Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
Today
04:29
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All 11 U.S. Midterm Elections Since 1982 Followed by Stock Market Gains; Divided Government Outperforms With 15% Average Return

According to CNBC analysis, all 11 U.S. midterm elections from 1982 to 2022 were followed by S&P 500 gains, with an average one-year return of 13.7%, matching the 13.8% average seen after presidential elections. Divided government scenarios, where the White House and at least one chamber of Congress are controlled by different parties, showed stronger performance: markets posted average one-year gains of 15% across 10 such midterm and 5 presidential election outcomes, with 14 of 15 delivering po
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04:23
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Nvidia's $1B Naver Investment Inflows Put Downward Pressure on USD/KRW on November 3

According to Yonhapinfomax, on November 3, foreign exchange inflows from Nvidia's $1 billion investment in Naver weakened the US dollar against the Korean won. The currency conversion volume arrived in Seoul's FX market ahead of the scheduled settlement date on November 6. USD/KRW traded at 1,341.80 won, down 2.00 won from the previous close of 1,346.00 won, as the investment funds entered through the MAR (market average rate) market, adding to steady export-related selling pressure.
04:16
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JPMorgan Cuts Apple Price Target to $355 From $360

JPMorgan cut its Apple (AAPL.O) price target to $355 from $360, according to reports on November 3. The adjustment reflects the analyst's revised outlook on the tech giant's near-term performance.
04:10
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AI Stock Selloff Erases $5 Trillion, Poses Major Economic Risk: BofA

According to BofA Global Research, a three-week selloff in artificial intelligence stocks has erased $5 trillion in market value and poses significant economic risks to the U.S. and global economy, the bank's economists warned on November 3. AI-related investments contributed over 1% to the 3.4%
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04:09
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Koribor Rates Updated on Nov 3, 3-Month Rate Rises 0.01% to 3.42%

According to Yonhapinfomax, South Korea's interbank lending rates (Koribor) were updated on Nov 3 at 11:00 a.m. The 3-month Koribor rose 0.01 percentage points to 3.42%, while the 12-month rate declined 0.01 points to 3.99%. Other rates: 1-week 3.00%, 1-month 3.14%, 2-month 3.27%, and 6-month 3.82%.