Gate Cryptocurrency News and Market Analysis

Yankee Engineering (6691) reported a record order backlog of NT$57.1 billion as of September, with visibility extending to 2028. The company's third-quarter net profit reached NT$1.745 billion, up 137.3% year-over-year, with earnings per share of NT$13.16. The growth is driven by global AI

Foreign capital has selectively purchased shares of China Airlines, AUO, and Chang Hwa Bank among ten stocks during a seven-day selling streak that has seen cumulative net sales reach NT$7,056 billion in Taiwan's stock market. The buying activity occurs as the New Taiwan dollar continues to

Nvidia CEO Jensen Huang faces bipartisan congressional scrutiny over his alleged relationship with a suspected Chinese spy, with lawmakers demanding investigations and questioning Trump administration knowledge of the matter. Three House Republican committee chairs sent a letter to Huang on

Ripple Director of Engineering Vijay Khanna confirmed on November 8 that the company has significant performance improvements planned for the XRP Ledger in 2027. The announcement, made via an X post, raises questions about whether XRPL's existing infrastructure can handle the demands of

Generative artificial intelligence technology has reached 3.24 billion global active users, equivalent to 38.9 percent of the world's total population. According to the Digital 2027 Global Overview Report compiled by We Are Social and Meltwater, this figure represents more than one in three people worldwide who have used generative AI services each month. The development of AI technology signals a significant shift in how people access information and carry out everyday activities, with adoption

The Bitcoin network recorded an unusual timestamp sequence on November 7 when block 974,988 carried a timestamp of 21:19:02 UTC, more than three minutes earlier than its parent block 974,987, which was stamped 21:22:24 UTC. Alex Thorn, head of research at Galaxy Digital, flagged the anomaly within m

Institutional investors bought 14 Taiwan stocks last week as the broader market plunged 5,510 points, a 12.1% decline that pushed the index below 40,000. Chuanhu (2059), Chunghwa Telecom, and EVA Air led the buying list, with domestic and foreign institutions accumulating shares across these

Yun Jin (stock code 2069), a Taiwan-based materials supplier, reported third-quarter 2024 net profit of NT$128 million, representing a 103% year-over-year increase, as its subsidiary Ningbo Qiyi began supplying titanium materials for Apple's first foldable iPhone, the iPhone Duo. The profit surge wa

Empowa, a housing finance company operating on the Cardano blockchain, achieved a 99% on-time rent payment rate across its active housing portfolio. The company's rent-to-own model addresses the lack of traditional mortgage access for low-income families in Africa by recording payments on Cardano's

Apple and Meta Platforms joined the objection list for OKX-ICE's planned tokenized stock venue in a Nov. 5 notice, completing a sweep by all seven "Magnificent Seven" tech giants who have now opted out of the platform. The updated notice dated Thursday brought the total number of objecting

Nebius (NBIS) closed Friday 6 November at $129.49, up 7.58 percent, recovering less than half of Thursday's 14.94 percent fall to $120.37. The AI cloud company reports third-quarter results on Thursday 12 November before the US open. Wall Street expects about $907 million of revenue, 56 percent

Institutional investors in Taiwan purchased six bond ETFs and three inverse ETFs last week as Taiwan stocks fell 12.1%, dropping 5,510 points to close at 39,701. The top institutional ETF purchase was Yuanta Taiwan 50 Inverse (00632R) with 547,000 shares, followed by Capital ESG Investment Grade

ASUS (2357) and Acer (2353) delivered strong financial results as edge AI technology matured and global commercial device replacement cycles began, with both Taiwan stocks showing resilience during last week's market decline. ASUS benefited from AI server shipments doubling and robust sales of

Shubh Varma, chief executive and cofounder of Hyblock Capital, stated on November 8 that the classic altcoin season is not returning. Varma's benchmark defines an altcoin season as occurring when roughly 75 percent of 100 tracked altcoins outperform Bitcoin over a sustained period, a threshold that

Yemen's Houthi rebels claimed on the 8th (local time) that they targeted King Khalid International Airport, Aramco oil storage tanks, and a financial center in Riyadh, Saudi Arabia's capital. Houthi military spokesperson Yahya Saree stated the group conducted four special military operations using b

Binance will close affected European customer accounts on December 31, 2026, and implement a monthly maintenance fee starting November 29 for any remaining crypto balances. The crypto exchange announced a 0.025% monthly charge with a 10 USDC minimum, whichever amount is higher, affecting users in

Nvidia and AMD staged partial recoveries Friday, with Nvidia gaining 2.78% to $186.64 and AMD jumping 11.04% to $449.04, following brutal losses Thursday when Nvidia plunged 9.3% and AMD collapsed 17.3%. The selloff spread across Asian markets, with South Korea's KOSPI losing 6% Friday and Taiwan's

Billy Markus, cofounder of Dogecoin, posted on X on November 8 under his alias Shibetoshi Nakamoto that approximately 50% of the dogs he sees in Japan are Shiba Inus, adding 'i love japan.' The observation stems from Markus's personal experience walking Japanese streets and carries symbolic weight g

President Donald Trump claimed an election result eliminated $3 trillion from US stock market value in a single day, cryptocurrency media outlet Cointelegraph reported on November 8. Trump attributed the stock-market decline to the election result but provided no specific market data to support the