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
19:33
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MegaETH Lays Off 20% of Staff This Week, Commits $30M to New AI Products

According to ChainCatcher, Ethereum Layer 2 project MegaETH has cut 20% of its workforce this week as part of a restructuring effort. The foundation, which recently rebranded to MEGA, committed $30 million toward new products including AI inference. Co-founder Shuyao Kong confirmed the layoffs on
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MEGA-2.17%
ETH-3.34%
19:11
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Gemini Trading Volume Crashes 73% While Revenue Falls 19% in Q3 2026

According to its November 12 earnings release, Gemini reported a 73% year-over-year collapse in third-quarter spot trading volume and a 19% revenue decline. Trading volume plunged to $4.5 billion from $16.4 billion a year earlier, while quarterly revenue fell to $40.9 million from $50.6 million.
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19:05
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Aave V3 Gets Proposal for Dynamic Borrowing Caps via LlamaRisk

According to ChainCatcher, risk management firm LlamaRisk recently proposed introducing dynamic borrowing caps for Aave V3. The mechanism would calculate cap increases using Chainlink's CRE (Coming Request Exchange) framework to limit borrowing growth
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19:01
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Taiwan Stock ETF Top 10 Rankings Reshuffled; Kai Jing TOP 50 Enters Top 10 with 1M Beneficial Owners

According to the Taiwan Clearing and Settlement System, Taiwan stock ETF top 10 rankings underwent significant changes on November 13. Kai Jing Taiwan TOP 50 (009816), launched in February 2026, broke through one million beneficial owners for the first time and currently ranks fifth. Yuen Da Taiwan 50 (0050) maintains the top position. Additionally, Polaris Taishin ROC Growth (00981A) returned above one million beneficial owners at sixth place, while Sino-Chinese Taiwan Yield (00406A) entered th
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18:51
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Nvidia Stock Drops 14% This Week, Market Cap Erases $620B

Nvidia stock has declined 14% this week through Friday, marking its worst weekly performance in over 18 months, with a single-day drop of 4.7% on Friday. The company's market capitalization shed over $620 billion this week, a loss exceeding the individual market values of 97% of the S&P 500 constituents.
18:51
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US PPI Hits 6.5% in October, Highest Since 2022, as Nasdaq Sinks 1.4%

According to the Bureau of Labor Statistics, US producer inflation reached 6.5% annually in October on November 13, marking its highest level since November 2022. The Producer Price Index increased 0.3% month over month, below the forecasted 0.4%, while core PPI (excluding food and energy)
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BTC-3.72%
18:45
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Mythos Software Company Sues Anthropic Over AI Model Trademark on Friday

Mythos software company, which operates a nonprofit software platform, filed a lawsuit against Anthropic on Friday in U.S. federal court in Virginia, alleging the artificial intelligence company's use of the "Mythos" name for its AI model infringes its trademark rights. Mythos claims Anthropic's Mythos AI model causes market confusion and causes it "significant and irreparable damage." The company is seeking an injunction prohibiting Anthropic from using the "Mythos" name and unspecified damages
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