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
14:07
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SOFR Rises to 3.90% on November 12, Up 1 Basis Point

According to the Federal Reserve Bank of New York, the Secured Overnight Financing Rate (SOFR) rose to 3.90% on November 12, up 1 basis point from the previous day. The effective federal funds rate remained unchanged at 3.88%.
14:01
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Nvidia CEO Huang Resigns; Trump Suggests Apple's Cook as Successor, Analysts Say Unlikely

According to Trump's Truth Social post on Thursday (November 12), Nvidia CEO Jensen Huang resigned after violating company conduct policies, with CFO Colette Kress assuming interim leadership. Hours later, Trump publicly suggested Apple's former CEO Tim Cook as Huang's successor, calling him "the only one" qualified to replace "a legendary person." Cook led Apple for 15 years before stepping down September 1 and currently serves as executive chairman. However, analysts estimate the probability o
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13:53
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Coinbase Supports CFTC in U.S. Stock Perpetuals Legal Dispute This Week

According to ChainCatcher, Coinbase and five other companies submitted a joint amicus brief this week opposing a Capital Markets Alliance Association request to halt U.S. stock perpetual futures trading. BitMEX co-founder Arthur Hayes said he was "pleasantly surprised" by Coinbase's support for the
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13:49
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Ethereum Foundation Wallet Sells 2,000 ETH Friday as US Spot ETF Outflows Hit $695.9M in November

According to on-chain data, an Ethereum Foundation-linked wallet sold 2,000 ETH on Friday for approximately $3.87 million via CoW Swap, bringing cumulative sales from the address to 6,785 ETH since October 26. The wallet currently holds around 11,000 ETH, valued at roughly $21.3 million. Meanwhile, US spot Ethereum ETFs experienced $695.9 million in net outflows in November across 7 of 8 trading sessions, with total net assets declining from $13.22 billion on October 30 to $11.65 billion by Nove
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13:48
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Xpeng Plans to Launch 5 Right-Hand Drive Models in UK in 2027

According to Xpeng, the company plans to introduce 5 new right-hand drive vehicle models in the United Kingdom in 2027, alongside its next-generation NGP advanced driver assistance system powered by VLA 2.0. Xpeng also aims to establish approximately 100 retail and service outlets across the UK
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