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
08:17

Kimi K3 Scores 1543 Elo in White-Collar Benchmark, Costs 10x More Than K2.6

According to Artificial Analysis' updated AA-Briefcase benchmark, Kimi K3 achieved 1543 Elo points, trailing only Claude Fable 5's 1574 and surpassing GPT-5.6 Sol's 1501. The benchmark evaluates models on information extraction, document analysis, and deliverable generation across 91 confidential tasks. However, K3's performance gains came with significantly higher costs: $10.57 per task, approximately 10 times that of Kimi K2.6. The model averaged 83 iterations and generated 120,000 tokens per
More
08:12

XRP Derivatives Drive Price Action as Open Interest Rebuilds to $510M; Technical Breakout Nears $1.13

According to market analyst Xaif Crypto, XRP derivatives markets are increasingly steering price action while spot trading activity has stalled, signaling a market reliant on leveraged futures rather than organic demand. Binance data shows open interest (OI) climbed from $400 million to $510 million before a mid-June deleveraging event, then steadily rebuilt to a leverage ratio of 0.163. Since July 7, spot exchange inflows and outflows have dropped to near zero, indicating major holders are cons
More
XRP-0.06%
08:12

Movement Labs Files for Chapter 11 Bankruptcy Protection on July 15 Amid MOVE Token Crisis

According to filings with the U.S. Bankruptcy Court for the District of Delaware, Movement Labs, an original developer of the Movement blockchain, filed for Chapter 11 bankruptcy protection on July 15 following over a year of turmoil involving the MOVE token, internal governance issues, and disputes over market-making agreements. Court documents show the company holds assets between $100,001 and $500,000, with liabilities ranging from $1 million to $10 million across 200 to 999 creditors. Former
More
MOVE-1.56%
08:12

South Korea Launches Deposit Token Payment Infrastructure Project with 96 Billion Won Investment

South Korea's Korea Internet & Security Agency (KISA) and Ministry of Science and ICT launched a deposit token-based payment infrastructure expansion project today (July 22), marking the first step to bring central bank digital currency (CBDC) innovations from the Bank of Korea's "Project Hangang" into private payment services. The initiative, selected through the 2026 Blockchain Innovation Leadership Project, aims to reduce payment processing fees for small merchants. The project involves nine
More
08:12

Hazeflow Founder Pavel Paramonov Announces Crypto Research Firm Shutdown on July 21

Founder Pavel Paramonov announced the shutdown of his crypto research firm Hazeflow on July 21, 2026, and said he would step away from the industry for at least a month. The announcement, posted on X, offered no disclosure of specific reasons for the closure, though Paramonov described the decision as forced by circumstances rather than voluntary. He is actively helping Hazeflow's researchers and designers find new positions.
08:11

UK Oil Industry Urges PM Meeting to Unlock £50B North Sea Investment on July 22

Offshore Energies UK (OEUK) called on Prime Minister Andy Burnham on July 22 to urgently meet with North Sea oil and gas operators, urging the government to introduce a more competitive fiscal and regulatory framework. According to the organization, reforms could unlock approximately £50 billion in additional investment, including around £26 billion in new capital spending over the next decade and over £13 billion in additional tax revenue. OEUK argues that maintaining domestic oil production co
More
08:09

VinFast Outpaces Tesla and Nio in July, VF 2 Draws 29,000 Orders Ahead of 2027 Breakeven Target

According to Bloomberg, VinFast Auto deputy CEO Anne Pham said the company expects to break even in Vietnam by 2027 during the Bloomberg Sustainable Business Summit in Singapore on July 22. The announcement comes as VFS stock gained 2% this month, outperforming Tesla's 10% decline, Nio's 5% drop, and XPeng's 1% rise. The company's momentum is fueled by surging demand for its new VF 2 entry-level EV, priced at $7,139. The model attracted 29,000 orders within three days of its early July launch. V
More
08:07

Bitcoin ETFs Record Sixth Consecutive Day of Inflows, Add $203M on Tuesday

According to SoSoValue, US spot Bitcoin ETFs recorded their sixth consecutive day of net inflows on Tuesday, adding $203.1 million. The Bitcoin ETFs attracted approximately $930 million over the six-session streak, their longest consecutive inflow run since April. Bitcoin traded at $65,802 at publication, up about 2% over the previous 24 hours, according to CoinGecko, after briefly climbing to $66,700 on Tuesday.
More
BTC-0.23%
08:07

Samchundang Pharmaceuticals Falls 8.94% on July 22, Following FDA Pre-ANDA Uncertainty

According to the Korea Exchange, Samchundang Pharmaceuticals fell 8.94% (down 15,000 won to 152,800 won) on July 22, with shares declining for a second consecutive day. The stock reversed sharply after the company received an FDA Pre-ANDA response on July 20 regarding its oral semaglutide generic candidate, initially triggering a daily trading halt (limit-up). However, the stock hit the lower daily limit on July 21 after Samchundang declined to publicly disclose the full FDA response due to conf
More
08:07

CSRC Chairman Wu Qing Meets Canadian Pension Fund Investment CEO on July 21

On July 21, China Securities Regulatory Commission (CSRC) Chairman Wu Qing met with John Graham, President and Chief Executive Officer of Canada Pension Plan Investment Board (CPP Investments), in Beijing, according to the CSRC. The two sides exchanged views on global and Chinese economic and financial conditions, as well as investment opportunities in China's capital markets.
More
08:05

CEX Sector Market Cap Drops 42% from All-Time High

Gate News message, the market capitalization of centralized exchange tokens has declined from a record $182 billion in October 2025 to $105 billion. Since the beginning of 2026, the sector has lost 31%, reflecting weaker demand for CEX tokens amid a soft crypto market.
08:03

62% of U.S. Stablecoin Holders Converted Back to USD Due to Merchant Non-Acceptance, April Survey Shows

According to a survey by MNEE Pay and YouGov conducted in April 2026, 62% of U.S. stablecoin holders converted their holdings back to U.S. dollars because merchants did not accept stablecoins. The survey also found that 84% of holders prefer shopping at merchants that accept stablecoins, and 54% hold stablecoins for future consumption needs. The survey revealed significant generational differences: 88% of cryptocurrency holders aged 18 to 34 hold stablecoins, compared to just 15% among those age
More