Gate Crypto Flash News and Market Updates

According to Odaily, Base co-founder Jesse Pollak recently announced plans to expand developer support from batch funding to the Base Ecosystem Fund (BEF) and large-scale distribution, prioritizing products that achieve natural market adoption. The initiative aims to support Base's focus on reshaping financial services across trading, payments, and developer-driven innovation.

According to Ostium Labs, the RWA trading platform on Arbitrum plans to restart this week following audits and security reviews. The team will compensate affected liquidity providers through a recovery plan combining resources from its own balance sheet and support from existing and new partners. Specific details of the compensation plan will be announced later.

According to Yonhapinfomax, Japan's Nikkei 225 index rose 339.67 points (+0.53%) to 64,480.79 during morning trading on July 21, rebounding after a sharp decline driven by U.S. semiconductor sector recovery overnight. The TOPIX index gained 25.97 points (+0.66%) to 3,945.18, with SoftBank Group and semiconductor-related stocks leading gains. Market participants remain cautious over geopolitical risks, including threats from Yemen's Houthi militia and warnings from U.S. President Donald Trump reg

According to BlackRock, the asset manager maintained its preference for U.S. equities over long-term bonds on July 20, despite escalating Middle East tensions. BlackRock assessed that while recent geopolitical conflict has intensified, crude oil price movements suggest investors view the disruption as temporary rather than a long-term supply shock. The firm noted that global oil supply remains robust and can absorb current supply disruptions, supported by high initial inventory levels, oil deman

According to UBS, Nomura, Bank of America Securities, and Citi reported by BlockBeats on July 21, Kimi K3's release has strengthened rather than weakened demand for AI infrastructure. The model features 2.8 trillion parameters, a 1-million-token context window, and supports continuous inference with native multimodality and MoE architecture. Institutions note that these specifications will increase KV cache requirements and boost demand for HBM memory, server DDR5, enterprise SSDs, cloud infrast

According to reports, BHP resumed negotiations with unions representing workers at Port Hedland, the world's largest iron ore export hub, on Tuesday. Electricians maintaining BHP's high-voltage power grid in Western Australia's Pilbara region voted overwhelmingly to strike last week, escalating labor tensions. Both parties indicated further strike action could occur if negotiations fail. Electricians are scheduled to meet with BHP on Thursday.

According to Jin10 Futures, China's CFETS-NEX funding sentiment index fell 2 points to 47 as of 10:15 AM on July 21. The index for large banks, small and medium-sized banks, and non-bank institutions stood at 46, 48, and 46 respectively, each down 2 points. (Index scale: 0-100, with 50 as neutral; readings above 50 indicate funding tightness.)

According to Bloomberg, BlackRock's iShares MSCI Korea ETF (EWY) received $2.8 billion in net inflows last week as of July 20, marking the highest weekly total on record. The inflow more than doubled the previous record of $1.2 billion set in February, with $800 million and $1.1 billion flowing in on July 14 and 15 respectively. Despite broader market volatility, investors maintained strong conviction in South Korean technology companies, supported by robust fundamentals and a restructured fund

According to Yonhapinfomax, South Korea's 3-year government bond futures rose 2 ticks to 102.78, while 10-year futures fell 2 ticks to 105.02, as of 9:05 a.m. on July 21. Foreign investors net-bought 366 contracts of 3-year futures but net-sold 166 contracts of 10-year futures. Global rate increases, rising oil prices amid U.S.-Iran tensions, and won strengthening to 1,470 against the dollar supported demand for lower-priced bonds. Long-term yields approached recent highs, attracting buying inte

According to BlockBeats, chip stocks rebounded overnight on July 21, with the semiconductor ETF rising approximately 1.3%. Nvidia, AMD, and Micron posted gains, though the Nasdaq remained near flat. The rebound followed earlier concentrated selloffs and eased leverage rebalancing pressure.

According to Herald Economics, Hyundai Motor's stock fell to 399,000 KRW today (July 21), marking a 49.61% decline from its all-time high of 783,000 KRW set six months earlier. The sharp selloff was triggered by massive foreign investor outflows, with international holdings slumping from 35.95% to 25.17% year-end, as overseas investors dumped 10.88 trillion KRW in shares so far this year. Second-quarter earnings expectations have also been downgraded. KB Securities and Mirae Asset Securities for

According to its interim announcement, semiconductor chipmaker Shing Chi Holdings (02166) disclosed on July 21 that its H1 2026 profit will surge more than 4.6 times year-on-year. The growth was primarily driven by increased demand for the company's integrated circuit chips, boosted by AI infrastructure buildout. The company's optical communications and storage product segments—key units supporting AI infrastructure—recorded significant expansion during the period.

According to E-Daily, on July 21, Macquarie Asset Management's special purpose company acquired a 24.4% stake in IT infrastructure company Gabia from its largest shareholder at 48,000 won per share. Macquarie simultaneously launched a tender offer for the remaining 73.1% (9.805 million shares) at the same price through September 17, with a total deal value of 627.5 billion won. The tender offer's success requires Macquarie to secure at least 24.3% of total issued shares; failure to reach this mi

According to Jin10, Shanghai gold traded at 876.78 yuan/gram on the morning of July 21, 1.27 yuan/gram above international gold prices of 875.51 yuan/gram.

According to PANews citing SoSoValue data, crypto sectors rallied broadly on July 21, with DeFi sector leading at 2.28% in 24 hours. Within DeFi, DeXe (DEXE) rose 4.96%, Uniswap (UNI) surged 5.325%, and Lido DAO (LDO) jumped 11.80%. Bitcoin (BTC) gained 0.80% to break above $65,000, while Ethereum (ETH) climbed 1.88% to surpass $1,900. Most other sectors followed upward, including RWA (+2.02%), PayFi (+1.00%), and Layer1 (+0.62%), while SocialFi was the sole decliner at -0.96%.

According to Yonhapnews, South Korea's benchmark KOSPI index rose 2.36% on July 20, gaining 154.08 points to close at 6,670.35. Meanwhile, the KOSDAQ index declined 2% over the same period, weighed by semiconductor sector volatility.

According to official data released by the Chongqing Statistics Bureau and the National Bureau of Statistics Chongqing Investigation Team, the city's regional GDP reached 1.67 trillion yuan (RMB) in the first half of 2026, up 4.2% year-over-year in real terms. The primary industry expanded 4.1% to 70.52 billion yuan, secondary industry grew 2.2% to 564.9 billion yuan, and tertiary industry increased 5.3% to 1.03 trillion yuan.

According to The Block, on July 21, a Washington state judge issued a preliminary injunction against prediction market platform Kalshi, ruling it constitutes illegal gambling under state law. Kalshi responded that states have no authority to regulate prediction markets, stating that many courts have already clarified this point.

According to the Financial Action Task Force (FATF), as of 2026, global regulatory progress on virtual assets (VA) and virtual asset service providers (VASP) continues to advance. The FATF's latest report shows that 86% of jurisdictions have completed risk assessments for virtual assets, while 83% have implemented Travel Rule legislation. Recommendation 15 (large transactions reporting) achieved 34% "substantial compliance" globally. However, the report identifies significant enforcement gaps, V

According to Financial News on July 21, Hyundai Motor's second-quarter earnings are expected to fall short of market forecasts due to component supply disruptions and overseas factory production halts. KB Securities downgraded its price target from 1.2 million KRW to 900,000 KRW (a 25% cut) but maintained a buy rating, citing the company's long-term growth potential in humanoid robots and autonomous driving. Separately, Korean Tire and Technology saw its target price raised to 120,000 KRW by Mer