Gate Crypto Flash News and Market Updates

According to ChainCatcher, Hugging Face CEO Clément Delangue responded to Nvidia CEO Huang Ren-Hsun's departure on November 13, calling it "a very sad day" and pledging that the company will fight harder than ever for open-source AI. Nvidia has

According to U.S. Treasury Secretary Scott Bessent, the Trump administration is open to addressing 'tax loopholes' as part of deficit reduction efforts. Bessent stated he is monitoring whether Democrats are committed to lowering U.S. debt

According to PANews, on-chain analyst Yu Jin detected that three addresses suspected to belong to Erik Voorhees purchased 23,091 ETH for 47.36 million USDT over the past 24 hours (November 13), at an average price of $2,051 per ETH.

According to Yonhap Infomax, South Korea's three major telecom operators reported growth in AI data center revenue during the third quarter of 2026. SK Telecom recorded 126.1 billion Korean won in Q3 AI data center revenue, up 6.2% year-over-year, while KT Cloud's revenue reached 268.2 billion won,

WTI crude oil futures fell 0.41% as of 9:30 AM Beijing time, while U.S. natural gas futures gained 0.66%.

According to RootData, Nikkei 225 traded at 61,720.02 points intraday on November 13, up 0.8% from the day's opening of 61,223.41 points.

According to Dunamu announcement on November 13, Kim Dae-hyun, a researcher from the FDI team at Dunamu (operator of Upbit exchange), received a commendation from South Korea's National Police Commissioner on November 6 at the 2026 Cybersecurity Awards ceremony held by the National Police Agency.
K

According to Uanalyze, multiple non-profit organizations including Irreplaceable Education Fund, Public Citizen, and Heat Initiative filed a lawsuit on November 12 in San Francisco against OpenAI, Anthropic, Google, Meta Platforms, and SpaceX's AI division. The groups seek to prevent these

SpaceX announced on November 13 plans to invest over $74 billion to build two supercomputing parks in Starbase, Texas and Cochise County, Arizona. The Arizona facility, requiring $50 billion in investment, is still pending county approval and is expected to create approximately 5,500 construction

According to CEO Matthew Tobolski at the Baird Global Industrial Conference on November 12, AAON, a U.S. manufacturer of commercial air conditioning and data center cooling equipment, renegotiated pricing on all outstanding orders with a major customer and adopted new pricing standards for future orders. The company also expanded its supply chain security: procurement contracts now cover over 50% of spending, up from approximately 3% roughly 18 months ago. Key suppliers have established long-ter

According to CEO Dave Regnery at the Baird Global Industrial Conference on Nov 13, Trane Technologies (TT-US) expects component supply chain constraints to persist 6-9 more months. While data center cooling demand remains strong and the company has expanded production

According to Forgent Power Solutions, the electrical distribution equipment manufacturer raised its full-year FY2027 revenue guidance to $24.5 billion to $26.5 billion on November 13, adding $50 million to its prior forecast. Q1 FY2027 revenue surged 69% year-over-year to $479 million, marking a

According to Ideal Power (IPWR-US), an Asian customer delayed its AI data center solid-state circuit breaker order originally expected in Q4 2026 after changing specifications, the company announced on November 13. The customer, which received 800V DC 63A prototype samples using the company's

According to Broadwind (BWEN-US) during its third quarter earnings call on November 13, the company's industrial solutions segment reported new orders up 42% year-over-year to $19.6 million, with backlog reaching $57 million—both all-time highs. The segment's third quarter revenue rose 32% year-over-year to $10.4 million, with adjusted EBITDA improving to $1.4 million from $0.6 million in the prior year period, driven by surging demand for gas turbine equipment from data centers and customer cap

According to Odaily, "Big Short" investor Michael Burry urged investors to exit NVIDIA (NVDA) stock, citing multiple risks including slowing future growth, declining profit margins, and potential customer purchasing delays without CEO Jensen Huang. Burry also highlighted concerns over hidden