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
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Tether Holds 150,000 Bitcoin, Reveals 730 Million Global Users

According to ZeroHedge, Tether CEO Paolo Ardoino revealed at the Lugano Plan ₿ Forum that the stablecoin issuer holds approximately 150,000 Bitcoin. The company has surpassed 730 million global users, with quarterly wallet additions reaching approximately 30 million.
According to Tether's Q3
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USDT+0.00%
BTC-1.36%
01:01
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Fabrinet Reports Q1 FY2027 Revenue of $1.475 Billion, Up 51% Year-over-Year

According to Fabrinet, the optical communications manufacturer reported Q1 fiscal 2027 revenue of $1.475 billion, up 51% year-over-year and 12% sequentially, on November 2. The result exceeded prior guidance and marks the highest annual growth in a decade, driven by data center interconnect, optical
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LO:TECH Raises $12M in Series A for US, Asia Expansion

London-based capital markets firm LO:TECH has raised $12 million in a Series A led by MMC, with participation from existing investors Faction, 13 Books Capital, and Atka. The company plans to expand into the US and Asia-Pacific, including New York and Singapore, while launching execution services
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SBI Holdings Invests $100 Million in U.S. Digital Bank Erebor Today

According to BlockBeats, SBI Holdings announced today that it will invest $100 million in U.S. digital bank Erebor Bank through its American subsidiary SBI Holdings USA. Erebor supports stablecoin deposits and withdrawals, with SBI planning to explore broader collaboration opportunities with the ban
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Hawks Set to Face Pacers Today with 80% Win Probability on Predict.fun

According to Predict.fun monitoring, the Atlanta Hawks hold an 80% win probability against the Indiana Pacers in today's NBA regular season matchup scheduled for 8:30 a.m. The Pacers are 2-5 with a four-game losing streak, while the Hawks enter at 3-4 after dropping four of their last five games. Th
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00:57
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Stablecoin Market Cap Falls to $263.4B, Down $6.9B Over Past Month

According to CryptoQuant analyst CW8900, stablecoin market capitalization declined to $263.4 billion on November 3, down from $270.3 billion on October 1. Over the past month, $6.9 billion in stablecoins flowed out of the market, marking a sustained outflow
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00:52
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Jon Leaves Hyperlane After 4 Years to Head Marketing at Open Standard

According to ChainCatcher, Jon (@nosleepjon) is leaving Hyperlane after four years to join Open Standard as head of marketing. Open Standard issues the U.S. dollar-backed stablecoin Open USD (OUSD), with founding partners including Coinbase, Mastercard, Shopify, Stripe, and
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00:51
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CFETS-NEX Yuan Sentiment Index Rises to 50 on November 3

According to Jin10, the CFETS-NEX market-wide yuan funding sentiment index rose 2 points to 50 as of 8:45 AM on November 3. Among institutional segments, large banks reported 47 (up 2 points), mid-size banks 50 (up 2 points), and non-bank institutions 52 (up 2 points). An index of 50 indicates
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Japan's Stock Market Closes Today for Culture Day; Derivatives Markets Open

According to Japan Exchange Group (JPX), Japan's stock market closes today (November 3) for the Culture Day national holiday. The Osaka Exchange and other derivatives markets will continue trading. Japan's bond market is also closed, while the foreign exchange market may see reduced liquidity due to
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