Gate Crypto Flash News and Market Updates

On November 3, China's interbank foreign exchange market midpoint rates adjusted across major currency pairs. USD/CNY rose to 6.7150, depreciating 4 basis points, while EUR/CNY reached 7.4760, up 110 points. JPY/CNY moved to 4.2357, down 67 points. CHF/CNY increased to 8.1685, up 515 points, among other adjustments across 12 currency pairs. Other major pairs included GBP/CNY at 8.9593 (up 31 points) and AUD/CNY at 4.6752 (down 251 points). SGD/CNY settled at 5.2245 (down 89 points) while RUB/CNY

According to financial sources, South Korea's Financial Services Commission and Ministry of Economy and Finance discussed funding diversification strategies for banks today (November 3), as low-cost deposits shift toward equity markets. The move addresses concerns that banks replacing core deposits with certificates of deposit and bank bonds would increase funding costs and pressure bond market supply. South Korea's five major banks saw net interest margins decline as much as 8 basis points in t

According to ChainCatcher, Jowella Lim, marketing lead at liquid staking protocol mETH, has rejoined Ethereum Layer 2 network Mantle today as Product Marketing Lead. According to her personal website, she previously led marketing at Mantle from April 2024 before joining mETH Protocol as its first ma

According to Walter Isaacson's podcast The Builders, Y Combinator CEO Garry Tan disclosed that he spends approximately $100,000 to $200,000 per year on tokens for AI agents. Tan uses agents for research, coding tasks, and personal productivity, and has shared 23 Claude Code skills on GitHub to

According to SEC staff, on November 2 the U.S. Securities and Exchange Commission updated its crypto-assets FAQ to clarify that governance tokens, such as UNI, are generally not considered securities, answering a longstanding question about whether distributing voting rights to thousands of investors triggers securities classification.

According to Aave, the protocol launched new USDC incentives for borrowing against tokenized stocks on Coinbase's Tokenized Stocks Hub. The initiative aims to lower borrowing costs and enhance liquidity for users in eligible jurisdictions outside the U.S., as part of its Version 4 platform offerings.

According to Tech in Asia, Akash Network announced on November 3 that it will migrate its blockchain infrastructure to Solana within 24 months following community approval. Approximately 97% of voting token holders supported the plan. Akash Marketplace, AkashML, and Akash Homenode will launch natively on Solana, replacing Akash's Cosmos-based chain. The migration will encompass the native token and underlying blockchain infrastructure. Existing AKT holders can exchange their tokens for SPL AKT a

According to Business Insider, on November 2, JPMorgan raised its year-end S&P 500 target to 8,000, citing improving market breadth. The investment bank noted that over 50% of S&P 500 constituents recently hit 20-day highs, the highest proportion since the second quarter of 2025. JPMorgan strategists observed that historically, such market breadth improvements have preceded three to six months of further gains in equity markets.

According to South Korea's Ministry of Economy and Finance, Fitch will conduct its annual consultation on the country's sovereign credit rating from November 3-5. Fitch leadership including Thomas Rookmaaker and Sagarika Chandra will meet with government agencies and institutions including the

According to Yonhapinfomax, Micron Technology's (NASDAQ: MU) average daily trading volume fell 52.91% in October to 27.05 million shares, compared with 57.44 million in June. Motley Fool identified the sharp decline as a sign the stock may have peaked, reflecting waning investor interest. The

According to Yonhap Infomax, KB Financial Group has delayed submitting a required SEC disclosure for over a month regarding a Kookmin Bank data breach on November 3. The number of affected customers has expanded to 2,210—18 times the initially reported 119 people. Leaked information items

According to Onchain Lens, today (November 3) Wintermute holds a $101.33 million short position on Hyperliquid with an unrealized profit of $3.35 million.

According to ZeroHedge, Tether CEO Paolo Ardoino revealed at the Lugano Plan ₿ Forum that the stablecoin issuer holds approximately 150,000 Bitcoin. The company has surpassed 730 million global users, with quarterly wallet additions reaching approximately 30 million.
According to Tether's Q3

Taiwan Stock Exchange weighted index fell 1.1% to 44,423.41 points at market open today.

According to Fabrinet, the optical communications manufacturer reported Q1 fiscal 2027 revenue of $1.475 billion, up 51% year-over-year and 12% sequentially, on November 2. The result exceeded prior guidance and marks the highest annual growth in a decade, driven by data center interconnect, optical

London-based capital markets firm LO:TECH has raised $12 million in a Series A led by MMC, with participation from existing investors Faction, 13 Books Capital, and Atka. The company plans to expand into the US and Asia-Pacific, including New York and Singapore, while launching execution services

According to BlockBeats, SBI Holdings announced today that it will invest $100 million in U.S. digital bank Erebor Bank through its American subsidiary SBI Holdings USA. Erebor supports stablecoin deposits and withdrawals, with SBI planning to explore broader collaboration opportunities with the ban

According to Odaily, a contract address (0x4044570e13b5184f7eb2709de25a4eb766a4794c) has recorded cumulative losses of approximately $20.91 million while reducing Bitcoin long positions by $7.71 million.

According to Apple's earnings report released on November 3, the company reported fiscal Q4 revenue of $114.5 billion, up 12% year-over-year, with earnings per share of $2.10, up 14%. Full-year revenue reached $478.8 billion, both setting new records and beating market consensus.
For the December

According to Gate data, USD/CNH breaks through 6.66088 today, up 0.1% in the last 24 hours.