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
15:34
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U.S. CPI Remains Above Fed's 2% Target for 67 Consecutive Months; Dollar Depreciates 22.5%

According to BlockBeats, on October 14, U.S. CPI inflation has remained above the Federal Reserve's 2% target for 67 consecutive months. The last time inflation fell below 2% was in January 2021, during the global economic lockdown period. Over this period, the dollar's value has depreciated 22.5%, meaning goods and services that cost $100 in 2021 now cost $129.
15:32
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Pyth Network's 100% Rule Now Active, Driving 86% ARR Increase

According to the official Pyth Network account, the 100% Rule has come into effect, driving an 86% annual recurring revenue (ARR) increase for the DAO. Under this rule, every dollar received by the Pyth Network DAO directly purchases PYTH tokens, strengthening token demand and market presence.
PYTH2.64%
15:29
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High-Sulfur Fuel Oil Export Loadings Drop to 50,000 Tons as Houthi-Saudi Conflict Escalates

According to Zijin Tianfeng Futures (as reported by Jin10 on October 14), Houthi attacks on Saudi oil infrastructure have caused high-sulfur fuel oil export loadings from Saudi Arabia to plummet to 50,000 tons in October. Increased conflict escalation is raising shipping avoidance sentiment, with Bab el-Mandeb strait high-sulfur volumes expected to hit record lows. Although Singapore and China high-sulfur arrivals are up month-on-month, deliveries are concentrated in late October, leaving near-t
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15:23
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U.S. Dollar Index Surges to 102.813, Hits 18-Month High as Core CPI Exceeds Forecast on October 14

According to Yonhapinfomax, the U.S. Dollar Index (DXY) surged to 102.813 on October 14 at 9:08 AM ET, up 0.599 points (0.586%) from the previous close and reaching its highest level in 18 months. The move followed hotter-than-expected inflation data: the U.S. core consumer price index (CPI) rose 0.3% in September versus expectations of 0.2%, signaling persistent inflation pressures. The stronger-than-anticipated CPI report triggered a 15-basis-point surge in 2-year Treasury yields and a sharp r
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15:23
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Lufthansa Wins Bid for 49.9% Stake in TAP Air Portugal for €1.2 Billion

The Portuguese government on Wednesday selected Lufthansa to acquire up to 49.9% of TAP Air Portugal for €1.2 billion (approximately $1.3 billion), beating rival Air France-KLM. The deal positions the German carrier as a strategic partner to one of Europe's remaining major state-owned airlines without prior alliance affiliations.
15:23
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Morgan Stanley Beats Q3 Expectations With $20.34B Revenue, Equities Trading Up 41%

Morgan Stanley reported third-quarter earnings on October 14 that beat market expectations, with revenue of $20.34 billion versus a forecast of $19.95 billion and earnings per share of $3.03 against an anticipated $2.91. Net income rose 6.5% year-over-year to $4.91 billion. The equities trading division drove the outperformance, with revenue surging 41% to $5.8 billion, exceeding Street estimates by $909 million.
15:22
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Nvidia, Broadcom, Micron Projected to Drive 40% of S&P 500 Q3 Earnings Growth

According to Goldman Sachs data reported by Axios, Nvidia, Broadcom, and Micron are projected to account for nearly 40% of the S&P 500's third-quarter earnings growth. The three chipmakers' exposure to AI infrastructure spending reflects their roles as key suppliers: Nvidia provides AI accelerators, Micron supplies high-bandwidth memory, and Broadcom offers custom AI processors and networking technology for data centers. S&P 500 profits are expected to grow approximately 29.6% year over year in
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15:22
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Ripple Partners With DriveWealth to Enhance XRP Ledger Infrastructure

According to Ripple's official announcement, Ripple has partnered with DriveWealth to enhance the XRP Ledger for cross-border payments, custody services, and RLUSD settlement. The collaboration aims to modernize the infrastructure for global investing and improve efficiency in how money moves across international markets.
XRP-2.39%
15:22
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Iran's Revolutionary Guard Claims Full-Time Monitoring of Strait of Hormuz on October 13

According to Iran's state broadcaster, Iran's Islamic Revolutionary Guard Corps Navy Commander Ali Azmai stated on October 13 evening that U.S. claims regarding the Strait of Hormuz being in an open state are "completely inconsistent" with reality. The commander said the revolutionary guard conducts continuous monitoring of the strategic waterway.
15:20
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EBA Designates USDC as EU's First Significant E-Money Token

According to The Defiant, the European Banking Authority (EBA) has designated the U.S. dollar stablecoin USDC as the European Union's first "significant" e-money token. Regulatory responsibilities for USDC will transfer to the EBA on November 12, while France's prudential regulator maintains governance oversight.
15:17
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Confido Health Completes $22.5M Series A Funding to Build Healthcare AI Agents

According to ChainCatcher, Confido Health recently completed its Series A funding round at $22.5 million, including a $12.5 million extension round led by z47vc. The funds will be used to develop AI agents connecting patients, healthcare providers, insurers, and pharmacies to automate appointment scheduling, insurance claims, referrals, and prescription processing.
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15:17
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Crypto Markets See $304M in Liquidations Over 24 Hours, Longs Hit Hardest

According to CoinGlass, crypto markets saw $304 million in liquidations over the past 24 hours, with $250 million from long positions and $54.35 million from shorts. A total of 82,421 traders were liquidated. The largest single liquidation occurred on Binance's ETHUSDT pair, with a $7.27 million long position closed at $2,433.32 per ETH.
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15:14
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Burry Shifts Short Strategy to Nasdaq-100, Semiconductor ETF; Predicts Major Market Top Within 9 Months

According to Business Insider, Michael Burry, known for predicting the 2008 financial crisis, has adjusted his bearish bets and shifted focus from individual stocks to index-level positions. In a recent Substack post, Burry disclosed he has moved most of his option positions to bearish put options on Nasdaq-100 and VanEck Semiconductor ETF (SMH), which carries concentrated exposure to overvalued chip stocks including Nvidia (19.6%), TSMC (9.3%), and AMD (5.6%). Burry predicts the market will hit
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15:13
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Zenzap Raises $44M for AI-Powered Workplace Messaging App

According to TechCrunch, Zenzap has raised $44 million in funding from investors including Bessemer Venture Partners, Lightspeed Venture Partners, and The Garage, as well as individual investors Wix President Nir Zohar and former GM of EY Yoram Tietz. The AI-powered private messenger aims to help companies communicate securely with staff while maintaining IT and security compliance. Founded by Guy Weiss in 2022, Zenzap offers chat, task management, calendar integration, and AI-powered voice and
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