from the previous month's 50.6.

EUR/USD broke below the 1.12 level today, declining 0.12% intraday.

According to Foreign Ministry spokeswoman Mao Ning on October 23, German President Frank-Walter Steinmeier will visit China. Mao Ning stated that China-Germany comprehensive strategic partnership is developing healthily and stably, which serves the interests of both nations. The announcement came during a regular Foreign Ministry briefing.

According to Jin10, the Shanghai Futures Exchange released warehouse receipt data for precious and non-ferrous metals on October 23. Copper futures warehouse receipts stood at 19,058 tonnes, down 4,729 tonnes from the previous trading day. Aluminum futures receipts decreased by 2,719 tonnes to 68,242 tonnes, while zinc futures declined by 2,226 tonnes to 66,551 tonnes. Nickel futures receipts fell by 60 tonnes to 90,731 tonnes. Lead futures warehouse receipts decreased by 302 tonnes to 18,082 to

According to Jin10 on October 23, Shanghai Futures Exchange energy and chemical commodity warehouse inventories showed mixed changes. Pulp futures warehouse inventory increased to 423,493 tonnes (up 10,167 tonnes), while fuel oil futures surged 16,000 tonnes to 56,000 tonnes. Other tracked commodities, including paper, bitumen, crude oil, and low-sulfur fuel oil, maintained stable inventory levels.

According to Beating AI, Anthropic plans to go public mid-November with an IPO valuation of approximately $1.5 trillion, 55% higher than its May funding valuation of $965 billion. Multiple VC firms stand to gain massive paper returns: Menlo Ventures (stake value ~$218 billion), Iconiq ($264 billion), Sequoia Capital ($150 billion), and others. By contrast, FTX sold its entire stake during bankruptcy in 2024 for ~$1.3 billion. Had FTX retained its 7.84% stake, it would theoretically be worth ~$11

Kering's European-listed stock declined 11% following weaker-than-expected third quarter sales at Gucci, the French luxury conglomerate's flagship brand.

According to BlockBeats, Solana Foundation's payments growth lead Amira Valliani said today (Oct 23) that any asset with value could potentially be tokenized over the next decade. Valliani noted that tokens are fundamentally machine-readable and machine-processable representations of assets, enabling more assets to enter a programmable and tradable digital ecosystem.

According to IEA Director Fatih Birol, European natural gas storage has fallen to historic lows as the continent enters winter on October 23. Birol warned that Europe is particularly vulnerable and can no longer withstand further supply shocks, noting that the region depends heavily on Middle Eastern fuel supplies. He stated that gas inventories remain well below historical average levels heading into the winter season, adding that "Europe will face difficult times this year and next year."

At midday close today (October 23), China's commodity futures showed mixed performance. Fuel oil and LPG led gains, each rising over 6%, followed by low-sulfur fuel oil (LU) up 5% and propylene up nearly 5%. Polypropylene, pure benzene, SC crude oil, synthetic rubber, and eggs gained over 3%. On the downside, Shanghai silver fell over 5%, caustic soda dropped over 3%, while Shanghai gold and platinum each fell over 2%.

According to Jin10 Futures, as of 15:00 Beijing time on October 23, spot platinum declined 0.22%, while spot palladium gained 0.17%.

According to Jin10, Shanghai gold spot prices closed at 862.76 yuan per gram on Friday, October 23, trading 1.42 yuan per gram higher than the international gold price of 861.34 yuan per gram.

According to reports and people involved in the funding process, OpenAI is nearing completion of a $30 billion funding round with a pre-money valuation of $1.25 trillion this month, down from a $1.4 trillion ask proposed earlier in October. The valuation reduction came after investors showed resistance to the higher pricing. Morgan Stanley and San Francisco-based Dragoneer had pitched OpenAI to wealth management clients at the $1.4 trillion valuation, but market interest has cooled significantly