Gate Cryptocurrency News and Market Analysis

South Korea's Deputy Prime Minister and Finance Minister Lee Hyung-il stated on the 29th that the government will closely monitor risks to the government bond market from US midterm elections and French fiscal instability, and will carefully review November issuance volume. Lee chaired an expanded m

The criminal fraud case against Aiden Pleterski, who calls himself the “Crypto King,” entered the jury deliberation phase on October 29. According to CBC, the jury formally began deliberations that day after receiving the judge’s final instructions. Pleterski is accused of defrauding social media followers of more than $30 million through a Ponzi scheme involving digital assets between 2021 and 2022. Amount Involved and Timeline of Allegations: Alleged Fraud of More Than $30 Million Between 2021

Korea Hydro & Nuclear Power (KEPCO) ended construction contract negotiations with Daewoo Engineering & Construction and Doosan Enerbility for the Czech Dukovany nuclear power plant project on the morning of October 29. The announcement triggered immediate stock declines, with Daewoo E&C stocks

Samsung Electronics announced a 30 trillion won cash dividend for Q3, paying 4,601 won per share to both common and preferred stockholders. The company plans substantial treasury stock buybacks and cancellations from its remaining shareholder return funds of 55-75 trillion won, with active

The Federal Reserve (Fed) announced the FOMC interest rate decision on October 28, with the decision approved by a 10-2 vote and the federal funds target range held unchanged at 3.75%-4.00%. As this was a non-quarterly meeting, no dot plot or Summary of Economic Projections was released. Interest-rate-sensitive assets, including U.S. stocks, the dollar, and Bitcoin, saw significant volatility during the press conference; Bitcoin staged a V-shaped rebound on October 29, trading at $81,026 at pres

Gaon Cable, an LS Group subsidiary, secured a 120 billion KRW distribution cable supply contract with a global cloud company for AI data center projects in the US, the company announced on the 29th. The contract, facilitated through its US production subsidiary LSCUS, represents the largest single d

The US Federal Reserve held interest rates steady on 28일 (local time) after concluding a two-day Federal Open Market Committee (FOMC) meeting, with the vote passing 10-2. Experts assessed the pause as a reasonable move to evaluate the effects of prior rate increases, though multiple forecasts

West Texas Intermediate (WTI) crude oil prices declined as diplomatic negotiations between the United States and Iran gained momentum. December delivery WTI traded at $101.94 at 7:37 AM, down 0.82% from the previous day, according to Yonhap Infomax commodity futures data. The price movement

DFI cryptocurrency experienced a 16.12% price decline in 5 minutes, dropping to $0.000449. The sharp downturn was accompanied by notably low trading volume of $21.26, contributing to heightened volatility. The cryptocurrency market is currently exhibiting mixed signals with thin liquidity

Samsung Electronics reported third-quarter revenue of $141.1 billion and operating profit of $77.5 billion in a regulatory filing on October 29. The operating profit surged 783% from a year earlier, driven primarily by the semiconductor business. The Device Solutions division, which oversees chip op

MSG Sports completed the separation of its New York Knicks and New York Rangers franchises into independent publicly traded entities, with Guggenheim Securities issuing buy ratings for both stocks on May 28 local time. The investment bank set a $278 price target for MSG Rangers (MSGR),

Two Bank of Korea officials published research in Finance Research Letters showing that over 70% of the Korean won's depreciation in December 2024 stemmed from Korea-specific political risk following the martial law declaration. Kim Ji-hyun and Kim Min, both managers in the Bank of Korea's

Global crypto asset manager Bitwise raised its 2036 Bitcoin price target to $1.6 million (approximately ₩2.1 billion KRW) on local time the 28th, up from the previous forecast of $1.3 million (approximately ₩1.7 billion KRW). The revision stems from upward adjustments to projected market sizes for b

US Treasury Secretary Scott Bessent stated on October 28 (local time) during a CNBC interview that additional Federal Reserve interest rate hikes would "not necessarily" constitute a policy error. The remarks came hours after the Fed announced a rate hold at its October Federal Open Market

Stellar amplified a CoinDesk post at the recent Meridian 2026 event, highlighting remarks from Jordan Goldman about growing interest in the network's focus on real-world financial applications. Goldman's comments emphasized Stellar's commitment to practical blockchain uses, particularly in

XRP buying pressure on Binance reached a three-month high recently, according to analysis from CryptoQuant. The surge reflects growing trader interest in opening new positions on the exchange. CryptoQuant's data highlights increased market activity for the digital asset on one of the world's