Gate Cryptocurrency News and Market Analysis

BTIG warned on November 5 that persistent sector rotation in the US stock market is masking growing fragility beneath the surface, raising the risk of a broad selloff. The financial services firm said investors have been selling some stocks to buy others, but that rotation is not translating into a

Dropbox announced Thursday its acquisition of cloud technology company Tigris Data for $350 million, marking what appears to be its largest acquisition to date. The deal is expected to close in the fourth quarter of 2026 and aims to strengthen Dropbox's AI infrastructure capabilities, supporting the

Qualcomm stock slid 9% on Thursday after the chipmaker issued weak first-quarter guidance following its Q4 financial results released Wednesday. The company projected Q1 adjusted earnings between $2.15 and $2.35 per share, below analysts' estimates

XWC cryptocurrency experienced a 10.27% price decline in one hour, falling to $0.007067 as of 15:02 UTC. The drop occurred amid heightened selling pressure that pushed the price from $0.008 to its current level within 60 minutes. The decline reflects broader volatility in the crypto market, which

Ripple-backed Evernorth registered up to 73.7 million shares for potential resale in a recent SEC filing, raising concerns about additional selling pressure on its stocks. The registration fulfills existing contractual obligations from

Ethereum's entry queue has surpassed 20 days, according to a recent tweet from Lido. The delay affects stakers using delegated staking, who do not earn rewards until the queue clears. The extended wait times create challenges within the staking ecosystem, as participants must evaluate their

South Korea's Kospi and Kosdaq stock indices tumbled on Nov. 5 as concerns emerged over possible restrictions on artificial intelligence data-center construction following the U.S. midterm elections. The selloff reflected worries about potential impacts on semiconductor companies, which account

Decentralized artificial intelligence networks are seeking to build distributed computing infrastructure that uses smartphones as computing resources, according to a Cointelegraph report on Nov. 5. The approach aims to process AI workloads by linking the computing power of individual smartphones int

Bitcoin briefly fell below the $78,000 mark at 12:02 a.m. on November 6. As of that timestamp, Bitcoin was trading at $77,877 on Binance's Tether (USDT) market, down 2.06% from a day earlier. Bitcoin Trades at $77,877 on Binance USDT Market At 12:02 a.m. on November 6, Bitcoin was priced at $77,8

Big Tech hyperscalers posted significant gains in a post-election stock rally on Wednesday, with Microsoft rising 6.7%, Amazon gaining 6.1%, and Alphabet advancing 3.3%, while Oracle declined nearly 2% and AI infrastructure-related construction companies experienced sharp declines. The divergent per

BTRST surged 10.2% in five minutes, reaching $0.066657 as of 14:52 UTC, according to CoinGecko data. The rapid price movement reflects a daily gain of 28.28%, driven by strong buying interest and active market engagement with 24-hour trading volume of $266,675. The broader altcoin market is

Bitcoin is testing the $64,000 to $65,000 range following the midterm elections, as buyers attempt to regain control amid persistent selling pressure. Crypto commentator Ran Neuner noted this moment as potentially significant for market direction. The 200-day exponential moving average (EMA)

World Liberty Financial's WLFI token declined approximately 8% on November 5 as the Trump-linked cryptocurrency faced mounting pressure following the US midterm elections and escalating legal action from Tron founder Justin Sun. The decline followed Democratic victories in the November 3 midterm ele

The US Labor Department reported on November 5 that initial jobless claims totaled 189,000 last week, falling 8,000 below economists' forecast of 197,000 and 6,000 lower than the prior week's revised 195,000. The below-expectation figure reflects continued tightness in the labor market. Initial jobl

eToro agreed to acquire Argentine financial app LB Finanzas in a transaction announced on November 4, establishing Argentina as the Nasdaq-listed trading platform's regional hub for Latin American expansion. The acquisition adds a locally regulated platform combining equities, ETFs, crypto, money

RWA deposits surpassed $2 billion in October, according to data shared by Morpho. The milestone represents a 100% increase since June, with active loans growing 40% over 90 days. The growth reflects rising investor confidence in tokenized real-world assets, aligning with broader on-chain adoption

Hardware startup Aina released a smart ring today featuring a screen, joystick, and microphone designed for controlling AI agents and apps. The $399 device includes a speaker for taking calls and aims to serve as a controller for both AI and non-AI applications. Aina, which raised $5.5 million in