Gate Crypto Flash News and Market Updates

According to the European Central Bank, Europe's Stability Mechanism (ESM) issued €1 billion ($1.11 billion) in digital bonds this week, marking the first settlement by a eurozone supranational borrower through the Pontes platform using central bank money. The issuance signals that Europe's tokenized finance market has transitioned from experimental phases toward broader adoption, with regulators advancing blockchain-based technology into mainstream capital markets, the ECB spokesperson said.

According to Reuters, OPEC+ is expected to maintain December oil production targets unchanged when seven major producers meet on November 1, despite Brent crude trading above $110 a barrel. Three sources familiar with discussions said Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan, and

According to The Guardian, SpaceXSI, Elon Musk's data center business powering Grok, is buying out 418 properties in Colonial Hills, Southaven, near its flagship AI data center site. Real estate agents are offering deals on behalf of the company provided that buyers do not join a class-action

According to Reuters, citing two sources, Russia will extend its diesel export ban through year-end on October 29, while simultaneously allocating export quotas to certain refineries to fulfill its new supply commitment to the United States. November's export quota will increase to 2 million tons

According to Bitcoinist, on October 28, Grant Cardone challenged venture capitalist Jason Calacanis with a proposed $1 million wager that Bitcoin will reach at least $126,210.50 by October 28, 2028. The challenge follows Calacanis' October 27 prediction that Bitcoin will never surpass its previous a

According to Bitget, Nasdaq-100 constituents showed mixed performance during intraday trading on October 29, with semiconductor equipment and delivery platform stocks leading gains. KLA Corporation (KLAC) surged 7.34%, DoorDash (DASH) rose 6.13%, and Rocket Lab (RKLB) gained 4.27%. Meanwhile,

According to the Optimism governance forum, the Optimism Foundation has proposed returning a portion of sequencer fees to ecosystem partners that drive key business activity on OP Mainnet. The rebate funds will come from ETH transaction fee revenues generated by the relevant transactions, not OP

Saudi Arabia's main stock index fell 1.02% on Thursday (Oct 29), closing at 9921.50 points, ending three consecutive days of gains. The index had hit 9438.50 points on Oct 25, marking the lowest closing level since March 25, 2021. Despite the daily decline, the benchmark index gained 2.33% for the w

According to COINOTAG, on October 29, the combined value of real-world assets tokenized on Solana reached $5.19 billion for the first time.

According to James Bilson, Schroders investment strategist, as reported by Jin10, the euro weakened to 17-month lows against the dollar and nearly 19-month lows against the pound following the ECB's interest rate decision on October 29. The European Central Bank held rates unchanged but signaled caution on future rate increases, citing tightening financial conditions and a weakening economic outlook. Bilson stated that the ECB still faces a difficult policy dilemma given downside risks to growth

According to glassnode founder Rafael, Bitcoin is currently in the drawdown window approximately 13 months after the cycle top, but the retracement magnitude is notably smaller than previous cycles. The retracements 13 months post-peak were 71.0% in 2013, 79.5% in 2017, and 74.6% in 2021, compared to the current 34.8%.

According to BlockBeats citing HTX data, Kinetiq (KNTQ), a liquidity staking protocol in the Hyperliquid ecosystem, broke through $0.5 on October 29, marking a new all-time high. The token surged over 15% in the past 6 hours, with its market cap reaching $156

According to a Reuters survey, analysts raised their 2027 LME copper price forecast to $14,012 per tonne, up from earlier estimates. The 2026 average is projected at $13,647 per tonne.
Copper markets are expected to post a surplus of 125,000 tonnes in 2026 and 92,000 tonnes in 2027, reflecting anal

According to Nikkei Asia, AI industry demand is triggering a severe PCB shortage for PC makers, with order books now filled through 2030 and lead times stretching to 30 months. Some new orders placed today will not be fulfilled until late 2028. Copper clad laminates (CCL), essential materials for PC

According to quantum computing firm Alice & Bob, a fault-tolerant quantum computer with approximately 29,588 physical qubits could break Bitcoin's 256-bit elliptic curve encryption in about 61.8 minutes, based on the company's theoretical resource estimates. The research also estimates that 22,593 p

According to a statement from operator Oyu Tolgoi LLC, a rockslide occurred at the copper mine in Mongolia's South Gobi Province at approximately 18:00 local time on October 29, injuring 15 workers. A seismic geological event in a fractured rock zone beneath the mine triggered the localized collapse. No fatalities have been reported.

According to growthepie's Arbitrum analytics dashboard, Arbitrum's daily active addresses reached approximately 1.09 million on October 28, marking their highest level in 30 days. The figure represents a 90.3% increase compared with the previous week. However, transaction activity rose only 29.3% to

According to COINOTAG, KuCoin has ceased service to customers in Russia and Belarus effective immediately today, becoming the third major crypto exchange to withdraw from the region within two weeks. The discontinuation applies to all products and services offered by the

According to Wall Street Journal reporter Nick Timiraos, who serves as a conduit for Federal Reserve communications, Fed Chair Kevin Warsh noted this week that high interest rates have begun affecting AI investments. Warsh highlighted that while market observers often view AI-backed companies as

According to Jin10, White House National Economic Council Director Hassett indicated on October 29 that the Federal Reserve may raise rates if October inflation data comes in higher. The latest PCE report, released today, showed core inflation (excluding food and energy) rose 3.1% year-over-year in