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.
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SoftBank Stock Falls 11% After Reporting $7.1B Loss; Data Center Writedown of $3.7B

According to Odaily, SoftBank Group's stock fell 11% to 3,465 yen on Wednesday after the company reported its first net loss in two years. In the second quarter ended this fiscal year, the Japanese tech conglomerate posted a net loss of 1.12 trillion yen (approximately $7.1 billion), driven by a $3.7 billion writedown on its U.S. data center projects and declining valuations of artificial intelligence-related assets. The loss stemmed from non-recoverable prepayments originally intended for power
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00:49
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Alliance DAO Co-Founder Forecasts ZEC to Hit $5,000–$20,000 by Cycle End

According to BlockBeats, on November 11, Alliance DAO co-founder QwQiao forecasted that ZEC price will reach $5,000 to $20,000 by the end of the current market cycle. He advocated building long-term investment logic for quality assets and pursuing 10–100x returns through holding, rather than
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00:47
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Trader Closes 3,000 ETH Long Position for $939.5K Profit on Nov 11

According to Onchain Lens monitoring, a trader closed a 3,000 ETH long position on Nov 11, realizing a profit of approximately $939.5K. The trader still holds $7.26M in BTC and ETH long positions with unrealized gains of $1.08M, while recording historical losses of $9.92M.
00:47
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China Soybean Imports Fall to 7.35M Tons in October, Down 38% Month-on-Month

According to China Customs data released on November 11, soybean imports fell to 7.35 million tons in October 2026, marking the lowest level for the month since 2023 and down 38% from September, though representing a 22.5% decline compared to October 2025's record 9.48 million tons. January-October
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00:44
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Ripple CTO Schwartz Denies Secret XRP Plan as Token Slides Over 50% in a Year

According to David Schwartz, Ripple's CTO Emeritus, on November 9, the company has no hidden plan for XRP as frustrated holders questioned the token's decline. Schwartz said XRP's price is largely driven by the broader crypto market rather than Ripple-specific developments, and that the company openly discusses its plans. XRP has lost more than 50% of its value over the past year. Ripple's euro stablecoin supply has grown from approximately €50 million to €450 million since early 2024, with a co
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