Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
Today
11:13
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Block's Cash App Transforms Into Digital Bank; 9.4M Active Users, Up 17%

According to Bloomberg, Block announced today that Cash App will transform into a comprehensive digital bank by expanding its offerings to include stock and ETF trading, bitcoin transactions, short-term loans, high-yield savings accounts, and customized debit cards. The platform currently has 9.4 million users who rely on it as their primary banking service, representing 17% year-over-year growth. The transformation aims to increase user engagement and customer retention amid slowing growth in t
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BTC-3.07%
11:12
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Synthetix Recovers 8.4M SNX Stolen from Binance, Worth $1.55M

According to Synthetix, the protocolDAO recovered approximately 8.4057 million SNX (worth $1.5455 million) stolen from Binance earlier today, on October 30 at 07:03 UTC. Etherscan data shows the tokens were transferred from the "Binance Hot Wallet Exploiter 2" address to Synthetix protocolDAO's
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SNX-7.65%
11:03
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TRON Breaks 160-Billion Transaction Milestone

According to ChainCatcher citing TRONSCAN data, TRON's total transaction count reached 16,007,883,862, officially breaking the 160 billion milestone. The metric tracks cumulative transactions on the TRON network.
Additionally, a recent Nansen report shows TRON processed $2.21 trillion in
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TRX+3.22%
10:49
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Binance to Cover $6.3B Security Breach Losses Using SAFU Fund

According to Binance co-CEO Richard Teng, on October 30, the exchange announced it would cover approximately $6.3 billion in losses from a security incident, with around $3 billion already frozen on-chain. Preliminary findings suggested a compromised DevOps engineer's laptop allowed an attacker to a
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10:45
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Whale Increases INTC Short Position by 82.7%, Nets $4.58M in Sales on October 30

According to TradingBeats, a whale account increased its INTC short position from approximately 79,900 contracts to 146,000 contracts on October 30, an 82.7% increase. The account sold a net total of 6.61 million shares worth approximately $4.58 million, with an additional $2.37 million sold during pre-market trading at an average price of $68.07 per share. The account now holds approximately 146,000 INTC short contracts valued at around $10.06 million, with an average entry price of $79.52 and
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10:44
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Canton Strategic Tokenizes CNTN Stock on Canton Network Nov 2

According to COINOTAG, Canton Strategic Holdings (CNTN), a Nasdaq-listed company, announced on Oct. 29 that it will tokenize its common stock on the Canton Network, a blockchain platform for financial transactions, with trading expected to begin
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CC-2.28%