Gate Crypto Flash News and Market Updates

On November 3, China's Financial Regulatory Authority deputy director Xiao Yuanqi warned that excessive capital concentration in technology and leading enterprises is increasing leverage and crowding out financing for traditional industries, according to Ronglu.com.
At Hong Kong Monetary Authority'

According to Foresight News, Yaoyao, Head of Growth for Asia-Pacific at Solana Foundation, announced on social media that she has departed after 3.5 years with the foundation. She joined Solana Foundation in 2023, leading Greater China operations and establishing the Chinese-language community

According to XRPScan data, XRP Ledger's fixCleanup3_4_0 amendment had the backing of 33 of the network's 35 trusted validators on Monday, set to activate on Wednesday, November 4. The fix closes a flaw in permission delegation that could allow accounts delegated only to burn tokens to instead mint n

According to Bitget market data, South Korea's KOSPI index fell 3.59% to 5,648.79 points on Tuesday, November 3, declining 210.29 points. SK Hynix dropped 5.02%, while Samsung Electronics fell 4.14%.

According to Bloomberg, Morgan Stanley CEO Ted Pick predicted on November 3 that artificial intelligence capital expenditure could reach $15 trillion cumulatively over the next decade, with the largest technology companies potentially investing $800 billion to $1 trillion annually over 7-12 years.

According to data from Jin10 Futures, China's interbank money market sentiment index (CNEX) fell to 48 as of 2:30 p.m. on November 3, down 1 point from 10:15 a.m. The sentiment indices for large banks, mid-sized banks, and non-bank institutions declined to 45, 48, and 50 respectively, each

According to Yonhapinfomax, South Korean mattress maker Genus (subsidiary of Hyundai Department Store) posted a net loss of 46.8 billion Korean won in the third quarter, nearly five times larger than the 9.9 billion won loss a year earlier. The company reported an operating loss of 12.5 billion won

According to Citic Securities Chief Economist Ming Ming, speaking at the firm's 2027 capital markets strategy conference on November 3, China's GDP growth is expected to reach around 4.5% in 2027. The economist forecasts that monetary policy will become more active, with interest rate cuts

According to Bloomberg, China's National Development and Reform Commission official Wang Ruomeng said on Tuesday that the country is accelerating AI legislation and will implement full-lifecycle regulation covering development, deployment, and operations including data and computing power. The

According to Bloomberg, China's National Development and Reform Commission official Wang Ruomeng said on Tuesday that the country will implement full-lifecycle safety regulations for AI development and applications, covering data, computing power, and related infrastructure. The regulations aim to p

According to the International Energy Agency (IEA), European natural gas storage levels have fallen to their lowest point since 2013 as the 2026-2027 winter heating season begins, according to a report released November 3. The decline in storage capacity across EU facilities has increased Europe's r

According to ChainCatcher citing reports from November 3, AI company DeepSeek plans to train its next-generation model V5 on Huawei Ascend chips, expanding the use of the chips beyond inference tasks. The company released open-source infrastructure components for Huawei's Ascend computing platform i

According to JoAnne Bianco, senior investment strategist at BondBloxx, on November 3, weakening labor market data, signs of cooling consumer demand, or continued tightening of financial conditions could reduce the probability of a Federal Reserve rate hike in December. Bianco stated that if

According to CoinGlass, on November 3, Gate's XAU (gold) contract trading volume reached $641 million, ranking second among centralized exchanges globally, with open interest of $308 million ranked third. XAU spot price climbed to approximately $3,956.01, up 0.99%, while XAG (silver) rose to $50.42,

According to market data, Zhipu declined 9.1% over the past 24 hours, trading at $55.91.

According to Odaily, ZIYANG dropped 11.1% in the past 24 hours, currently trading at 79.78 USDT.

According to the People's Bank of China announced on November 3, the central bank will raise the foreign exchange deposit reserve requirement for financial institutions by 2 percentage points to 6% from the current 4%, effective November 15, 2026. The move aims to promote balance in the foreign exch

According to ChainCatcher, OpenAI has launched its custom Git backend Pando, which now manages the company's main code repository. The system reduces code push latency by approximately 80% compared to the previous infrastructure, achieves a 99% cache hit rate, and distributes nearly 1 petabyte of

According to the World Gold Council, global physical gold ETFs returned to net inflows of 211 tonnes in the third quarter of 2026, reversing outflows seen in Q2. Total holdings in gold ETFs climbed to 4,256 tonnes, reaching an all-time