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.
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08:48
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Chinese AI Firms Generate $11B in Combined Revenue in September, Led by ByteDance at $4B

According to research firm Epoch AI in September, six Chinese artificial intelligence companies generated combined annual revenue of $11 billion, approximately one-tenth of OpenAI and Anthropic's combined $105 billion. ByteDance led Chinese firms with $4 billion in revenue, including cloud computing operations, followed by DeepSeek and Zhipu AI among others.
08:47
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Iran Calls U.S. "Iron Gate" Plan "Doomed to Fail" on November 9

According to Iran's Foreign Ministry spokesperson Baghaei on November 9, the U.S. military's "Iron Gate" plan is destined to fail. Baghaei stated the plan is fabricated by U.S. military officials attempting to deflect from their failures, adding that "people know what these individuals have done, an
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08:44
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Canary's Staked INJ ETF Hits $16.12 Million in First Two Nasdaq Sessions

Canary Capital's staked INJ ETF (INJC) began trading on Nasdaq on November 5, hitting $16.12 million in net assets by Friday's close on November 6. The fund is the first U.S. spot product of its kind for Injective, pairing INJ spot exposure with staking rewards earned through validators. INJ
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INJ-2.47%
08:33
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Chinese Yuan Depreciates to 6.6735 Against US Dollar on Nov 9

On Nov 9 at 4:30 p.m. Beijing time, the onshore Chinese yuan fell to 6.6735 against the US dollar according to the official fixing. The currency depreciated 24 points from the previous trading day's close, while gaining 28 points compared to the previous night's
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08:32
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Crypto Industry Raises $1.65 Billion in October, Kalshi's $1 Billion Round Accounts for 61%

According to Odaily, crypto venture capital funding reached $1.65 billion in October 2026, more than doubling from September, driven primarily by Kalshi's $1 billion Series G funding round. Kalshi's raise accounted for 61% of the month's total funding. Excluding Kalshi, other projects secured $651 million, while seed and pre-seed rounds grew 8% to $123 million across 20 deals. The payment sector led with $342 million in funding from 12 deals, including a $200 million round for Whop. RWA-focused
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