Gate Crypto Flash News and Market Updates

According to The Block, South Korea's ruling Democratic Party will meet with representatives from five major crypto exchanges—Upbit, Bithumb, Coinone, Korbit, and Gopax—on Friday to discuss delaying the implementation of crypto taxation. The party has proposed postponing the original January 2027 effective date to 2029, citing insufficient infrastructure and difficulties in obtaining transaction data.

According to the U.S. Council on Foreign Relations, the Trump administration has announced 43 stock and warrant deals across more than 40 companies totaling roughly $30 billion since taking office in its second term. The investments span semiconductors, critical minerals, quantum computing, and

According to DB Securities, Anthropic revealed on October 29 that it will maintain a unique governance structure post-IPO, with Founder LLC—comprising seven co-founders—retaining 50.1% of voting rights, while a separate Long-Term Benefit Trust (LTBT) controls the nomination and removal of 4 out of 7 board members. The dual-control structure differs from major U.S. tech companies like Meta and Google, where founders typically use multi-class share structures. DB Securities noted that conflicts be

Société Générale reported third-quarter net profit of €1.89 billion in 2026, up 24% year-over-year and beating the consensus estimate of €1.66 billion. Operating profit reached €2.67 billion, up 20% from the same period last year, surpassing the forecast of €2.48 billion. The equity business generated €1.2 billion in revenue, up 46% year-over-year against the estimate of €876 million.

Hyundai Motor reported on October 29 that third-quarter net profit fell 24.2% year-over-year to 1.93 trillion Korean won, despite revenue declining 3.4% to 45.11 trillion Korean won.
Operating profit rose 5.5% to 2.68 trillion Korean won during the

According to BlockBeats, on October 29, Hong Kong-listed company Ruihe Digit sold 38.76 Bitcoin for approximately $3.12 million, excluding transaction costs. The company plans to use the proceeds as general working

According to CNN, the U.S. Defense Department Inspector General has rejected a bipartisan request to investigate SpaceX's military-grade Starlink system operations slowdown in Ukraine, a letter showed.

According to Cryptopolitan, Euronext suspended CoinShares' Zcash exchange-traded product on October 29, citing the inability of the central securities depository to support settlement operations. The suspension prevents CoinShares

According to Michael Burry in his latest Substack article, Anthropic's S-1 filing on October 26 contains approximately $537 billion in computing and infrastructure commitments scattered across footnotes, never disclosed as a single figure. Burry itemized the commitments: Google $114.5 billion,

According to Yonhapinfomax, Samsung Electronics postponed concrete share buyback and cancellation plans until January 2027, despite announcing 55–75 trillion won would be allocated for shareholder returns. The delay sparked investor concerns, as the decision timeline coincides with the tax

According to the official announcement, Coinbase added support for Ripple's RLUSD stablecoin on October 28 across XRP Ledger, Base, and Ethereum. Customers can now trade and manage RLUSD through Coinbase Exchange, Prime, and the Coinbase Retail app, with 1:1 conversion from USD and other supported s

According to on-chain analyst @lookonchain, an Ethereum OG wallet recently transferred 2,119 ETH, valued at approximately $4.99 million, to Coinbase. The wallet had remained inactive for three years prior to the transfer.

According to @lookonchain, a new wallet recently deposited $4 million USDC into Hyperliquid and opened a 5x leveraged long position on 3,000 Monero (XMR). The capital allocation signals potential bullish sentiment on the asset amid mixed broader market

According to Financial Times, Venezuela's energy executives recently warned that the country is struggling to recruit enough skilled workers to revive its oil industry, despite efforts by both the Trump administration and Caracas to increase oil production.

According to Jin10, Russian President Vladimir Putin said on October 28 that a multipolar world is becoming a reality as an objective and irreversible trend. Speaking at the Third Russia-Africa Summit in Moscow, Putin stated that the era of domination by a handful of nations has ended, giving way to a more just world where all countries' voices should be heard.

According to Yonhap News, on October 28, Ethiopia officially received 12 Sukhoi Su-35 4++ generation fighter jets from Russia, ahead of the originally scheduled delivery date by one year. Ethiopian Prime Minister Abiy Ahmed announced the delivery via official X on October 28 (local time), stating the aircraft were handed over at Zhukovsky International Airport near Moscow. Two Su-35s were displayed at the handover ceremony, bearing Ethiopian national insignias and aircraft serial numbers 2551 an

Japan's household consumer confidence index fell to 35 in October, missing the forecast of 35.1 and declining from 35.4 in the previous month, according to official data released today.

According to Marex economist Ivan Colhoun, the Reserve Bank of Australia is likely to hold rates steady after a potential rate hike next week, as policymakers seek to assess the cumulative impact of this year's tightening measures. The decision may shift if October inflation data surprises to the

According to CBC, on October 29, a Miami federal judge sentenced Trenton Johnston, 20, of Canada, to 25 months in prison. Johnston pleaded guilty to money laundering conspiracy and agreed to forfeit approximately $3.8 million in stolen cryptocurrency.
Johnston, who began committing fraud in

According to Bloomberg, on Oct 29, GMO Internet Group's yen-denominated bond due June 2031 saw its credit spread widen to 174 basis points as of Oct 28, up from approximately 122 basis points on Oct 20, before the unauthorized access incident was disclosed. The cyberattack on the Japanese internet g