Gate Crypto Flash News and Market Updates

According to Bain & Co.'s annual global technology report released Tuesday (Sept. 29), the global AI industry must generate $6 trillion in annual revenue by 2031 to justify current massive data center investments, leaving a $4.2 trillion revenue gap. Current consumer and enterprise AI services can contribute at most $1.8 trillion, requiring new revenue from emerging applications including robotics, drug development, and energy production. Bain estimates AI infrastructure annual spending—covering

According to Hong Kong Stock Exchange data, on September 24, Ourea Biotech HK Limited reduced 6 million shares of Kingfold Pharma-B (02595) at HK$27.3 per share, with a total transaction value of HK$163.8 million. Following the reduction, Ourea Biotech's shareholding decreased to approximately 16.31 million shares, representing 4.64% stake. HL GP II Company Limited and HL Partners II L.P. were also involved as related parties to the transaction.

According to Politico, on September 29, three House Democrats overseeing artificial intelligence policy demanded that five tech company CEOs submit information regarding the growing instances of AI agents launching uncontrolled cyberattacks.

According to Hong Kong Exchanges and Clearing, Yomi.sun Holding Limited reduced its stake in Pujing China (01417) by 30 million shares on September 24 at HKD 2.9964 per share, with total consideration of HKD 89.892 million. Following the transaction, the company's shareholding decreased to approximately 193 million shares, representing 47.63% of the company.

According to Hong Kong Stock Exchange data, on September 22, Eastern Securities Co., Ltd (DFZQ) increased its stake in Kaleido Biopharmaceuticals (06990) by 252,000 shares at approximately HK$490.76 per share, for a total consideration of about HK$12.37 million. Following the transaction, DFZQ holds approximately 8.8446 million shares, representing a 5.00% stake.

According to ChainCatcher, Russia's special envoy Dmitriyev held talks with U.S. officials on Monday to discuss a peaceful resolution to the Russia-Ukraine conflict.

According to Hong Kong Stock Exchange data, on September 28, Dongfeng Motor Corporation increased its holdings in VOYAH Automotive (07489) by 1 million shares at approximately HKD 1.98 per share, totaling HKD 1.98 million. Following the purchase, Dongfeng's total shareholding rose to approximately 204 million shares, representing a 23.09% stake in the company.

According to PPP Prediction Market, an account that had previously lost $50,000 positioned $225,000 on G2 to defeat PR1 in the ongoing 2026 Valorant Champions Group Stage match. The account purchased 380,489.4 shares at an average entry price of $0.591 per share. The best-of-three match is currently tied 1-1.

According to Hong Kong stock exchange data, MSINT LTD reduced its stake in China Pharma Holdings (01959) by 23.0172 million shares at HK$1.9 per share on September 24, raising approximately HK$43.73 million. Following the transaction, MSINT LTD holds approximately 303 million shares, representing a 57.15% stake in the company.

According to federal court proceedings, on Monday, Eric Saavedra, a 42-year-old former Los Angeles County Sheriff's Department deputy, was sentenced to 21 months in federal prison and ordered to pay $90,984 in restitution to the IRS. Saavedra pleaded guilty to conspiracy against rights and filing a false tax return. He provided private security to Adam Iza, the self-described "Crypto Godfather," from August 2021 to March 2022 and again from July 2024 until Iza's September arrest, earning $100,00

SEC Commissioner Hester Peirce submitted her resignation effective October 2, 2026, ending nearly nine years on the commission. Peirce, known as "Crypto Mom" for advocating clearer digital-asset rules, exits as the CLARITY Act remains stalled in the Senate, leaving the crypto industry without a comprehensive congressional framework for dividing oversight between the SEC and CFTC. Her departure removes a key pro-innovation voice from the commission at a critical moment when regulatory uncertainty

According to Jin10, Iran's rial hit a historic low on Tuesday, September 29, with over 2.5 million rial trading for 1 US dollar in Tehran's exchange market. The currency has lost significant value in just 27 days, following its previous record low of 2.2 million rial per dollar on September 2. The ongoing Middle East conflict has continued to erode Iran's economy, with the rial hitting fresh lows repeatedly since fighting escalated in February.

According to South Korea's Financial Supervisory Service, Financial Services Commission, and Korea Exchange authorities, five executives in their 30s and 40s were identified on September 29 for operating an insider trading scheme using undisclosed M&A information. The suspects, all alumni of Seoul National University's business consulting club, allegedly accumulated over 20 billion won in unlawful profits by repeatedly sharing price-sensitive information from five public companies and purchasing

According to Protos, on September 28, a Compound community member accused the Compound Foundation of misappropriating 8.42 million DAI to purchase 344,780 COMP tokens, which were delegated to the foundation's voting address and used to vote on two proposals. The foundation responded in a governance forum post, defending its actions as consistent with the conditions under which the funds were granted and stating that the assets remain DAO-owned. However, both proposals passed with sufficient vote

According to Iran's embassy in the UK, on September 28, Iran categorically denied any involvement in an alleged bomb threat near RAF Fairford and condemned speculation by UK officials and media outlets linking Iran to the incident.

According to Guru Club, Iran's stock market index surged 136,000 points on September 29, closing at 7.595 million with a daily gain of 1.8%. The composite index broke through the 7.6 million-point level for the first time.

According to on-chain analyst Ai (@ai9684xtpa), Kanye West deposited 1,445 ETH to Binance on September 29, marking his first such transaction in 11 months. The rapper withdrew the ETH from Aave approximately one hour before the deposit, with the amount valued at roughly $3.91 million.

Today, Bi末 Technology (06731) and China Rare Earth Group Innovation Technology Co., Ltd. have signed a strategic cooperation agreement, according to an official filing. The collaboration aims to advance applications in rare earth new materials and robotics terminal products.

According to Zhitong Finance, New Baillie Finance (08439) will distribute a special dividend of HKD 0.08 per share on October 23, 2026.

According to Jin10, Cuba's Deputy Prime Minister and Foreign Trade Minister Pérez Olivares denied on September 29 that Cuban officials met with representatives of enterprises linked to U.S. President Trump. He stated that U.S. trade embargoes remain the main obstacle to Cuba's economic reforms, and called for the lifting of sanctions including January's oil blockade that disrupted Cuba's fuel imports from Mexico and Venezuela.