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
12:43
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Baidu Cloud Reorganizes Intelligent Applications Unit, Shuffles Leadership

According to Yicai, Baidu Cloud's Intelligent Applications Division (ACG) recently underwent an organizational restructuring. Businesses from the division were redistributed to the Infrastructure Business Unit, Intelligent Agent Business Unit, and other departments based on their attributes. The
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12:39
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U.S. Treasury to Bridge SEC-CFTC Crypto Regulatory Gap, Bessent Says

According to Treasury Secretary Henry Bessent, the U.S. Department of Treasury will push to bridge the regulatory gap between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in cryptocurrency oversight, regardless of whether Congress takes action.
Be
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12:38
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Shiba Inu Burn Rate Jumps 428,862% in 24 Hours on October 28

According to COINOTAG, Shiba Inu's daily burn rate surged 428,862% on October 28, marking the steepest single-day increase recorded this month. Over the same 24-hour window, 1.4 million SHIB tokens were transferred to non-recoverable
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12:37
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South Korea Fines Apple $15.5M, Google $32M Over App Store Payment Practices

According to AppleInsider, on October 28, South Korea's broadcasting regulator fined Apple $15.5 million and Google $32 million over app store payment restrictions. The regulator found that while both companies nominally permitted third-party payments under South Korea's 2021 law, they imposed
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12:25
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Democratic Sweep of U.S. Midterms Could Raise Treasury Yields by Up to 1.5 Trillion in Healthcare Spending

According to Sumitomo Mitsui Banking Corporation (SMBC), ahead of the November 3 U.S. midterm elections, different election outcomes would have limited impact on U.S. Treasury yield markets. However, if Democrats gain full control of both chambers of Congress, they could push Treasury yields slightly higher through expanded healthcare spending. SMBC estimates that full implementation of Democratic healthcare policies could increase spending by up to 1.5 trillion dollars over 10 years. Restoring
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12:22
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USD.AI Launches CHIP Token Programmatic Buyback, Effective Now

According to Foresight News, USD.AI announced on October 28 that it is implementing a programmatic buyback program for CHIP tokens, effective immediately. The protocol will allocate all net interest margin from sUSDai—after deducting CHIP Foundation costs—toward CHIP repurchases. Origination fees and most sale proceeds will be reinvested by USD.AI Inc. to reduce lending friction, while 40% of sale proceeds will enter the Yield Reserve to maintain sUSDai's 7% CHIP Hurdle Rate. USD.AI stated its l
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12:22
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Ethena Pay Launches Earn+, Offering Up to 12% Yield on USD Deposits

According to Foresight News, Ethena Pay launched Earn+, allowing users to deposit dollars directly and earn up to 12% yield. The feature is now available to Pro and VIP users, with full rollout expected within days.
Deposits flow into Upshift vault curated by SteakhouseFi, which operates
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12:18
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Ethylene Glycol Futures Surge 5.62% to 5,258 Yuan/Ton, Leading Market Gains

Ethylene glycol futures posted strong gains today, rising 5.62% to close at 5,258 yuan per ton, outperforming all commodities in the broader market. The rally was driven by supply-side tightening, with an oil tanker incident near the Strait of Hormuz yesterday coupled with inventory levels hitting b
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