Gate Crypto Flash News and Market Updates

According to Xinhua, on October 28, preliminary vote count in Israel's parliamentary elections showed neither the right-wing bloc supporting Prime Minister Netanyahu nor the opposition bloc secured an absolute majority. Netanyahu's Likud party remained the largest faction in parliament.

According to KuCoin's weekly report, the Office of the Comptroller of the Currency (OCC) has finalized its GENIUS Act stablecoin rules, designed to enhance regulatory clarity in the cryptocurrency market. Additionally, SoFi has announced the separation of tokenized deposits from stablecoins.

According to Pyth Network, Kalshi, Coinbase, Kraken, and OKX are now building markets on Pyth Indices. The collaboration includes diverse contracts, ranging from Kalshi's US30 futures to Kraken's oil perpetuals, marking an expansion of institutional participation in Pyth's decentralized data ecosystem.

According to Adyen's official Q3 2026 business update, the Dutch payments company's shares plunged approximately 12% in Amsterdam trading on Wednesday, October 28, despite beating analyst expectations. Net revenue rose 23% year-over-year to €738.1 million (forecast: €730.3M), while processed payment

According to Glassnode, over the past two weeks, Bitcoin's one-month realized volatility has fallen to approximately 25%, matching levels from summer 2023. U.S. spot Bitcoin ETF inflows have slowed significantly, with net inflows of just $67 million over the past two weeks. Bitcoin has retreated

Anthropic's IPO plans to open up to 20% of shares to retail investors, with JPMorgan Chase leading the underwriting process. Meanwhile, SK Hynix reported a 7-fold surge in operating profit for Q3 and announced a record-breaking trillion-won shareholder buyback, sending shares up 10%. AI cooling

According to the Federal Reserve, the Federal Open Market Committee (FOMC) meeting proceeded as scheduled on Wednesday morning at 9 a.m.

According to Bitget's official data, the platform's referral program has completed its final rewards distribution. The program has issued a cumulative total of 8,936,975 USDT to 7,308,958 users.

According to Decrypt, Birch Hill, a New York startup founded by former Goldman Sachs and BlackRock employees, announced the completion of a $4 million seed funding round on October 28, with Multicoin Capital leading the investment. ParaFi Capital, Castle Island Ventures, and Nascent also

According to The Block, Ripple projects $900 million in annualized product revenue by the end of 2026, with growth coming from payments, custody, stablecoins, prime brokerage, and treasury services. The company's payment network is expected to reach approximately $150 billion in cumulative transaction volume by year-end, and its stablecoin RLUSD has reached a market cap of $2.6 billion. Earlier this week, Ripple received final approval from the U.S. Office of the Comptroller of the Currency (OCC

The Bank of Canada is expected to raise its benchmark rate to 2.5% this week, according to market expectations. Analysts will monitor the central bank's assessment of escalating U.S.-Canada trade tensions and tariff measures, as well as any signals regarding future rate paths and updated forecasts f

According to BlockBeats, trader Killa on Oct 28 forecast that Bitcoin will experience at least 10% volatility over the next 7-10 days following the FOMC announcement. Killa expects a bullish reaction post-event, potentially pushing BTC toward the 90,000 level. He noted a downside risk of a

According to U.S. Treasury and State Department data cited by ChainCatcher, net purchases of U.S. Treasuries by allied nations totaled $174.3 billion in the first eight months of 2026, down more than 60% year-over-year. Japan recorded net purchases of only $389 million, while South Korea posted net

According to Bloomberg, Kalshi CEO Tarek Mansour announced the platform will impose a $2,500 monthly deposit limit for users under 21 and introduce special accounts designed to restrict high-risk behavior, aligning with discussions to raise the participation age threshold to 21.
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According to GE Vernova on October 28, the energy equipment manufacturer announced the acquisition of high-voltage power grid equipment maker Trench Group from investment firm Triton Partners for $9 billion. The deal aims to expand manufacturing capacity amid surging demand from data centers,

According to Xinhua News Agency, a high-speed train collision occurred in Toledo, the capital of Spain's Castilla-La Mancha region, on October 28. The death toll from the accident has risen to 64 people.

According to Odaily on October 28, NVIDIA announced plans to expand Oracle's cloud infrastructure (OCI) supercluster to multigigawatt scale based on the NVIDIA Vera Rubin NVL72 system. Meanwhile, U.S. stock index futures showed modest gains in premarket trading: Dow Jones futures up 0.04%, S&P 500 f

According to researchers at George Washington University and Stanford University, an AI-driven simulation called Sim Fed completed seven voting rounds on the Federal Reserve's upcoming October decision, with five simulations favoring a rate pause and two supporting a rate hike. The system,

According to Odaily, Butterfly Life, a meme token on Binance Smart Chain, hit a market capitalization of $7.54 million today (October 28). Described as a Chinese community meme from the Flap butterfly launchpad, the project emphasizes "token-equity hybrid rights," using tokenized Apple stock

According to Odaily, the Intermediate People's Court of Qiannan Buyi and Miao Autonomous Prefecture in Guizhou announced a judgment on October 28 sentencing Xu Hao, former Communist Party secretary and chairman of Cloud Guizhou Big Data Group Co., Ltd., to 11 years and 6 months imprisonment for