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
11:38
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Bitcoin Breaks Above 50-Week Moving Average for First Time; $82,500 Becomes Key Watch Level

According to Wintermute, on September 29, Bitcoin broke above its 50-week moving average for the first time on the weekly chart. The $82,500 level, marking the upper boundary of the previous consolidation range, is now the key resistance level to monitor this week. If this level holds, it could confirm the validity of the breakout; a breakdown would reignite questions about breakout sustainability. Risk assets continued gaining last week despite U.S. 10-year Treasury yields breaking above 5% for
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BTC1.24%
11:37
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AAVE Hits $172.37, Up 16.17% in 24 Hours

According to BlockBeats and HTX data, AAVE surged to $172.37 on September 29, up 16.17% in the past 24 hours, breaking through the $170 level. Meanwhile, Aave founder announced consideration of introducing a token burn mechanism in Aavenomics 3.0.
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AAVE13.55%
11:36
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Jiangsu Yunshan Capital Increases Shenzhen Expressway Holdings by 7.474 Million Shares on Sept 28

According to Hong Kong Stock Exchange data, on September 28, Jiangsu Yunshan Capital Management Co., Ltd. increased its stake in Shenzhen Expressway Holdings (00548) by 7.474 million shares at HK$6.5547 per share, for a total of approximately HK$48.9898 million. Following the transaction, its total shareholding reached approximately 105 million shares, representing 14% of the company.
11:36
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BlackRock Increases WuXi AppTec Holding by 1.167M Shares to 5.16% on Sept 24

According to Hong Kong stock exchange data, BlackRock increased its stake in WuXi AppTec (02359) by 1.167 million shares on September 24 at HK$179.83 per share, with a total transaction value of approximately HK$210 million. Following the increase, BlackRock's total holding reached approximately 28.998 million shares, representing a 5.16% ownership stake.
11:35
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EliseAI Completes $350M Funding Round at $4B Valuation, Led by a16z and Bessemer

According to ChainCatcher, AI real estate technology company EliseAI completed a $350 million funding round at a $4 billion valuation, with Andreessen Horowitz (a16z) and Bessemer Venture Partners leading the investment. Existing investors Sapphire Ventures and Navitas Capital also participated. This marks the fourth investment from a16z and Bessemer since 2023, approximately 13 months after EliseAI's previous $250 million Series E round. The new funds will support product development and expand
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11:32
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AI Infrastructure Spending to Hit $1.5 Trillion by 2031 as Industry Faces $4.2 Trillion Revenue Gap, Bain Reports

According to Bain & Co.'s annual global technology report released Tuesday (Sept. 29), the global AI industry must generate $6 trillion in annual revenue by 2031 to justify current massive data center investments, leaving a $4.2 trillion revenue gap. Current consumer and enterprise AI services can contribute at most $1.8 trillion, requiring new revenue from emerging applications including robotics, drug development, and energy production. Bain estimates AI infrastructure annual spending—covering
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11:32
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Ourea Biotech HK Reduces 6 Million Kingfold Pharma-B Shares at HK$27.3 on September 24

According to Hong Kong Stock Exchange data, on September 24, Ourea Biotech HK Limited reduced 6 million shares of Kingfold Pharma-B (02595) at HK$27.3 per share, with a total transaction value of HK$163.8 million. Following the reduction, Ourea Biotech's shareholding decreased to approximately 16.31 million shares, representing 4.64% stake. HL GP II Company Limited and HL Partners II L.P. were also involved as related parties to the transaction.
11:31
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DFZQ Increases Stake in Kaleido Biopharmaceuticals by 252,000 Shares at HK$490.76 on Sep 22

According to Hong Kong Stock Exchange data, on September 22, Eastern Securities Co., Ltd (DFZQ) increased its stake in Kaleido Biopharmaceuticals (06990) by 252,000 shares at approximately HK$490.76 per share, for a total consideration of about HK$12.37 million. Following the transaction, DFZQ holds approximately 8.8446 million shares, representing a 5.00% stake.
11:31
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Dongfeng Motor Increases VOYAH Automotive Holdings by 1M Shares at HKD 1.98 on September 28

According to Hong Kong Stock Exchange data, on September 28, Dongfeng Motor Corporation increased its holdings in VOYAH Automotive (07489) by 1 million shares at approximately HKD 1.98 per share, totaling HKD 1.98 million. Following the purchase, Dongfeng's total shareholding rose to approximately 204 million shares, representing a 23.09% stake in the company.