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
09:01
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Oracle Surges 10.73% on Oct 28 After Pledging Peak AI Capex; Google Plunges Over 10%

On October 28, Oracle stock surged 10.73% after management provided a timeline for capital expenditure to peak in fiscal 2027-2028 and free cash flow to turn positive starting in fiscal 2028. CFO Hilary Maxson projected free cash flow to exceed $30 billion in fiscal 2029, with net debt-to-core earnings ratio falling below 3.5x, reducing future reliance on external financing. In contrast, Alphabet's stock fell over 10% on October 29 after Q3 results disappointed; the company reported negative fre
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08:55
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SK Group Chairman Meets OpenAI CEO Sam Altman on October 31

According to Jin10, SK Group Chairman Choi Tae-won lunched with OpenAI CEO Sam Altman on October 31, discussing artificial intelligence business cooperation. While specific details remain undisclosed, the two reportedly explored potential partnerships in high-bandwidth memory (HBM) supply and next-generation AI infrastructure development.
08:45
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Bitget Upgrades CFD Forex Leverage to 2,000x for 21 Currency Pairs Starting November 1

According to Bitget's official announcement, starting November 1, the platform will implement dynamic leverage management for 21 forex currency pairs including EURUSD and USDJPY, with maximum leverage upgraded to 2,000x. The update introduces a tiered margin calculation mechanism, applying differentiated margin rates to positions across different exposure intervals.
08:33
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Stellar Set as Default Network in MetaMask Mobile and Browser Extension

According to Stellar's official announcement reported by PANews on October 31, Stellar is now the default network in MetaMask mobile app and browser extension. Existing MetaMask accounts will automatically generate a Stellar address derived from their existing recovery phrase, with no additional
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08:15
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Trump Disclosed 'Stupid People' Wanted Him to Sanction Russia on October 30

According to RBC.UA, on October 30, President Trump disclosed during a White House meeting with U.S. citizen Stephen Hubbard that "stupid people" had wanted him to impose sanctions on Russia. Hubbard, who was previously detained by Russian authorities on mercenary-related charges, was released and m
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08:13
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Anthropic May Be Downgraded to Junk Status Post-IPO, Blackstone Warns

According to Financial Times, Blackstone warned investors on Friday (October 30) that Anthropic may not receive investment-grade credit rating upon IPO, instead likely receiving BB+ or above junk status. The caution came as Blackstone, a major investor in Anthropic's latest $63 billion chip
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08:02
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Chinese Prosecutors Charge Five Men With Fraud in 1.2 Million Yuan USDT Scheme on March 23

According to COINOTAG, on March 23, five men were charged with fraud involving 1.2 million yuan in a USDT bait-and-switch scheme in Xuzhou, Jiangsu province. The men, led by a buyer surnamed Wang, met with a seller surnamed Xiao to settle an over-the-counter trade, with the offer being 1.2 million yuan in cash in exchange for USDT. However, the cash was never transferred.
07:57
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OpenAI Cuts Fundraising Target to $20B from $30B Amid Investor Caution

According to sources familiar with the matter, OpenAI reduced its fundraising goal to $20 billion on October 30, down from $30 billion set last month. The company had previously valued itself at $1.4 trillion, up from $852 billion, citing surging revenue since July. However, growing investor concerns over excess capital deployment in AI infrastructure prompted the adjustment. Early commitments in the first round fell short of the revised target, with OpenAI planning to pursue additional funding
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07:45
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OpenAI CEO Meets 50 Samsung Executives on October 31 to Discuss AI Chip Collaboration

According to Bloomberg, OpenAI CEO Sam Altman met with approximately 50 Samsung executives in South Korea on October 31 to discuss deepening collaboration on storage chips and AI infrastructure. Participants represented Samsung's electronics, finance, and biotechnology divisions. Topics included AI's impact on industry and business opportunities over the next decade, amid escalating global chip supply tensions and surging data center demand.