Gate Cryptocurrency News and Market Analysis

British AI chip startup Fractile raised $720 million at a $7 billion valuation on November 11, attracting backing from Google-linked investors, BlackRock, and the UK government. The Series C round, co-led by Thrive Capital, Founders Fund, Lightspeed, and Redpoint, reflects intensifying competition t

Canaan launched a $20 million share repurchase on Tuesday, the first draw under a $100 million authorization its board approved on November 6. The Bitcoin mining hardware maker stated a portion of the buyback funds will come from selling crypto assets held on its balance sheet. The move follows a 96

OKXICE, a joint venture between global exchange OKX and the New York Stock Exchange's parent company, is launching a tokenized stock trading venue on November 23 despite objections from 67 companies including all members of the Magnificent Seven tech stocks. The launch follows the SEC's September in

Anthropic filed for an IPO on November 10 seeking to raise up to $64.35 billion at a valuation approaching $1.4 trillion. The Claude AI developer plans to offer 825 million Class A shares priced at $70 to $78 each, with a proposed Nasdaq listing under the ticker ANT, according to the SEC filing.

China’s State Taxation Administration announced on November 11, 2026, that the total value of declared overseas assets associated with trusts had exceeded 160 billion yuan, equivalent to about $24 billion. The tax campaign was launched after new regulations on cross-border asset management were issued in late July 2026. The move marks a turning point in the management of financial assets held by China’s ultra-wealthy, as tax authorities expand oversight of complex overseas ownership structures.

Tencent opened its Yuanbao Search web product to general users on November 11, providing an independent website at so.qq.com. Users can also set it as the default search engine in the latest version of QQ Browser. Previously, the service had been available to developers and enterprises through Tence

Chung Cheng Footwear (中傑-KY, ticker 6965) reported third-quarter 2026 operating profit of 5.51 million TWD, down 85.7% year-over-year, with net loss attributable to parent company owners of 36 million TWD and loss per share of 0.23 TWD. The decline resulted from weak terminal consumer demand and

Megawin Technology (3122-TW) reported a Q3 2026 gross margin of 32.5% on November 12, 2026, declining from 33% in Q2 and 36.5% in Q1—a 4-percentage-point drop from the year's peak. The company posted a Q3 net loss of NT$16.82

Phihong Technology (2457-TW) reported that phone and laptop power supplies accounted for only 9% of revenue in Q3 2026, down from 22% previously, while networking and telecom products reached 40% in the same quarter. The Taiwan-based power supply manufacturer actively reduced production of

Chung-Hsin Electric (ticker 2419-TW) reported Q3 consolidated revenue of 34.59 billion TWD on November 12, up 68% year-on-year from 20.55 billion TWD. Subsidiary Interactive (ticker 6486-TW) contributed 12.4 billion TWD of the 14.04 billion TWD increase, representing nearly 90% of total growth. Inte

Chien Chun Technology (4561-TW) derived 82% of its Q1-Q3 2026 revenue from China, totaling NT$747 million, while Taiwan contributed only 8% (NT$77 million), down 32% year-over-year, according to a November 12 report from UAnalyze. The concentration in China increased from 71% in 2024 to 74% in 2025

Shihlin Electric (2066-TW) reported Q3 earnings per share of 0.43 TWD, impacted by a delayed US tariff refund that reduced EPS by approximately 0.6 TWD. The company's nine-month cumulative EPS reached 3.37 TWD, surpassing the full-year 2025 figure of 1.34 TWD. The refund delay stems from a US tariff

Feihong Technology (2457-TW) reported third-quarter 2026 gross margin of 21%, down 4.4 percentage points year-over-year from 25.4%. The Taiwan stocks-listed power adapter manufacturer attributed the decline to consecutive price increases in copper, plastics, and MLCC raw materials. The company

Shihlin Electric (世德, ticker 2066-TW) reported on November 12, 2026 that its Michigan production facility has completed installation of 18 primary machines — comprising 8 parts forming machines, 4 nut forming machines, and 6 threading and assembly lines — with a quality laboratory under concurrent c

Jian Chun (4561-TW), a Taiwan-based spindle manufacturer, stated at its November 12 online investor conference that the company's order backlog extends to the first quarter of 2027, with order visibility exceeding one quarter as of the end of October. The company reported that order intake from

Phihong Technology (2457-TW) reported on November 12, 2026, that its low-orbit satellite business now accounts for over 10% of total revenue, with sales growing multiple times compared to 2025. The company supplies power units for ground receivers, which command higher unit prices than mass-market p

Microsoft's Power Platform Monitor now offers hourly alert rules for supported resources, with Public Preview in all commercial clouds by 11/20/26. IT and Operations teams can use these rules to watch apps, flows, and agents more closely than the default daily cycle allows. The rules evaluate hourly

Healthbanks Biotech (stock code 1784) board of directors approved a share buyback plan on 115/11/12 to purchase up to 600,000 common shares for transfer to employees, with a maximum expenditure of NT$682,060,000. The buyback aims to maintain shareholder rights and motivate employee morale,

Ripple CTO David Schwartz has called for a higher XRP price as the token trades near $1.10, stating that increased valuations could make the network more efficient for large payment volumes. Schwartz explained that higher prices would make liquidity more cost-effective while reducing slippage

Tron, Tether, and Chainalysis launched the Digital Crime Task Force to detect and disrupt illicit activity involving Tether's USDT on the Tron blockchain as criminals increasingly deploy artificial intelligence, according to The Block. The three companies plan to pool intelligence and coordinate