Gate Crypto Flash News and Market Updates

According to Binance's official announcement, the exchange will suspend Zcash (ZEC) deposits and withdrawals on July 28, 2026 at 8:00 PM (UTC+8) to support the network upgrade and hard fork. The Zcash project is scheduled to execute the network upgrade and hard fork at block height 3,428,143, estimated at 9:00 PM (UTC+8) on the same day.

According to Jin10 Futures on July 21, product-to-sales ratios for Shandong independent refineries' gasoline and diesel reached 105% over the past week, up 11 and 6 percentage points respectively from the prior week. Gasoline prices surged 527 yuan per ton, while diesel prices jumped 987 yuan per ton, driven by rising crude oil costs amid escalated Middle East geopolitical tensions. With refiner margins improving, downstream purchasing increased significantly. Shandong's petroleum product market

According to Foresight News, Hylo, a Solana-based yield protocol, has launched xBTC anti-liquidation leverage tokens. Users holding the tokens gain 3x Bitcoin exposure. The protocol plans to expand leverage tokens to crypto assets, yield-bearing assets, equities, and commodities in the future.

According to nate, Hanwha Group has become the largest shareholder of tokenized securities company Securitize, holding 15.6895 million shares representing a 9.6% stake, surpassing Blockchain Capital's 6% and co-founder Carlos Domingo's 5.4%. Hanwha Group holds the stake through three entities: its private fund (5.9%), subsidiary H Foundation (3.1%), and Hanwha Investment Securities (0.6%).

According to The Fact, Kiwoom Securities' stock fell 11.27% from 346,000 won on June 19 to 307,000 won on July 20. The decline comes as the brokerage faces multiple headwinds: retail market share dropped from 26.5% in Q4 2025 to 24.7% in May 2026, while the broader securities sector underperformed amid KOSPI volatility. The Financial Supervisory Service launched an investigation into Kiwoom Securities' JTBC bond sales practices following claims from the Joongang Group bond victims' legal team th

UK employment saw a net increase of 1.419 million in the three months to May, according to the International Labour Organization (ILO) measure, significantly outpacing the prior reading of 100,000.

UK jobless benefit claims rose by 6,700 in June, compared with an increase of 31,200 in the prior month, according to official labor statistics.

In May, UK average wages including bonuses grew 4.3% year-over-year, down from 4.4% in the prior period.

In June, the UK government's fiscal deficit stood at 15.227 billion pounds, down from 24.1 billion pounds in the previous month. The improvement reflects reduced government spending or increased tax revenues during the period.

The UK's public sector net borrowing in June fell to £15.989 billion, down from £23.3 billion in the prior month, according to official government statistics.

Switzerland's trade surplus in June reached CHF 5.224 billion, down from the previously reported CHF 6.11 billion, which was revised to CHF 5.989 billion.

In May, the UK's three-month average wage growth rate excluding bonuses came in at 3.4% year-on-year, matching both the forecast and the previous reading of 3.40%, according to official data.

The UK unemployment rate dropped to 4.4% in June, down from 4.50% in the previous month, marking a 0.1 percentage point decline.

According to ILO data, the UK's three-month rolling employment figure for May reached 147,000, surpassing forecasts of 80,000 and the previous month's 100,000 persons.

According to Goldman Sachs report, Brent crude could rise above $120 per barrel in Q4 if the Strait of Hormuz disruption persists, though this is not the bank's base case scenario. Under its base assumption of regional de-escalation, Goldman Sachs forecasts Brent crude at $80 per barrel in Q4 and $75 per barrel next year. The report noted that Middle East tensions and Persian Gulf flows falling below 45% of pre-conflict levels are driving oil prices higher. Analysts highlighted that disruption r

According to Hyperinsight, an address opened a 5x leveraged short position on ZHIPU today, entering between $127.5 and $143.2 as the token rebounded from its low. The position holds $198,700 in value with a liquidation price near $163.83, currently showing an unrealized loss of approximately $14,100, or a 38.1% loss on initial margin. ZHIPU traded at $146.71 as of reporting, up 31.1% from today's low of $112.08. Seven additional short positions exceeding $50,000 were established in the past 2-3

According to Odaily, Samsung Electronics and SK Hynix announced late last month a total of 32 trillion won (approximately $24.6 billion USD) in semiconductor equipment investment by 2030. Samsung plans to build four new fabrication plants—two in Pyeongtaek (P5, P6) and two additional fabs in the Yongin and Gwangju clusters. SK Hynix will construct two fabs in Yongin and one in Gwangju, bringing the combined total of new fabs for both companies to seven by 2030.

According to Korean Corporate Governance Forum, the body urged Hyundai Motor's board today (July 21) to execute five shareholder value-enhancement measures, including liquidating its Global Business Center (GBC) property stake, disposing of cross-shareholdings in KT (worth 700 billion won) and Posco (worth 1 trillion won), and increasing buybacks of undervalued preferred shares. The forum criticized Hyundai's 2024 preference share buyback as "discriminatory," noting that from January to April 20

According to Participatory Democracy Center's analysis of 2025 South Korean tax statistics, single-family homeowners paid an average of 1.12 million won annually in comprehensive real estate tax last year, up 230,000 won from 2024, or approximately 90,000 won per month. Only about 1% of the nation's 16 million residential property owners are subject to property tax as single-family homeowners. In Seoul, single-family property tax payers represent 4.5% of 2.659 million homeowners. The analysis fo

According to Yonhap Infomax, on July 21, Samsung Compliance Committee Chair Lee Chan-hee stated he was unfamiliar with details surrounding Samsung Electronics' potential American Depositary Receipt (ADR) listing, declining to comment on the matter. Lee emphasized that the compliance committee would review any proposal once it reached the board if it involved compliance concerns, but would not intervene in specific management decisions. Samsung Electronics plans to invest approximately 400 trilli