Gate Cryptocurrency News and Market Analysis

Binance announced on Oct. 29 that it will resume withdrawal services within 48 hours following a security incident. The exchange suspended withdrawals to overhaul security systems related to withdrawal services and associated addresses, while deposit services continue operating normally. The inciden

Naver announced a global AI factory project in partnership with Brookfield and NVIDIA, with plans to build 100MW AI computing infrastructure by 2027 and 200MW by 2028. Korea Ratings assessed on October 30 that Naver can expand cash generation capacity without large initial investment burden, as Broo

US spot Bitcoin exchange-traded funds recorded $17.07 million in net inflows on Oct. 29, extending their streak to four consecutive trading sessions, according to data from SoSoValue. Four products attracted capital while two posted outflows and six saw no net movement. The sustained inflow

Israel's election on the 27th (local time) resulted in no party securing a majority in the 120-seat parliament, with Prime Minister Benjamin Netanyahu's right-wing coalition winning 53 seats and the opposition bloc led by former Chief of Staff Gadi Eisenkot securing 48 seats. Arab parties achieved a

Hyundai Engineering & Construction (Hyundai E&C) disclosed on the 30th that its third-quarter operating profit slightly exceeded market expectations despite a 20.3% year-over-year revenue decline. The company reported Q3 revenue of 6.2406 trillion won and operating profit of 221.7 billion won,

Korea Investment Corporation (KIC) Operating Committee Chairman Cho Seong-ik and Tokyo Branch Manager Lee Chang-ho participated in Japan Week Core Week investor relations events held in Marunouchi, Tokyo's financial district, on the 28th. Chairman Cho met with Yonhap Infomax in Tokyo on the 30th and

Global institutional investors gathered at Tokyo's Japan Week IR event on the 30th expressed increasingly negative views on data center investments amid profitability concerns surrounding the AI theme. The sentiment shift marks a departure from past high valuations, with high-value transactions

Fed Chair Kevin Warsh's assertion that artificial intelligence investment is sensitive to interest rates has drawn rebuttals from prominent investors and economists. Last month, Pershing Square CEO Bill Ackman expressed skepticism on social media platform X, arguing that demand for intelligence and

Elon Musk stated on X on Oct. 29 that superintelligent artificial intelligence could one day target cryptocurrencies for itself, commenting on the Binance hack. Musk replied to a post describing how the attacker deposited stolen Tether (USDT) into the lending protocol Aave as collateral and

Quack AI, an AI agent infrastructure company, announced on Oct. 30 the expansion of treasury-management functions built on its Q402 payment protocol. The move aims to enable AI agents to handle payments, stablecoin deployment, recurring payouts and conditional settlement under user-defined rules. Th

South Korea's National Security Advisor Wi Sung-rak stated on the morning of the 30th that South Korea will continue participating in international efforts to support Ukraine, despite diplomatic tensions with Ukraine over the repatriation of North Korean prisoners of war. Wi emphasized that while

On October 29, 2026, Eli Lilly (LLY) rose against the trend on a day when Tech Stocks broadly came under pressure, closing up 6.63% at $1,373.70. It reached an intraday high of $1,408.38, setting a new all-time high, and its market capitalization topped $1.3 trillion, making it the first pharmaceutical company in the world to surpass that threshold. A gain of more than 6% in a single day is notable for any trillion-dollar company, but the more important question to unpack is what specific inform

South Korea's National Security Advisor Wi Sung-lac stated on October 30 that he expects substantial progress on the transfer of wartime operational control (OPCON) at the December ROK-US defense ministers meeting and the Security Consultative Meeting (SCM) scheduled for early next year. Wi

Samsung Electronics announced a shareholder return plan of up to 110 trillion won ($79.3 billion) on October 30, with specifics due in late January 2027. The plan includes 30 trillion won in cash dividends for the third quarter. The announcement follows record earnings driven by a recovery in high-b

San Francisco Federal Reserve economist Adam Shapiro reported that the Inflation Shock Momentum Index showed negative momentum for the fifth consecutive month following the September Personal Consumption Expenditures price index release on the 29th. Shapiro stated this demonstrates continued

APR [278470], a South Korean beauty company, reported a Q3 2026 operating profit of 1,606 billion won, marking a 68.95% year-over-year increase but falling short of market expectations due to won appreciation. The sharp decline in the exchange rate reduced won-denominated profitability compared to t