Gate Cryptocurrency News and Market Analysis

FX swap points declined across most tenors on October 29 as upward pressure from month-end Korean won funding demand dissipated. The 1-year swap point closed at -14.60 won, unchanged from the opening price, while shorter-term tenors fell between 0.15 and 0.30 won. The decline followed the previous d

Bithumb's internal mobile work system was hacked on October 27, leaking several hundred cases of customer personal data, industry sources confirmed on October 29. The breach occurred when an unauthorized party made abnormal access attempts on the internal mobile system. Bithumb reported the

Bitwise raised its Bitcoin price target to $1.6 million by 2036, up from $1.3 million, according to a report published October 28. Chief Investment Officer Matt Hougan said the updated model points to stronger long-term growth driven by expanding institutional demand and a larger market for

Wendy's stock surged more than 15% on Oct. 28, after billionaire investor Nelson Peltz's Trian Fund Management submitted a $1.4 billion buyout proposal to take the fast-food chain private. The takeover bid came as Wendy's battles declining sales, rising costs, and tough competition in the

Google DeepMind released its new world model AI called Genie 4 on October 27 (local time) through its official website for research purposes. The AI generates virtual environments, music, dialogue, and sound effects in real-time based on user movements and text commands. World model AI represents an

Arco, a real-world asset infrastructure company, signed a strategic memorandum of understanding with t54 on October 29 to jointly develop an AI agent-based, security-enhanced enterprise RWA vault in the XRP Ledger ecosystem. The agreement aims to combine Arco's RWA operating infrastructure, Arco

KB Financial Group is considering presenting its annual shareholder return scale from early in the year, CFO Na Sang-rok stated during the Q3 earnings conference call held on October 29. The initiative aims to enhance investor predictability by maintaining promised return levels even amid market

The London Metal Exchange is exploring tokenization of metals stored in Hong Kong warehouses for financing purposes, Reuters reported on October 28 citing multiple sources. The initiative is linked to Hong Kong's strategy to develop into a commodities trading hub, as outlined in a five-year

Morningstar forecasts the Federal Reserve will raise rates one more time in December before pivoting to cuts starting in the second half of 2027, according to economist Preston Caldwell. The Fed held its federal funds rate target range at 3.75-4.00% at its May 28 meeting, with Chair Kevin Warsh

Hanwha Aerospace reported a 46% year-over-year decline in operating profit for the third quarter of 2024, announcing results on October 29 that fell significantly short of market expectations. The Korean defense contractor posted operating profit of 452 billion

UOS cryptocurrency surged 12.6% in five minutes, pushing the price to $0.002499. The rapid movement reflects increased trader interest, with the asset posting a 27.49% gain over 24 hours. Trading volume reached approximately $253,595 in the same period, indicating active positioning among market

Prosecutors raided Bithumb's headquarters in Seoul's Gangnam district on October 29 over allegations that current and former executives at the South Korean cryptocurrency exchange misused company housing support funds for personal purposes. The raid by the major crimes unit at the Seoul Southern

Doosan Enerbility reported Q3 operating profit of 2,612 billion won, a 90.6% year-over-year increase that surpassed analyst estimates of 2,530 billion won, according to a company disclosure. Revenue reached 4.4494 trillion won, up 14.7% year-over-year and in line with market expectations of 4.4631 t

OKX announced a shift toward onchain finance in a recent tweet stating 'From cash to code. New Money lives onchain.' The tweet received 141 likes and 14 retweets. OKX is a cryptocurrency exchange known for its focus on digital asset trading and emerging trends in the crypto space. OKX Tweet

JP Morgan posed a question to the crypto community about market participation, asking, 'What would make you sit out a market that everyone else is chasing?' The inquiry was highlighted by the CryptoTwitter handle @Bybit_Official. The engagement reflects concern over market dynamics and could

The Bank of Japan (BOJ) is expected to maintain its benchmark interest rate at 1.25% at its monetary policy meeting on the 30th, according to market forecasts reported by Investing.com on the 28th (local time). Despite persistent inflationary pressures in Japan, the central bank is anticipated to

In the early hours of October 29, 2026, Beijing time, the Federal Open Market Committee (FOMC) voted 10–2 to leave the target range for the federal funds rate unchanged at 3.75% to 4.00%. This was the Fed’s first decision to “pause and observe” since it began raising rates in September, following its first 25-bps hike in more than three years. Markets had already fully priced in the decision. What is truly worth unpacking is the information conveyed on two fronts: the internal tensions revealed

Ekaterina Andreeva, senior vice president of the National Association of Securities Market Participants of Russia (NAUFOR), announced plans to introduce evaluation criteria for cryptocurrency investors at Crypto Summit 2026 in Moscow on October 29. A draft of the criteria was completed and