Gate Crypto Flash News and Market Updates

According to ChainCatcher, Litecoin Foundation announced on November 12 that LitVM mainnet is launching soon. LiteForge testnet infrastructure has been migrated from Caldera to Zeeve to strengthen the underlying foundation for Litecoin smart contract capabilities. The network chain ID remains 4441 a

According to sources close to Tencent reported by China Securities Journal, WeChat is running a limited-scale test of a short drama entry in its "Watched" feature. The feature allows users to quickly access recently viewed short drama content and aims to help creators gain more exposure.

According to Gate market data, Nvidia stock declined 7.4% on the Tradegate platform compared to yesterday's closing price.

Foxconn's net profit for the third quarter ended September surged 34% to NT$77.5 billion ($2.4 billion), surpassing analyst expectations of NT$70.3 billion. The Nvidia partner attributed the strong performance to surging demand for AI server assembly, which has become its largest growth driver.

According to Jin10, domestic gold jewelry prices fell across multiple brands today (November 12), with the steepest decline reaching 19 yuan per gram. Water Opal (Shui Bei) gold jewelry dropped from 1,029 yuan per gram to 1,010 yuan per gram.

According to MoneyDJ, Baidu announced today two new Wenxin application models at its 2026 annual conference: the Wenxin Lightning Deep Thinking Model and Wenxin Mirror Micro-expression Model. Both models are now available on Baidu Intelligent Cloud Qianfan platform via API services for enterprise clients. The company also revealed that its next-generation flagship Kunlun chip M300 will launch in 2027, with improvements in computing power, storage, and interconnectivity. Additionally, Baidu unvei

Shanghai Gold Futures intraday traded down 2.00% on November 12, with the main contract settling at 853.08 yuan per gram.

According to the Bank of Japan (BOJ), Japan's Producer Price Index (PPI) rose to 136.8 in October 2026, up 7.1% year-on-year, marking its highest level since 1980. The increase was driven by surging non-ferrous metal prices, which jumped 31.7%, and oil and coal product prices, which climbed 15.9%. The reading exceeded market expectations of 6.5% annual growth. This marks the fourth time in five months that PPI's year-on-year growth has exceeded 7%, with the index rising for the 68th consecutive

According to MoneyDJ, Huawei's newly launched OSTA brand published its first official Weibo post on Nov 12, featuring an AI video to build anticipation for the brand's debut. Huawei's Executive Director Yu Chengdong reposted the message, stating: "Welcome to the 'Star' family. We hope to explore more AI possibilities through this new brand." The company announced that the official product launch event will be held on Nov 20, 2026 at 2:30 PM. The first products are expected to include the OSTA O1

On November 12, a 2026 China-U.S. party dialogue was held in Beijing. Representatives from U.S. political parties, strategic communities, and business circles, as well as Chinese government departments, local authorities, think tanks, universities, and civil organizations participated in candid, in-

According to ChainCatcher, Seedance launched its 2.5 flash video generation model today, supporting up to 30-second videos with input from 10 images, 5 videos, and 5 audio clips in 480P or 720P resolution. The model doubles generation speed compared to 2.5, with 720P text-to-video and image-to-video

According to the Taiwan Stock Exchange Public Information Observation Post, Fuzen-KY (8411) reported a net loss of NT$32.37 million for the third quarter of 2026, with basic earnings per share of negative NT$0.15, compared to negative NT$0.07 in the same quarter of 2025. Third-quarter revenue

According to Infineon, the German semiconductor giant on November 10 forecast fiscal year 2027 revenue will grow over 20% to approximately €20 billion, driven by strong demand from datacenters, energy infrastructure, and automotive sectors. Datacenter power supply revenue alone is expected to

According to public filings published on November 12, Everlight Electronics (1711) announced that its board of directors approved the consolidated financial report for the first three quarters of 2026 (January 1 - September 30). The company reported consolidated net profit of TWD 208.3 million

According to Business Insider, the seven co-founders of AI firm Anthropic will each hold approximately $18 billion worth of shares following the company's IPO, based on the mid-point of the proposed price range of $74 per share announced on November 10. Tom Brown, Chief Computing Officer, holds the largest stake with about 244 million shares valued at roughly $18.1 billion, followed by CEO Dario Amodei with 240.6 million shares worth approximately $17.8 billion. The co-founders have committed to

According to Taiwan Securities Exchange Market announcement, Eastern Jade Information (stock code 6697) disclosed financial information on November 12 after its securities reached the threshold for publishing trading attention alerts. The company reported October consolidated revenue of NT$156

According to Taiwan Stock Exchange public filings, Tai-Chung (6435) reported Q3 2026 earnings per share of NT$3.89, up 47.9% year-over-year from NT$2.63 in the same period of 2025. Q3 operating revenue reached NT$980.68 million, increasing 19.5% annually, while net profit for the quarter climbed 48.4% to NT$145.56 million.

According to South China Morning Post, Huawei-backed EV brand Maestro is advancing partnership talks with Italian luxury carmaker Maserati to jointly develop electric vehicles targeting affluent consumers and competing with BMW and Mercedes-Benz. The companies plan to launch production vehicles by e

According to ChosunBiz, SK Hynix's HBM4 yields recently broke through 70%. The company has not formally disclosed specific yield data.