Gate Crypto Flash News and Market Updates

According to Bitcoinist, Gemini has sold its UK and European operations to stablecoin payments company KAST for less than $10 million, marking another step in the cryptocurrency exchange's retreat from international markets. The transaction gives KAST, founded by former Circle executive Raagulan Pathy, a platform to expand into regulated European markets. The sale follows Gemini's February announcement to wind down operations across the UK, the European Union, and Australia as part of a restruct

Italian utility company ENEL reported revenue of 650.2 billion euros for the first nine months of 2026, exceeding analyst expectations of 613.5 billion euros. Adjusted net profit reached 60.2 billion euros against an estimated 57.6 billion euros, while adjusted EBITDA stood at 179.5 billion euros compared to the forecasted 176.9 billion euros.

According to Foundation CEO Zach Herbert, the Ethereum Foundation debuted the Universal Ethereum Signer app on Passport Prime at $349 on November 12, 2026. The app, built by Ledger co-founder Nicolas Bacca, runs on KeyOS, the operating system Foundation developed for its Passport hardware line.

Craig-Hallum Capital Group analyst Richard Shannon downgraded Nvidia's rating from Buy to Hold, setting a price target of $180, which is 9.4% above the stock's recent closing price.

According to Romania's National Bank decision on Thursday, the country maintained its benchmark interest rate at 6.5%, Europe's highest level, in line with all economist forecasts surveyed by Bloomberg. The decision comes as energy prices push inflation higher, delaying any monetary easing discussions until after next year. The central bank has kept rates unchanged since 2024 amid political instability, economic contraction, and currency depreciation in the Black Sea nation.

According to its November 11 announcement, SuiBall, the Sui hardware wallet developed by Citadel Wallet, has ended operations with full USDC refunds for all pre-order customers. Refunds will be processed within one week: roughly 80% of orders placed on-chain will receive USDC airdrops directly to the wallet holding the original pre-order NFT, while credit card buyers will receive an email to confirm a Sui wallet address. The Sui Foundation withdrew backing after judging the risk of supporting a

According to CNBC analysis, Nvidia has disclosed approximately $400 billion in financing commitments to support AI industry expansion, including $36 billion in purchase pledges to emerging AI cloud operators, $105 billion in staged guarantees for data center projects, and $125 billion in credit support for financial institutions. Columbia Business School Professor Stijn Van Nieuwerburgh estimated the total commitments at around $400 billion. Recent market indicators signal rising credit stress.

According to Aave's X announcement, the loan swap feature is now live on Aave V4 across Ethereum, Base, and Avalanche markets. Users can exchange loans from one asset to another without closing their positions, with the functionality powered by CoWSwap.

According to JPMorgan's prior estimates, MSCI's November review decision on Strategy (MicroStrategy), due shortly after 11:00 PM CET on November 11, could trigger up to $2.8 billion in selling from passive funds tracking MSCI indexes if the Bitcoin-holding company is removed. The index provider's el

According to Reuters, Clayton Dubilier & Rice (CD&R) and Gleacher Technology Capital (GTCR) have abandoned their attempt to acquire Global Payments.

According to ICE and TTF, on Thursday (Nov 12), European natural gas futures rose significantly. ICE UK natural gas futures jumped 8.09% to 233.520 pence per thermal unit, while TTF Dutch natural gas futures gained 7.88% to 93.693 euros per megawatt-hour.

According to IMF chief spokesperson Julie Kozack this week, the fund is focused on Argentina's strengthening economic fundamentals and warned against overemphasizing short-term debt market volatility. IMF staff are finalizing documents for submission to the executive board regarding the country's third program review, with approval set to unlock approximately $900 million in funds. The country's refinancing risks are being mitigated through extended maturity dates on peso-denominated debt.

Brent crude oil gained 2.0% during intraday trading on November 12, reaching $94.62 per barrel.

Federal funds futures Oct-Nov spread contracts saw renewed trading activity Wednesday after the Federal Reserve removed its October 2027 meeting from the FOMC calendar. The largest single trade of 10,000 contracts was executed at 11:59 a.m. ET, marking the spread's highest single-trade volume on record. The spread saw 406 total trades on Wednesday, following months of inactivity since late October.

According to U.S. Treasury Secretary Bessent, the American manufacturing sector has expanded for ten consecutive months following President Trump's trade policy reset and tax legislation, reversing decades of industrial decline. The sector added 101,000 jobs year-to-date, with job openings

According to the U.S. Energy Information Administration (EIA), Alaska's crude oil production is projected to increase 13% in 2027.