Bitget UEX Daily Report | Nasdaq rose 1.05%; Meta's revenue increased by 26%; BTC rebounded to around 84,300 (October 22, 2026)

I. Selected Hot News

1. UK Inflation | September CPI Rises to 3.5%, Energy Price Increases Continue

The UK's September CPI rose 3.5% year-on-year, up from 3.1% in August; core CPI increased 2.8%, compared to a previous value of 2.6%. Automotive fuel is a significant factor driving overall inflation, and service price growth also rose from 3.4% to 3.7%.

Market Impact: The simultaneous strengthening of energy and service prices increases the pressure for inflation to persist. Future observations should focus on wages, consumption, and energy costs to assess the Bank of England's policy path and the reactions of the pound and UK bonds.

2. Energy | US Inventories Decline, Middle East Situation Drives Oil Price Rebound This Morning

US commercial crude oil inventories decreased by 3.06 million barrels last week, while distillate inventories increased by 1.68 million barrels. On October 21, Brent settled at $108.82, and WTI December contracts settled at $97.15; this morning, both rebounded to $110.10 and $98.10, respectively, during which the US requested some diplomatic personnel and their families stationed in Saudi Arabia to evacuate.

Market Impact: Inventory consumption and regional security risks jointly influence crude oil pricing, but crude oil and refined product inventories are not tightening in sync. Continued observation of actual shipments, shipping recovery, and refinery supply is needed to determine whether the risk premium can persist.

3. Stablecoin Policy | US OCC Releases Final Implementation Rules for GENIUS Act

The US OCC released final rules on October 21, covering payment stablecoin issuers under its jurisdiction, foreign issuers, and certain custodial activities, set to take effect on January 18, 2027. Anti-money laundering, bank secrecy laws, and sanctions-related regulations will be handled through separate rule-making processes.

Market Impact: Requirements for reserves, redemptions, and risk management are further clarified, providing a basis for banks and non-bank institutions to plan their operations. There remains a distinction in time and procedures between rule publication and business approval for operation; future attention should be on application acceptance arrangements and execution details.

II. Market Review

Commodity and Forex Performance

| Item | Reference Price | Data Source | |------|----------------|-------------| | Gold Futures | $4,131.10/ounce | December contract, October 22, 09:06 | | Silver Futures | $57.285/ounce | December contract, October 22, 09:06 | | WTI Crude Oil Futures | $98.10/barrel | December contract, October 22, 09:06 | | Brent Crude Oil Futures | $110.10/barrel | December contract, October 22, 09:06 | | US Dollar Index DXY | 101.693 | October 22, 09:06 | | US 10-Year Treasury Yield | 5.146% | October 21 close |

Oil prices rebounded after a decline in the previous trading day, while precious metals remain constrained by high yield environments. Both energy supply risks and financing costs are present, and the market needs to distinguish between short-term hedging trades and supply changes that can continuously affect inflation.

Cryptocurrency Performance

BTC: 84,341.97 USDT, up 1.70% in 24 hours. ETH: 2,478.13 USDT, up 1.15% in 24 hours. The total market capitalization of the cryptocurrency market is approximately $2.83 trillion, down 1.42% in 24 hours, with the total market capitalization update time at 09:19 Beijing time.

The clearing distance and cost are uniformly calculated based on the concurrent US dollar reference price of BTC $84,294.40 and ETH $2,476.73.

BTC Clearing Zone: The upper range of approximately $85,000---$85,600 is a significant potential short clearing area, about 0.84%---1.55% away from the current price; the lower range of approximately $83,600---$83,950 is a potential long clearing area, about 0.41%---0.82% away from the current price. The lower range is closer, and during a pullback, attention should be paid to whether long deleveraging amplifies volatility.

ETH Clearing Zone: The upper range of approximately $2,490---$2,530 is a significant potential short clearing area, about 0.54%---2.15% away from the current price; the lower range of approximately $2,420---$2,450 is a potential long clearing area, about 1.08%---2.29% away from the current price. The upper range is closer, and during a continuation of the rebound, attention should be paid to short covering pressure.

BTC Institutional Cost: Glassnode reported on October 21 that the average estimated cost of BTC for the treasury companies it covers is approximately $80,200, with relevant holding data as of October 19, and the current coin price is about 5.11% above this reference. As of October 18, Strategy held 848,517 BTC, with an overall average cost including fees of $75,446, and the current coin price is about 11.73% above this cost; the above differences only compare coin prices with BTC costs and do not represent the overall investment returns of the company.

In summary: BTC first looks at the pullback risk near $83,600---$83,950, then at the upward clearing pressure around $85,000---$85,600; ETH is closer to the $2,490 range. Institutional costs are located further down, and the current clearing zone and cost reference should be observed separately, not directly viewed as definite support or breakout targets.

US Stock Major Index Performance

| Index | Closing Level | Change | |-------|---------------|--------| | Dow Jones Industrial Average | 52,856.09 | +0.69% | | S&P 500 Index | 7,757.17 | +0.58% | | Nasdaq Composite Index | 26,702.86 | +1.05% |

All three major indices rose collectively, with the Nasdaq leading. AI server and semiconductor-related stocks performed strongly, but some large tech stocks still declined, as the market continues to differentiate based on performance and the degree of expectation fulfillment.

Performance of the Seven Tech Giants

| Company | Closing Price (USD) | Change | |---------|---------------------|--------| | Nvidia NVDA | 221.97 | +2.54% | | Apple AAPL | 343.99 | +1.32% | | Microsoft MSFT | 532.95 | +0.20% | | Alphabet GOOGL | 334.76 | -1.62% | | Amazon AMZN | 262.37 | -0.10% | | Meta META | 697.52 | +0.47% | | Tesla TSLA | 386.47 | +3.41% |

Five of the seven giants rose while two fell, with Tesla and Nvidia leading the gains, while Alphabet and Amazon closed lower. The prices listed are regular closing prices before earnings announcements, and the performance of Meta and Tesla's post-earnings results should be evaluated in conjunction with the next trading day's performance.

Sector Movement Observation

AI Infrastructure: Supermicro rose 9.55%, Nvidia rose 2.54%, AMD rose 3.36%, Broadcom rose 1.03%. Supermicro raised its preliminary revenue and gross margin expectations, providing new validation for server demand; future observations should still focus on order conversion, customer structure, and cash recovery.

Cryptocurrency-related Stocks: Coinbase rose 3.65%, Strategy rose 7.54%. Progress in stablecoin regulation and the rebound of crypto assets provide clues for observation, but the drivers of trading platform revenue and treasury company valuations differ, requiring separate tracking of trading activity and financing conditions.

III. In-depth Analysis of Key US Stocks

1. Meta META | Strong Advertising Growth, Cash Flow Still Pressured by Capital Expenditures

Event Overview: Meta's regular trading closed at $697.52, up 0.47%. After hours, it announced third-quarter revenue of $64.6 billion, a year-on-year increase of 26%; ad impressions grew by 10%, and average ad prices increased by 14%.

Market Interpretation: The simultaneous rise in ad volume and price supports core business growth, but $34.91 billion in capital expenditures resulted in a negative free cash flow of $2.12 billion for the quarter. The full-year capital expenditure range has narrowed to $135 billion---$145 billion, with cash spending on AI still considerable.

Investment Insight: Focus on whether the fourth-quarter revenue guidance of $73 billion---$76 billion can be fulfilled, and the ongoing contribution of AI investment to advertising efficiency. Approximately $9.9 billion in litigation costs also impacted quarterly profits, and when assessing profitability, it is necessary to distinguish between one-time costs and ongoing operating expenses.

2. Tesla TSLA | Positive Free Cash Flow, Operating Profit Down 56% Year-on-Year

Event Overview: Tesla's regular trading closed at $386.47, up 3.41%. After hours, it announced third-quarter revenue of $28.046 billion, essentially flat year-on-year; adjusted EPS was $0.48, and free cash flow was $1.531 billion.

Market Interpretation: The gross margin for the automotive business, excluding regulatory credits, was 18.1%, an improvement over the second quarter, but operating profit fell 56% year-on-year to $718 million, with an operating margin of 2.6%. Operational improvements coexist with increased investments in AI and robotics, and positive cash flow does not equate to the disappearance of profit pressure.

Investment Insight: Future focus should be on the sustainability of automotive gross margins, deliveries, and operating cash flow, while also observing the progress of new business investments converting into revenue. The increase during regular trading occurred before the earnings announcement and cannot be directly regarded as the market's final evaluation of the earnings report.

3. Supermicro SMCI | Preliminary Revenue and Gross Margin Expectations Raised in Sync

Event Overview: Supermicro closed at $35.57, up 9.55%. The company disclosed after hours on October 20 that preliminary revenue for the first quarter of fiscal year 2027 is expected to be $18.5 billion---$19.5 billion, higher than the original guidance of $14.5 billion---$15.5 billion; gross margin is expected to be 12.0%---12.5%, compared to the original guidance of 10.4%---10.8%.

Market Interpretation: The simultaneous improvement in revenue and gross margin helps alleviate market concerns about the growth quality of AI servers. The company attributes the changes to increased demand for AI platforms and improvements in customer and product mix, but this data remains an unaudited preliminary estimate.

Investment Insight: The official earnings report on November 3 will further test growth quality. Key observations should include customer concentration, delivery pace, accounts receivable, and cash flow to determine whether demand growth can be steadily converted into profits.

IV. Market and Project Dynamics

1. Solana Activates Alpenglow Consensus Upgrade

Anza announced on October 21 that Alpenglow has gone live on the Solana mainnet test version, reducing transaction finalization time from approximately 12.8 seconds to about 150 milliseconds. Faster settlement benefits payment and transaction experiences, and future observations should focus on network stability and actual application adoption.

2. Grayscale Expands Physical Subscriptions to 10 Products

Eligible investors can directly deliver the corresponding digital assets in exchange for designated ETF or trust shares, covering assets like BTC, ETH, SOL, XRP, etc. This mechanism improves the convenience of transferring holdings into investment products, but physical subscriptions themselves cannot be equated with new cash inflows.

3. Standard Chartered Signs Final Agreement to Acquire Zodia Custody

Standard Chartered intends to acquire 100% of Zodia Custody, with the transaction still requiring regulatory approval and fulfillment of closing conditions. Upon completion, the custody business will be integrated into Standard Chartered's securities services department, while the software business is expected to operate independently as Zodia Solutions, with financial terms undisclosed.

4. Aerodrome and Velodrome Merge to Launch Aero

The on-chain spot trading platform after the merger covers seven networks including Ethereum, Base, and Robinhood Chain. The existing AERO and VELO will migrate to the new AERO token. Cross-chain integration expands the business scope, and attention must also be paid to migration arrangements, liquidity distribution, and changes in governance structure.

V. Today's Market Calendar

Beijing Time | Country/Region | Event | Market Attention Level

October 22, 20:30 | United States | Initial and Continuing Jobless Claims | High

October 22, 20:30 | United States | Procter & Gamble Q1 FY2027 Earnings Call | High

October 22, 22:00 | United States | September Conference Board Leading Economic Index | Medium

October 22, 23:00 | United States | Kansas Federal Reserve Manufacturing Survey | Medium

Key Event Outlook: Employment data will test the resilience of the labor market, while leading indicators and regional manufacturing surveys will provide additional growth clues. Procter & Gamble's sales, pricing, and cost performance will help observe whether consumer demand can withstand pressures from energy prices and financing costs.

Institutional View: Glassnode emphasized in its report on October 21 that there are still various supply pressures above BTC at $85,000---$87,500. Continuous ETF inflows, if accompanied by a rebound in trading volume, would better indicate an expansion in demand. This is a medium-term observation framework, distinct from the short-term liquidation zone this morning.

This article is for market information reference only and does not constitute investment advice.