Gate Crypto Flash News and Market Updates

According to Singapore's Economic Development Board, middle distillate oil inventories declined 472,000 barrels to 8.03 million barrels, the lowest level in 9 weeks, as of the week ended November 4.

According to Singapore's Economic Development Board (EDB), light distillates inventory declined by 221,000 barrels to 11.083 million barrels for the week ending November 4, reaching a two-week low.

According to CryptoQuant analyst Darkfost, the 90-day rolling correlation between Bitcoin and S&P 500 returns surpassed zero for the first time since 2015, reaching a cumulative Z-score of 98.5 on November 5. A Z-score above zero indicates elevated correlation compared to historical averages, suggesting BTC and equity markets are moving in sync more frequently. However, the analyst noted that the pace of correlation increase has recently slowed, with the short-term (90-day) correlation change ra

Switzerland's unadjusted unemployment rate came in at 3% in October, matching expectations and the prior month's reading.

According to Frabang's announcement on November 5, the cryptocurrency exchange suffered a security breach on October 24 that exposed personal information and wallet addresses of 7 members. The leaked data includes member IDs, email addresses, phone numbers, names, OTP key values, account balances, p

According to Beating AI on November 4, Meituan co-founder Wang Huiwen announced his investment in AirBuild through his family office Lollapalooza Capital. The AI Agent platform automates iOS app development from conception to App Store launch. Users describe their requirements, and multiple AI

According to Jin10, Bank of England Governor Andrew Bailey warned on November 5 that assessing the strength of second-round inflation effects is premature, with evidence suggesting impacts remain modest so far. Bailey noted UK inflation remains "deeply frustrating" above target, but firms are

According to ChainCatcher, eToro agreed to acquire Argentine fintech app LB Finanzas on November 4. LB Finanzas provides investment and account services covering stocks, ETFs, crypto assets, and money market funds, serving hundreds of thousands of users. eToro said the acquisition strengthens its

According to OX Security, researchers identified a malware campaign that hides command-and-control server addresses inside Ethereum (ETH) blockchain transaction data, on November 5. The PolinRider malware uses this approach to allow operators to swap infrastructure without modifying the infected

According to Jin10 Futures, citing Guangfa Futures research on November 5, China's polypropylene (PP) futures 2701 contract fell to the limit-down level of 9,544 yuan/ton on November 5, down 609 yuan/ton or 6% from the previous close of 10,153 yuan/ton. The contract remained limit-down throughout th

According to China's Ministry of Commerce, on November 5, China is Oman's largest trading partner and primary crude oil export destination, while Oman ranks as China's fourth-largest trade partner among Arab nations. The two countries have expanded bilateral investment and advanced infrastructure co

According to MoneyDJ, recent high-profile cyberattacks on 91APP, Fubon Bank, Binance, and over a dozen European supermarket refrigeration systems have accelerated implementation of the EU Cyber Resilience Act (CRA). Notification obligations for major security incidents took effect in

According to MoneyDJ, European stocks closed lower last Friday (October 30) as concerns about artificial intelligence investment costs sparked by U.S. tech earnings triggered a selloff. The pan-European STOXX 600 index declined 0.36% to 646.75 points, while technology stocks tumbled 2.75%, marking t

According to MoneyDJ citing Taipei Foreign Exchange Brokers, on November 4, the Taiwan dollar depreciated 1.25 jiao to NT$32.885 against the U.S. dollar, touching an 18-month low of 32.90 during the session. Markets sold off broadly following U.S. midterm election results, with the Taiex index

According to the U.S. Department of Energy, as of October 30, commercial crude oil inventories declined 9 million barrels to 409.8 million barrels, falling 4% below the five-year average. Distillate fuel oil inventories dropped 3.6 million barrels to 99.26 million barrels, hitting the lowest level s

According to Financial Times this week, Microsoft decided not to exercise an expansion option for approximately 500MW of additional capacity in Nscale's Texas Ward County data center. The decision involves a deal potentially worth hundreds of billions of dollars, forcing the UK-based AI cloud

Nippon Steel's Chief Financial Officer announced that the company has already achieved $300 million of its $500 million operational synergy target set for 2030, with $200 million remaining to be realized ahead of the

According to MoneyDJ News, South Korea's KOSPI index closed up 35.01 points or 0.62% at 5,683.80 on November 4, while the KOSDAQ index rose 10.56 points or 1.50% to 714.95. Markets initially faced pressure from concerns over AI data center regulation amid U.S. midterm election coverage; however,

According to MoneyDJ, Novo Nordisk reported Q3 results on November 4 that beat expectations, driven by strong sales of oral Wegovy. Adjusted revenue reached 792 billion Danish kroner, up 4% year-over-year against analyst estimates of 732.2 billion, while adjusted operating profit surged 27% to 317.2