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
09:53
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Alipay Denies Authorization for Crypto Trades as Peer Reports 107 USDC Transactions on October 28

According to its October 28 statement, Alipay denied supporting cryptocurrency trading through third-party platforms after decentralized marketplace Peer announced a service enabling users to buy and sell USD Coin (USDC) using Chinese yuan payments. Alipay warned customers of potential risks to their funds and payment accounts, clarifying that it had not authorized crypto purchases through external platforms. Peer emphasized it held no formal partnership or technical integration with Alipay. Pee
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09:53
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Allium Discloses Security Breach on October 28, Revokes API Keys After Detection

According to FinanceFeeds, blockchain data infrastructure provider Allium disclosed on October 28 a security breach involving unauthorized access to its systems, detected on October 25. CEO Ethan Chan said the company immediately restricted unauthorized access, secured affected systems and notified potentially impacted customers. An independent cybersecurity firm has been engaged to investigate the incident and review security controls. Allium began revoking existing API keys and instructed cust
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09:53
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Visa's Stablecoin Settlement Run Rate Hits $25B, Up 10-Fold Year Over Year

According to Visa's October 27 earnings call, the company's annualized stablecoin settlement run rate has surpassed $25 billion, representing approximately tenfold growth compared to a year earlier. Visa now supports stablecoin settlement across 10 blockchain networks, more than double the number from a year ago, and operates across all five geographical regions. The company supports five stablecoins for settlement, including USDC, USDG, EURC, PYUSD and SBC. CEO Ryan McInerney noted that Visa ha
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09:51
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zkLink Nova Escrow Drained to 0.001 ETH via Forged Batch Root on October 28

According to security firm Blockaid, an attacker drained zkLink Nova's Ethereum escrow to 0.001 ETH on October 28 by injecting a forged batch root through a public relayer and finalizing unauthorized withdrawals. Blockaid raised the alarm at 10:24 p.m. Eastern time, identifying the exploit targeting the zkLink Nova bridge's vulnerable withdrawal mechanism.
ETH-2.12%
09:51
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South Korea's 3-Year Government Bond Yields Fall 3.3bp to 3.766% on October 29

According to Yonhap Infomax, South Korea's government bond yields declined on October 29, with 3-year yields falling 3.3 basis points to 3.766% and 10-year yields dropping 2.7bp to 4.081%. Foreign investors showed steady net buying of 3-year futures contracts (1,809 contracts), while U.S. crude oil prices rose 2.88% to $102.78 per barrel overnight, reflecting Middle East tensions and lower-than-expected commercial crude inventories.
09:44
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USD-KRW Falls 0.90 Won to 1,336.80 on Oct 29 After FOMC Holds Rates Steady

According to Yonhap Infomax, the USD-KRW exchange rate retraced its prior day gains to trade at 1,336.80 won on October 29, down 0.90 won, after the Federal Reserve held its policy rate steady at 3.75%-4.00% in its October meeting. The currency intraday high was 1,341.60 won and low was 1,331.30 won
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09:41
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Pons Adds Liquidity to PayPal, Disney, McDonald's Stock Tokens on Robinhood Chain

According to Foresight News, Pons announced yesterday that it has added support for eight new stock tokens that launched on the Robinhood chain, including JPMorgan Chase, Visa, PayPal, BitMine, McDonald's, Walt Disney, Uber, and VanEck Gold Miners ETF. Pons also confirmed it has actively provided liquidity for Disney, PayPal, and McDonald's stock tokens through the Pons treasury.
09:38
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Douyin Work Opens Third-Party LLM Services to Enterprise Customers on Oct 29

According to PANews, Douyin Work on October 29 announced opening third-party large language model services to enterprise customers. Initial integrations include Kimi K3.1 Pro, GLM-5.3, and DeepSeek V4.1 Flash. The feature is available to team and enterprise subscription users with no additional vendor purchase or application required. Enterprises can specify which models apply across Douyin Work's desktop, mobile, web, and Feishu integration environments. Usage costs are automatically deducted f
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09:33
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Bitcoin ETF Net Inflows Near Zero YTD, but BTC Down Only 7%, Says CryptoQuant Founder

According to CryptoQuant founder Ki Young Ju on October 29, Bitcoin ETF net inflows have been nearly zero this year, yet BTC has only declined 7%. With minimal ETF demand and stable pricing, large-scale selling from whale holders or miners appears unlikely, as those wanting to sell have likely already done so. Ki Young Ju expects that once midterm election uncertainty fades and ETF inflows resume, bullish momentum will return to the market.
BTC-1.63%