Gate Crypto Flash News and Market Updates

According to Storm Media, Taiwan's benchmark index plunged 1,873.08 points and fell below the 40,000 level on Friday (November 6), prompting the National Stabilization Fund to launch its 10th market stabilization measure. The index closed at 39,701.64 points. Analyst Hsu Po-chieh highlighted Taiwan'

According to analyst Kuo Chen-liang, citing Gartner research, Nvidia's AI business model is financially unviable. The consultancy estimates AI data center operators will need $8.5 trillion in cumulative revenue by 2030 to cover capex and financing costs, but can only generate $3.6

According to Onchain Lens, Smartestmoney currently holds 1.38 million HYPE tokens worth $106 million with unrealized gains of $52.76 million. The long position was opened 11 months ago with a liquidation price of $71.08; HYPE is currently trading at $76.96.

According to Bitcoin News, Square will complete its phased rollout of Bitcoin payments by November 10, extending support to over 4 million eligible U.S. merchants who will automatically gain the capability without requiring separate enrollment. Customers can pay through the Lightning Network with

According to FinanceFeeds reporting, Alphabet announced on November 4 that it will invest $15 billion in Malaysia during 2027 and 2028 to expand data center infrastructure in Selangor and Negeri Sembilan. The company's first Malaysian facility at Elmina Business Park in Selangor is already

According to analysts and data providers including StateStreet and GlenMidth, the U.S. Labor Department will release October consumer price index (CPI) data on November 10, with markets expecting headline CPI to rise 0.3% month-over-month and core CPI to increase 0.3%. Producer price index (PPI) wil

According to Capital Market Research Institute researcher Kim Jae-chil, on November 8, South Korea's thematic exchange-traded funds have surged to account for 33% of the passive stock ETF market as of June 2026, up from 5.1% in 2019. Net assets in this segment climbed from 1.8 trillion Korean won to

According to Onchain Lens, Fidelity transferred a total of 27,000 ETH to Galaxy Digital today (November 7), valued at approximately $60.27 million. The latest transfer of 10,000 ETH, worth about $22.32 million, was completed earlier today. Arkham data confirms the transfers originated from Fidelity

According to COINOTAG, Binance will close accounts for customers in France, Spain, Italy and Poland on December 31, 2026. The exchange urged affected users to withdraw their crypto and fiat balances, with new monthly fees set to begin on November 29. The company confirmed the closure plan through cu

According to Onchain Lens, Machi Big Brother recently sold two more Bored Ape Yacht Club (BAYC) NFTs. Including BAYC #32 sold earlier, the cumulative loss on three sales totals approximately $246,000.

According to ChainCatcher, Gnosis Pay disclosed on November 6 that its payment card system suffered unauthorized access on November 3, exposing customer names, addresses, card details, and cryptocurrency wallet addresses. The company contained the incident within two hours of discovery, replaced

According to The Defiant, Binance has appointed Justin Yek as chief financial officer, with Kaiser Ng stepping down from the role. Binance co-CEO He Yi stated that the transition plan has been in preparation for six

According to blockchain analysis firm Elliptic, approximately 2,300 BTC (~$175 million) from the Binance hack have been transferred to new addresses as of Nov 7, 16:00 Beijing time, primarily converted from other stolen assets. About 44 million XRP (~$51 million) were moved the previous night,

According to the U.S. Treasury's Financial Crimes Enforcement Network, on Friday, the department severed MEXC Global, one of the world's 20 largest crypto exchanges, from the U.S. financial system. Treasury accused MEXC of facilitating at least $16 billion in illicit transactions tied to sanctions evasion and cybercrime between May 2021 and May 2026. The order bars U.S. financial institutions from processing transfers to or from MEXC and takes effect 30 days after publication in the Federal Regi

According to Iran's Revolutionary Guards Navy, two tankers caught fire after hitting mines in the Strait of Hormuz on November 8. The Islamic Republic stated that both vessels were operating through unauthorized shipping routes in the eastern waters of the strait and within the waterway. The tankers

According to 24/7 Wall Street, the financial analysis firm on Saturday published a long-horizon valuation projecting 10,000 XRP could be worth between $20,000 and $36,500 by 2030.
The analysis frames XRP's widely watched $5