Gate Crypto Flash News and Market Updates

According to Odaily and Bitcoin.com News, Bitcoin miner IREN produced 402 Bitcoin in Q3 2026, down 80% from 2,039 BTC in the same period last year. Average operating hash rate fell to 8.8 EH/s from 45.3 EH/s year-over-year, while Q3 mining revenue declined 88% to $28 million. The company holds no Bi

According to Yonhap Infomax, South Korea's major refiners saw significant stock declines over the past week following a sharp drop in international crude prices after the U.S. midterm elections. S-Oil, GS, SK Innovation, and HD Hyundai fell 14.41%, 6.55%, 15.52%, and 11.07%, respectively, between

According to Axios, U.S. Vice President Vance discusses Iran issues with Qatar's Prime Minister and Pakistan almost daily. Mediators are exploring the possibility of work-level dialogue between the U.S. and Iran, though a formal U.S.-Iran working group meeting concept has not yet been

According to Iranian military spokesman Akraminia on November 6, the U.S. acceptance of Iran's seven conditions is the only way to reopen the Strait of Hormuz, and further invasion or provocation will not achieve this goal.
Iran's Supreme Leader Mujtaba issued orders to armed forces commanders to r

According to Yahoo Finance, Fast Retailing (UNIQLO's operator) surged 7.99% to 83,550 yen on November 5, marking a three-month high. The stock earlier reached 85,980 yen, its highest level since July 10.
According to Fast Retailing's data, UNIQLO's Japan same-store sales fell 5.5% year-over-year in

According to Japan's Ministry of Health, Labour and Welfare, real wages (adjusted for inflation) increased 2.2% year-over-year in September 2026, marking the ninth consecutive month of growth—the first such streak in nearly a decade since February 2016–January 2017. Nominal wages surged 4.6% to 314,

According to MoneyDJ, Monolithic Power Systems (MPWR) raised its 2026 enterprise data business revenue growth target to 130% from 85% on November 6, driven by strong AI and data center power demand. The company also expanded its long-term capacity goals to over $6 billion from $4 billion and

According to MoneyDJ, the European Central Bank kept its benchmark rate at 2.5% on October 29, signaling a likely rate hike in December pending additional data. ECB President Christine Lagarde announced the same day she will step down on February 7, 2027, approximately eight months earlier than her scheduled October 2027 departure, to pursue freedom of speech on global affairs. Lagarde stated the central bank's monetary policy decisions will remain unaffected by her early exit.

According to an official regulatory announcement today (November 6), Pei Heng Semiconductor (ticker: 6291) announced it will acquire 100% equity stake in Jianyi Technology Co., Ltd. for NT$300 million (approx. $9.3 million USD) in cash. The board of directors approved the investment decision on November 6. Through the acquisition, Pei Heng aims to deepen vertical integration in optical communications by combining Jianyi's expertise in passive optical components and connectors with its existing f

According to The Information, Microsoft reduced its first quarter (July-September) capital expenditure by approximately $5 billion due to delays from cloud service providers in data center delivery. The Information exclusively revealed that Microsoft signed a five-year, $9.7 billion contract with IREN in 2025 for servers equipped with Nvidia GPUs at its Childress data center in Texas, originally scheduled for phased deployment in 2026. Business Insider reported on satellite imagery analysis by r

According to Yonhapinfomax, South Korea's KOSPI index fell below the 5,000 level on November 5 and triggered a circuit breaker following a sharp selloff on Wall Street. Investors are now focusing on upcoming U.S. events, including Coreweave's earnings release on November 11 and NVIDIA's third-quarter earnings on November 18, to assess the direction of AI investment momentum and market sentiment recovery.

According to Mining Weekly, U.S. copper imports declined 3.1% month-over-month in September to 194,284 metric tons, yet surged 89.6% year-over-year compared to 102,279 metric tons in September 2025, reflecting importers rushing shipments ahead of potential 15% tariffs set to begin in 2027. Comex copper inventory climbed to a record 731,428 metric tons, while London Metal Exchange warehouses in the U.S. also hit multi-decade highs. The tariff policy uncertainty has driven pre-emptive stockpiling

According to a Taiwan Stock Exchange disclosure on November 6, Hongjin Precision (7769) board approved a share buyback program to provide stock incentives to employees. The company plans to repurchase 2 million ordinary shares from November 9, 2026 to January 5, 2027 at a price range of 2,575-5,000 New Taiwan Dollars (TWD) per share. The buyback represents 1.11% of the company's outstanding shares, with a maximum allocation of 10 billion TWD.

According to Foresight News, on November 6, Algorand Foundation announced it will indefinitely suspend the "Project King Safety" roadmap, canceling previously discussed proposals to remove ALGO's supply cap, enable MEV capture, and increase minimum transaction fees. The foundation reaffirmed its

According to Bloomberg Law, the U.S. Department of Labor submitted final rules to the White House Office of Information and Regulatory Affairs (OIRA) on November 5 to allow 401(k) and other retirement plans to include alternative assets such as private equity, real estate, and cryptocurrency. The ru

According to The Block, Aave Labs has acquired the team and technology of lending protocol Avon to advance fixed-rate borrowing on the Aave network. The acquisition includes Avon's fixed and variable rate lending protocols, on-chain order book, domain, and related assets; transaction terms were

According to KB Securities research on November 7, market expectations for the Bank of Korea's final benchmark rate have been revised down from 3.50% to 3.25% amid prolonged stock market weakness. Interest rate swap markets reflected the shift, showing expectations for a 27.5 basis point rate

According to CNBC, Don Harrison, Google's president of global partnerships and corporate development, resigned from SpaceX's board of directors on Friday. SpaceX said in a regulatory filing that Harrison's decision was not due to any disagreement with the company on its operations, policies, or practices. Alphabet, Google's parent company, remains SpaceX's largest institutional investor with a stake worth $74 billion as of Friday's close. The companies maintain close ties, with Google being a ke

According to BOJ Governor Ueda Kazuo, speaking Friday at the IMF in Washington, Japan's central bank may once again deploy quantitative easing tools if faced with a severe shock in the future. While acknowledging that unconventional monetary policy measures have produced some positive effects on the

According to CCTV News, two missiles struck Qeshm Island early on November 7 in what was reportedly a U.S. airstrike. Iranian officials said the strikes targeted air defense missile systems on the island but have not disclosed further details.