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
02:31

GitLab Cuts Jobs, Trims Management to Fund AI Agents Push

According to a May 12 memo from CEO Bill Staples, GitLab announced it will cut jobs, trim management layers, and reduce the number of countries it operates in as it shifts spending toward AI agents. The software development tools company will reorganize its research and development teams to use AI a
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02:31

TSMC Joins Applied Materials' $5B EPIC Center on May 12

According to Chosun Daily, on May 12, Taiwan chipmaker TSMC joined Applied Materials' US$5 billion EPIC Center in Silicon Valley, set to open in 2026. TSMC joins Samsung Electronics, SK Hynix, and Micron at the facility, which will focus on developing and commercializing AI chip technology. Applied
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02:23

China's CNEX Liquidity Sentiment Index Hits 46 on May 12, Up 1 Point

According to CFETS-NEX data released by Jin Ten Futures, China's CNEX market-wide liquidity sentiment index rose to 46 as of 10:15 on May 12, up 1 point from 08:45. The sentiment index for large banks, small-to-medium banks, and non-bank institutions stood at 44, 47, and 46 respectively, each up 1 p
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