Gate Crypto Flash News and Market Updates

According to BlockBeats on November 11, U.S. Treasury Secretary Bessent was relocated to a U.S. military base following unprecedented Iranian threats against his life. The Treasury Department confirmed the move, stating that Bessent remains committed to leading efforts to financially isolate Iran th

According to South Korea's National Assembly Finance Committee, on November 11, the committee opposed a proposed bill to increase the basic deduction for virtual asset income from 2.5 million Korean won to 50 million won, arguing it violates the "broad tax base, low tax rate" principle.
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According to China Central Television (CCTV News), on November 10, the Golden Water River-Ma Lu Tang border highway port between China and Vietnam was officially upgraded to an international year-round open transportation port for both passengers and cargo. The opening ceremony was held at the China

According to ChainCatcher, Huawei's Kirin 9050 series chip features a new-generation Davinci architecture NPU that achieves a 140% performance improvement and 66% power consumption reduction. The NPU supports running 30-billion-parameter large models directly on-device without requiring internet con

According to ChainCatcher citing Liquid247.xyz, Ethereum spot price currently stands at $2,070.33, with Binance perpetual futures showing the thickest order book pressure: sell orders at $59.04 million versus buy orders at $57.22 million, a $1.82 million differential. Coinbase spot buy orders

South Korea's National Assembly Finance and Economy Committee raised concerns today (November 11) about a proposed loss carryforward deduction system for digital asset investments, warning it could amplify speculative behavior. According to

According to Dassault Systèmes, on November 11 the French 3D design and engineering software maker signed a memorandum of understanding with Singapore's Economic Development Board to establish an ASEAN Industrial AI Virtual Twin Lab in Singapore. The lab will serve as a regional hub enabling businesses to simulate data center cooling, energy use, and industrial operations changes before deployment. Dassault Systèmes plans to employ more than 30 AI professionals at the lab within its first five y

According to Cointelegraph, Sui's Suiball hardware wallet has halted operations and will refund all pre-orders in USDC. The Sui Foundation decided not to support the project following a series of hardware wallet attacks, citing excessive project

According to Odaily, Hong Kong-listed optical communication stocks rose today, with Cambridge Technology (06166.HK) surging over 16%, Haiguang Chip correcting (01191.HK) up over 10%, ZTE Xuchuang (03308.HK) climbing over 10%, and Yangtze Optical Fibre and Cable (06869.HK) gaining over 6%.

According to Guru Club citing Guangda Futures, spot gold fell sharply overnight (November 10), dropping 3% to as low as $4,015 after the U.S. Consumer Price Index data came in hotter than expected. The U.S. core CPI rose 0.3% month-over-month in October, exceeding the market forecast of 0.2%,

According to PANews, on November 11, Bitcoin Runes trading and liquidity platform radFi announced plans for a phased shutdown, citing inability to commit necessary resources for long-term development. Effective immediately, all liquidity pool activities face rate limits: single transactions capped a

According to reports on November 11, Russia has abandoned efforts to replace the U.S. dollar with the Chinese yuan amid American secondary sanctions pressure, according to central bank data. The yuan's share in Russian export payments fell from its 2024 mid-year peak to 22% this year, while 69% of t

According to Knowledgeable Car Network rankings, Tesla's October retail sales in China totaled just 8,817 units, with Model Y retail at 7,807 units down from rank 1 in September to 66, while Model 3 sold 1,010 units. This marks the first time in 51 months that monthly retail fell below 10,000 units.

According to TASS (Russian state news agency), Russia's Federal Security Service (FSB) warned seven Polish citizens and banned them from entering the country due to their contact with intelligence services.