Gate Crypto Flash News and Market Updates

Federal Reserve Chair Jerome Powell delivered key policy messages on October 28. Powell reaffirmed the Fed's unwavering commitment to delivering price stability with no "soft inflation target," explicitly anchoring the goal at 2% as measured by the Personal Consumption Expenditures (PCE) price

According to BlockBeats, Fed official Powell said on Oct 29 that he is closely monitoring South Korea's economy, stating his level of attention to Korea may exceed expectations.

According to ChainCatcher, Federal Reserve Chair Jerome Powell stated that the balance sheet working group's recommendations will be submitted to the Federal Open Market Committee (FOMC) in early 2027. The timeline marks a key step in the Fed's review of balance sheet

According to Turkey's Presidential Office, President Erdogan told Trump today that Turkey is closely monitoring the Strait of Hormuz and Yemen situation, and is working to resolve related issues through diplomatic

According to Delphi Digital, Hyperliquid is expanding its platform beyond crypto derivatives to include prediction markets covering oil, gold, stocks, and other asset classes. The move aims to boost trader engagement and retention across diverse markets. The platform, which averaged $71 million in m

According to Reuters, the U.S. Department of Justice is scrutinizing Nvidia's $12.93 billion acquisition of AI open-source platform Hugging Face on October 29, focusing on the deal's impact on AI industry competition and whether Nvidia could control key AI distribution channels and disadvantage

According to ChainCatcher, Federal Reserve Chair Powell recently stated that investors should not trust forward guidance unless a crisis occurs.

According to Starknet, the layer-2 scaling solution has launched an open challenge inviting mathematicians and developers to present solutions that reduce the number of checks required for STARK proofs while maintaining security. Participants will be credited for their contributions, with the

According to MSX.COM, Oracle (ORCL.N) stock gains expanded to over 7% today as management issued optimistic guidance. The company reaffirmed its FY2027 revenue outlook of at least $90 billion.

According to Federal Reserve Chair Jerome Powell, the U.S. unemployment rate has declined compared to a year ago, with job growth accelerating faster than last year. Powell noted that the four-week moving average of initial jobless claims remains near its lowest level in decades. He stated that empl

According to ChainCatcher, Fed Chair Powell announced at a press conference that starting autumn 2025, the FOMC will hold 8 meetings in 2027, with 1 dedicated to monetary policy strategy discussions without a federal funds rate vote or policy statement. The remaining 7 will be regular policy

The Canadian Imperial Bank of Commerce (CIBC) announced on October 28 that it is raising Canada's prime lending rate to 4.70%, effective from October 29, 2026.

According to CNBC, Oracle shares jumped 10% on October 27, 2026, after the company issued a fiscal 2030 revenue forecast of $225 billion, implying 35% average annual growth. The company also committed to limit additional funding through 2030 to $20 billion, to be divided equally between equity and d

According to BlockBeats, Robinhood's Torch comprehensive trading platform was added to Robinhood's asset display page on October 29. The token surged nearly 20% in recent trading, with market cap reaching $10.02 million, according to GMGN

According to BlockBeats, on October 29, Fed Chair Walsh stated that inflation levels are too high and expressed no surprise at financial market volatility. He noted that actual economic activity is moving in the right direction, while credit conditions have tightened and market participants are

According to Jin10, the U.S. Dollar Index (DXY) fell over 30 points to 102.18 on October 29, with short-term losses expanding. Non-dollar currencies rallied broadly, as EUR/USD and GBP/USD each gained approximately 40 points, while USD/JPY dropped nearly 40 points.

According to FinanceFeeds reporting, Mirae Asset Securities issued six-month, US dollar-denominated tokenized funding notes on Solana on October 28, extending its structured-products business onto a public blockchain. The notes were issued under Mirae Asset Securities' US$3 billion Guaranteed

According to Whale Alert, 113.3 million USDT (approximately $113.2 million) was transferred to Bitfinex from an unknown wallet in recent activity. The transaction was confirmed via Whale Alert's official X post, marking ongoing stablecoin movement on the major cryptocurrency

Federal Reserve Chair Jerome Powell announced that the Federal Open Market Committee's meeting schedule will change next fall, with 2028 planned to feature 6 policy-setting meetings. Powell stated that holding 8 meetings per year is an appropriate frequency for the FOMC.

Shanghai Futures Exchange crude oil 2612 contract rose 2.09% overnight (October 28), closing at 737.50 yuan per barrel. Meanwhile, Shanghai gold fell 0.23% and Shanghai silver declined 1.53% in night trading.