Gate Crypto Flash News and Market Updates

On November 11, onshore Chinese yuan closed at 6.6705 against the U.S. dollar at 4:30 p.m., down 23 points from the previous trading day.

According to Yonhapnews, South Korea's Ministry of SMEs and Startups announced on Nov 11 its strategy to develop 20 artificial intelligence startups valued above 1 trillion won and one decacorn startup worth over 10 trillion won

According to Jin10 Data, on November 11, European natural gas futures surged past €85 per MWh, up 2.7% from the previous trading day, as traders assessed uncertainty over Middle East conflict prospects and regional supply dynamics. Talks to end the Iran war have made little progress, with tanker attacks continuing near the Strait of Hormuz this week. According to Iran's state news agency IRNA, Iran's top security official denied ongoing negotiations with the U.S., calling Washington's claims abo

According to European Council President Costa on November 10, EU leaders will discuss the funding arrangements for 2027 Ukraine assistance at a special European Council summit later this month. German Chancellor Scholz has linked the new EU seven-year budget to Ukraine aid, suggesting that joint

Iran will host a summit for leaders of Economic Cooperation Organization (ECO) member states in Tehran on December 3-4, according to Iran's vice president.

On Tuesday (November 10), Microsoft briefly surpassed Nvidia in intraday trading to become the world's second-largest company by market cap for the first time since June 2025, though the lead did not extend to market close. Microsoft closed down 2.2% to $533.20, with a market cap of

According to IT House, OpenAI announced on November 10 that it will discontinue Advanced Voice Mode and Standard Voice Mode in ChatGPT on December 11, 2026, consolidating development resources toward GPT-Live. Users have until December 11 to continue

According to Bitget data, on November 11, Hong Kong's Hang Seng Index fell 0.98% to close at 24,315.92 points, while the Tech Index declined 1.41% to 4,027.06 points. Trading volume reached 180.75 billion Hong Kong dollars. Among individual stocks, MINIMAX-W

According to Irish authorities, former U.S. President Biden was hit with milk cartons and other items thrown by pro-Palestine protesters on November 10 while leaving an event at Trinity College Dublin, where his son Hunter received an award. Protesters shouted slogans including

According to OpenAI CFO Sarah Friar on Tuesday, November 10, the company's lightweight Luna model costs approximately one-fifth to one-sixth that of Chinese open-weight competitors while maintaining strong performance. Friar stated: "Models like Luna have invocation costs actually about 5 to 6

Google Cloud has expanded its Arm Neoverse-based Axion processor to its TPU 8i Max system, strengthening CPU and AI accelerator integration for large-scale AI workloads. Following earlier deployments in TPU 8t and TPU 8i, the Axion processor now provides compute resources for high-demand training, r

According to Goldman Sachs, on Tuesday the investment bank raised its Federal Reserve rate forecast after October's consumer price index (CPI) came in hotter than expected. The bank now expects the Fed to raise rates by 25 basis points in March 2027, with new expectations for hikes in January 2027 as well. Goldman Sachs also delayed its first rate cut forecast to December 2027, three months later than previously anticipated, followed by further cuts in March, June, and September 2028. The U.S. D

According to Guru Club, India's government announced on Tuesday, November 11, an immediate ban on exports of lithium-ion battery black powder, a recycled battery material containing lithium, cobalt, nickel and manganese. The Ministry of Commerce and Industry reclassified the material from "free expo

According to Saxo Bank, the U.S. 10-month CPI beat expectations for the third consecutive month on October. In response, Federal Reserve official Christopher Waller indicated December could see a rate hike of 25 basis points, with a 50 basis point increase not ruled out. U.S. Treasury yields

According to ChainCatcher, Deutsche Bank has launched a digital asset custody service for institutional and corporate clients in Germany, authorized under BaFin and MiCA regulations. The service supports Bitcoin, Ethereum, and USDC, among other stablecoins, with multi-layer key management

According to Jin10, on November 10, China's Middle East envoy Zhai Jun visited Oman and met with Hinai, Oman's Ambassador-level official at the Foreign Ministry, to exchange views on China-Oman relations and current Middle East developments. Zhai expressed China's willingness to advance bilateral re

According to Breadcrumbs analyst James Delmore and Federal Election Commission records, crypto-linked donors gave at least $471 million to the 2026 US midterms through November 6, nearly double the roughly $250 million spent in 2024. Republican candidates received $302 million, or 65% of total crypto donations, while Democratic-aligned recipients took in $96 million, or 21%. Crypto PACs, led by Fairshake and its affiliates, spent approximately $163 million with 82% supporting Republicans or oppo

According to ChainCatcher, Tencent has officially launched Yuanbao Search (so.qq.com), an independent search website. The platform defaults to AI search, delivering complete answers and cited sources for user queries, with support for follow-up questions. Traditional web search, public accounts,