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
05:25
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iPhone Duo Collapses to Discount-Priced in 3 Days After Launch, Premium Evaporates in China

According to reports from Pinduoduo and secondary marketplaces, Apple's iPhone Duo folding phone saw its price premium collapse just 3 days after its October 23 launch in China. On October 26, the 256GB model was available at 15,799 yuan on Pinduoduo after subsidies, down 200 yuan from the official price of 15,999 yuan. On the secondary marketplace Xianyu, the 256GB model's premium shrank to just 239 yuan compared to the original price. Analysts attributed the swift reversal to early screen defe
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05:25
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Goldman Sachs Predicts Brazil Market May Trigger Circuit Breaker Today Amid Extreme Moves: USD/BRL +10%, Yields +200bp, Equities -15%

According to Goldman Sachs, Brazil's market could experience extreme volatility today (October 26), including a 10% surge in the USD/BRL exchange rate, a 200 basis point rise in long-term government bond yields, a 30–40 basis point widening in credit spreads, and a 15% decline in equities. Goldman Sachs anticipates the market's circuit breaker mechanism may be triggered shortly, at which point trading will shift to an order-driven model subject to trading halts.
05:25
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Sembcorp and Nxera Sign MOU to Explore Low-Carbon Power for Singapore Data Centers, Including 2.2 GWp Solar Project

According to Singtel, Sembcorp Utilities and Nxera Singapore signed a memorandum of understanding on October 26 to explore renewable and low-carbon power supply for Nxera's data center facilities in Singapore. The companies are assessing low-carbon hydrogen-based and biomethane-based generation, vertical building-applied solar panels, and renewable power imports from a 2.2 GWp floating solar project at Linggiu Reservoir in Johor, Malaysia.
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05:24
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Unacademy Founders Raising $73.8M AI Fund, Target January 2027 First Close

According to The Economic Times, Unacademy founders Gaurav Munjal and Roman Saini are raising Longshot Capital, a 7 billion rupees ($73.8 million) venture fund for seed and pre-series A startups. The fund has secured approximately $31.6 million in commitments and targets a first close in January 2027, after which it plans to start investing. Saini will lead the fund full-time, while Munjal will participate part-time as he continues to head Unacademy. Longshot Capital will focus on AI, manufactur
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05:23
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KOFR OIS Central Clearing Hits 3 Trillion Won Daily Settlement, One Year After Launch

According to the Korea Exchange, on October 26, overnight indexed swap (OIS) central clearing settlements based on the Korean overnight rate (KOFR) surpassed 3 trillion won in average daily volume one year after launching on October 27, 2025. Cumulative settlement reached 492 trillion won with 2,052 transactions, while settlement balance stands at 140 trillion won. Daily average settlement volume jumped from 300 billion won in November 2025 to 3.2 trillion won last month. Over the past year, KOF
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05:21
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Vista Land 2025 Net Income Falls 59% to 3.8 Billion Pesos on October 26

According to its earnings release filed Monday (October 26), Vista Land and Lifescapes reported its 2025 net income plunged 59% to 3.8 billion pesos from 9.37 billion pesos in 2024, despite a 6% increase in EBITDA to 24.2 billion pesos. The company reported consolidated revenue of 35.8 billion pesos, though gross profit from its residential business fell 18% to 9.7 billion pesos. A significant discrepancy exists between the reported full-year net income and its September quarterly report, which
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05:21
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Methanol Futures Hit Daily Limit Today, Up 6% to 3,389 Yuan/Ton on Middle East Tensions and Iran Output Cuts

According to Jin10, methanol futures rallied to hit the daily limit today, surging 6% to 3,389 yuan/ton amid a confluence of geopolitical escalation and supply constraints. Houthi attacks on Saudi Arabia's energy facilities and airports, coupled with a U.S. State Department evacuation order for non-essential embassy personnel, heightened Middle East tensions and spiked crude oil prices. Simultaneously, Iran's methanol plants underwent large-scale shutdowns, with daily output plummeting to approx
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05:16
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Nvidia Cuts Rubin GPU HBM and NVLink Bandwidth, Boosts Network Bandwidth

According to IT之家, Nvidia has adjusted specifications for its Rubin GPU system in its October 2026 documentation compared to archived June documents. The Vera Rubin superchip's HBM4 memory bandwidth was reduced from 44 TB/s to 38.5 TB/s, while NVLink bandwidth was cut from 7.2 TB/s to 6 TB/s. Network bandwidth for horizontal scaling increased from 0.8 TB/s to 0.9 TB/s. The HGX NVL8 system saw its HBM capacity decrease from 2.3 TB to 2 TB, bandwidth drop from 176 TB/s to 130 TB/s, and NVLink Swit
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05:13
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Elon Musk Calls for Zelensky's Resignation, Accuses Ukrainian Elite of War Profiteering

According to recent statements on X, Elon Musk called for Ukrainian President Volodymyr Zelensky's resignation on October 15, accusing Ukraine's elite of profiting from billions in U.S. aid while ordinary citizens' children are drafted and killed in battle. Musk stated that a massive wealth gap exists between Ukrainian elites and the general population, with resources flowing to the wealthy while common citizens bear the war's casualties. Musk's criticism follows earlier complaints from U.S. Pre
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05:05
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Upbit Designates Inicia (INIT) as Trading Caution Token Due to Security Incidents on October 26

According to official announcement, Upbit designated Inicia (INIT) as a trading caution token on October 26 after confirming unresolved security incidents affecting virtual asset wallets managed by the issuer or operator, or distributed ledgers involved in asset issuance, transmission, and storage. The exchange implemented this measure to protect investors from potential losses. Deposit and withdrawal services for INIT have been suspended, with withdrawal service to resume first, followed by dep
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05:04
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SoftBank Plans $50 Billion Tech Investment in Malaysia, PM Says

According to Bloomberg, SoftBank plans to invest $50 billion in Malaysia, focusing on artificial intelligence, new technologies, and data centers, Prime Minister Anwar Ibrahim said on Saturday (Oct 25). Anwar said SoftBank CEO Masayoshi Son identified investment locations in Kuching, Sarawak, and peninsular Malaysia following a video conference earlier in the week.
05:04
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SK Hynix Cancels Solidigm IPO Plan, Easing NAND Supply Pressure

According to LYNX Equity Strategies, SK Hynix cancelled Solidigm's planned U.S. IPO on Friday (Oct 23), reducing future NAND flash memory supply expansion risks. The planned production facility, originally intended for Intel's Ohio campus as a joint venture, would have expanded capacity years later, putting pricing pressure on the market. LYNX analysts view the IPO cancellation as material positive for Micron and SanDisk, existing NAND suppliers facing lower competitive expansion threat. Intel l
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05:03
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Jereh Stock's Middle East Projects Face Delivery Delays Due to Regional Conflicts

According to Jin10, Jereh Stock disclosed on October 26 that some of its Middle East projects are experiencing delivery delays caused by geopolitical conflicts affecting international logistics. The company noted that equipment and material transportation have been slowed, though certain projects remain in delivery and verification stages. The firm is addressing the situation through localized production, supply chain coordination, and adjusted transportation routes.
05:02
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PancakeSwap Tokenized Stocks Surge Over Weekend with QQQB-WBNB Leading Trades

According to PancakeSwap's official announcement, the decentralized exchange observed a notable increase in trading activity for tokenized stocks over the weekend. Key trading pairs including QQQB-WBNB and SPCXB-MarsCoin from bStocks Finance gained significant traction, reflecting growing interest among traders in tokenized assets. The uptick signals expanding investor appetite for blockchain-based representations of traditional financial instruments.
05:02
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LayerZero Ends opBNB Support, CAKE Holders Must Bridge Assets by November 23

According to PancakeSwap, LayerZero will cease support for opBNB as of November 23, 2026 00:00 UTC. CAKE token holders must bridge their assets to the BNB Chain before this deadline to maintain access to their holdings; failure to do so may result in loss of access. CAKE is the native token of PancakeSwap, a decentralized exchange on Binance Smart Chain. LayerZero is a cross-chain interoperability protocol.
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