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
10:13
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Ethena's USDe Deploys Natively to X Layer on October 23

According to BlockBeats, Ethena's synthetic dollar USDe deployed natively to X Layer on October 23. Users can now hold and trade USDe within the X Layer ecosystem. OKX Wallet will subsequently support USDe staking and add USDe to its existing yield-earning features, enabling users to participate in on-chain strategies directly.
10:05
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Gate Money Targets User Base Doubling in 1-2 Years, Dr. Han Shares Product Vision

According to ChainCatcher, Gate founder and CEO Dr. Han shared Gate Money's product vision in the latest Gatecast podcast, targeting a doubling of the platform's user base within one to two years. The service leverages Gate's multi-year trading infrastructure, institutional liquidity, and global regulatory licenses to enable asset conversion and daily payment functionality across multiple asset types. Dr. Han highlighted the application of multi-asset payments in everyday scenarios, using the ex
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10:03
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ether.fi Team Transfers 3.5M ETHFI Today, Brings Unstaked Holdings to ~5M

According to Arkham data monitored by PANews, ether.fi team transferred 3.5 million ETHFI to address 0xB20 today, valued at approximately $2.28 million. The address, which received 1.255 million ETHFI around 12 months ago, appears to be a smart contract with vesting unlock functionality. ether.fi now has nearly 5 million ETHFI available and unstaked.
10:01
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Barry Plunkett, Cosmos Co-CEO, Featured in New York Post on Tokenization Risks and Opportunities

According to a recent feature in the New York Post, Barry Plunkett, Co-CEO of Cosmos, shared insights on the complexities of tokenization, highlighting both emerging opportunities and inherent risks. Plunkett emphasized that while tokenization offers innovative ways to democratize asset access, investors must carefully consider the significant challenges and regulatory implications as adoption accelerates.
09:52
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Polymarket Fires CMO Matthew Modabber on October 22 Amid Marketing Probe

According to the New York Post on October 22, 2026, prediction market platform Polymarket has fired Chief Marketing Officer Matthew Modabber following an internal investigation into controversial promotional practices. Modabber, who joined Polymarket in January 2024, was among the company's earliest employees. The dismissal stems from months of scrutiny over promotional campaigns that allegedly used simulated trading activity to portray users earning substantial profits. A June investigation by
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09:52
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JPMorgan: AI Stock Selloff Nears Limit as Hedge Funds Exit Positions Since Mid-September

According to JPMorgan Chase on October 22, AI-related stock selloffs may be approaching their limit as investors have significantly adjusted equity positions since mid-September. Strategist Nikolaos Panigirtzoglou noted that the bank's overall equity positioning indicator has fallen well below recent highs, indicating that previously elevated market exposure is being absorbed. JPMorgan estimates global listed tech companies will generate $2.2 trillion in cash flow and spend $1.8 trillion on capi
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09:49
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7 Hyperliquid Addresses Deploy $42.9M in BTC Sell Orders Between $83.4K-$85.1K Today

According to BlockBeats, on October 23, seven key addresses on Hyperliquid deployed 510.22 BTC—worth approximately $42.896 million—in 90 limit sell orders concentrated between $83,400 and $85,112, just 1.9% to 4.0% above the current price of $81,850. The sell orders are primarily profit-taking positions arranged by long holders. Approximately $30.846 million in sell orders come from five addresses reducing existing long positions after price increases, while additional orders at $83,583, $83,700
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09:49
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HSBC Launches RedCoin Stablecoin on PayMe With 3.3 Million Users Access on October 23

According to HSBC, the bank launched RedCoin (RCHKD), a Hong Kong dollar-denominated stablecoin, on PayMe on October 23. The token supports peer-to-peer transfers and merchant payments, with more than 3.3 million PayMe users able to activate an in-app wallet in the coming days and use RedCoin at over 100,000 merchants. HSBC plans to integrate the wallet into its HSBC HK Mobile Banking App later this year and enable customers to subscribe to tokenized investment products using RedCoin.
09:47
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Russia Begins Diesel Supply to U.S., First Tanker Dispatched Today

According to Russian presidential spokesman Peskov, Russia has dispatched its first tanker loaded with diesel to the United States today (October 23). The supplies are launched under a bilateral agreement between Russia and the U.S., with further deliveries to proceed according to schedule.
09:41
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THORChain Q3 Trading Volume Hits $3.82 Billion, Up Nearly 2x From Q2

According to Foresight News, THORChain's Q3 2026 trading volume reached $3.82 billion with fee income of $5.77 million, nearly doubling from Q2 since the protocol's restart on June 22. This marks the first complete quarter since the restart. The platform's total liquidity increased to $89.82 million from $54.58 million. During September 25-29, when stolen Bitget funds were exchanged through THORChain, trading volume for those five days reached $1.38 billion.