Gate Crypto Flash News and Market Updates

According to PANews on October 21, South Korea's Ministry of Economy and Finance held a meeting with five major exchanges—Dunamu, Bithumb, DigitalX, Coinone, and Streami—along with the Financial Services Commission to discuss virtual asset taxation. The discussion covered current tax regulations, market conditions, and preparation work, but no clear decision was made on delaying or abolishing the policy. South Korea's virtual asset tax policy was established in 2020 with an original implementati

According to BlockBeats, two addresses attributed to a major Ethereum long institution on Hyperliquid added approximately $15.88 million to their ETH position in the past 2 hours on October 21, averaging $2,453.50 per ETH. The related wallet group's combined long position across BTC and ETH reached $382 million, with unrealized losses of approximately $8.21 million. The ETH long position of 109,161.92 coins is worth about $268 million, with weighted entry price at $2,543.57. Liquidation prices f

According to ChainCatcher, Google Cloud and NVIDIA announced that NVIDIA Vera Rubin infrastructure is now fully available for use.

NVIDIA announced the expansion of its open-source NVIDIA Agent Toolkit with the introduction of Agent Knowledge Foundation, a new infrastructure designed to convert enterprise internal data into actionable business knowledge for AI agents. The framework supports information retrieval, business analysis, results prediction, and decision optimization without requiring data migration, workflow reconstruction, or governance policy adjustments.

Lei Jun, founder and CEO of Xiaomi Group, stated at the 2026 World Intelligent Connected Vehicle Conference in Beijing on October 21 that automotive safety is the foundation of the industry—without it, all other advances become meaningless. He noted that Xiaomi has prioritized safety since day one of its vehicle development. Lei Jun added that the next phase of intelligent connected vehicles will be defined by ecosystem strength rather than individual vehicle intelligence, positioning China's co

According to Shanghai Stock Exchange filings, China National Materials Company Limited (600970.SH) reported a net profit attributable to shareholders of approximately 1.288 billion yuan for the first nine months of 2026, down 37.91% year-over-year. Operating revenue reached approximately 31.941 billion yuan, declining 3.2% compared to the same period last year. Basic earnings per share stood at 0.49 yuan.

According to its announcement on October 21, Beijing Automotive's subsidiary BAIC Investment and Beijing Hyundai agreed to exit Beijing Hyundai Motor Finance by reducing their combined registered capital of approximately RMB 31.44 billion. BAIC Investment will receive RMB 22.08 billion for exiting its 33% stake, while Beijing Hyundai will receive RMB 9.37 billion for exiting its 14% stake. The move aims to optimize the group's asset structure and enhance capital efficiency.

According to BlockBeats, SpaceX released its second quarterly earnings report after market close on October 21, showing revenue growth of 161% year-over-year and a return to profitability. Following the results, major Wall Street banks raised their price targets for SPCX: Morgan Stanley set its target at $300 with an overweight rating; Wells Fargo revised its target from $214 to $274; Citigroup raised its target from $200 to $240; and UBS increased its target from $210 to $230.

According to President Zelenskyy's recent statement, Ukraine's use of Starlink remains limited. The Ukrainian leader did not provide specific details regarding the nature or duration of the restrictions.

According to Nvidia, Amkor plans to increase its advanced packaging capacity by over 300% by the end of 2028.

According to Bloomberg, Nvidia will increase substrate production capacity over the next three years.

According to Bloomberg, Nvidia will pay Kyec (京元电子) $1.1 billion as a prepayment to reserve production capacity.

According to Araghchi in an op-ed published in the Financial Times on October 21, Iran's foreign minister stated that Iran seeks a just and dignified agreement with the U.S., but the White House must demonstrate genuine commitment and willingness to end aggression. Araghchi emphasized that Iran is firmly committed to resolving conflicts peacefully with dignity while remaining fully prepared for self-defense. He expressed deep skepticism regarding the U.S. government's sincerity for peaceful coex

AT&T raised its full-year adjusted earnings per share guidance to approximately $2.40 from the prior range of $2.25 to $2.35, exceeding market expectations of $2.35. In the third quarter, the company reported revenue of $323 billion, up 5.2% year-over-year and beating the consensus estimate of $317 billion. Adjusted EPS came in at $0.65, surpassing analyst expectations of $0.60 compared to $0.54 in the prior year period. The company maintained its full-year free cash flow guidance of at least $1

According to Tom's Hardware, U.S. utilities are restarting three shuttered nuclear reactors with combined capacity of 2.25 GW, supported by major tech companies including Microsoft and Google, with operations resuming between 2027 and 2029. Palisades nuclear plant in Michigan is progressing fastest after fuel loading in August 2026, expected to generate 800 MW by March 2027. Constellation Energy is reactivating Three Mile Island Unit 1 (835 MW, targeted 2027) under a 20-year power purchase agree

According to TradingBeats monitoring, a BTC whale's short positions were partially liquidated over the past 2 hours on October 21, with 55.19 BTC and 153.19 ETH forcibly closed, totaling approximately $4.99 million in losses. The whale's remaining short positions, valued at approximately $19.88 million combined, are now approaching their liquidation thresholds. The whale still holds 220.74 BTC short at an average entry price of $82,835.60, valued at approximately $18.38 million, with liquidation

NVIDIA announced today an upgrade to its Isaac universal robot development platform, introducing a new humanoid robot reference framework, simulation workflow, and data tools to accelerate general-purpose robot development. "General-purpose robots are advancing at a remarkable pace," NVIDIA founder and CEO Jensen Huang said. "With NVIDIA Isaac's full-stack open robotics platform, we're providing developers with models, data, simulation tools, and compute systems to bring physical AI to every ind

According to Odaily, Solana trader Kimchi's namesake meme coin $Kimchi reached a $40 million market cap within one hour today following an announced partnership with Pumpfun. The token hit $30 million market cap approximately 10 minutes after launch. Pumpfun co-founder Alon confirmed the collaboration and stated Kimchi is involved in the platform's creative direction. On-chain analyst Ai Yee reported that Kimchi holds 75.32% of $Kimchi's total supply and has withdrawn approximately 1.35 billion

According to its official announcement, China Life Insurance (2628.HK) plans to transfer a 33.73% stake in its pension insurance subsidiary to its controlling shareholder for approximately 4.146 billion yuan by December 31, 2026. Additionally, its non-wholly-owned subsidiary asset management company will transfer a 3.53% stake in the same pension insurance company for approximately 434 million yuan, bringing the combined transaction value to roughly 4.58 billion yuan.

According to Odaily, BNB Standard (Nasdaq: BNC) appointed Alex Odagiu, former investment partner at YZi Labs, as CEO today, and announced the company will participate in BNB validator node operations. Odagiu is scheduled to ring the Nasdaq opening bell on October 26 alongside the board, management, and ecosystem partners to mark the leadership transition. Market observers are monitoring BNC's stock performance, which trades around $5.4, while each share holds approximately $7.10 worth of BNB, ke