Gate Crypto Flash News and Market Updates

On October 28, the 81st UN General Assembly passed a resolution demanding the end of the U.S. economic, commercial, and financial embargo on Cuba, with 130 votes in favor, 17 opposed, and 25 abstaining. This marks the 34th consecutive year the General Assembly has voted on such a resolution, as the embargo has remained in place for over 60 years.

According to MSX.COM data, SK Hynix stock price rose 12% today, trading at $162.81 per share with a market value of approximately $1.19 trillion.

According to The Block, Robinhood (HOOD) missed third-quarter earnings expectations, yet StoneX and Bernstein remain bullish on the stock, maintaining target prices of $170 and $160 respectively. Bernstein noted the company's crypto business is shifting toward infrastructure services, forecasting pr

According to MSX.COM data, Genmab stock surged over 25% intraday on October 28, hitting a record high. The biotech company announced latest data from its Petosemtamab Phase III LiGeR-HN1 trial, showing the drug combination can reduce the risk of death in head and neck squamous cell carcinoma

According to BlockBeats, Bitwise raised its Bitcoin price target to $1.6 million by 2036 on October 28, implying a compound annual growth rate of 34.3%. The upgrade from a previous forecast of $1.3 million by 2035 reflects expectations of growing institutional demand and limited

According to Shanghai Securities Journal, IMF Deputy Managing Director Li Bo will step down on November 30, 2026, with China's Finance Ministry Vice Minister Liao Min set to take over on December 1. IMF Managing Director Kristalina Georgieva made the announcement on October 28. Liao, born in 1968, has served as Deputy Minister of Finance since May 2018 and is a member of the People's Bank of China's Monetary Policy Committee since 2023. Li has overseen approximately 90 IMF member countries since

According to the UK Office for Budget Responsibility (OBR) on October 28, Britain's 2027 gross domestic product growth forecast has been cut to 1.0% from 1.6%, while fiscal headroom—the budgetary surplus available without breaching fiscal rules—has shrunk to £15 billion from £23.6 billion in

The Federal Reserve announces its interest rate decision at 2 p.m. ET today, with markets pricing odds of a hold above 90%, according to CME FedWatch. The central bank is expected to maintain the target range at 3.75%-4.00% after September's rate hike, the first increase since 2023. Bitcoin trades a

According to Foresight News, Jupiter and BitGo have launched a custodial validator for institutional clients. BitGo's custodial account holders can now stake SOL directly through Jupiter using their existing custody

Polygon's Agglayer has been featured in the 2026 ZK Industry Report, which highlights the critical role of zero-knowledge technology in enhancing security across blockchain ecosystems. The report emphasizes Agglayer's capabilities in strengthening cross-chain transaction security, reinforcing Polygo

According to Foresight News, SBI Holdings signed a memorandum of understanding with CRB Group, the parent company of fintech infrastructure provider Cross River Bank, to establish a strategic business alliance and form a joint venture in Japan pending final agreements and regulatory approvals from b

According to official announcement, Robinhood Chain launched 8 stock tokens today, including JP Morgan, Visa, PayPal, BMNR, McDonald's, Disney, Uber, and VanEck Gold Miners ETF.

According to Coinglass, 39.8 million USDT transferred from an unknown wallet to Binance on October 28 at 23:13 UTC.

On October 27, Treasury Secretary Scott Bessent outlined a coordinated regulatory approach to advance cryptocurrency policy after the CLARITY Act failed to advance in the Senate on September 15. The procedural vote ended 49-50, leaving the legislation short of support needed to proceed.
Bessent,

According to Tom's Hardware, Amazon published updated engineering guidelines on October 27 discouraging employees from inflating AI token usage to appear more productive. The company warned that high token consumption does not correlate with better work quality and can drive up compute costs and

According to ChainCatcher, Nvidia announced that its DGX SPARK 64GB system is now available for purchase. The system is equipped with the GB10 Grace Blackwell superchip.

According to COINOTAG, an attacker drained $1.01 million in USDC from a Tranche Vault on the Avalanche network on the evening of October 27 (ET) using a flash loan. The attacker borrowed funds through a flash loan, minted an inflated batch of tranche shares, and converted those shares into the

According to ChainCatcher, Russian President Putin stated that Russia is coordinating with SpaceX CEO Musk and other U.S. partners on low-earth orbit satellite networks despite political tensions. Putin emphasized the importance of ensuring satellites do not interfere with each other in orbit. Russi

Baton Systems has introduced a portfolio optimization capability that enables collateral managers and treasury teams to assess cash and securities across multiple obligations simultaneously, rather than optimizing one requirement at a time. The tool allows users to configure priorities around

Mercuryo launched Swaps, a digital asset conversion service offering 1,400 swap routes across 38 digital tokens and multiple blockchain networks. The service combines 700 potential trading pairs with support for different blockchain transport layers, enabling users to exchange holdings without