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
01:32
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BitMart Confirms Fresh Hacker Attack, Security Team Severely Understaffed

According to Cointelegraph, BitMart founder Sheldon Xia confirmed on Wednesday that the exchange's security team is severely understaffed following a fresh hacker attack. Xia stated on X that employee threats and alleged retaliation by former staff have made it difficult to retain technical
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01:29
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Bitcoin Developer Estimates 80% Probability Next Soft Fork is BIP-54

According to Decrypt, Bitcoin developer Matt Corallo recently estimated that the next soft fork on the Bitcoin network has an 80% probability of being BIP-54 (a major consensus cleanup proposal). The proposal, introduced in 2019, aims to fix four long-standing bugs in Bitcoin's consensus rules,
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BTC+4.35%
01:23
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Democratic-Controlled Senate Blocks Trump's Fed Restructuring Plan on Nov 4

According to Nick Timiraos of the Wall Street Journal, on Nov 4, Democrats' control of the U.S. Senate creates the strongest obstacle to President Trump's efforts to restructure the Federal Reserve. Trump appointed Kevin Warsh as Fed Chair earlier this year, but the Fed Board remains majority-contro
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01:23
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Commodity Put Options Surge Up to 259% as of Nov 5, PTA Leads Rally

According to Jin10 Futures, as of 9:20 a.m. on November 5, multiple commodity options posted significant gains, with put options on crude oil futures for December 2612 contract rising 241.28% to 18.6 yuan per barrel.
Other notable movers included PTA put options (December 2612, strike 6000)
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01:22
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South Korea's Democratic Party Calls for Digital Asset Tax Deferral, Expedited Basic Law on Nov 5

According to Democratic Party officials, South Korea's Democratic Party called for a deferral of digital asset income taxation on November 5, while accelerating the enactment of a Digital Assets Basic Law to establish market regulations and investor protections. During the deferral period, the party plans to establish systems for collecting overseas transaction information and strengthen coordination between the National Tax Service and digital asset exchanges. Party policy chief Kwon Chil-seung
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