Gate News message, April 22 — B2B stablecoin technology provider Infinite has launched Infinite Accounts, a banking account service for enterprises that supports deposits, withdrawals, ACH transfers, domestic and international wire transfers, as well as stablecoin minting, burning, and on-chain tran

Gate News message, April 22 — Dar Albalad for Business Solutions Company, a Saudi IT services provider, is pursuing the first initial public offering in the Gulf Cooperation Council (GCC) region since the start of the Iran war. The company will float 21 million shares, representing 30 percent of

Gate News message, April 22 — HSBC has narrowed the list of bidders for its Singapore life insurance business to three companies: Allianz, Dai-ichi Life, and Sumitomo Life. The unit is valued at potentially up to $2 billion. The three shortlisted firms are working with advisors to prepare binding a

Mainland Chinese insurers have invested over US$250 million in Hong Kong IPOs this year, led by Ping An and others, shifting toward AI, semiconductors, new energy, and biotech as regulatory changes and Beijing support promote patient, higher-return listings. Mainland Chinese insurers, including Ping An, Taikang Life, New China Life, and China Post Life, have allocated over US$250 million to Hong Kong IPOs this year, targeting AI, semiconductors, new energy, and biotech. The move is driven by low domestic rates, Beijing's long-term equity backing, and regulatory easing, reinforcing Hong Kong as the preferred listing venue and signaling patient capital from insurers.

Gate News message, April 21 — Scammers impersonating Iranian authorities have targeted shipping companies with vessels stranded west of the Strait of Hormuz, demanding Bitcoin and Tether (USDT) payments in exchange for safe passage, according to maritime risk firm Marisks. The fraudsters

Gate News message, April 21 — Wantai Biotech (603392) reported its first annual loss since listing in 2020, with 2025 net loss attributable to parent company reaching 398 million yuan (approximately $55 million), while revenue declined 18.99% year-over-year to 1.819 billion yuan. The company attribu

Groww's parent company reported an 87% revenue increase to 15.1 billion rupees, with net profit rising to 6.9 billion rupees in Q1 FY26. Significant investments include a wealthtech acquisition to diversify revenue amidst regulatory challenges in derivatives trading.

An attacker exploited a vulnerability in Kelp DAO's cross-chain bridge, stealing $293 million in unbacked rsETH. The incident caused significant losses for DeFi platforms, with Aave facing up to $236 million in bad debt and substantial impacts on the market.

Hong Kong's Financial Secretary Deputy Chief Lam Ho-him noted increased interest from Middle Eastern clients in transferring funds and opening local accounts. He highlighted mutual engagement, the expansion of virtual insurance in the region, and the introduction of Islamic bond ETFs, indicating Hong Kong's development as a digital asset innovation hub.

Manycore Tech, a Hangzhou-based spatial AI firm, successfully launched on the Hong Kong Stock Exchange, raising US$157 million. The company's stock opened significantly higher, reflecting strong investor demand and a turnaround to profitability after years of losses.