Gate Crypto Flash News and Market Updates

According to Shinhan Card's announcement on October 21, Shinhan Card, SBI VC Trade, and SBI XDC Network APAC signed a partnership to validate Web3-based global payment services. The three companies will jointly conduct proof-of-concept (PoC) testing of yen stablecoin payment and settlement solutions, including stablecoin card payments, wallet-to-wallet transfers, cross-border trade settlement, and XDC network node ecosystem participation. The validation aims to enable Japanese visitors to make p

According to SlowMistTeam, FundsModule recently suffered a $41,000 loss due to a security exploit in its smart contract verification process. The flaw allowed an attacker to withdraw funds without proper verification of asset reception, specifically targeting ETH and USDC. The attacker was identified as 0xc34572ebb26b9a4c54854aae8d2347108e8c892f. The incident underscores the need for robust security measures in decentralized finance platforms.

According to Foresight News, NEAR's governance platform House of Stake has opened voting on proposal HSP-029 to reduce the token's annual issuance rate from 2.5% to 1.6% over the next 24 months. The proposal aims to reduce token dilution and improve the long-term tokenomics. Voting concludes on November 2, 2026.

On October 21, 2026, SlowMist issued a critical alert about two severe vulnerabilities in PHP, tracked as CVE-2026-109618 and CVE-2026-109619, each receiving a CVSS score of 9.2. Official patches for these vulnerabilities are still pending. SlowMist advised organizations to immediately audit their PHP installations and prioritize security measures for internet-facing services to mitigate potential remote code execution attacks.

According to TechCrunch, Blackwall raised $100 million in Series C funding yesterday (October 20) at a $2.2 billion valuation, with AVP leading the round. The Estonia-based web traffic security company, which provides bot detection, DDoS protection, and traffic management for hosting providers, will use the funds to expand in North America, Europe, Asia-Pacific, and the Middle East, and to develop additional security tools amid growing demand from AI crawlers consuming bandwidth.

According to Allspring Global Investments on October 21, Indonesia's banking and telecommunications stocks may face further declines despite being among the country's most stable enterprises. Under the risk of MSCI downgrading Indonesia's market rating, these sectors cannot escape the broad-based selloff. Banking and telecommunications combined account for approximately 80% of the MSCI Indonesia Index. Since MSCI first warned of a potential downgrade in January, the index has lost more than 40%.

According to Jin10 Data, wheat futures fell to 11-week lows on October 21 as market participants reduced risk premiums amid intensifying Ukraine peace negotiations. The most actively traded wheat contract declined 0.5% intraday, marking the fifth consecutive trading day of losses, as U.S. President Trump pressured both sides to reach a ceasefire agreement. Analysts noted that a potential halt to hostilities could release substantial quantities of accumulated wheat from Russia and Ukraine onto th

According to ZDNet Korea, Sony has transferred 419 extended reality (XR) patents to Meta, with the deal finalized in December 2025. The portfolio includes 180 U.S. patents and 239 patent applications filed in Japan, China, South Korea, and Europe, covering XR computing, head-mounted display design, and related hardware. As of October 2026, 43 U.S. patents have been registered under Meta's ownership. The transfer raises concerns for Apple's Vision Pro gaming ecosystem. Vision Pro added support fo

According to TechCrunch, Otter.ai raised $320 million from General Catalyst's Customer Value Fund on October 20. The fund provides non-dilutive capital, with returns tied to marketing spend results. Otter said it will use the funding to grow its enterprise business, refine market strategy, expand internationally, and develop its product. The company surpassed 40 million users to date, up from 25 million last year.

According to Sifted, Dutch startup Photon Bridge completed a €10 million seed round to develop laser technology for connecting AI chips within data center infrastructure. The company aims to enhance chip-to-chip interconnection performance using scalable laser manufacturing to meet growing AI infrastructure demands.

Norwegian oil and gas company raised its full-year production cost guidance to approximately $11 per barrel of oil equivalent, up from the previous estimate of $10 per barrel.

Serabi Gold reported quarterly gold production of 11,008 ounces in Q3 2026. The company expects its full-year 2026 gold output to remain in line with 2025 production levels.

According to China's Ministry of Finance website, APEC member economies' finance ministers released the Digital Infrastructure Financing Policy Statement for Asia-Pacific today (October 21) in Hong Kong. The statement encourages public sectors to use project preparation tools, first-loss guarantees, and risk-sharing arrangements to leverage commercial financing; private sectors to adopt lease financing and asset securitization; and attracts capital from pension funds, insurance companies, and so

On October 21, South Korea's ruling Democratic People Power Party announced it would attempt negotiations with the opposition Democratic Party regarding virtual asset taxation. Park Soo-young, vice chairman of the party's policy committee, stated that the party would try inter-party discussions on the issue, though the outcome remains uncertain as the Democratic Party has not yet formed a unified position. Park called for a tax deferral of at least two years, citing unpreparedness in taxation st

According to Odaily, an Arthur Hayes-linked wallet received 1.23 million LMST this week and used proceeds to purchase AERO, PENDLE, and ZAMA through over-the-counter transactions. The wallet currently holds over $14 million in crypto assets, with major positions including $5.63 million in ENA, $3.15 million in weETH, $2.44 million in UNI, and $1.32 million in ETHFI.

According to Odaily, Solana will launch its Alpenglow upgrade on Wednesday, marking the network's largest update since 2020. The upgrade aims to achieve confirmation times of approximately 150 milliseconds through a replacement of the voting system.

According to Jin10, former EU agriculture commissioner Phil Hogan said today (October 21) he would seek contact with U.S. President Trump to restore the Black Sea grain export corridor disrupted by Russian attacks on Ukrainian ports. Hogan, now a candidate for UN food agency chief, stated he would aim to involve Trump and other world leaders in efforts to reopen the route. Under the prior Black Sea Grain Initiative framework, the corridor facilitated exports of 32 million tons of grain and food

According to Visa, on October 20, the payments company launched a pilot with San Jose-based financial software firm Bill and B2B accounts receivable provider Billtrust to enable AI agents to complete approved invoice payments between buyer and supplier platforms. The pilot uses Visa authentication tools and tokenized credentials, allowing approved AI agents to process payments without shared portal logins. The companies said the pilot was already processing transactions for participating BILL bu

According to South Korea's National Assembly Finance Committee on October 21, the government will proceed with digital asset taxation starting January 1, 2027, applying a 20% tax rate on digital asset income classified as miscellaneous income after a basic deduction of 2.5 million Korean won. The committee clarified that the tax framework intentionally excludes loss carryover provisions—a feature available under the now-abolished financial investment income tax—because allowing such provisions f

According to BlockBeats and TradingBeats monitoring, two large NVDA account holders significantly reduced positions today ahead of CEO Jensen Huang's GTC Berlin keynote scheduled for later today (Beijing time 5:00–7:00 PM). Account 0x4e232 closed a $12.61 million short position and holds only $359,000 in longs, while account 0x8eff sold off $6.36 million in long bets (81% reduction), retaining $1.49 million. NVDA futures were trading around $220.75, up 1.71% in 24 hours, with open interest value