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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10:49
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Binance to Cover $6.3B Security Breach Losses Using SAFU Fund

According to Binance co-CEO Richard Teng, on October 30, the exchange announced it would cover approximately $6.3 billion in losses from a security incident, with around $3 billion already frozen on-chain. Preliminary findings suggested a compromised DevOps engineer's laptop allowed an attacker to a
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10:45
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Whale Increases INTC Short Position by 82.7%, Nets $4.58M in Sales on October 30

According to TradingBeats, a whale account increased its INTC short position from approximately 79,900 contracts to 146,000 contracts on October 30, an 82.7% increase. The account sold a net total of 6.61 million shares worth approximately $4.58 million, with an additional $2.37 million sold during pre-market trading at an average price of $68.07 per share. The account now holds approximately 146,000 INTC short contracts valued at around $10.06 million, with an average entry price of $79.52 and
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10:44
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Canton Strategic Tokenizes CNTN Stock on Canton Network Nov 2

According to COINOTAG, Canton Strategic Holdings (CNTN), a Nasdaq-listed company, announced on Oct. 29 that it will tokenize its common stock on the Canton Network, a blockchain platform for financial transactions, with trading expected to begin
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10:42
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Bitget rToken and Stock+ Trading Hours Shift to Winter Time on November 1

According to Foresight News, Bitget's rToken and Stock+ trading will switch to winter time on November 1, with trading hours delayed by one hour overall due to the U.S. market's daylight saving time change. Pre-market trading: 17:00–22:30; regular trading: 22:30–05:00 (next day); after-hours trading: 05:00–09:00; night trading: 09:00–17:00. rToken weekend trading functionality remains unaffected.
10:31
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Microsoft Completes $25 Billion Multi-Tranche Debt Offering, with Notes Maturing Through 2066

According to PANews, Microsoft completed pricing of $25 billion in multi-tranche U.S. dollar notes on October 30, comprising 10 tranches with maturities ranging from 2028 to 2066. Fixed-rate notes account for $23 billion, while floating-rate notes total $2 billion, with coupon rates spanning 4.85% to 6.35%. The notes will settle on November 4 and carry ratings of Aaa from Moody's and AAA from S&P. This marks Microsoft's first U.S. dollar debt issuance since 2017.
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