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.
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04:31
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Citi Forecasts South Korea's Current Account Surplus to Hit 22.8% of GDP by 2028, Won to Appreciate to 1,270 vs USD

According to Citi economist Jin-Wook Kim on November 2, South Korea's current account surplus is set to expand structurally, driven by continued chip export growth and robust merchandise trade, supporting further won appreciation. Citi projects the current account surplus will average 22.8% of GDP from 2026 to 2028, a significant increase from 4.2% during 2016-2025. Citi forecasts the USD-KRW exchange rate will decline to 1,300 within three months and further to 1,270 over the next 6-12 months.
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04:30
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Korean Won Weakens to 1,341.10 Against Dollar on November 2, Up 6.80 Won

According to Yonhapinfomax, the Korean won weakened to 1,341.10 against the US dollar on November 2, up 6.80 won from the previous trading day's close of 1,334.30 won, as of 11:15 a.m. in Seoul's foreign exchange market. The KOSPI equity index rose 1.5% or more, with the currency and stock market
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04:19
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Hong Kong SFC Survey: 30% of Institutions Have Adopted Agentic AI

According to Guru Club, the Securities and Futures Commission (SFC) of Hong Kong released its first AI readiness survey on November 2, finding that 30% of surveyed institutions have already adopted agentic AI. The survey results will inform the SFC's development of AI regulatory guidelines.
04:19
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Tencent Cloud Partners with Saudi AI Infrastructure Firm OmniOps on November 2

Tencent Cloud announced on November 2 a strategic partnership with OmniOps, a Saudi Arabia-based AI infrastructure company, to support enterprise AI development and deployment. Under the agreement, Tencent Cloud will provide cloud infrastructure and technical expertise, while OmniOps will contribute model inference technology and local deployment capabilities for customers running AI models.
04:09
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Emerging Market Currencies Fall 0.2% to One-Month Low on November 2

According to Jin10, emerging market currencies declined 0.2%, hitting a one-month low on November 2, amid ongoing Middle East tensions and ahead of U.S. economic data releases later this week.
South Korea's won weakened as foreign capital outflows from equities offset export gains. The
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04:07
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Bernstein: Wave of AI Compute Cloud Companies Face Bankruptcy in 1-3 Years

According to Bernstein research published on November 2, the firm warned that a wave of Neocloud (AI compute cloud) companies will face bankruptcy within 1-3 years due to a structural mismatch in their rental contracts. Data center legal expert Jeffrey Moerdler highlighted the core issue: Neocloud f
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