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
04:03
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BTC Falls Below $74,695, Major CEX Long Liquidations Hit $896 Million

According to Coinglass data cited by ChainCatcher, if Bitcoin falls below $74,695, cumulative long liquidation strength on major centralized exchanges would reach $896 million. Conversely, if BTC breaks above $81,911, cumulative short liquidation strength would hit $622 million.
04:00
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MSX Launches TOST Spot Trading on November 2

According to MSX announcement, the exchange will launch spot trading for TOST (Toast) on November 2, 2026 (UTC+8). Toast will release its Q3 2026 earnings report on November 3 after U.S. market close, with Q2 revenue reaching $1.908 billion, up 23%
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04:00
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Wallet with $600K+ Losses Purchases $140K Bet on Republicans to Control Senate Before Nov. 3 Midterms

According to PPP market monitoring, a wallet (0xfd22b8843ae03a33a8a4c5e39ef1e5ff33ebad91) with cumulative losses exceeding $600,000 purchased $140,000 worth of shares betting on Republicans to control the U.S. Senate following the 2026 midterm elections on Polymarket. The wallet bought 493,551.7 shares at an average entry price of 29.7 cents. The 2026 U.S. midterm elections are scheduled for November 3.
03:55
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WTI Crude Falls 3.11% to $100.88, Brent Drops 3.07% on November 2

According to Guru Club, WTI crude oil futures fell 3.11% to $100.88 per barrel and Brent crude futures declined 3.07% to $109.95 per barrel on November 2. The drop came as U.S. President Donald Trump reportedly seeks additional time for diplomatic efforts with Iran before potentially resuming sanctions after Tuesday's midterm elections.
03:52
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Chinese AI Comic Series Dominate Overseas Charts With 9 of Top 10 Paid Apps

According to Guru Club citing LatePost, on November 2, Chinese creators occupy 9 of the top 10 paid short-form video applications globally, with active users surpassing 150 million. The AI-generated comic series leverage AI image generation, voice synthesis, and multilingual translation tools to produce vertical-format animated content featuring plot twists and fast-paced narratives tailored to overseas audiences' consumption habits. Production efficiency has improved significantly. Per-minute p
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03:46
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Kanye West-Linked Address Withdraws 2,074 ETH Worth $4.7M From Binance Today

According to on-chain analyst Ai 姨 (Ai9684xtpa), Kanye West's associated address withdrew 2,074 ETH from Binance today (Nov 2), worth approximately $4.7 million. This follows the address's sale of 1,390 ETH on Oct 30 at an average price of $2,275.6, resulting in a loss of approximately $317,000. The address currently holds 21,109 ETH under collateralization.
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ETH+1.90%
03:46
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Chinese AI Models Generate 99.55 Trillion Tokens in Week, Exceeding U.S. for 27 Consecutive Weeks

According to OpenRouter data released on November 2, Chinese AI models generated 99.55 trillion tokens in the week ending November 1, up 6.43% week-over-week, while U.S. models generated 20.68 trillion tokens, down 7.97%. Chinese AI models have topped global rankings for 27 consecutive weeks. Among the top five global AI models by call volume, four are Chinese, with DeepSeek V4.1 Flash 1017 maintaining the number one position. MiniMax M3.1 Flash climbed to eighth place with a week-over-week incr
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03:37
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Founders with Prior VC Experience Are 2.83x More Likely to Secure Lead Funding, Study Finds

According to ChainCatcher, citing analysis from Menlo Ventures partner Deedy Das, founders with prior experience at top-tier VC firms are 2.83 times more likely to secure lead funding from major venture capitalists in seed or Series A rounds, based on a study of 8,525 U.S. startups founded between 2019 and 2026. Other factors correlating with higher odds include prior work at frontier AI labs (2.16x), cybersecurity industry background (2.03x), elite university degree (1.41x), and former Google e
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