Gate Crypto Flash News and Market Updates

According to COINOTAG, on November 2, Bitcoin's kimchi premium across Korean exchanges held steady at 0.05% as of 6:30 p.m. Korea time. The kimchi premium measures the price spread between Korean exchanges and the global

According to Yonhap Infomax, South Korea's interest rate swap (IRS) rates rose on November 2 as stock prices rebounded and risk appetite increased. The 1-year IRS rate reached 3.5850%, up 2.50 basis points from the previous trading day. The 3-year, 5-year, and 10-year IRS rates climbed 3.75bp, 4.50b

According to COINOTAG, Bitway released 101.63 million BTW tokens into circulation on November 2, with a valuation of $109.66 million. The unlock represents 3.37% of the project's circulating supply of 3.01 billion BTW.

According to a letter first disclosed by Semafor, four Democratic U.S. senators have accused Elon Musk's X platform of giving Polymarket an unfair competitive advantage. The senators alleged that while X typically allows users to report ads for various reasons, Polymarket ads cannot be reported through the standard reporting interface on X, unlike competitor Kalshi's advertisements.

According to Odaily, as of November 2 at 4:40 AM, the two most profitable Hyperliquid traders this month collectively hold approximately $1.06 billion in short positions across crypto assets, precious metals, and meme coins.
The leading account holds $617.5 million in short positions across 22

According to the People's Bank of China, the central bank will conduct swap facility operations for securities companies, fund managers, and insurance companies on November 3, with a tenor of 1 year and the option to extend. The PBOC said 31 securities and fund firms have submitted applications

According to on-chain records, Binance transferred 80 million XRP, valued at approximately $101 million, from its compromised hot wallet on November 2. The exchange dispatched two identical transfers of 40 million XRP each, 50 seconds apart, to newly created internal addresses, completing the wallet

According to Bizwatch, South Korea's Financial Commission held an emergency meeting with major crypto exchanges on November 2 following a $6.3 billion unauthorized transfer from Binance's hot wallet on October 30. The meeting, which included financial regulators and industry bodies, focused on

On November 2, the Hong Kong Monetary Authority launched the SAGE project to promote responsible development and application of agentic finance in Hong Kong and established an expert group comprising members from financial institutions, technology service providers, professional service firms, and a

According to PR Newswire, Sunrate launched Sunrate Agentic Card at Hong Kong FinTech Week, a programmable multi-currency corporate virtual card designed for AI Agents. The card enables AI Agents to independently create virtual cards, initiate payments, and query transaction results within preset

According to ChainCatcher citing Lookonchain monitoring data, an address transferred all 999.953 BTC worth $78.12 million after remaining dormant for over 6 years. The address had acquired these bitcoins approximately 6 years ago when BTC was trading at $10,727.

According to OKX, the Hold to Earn Phase 2 campaign launches on November 3 at 08:00 UTC+8 through December 3 at 07:59 UTC+8, with a total reward pool of 400,000 USDC. Eligible VIP trading users who hold USDC in their main account and complete at least 1,000 USD in cumulative qualifying USDC trades d

The European Central Bank has selected payments technology company Nexi and telecommunications provider Deutsche Telekom as connectivity providers for the digital euro infrastructure under a 10-year agreement. Spain's Telefónica and technology company Minsait have been identified as the second conne