Gate Crypto Flash News and Market Updates

According to Yonhapinfomax, on October 29, SK Innovation announced it will finalize the merger schedule with SKIET following the effective date of the securities report filing with the Financial Supervisory Service. The company emphasized it voluntarily conducted external fairness assessments

According to Jin10 Futures, ethylene glycol spot prices in the Zhangjiagang market rose to 5,860-5,870 yuan/ton on Oct 29 amid escalating Middle East tensions and lower-than-expected port arrivals. Rising crude oil prices supported ethylene glycol production costs, while port throughput falling

According to COINOTAG, the US Treasury completed a $6 billion buyback of long-dated bonds on October 29. The operation targeted securities with 20- to 30-year maturities.

According to the Financial Services Commission (FSC) announced on October 29, South Korea introduced a rapid resolution system for distressed financial institutions, significantly shortening the processing timeline from approximately 150 days to 3-4 days. The new system applies to banks, insurers, s

According to BlockBeats, the Federal Reserve held the federal funds rate at 3.75%–4.00% overnight on October 29, with a 10-2 vote. Federal Reserve Governor Kevin Cook and Cleveland Federal Reserve President Beth Hammack dissented, voting in favor of a 25 basis point rate increase. The statement

According to Bank of Korea, the country's new lending rates climbed to 4.57% in September, up 17 basis points from August on October 29. Corporate lending rates rose 19 basis points, while household lending increased 20 basis points. Mortgage rates specifically jumped 22 basis points. Deposit rates

According to South Korea's Ministry of Economy and Finance, the government will issue 200 billion won in individual investor government bonds starting November 11. The issuance includes 5 billion won in 3-year bonds, 20 billion won in 5-year bonds, 140 billion won in 10-year bonds, and 35 billion wo

According to Jin10, Shanghai gold opened at 869.68 yuan per gram on Thursday, October 29, trading 3.19 yuan above the international gold price of 866.49 yuan per gram.

According to ChainCatcher, citing Rootdata, Bitwise Solana Staking ETF (BSOL) recorded net outflows of $5.676 million on October 28 (U.S. Eastern Time). BSOL has accumulated net inflows of $1.156 billion since inception, while the broader Solana spot ETF market has accumulated net inflows of $1.507

According to ChainCatcher, citing RootData data, Ethena (ENA) will unlock approximately 93.75 million tokens worth around $18.37 million at 00:00 UTC+8 on November 5.

According to ChainCatcher, on October 28, Tether froze at least 33 TRON addresses by blacklisting them on the TRON network. The frozen addresses held approximately $27 million in USDT combined, with the largest single address containing roughly $7.8 million USDT. Tether has not publicly disclosed the reason for the mass freeze.

According to Greeks.live research institute Adam, Coinbase INTX launched options trading, with USDC options sharing liquidity with Deribit. The trading interface follows a style similar to U.S. stock trading software and integrates seamlessly with Coinbase's existing interface. The platform currently operates on an invite-only basis.

Morgan Stanley raised its earnings forecast for Corning and set a target price of $155 on October 29. The firm cited the company's new production capacity deliveries, which align with elevated market expectations, noting that further valuation upside will require improvements in profit

According to DefiLlama, Gate saw net inflows of $57.97 million in the last 24 hours, ranking second among global centralized exchanges.

According to Guru Club, Bank of America is recruiting 1,000 contractors to patch software vulnerabilities using AI tools from Anthropic and OpenAI, marking a broader shift toward AI-driven cybersecurity spending today (October 29).
Goldman Sachs has deployed models such as OpenAI's Astra to

According to ChainCatcher, Verda Ventures co-founders Alex Witt and Amit have joined Tether, the world's largest stablecoin issuer. Tether was previously a limited partner in Verda Ventures. With the two joining Tether, the three-year-old fund is entering a portfolio recovery phase and will halt

According to Citi, PetroChina (00857.HK) reported Q3 net profit of CNY 51.8 billion on October 29, up 22% year-over-year despite a 7% quarterly decline. First-nine-months profit already reached 83% of Citi's full-year forecast. The bank maintained its 'buy' rating and 12 HKD target price, noting that Brent crude has risen approximately 16% since Q3 and expects Q4 earnings to remain stable. Despite higher pipeline import gas costs, LNG procurement advantages should help the company defend its nat

According to CNBC on October 28, the 60-day rolling correlation coefficient among the Magnificent 7 tech stocks (Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla) fell to its lowest level in a decade, signaling the group no longer trades in tandem. The Roundhill Magnificent 7 ETF (MAGS) g

According to TradingBeats, on October 29, 19 accounts opened long positions worth $20.56 million in Google (GOOGL) perpetual futures on Hyperliquid following the company's earnings report, which triggered a 10.20% price decline to $292.82 per contract. Among the new long positions, 15 accounts

According to Jin10, the Australian dollar strengthened to around 0.7055 during Asian trading on Thursday (Oct 29) as Australia's September inflation data exceeded expectations, bolstering market expectations for an RBA rate increase. The country's CPI rose 4.3% year-on-year, above market expectations of 4.2% and August's 4.0%, driven by higher housing and transportation costs. Market probability of the RBA raising the cash rate to 4.85% at its next policy meeting jumped to nearly 82%, up from 62