Gate Crypto Flash News and Market Updates

According to Pakistan's Ministry of Foreign Affairs on October 23, Islamabad is committed to resolving disputes, including sanctions issues, through diplomatic channels. Pakistan maintains close contact with both Tehran and Washington, and hopes both sides exercise restraint.

According to Barron's, Oracle (ORCL) fell 2.78% to $125.54 per share on October 22 as market concerns over AI infrastructure financing costs weighed on the stock. The company has declined 35% year-to-date and 53% over the past 12 months, on track for its worst performance since 2001. Cantor Fitzgerald estimates Oracle will need to raise approximately $76 billion through 2029 to support its AI infrastructure expansion. Analysts at Cantor and Evercore ISI argue the selloff is overdone, noting Orac

According to Guru Club, Cambricon (688256.SH) reported on October 23 that its Q3 net profit reached 1.404 billion yuan, up 147.74% year-over-year. Q3 revenue totaled 3.531 billion yuan, up 104.47% YoY. The company's Q3 net profit also increased 8% sequentially from Q2's 1.298 billion yuan.

According to Bloomberg, Gemini founders Winklevoss brothers and DCG founder Barry Silbert are competing in the Zcash ecosystem, backing rival mining firms Cypherpunk Technologies and Fortitude Mining respectively. Cypherpunk currently controls about 20% of Zcash's network hash rate, while Fortitude Mining aims to reach the same level following its latest deployment, with both planning to invest tens of millions of dollars to expand operations. On the investment product side, Grayscale, a DCG sub

European natural gas futures rose to 94 euros per megawatt-hour on Friday (Oct. 24), marking the highest level since December 2022. The contract gained approximately 7 percent this week as ongoing Middle East tensions continue pressuring global supply amid Europe's peak energy demand season. Oil and power contracts also advanced.

According to Foresight News, Bybit will launch six TradFi perpetual contracts on Oct 23. Starting at 19:00 UTC, the exchange will list American Express (AXP USDT), Interactive Brokers (IBKR USDT), and Citigroup (CSTOCK USDT), followed by Critical Metals Corp (CRML USDT), Boeing (BA USDT), and Medtronic (MDTSTOCK USDT) at 19:05 UTC. All six contracts will support a maximum of 25x leverage, enabling traders to take amplified positions on these traditional finance equities.

According to Microsoft, China-state-aligned actor Storm-0940 deployed ARTEX, an open-source agentic AI penetration testing framework, in a large-scale ConnectWise supply chain attack in mid-October. The group attempted sign-ins at more than 2,250 Microsoft 365 tenants using stolen ConnectWise app credentials, with some attacks reaching privileged access in under three hours. Password spraying targeted 327 accounts across eight organizations, generating over 151,000 failed logon attempts with no

According to the Central Bank of Russia, the inflation rate forecast for end-2026 was raised to 7.1%-7.6%, up from the previous estimate of 6%-7%. As of October 19, the current inflation rate stood at 6.8%. The central bank stated that its interest rate decisions will depend on inflation developments and inflation expectations.

According to the Russian Central Bank, the central bank raised its average oil price forecast for 2026 to $72 per barrel from a previous estimate of $60 per barrel under the baseline scenario, marking a $12 increase from its earlier projection.

According to BitGo's official announcement, Kalshi Prime and BitGo launched HODL Margining, a service that allows eligible customers to borrow US dollars against digital assets held in custody at BitGo Bank & Trust for margin trading on KalshiEX. Kalshi Katalyst, Kalshi Prime's lending affiliate, provides the loans. The service supports bitcoin, ether and eligible stablecoins as collateral, enabling customers to fund trading activity without selling their crypto holdings.

According to Base, the platform announced today the launch of stock-backed loans through Aave, allowing eligible investors to use tokenized stocks as collateral to borrow USDC. This feature enables users to leverage their digital assets for increased liquidity and borrowing options.

According to the company's third-quarter report on October 22, Bloom Energy (BE-US) posted Q3 revenue of $1.236 billion, up 138.1% year-over-year, and raised its full-year 2026 revenue guidance to $4.4-4.6 billion, marking the third guidance raise this year. Product revenue surged 179.4% to $1.074 billion, driven by major cloud providers seeking on-site power solutions for data centers. Non-GAAP operating margin improved to 23.1% from 8.9% in the prior year, while product gross margin reached 38

The Central Bank of Russia kept its benchmark interest rate unchanged at 14.00% today (Oct 23), in line with market expectations.

According to blockchain analytics platform Lookonchain, a whale deployed $7.22 million across nine altcoins, acquiring 378,129 LIT worth $1.4 million, 6.61 million Ethena (ENA) valued at $1.34 million, and 3 million ONDO also worth $1.34 million. The remaining purchases included $948,000 in Aerodrome (AERO), $591,000 in Ethereum (ETH), $589,000 in Quant (QNT), $443,000 in Uniswap (UNI), $368,000 in Bittensor (TAO), and $195,000 in Pepe (PEPE). Meanwhile, Pump.fun (PUMP) faces significant selling

According to JPMorgan Asset Management, the firm announced last night the expansion of two tokenized money market funds—MONY and JLTXX—to the Solana blockchain. Both funds are now accessible to qualified U.S. investors through Morgan Money, JPMorgan's liquidity management platform. MONY is a private placement money market fund launched in December 2025 offering U.S. dollar yield exposure. JLTXX is a U.S.-registered government money market fund designed to support stablecoin issuers. The funds we

According to PANews, on October 23, Morgan Stanley downgraded CoreWeave's price target from $99 to $70, while raising Western Digital's target from $643 to $668 and Spotify's target from $640 to $700.

According to QCP, CoreWeave bond yields have surged to around 15% this year, reflecting accelerating credit repricing across AI infrastructure. The mounting pressure is spreading beyond CoreWeave to the broader neocloud infrastructure sector, weighing on technology stocks and crypto assets. Concurrently, investors are rotating into longer-duration U.S. Treasury bonds as a safe haven.

According to Baiweitech (688525.SH), DRAM and NAND Flash prices have surged significantly since 2026, driven by accelerating AI computing infrastructure investments and growing data center storage demand. The company expressed confidence in medium-term storage market opportunities from AI development and plans to advance its FOMS, CMC, and OEC advanced packaging technologies. Since the start of 2026, Baiweitech has distributed cumulative cash dividends of approximately 300 million yuan and compl

According to Guru Club, Congo plans to raise Djeno crude oil exports to 237,000 barrels per day (bpd) in December, up from 215,000 bpd in November and the highest level since October. N'Kossa crude exports are expected to decline to 31,000 bpd in December from 63,000 bpd in November.

According to Foresight News, Abdel Bakhta, head of applied AI and verifiable intelligence at StarkWare, announced today he is leaving the company to pursue AI safety. Bakhta stated that AI safety has dominated his thinking over the past year and represents one of humanity's most critical challenges, where mathematics and cryptography will play crucial roles.