Gate Crypto Flash News and Market Updates

According to RatingDog, China's manufacturing PMI fell to 52 in October from 52.1 in the previous month.

According to the British Maritime Trade Organization, a tanker traversing the Arabian Gulf southeastward was struck by two unidentified projectiles on its port side on November 2.

China's A-share robotics sector declined sharply this morning (Nov 2), with Unitree Robotics and Paislin falling over 10%. Meanwhile, the PCB concept sector surged, led by Jinlu Electronics hitting the daily limit up, while Taijin New Energy and Mingyang Circuit gained over 10%.

According to South Korea's exchanges, the Korea Exchange, Korea Securities Depository, Korea Securities Finance, and Korea Financial Investment Association jointly announced on November 2 a roadmap to shorten the settlement cycle to T+1, targeting implementation in 2028. The plan covers eight

According to LG CNS's Q3 2026 earnings call, the South Korean IT services firm is advancing AI agent adoption across South Korea's financial sector. KB National Bank is applying generative AI agents to credit and corporate relationship management operations, as well as document processing using AI-p

According to Yonhap Infomax, South Korean President Lee Jae-myung announced on November 2 that the 2027 budget totals 821 trillion won, a 12.8% increase from this year and the largest budget in the nation's history. The managed fiscal balance deficit ratio is expected to improve from 3.9% to -0.1%,

According to SK Square's disclosure on November 2, SK Square announced it will return at least 4.3 trillion won of its 6.2 trillion won in SK Hynix dividend income to shareholders through 2028. The company will distribute 60% of ordinary dividend income plus 100% of special dividend income from SK H

According to Yonhapinfomax, on November 2, Posco Future M reported third-quarter operating profit of 82.14 billion Korean won, up 23.2% year-over-year, significantly exceeding market expectations. The company's revenue declined 4.6% to 834.77 billion Korean won. Analysts surveyed by Yonhapinfomax had forecast operating profit would plunge 74.7% to 16.8 billion Korean won, while revenue would drop 12.1% to 768.9 billion Korean won.

According to Financial Times and Wall Street Journal, OpenAI has cut its pre-IPO funding target from $30 billion to approximately $20 billion, with valuation declining from $1.4 trillion to $1.25 trillion as of October 30. Actual locked-in commitments reached only $11 billion, prompting the company to pursue retail offerings from high-net-worth individuals. Meanwhile, the five major tech giants—Alphabet, Meta, Microsoft, Amazon, and Oracle—reported combined negative free cash flow of approximate

According to Senator Cynthia Lummis, attackers stole $6.3 billion worth of crypto assets from Binance this week and transferred them across multiple blockchains within minutes. Lummis highlighted the CLARITY Act, which establishes a pilot program enabling crypto enterprises to share intelligence

According to Solana Mobile, today a malicious third-party application named SKR Claim was submitted to the Solana Mobile dApp Store and was designed to prompt users to input seed phrases. The app's unauthorized access to the dApp publishing portal led to tampering of the Spotlight and Quests

According to @ai_9684xtpa data, POAP founder Patricio Worthalter sold 2,000 ETH for 4.53 million USDC at an average price of $2,269 10 hours ago. The USDC was subsequently transferred to an address starting with 0x95A, which has been previously tagged as an ICO-era whale address.

According to CoinDesk Research, stablecoin market cap increased 0.10% to $305.5 billion in October. Tether maintained its leading position with $183 billion, while USDC declined 2.80% to $72.3 billion.
Onchain tokenized real-world assets (RWA) grew 2.92% to $34.5 billion during the month,

According to Bloomberg survey findings, when Republicans control Congress, 72% of respondents turn bullish on Bitcoin, with 29% specifically predicting the asset will break $100,000 by year-end. Meanwhile, 65% of respondents expect U.S. equities to accelerate or maintain current pace over the

According to ChainCatcher, foreign investors sold a net $31.78 billion worth of Taiwan stock in October, marking the highest monthly outflow on record. The selloff was driven by a global rout in artificial intelligence-related shares, according to the

According to Yonhapinfomax on November 2, South Korean exporters in the Busan, Ulsan, and Gyeongnam regions are hesitating to convert U.S. dollars as the won strengthened significantly against the dollar. The dollar-won exchange rate fell from 1,559.20 won per USD on July 1 to 1,320.60 won per USD b

According to Jin Union (a Chinese crude oil pricing agency), as of November 2 (the second working day of the current pricing cycle), the reference crude oil price averaged $109.66 per barrel with a change rate of 3.11%, affecting domestic gasoline and diesel prices with an anticipated increase of 16

At 9:30 AM Beijing time on November 2, New York gold futures rose 0.43%, silver futures climbed 1.57%, and copper futures gained 0.53%.

According to Guru Club on November 2, Swiss investment manager UBS Asset Management believes new cloud providers face rising refinancing risks in the near term, potentially slowing the next wave of AI infrastructure investment. While a default crisis is not imminent, CoreWeave, a leading new cloud provider, saw its bond yield rise from approximately 13% to 15%, though its EBITDA currently covers interest expenses, indicating limited near-term default risk. Strong terminal demand may redirect com

According to Guru Club, Taiwan Dollar fell 0.5% against the U.S. Dollar today, trading at 32.642.