Gate Research: U.S. and South Korean Stocks Weaken, FBI Confirms TraderTraitor Behind Attack

• Stock Markets: U.S. stocks fell across all three major indices, with Intel's sharp decline weighing on semiconductor and AI hardware stocks. Hong Kong consumer, oil and gas, and insurance sectors advanced. South Korean stocks retreated sharply, led lower by heavyweight semiconductor and automotive stocks, while foreign investors recorded net sales of approximately KRW 1.79 trillion.

• Market Overview: The crypto market staged a modest rebound, with BTC and ETH rising 0.71% and 0.87%, respectively, over the past 24 hours. The Fear and Greed Index stood at 36 (Fear). U.S. spot BTC and ETH ETFs recorded net outflows of approximately $643.2 million and $155.7 million, respectively, in the latest trading session, indicating continued caution in capital flows.

• Trending Tokens: IDOL (+32.59%), MILADYCULT (+24.45%) , and CENT (+18.49%) led the gains, with capital concentrated in Web3 entertainment, political Meme tokens, and AI agent payment infrastructure. Leverage in IDOL derivatives also increased, raising short-term volatility risks.

• Alpha Insights: The FBI confirmed that the North Korea-linked group TraderTraitor was responsible for the cyberattack. Although tBTC remains fully collateralized, cross-chain security maintenance has kept minting and redemptions suspended.

Discover more details today → Gate Research: U.S. and South Korean Stocks Weaken, FBI Confirms TraderTraitor Behind Attack

Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis.

Disclaimer

Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.

Gate Team
November 2, 2026

Gateway to Crypto
Trade over 5,400 cryptocurrencies safely, quickly, and easily on Gate
Take Action Now
Sign up and claim up to $10,000 in welcome rewards
Invite friends and earn a 40% commission
Stay Connected
Visit Gate's official website
Download the Gate App | Desktop
Follow us on X (Twitter) to get more bonuses
Join our Telegram community to discuss trending topics
Engage with our global community for the latest insights
Transparency & Security
Check our 100% Proof of Reserves