Gate Cryptocurrency News and Market Analysis

People's Solidarity for Participatory Democracy (PSPD) criticized the South Korean government and Democratic Party of Korea on the 5th for pursuing a 2-year additional delay of digital asset income taxation, calling it a decision that undermines tax equity. The civic group issued a statement

Mexico's central bank (Banxico) cut its benchmark overnight interest rate target from 6.50% to 6.25% on local time 5th, marking a 25 basis point reduction. The decision represents the first rate cut after three consecutive holds and came as a surprise to markets, where 30 out of 36 respondents in a

Fubon Financial (2881) launched extended-hours US stock trading through Fubon Securities in Q4, enabling clients to place orders outside regular trading sessions. Pre-market hours run 16:00-21:30 or 17:00-22:30 Taiwan time, with after-hours trading from 04:00-06:00 or 05:00-07:00, currently

European stocks closed lower on Thursday, with the Stoxx 600 index declining 0.38% to 654.87 points, as technology and defense sectors led losses amid investor assessment of US midterm election results. The tech stock index fell 3.2% to a near two-month low, tracking sharp early declines on Wall

Qualcomm Technologies announced SpaceX selected its Qualcomm Dragonwing cellular infrastructure platform to build Starlink Mobile's ground-based 5G network covering the United States, with deployment starting in 2027. The multi-year partnership will construct tens of thousands of base station

Korean shipbuilders face potential order pipeline disruptions as Korean Investment & Securities released a report analyzing US midterm election impacts on the shipbuilding sector. The securities firm warned that strengthened environmental impact assessments and permit procedures for Gulf Coast LNG e

287 Taiwan-listed and over-the-counter (OTC) companies released revenue results as of the 5th, with 118 companies achieving record cumulative revenues through October, according to a report by China Times. Among the 118 companies with record revenues, 66 are listed stocks and 52 are OTC stocks.

KOSPI and the USD-KRW exchange rate have moved in the same direction on 17 out of 24 trading days since October, according to financial market data. The co-movement extended to 10 consecutive trading days starting late last month, marking an unusual departure from the traditional inverse

Bitcoin mining giant Core Scientific said at its November 5 third-quarter earnings call that it expects to complete the gradual shutdown of its mining business in the fourth quarter of 2026 and become a high-density hosting provider in 2027, having shifted its focus to AI and high-performance computing. Third-quarter bitcoin mining revenue was $17.5 million, just 7.5% of total revenue, while hosting services contributed $215.4 million. Exit timeline: Complete mining shutdown by the end of 2026,

Trump Media transferred 4259 BTC to cryptocurrency exchange Crypto.com on the 5th, according to blockchain analytics platform Arkham's on-chain data. The transfer, valued at approximately $343.67 million (around 460.6 billion won) at the time of transaction, came from two Trump Media-related

U.S. stocks saw an epic sell-off on November 5. The Nasdaq Composite fell 4.37% to 24,612.18, the S&P 500 fell 3.17% to 7,445.11, and the Dow Jones Industrial Average dropped 2.38%, losing around 1,269 points. AI and semiconductor stocks led the declines: AMD fell around 13.9% intraday, NVIDIA dropped nearly 7%, and Tesla shares fell around 10.3%. All three major indexes in the red intraday: Nasdaq down 4.37%, S&P down 3.17% According to CNBC intraday quotes (around 11:57 a.m. ET), the three maj

U.S. tech stocks and crypto assets weakened in tandem on November 5. Bitcoin and Ethereum again fell below key levels in the early hours of November 6: Bitcoin hit an intraday low below $76,000, while Ethereum dipped to around $2,200. CoinGlass data shows that approximately 198,931 traders were liquidated across the market over the past 24 hours, with total liquidations of about $1.033 billion, including roughly $923 million in long positions. 24-Hour Liquidation Breakdown: Long Positions Accoun

Cheng Tai Global (4441), a Taiwan-based garment manufacturer, reported October 2026 consolidated revenue of 6.05 billion TWD, bringing its January-October cumulative revenue to 68.37 billion TWD, an 8.08% increase compared to the same period last year. The company is scheduled to release its