Gate Crypto Flash News and Market Updates

According to Cointelegraph, on September 30, Illinois Department of Revenue released draft rules for the 0.2% digital asset transaction tax, clarifying how the tax applies to stablecoins, DeFi, and cross-chain activities. Stablecoins are subject to taxation, while NFTs are exempt. DeFi transactions are generally exempt, though protocol fees paid for platform operation or maintenance may trigger taxation; pure network fees and swap fees paid only to liquidity providers do not. Fee-based cross-cha

PUMP crypto is trading at $0.0058, up 15% overnight and 60% over the past two weeks, according to market data. Daily trading volume surged to $506 million from $420 million the previous day. Derivatives activity intensified, with volume climbing 198.47% to $1.11 billion and open interest rising 17.26% to $429.46 million. The platform has deployed $466.25 million on PUMP buybacks, reducing total supply by 16.84%. Despite the token-specific strength, the broader meme-coin market declined 4.2% to a

According to the financial investment industry on September 30, LG U Plus faces exclusion risk from the MSCI Korea index, with its floating market cap 47% below the estimated exclusion threshold. Yuhan-Kimberly also entered exclusion risk zone, with total market cap 9.3% below the benchmark. Meanwhile, seven candidates for inclusion, including GS and Samsung E&A, all fell short of the 13.33 trillion won cutoff. The November MSCI review results will take effect from December 1 following rebalanci

Former CFTC Commissioner Brian Quintenz spoke on September 30 at Korea Blockchain Week 2026 in Seoul, discussing paths to clarity in crypto asset regulation. Quintenz stated that passage of the Clarity Act is not the only method to achieve regulatory certainty, noting the U.S. SEC and CFTC can provide clear rules through their existing broad authority. Quintenz emphasized that global crypto regulation should shift from "risk prevention" to "risk management," arguing that regulators should enable

According to South Korea's financial sector on September 30, fragmentary investment products face capital gains taxation rates of 15.4% (including local income tax) at source, rising to as high as 49.5% when combined with other income for comprehensive taxation—creating an unfair disparity with listed stocks, which are exempt from capital gains tax on retail trading profits. This tax asymmetry, ahead of February 2027 tokenized securities (STO) regulation implementation, threatens investor partic

On Sept 30 at Korea Blockchain Week 2026 (KBW2026) in Seoul, Democratic Party lawmaker Min Byeong-deok announced plans to institutionalize won-based stablecoins amid rising global competition in digital asset infrastructure. Min stated that the rise of dollar-backed stablecoins and AI-driven cross-border transactions necessitate real-time digital asset settlement capabilities, citing the U.S. GENIUS Act of 2025 as a policy model. The lawmaker committed to advancing three measures: establishment

According to discussions at KBW2026 held in Seoul on September 30, fund tokenization technology has been implemented, but liquidity provision and global regulatory standardization remain critical hurdles for market expansion. Participants noted that while issuing tokenized products has become technically easier, creating actual trading markets and providing investors with reasons to hold tokens require linking with traditional financial infrastructure and cross-border connectivity. Mirae Asset G

According to Reuters, TSMC is evaluating a potential investment in Texas to expand its U.S. chip production capacity, separate from its existing $265 billion commitment in Arizona, according to two people familiar with the matter.

According to KuCoin, Concrete (CT) officially launched on the exchange on September 30, 2026. Trading commenced at 10:00 AM UTC, with CT available to trade against USDT and support for ETH-ERC20 asset deposits. Concrete is designed as a full-stack institutional operating system for on-chain finance.

According to BlockBeats, Standard Chartered issued bullish ratings on six altcoins throughout the second half of 2026, with most outperforming expectations. Uniswap (UNI) gained 210% since the bank's June 16 coverage, trading at $8.85 as of September 30, exceeding the 2026 target of $6.50. Aave (AAVE) advanced 122% since June 23 coverage, currently at $160. Other rated tokens—Morpho, Chainlink (LINK), Sky (SKY), and Arbitrum (ARB)—posted gains of 34% to 74%. Standard Chartered's valuation thesis

According to Blockhead, SBI Holdings, crypto payments firm Mesh, and Money Forward announced on September 30 plans to establish a joint venture focused on building Japan's digital asset interoperability layer. The initiative will enable account interoperability between exchanges and wallets, provide compliant stablecoin infrastructure, and facilitate tokenized asset management. The companies also plan to establish cross-border payment channels connecting digital assets, stablecoins, and fiat cur

According to Elliptic, North Korea-linked hackers have stolen approximately $1.2 billion in cryptocurrency this year across 50+ security incidents. Blockchain analysis shows funds stolen in the recent Bitget breach overlap with addresses linked to last year's $1.5 billion Bybit exchange hack. On-chain laundering patterns indicate the Bitget incident was conducted by the hacker group TraderTraitor.

At Korea Blockchain Week 2026 on September 30, Ethereum co-founder Joseph Rubin outlined how cryptocurrencies are achieving mainstream adoption and financial institutions are increasingly participating. He attributed institutional inflows to clearer U.S. regulatory frameworks from the SEC and CFTC, after institutions spent 8–10 years privately experimenting with blockchain technology. Rubin highlighted MetaMask's evolution into a personal asset operating system integrating investment management,

According to the Bank of Korea, the country's monetary authorities conducted $9.612 billion in net selling of foreign exchange in the second quarter of 2026 to stabilize the market. This marks the seventh consecutive quarter of net selling, following $13.628 billion in Q1. The U.S. dollar-Korean won exchange rate surged to 1,561.50 won in June, the highest level since March 2009, as large-scale stock sales by foreign investors weakened the won relative to other currencies. Foreign exchange reser

According to Korea's financial investment investment industry, as of September 30, MSCI's November regular index review shows no candidates meeting the market-cap cutoff of approximately 13.32 trillion won for inclusion in its Korea index. Seven stocks including GS, Samsung E&A, and LS exceeded float-adjusted criteria but fell short on total market capitalization, with gaps ranging from 22.6% to 46.1% below the threshold. Conversely, LG Uplus and Yuhan Pharmaceuticals face exclusion risk. LG Upl

South Korea's Stewardship Code, introduced in 2016, has been comprehensively revised for the first time in a decade, according to Ahn Hyo-seop, director of the Sejong Corporate Governance Research Institute. The updated code expands its scope to include bonds and unlisted equities, while strengthening institutional investors' oversight authority over corporate boards. Participating institutions are now required to submit annual compliance reports, marking a shift from formal code membership towa

According to Hana Securities research report, on September 29, the U.S. 10-year Treasury yield reached 5.24%, approaching the S&P 500's expected return of 5.26%, reducing stock valuations' relative appeal versus bonds. The brokerage recommended Samsung Electronics, Hyosung Heavy Industries, and HD Hyundai Electric in Korea, alongside Broadcom and Marvell Technology in the U.S., for October, citing expectations of improved operating margins and free cash flow despite currency headwinds.

According to Korea Exchange, foreign investors sold net 21.5 trillion won from South Korea's KOSPI market in September, extending a five-month selling streak. Samsung Electronics and SK Hynix accounted for 76.6% of the outflow, with net sales of 4.89 trillion won and 11.58 trillion won respectively. The cumulative five-month foreign outflow reached 134.9 trillion won, attributed to rising U.S. long-term Treasury yields and profit-taking in large-cap semiconductor stocks.

According to Korea Securities Depository, South Korean retail investors purchased approximately 5.4 trillion won (roughly $4 billion) worth of U.S. Treasuries during July-September, marking the largest quarterly purchase since 2011. The surge was driven by yields on 10-year U.S. Treasury bonds reaching 5.24% on September 28, the highest level since 2007, up from 4.48% on July 1. A weaker Korean won also reduced investment barriers for retail buyers. The USD/KRW exchange rate fell approximately 5

According to Korea Exchange data released on September 30, 98 companies have been designated as non-compliant disclosers (불성실공시법인) in 2026, with major conglomerates and prominent listed firms repeatedly cited for disclosure violations. Hanon Systems was penalized 8 million won in April for delayed disclosure of embezzlement allegations. Hanwha Solutions faced sanctions in June for failing to timely disclose changes exceeding 20% in shares and funding amounts during a paid-in capital increase. Je