Gate Crypto Flash News and Market Updates

According to ChainCatcher, Aiden Pleterski's fraud case was submitted to jury deliberation this week after closing arguments, with the jury set to begin review on Thursday (Oct 30). Pleterski is accused of defrauding investors of approximately $30 million through social media between 2021

According to an SEC Form 8-K filing on Oct. 26, Datavault AI shares fell 49.55% to $0.067 on Oct. 27 after the Nasdaq-listed company disclosed it has been unable to withdraw Bitcoin from crypto exchange Biconomy since requesting a withdrawal in June.
The company will restate four financial

According to U.S. Treasury Secretary Bessent reported by Jin10 on October 29, AI-related debt yields have risen to double digits, but financing risks do not yet constitute a major problem as cloud service providers represent only a limited share of the AI sector, and fundraising transactions

According to Reuters, the U.S. Department of Justice inquired into Nvidia's $12.93 billion acquisition of Hugging Face on Wednesday (Oct 28) to assess its impact on AI market competition, citing two sources familiar with the matter. The DOJ investigation focuses on whether Nvidia could leverage the

Fireblocks representative Michael Levine emphasized the stability of stablecoins in a recent NYSE Floor Talks interview, urging finance leaders to reconsider common misconceptions about stablecoin risks. The discussion highlighted the potential for increased stablecoin adoption in traditional financ

According to Coin Bureau host Guy Turner, Bitcoin stood at $81,414 on Oct 28, up 0.9% in 24 hours. Turner identified $85,000 as a key technical resistance level that could serve as a breakout gate for Bitcoin, noting the market remains compressed between support and resistance

According to trading data, WTI crude oil for December delivery rose $2.88, or 2.88%, to $102.78 per barrel on October 28 (U.S. Eastern time), breaking above $100 for the first time in three trading days. Brent crude for December delivery gained $1.44, or 1.26%, to $115.32 per barrel.
U.S.

Ripple retweeted key moments from the first day of its Swell conference at The Shed on October 28, featuring CEO Brad Garlinghouse in conversation with CNBC's Tana. The retweet underscores Ripple's commitment to community engagement and collaboration within its

According to ChainCatcher citing SEC filings, Meta Platforms has entered into forward sale agreements with Morgan Stanley and Goldman Sachs.

According to Whale Alert, USDC Treasury minted 250 million USDC on Solana at 04:28 UTC today (October 28), according to Solscan data.

The ICE US Dollar Index fell 0.19% to 102.124 on Wednesday (Oct 28), with intraday trading range of 102.491-102.046. The benchmark index rose following the Federal Reserve's decision to hold rates steady, then declined sharply during Fed Chair Powell's press conference opening remarks.
The

According to PANews, USDC Treasury minted 250 million USDC on Solana at 04:28 UTC on October 29, per monitoring data from Whale Alert and blockchain explorer Solscan.

Neuralink announced early speech recovery data on October 29, revealing its brain-computer interface enabled an ALS (amyotrophic lateral sclerosis) participant to achieve conversational-speed speech-to-text and speech output in the first week. The participant reached 75 words per minute with a 5.8%

According to CNBC, on October 28, Microsoft reported capital expenditures of $45.2 billion for the quarter, falling short of the $50.7 billion analyst estimate according to StreetAccount. In response, neocloud stocks CoreWeave and Nebius slid nearly 5%, while IREN fell about 3%, signaling market

According to SK Hynix's earnings release, the South Korean memory chip maker reported record third-quarter revenue of 104.6 trillion won (approximately $78 billion), up 328% year-over-year, with operating profit of 83.3 trillion won ($65.5 billion), up 632%, for an 80% operating margin. The

According to Bloomberg Electric Vehicle Price Return Index, the index rose 1.25% to 2,950.55 points on October 28, with Asia-Pacific markets showing steady gains during early trading sessions.

On Wednesday (Oct. 28) at the New York close, S&P 500 index futures rose 0.04%, Dow futures climbed 0.42%, and Nasdaq-100 futures fell 0.19%. Russell 2000 futures gained 0.73%.

According to an announcement on X, the XRP Ledger Foundation added Flare to its recommended validator list today, replacing Anodos, which requested to step down. The foundation welcomed Flare to the 35-validator list, citing its alignment with the ledger's core

According to a recent tweet, GOP Majority Whip emphasized that the GENIUS Act requires the CLARITY Act framework for effective stablecoin regulation. He compared the absence of the CLARITY Act alongside the GENIUS Act to having a cell phone without towers, highlighting the need for robust market

According to Bloomberg, Marvell Technology is in talks to acquire Lumentum Holdings Inc., a data center optical module maker, with an announcement expected as early as next week.