Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
Today
11:22
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XRPL Developers Propose TokenPreauth and TokenBlock Transaction Types on October 16

According to an October 16 code proposal, XRP Ledger developers introduced two transaction types, TokenPreauth and TokenBlock, under the XLS-87 standard for Multi-Purpose Tokens. TokenPreauth allows issuers to pre-approve specific accounts for token acquisition, while TokenBlock enables issuers to prohibit particular accounts from acquiring tokens. The current implementation creates and manages permission records but does not yet enforce restrictions when accounts attempt to acquire tokens. Full
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XRP0.12%
11:17
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South Korea's Financial Chief Reaffirms Bid to Block Single-Stock Leveraged ETFs Today

According to Yonhap News, South Korea's Financial Supervisory Service Chief Lee Chan-jin reiterated on October 19 his intent to prevent the launch of single-stock leveraged exchange-traded funds, describing the effort as necessary to warn investors of significant risks. During a parliamentary audit, Lee confirmed his earlier statement that he would have "laid down" to block the product, explaining the strong language was intended to signal concerns amid heightened volatility in stocks such as Sa
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11:11
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OKX Launches Exchange OS on XLayer to Support Spot, Perps, and Outcomes Markets

According to OKX's official announcement, the company has launched Exchange OS on the XLayer platform. The infrastructure enables developers and institutions to deploy Onchain Spot, Perps, and Outcomes markets, providing institutional-grade trading infrastructure for market participants in the crypto ecosystem.
11:11
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Mediwound's 9MW2821 to Present Phase 2 Data at ESMO 2026: 30% ORR in TNBC Patients

Mediwound Limited (02493) announced on October 19 that it will present Phase 2 clinical data for 9MW2821, a Nectin-4 targeted ADC, in an oral presentation at the 2026 European Society for Medical Oncology (ESMO) Congress in Madrid, Spain, October 23-27. As of April 10, 2026, among 60 evaluable patients with locally advanced or metastatic triple-negative breast cancer (TNBC) previously treated with topoisomerase I inhibitor-conjugated ADCs, the drug achieved an objective response rate (ORR) of 30
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11:08
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China SEC Drafts Guidelines to Support, Encourage Advance Compensation on October 19

According to Cailian Press, on October 19, China's Securities Regulatory Commission (CSRC) drafted the Guidance Opinion on Securities Market Advance Compensation (Consultation Draft) and opened it for public comment. The guidelines explicitly support and encourage the implementation of advance compensation. The CSRC clarified that advance compensation entities, based on their recovery rights under the Securities Law, may obtain advance compensation materials from the insurance fund company for r
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11:06
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Arm AGI CPU Delivers 2x Per-Rack Performance vs AMD EPYC 9755, 20% Per-Chip Gain in Last Week's Tests

According to Tom's Hardware, Arm announced last week that its AGI CPU achieves approximately 2x the performance per rack compared to AMD EPYC 9755, calculated from modeled server-power assumptions tested across seven agentic AI workloads. At the chip level, Arm's AGI CPU averaged 1.20x performance versus EPYC 9755 across the tests. The per-rack advantage stems largely from power efficiency: Arm's configurations consume 950–1,050 W per server versus 1,700 W for AMD, allowing 23 or 21 Arm servers
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11:04
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Shenzhen Police Warn Against 'RWA Real Estate Tokenization' and 'Blockchain Notarization' Fraud Schemes

According to Shenzhen Public Security Bureau's Economic Crime Investigation Division, on October 19, the department warned against new fraud schemes packaged as 'RWA real estate tokenization' and 'blockchain notarization'. The agency emphasized that technical terminology does not guarantee compliance or legitimacy. Fraudsters infiltrate technology communities posing as industry experts to exploit trust and lower vigilance. The bureau noted that smart contract addresses and corporate registration
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11:01
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Hyperliquid Whale Realizes $3.26M Loss Closing 1,355.6 BTC, Switches to $34.6M Tesla 20x Long

According to Lookonchain, Hyperliquid trader address 0x30af closed 1,355.6 Bitcoin long positions at approximately $80,945 average price on October 18, exiting a $98 million 40x leveraged position and realizing a $3.26 million loss. The address subsequently opened a $34.6 million Tesla long position on Hyperliquid's HIP-3 market with 20x isolated leverage at entry price $360.23, ahead of Tesla's Q3 earnings report on October 21. Hyperdash data indicates the address incurred $9.53 million in loss
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HYPE0.12%
BTC0.17%
11:00
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Analyst Serenity: Microsoft's Nscale Exit May Benefit Nebius, IREN Amid AI Chip Shortage

According to analyst Serenity on the X platform, the market may have misinterpreted Microsoft's exit from its partnership with Nscale. Serenity argues the move could be positive for AI infrastructure providers like Nebius and IREN that possess operational data center capacity and quick deployment capabilities. Serenity noted that Microsoft's withdrawal likely stems from Nscale's failure to deliver on schedule, not a reduced demand for compute power. With Nscale unable to meet deadlines, Microsof
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10:59
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China's Lu Kang Meets U.S. Former Trade Official Angie Chen on October 19

On October 19 afternoon, Lu Kang, vice minister of the International Department of the Communist Party of China Central Committee, met with Angie Chen, former U.S. deputy assistant trade representative, in Beijing. The two sides exchanged views on China-U.S. relations and China-U.S. economic and trade relations.
10:55
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Marathon Holdings Deposits 1,000 BTC Worth $82.8M to Exchanges in 5 Days

According to Lookonchain, Marathon Holdings transferred 1,000 BTC, worth approximately $82.8 million, to Binance and Gate over five days in October, renewing speculation about a potential bitcoin sale. The on-chain researcher flagged the deposits as the second significant MARA-linked movement that month, following an earlier transfer of 996 BTC (about $81.13 million) to Galaxy Digital on October 9. The deposits represent roughly 2.8% of MARA's reported bitcoin holdings of 35,577 BTC as of June 3
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BTC0.17%
10:51
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Micron Developing Edge Inference Memory for Physical AI, Expected in H2 2028

According to ChainCatcher, Micron announced at SEDEX 2026 in Seoul that it is developing Edge Inference Memory (EIM) for physical AI applications, with mass production expected in the second half of 2028. The technology, which stacks LPDDR6 on logic chips for high-speed inference processing, will support autonomous vehicles and humanoid robots with low-power DRAM requirements. Counterpoint Research forecasts global humanoid robot DRAM demand will surge to approximately 172,000 Tbit by 2030, up f
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10:51
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MiniMax Officially Claims Space Bunny Model, Which Hit Top Calls Within 3 Days; M3.1 Flash Launch Imminent

According to Zhitong Finance, MiniMax (00100) officially claimed the anonymous model Space Bunny through a video featuring a carrot-shaped rocket launch. The model, which launched in late September, reached the top of Token daily call rankings on both OpenRouter and OpenCode within 3 days. Space Bunny is an early version of MiniMax's M3.1 Flash model, which is set to launch formally soon.