Gate Crypto Flash News and Market Updates

According to Yonhap, South Korea's government will meet with representatives from five major crypto exchanges—Upbit, Bithumb, Coinone, Digital X, and GOPAX—on October 20 to discuss virtual asset taxation plans scheduled to take effect in January 2027. Under the current proposal, gains from virtual asset transfers and lending above 2.5 million won would be taxed at a combined rate of 22% through other income tax and local income tax.

According to the French Interior Ministry, large-scale protests occurred across France on October 17, with 550,000 participants reported by the government, or approximately 800,000 according to French unions. About 400 people were arrested nationwide, with 110,000 of the 550,000 demonstrators concentrated in Paris. The protests united farmers, climate activists, students, and several labor unions, demanding action on fuel prices, cost of living, education, and public services. Some demonstration

According to Tread.fi CEO DYJ, the flash crash in U.S. AI stock perpetual contracts on October 18 originated from Binance at 21:21:59 UTC. SNDK saw its first large sell order totaling $407,000, which surged to $1.03 million in the following second. Hyperliquid subsequently detected its first wave of IOC sweep orders targeting SNDK and SOXL at 21:21:59.87 UTC. Approximately 10 addresses executed coordinated short openings across SNDK, SOXL, DRAM, SKHX, SKHY, and MU within 1.8 seconds (21:22:01.1

According to BlockBeats and Lookonchain monitoring, on October 18, crypto trader Huang Li-cheng's (known as "Machi Bigbro") Hyperliquid positions were fully liquidated four hours ago. He had previously deposited 250,000 USDC two days prior, which has now been nearly depleted. In contrast, Huang profited $44.84 million on Hyperliquid a year ago; he has since given back all gains and accumulated an additional loss of $36.85 million.

According to ChainCatcher, Ledger CEO Pascal Gauthier responded to Mt. Gox ex-CEO Mark Karpelès' allegations regarding hardware security risks, demanding that claims be based on known facts rather than speculation. Gauthier acknowledged the difficulty of security work and recognized Karpelès' concerns, but rejected what he characterized as unfounded criticism, saying, "Stop playing the white knight, be realistic." Karpelès previously accused Ledger of insufficient disclosure, claiming more timel

According to Zhitong Finance, Yinjia Electronics, a smart driving and cabin solutions provider, reported H1 2026 revenue of CNY 336 million, up 164.6% year-over-year. Net losses narrowed to CNY 35 million versus CNY 96 million in the prior year period. The company has filed with the Hong Kong Stock Exchange for IPO listing. However, the company faces near-term cash pressure. As of end-July 2026, cash and equivalents stand at only CNY 100 million while one-year maturity borrowings total CNY 382 m

According to Jin10, Venezuelan acting president Rodriguez announced on October 18 that the country expects to attract nearly $76 billion in investment in its oil and gas sector over the next five years. Rodriguez stated that the government has signed 61 agreements under a revised legal framework, with another 44 agreements currently under negotiation. The planned investments are projected to create over 324,000 direct, indirect, and derivative jobs.

According to Jin10 Data, People's Bank of China Vice Governor Xuan Changnengan attended the Global Sovereign Debt Roundtable, the International Monetary and Financial Committee economic briefing, and the International Financial Institution trustee meeting during the IMF/World Bank annual conference in Bangkok from October 14-17. Xuan noted that rising global risk-free rates have increased financing costs for developing nations and worsened debt burdens, calling for stronger multilateral cooperat

According to ChainCatcher, Coinbase spot BTC posted a sell order of 61.22 coins at $81,887 on Oct 18, totaling approximately $5.01 million, based on monitoring by Liquid247.xyz order book platform. The order sits about 0.39% above the mid-price of $81,566 at the time.

According to Coinglass data reported by ChainCatcher, Hyperliquid platform whales currently hold $8.061 billion in open positions today. Long positions account for $3.759 billion while short positions total $4.302 billion, giving a 0.87 long-to-short ratio. Long positions show unrealized gains of $158 million, while short positions report unrealized losses of $117 million.

According to Decrypt, Fairshake's affiliated group Defend American Jobs recently allocated approximately $5.2 million for media placements and $1.95 million for additional production costs to oppose Ohio Democratic Senator Sherrod Brown, bringing total spending against him to $46.66 million through the 2026 election cycle. Brown, who has long held skeptical views on crypto and previously chaired the Senate Banking Committee, lost his re-election bid in 2024 when Fairshake had already invested ar

According to South Korea's Finance Minister Lee Hyung-duk, speaking on October 18 at the IMF and World Bank Annual Meeting in Bangkok during a CNBC interview, the semiconductor industry's prosperity will extend through at least 2027. Lee attributed the extended growth to a substantial supply-demand gap and continued expansion in chip production capacity. He noted that semiconductor stocks have amplified volatility in South Korea's equity market this year, reflecting the sector's outsized importa

According to Russian state news agency TASS, Deputy Prime Minister Novak stated today that the Middle East crisis has depleted 2.2 billion barrels from global oil markets. He noted that supplies through the Strait of Hormuz remain unrestored and prices remain elevated. Novak warned that if supply disruptions continue, prices will rise further, adding that global oil and petroleum product reserves are being depleted. He estimated the market could rebalance within 1–1.5 years if exports from Persi

According to CoinDesk, Goldman Sachs, Wells Fargo, and Morgan Stanley expressed positive views on tokenization during Q3 earnings calls. Goldman Sachs believes tokenization will create new products, customers, and distribution channels. Wells Fargo stated it has begun using tokenized deposits for cross-border payments. Morgan Stanley sees tokenization potentially increasing advisory demand from high-net-worth clients.

According to MSX.COM data, multiple U.S. AI-related perpetual contracts plunged early this morning (October 18, Beijing time 05:22–05:32), with prices recovering shortly after. Western Digital (WDC) dropped 7.03% to a low of $298.70, now trading at $318.65. In the memory chip sector, Micron (MU) fell 6.32% to $818.57 (currently $864.76), while SK Hynix (SKHY) declined 6.30% to $127.68 (now $135.14). Other affected stocks included Nebius (NBIS) down 6.97%, Applied Optoelectronics (AAOI) down 6.93

According to Odaily, pump.fun has launched perpetual futures trading services on Hyperliquid through the Builder Code mechanism. The platform charges a maximum Builder Fee of 0.1% on the notional value of each order (opening, adding to, or closing positions) submitted by users. Additionally, for each asset transfer via the in-app cross-chain bridge to Hyperliquid, pump.fun charges up to 0.25% on top of the bridge operator's own fees.

According to Variational's official Discord announcement reported by Odaily, all users will be logged out during a maintenance window scheduled for October 23, 2026 at 3:00 AM UTC. Users must re-login through a new wallet connection process to access positions and resume trading. The community speculates the update is related to introducing a trading API functionality, based on Variational's prior development roadmap.

According to preliminary results, ChangXin Memory Technologies expects third-quarter revenue of 114.7 billion to 119.7 billion yuan ($17.1–$17.9 billion) and net profit of 53.4 billion to 54.9 billion yuan ($7.9–$8.2 billion), compared with a loss a year earlier. The Chinese memory chipmaker attributed growth to AI-related DRAM shortages, higher prices, expanded capacity, and improved production processes. According to Counterpoint Research, CXMT held 10% of global DRAM revenue in Q2, up from 4%

AMPL's price surged 13.68% in just 15 minutes, rising from $1.17 to $1.33, with a current market cap of $2,730,426. The rapid price movement reflects heightened trading activity in the token.

According to Chainalysis, tokenization is expanding the overseas market for U.S. Treasury bonds in 2026. The data shows Italy, Portugal, and Singapore collectively account for 66.9% of tokenized Treasury positions, with holdings of 29.9%, 18.8%, and 18.2% respectively. The United States accounts for 10.5%.