Gate Cryptocurrency News and Market Analysis

Binance Chief Financial Officer Kaiser Ng is leaving the cryptocurrency exchange, with former Airwallex executive Justin Yek appointed as his successor. The leadership change was announced on November 7 by Binance co-CEO Yi He, nine days after the company suffered a $6.3 billion security breach on O

Senator Richard Blumenthal's Permanent Subcommittee on Investigations opened an inquiry into President Donald Trump's crypto businesses, sending letters dated Nov. 5 to World Liberty Financial, Fight LLC (the company behind the $TRUMP memecoin), Binance, Tether, and donors who funded the White

Ethereum co-founder Vitalik Buterin challenged one of the cryptocurrency's most prominent investment narratives on November 8, arguing that transaction-fee burning was never as reliable a foundation for ETH's valuation as many investors believed. In a statement on X, Buterin said Ethereum should

Ethereum traded near $2,230-$2,240 on November 8 as the cryptocurrency struggled to build recovery momentum. The consolidation followed substantial ETF withdrawals that raised concerns about whether buyers could absorb selling pressure without stronger institutional demand. US-listed Ethereum ETFs r

Binance co-founder Changpeng Zhao warned cryptocurrency wallet users relying on social login features about a security issue at Web3Auth, according to a Cointelegraph report on November 8. The warning targets users who access crypto wallets through social accounts. Web3Auth provides wallet

Bitcoin traded near $76,000 on November 8, struggling to recover after last week's selloff as investors awaited a US inflation report. The cryptocurrency's immediate challenge is whether it can defend the $75,000 area before the November 10 inflation release, or whether another increase in Federal

Alphabet increased its SpaceX holding by approximately 3.85 million shares during the third quarter, bringing its position to 555 million shares, according to a Form 13F filed with the U.S. Securities and Exchange Commission on November 6. At the November 5 closing price of $123.62, the holding

Yankee Engineering (6691) reported a record order backlog of NT$57.1 billion as of September, with visibility extending to 2028. The company's third-quarter net profit reached NT$1.745 billion, up 137.3% year-over-year, with earnings per share of NT$13.16. The growth is driven by global AI

Foreign capital has selectively purchased shares of China Airlines, AUO, and Chang Hwa Bank among ten stocks during a seven-day selling streak that has seen cumulative net sales reach NT$7,056 billion in Taiwan's stock market. The buying activity occurs as the New Taiwan dollar continues to

Nvidia CEO Jensen Huang faces bipartisan congressional scrutiny over his alleged relationship with a suspected Chinese spy, with lawmakers demanding investigations and questioning Trump administration knowledge of the matter. Three House Republican committee chairs sent a letter to Huang on

Ripple Director of Engineering Vijay Khanna confirmed on November 8 that the company has significant performance improvements planned for the XRP Ledger in 2027. The announcement, made via an X post, raises questions about whether XRPL's existing infrastructure can handle the demands of

Generative artificial intelligence technology has reached 3.24 billion global active users, equivalent to 38.9 percent of the world's total population. According to the Digital 2027 Global Overview Report compiled by We Are Social and Meltwater, this figure represents more than one in three people worldwide who have used generative AI services each month. The development of AI technology signals a significant shift in how people access information and carry out everyday activities, with adoption

The Bitcoin network recorded an unusual timestamp sequence on November 7 when block 974,988 carried a timestamp of 21:19:02 UTC, more than three minutes earlier than its parent block 974,987, which was stamped 21:22:24 UTC. Alex Thorn, head of research at Galaxy Digital, flagged the anomaly within m

Institutional investors bought 14 Taiwan stocks last week as the broader market plunged 5,510 points, a 12.1% decline that pushed the index below 40,000. Chuanhu (2059), Chunghwa Telecom, and EVA Air led the buying list, with domestic and foreign institutions accumulating shares across these

Yun Jin (stock code 2069), a Taiwan-based materials supplier, reported third-quarter 2024 net profit of NT$128 million, representing a 103% year-over-year increase, as its subsidiary Ningbo Qiyi began supplying titanium materials for Apple's first foldable iPhone, the iPhone Duo. The profit surge wa

Empowa, a housing finance company operating on the Cardano blockchain, achieved a 99% on-time rent payment rate across its active housing portfolio. The company's rent-to-own model addresses the lack of traditional mortgage access for low-income families in Africa by recording payments on Cardano's

Apple and Meta Platforms joined the objection list for OKX-ICE's planned tokenized stock venue in a Nov. 5 notice, completing a sweep by all seven "Magnificent Seven" tech giants who have now opted out of the platform. The updated notice dated Thursday brought the total number of objecting

Nebius (NBIS) closed Friday 6 November at $129.49, up 7.58 percent, recovering less than half of Thursday's 14.94 percent fall to $120.37. The AI cloud company reports third-quarter results on Thursday 12 November before the US open. Wall Street expects about $907 million of revenue, 56 percent

Institutional investors in Taiwan purchased six bond ETFs and three inverse ETFs last week as Taiwan stocks fell 12.1%, dropping 5,510 points to close at 39,701. The top institutional ETF purchase was Yuanta Taiwan 50 Inverse (00632R) with 547,000 shares, followed by Capital ESG Investment Grade