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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South Korea Supports $415B AI Data Center Investment Led by SK, GS, Naver; 8.4GW to Launch by 2029

According to South Korea's Ministry of Science and ICT, the government announced support in June for a 550 trillion won (approximately $415 billion) AI data center investment initiative led by SK, GS, and Naver. The first phase targets construction of 8.4 gigawatts (GW) of AI data center capacity by 2029, with SK contributing 5GW, GS 2.4GW, and Naver 1GW. A second phase plan aims to expand total capacity to 18.4GW by 2035. Multiple projects are underway: SK and Amazon Web Services are building a
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00:13
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Taiwan Stock Exchange Adds Gigakit Precision (2254) to Attention List; Stock Up 6.28% in 5 Days

According to the Taiwan Stock Exchange, Gigakit Precision (2254) was added to the exchange's attention list on November 6 due to a negative price-to-earnings ratio and a price-to-book ratio of 7.90. The stock closed at 110 New Taiwan dollars on the day. Over the past five days, the stock gained 6.28%, with an average daily trading volume of 3,356 shares and a margin financing ratio of 9.98%. Institutional investors sold a net 269 shares over the five-day period, with foreign investors accounting
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Cotton Prices Extend Downtrend Amid New Supply Surplus on November 9

According to Jin10 Futures, on November 9, domestic cotton prices extended their downtrend as new cotton processing increased and downstream orders weakened. Seedcotton purchase prices moved lower, pressured by ample new supply. International cotton prices edged higher, supported by strong U.S. cott
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ECB President Lagarde Hints at Rate Hike in December

According to ECB President Christina Lagarde's interview with Japan's Yomiuri Shimbun on November 9, the European Central Bank may raise rates again at its management board meeting in December. Lagarde emphasized that inflation is expected to remain elevated in coming quarters, signaling concern ove
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