Gate Crypto Flash News and Market Updates

On November 11, Germany's Defense Ministry announced the Bundeswehr will stop using Chinese-manufactured drones for training and switch to German or other European-produced models. The shift aims to enhance military self-sufficiency and technological autonomy. The ministry cited data security

On November 12, V2 AI appointed Arseny Chernov as director of forward deployed engineering for applied AI covering Singapore and Southeast Asia. Chernov most recently led regional technical teams at HashiCorp across ASEAN, Korea, and Greater China, and previously held senior roles at Google and

According to The Block, Solana Company reported third-quarter revenue of $3.4 million on November 12, with quarterly earnings primarily driven by SOL staking income. This represents strong growth compared to $700,000 in the same period last year.

As of September 30, the company held

According to Yonhap Infomac, South Korea's Fair Trade Commission imposed fines totaling 1.376 trillion won on 10 securities firms yesterday for collusion in government bond auctions. The penalties represent 18.1% of the firms' combined net profit from the previous year, more than 10 times the

According to Yonhapinfomax, on November 11, South Korea's Fair Trade Commission (FTC) imposed a record 1.6 trillion won fine on 15 financial institutions—10 securities firms and 5 banks—for bid-rigging in government bond auctions. The penalty marks the highest antitrust fine in the country's

According to Jin10 Futures, on November 12, South China's LPG market continued to face downward pressure as major refineries maintained stable shipments while wharf transactions showed signs of softening. Despite upstream efforts to stabilize prices, weakness in external markets dampened sentiment a

Brent crude oil broke below $92 per barrel on November 12, declining 0.66% intraday.

As of 9:00 a.m. Taipei time on November 12, Taiwan's OTC (Gretai Securities Market) weighted index gained 11.14 points, or 3.35%, to 344.11. The index has declined 19.36% over the past month but remains up 24.57% year-to-date.

HDI circuit board stocks led gainers, rising 6.80%, with Nanya

According to Bernstein, the firm has downgraded NVIDIA's stock rating from Outperform to In Line and cut its price target from $400 to $200.

According to a South Korean presidential office official on Nov 12, Seoul confirmed its plan to expand the Cheonghae Unit's operational area from the Gulf of Aden to waters south of Oman to protect domestic vessels, ensure safe maritime passage, and secure energy supply routes. The government

According to The Economist on Nov 11, toy maker Mattel (NAS:MAT) faces mounting pressures as raw material costs surge due to geopolitical tensions and structural demand for physical toys declines. Third-quarter results showed Barbie sales fell 10% year-over-year, while Hot Wheels rose 6% and

According to Dunamu, Upbit completed its second-semester Upclass Campus lecture series on November 12, reaching a cumulative 3,200 young participants since the program's launch last year. The semester's lectures were held at KAIST, Sookmyung Women's University, and Ewha Womans University. A

In early trading on Nov 12, China's futures markets advanced broadly, with palm oil, natural rubber (20-code), and sunflower oil rising over 2%. Propylene, live hogs, and synthetic rubber gained nearly 2%, while polypropylene monthly contracts and methanol climbed over 1%. On the downside,

According to Google, on November 11, the company launched the Gemini Decisions API, enabling developers to score up to 1,000 fixed-answer questions across text, images, audio, video, and PDFs in a single request. The API uses Gemini Decision 1 and returns probabilities and confidence scores for

According to National Security Advisor Wi Sung-lac, President Lee Jae-myung will visit the Philippines and China from November 16 to 19 to attend ASEAN and APEC summits. Lee will participate in the Korea-ASEAN Summit in Manila on November 16 and related ASEAN meetings through November 17, followed b

According to Yonhapinfomax, Mirae Asset Securities reported a Q3 consolidated net loss of 405.6 billion won on November 12, driven by expanded valuation losses on holdings including SpaceX. Q3 pre-tax loss reached 520.6 billion won as market trading activity slowed and investment asset losses were r

According to Yonhapnews, South Korea's October exports hit a record $115.28 billion, surging 93.7% compared to the same period last year. The country's cumulative exports through October reached $900 billion for the first time, putting the nation within reach of the symbolic $1 trillion annual

According to Bloomberg, Polymarket recently cut staff and terminated agreements with multiple contractors as part of an organizational restructuring. The prediction market platform made the adjustments following the appointment of new senior executives, including former Amazon finance chief Warren

According to Semafor, Democratic senators urged U.S. Secretary of State Rubio on Nov 12 to intervene diplomatically in Ethiopia's escalating crisis. The lawmakers warned that renewed fighting in the Tigray region, combined with rising tensions with Eritrea, risks sparking a multi-front conflict that

According to David Rosenberg of Rosenberg Research on November 12, the Federal Reserve is expected to take hawkish action at its December 9 meeting. Rosenberg cited the Fed's ongoing efforts to combat persistent post-pandemic inflation and its close monitoring of energy price transmission to