Gate Crypto Flash News and Market Updates

According to Crypto.news, crypto data company Blockworks saw at least 7 employees resign recently, including research and product staff, as the company prioritizes AI product development. Former researcher Jake Koch-Gallup expressed regret over the

According to 24/7 Wall St. as reported by FTNN, TSMC fell 105 TWD to 2,135 TWD on November 6, declining 4.69% amid a broader 4.51% drop in the Taiwan stock market. Despite the sell-off, the media outlet maintained a buy rating with a target price of $516.16 USD, suggesting 27.09% upside from the

According to COINOTAG, OKB dropped 3.38% to $101.61 over the past 24 hours on November 8, with the decline outpacing broader market losses. Bitcoin fell 0.36% and total crypto market capitalization declined 0.54% in the same period, leaving the exchange token testing the $100 support

According to Taiwan Stock Exchange, Siliconware Precision Industries (3532) and Chroma ATE (2360) plunged 41.02% and 45.70% respectively on November 6, with both stocks hitting limit-down at 253.5 and 1,205 yuan, respectively. The two semiconductors triggered the exchange's circuit-breaker mechanism and were designated as suspended stocks from November 9 to 13, with trading forced to 2-minute batch auctions. The sharp selloff, triggered by margin call liquidations following broader market turmoi

According to Bloomberg, Autokiniton US Holdings Inc., an automotive parts supplier, has shelved efforts to modify and extend a roughly $1.05 billion leveraged loan agreement. The company had previously proposed extending the maturity to 2030, raising the loan discount to 97.5 cents per dollar of

According to Morgan Stanley's derivatives team on November 8, on November 5, net leverage of U.S. long-short hedge funds declined 5% in a single day, marking the fifth-largest one-day drop since 2010. Leveraged ETFs required sales reached the highest level since 2007, generating $57 billion in U.S.

According to COINOTAG, a single address on Hyperliquid held a short position of 1,338.868 BTC with a notional value of $101.01 million as of November 8. The position was open at the time of observation.

According to Web3Auth's official statement on November 8, the platform is moving affected assets from the Keplr wallet security incident to secure recovery wallets in collaboration with Keplr. The team has published verified recovery addresses and will continue updating the address list. Web3Auth ur

According to Galaxy Research's midterm elections assessment, Elizabeth Warren will chair the Senate Banking Committee and Maxine Waters will lead the House Financial Services Committee following the Democratic victories. Galaxy Research director Alex Thorn predicts U.S. Congress will likely stall on

According to Odaily, Trust Wallet CEO Felix confirmed on X that Trust Wallet was not affected by the Web3Auth security issue. The confirmation comes after Web3Auth disclosed a security incident affecting certain third-party users of its service and temporarily suspended its embedded wallet

According to COINOTAG, Tesla added an extra production shift on the Cybertruck line at Giga Texas on November 7 to clear a substantial backlog of undelivered orders ahead of the line's planned closure. CEO Elon Musk stated in an X post that pending Cybertruck orders far exceed the facility's

According to Bernstein analyst Mark Moerdler, OpenAI's cumulative infrastructure spending across disclosed power partnerships could reach $614 billion by 2030, significantly below the widely cited $750 billion market estimate. The forecast assumes all identified contracts proceed as planned,

According to Bloomberg, S&P 500 companies mentioned inflation-related terms 820 times during their October earnings calls, marking the highest monthly count since February 2024, reflecting growing concerns over rising costs and weakening consumer confidence. Bloomberg Economics analysts noted that r

According to Crypto.news, Kalshi reported on November 8 that its 2026 U.S. midterm election markets have surpassed $2.5 billion in trading volume, nearly double the $1.3 billion recorded during the 2024 presidential election cycle. As of November 4 morning, the platform's market-favored candidates w

According to CNBC on Friday, ARK Invest CEO Cathie Wood said market concerns about this week's technology stock selloff actually reinforce her optimism about the durability of the current bull market. Wood told CNBC that investor worries tend to signal a more durable bull market,

According to the U.S. Department of Energy, the White House canceled a scheduled meeting of the President's Council of Advisors on Science and Technology on Friday, Nov. 6, which was originally planned to include Nvidia CEO Jensen Huang, Meta CEO Mark Zuckerberg, AMD CEO Su Zifeng, Oracle CTO

According to Nasdaq, the exchange will launch a 23/5 trading system on December 6, operating 23 hours daily for five days per week with only one hour reserved for system maintenance. The new schedule extends trading from 9 p.m. EST Sunday through 8 p.m. EST Friday, with an overnight session from 9 p

According to Bank of America strategist Michael Hartnett, despite the S&P 500 falling 3% and technology stocks sliding 6% this week, he is not yet moving off his defensive positioning. Hartnett outlined three prerequisites before resuming equity exposure: central banks must halt tightening, the U.S.

According to Politico, the United States and Germany will hold talks on pharmaceutical pricing in mid-November.

According to BlockBeats, on November 8, Scalar Capital co-founder and former Coinbase product lead Linda Xie shared her personal angel investment review over the past decade. She invested in 50 companies, with 60% in