Gate Cryptocurrency News and Market Analysis

PNC Bank and cryptocurrency exchange Coinbase are piloting a stablecoin payments service allowing corporate and institutional clients to receive payments in USDC, the dollar-pegged stablecoin, The Block reported on November 9. The service will automatically convert USDC payments into U.S. dollars at

Oil prices plunged on November 9 as expectations grew for US-Iran negotiations following conciliatory remarks by US President Donald Trump. West Texas Intermediate (WTI) crude for December delivery fell $3.98 (4.38%) to close at $86.85 per barrel on the New York Mercantile Exchange, while Brent crud

Mercado Bitcoin restored read-only account access on November 9, one week after a November 2 security breach drained an estimated $48.6 million across multiple blockchains, but customers still cannot trade, deposit or withdraw funds. The Brazilian crypto platform is reopening accounts

Bullish (NYSE: BLSH) received a $42 price target from StoneX Financial on November 9 as its pending $4.2 billion Equiniti acquisition could transform tokenized stocks trading. Analyst Mark Palmer initiated coverage with a Buy rating, citing Equiniti's relationships with nearly 3,000 public-company i

Perpetual futures tracking major Korean stocks recorded significant gains on overseas digital asset exchanges between November 9, 4 PM and November 10, 7 AM. EWY, an ETF tracking large-cap Korean stocks including Samsung Electronics and SK Hynix, rose 6.68% on Binance and 6.71% on Hyperliquid

SharpLink, a corporate Ethereum treasury company, reported third-quarter net income of $751.4 million on Nov. 9, marking a significant increase from $104.3 million in the same period a year earlier. The surge was driven primarily by $676.7 million in unrealized valuation gains on its Ethereum

Qisda Corporation announced on November 9 that its AI server revenue will grow more than five times next year compared to this year, with 1.6T high-speed switches set to begin small-volume shipments by year-end. Chairman Chen Chi-hong stated at the company's investor conference that AI servers are e

Foreign investors maintained extreme defensive positioning in Taiwan stocks on November 9 despite a strong 1,960-point rally that pushed the index to 41,661 points. The positioning divergence intensified as foreign investors sold NT$90.05 billion in the cash market while futures net short

Coinbase received unconditional approval from the Office of the Comptroller of the Currency (OCC) to operate under a federal national trust bank charter, the company announced Monday. The approval allows the largest U.S. cryptocurrency exchange to shift from state-level licenses to a single federal

Oracle canceled a $7 billion artificial intelligence computing agreement with Chinese technology company Tencent after US officials raised national security concerns, according to a November 4 investigation. The cancellation followed US government pressure over potential Chinese access to advanced

Skydance outlined its plan to achieve at least $6 billion in cost savings over the next three years in a shareholder letter released Monday alongside Paramount Skydance's third-quarter earnings. The savings target stems from combining Paramount and Warner Bros. Discovery operations across

Tokenization platform Securitize reported third quarter growth with tokenized assets reaching $4.8 billion and revenue of $11.5 million, while announcing the acquisition of institutional asset-backed financing platform River One and a $50 million share buyback authorization. The Miami-based

President Lee Jae-myung and South Korea's National Assembly are debating mandatory tender offer regulations for stock market acquisitions, with a 'proportional tender offer' model emerging as a compromise between the assembly's '50%+1 share' proposal and investor calls for 100% acquisition

AI data center developers are purchasing used gas turbines and retired jet engines as new power equipment now takes an average of six years to deliver in the United States, according to energy consultancy Wood Mackenzie. Delivery discussions are already focused on 2030 and 2031, a timeline that

Lucid Group missed Wall Street's third-quarter earnings expectations as the electric vehicle maker continues an operational reset aimed at cutting costs and narrowing losses. The company on Monday also announced a $1.75 billion increase in a delayed draw term loan from Saudi Arabia's Public

MSCI will announce its latest weight adjustment on Thursday (12th), with Taiwan stocks weight expected to rise due to increased Asia-Pacific market cap share, potentially bringing NT$300 billion in foreign capital inflows. Institutional investors predict 10 stocks including Kinsus, FPCC, AUO, and

The Children's Place filed chapter 11 bankruptcy protection Sunday, the children's clothing retailer announced. The company is seeking to sell substantially all of its assets, with offers from potential buyers due by Dec. 9 and a goal to close a deal by the end of December. The retailer's

PepsiCo is cutting about 1,000 jobs across North America over the next week, according to a Monday letter to employees from Ram Krishnan, CEO of PepsiCo North America. The layoffs aim to streamline operations and better connect teams as the company tries to turn around lagging sales in its home

President Donald Trump said on November 9 that Qatar and Saudi Arabia want the dispute with Iran resolved peacefully, while stressing that the United States is prepared to launch military strikes on Iran if necessary. Trump made the remarks after talks with Qatar's leader, according to Reuters. "Qat