Gate Crypto Flash News and Market Updates

According to CoinDesk, Morgan Stanley analyst Michael Cyprys downgraded Coinbase to underperform from neutral, cutting the price target to $120 from $258, a decline of approximately 53%.

According to ChainCatcher, cybersecurity firm CrowdStrike released an AI emergency kill switch feature designed to automatically terminate, block, and disconnect anomalous AI agents to enhance AI safety.

According to Jin10, on Nov 3, Gulf stock markets posted mixed trading amid geopolitical tensions. The U.S. escalated operations against Iran's Qeshm Island while negotiations between Iran and Saudi Arabia continued, fueling concerns over an eight-month conflict. Saudi Arabia's benchmark index

According to Bloomberg's Market Pulse survey on November 3, Bitcoin year-end price forecasts vary significantly based on U.S. midterm election outcomes. If Republicans maintain control of both chambers, the median forecast is $90,800; if Democrats sweep, it drops to $76,450; if power is split, the m

According to Tasnim News Agency, Iran's military chief General Abdolrahim outlined five principles aimed at achieving lasting regional peace, including ending wars across multiple fronts—specifically referencing Lebanon and the Gaza

According to Saudi Aramco's chief executive, the company lost 15% of its effective oil production capacity following a tanker attack in recent days.

Drax Group said Tuesday it has signed an agreement with Brookfield and its neocloud platform Radiant to jointly develop an AI data center at the Drax Power Station estate in North Yorkshire. Brookfield estimates total investment, including semiconductors, could exceed £20 billion ($26.8 billion), wi

According to Coinglass data cited by ChainCatcher, network-wide liquidations reached $379 million in the past 24 hours, with long positions liquidated for $340 million and short positions for $39 million. Bitcoin saw long liquidations of $91.95 million and short liquidations of $6.77 million. Ethereum recorded long liquidations of $37.60 million and short liquidations of $10.69 million.

On November 3, the onshore Chinese yuan closed at 6.6765 against the U.S. dollar at 4:30 PM, falling 307 points from the previous trading day.

According to Guru Club, Tencent is set to launch an AI search engine for consumer users today, featuring a minimalist interface, full AI integration, and unified AI question-answering with web search capabilities. The product will prioritize authoritative sources in search ranking, according to internal sources cited by the report.

Hong Kong's third-quarter gross domestic product grew 5.2% year-over-year, according to preliminary data released today, beating economists' expectations of 3.7% growth and accelerating from the previous quarter's 4.3%.

According to Aehr's earnings call on November 3, the semiconductor test equipment maker expanded monthly production capacity to over 20 Sonoma high-power package-level burn-in systems with Southeast Asian foundry partners, with units now being delivered directly to Taiwanese assembly firms

According to CoinDesk, Cipher Digital reported $31.6 million in net profit for Q3 on November 3, despite revenue declining 63% year-over-year to $26.7 million from $71.7 million. Bitcoin mining revenue fell 71% to $20.8 million as the company shifted computing power toward renting data centers to

According to DeFiLlama, Binance's 24-hour net capital flow reversed to inflows of approximately $1.6 billion on November 3, marking a significant improvement from earlier net outflows of about $7 billion. The cumulative swing exceeded $8.6 billion, indicating a substantial recovery in short-term

According to Financial Times, China's securities regulator halted initial public offerings and large-scale share sales on November 3 to stabilize the depressed stock market. The measure follows meetings between the China Securities Regulatory Commission, People's Bank of China, and State

According to President Volodymyr Zelenskyy, Russia launched 289 attack drones, 17 ballistic missiles, and 59 cruise missiles at Ukraine overnight. Air raid alerts continue across the country, and the threat of new Russian missile and drone attacks remains

Hong Kong Exchanges and Clearing (HKEX) will launch 12 equity futures contracts on January 18, 2027.

According to ChainCatcher, ByteDance's AI office agent Douyin Work has launched business operation plugins including Douyin Life Services and Juliangbengfang, now available in limited rollout to enterprise users. After account authorization, merchants can query sales performance, ad spending, and

Marvell announced an all-stock acquisition of optical communications company Lumentum on Monday (November 2), with shares of both companies tumbling. Lumentum stock plunged 18.6% to $684.40, becoming the worst performer in the S&P 500 that day, while Marvell fell 12.7%, marking its steepest three-da

According to Yonhapnews Agency, South Korea's Unification Ministry said today, November 3, that its priority is to accurately verify the U.S. investigation findings that North Korea orchestrated the Binance hacking incident. A ministry official stated that the information originates from the FBI