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After 8 months of pretending to be asleep, Google suddenly dropped a bombshell with Gemini 3 Pro.


If the prospects of AI falter, the financial system may face a "2008 crisis-style" shock.

Behind the simultaneous sharp decline in the US stock and cryptocurrency markets, investors' fears of an "AI bubble" and the uncertainty surrounding the Federal Reserve's monetary policy are creating a double blow.

$37 million in funding + $2.5 billion in deployment rights: Can Obex become Sky’s growth engine?
The danger of stablecoins lies precisely in the fact that they appear to be very safe.
We view casino cash flows as similar to software's recurring revenue.

Position adjustments make the market clearer, but stable sentiment still depends on the performance of major cryptocurrencies.


- 10:21Google launches Gemini 3, integrating multimodal AI and intelligent agent featuresAccording to ChainCatcher, the official Gemini account @GeminiApp announced that Google has officially launched its new generation AI model, Gemini 3, which features a million-token context window, multimodal understanding capabilities, and supports unified analysis of video, audio, images, and text. The new version introduces Gemini Agent, which can complete multi-step tasks under user guidance and is currently open for testing to Ultra users in the United States. Gemini 3 has been launched globally, and student users can try the Pro plan for free for one year.
- 10:21The largest ASTER short position on Hyperliquid faces increasing unrealized losses; the trader previously bought ASTER from CZ before opening a large short.BlockBeats News, November 19, according to HyperInsight monitoring, the largest ASTER short position (0xa31) on Hyperliquid currently holds a 5x leveraged ASTER short worth approximately $11.08 million at an average price of $1.2, with an unrealized loss of $1.33 million (58%). According to further monitoring, another whale (0x9ee), previously reported multiple times as the "CZ counterparty," significantly increased its ASTER short position after CZ bought ASTER on November 2, becoming the largest ASTER short holder at that time. However, this whale closed its $44 million ASTER short position at breakeven on the 17th and has now switched to trading ETH long positions, currently being the largest ETH long holder on Hyperliquid.
- 10:18QCP: The current US economy is closer to a late-cycle phase rather than a recession, and this week's data will determine bitcoin's future direction.According to ChainCatcher, QCP released its daily market observation, stating that this week, bitcoin continued to decline, once falling below the key $90,000 mark. The reason was that market expectations for interest rate hikes tightened and continued ETF outflows dampened market sentiment. Thin liquidity further amplified this round of decline, showing that bitcoin is becoming increasingly sensitive to changes in the macro environment. This pullback occurred against the backdrop of a rapid repricing of Federal Reserve expectations—the market shifted from an almost certain rate cut to a roughly balanced probability. This put pressure on interest rate-sensitive assets like bitcoin, while the stock market remained relatively stable due to solid corporate earnings, especially strong profits and record AI-driven capital expenditures reported by large technology companies. With the U.S. government reopening, official data is being released, providing the market with necessary insights into the momentum of economic fundamentals. This week, the market is highly focused on labor market data and the Conference Board's Leading Economic Index, which now incorporates the latest job vacancy data. This information will help determine whether labor market tightness or inflation will dominate the Federal Reserve's policy response. Beneath the surface, the U.S. economy still shows a K-shaped divergence: spending by high-income households remains resilient, while pressure on lower-income groups is increasing. Federal Reserve Chairman Powell reiterated a cautious stance, noting that rate cuts are "not a given." Overall, current economic conditions are closer to late-cycle rather than recessionary. Although fiscal constraints and labor market divergence pose ongoing risks, the resilience of household balance sheets and corporate capital expenditures continues to provide a buffer against the downside. This week's data will determine whether bitcoin's pullback is a temporary position adjustment or the beginning of a broader decline in risk appetite.