Gate Cryptocurrency News and Market Analysis

Morgan Stanley downgraded Brazilian stocks to neutral on the 26th (local time), following President Luiz Inácio Lula da Silva's reelection. The US investment bank cited concerns over fiscal spending expansion under the Lula administration as the reason for the downgrade. Morgan Stanley's

Samsung Card reported a net profit of 1,398 billion won for Q3, announced on the 27th, representing a 13.5% decline from 1,617 billion won in the same period last year. The decrease was primarily driven by increased financial costs from higher borrowing volumes and interest rates, combined with

Mark Zandi, chief economist at Moody's Analytics, stated on the 26th (local time) via X (formerly Twitter) that additional interest rate hikes by the Federal Reserve would be a mistake, as rising US bond yields are already tightening financial conditions. Zandi pointed to 10-year Treasury yields

South Korea's Democratic Party is reviewing ways to revise the virtual-asset tax regime, including a further delay, ahead of its scheduled implementation in January next year. Floor leader Han Byung-do told a strategy meeting on the National Assembly's state audit on October 27 that the party

SK Securities researcher Kang Dae-seung stated in a strategic commentary report on October 27 that computing power demand remains unshaken despite growing uncertainty over AI investment sustainability in global stock markets. The analysis responded to market concerns triggered by CoreWeave bonds tra

Samsung Life Insurance issued $1.5 billion in 30-year subordinated capital securities at a final interest rate of 6.875%, the company announced on the 27th. The issuance represents the largest overseas bond offering in Korean insurance industry history. Despite heightened global financial market unc

UBS upgraded its investment rating on Ross Stores (NASDAQ: ROST), a leading US discount retailer, from Neutral to Buy on the 26th (US local time), while raising its price target from $239 to $315. According to CNBC, UBS analyst Jay Sole stated in a client note that the key question for Ross Stores i

Dunamu, the operator of cryptocurrency exchange Upbit, announced on Oct. 27 that it received a presidential commendation for its contributions to disaster recovery and humanitarian aid. The award was presented at a ceremony marking the 121st anniversary of the Korean Red Cross, held the previous

Daewoo E&C reported Q3 operating profit of 183.2 billion won, exceeding market expectations, according to a disclosure on the 27th. The 223.7% year-over-year increase came as the company focused on profitability improvement through disciplined management, achieving a cumulative operating margin of 1

The Buffett Indicator, a key valuation metric that divides the total value of U.S. stocks by U.S. GDP, is currently at 234% as of Oct. 23, sitting near its highest level ever according to US Stock Market News today. Warren Buffett first mentioned what became known as the Buffett Indicator in 2001, a

South Korea's Financial Supervisory Service requested Mirae Asset Securities submit executives responsible for specific duties during its investigation into the SpaceX zero-share allocation incident, with the follow-up inspection concluding on the 22nd of this month. Chairman Park Hyun-joo was

CoreWeave (NAS:CRWV) closed at $55.19 on the 26th, up 1.76%, rebounding from its lowest close since May 2025 recorded on the 23rd, but the company's credit default swap (CDS) rates remain elevated, according to Yahoo Finance on the 27th. The stock recovery follows a broader selloff in neocloud compa

SpaceX saw major Wall Street price target increases on the 26th (US time) as investment banks Bernstein and Deutsche Bank raised their stock valuations following the space exploration company's AI infrastructure expansion plans. Bernstein maintained its Outperform rating while lifting its target

CJ ENM faces uncertainty in its Q3 2026 earnings as subsidiary Tving confronts compensation costs from a customer data breach. According to a survey of five domestic securities firms conducted by Yonhap Infomax on the 27th, CJ ENM is projected to record consolidated revenue of 1.204 trillion won

ING Bank assessed that the recent decline in bond yields is making the October Federal Open Market Committee (FOMC) meeting more dovish in its policy stance. The US 10-year Treasury yield is currently trading below 5%, after surging to 5.36% earlier this month before rapidly retreating. ING

Ripple received final approval from the Office of the Comptroller of the Currency on October 26 to establish Ripple National Trust Bank, a federally regulated trust institution. Chief Executive Officer Brad Garlinghouse announced the approval on X, stating the bank will support operations for

Ripple unveiled AI-powered treasury upgrades and 24/7 stablecoin-based cash management on Oct. 26. The company introduced new features for its corporate treasury platform, Ripple Treasury, at Swell 2026 in New York the previous day. The update expands capabilities for global companies including

Base launched the Trencher Grant Program, an initiative designed to provide funding for projects within the Base ecosystem. The program aims to foster innovation and support community-driven development in the blockchain space. Base announced the program through its official Twitter account,

Shinhan Card announced on Oct. 27 that it will launch an offline payment pilot with Dunamu using a blockchain-based digital wallet. The pilot tests Kiya Chain, a public blockchain developed by Dunamu, and Kiya Wallet in a real-world payment environment. This marks the first time a South Korean