Gate Crypto Flash News and Market Updates

According to Democratic Party lawmaker Kim Hyun-jung, speaking at a Nov. 12 seminar on won-denominated stablecoins in Seoul, South Korea's Digital Asset Basic Law is expected to be enacted soon, though delays in government position coordination have slowed legislative discussions. Kim noted the law'

According to onchain analyst Yu Jin, a whale purchased 396,800 HYPE tokens (approximately $29.29 million) over the past three days and staked all tokens six hours ago on November 12. The accumulation occurred following HYPE's 26% decline from $96 to $71 this

According to Bank of Korea's monetary policy committee minutes released on November 12, the committee discussed how semiconductor export gains would transmit to domestic demand inflation pressures in determining the pace of future rate hikes. Committee members examined whether the benefits from semi

According to China Times Financial, Kunbao (TWSE: 6155) posted a 172.5% surge in net profit to NT$98.39 million during the first nine months of 2026, with earnings per share reaching NT$1.12 compared to NT$0.41 in the same period last year. Revenue for the first 10 months reached NT$662 million,

At Baidu World 2026 on November 12, Baidu founder Robin Li stated that the past decade marked AI technology's evolution into an independent technical stack, with the "chip-cloud-model-algorithm" architecture forming gradually over this period. Li added that while energy is upstream of AI technology,

According to China National Offshore Oil Corporation (CNOOC), a major breakthrough in offshore ultra-deep natural gas exploration was achieved on November 12, with the discovery of a high-yield oil and gas

According to Unified Securities, Taiwan's weighted index surged 1,545 points to close at 44,257 on November 11, driven by strong performance from U.S. AI infrastructure provider CoreWeave and Taiwan Semiconductor Manufacturing Company (TSMC). TSMC reported strong October revenues and announced

According to analyst Huang Zi-dong from Guder Investment Advisory, Taiwan's Weighted Index opened at 44,180.46 points today (November 12), down 76.69 points, and fell as low as 43,878.52 points during morning trading, temporarily breaking below the 44,000-point support level. Huang attributed the

According to ChainCatcher, Blockstream co-founder Adam Back predicted on CNBC that Bitcoin will reach $1 million by 2028. Back noted that Bitcoin still has approximately 95% of potential adoption unrealized, with large institutional pools such as pension funds and mutual funds yet to significantly a

According to MoneyDJ, China Electronics (1513) posted Q3 net profit of 1.291 billion yuan, up 13.4% year-over-year, with earnings per share (EPS) of 2.61 yuan, marking a single-quarter record. Revenue for the quarter reached 7.33 billion yuan, up 7.94% YoY, with gross margin expanding to

According to Kaohsiung Securities, minors' regular investment accounts in September ranked Taiwan's Yuan Da Taiwan 50 (0050) and U.S. Vanguard S&P 500 ETF (VOO) as top picks, respectively. Among Taiwan equities, the top five DCA targets were all ETFs: 0050 led, followed by Kaohsiung Taiwan

According to China Times, niche DRAM chipmaker Yuanta (5351) reported strong Q3 2026 results, with consolidated revenue reaching NT$67.92 billion, up 38.6% quarter-over-quarter and 535% year-over-year. Net profit attributable to shareholders hit NT$24.93 billion with earnings per share (EPS) of NT$7

According to Sixth Street Partners CEO Alan Waxman, speaking on Wednesday, approximately $200 billion worth of AI chips remain idle in warehouses as data centers are not yet operational, raising significant financing risks across the sector. Waxman warned that while AI infrastructure investment is u

According to Lite-On Technology, the company has established its ECES (Edge Computing & Energy Solutions) division to focus on low-orbit satellite, enterprise AI workstations, and edge computing power solutions. ECES Division General Manager Hu An-hua stated that the division will target premium U.S

According to Japan Machine Tool Builders' Association (JMTBA), machine tool orders surged 42.5% year-over-year in October 2026 to 204.38 billion yen, marking the second-highest monthly record. Domestic orders increased 46.5% to 52.29 billion yen, while export orders rose 41.1% to 152.09 billion yen.

According to Pavel Durov, Telegram's founder and CEO, over 1 million Gram self-custody wallets were activated on the platform over the past 48 hours. GRAM surged approximately 14% in the past 24 hours as of Durov's statement, despite broader market declines. Durov stated that GRAM is the only

According to South Korea's Supreme Court on November 12, the court upheld its ruling in Lee Sang-jun's bribery case, dismissing his final appeal. Lee, former CEO of Bithumb Holdings, was convicted of taking bribes in connection with listing requests for specific cryptocurrencies on the Bithumb

According to ChainCatcher, AMD disclosed server processor and chiplet interconnect plans on its In Depth forum, with Venice leveraging TSMC N2 process and CoWoS-L advanced packaging. The processor will use extended fan-out bridge (EFB) technology to reduce power consumption and latency as compute co

According to BlockBeats, Elon Musk responded to a social media post on November 12, stating that hiring Nvidia CEO Jensen Huang 'would be an honor.' Musk's reply came in response to a media account's suggestion to recruit Huang.

According to KCNA, Kim Jong Un inspected a strategic naval base construction on North Korea's east coast on November 11. Kim Jong Un listened to progress reports and emphasized the construction's importance for maintaining national security and maritime sovereignty. He outlined guidance for