Gate Crypto Flash News and Market Updates

According to News 1, on October 7, Hanwha Aerospace declined 2.64% to 996,000 Korean won ahead of Nuri rocket's fifth launch scheduled for today between 12:23 p.m. and 1:23 p.m. at Naro Space Center in South Jeolla Province. HD Hyundai Heavy Industries dropped 3.21% to 407,000 won, while Korea Aerospace fell 3.02%, AP Satellite declined 3.09%, and Zenoco lost 2.23%. The mission will deploy 15 satellites to designated orbits.

According to Hong Kong Stock Exchange data released on October 6, 2026, Haina Xingkong Technology (08297) completed a placement agreement on the same day, successfully placing 259 million shares at HK$0.041 per share to at least six subscribers. Separately, a shareholder deposited 219 million shares with Hang Fu Securities, resulting in an aggregate deposit position valued at HK$10.61 million, representing 20% of the company's total deposit value.

According to Fortune, at a ScaleUp:AI conference in New York on October 6, Sarah Jager, OpenAI's Human Rights and Responsible Deployment Lead, expressed concerns about increasing military applications of artificial intelligence. Jager emphasized the importance of establishing safeguards based on international law and the Geneva Conventions. She stated that existing human rights frameworks should serve as the foundation for AI development, rather than allowing companies to arbitrarily redefine et

According to Hong Kong Stock Exchange data, Midea Properties (03990) saw a shareholding transfer totaling HK$733 million (21.59% of holdings) on October 6. The company's shareholders transferred 160 million shares to HSBC Hong Kong and 310 million shares out of Bank of China (Hong Kong).

According to Korea Securities Depository Portal Savetro, on October 5, South Korean retail investors' U.S. stock holdings reached 200.2 billion dollars (268.3 trillion Korean won), surpassing the 200 billion dollar mark for the first time since June 4. The holdings have climbed amid four consecutive months of net buying from July through September, with investors purchasing 1 billion dollars in September alone. The recovery reflects renewed retail demand alongside a tech-driven rally in U.S. mar

According to South Korea's Financial Supervisory Service (FSS), on October 7, the regulator convened auditors from 21 securities firms to strengthen investor-focused internal audit functions and improve internal controls. FSS Vice Chairman Seo Jae-wan highlighted recurring violations including false information in product prospectuses and use of personal mobile phones to avoid creating transaction records, indicating internal controls are not operating effectively. The regulator called for audit

According to Yonhapnews, South Korea's Financial Supervisory Service (FSS) Vice Chairman Seo Jae-wan on October 7 convened audit heads from 21 securities companies to strengthen investor-focused internal audit functions. The FSS criticized persistent compliance violations including false product disclosures and use of personal phones to avoid transaction records, stating that current internal control levels fail to meet investor expectations. The FSS emphasized that audit organizations must cond

According to CNBC, Deutsche Bank upgraded Penn Entertainment (PENN) to Buy from Hold on October 6, raising its price target to $25 from $23. Analyst Stephen Ficchella noted the recent 29% stock decline over three months was driven by macroeconomic concerns and market-wide risk aversion rather than deteriorating fundamentals. The new target implies approximately 66% upside from the previous close of $15.10. Deutsche Bank expects regional gaming trends to improve in coming months as calendar-relat

According to E-Daily on October 7, Jincostech, a hydrogel-based cosmetics ODM (original design and manufacturing) company, recorded a retail subscription rate of 685.83:1 for its initial public offering. The company received approximately 147,000 subscription applications between October 2 and 6, with subscription deposits totaling approximately 1.7164 trillion won ($1.28 billion). The company's public offering price was set at 23,500 won, at the upper end of the 19,500–23,500 won target range.

According to ChainCatcher and SoSoValue data, HYPE spot ETFs recorded net inflows of $2.98 million on October 6. Grayscale Hyperliquid Staking ETF (HYPG) led with $1.95 million in daily inflows, bringing its cumulative net inflows to $155 million. Bitwise Hyperliquid ETF (BHYP) followed with $1.03 million in daily inflows, reaching $145 million in total inflows to date. The combined HYPE spot ETF complex holds $507 million in total assets under management, with cumulative net inflows reaching $3

According to ChainCatcher citing SoSoValue data, Solana spot ETFs posted net outflows of $3.68 million yesterday (October 6). Invesco Galaxy Solana ETF (QSOL) recorded net inflows of $60,500, while Grayscale Solana Trust (GSOL) saw net outflows of $3.75 million. Total assets under management for Solana spot ETFs reached $1.93 billion, with cumulative net inflows totaling $1.60 billion to date.

According to Onchain Lens, BitMine acquired and received 12,500 ETH worth $33.65 million today (October 7). The entity now holds 4.9% of ETH's total supply, approaching its stated '5% Alchemy' target.

According to the Wall Street Journal, multiple key U.S. Treasury officials have departed since early 2025, with Treasury Secretary Bessent's management style cited as a contributing factor. More than a dozen current and former Treasury officials told the outlet that Bessent, who took office as Treasury Secretary in early 2025, frequently delivers harsh rebukes to both senior advisors and junior staff over various matters ranging from significant to minor issues.

According to ChainCatcher citing SoSoValue, XRP spot ETFs recorded net inflows of $3.14 million on October 6 (U.S. Eastern Time). Bitwise XRP ETF saw single-day net inflows of $10.55 million, bringing its historical total to $688 million. Franklin XRP ETF experienced net outflows of $4.07 million, with a historical cumulative inflow of $501 million. XRP spot ETF assets under management totaled $1.697 billion, with year-to-date cumulative net inflows reaching $1.794 billion.

On October 7, South Korea's National Assembly Legislative Research Service identified potential conflicts of interest at the Financial Investment Association (KOFIA), which simultaneously represents industry interests and handles self-regulation and investor protection. The research service suggested strengthening the independence of the self-regulatory committee by expanding external expert participation and reinforcing independence in decision-making, personnel, and budget allocation, rather t

According to iM Securities, South Korean bank bonds are expected to mature 69 trillion won in the fourth quarter, with refinancing supply pressures likely to persist through year-end. The breakdown includes 19.2 trillion won maturing in October, 26.5 trillion won in November, and 23 trillion won in December. Major banks have signaled plans to issue additional bonds; Kookmin Bank disclosed 6 trillion won in potential issuances by year-end, while Shinhan Bank announced 16 trillion won in planned i

NVIDIA-backed AI infrastructure startup Lambda is raising up to $4 billion at a pre-money valuation of $14.5 billion, marking the company's largest funding round before its planned 2027 initial public offering. Blackstone and Coatue Management are leading the investment. Lambda's unfilled orders (backlog) have surged from $15 billion in June to $50 billion in September, with AI model developer Anthropic accounting for $35 billion through an agreement signed in late August. The company also recen

Transsion Holdings (02636) commenced its global initial public offering today, offering 86.6483 million shares and attracting cornerstone investors including Singapore's GIC and E Fund, according to the company's latest announcement.

According to the UK Maritime Trade Operations Office, Iran conducted 9 attacks on oil tankers in the Strait of Hormuz in October as of Oct. 7, intensifying strikes on the critical energy corridor as petroleum transport volumes approach pre-war levels. The nine incidents account for half of the office's reported attacks in the Strait of Hormuz and Persian Gulf region during September, with the prior month's tally increased by four attacks in its final two days. Maritime officials and shipping exe

According to CNBC on October 6, Russell Investments forecasts that the Magnificent 7's Q3 net profit will increase 20.3% year-over-year, falling behind the broader market. Excluding M7, S&P 500 companies are expected to see earnings growth of 27.7%. This reverses the Q2 trend, when M7 net profit doubled while other S&P 500 firms grew approximately 30%. Baycrest Lin, Russell Investments' Canada strategy head, noted that earnings growth is becoming more widespread, with non-hyperscaler valuations