Gate Cryptocurrency News and Market Analysis

Bitcoin fell below $77,000 on Nov. 3 as a rout in US technology stocks and caution ahead of midterm elections weighed on risk assets. The cryptocurrency dropped about 2% in morning trading in Asia, slipping beneath the roughly $77,600 level reached on Nov. 1 and giving back all of the previous day's

The Ethereum Foundation is collaborating with humanitarian organizations to build an aid coordination network using decentralized identity and private payment rails on the Ethereum blockchain. The initiative aims to improve aid delivery efficiency and enhance transparency in humanitarian efforts. Th

Twelve U.S. spot Bitcoin exchange-traded funds recorded $398.6 million in net outflows on Nov. 2, according to Farside Investors data. The outflows marked a second consecutive trading day of negative net flows for the products. BlackRock's iShares Bitcoin Trust led the exodus with $405.3 million in

South Korea's Ministry of Finance and Economy allocated 2 trillion won in 30-year government bonds at a yield of 4.070% on November 3, with Seoul bond market participants characterizing the auction as strong. The bid-to-cover ratio reached 196.8% as total bids amounted to 3.936 trillion won,

Korea Deposit Insurance Corporation (KDIC) President Kim Sung-sik launched the Financial Contract Holder Protection Committee on the morning of November 3, stating the organization will continuously reflect financial contract holder

South Korea's National Assembly Finance and Economy Planning Committee held a public hearing on the 3rd to debate the establishment of the Future Response Fund, sparking intense disagreement among lawmakers and experts over the fund's appropriateness. Supporters argue the fund is necessary to

CFTC Chair Michael Selig called for U.S. regulation of offshore cryptocurrency exchanges in a recent interview following the Binance hack. Selig stated the incident underscores significant gaps in protections typically found in U.S. financial markets and proposed an optional federal registration

Solflare, a wallet on the Solana network, has implemented stricter security measures following recent incidents in the crypto industry. Co-founder Vidor announced that the team is restricting access controls and adding multi-layer approval processes to safeguard user assets. The measures respond to

International gold prices held steady near $3,950 an ounce on November 3 after rebounding on hopes for peace negotiations between the US and Iran. Spot gold traded at $3,944.23 an ounce as of 10:22 a.m. Singapore time, little changed from the previous session, according to Bloomberg. The rebound

Marvell Technology agreed to acquire optical-components maker Lumentum Holdings Inc. in an all-stock transaction valued at approximately $115 billion including debt, Bloomberg reported on November 2. Nvidia Chief Executive Officer Jensen Huang voiced support for the merger after Marvell CEO Matt

VPBankS Announces Wealth Management Strategy for 2026 and Beyond VPBankS announced a wealth strategy for 2026 and beyond, aiming to provide customers with more comprehensive asset management services. The strategy comes amid rising demand for professional wealth management in Vietnam, particularly among affluent customers. At an investor meeting and Q3 2026 business update, Nhâm Hà Hải, CEO of VPBank Securities JSC (VPBankS; HoSE: VPX), said the company is focused on implementing this strategy t

Maria Cristina 'Ginbee' Go will take the helm of Bank of the Philippine Islands (BPI) on April 26, 2027, inheriting a P3.9 trillion asset franchise from outgoing president Jose Teodoro 'TG' Limcaoco at a moment when cumulative provisions surged 69.2% to P19.9 billion across the first nine months of

The 19 wallets holding 18,270.2 Bitcoin from the Binance hack have remained untouched; at approximately $77,220 per bitcoin on November 3, they are worth about $1.41 billion. According to BlockTempo, these wallets have received 77 small transfers and 59 OPRETURN messages over the past few days. The senders include people asking for money, token promoters, and even someone urging the hackers not to return the funds to Binance. Binance Hacker’s 19 Wallets Sit Idle with 18,270 BTC, Receive 77 Trans

A Mexico City council member has proposed amending the law to punish unauthorized electricity use for cryptocurrency mining with 5–12 years in prison, fines of 1,000–3,000 UMA, and confiscation of mining equipment. If offenders illegally tap high-voltage lines, cause major power outages, or conceal data centers, the maximum sentence would rise to 18 years. The bill must be reviewed by the Mexico City legislature and go through federal procedures; legal mining would not be affected.

Gotchi Labs announced on Nov. 3 that it will add a personalized product discovery feature to its sleep and wellness app Sleepagotchi. The consumer AI platform plans to combine product search with its existing AI sleep coach and later expand the service into commerce by adding comparison and

Blockchain financial infrastructure company KiiChain announced a partnership with Hecto Financial on November 3 to expand into Asia. KiiChain plans to link its Latin America payment and settlement network with Hecto Financial's financial network and pursue support for won-denominated transactions.

Binance plans to begin the second phase of cryptocurrency withdrawals at 04:00 UTC on Nov. 4, following the initial reopening on Nov. 1. Binance said withdrawals will gradually resume for all assets as security and readiness work is completed, while deposits remain available. According to DefiLlama data, net outflows fell to $2.57 billion on Monday, a significant slowdown from $6.1 billion on Sunday. Binance Sets Second-Phase Withdrawals for Nov. 4, Gradually Resuming Across 9 Networks Including

Robin Brooks, senior fellow at the Brookings Institution, argued on November 2 (local time) that Federal Reserve Chair Kevin Warsh's shifting policy signals reflect a focus on managing US Treasury yields rather than inflation. Brooks stated in a Substack post that Warsh prioritizes long-term Treasur