Gate Cryptocurrency News and Market Analysis

Dave Wehner, Meta's chief strategy officer, is leaving the company to join four-year-old AI startup Fireworks as CFO, he announced on X on Friday. Wehner cited his desire to return to a smaller company and his bullish outlook on Fireworks' technical talent and customer focus as reasons for the

The Bureau of Labor Statistics will release the October Consumer Price Index on November 10 at 8:30 a.m. Eastern Time, following October employment data showing 165,000 jobs added and unemployment falling to 4.1%. The stronger-than-expected jobs report pushed market-implied odds of a December

Sony reported a 45% surge in quarterly operating profit while Nintendo's earnings fell 16% during the July–September quarter, according to Sony's November 5 financial results. Sony's operating profit reached ¥622.3 billion ($3.95 billion), up from ¥429 billion a year earlier, while Nintendo reported

Aave Labs acquired the team and technology behind fixed-rate lending startup Avon, according to a November 6 announcement. The acquisition expands Aave's decentralized finance capabilities as the Aave network surpasses $33 billion in deposits and $13 billion in active loans. The deal includes Avon's

European Central Bank (ECB) President Christine Lagarde stated on November 7 (local time) that substantial changes in conditions would be required to alter the current monetary policy direction, while stopping short of committing to a December rate hike. In an interview published on the ECB

Google parent Alphabet disclosed a $548 million stake in Qualcomm stocks through its Google Ventures arm as of September 30. According to Alphabet's November 6 SEC filing, the company held 2.98 million Qualcomm shares valued at $547.9 million. The position originated from Qualcomm's acquisition of A

OpenAI Chief Financial Officer Sarah Friar stated on November 6 that the company will continue expanding its artificial intelligence infrastructure despite a $2.5 trillion stock-market selloff and growing opposition to data-center construction. Speaking during a CNBC interview, Friar defended OpenAI

Berkshire Hathaway repurchased $9.6 billion of its own shares during the third quarter, according to the company's November 7 earnings release, even as net income fell 28% to $22.11 billion from $30.80 billion a year earlier. The conglomerate's insurance underwriting earnings declined 43% to $1.35 b

Trump Media & Technology Group (DJT) stocks closed November 6 at $3.99, down 69.9% year-to-date in 2026, leaving outside investors with an estimated $2.2 billion in cumulative losses while President Donald Trump's ownership stake remains valued at approximately $460 million. The decline stems from l

The International Monetary Fund warned on November 6 that slowing artificial intelligence investment could complicate central banks' efforts to control inflation, as an earlier IMF downside scenario shows US economic output potentially falling 1.8% below expectations by 2028. IMF Managing Director

Taiwan's stock market fell below 40,000 points this week, dropping 5,510 points with a 12.1% decline to close at 39,701 points. Fubon Securities Investment Consulting stated the benchmark index may have reached a cyclical low, though individual stocks could see delayed bottoms by 1-3 days due to

Yongfeng Investment Advisory reported that Taiwan's stock market this week suffered a historic 5,510-point decline, the largest single-week point drop on record, falling 12.1% to close at 39,701 points and breaking below the 40,000-point

Nubank and Mercado Pago suspended cryptocurrency transfers on November 6 after problems involving external technology providers. Nubank restored deposits and withdrawals at 10 p.m. on Friday, while Mercado Pago had not publicly confirmed full service restoration in the latest November 7 reports.

CoreWeave's cost of protection against debt default surged above 1,200 basis points as investors questioned financial risks in artificial intelligence infrastructure, even as technology stocks staged a recovery. The AI cloud provider's five-year credit-default-swap spread reportedly exceeded 1,289 b

Microsoft stops renewing its Oracle AI computing capacity agreement, with sources disclosing on November 6 that older Nvidia GPUs no longer meet its requirements. The decision stems from the underlying hardware becoming less attractive for AI-powered workloads, despite remaining operational. The

CoreWeave stock closed Friday at $46.40, up 6.28%, as investors bought the AI infrastructure company one session after it hit a new 52-week low and four days before its third-quarter earnings report. The rebound followed a Thursday decline

Taiwan stocks experienced their darkest Black Friday last Friday, with the index plunging 5,510 points — a 12% decline — and breaking below the 40,000-point threshold, as foreign investors withdrew NT$524.4 billion from the centralized market in one week. The National Stabilization Fund announced

ProShares announced two leveraged exchange-traded funds tied to Anthropic on November 6, allowing investors to amplify bets on the AI company in either direction as its anticipated $1.5 trillion IPO faces growing uncertainty. The bullish fund (ANTU) targets 200% of Anthropic's daily stock return,