Gate Crypto Flash News and Market Updates

According to Japanese Cabinet Chief Secretary Makoto Kimura, Japan does not plan to further release crude oil from national reserves, having already done so recently. The statement comes after the Group of Seven agreed on Friday to release 100 million barrels of crude oil and diesel from emergency stockpiles.

Japan's Nikkei 225 index broke through 70,000 points during trading on October 5, reaching 70,072.13, up 2.58% from the previous close. This marks the first time the index surpassed the 70,000 level since July 6. The rally was driven by gains in the U.S. stock market, as weaker-than-expected U.S. employment data reduced expectations for near-term Federal Reserve rate hikes. AI and semiconductor-related stocks led Tokyo market gains.

According to Daishin Securities analysis, on September 30, Trump announced South Korea's strategic investment plan totaling up to $200 billion in U.S. projects, including eight nuclear reactors ($120 billion), a Texas gas-fired power plant ($22 billion), and Alaska LNG development ($50 billion). South Korean brokerage firms assessed the direct impact on domestic financial markets would be limited, as annual investment capacity of $20 billion represents only half of July's current account surplus

According to Edaily on October 5, An Yun-chul, head of Samsung Securities' pension division, called for reforming South Korea's retirement fund default option system. He recommended making investment-type products the default choice while allowing savers to opt for principal-guaranteed products. Currently, the default option primarily uses low-yield principal-guaranteed products, undermining the system's original intent to prevent retirement funds from stagnating. An also advised that retirement

According to South Korea's court statistics released on October 5, personal bankruptcy applications involving young adults in their 20s and 30s reached 50% of total filings in 2023. Personal bankruptcy applications surged to 81,723 cases in the first half of 2026, up 9,531 filings year-over-year, marking a record high. Forced real estate auction transfers in Seoul reached 3,854 properties through July 2026, a 44% surge compared to 2,677 properties in the same period last year, according to Supre

According to HSBC, the bank recently upgraded its price target for Marvell Technology from $325 to $450 per share, reflecting a 38% increase in valuation expectations for the semiconductor company.

According to Anthony Chan, Director of Investment Consulting at Mirae Asset Securities' Hong Kong unit, the firm launched MAPS on June 26, an investment platform enabling retail investors and high-net-worth individuals to trade stocks and digital assets in a single app. The platform offers access to U.S., Hong Kong, Korean, and Chinese equities alongside cryptocurrency trading. Mirae Asset Securities obtained a digital asset retail license from Hong Kong's Securities and Futures Commission in Ap

According to 9to5Mac, Apple confirmed that a limited number of iPhone 18 Pro Max users on AT&T's network experienced mobile service connectivity failures this week, rendering devices unable to place calls or use cellular data. Affected users must obtain device replacements to restore normal service. Apple released iOS 27.0.1 earlier this week and will deploy a carrier settings update to prevent the issue from affecting additional users. The carrier settings update will automatically download to

According to BlockBeats, Open Standard's OUSD stablecoin circulating supply reached approximately 663 million on October 5, with Tempo chain accounting for 71% of the total. Other major chains include Solana at 10%, Base at 10%, and Ethereum at 9%. OUSD maintains 100% reserve coverage with total reserves of 663 million, comprising approximately 588.2 million in U.S. Treasury securities and 78.03 million in cash reserves. Cumulative transfers on Tempo chain have reached 1.19 billion.

On September 28, China's Ministry of State Security published a warning linking cryptocurrency to money laundering, ransomware payments, and foreign espionage activities. The ministry said foreign intelligence agencies tell recruits that crypto is hard to trace when sending spy funds, a claim it rejected because every blockchain transaction is permanently recorded on a public ledger. The ministry stated that wallet addresses can be matched with IP and device data logged by trading platforms to i

OpenAI disclosed further incidents involving Australian government-linked systems on Friday, October 3, including NSW bushfire data and Medicare platforms. The company discovered the NSW incident on September 29 and notified the state government two days later. Additional unauthorized access or interactions also affected systems related to NSW crime statistics, Victorian health reporting, and the Australian Institute of Health and Welfare. OpenAI said it is spending more than US$500,000 daily re

According to Bloomberg, Singapore Exchange (SGX) shares have tumbled 19% since reaching a record high on August 26, erasing approximately $4.2 billion in market value, as concerns over valuation intensify. Citi downgraded its price target to 17.70 Singapore dollars on October 2, implying a further 16% downside, and maintained a "sell" rating while flagging the stock for 90-day negative catalysts review. JPMorgan downgraded to "neutral" last week, and Macquarie downgraded to "underperform" in mid

South Korean securities firms' Hong Kong subsidiaries posted surging profitability in the first half of 2026 driven by surging Korean stock demand, with Mirae Asset launching its retail-focused MAPS trading platform in June. Four major firms—Mirae Asset, NH Investment & Securities, Korea Investment & Securities, and Samsung Securities—combined for 321.2 billion won in net profit in H1 2026, surpassing their full-year 2025 result of 174.2 billion won. Mirae Asset's Hong Kong unit saw particularly

Japan's household consumer confidence index came in at 35.4 in September, beating the forecast of 35.3 and slightly down from 35.5 in the prior month.

According to Yemeni state media, the Yemeni government announced yesterday (October 4) the launch of a military operation to recover territories controlled by Houthi forces and restore state authority nationwide. President Rashad al-Alimi declared the operation aimed at reclaiming southern areas as Houthis advance toward Taiz, Yemen's third-largest city. The operation is backed by Saudi Arabia and the United States. Saudi forces will conduct airstrikes while government troops and allied militias

According to the Capital Market Research Institute, as of October 5, 220 companies listed on South Korea's Kosdaq market have decided on stock mergers so far this year, roughly 15 times higher than the entire previous year. The surge follows tightened delisting requirements implemented in July. Additionally, 65 companies have opted for capital reductions, representing a 48% increase compared to last year. Among 60 Kosdaq firms designated for management supervision following the July rule changes

According to QCP Capital, Bitcoin reached $86,682, gaining 3% over the week in September, while US spot Bitcoin ETFs recorded approximately $2.65 billion in net inflows for the month. BlackRock's IBIT led with $1.81 billion in inflows, followed by Fidelity's FBTC at roughly $682 million. The approval of 3x Bitcoin and Ether products expanded regulated leveraged crypto exposure in the US.

According to Sumsub, the London-based identity verification firm partnered with Singapore-based payment institution Fomo Pay on October 5 to deploy identity checks, transaction monitoring, and risk tools across Fomo Pay's operations in Southeast Asia, the Greater Bay Area, and the Middle East and North Africa. Fomo Pay will use the tools for customer and business verification, ownership checks, anti-money laundering screening, and account monitoring within its existing compliance systems.

According to CoinDesk, Bitcoin surged close to $87,000 this week but retreated after encountering selling pressure, falling approximately $500 short of the $87,400 high set in late September. This marks the second failed attempt within the week to break above the September peak, following an earlier push to $85,500 that also saw a subsequent pullback.

According to BlockBeats, on October 5, StonkFun announced it has distributed over $90 million in cumulative rewards to token holders. On October 4, the platform generated $590,268 in revenue, with $353,601 allocated to token buyback and 1.79 million STONK burned.