Gate Crypto Flash News and Market Updates

According to Yahoo Finance, Fed Chair Kevin Powell's October press conference drew widespread criticism from economists for failing to provide clear guidance on the central bank's policy direction.
JP Morgan chief U.S. economist Michael Feroli said the press conference lacked a straightforward

According to Jin10 Futures, polypropylene (PP) prices in East China reached 11,550 yuan/ton in October, marking a new high for the month. U.S.-Iran tensions in the Strait of Hormuz elevated shipping risks, pushing risk premiums on crude oil and propane higher and driving sustained gains in PP

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

According to 第一财经, Meta has partnered with Chinese robotics company Fourier to develop a humanoid robot prototype in approximately three months. The robot, internally called Max, weighs about 48 kilograms and is designed for internal research and experimentation. The two companies are already

According to Jin10, on November 2, China's A-share market surged during midday trading, with the Shanghai Composite Index (沪指) rising 1.16%, the Shenzhen Component Index (深证成指) gaining 2.39%, and the ChiNext Index (创业板指) jumping 3.28%. Combined trading volume exceeded 11 trillion yuan, with

According to Jin10, offshore Chinese yuan Hong Kong interbank offered rates (CNH HIBOR) adjusted on November 2, with the two-week tenor hitting 1.42758%, touching its lowest level in over a month. The overnight rate fell 4 basis points to 1.33485%, while the one-week tenor declined to 1.41091%,

According to Binance spot data reported by ChainCatcher, multiple tokens plunged overnight, with POWR leading losses at 23.43% in 24 hours. CVC fell 12.25%, SOLV dropped 12.42%, BIO declined 11.38%, and GNS lost 8.54%; CYBER touched today's low at

According to Odaily and on-chain data, on November 2 (UTC 00:00), Hyperliquid's Assistance Fund received a test transfer confirming arrival of USDC reserves. Hyperliquid is expected to receive over $15 million in USDC reserve yield for November, which at current HYPE prices is estimated to fund

According to SoSoValue, XRP spot ETFs recorded net inflows of $4.325 million during the week of October 26-30 (U.S. Eastern Time). Franklin Templeton's XRPZ led with weekly inflows of $5.5679 million and

According to SoSoValue, HYPE spot ETFs recorded net outflows of $595,000 for the week ending October 30. 21Shares ETF THYP led outflows with $913,400, while Bitwise ETF BHYP saw the highest inflows at $595,900. The combined HYPE spot ETF market holds $450 million in total assets, with cumulative net

According to Lookonchain monitoring data, a whale purchased 3,052 ZEC in spot transactions valued at $3.8 million, while simultaneously opening a 2x leveraged long position of 8,000 ZEC worth $10.16 million.

According to Odaily citing Gate data, South Korea's KOSPI index intraday gains expanded to 2% as of November 2. The index had declined nearly 2% in early trading before reversing course.

According to PANews citing SoSoValue, Ethereum spot ETFs recorded net outflows of $432 million last week (October 26-30), marking the fifth consecutive week of declines. BlackRock's ETHA led outflows with $391 million in weekly redemptions, while Fidelity's FETH posted the largest inflows

According to HTX data, TRUMP rose 8.38% in the past 24 hours on November 2, trading at $1.72.

According to SoSoValue data, SOL spot ETFs experienced net outflows of $71.48 million from Oct 26-30, marking a record high. Bitwise ETF BSOL led the decline with weekly net outflows of $45.82 million, while Grayscale GSOL saw outflows of $25.71 million. Morgan Stanley's MSOL was the only major ETF

According to SoSoValue data, Bitcoin spot ETFs recorded net outflows of $203 million for the trading week ending October 30. Fidelity's FBTC led outflows with $166 million in weekly redemptions, though the

According to Herald Corp, South Korea's Financial Commission held a meeting with domestic crypto exchanges on November 2, requiring platforms to store more than 80% of user cryptocurrencies in cold wallets to enhance security against hacker attacks.
Current cold wallet storage ratios among major ex

According to COINOTAG's aggregate fund-flow data, Bitcoin recorded the largest net capital inflow in the crypto market over the past 24 hours, with $88.05 million on Monday (November 2) at 03:00 UTC. Ethereum followed at $17.89 million net inflow.

According to COINOTAG, South Korea's Income Tax Act amendment filed on October 27 deferred digital asset taxation to January 1, 2029 from the originally planned January 1, 2027. Choi Eun-seok of the People Power Party introduced the bill in the National Assembly as lead

According to Argentine authorities, an intelligence official from Argentina's National Intelligence Secretariat aided Flavio Bolsonaro's escape to Ecuador on November 1. Bolsonaro was the Liberty Party candidate who lost in Brazil's presidential