Gate Cryptocurrency News and Market Analysis

Reddit (NYS:RDDT), the world's largest social news community, saw its stock price plummet on the 30th (New York market) amid concerns that artificial intelligence is creating a bleak environment where actual user clicks are declining. According to Yahoo Finance on the 31st (local time), structural c

President Donald Trump stated he would aggressively use veto power if Democrats win control of Congress in the midterm elections, according to a New York Post podcast interview partially aired on Fox News on November 1. Trump said Democrats would eventually negotiate after bills get vetoed for a

On Nov. 2 (Monday), key U.S. economic data releases include the October S&P Global Manufacturing PMI at 11:45 p.m. Korea Standard Time and the October ISM Manufacturing PMI at 12 a.m. Korea Standard Time on Nov. 3. Chicago Fed President Austan Goolsbee is scheduled to speak at 1:15 a.m. Korea Standa

Berkshire Hathaway's Alphabet stake value sharply declined from a peak of $40 billion in August to $29.6 billion, according to CNBC on November 1 (local time). The drop followed Alphabet stock's plunge amid AI bubble concerns. Berkshire first purchased Alphabet shares last year and added $10 billion

In US Stock Market News today, the S&P 500's Shiller P/E Ratio has reached exceptionally elevated levels not seen frequently in market history. As of October 26, the Shiller P/E Ratio (also known as the Cyclically Adjusted P/E Ratio or CAPE Ratio) closed at 40.66, representing 133% above its long-te

Three major US cryptocurrency industry political action committees spent approximately $170 million on midterm election campaigns, with the majority directed toward Republican candidates, CoinDesk reported on November 1. The spending surge reflects the industry's push to support pro-crypto

KMD experienced a 16.12% price surge in the past hour, climbing to $0.01262 as traders observed the sudden movement. The cryptocurrency rose from $0.01087 during this period, marking a significant bounce from its 24-hour low of $0.00858. This price action occurred as the broader cryptocurrency

Samsung Securities ranked first in Q3 cumulative IPO underwriting among Korean securities firms with 397.6 billion won in deal value and a 24.37% market share, narrowly leading NH Investment Securities (360.5 billion won, 22.10%) and Mirae Asset Securities. Samsung underwrote five IPO deals during t

GS corporation's Q3 operating profit is forecast to rise 48.08% year-over-year to 1.2892 trillion won, according to a consensus of 6 domestic securities firms compiled by Yonhap Infomax. Revenue is expected to reach 7.3828 trillion won, up 12.96% from the same period last year. The earnings growth i

KB Insurance and KB Life, insurance subsidiaries of KB Financial Group, recently established a private investment partnership as a subsidiary and expanded alternative investments to secure future growth drivers. KB Insurance invested 250 billion won and KB Life invested 75.6 billion won to

Crocs (NAS:CROX) stock surged more than 25% following a Q3 earnings surprise, with Wall Street analysts suggesting the rally may be just beginning. The global casual footwear brand reported Q3 adjusted earnings per share of $3.69 on local time day 1, up 26.4% year-over-year and exceeding the

South Korea's Financial Supervisory Service warned asset management companies on May 30 that ETF advertising regulation violations could result in fines reaching tens of billions of won. The warning came during a closed-door meeting on ETF and MMF system improvements, where the FSS cited

Kakao is projected to report Q3 operating profit growth of 15.01% year-over-year to 239.2 billion won, according to a survey of 12 securities firms, though revenue is forecast to decline 3.03% to 2.0234 trillion won amid slowing growth in its TalkBiz advertising and content businesses. Analysts

Crypto payment card providers are offering cash-back rewards of up to 20% and double-digit deposit yields to attract customers, CoinDesk reported November 1. The cost of these incentives is pushing some firms into unprofitability, with companies such as KAST and Bleap spending more on customer

US Stock Market News shows major indices poised for Monday's open after a sharp Friday decline. The Nasdaq suffered its largest one-day percentage drop since June 5, driven by disappointing quarterly results from Intel and Amazon (9:30 AM ET / 7:00 PM IST). Wall Street investors face several

AI and semiconductor stocks lost $5 trillion in market cap since October 6, with Wall Street analysts forecasting a post-midterm rally. Among 47 major AI and semiconductor stocks tracked by Yahoo Finance, NVIDIA and Alphabet each saw market cap declines of roughly $835 billion, while Intel lost

AI startup Anthropic filed its IPO prospectus on the 1st (local time), but analysis suggests the listing faces heightened challenges as core partners Microsoft, Google, and Amazon disclosed massive AI investments and deteriorating cash flows in subsequent quarterly earnings reports. According to

A 15-year study analyzing private equity fund acquisitions in South Korea found that PEF-acquired companies showed statistically significant higher employment growth rates compared to general firms, contrary to common perceptions that such acquisitions lead to job cuts. Han Sang-hoon of the

Wall Street experts predict AI investment outflows will continue following poor earnings reports from Amazon and Intel on the 30th local time. Intel shares plummeted nearly 30%, marking the company's worst single-day performance in approximately 50 years, as risk aversion sentiment intensified