Gate Cryptocurrency News and Market Analysis

LG Electronics reported Q3 consolidated operating profit of 781.8 billion won, marking the first time cumulative operating profit for the period exceeded 4 trillion won, but the stock fell 10.11% to 209,000 won. The operating profit figure came in 17% below the market expectation of 941.7 billion wo

Bitcoin traded near $91,000 on Black Friday 2025 while United States online shoppers spent a record $11.8 billion, according to Adobe Analytics. The cryptocurrency had fallen about 17% from its early November price above $110,000, even as retail spending increased 9.1% from the previous year's $10.8

Open interest in on-chain perpetual futures tied to real-world assets reached $5.78 billion on October 7, marking a 25.6-times increase since the start of the year, according to DefiLlama data. The expansion followed the entry of at least 10 venues listing RWA perps, up from a single platform at the

Gold fell to its lowest level in about two months on Wednesday, dropping roughly 1.6% to $4,096 per ounce. China extended its gold purchasing streak to 23 consecutive months even as prices declined. The selloff occurred as the U.S. 10-year Treasury yield climbed above 5.3% — its highest in over two

Flutter Entertainment (FLUT) stock rose 0.12% to $76.35 on the 7th (local time) after Citigroup upgraded its rating to Buy. The stock gained $0.09 as of 10:09 AM local time. Citigroup raised its investment opinion on Flutter from 'Neutral' to 'Buy', citing excessive recent stock decline driven by

Solana blockchain network recorded a new high in development activity in September, with monthly active programs exceeding 8,400 as funded wallets increased 38.5% to 16.1 million and daily active stablecoin addresses rose 269% year-over-year to 888,000. The growth came as the network's application e

US Stocks fell on October 7 as oil prices and Treasury yields surged, pressuring investor sentiment across major indices. As of 9:40am local time, the Dow Jones Industrial Average dropped 461.09 points (0.89%) to 51,060.19, the S&P 500 declined 47.25 points (0.60%) to 7,771.68, and the Nasdaq

The US dollar strengthened on the 7th, with the dollar index (DXY) rising 0.515% to 102.374 as of 7:51 AM Eastern Time, according to Yonhap Infomax. The currency's advance was driven by surging international oil prices and climbing US Treasury yields. The euro fell

D.A. Davidson raised its price target for Micron Technology (MU) to $3,000 on 7일 (현지시간), a 43% increase from $2,100. This represents 187% upside from the prior close. Analyst Gil Luria attributed the upgrade to AI-driven memory

Citi raised its AMD stock price target to $800 from $575 on 6 October, while Mizuho moved to $705 from $580 and Stifel set a $700 target. The upgrades followed Advanced Micro Devices closing at $649.42, up $17.67 or 2.80%, at a record high. Citi analyst Atif Malik cited expectations that the CPU

US exchange-traded funds reached a record $1.5 trillion in annual flows as of the end of September 2026, according to analyst James Seyffart. Seyffart projects total flows will approach $2.1 trillion by year-end, driven by December's historically strong performance for ETF activity. The surge

Sky Protocol became the first stablecoin protocol to receive a credit rating from Moody's Ratings, as reported by crypto commentator @SkyEcosystem. The rating provides institutional investors with a framework to assess the protocol's financial health and governance. Sky Protocol operates within the

Bitcoin dropped below $83,000 on October 7, trading at $82,842.95 as of 10:48 p.m. in South Korea according to CoinMarketCap data. The cryptocurrency declined 4.04% from the previous day and 2.1% from a week earlier. Bitcoin Price Metrics and Kimchi Premium Data CoinMarketCap recorded Bitcoin at

New England Asset Management (NEAM), a subsidiary of Warren Buffett's Berkshire Hathaway, sold 97% of its Broadcom shares and 48% of its Alphabet Class A holdings in Q2, according to Motley Fool analysis. The asset manager redirected capital into S&P 500 index-tracking ETFs, allocating over $149

South Korea's Financial Services Commission announced that the second National Growth Fund sold 330.16 billion won in its first five days through the 7th, reaching 55% of its 600 billion won target. The fund enables retail investors to access AI, semiconductor, biotech, secondary battery,

Bitcoin has failed to break through the $87,200 price level for the fourth time since September 21, according to analysis by cryptocurrency exchange KuCoin. The repeated resistance tests occur as traders monitor Federal Open Market Committee (FOMC) minutes and upcoming Consumer Price Index (CPI)

U.S. 30-year fixed mortgage rates reached 7.49% in the week ended Oct. 2, marking the highest level since November 2023, according to the Mortgage Bankers Association's Weekly Applications Survey. The rate increased 19 basis points that week, driven by rising long-term Treasury yields as investors p

SpaceX is seeking to raise approximately $40 billion to purchase Nvidia chips for AI infrastructure, according to the Financial Times. The financing package includes roughly $10 billion through bank loans and another $30 billion through investment-grade debt. Apollo Global Management is expected to

Crypto trader @frogmanhaha reported losing over $4 million in a theft incident that occurred at 4:30 AM while the trader was asleep during the TOKEN2049 conference in Singapore. The loss was attributed to a security breach, though the specific mechanism of the theft remains unclear. The incident