Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
Today
08:37
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South Korea Restricts Offshore Investment Banks From Underwriting Domestic Bond Offerings on Sept 29

According to Signal on Sept 29, South Korea's Ministry of Economy and Finance is directing domestic companies to exclude unlicensed offshore investment banks when selecting underwriters for offshore bond offerings. The guidance, delivered informally during the bond issuance approval process, aims to ensure fairness between licensed and unlicensed market participants. Proponents argue offshore IBs operating without regulatory approval gain unfair competitive advantages by avoiding compliance cost
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08:37
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Strait of Hormuz Oil Flows Recover to 12.8M Barrels Per Day in September

According to Kpler data, crude exports through the Strait of Hormuz recovered to approximately 12.8 million barrels per day in September, though still below pre-conflict levels. Middle Eastern regional shipments reached around 16.3 million barrels per day this month, compared with roughly 19.5 million barrels per day before the conflict began in February. Saudi Arabia led the recovery, with its crude exports increasing sharply during September. The kingdom has also restarted its East-West Pipeli
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08:37
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South Korea Restructures Virtual Asset Crime Unit Into Major Crimes Prosecution Division Ahead of Oct. 2 Launch

According to the Ministry of Justice announcement on Sept. 29, South Korea's prosecutorial system underwent reorganization effective Oct. 2, with the Virtual Asset Crime Joint Investigation Division restructured into the Major Crimes Prosecution Division 3. The former Virtual Asset Crime Joint Investigation Division at Seoul Southern District Prosecutors Office is renamed the Major Crimes Prosecution Division 3 under Seoul Southern Regional Public Prosecutors Office, with incumbent chief prosecu
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08:36
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China's Banking Sector External Financial Assets Reach $214.43 Billion as of June 2026

According to the State Administration of Foreign Exchange, as of end-June 2026, China's banking sector held $214.43 billion in external financial assets against $147.26 billion in external liabilities, resulting in net external assets of $67.17 billion. The breakdown includes net liabilities of $7.54 billion in RMB and net assets of $74.7 billion in foreign currencies.
08:35
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Mistral CEO Says U.S. AI Safety Debate Masks Competitors' Negligence

According to CNBC's Squawk Box Europe, Mistral CEO Arthur Mensch accused leading global artificial intelligence companies of using the debate over AI safety as a cover for their 'negligence.' 'The debate that we've seen in the U.S. has been a cover for the negligence of some of our competitors,' Mensch told CNBC's Annette Weisbach, adding that it was necessary to develop systems that can properly contain AI agents. Mensch emphasized the need for adequate monitoring and stated that enterprises wo
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08:33
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South Korean Banks Delay Opening Time to 9:30 AM Starting April 2027; Top 5 Bank President Race Begins

According to YonhapnewsTV, South Korean banks will delay opening from 9:00 AM to 9:30 AM starting April 2027, keeping closing time at 4:00 PM unchanged. The change, agreed upon between the National Financial Industry Union and employers, introduces a new "last call" system on Fridays, where banks stop accepting customers 30 minutes before closing. The adjustment reflects concerns over early staff commute times and the rise of online banking services. Meanwhile, the leadership race for South Kore
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08:31
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Wootek Technology (06802) Surges Over 155% in Pre-Trading, Up 9,125 HKD Per Lot

According to Zhitong Caijing, Wootek Technology (06802) will list on the Hong Kong Stock Exchange on September 30. In today's pre-board trading, the stock traded at 150.1 HKD per share according to Jefferies Dark Board data, representing a 155.06% gain from the IPO price of 58.85 HKD. Each lot comprises 100 shares, generating a profit of 9,125 HKD per lot before commissions.
08:31
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Hong Kong Stocks Close Lower on Sept. 29; Hang Seng Index Drops 0.48%, Real Estate and Biotech Surge

According to Zhitong Finance, on Sept. 29, the Hang Seng Index declined 0.48% or 118.94 points, closing at 24,523.57 points with daily turnover of 184.63 billion Hong Kong dollars. The Hang Seng China Enterprises Index fell 0.46% to 8,178.81 points, while the Hang Seng Tech Index dropped 1.08% to 4,249.62 points. U.S. Treasury yields remained elevated, with investors monitoring a series of U.S. economic data releases this week. Property stocks surged following the State Council's announcement on
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08:26
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South Korea's Passive ETF Assets Hit 78.5% of Public Equity Funds, Exceeding U.S. Level

According to Capital Market Research Institute senior researcher Kwon Min-kyung on Sept 29, passive exchange-traded funds and funds accounted for 78.5% of South Korea's public equity fund assets as of August end, surpassing the U.S. level of 64.1%. The ratio rose from 17.2% in late 2010, sparking concerns that concentrated flows into mega-cap stocks and thematic ETFs could distort market prices. Kwon proposed expanding active fund managers' discretion to better counterbalance passive capital flo
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08:26
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Bitcoin Long-Term Holder MVRV Recovers to 1.35 as of Sept 27, BTC at $84,500

According to CryptoQuant analyst Zizcrypto, the adjusted long-term holder (LTH) MVRV ratio recovered to approximately 1.35 as of September 27. Bitcoin traded around $84,500 while long-term holders' realized price basis stood at roughly $62,700, representing a 35% gain above their cost. The ratio had fallen as low as 0.94 on June 30 when BTC was at $58,500, creating a temporary unrealized loss of about 6% for the group. The recent recovery marks a brief correction rather than a deep drawdown, wit
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