Gate Insights and Crypto Market Analysis

Mitsubishi UFJ Financial Group (MUFG) released analysis on November 2 (local time) forecasting that a divided US Congress outcome in the 2026 midterm elections would be most favorable for markets. MUFG Securities America's macro strategy head George Goncalves and research team assigned a 50%

E-Mart's Q3 performance forecast reveals a mixed picture as subsidiary losses offset core business gains. Seven domestic securities firms project Q3 revenue of 7.5306 trillion won and operating profit of 162.6 billion won, representing year-on-year increases of 1.75% and 7.44% respectively. The

South Korea's Kospi fell 3.19% to 5,672.19 as of 9:06 a.m. on Nov. 3, declining 186.89 points from the previous session as weakness in U.S. technology shares spilled over into the local market. The drop centered on large-cap semiconductor stocks including Samsung Electronics, which fell 4.69% to 218

The USD-KRW exchange rate rose to 1,346.00 won as of 7 AM on November 3rd, up 2.20 won from the previous Seoul market close of 1,343.80 won. The increase was driven by foreign investors purchasing Korean stocks alongside dollar buying for currency hedging purposes. The won weakened despite a

South Korea's three major shipbuilders face limited impact from recent concerns over LNG carrier demand and freight rates, according to industry analysis. Market worries emerged following revenue declines at French tank technology provider GTT and weakening spot freight rates. The shipbuilders'

NEAR Protocol is hosting a series of global hackathon meetups this November across four cities, inviting blockchain builders to connect and collaborate on projects. The events are scheduled in Chicago, Bolivia, Malaysia, and New York City. The initiative aims to foster community engagement and

NEAR Protocol announced hackathon tracks featuring 13 distinct categories aimed at encouraging innovative projects, with submissions closing on November 14. The initiative, shared via a tweet from @NEARProtocol, provides resources and copy-paste prompts for developers to facilitate project

Apple CEO John Turnus stated during an earnings conference call that memory semiconductor price increases driven by AI infrastructure buildout are at unprecedented levels and will continue. Turnus made the remarks following Apple's fiscal 2026 fourth quarter results announcement for the period

Anthropic, a US-based generative AI development company, plans to raise up to $3.5 billion in Japan through its initial public offering (IPO), according to a securities filing submitted to the Kanto Local Finance Bureau. If successful, this would represent the largest fundraising by a foreign compan

Key economic and cryptocurrency events are scheduled for Nov. 3 (Tuesday). The U.S. midterm elections begin at 9 a.m. Korea Standard Time, followed by the U.S. September JOLTS job openings and labor turnover report at 12 a.m. Korea Standard Time on Nov. 4. Japanese markets will be closed for

ON Semiconductor (NAS:ON) reported third-quarter earnings that exceeded Wall Street expectations on local time November 2, but the US power semiconductor company's stock experienced volatility in after-hours trading following the announcement of large-scale merger and acquisition activities. The com

US Stock Market News shows the S&P 500 has historically performed strongly following midterm elections. According to a CNBC analysis of S&P 500 returns after elections from 1980 through 2024, the index gained an average of 13.7% after midterms and 13.8% after presidential elections, with positive re

CNBC's Jim Cramer stated Monday that lower oil prices and Treasury yields are fueling a stock market rally across multiple sectors. Brent crude tumbled 7.63% Monday to close at $104.77 per barrel, sending the 10-year Treasury yield to its lowest level since Sept. 10. The decline prompted investors t

Clorox (NYS:CLX), a US household products company, reported first-quarter fiscal year 2027 results on US local time 2nd that exceeded Wall Street expectations despite cost pressures from rising raw material prices and logistics expenses. The company posted adjusted earnings per share of $1.55,

Alphabet (GOOG, GOOGL) experienced its worst trading day ever in US Stock Market News when shares fell 13% in one session after disappointing results in the company's recent earnings report, erasing $500 billion in market value (11:59 PM IST equivalent to Nov 2, 2026). The decline stemmed from

Brazilian cryptocurrency exchange Mercado Bitcoin experienced an outflow of approximately $48.5 million (around 70 billion KRW) in digital assets to external wallets on the 2nd (local time), according to blockchain analysis. Blockchain data firm Bitquery's on-chain investigation report revealed

South Korea's National Assembly Finance and Economy Committee is reviewing virtual asset taxation delay bills on November 3. Lawmakers Kim Jae-seop from the People Power Party and Park Min-gyu from the Democratic Party each proposed amendments to the Income Tax Act that would postpone the

Crypto.com will discontinue its consumer app service for retail investors in Hong Kong on Feb. 1, 2027, Bloomberg reported on Nov. 2. The company stated the decision aims to streamline global operations and concentrate resources on markets offering stable long-term growth opportunities. Crypto.com i

Trajectory, an AI startup founded by three Stanford classmates with experience at Google DeepMind and Apple, just announced it raised $45 million in a Series A funding round at a $300 million valuation. The round was led by Sequoia, with participation from Nvidia, Bessemer Venture Partners, and