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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SOFR Rises to 3.90% on November 12, Up 1 Basis Point

According to the Federal Reserve Bank of New York, the Secured Overnight Financing Rate (SOFR) rose to 3.90% on November 12, up 1 basis point from the previous day. The effective federal funds rate remained unchanged at 3.88%.
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Nvidia CEO Huang Resigns; Trump Suggests Apple's Cook as Successor, Analysts Say Unlikely

According to Trump's Truth Social post on Thursday (November 12), Nvidia CEO Jensen Huang resigned after violating company conduct policies, with CFO Colette Kress assuming interim leadership. Hours later, Trump publicly suggested Apple's former CEO Tim Cook as Huang's successor, calling him "the only one" qualified to replace "a legendary person." Cook led Apple for 15 years before stepping down September 1 and currently serves as executive chairman. However, analysts estimate the probability o
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