Gate Crypto Flash News and Market Updates

Martin Carrica announced on his social media that he has joined Coinbase as head of stablecoins, focusing on expanding stablecoin reach and impact. Carrica previously led regulated stablecoin development initiatives at Mountain Protocol and Anchorage.

According to Korea Exchange, South Korean construction stocks including Daewoo E&C and Hyundai E&C fell sharply on September 29, with declines of 7.01% and 6.10% respectively, reversing strong gains from the previous day. The pullback followed a surge driven by expectations around AI data center projects and nuclear power infrastructure investments. Weighing on sentiment were rising U.S. Treasury yields (10-year and 30-year rates reached 5.26% and 5.57%) and higher oil prices (WTI crude climbed

According to MoneyToday, IPO-focused hedge funds in South Korea posted returns as low as -60% through August despite KOSPI rising approximately 60% year-to-date. Data from major securities firms showed J.C. Asset IPO General Private Investment Trust recorded -58.76% returns, with GVA Europe Pre-IPO General Private Investment Trust down -49.53%. The poor performance stems from a depressed IPO market; funds typically lock capital for extended periods to secure allocation in public offerings, resul

According to Stocktwits, Michael Burry compared Nvidia CEO Jensen Huang to Palantir CEO Alex Karp late Monday, noting that Huang has been making frequent media appearances. In a Substack chat, Burry replied to a user commenting on Huang's recent television run: "He's becoming a bit like Karp in that way." Burry, who holds put options on Nvidia, has been a vocal skeptic of the chipmaker and the broader AI infrastructure boom. Nvidia's board approved an additional $150 billion in share repurchase

According to Lee Hae-dong, head of digital marketing at KB Asset Management, the firm integrated its separate fund and ETF brand homepages on September 21 to help investors navigate South Korea's crowded ETF market, where nearly 1,200 funds are now listed. The unified platform features generative AI tools, including daily investment briefings and an AI chatbot that summarizes key product information. The strategy aims to guide investors based on their investment objectives rather than product ty

According to Whale Alert, MEXC transferred 1,000 BTC to an unknown wallet today (Sept 29), valued at approximately $83.4 million. The transfer of such a large amount from the exchange to an unidentified address may signal potential market movements. Unknown wallet destinations typically raise questions about whether the Bitcoin is being accumulated or held for other strategic purposes.

According to NH Investment & Securities, the company is accepting subscriptions for its first short-term IMA (Integrated Money Account) product, 'N2 IMA1 Short-Term Fund No. 1,' through October 7. The product has a maturity of 1 year and 6 months with a total offering size of approximately 100 billion won. The benchmark yield is set at 4.3% annually, with total fees at 0.5%, 0.1 percentage points lower than the medium-term variant. Performance fees of 40% apply to returns exceeding the benchmark

According to IB industry sources, SK received subscription demand of 720 billion won for its unsecured corporate bond offering on September 29, around five times its planned issuance amount of 150 billion won. The 3-year bond tranche, targeting 100 billion won, drew 560 billion won in demand, while the 5-year tranche, targeting 50 billion won, attracted 160 billion won. SK may increase the issuance to up to 250 billion won based on demand.

According to SK Innovation's announcement on September 29, SK On will assume $1.5 billion in foreign bond debt issued by its subsidiary SK Battery America as part of debt restructuring. The debt assumption, valued at approximately 202.8 billion Korean won and representing 14.05% of SK On's equity capital, comprises two bond issuances: a $500 million bond maturing in 2027 at 4.875% interest and a $1 billion bond maturing in 2029 at 4.25% interest. The transaction is conditional on bondholder appr

Ryanair's CEO stated on September 29 that airline ticket prices will surge next year as fuel costs make low-price strategies unsustainable. The executive noted that strong air travel demand has been supported by consistently low fares, but rising oil prices will force the industry to raise ticket prices significantly in 2027.

According to Gate data, on September 29, U.S. stock index futures turned higher, with Dow futures gaining 0.03%, S&P 500 futures rising 0.06%, and Nasdaq 100 futures advancing 0.16%.

According to Farside Investors, U.S. spot crypto exchange-traded funds recorded $55.8 million in combined net inflows on September 28. Bitcoin ETFs attracted $31 million, Ether funds added $17.1 million, and Solana products recorded $7.7 million. However, Monday's total was approximately 82% below Friday's $308.2 million, with BlackRock's iShares Bitcoin Trust (IBIT) accounting for $54.8 million of the Bitcoin inflows, while Grayscale's GBTC and Fidelity's FBTC recorded outflows of $23.2 million

According to Thailand's Ministry of Finance, the country's public debt-to-GDP ratio is projected to reach 69.7% by the end of fiscal year 2027.

According to Jin10, Israel's Shin Bet security agency filed a complaint with military censors on September 29 after Channel 12 disclosed Prime Minister Netanyahu's visit to the UAE. The report was published at 9:38 p.m. local time while Netanyahu's aircraft remained outside Israeli airspace, landing at 10:27 p.m. Shin Bet said the disclosure violated censorship rules and endangered Netanyahu, delegation members, and security personnel, while revealing operational security methods that could incr

According to Yonhapinfomax on September 29, the chairman of South Korea's Financial Investment Association instructed staff to deny venue access for a scheduled joint press conference by 18 domestic and international asset managers planned for September 30 at 1 p.m. The conference venue was moved from the Financial Investment Education Institute to Kensington Hotel Yeouido, while the scheduled time remains unchanged. The 18 participating asset managers, representing combined assets under managem

According to Siemens, on September 29, the German industrial technology company expanded its collaboration with TSMC on AI-powered semiconductor design automation. The expanded partnership includes AI-powered agents for automated design rule check fixes across digital and custom integrated circuit design flows, leveraging Siemens' Calibre, Aprisa, and Solido software. It also covers agentic workflows for custom IC design, place-and-route, and digital implementation. Siemens' electronic design au

According to Jin10, Argentina's state oil company YPF said on September 28 that its daily crude output is set to reach 1 million barrels for the first time. The company's CEO Horacio Marin announced the expansion plans, noting the firm expects to quadruple in size over coming years, with the Vaca Muerta shale field as the primary growth driver. Government data showed Argentina's oil production hit 916,000 barrels per day in July, up 17.2% year-over-year.

According to Jin10, on September 29, Dalian Commodity Exchange chemical futures warehouse receipts showed mixed movements. PVC futures fell 483 contracts to 118,159; polypropylene increased 805 contracts to 26,954; and liquefied petroleum gas dropped 789 contracts to 1,787. Polyethylene, styrene, and ethylene glycol remained unchanged; pure benzene held steady at 525 contracts.

According to crypto analyst @lookonchain, dormant Quant (QNT) whale accounts transferred significant holdings to major exchanges recently after over three years of inactivity. One whale moved 34,200 QNT valued at approximately $8.05 million to Coinbase and Kraken, while another deposited 8,250 QNT worth around $1.88 million into Binance.

According to Iraqi armed forces spokesman Sabah Al-Numaani, U.S. and coalition forces will complete their withdrawal from Iraq by September 30, in line with a previously agreed timeline. The announcement was made on the evening of September 28.