Gate Crypto Flash News and Market Updates

According to Odaily Star Daily, analyst Yi Lihua predicted Bitcoin would face a significant correction near $86,000, forecasting this move over 20 days ago. The correction occurred as expected in recent days, with BTC reaching around $86,000 before pulling back. Yi Lihua noted that the pullback aligns with the bull market's early phase, during which opportunities remain abundant across major market movements.

According to BigShort's announcement on X on September 28, all remaining SHORT tokens from the airdrop reserve will be destroyed, with 500 million tokens retained for future CEX liquidity needs. The project previously completed its first airdrop round, with 56,243 addresses claiming a total of 6.143 billion tokens distributed.

According to Jin10 Data, on September 28, Iran rejected easing conditions for reopening the Hormuz Strait after U.S. President Trump refused its latest proposal, though Trump signaled talks could resume this week. European benchmark natural gas futures rose modestly on Monday, reversing last week's cumulative 9% decline as traders weigh conflicting signals from Washington. The Strait of Hormuz handles roughly one-fifth of global liquefied natural gas shipments; continued transport disruptions co

New York gold futures touched $4,200 per ounce intraday today (September 28), down 2.81%.

According to E-Daily, on September 23, South Korea's daily average trading volume plummeted to 56.9 trillion won in early September from a peak of 118.1 trillion won in the second quarter, marking three consecutive months of decline. The Korea Exchange's combined trading volume for stocks, KOSDAQ, NXT, and ETFs fell 35.4% quarter-over-quarter to an estimated 76.3 trillion won for Q3, though still 144.8% above year-ago levels. The volume contraction is expected to cut brokerage commissions for So

According to Goldman Sachs Asia Pacific Head Kevin Snyder on September 28, the investment bank reaffirmed its forecast that South Korea's KOSPI index will surpass the 12,000 level. Snyder cited sustained global AI investment driving "overwhelming growth" in South Korea's semiconductor sector, along with improvements in energy and financial industries, as catalysts for additional capital inflows into Korean equities.

According to Yonhapnews, LG Electronics was selected on September 27 as an official partner of Nvidia's Partner Network (NPN) in the 'Power and Cooling' segment for AI datacenter cooling solutions. On September 28, LG Electronics closed up 2.63% at 214,500 Korean won, with intraday gains reaching 5.26% to 220,000 won. The NPN partnership expands LG's opportunities to propose high-efficiency cooling solutions to global customers building Nvidia-based AI datacenters.

According to Yonhapnews, the Korean won strengthened to 1,365.1 against the US dollar on September 28, reflecting a sharp surge in US Treasury yields during the holiday period. The USD/KRW exchange rate settled at 1,365.1 won at 3:30 p.m. KST, up 7.6 won from the previous session. US 10-year Treasury yields climbed to 5.22%, the highest level since 2007, while 30-year yields hit 5.501%, marking the highest point since 2004. Foreign investors sold a net 3.2295 trillion won in Korean equities on t

XT Exchange listed RIN/USDT spot trading on September 18 at 08:00 UTC on its Main Zone (Layer 1). RIN is the native token of Ri-Nn Chain, an EVM-compatible Layer 1 blockchain focused on connecting physical devices and sensors with on-chain activity. Ri-Nn is developing hardware nodes and a Proof of Things verification layer to enable device-based verification and signed real-world data recording on-chain. RIN is used to pay transaction and smart-contract execution fees on the network.

According to TradingBeats, PUMP rose to $0.00496 on Sept 28, gaining 11.83% in 24 hours and approaching recent highs while BTC, ETH, and SOL fell 1.66%, 2.17%, and 2.19% respectively. On the Hyperliquid platform, PUMP contracts recorded $147 million in 24-hour trading volume with $206 million in open interest.

According to Huobi HTX's official announcement, the exchange will launch JPYC/USDT spot and grid trading on Sept 28 at 21:00 UTC+8. Deposits will open at 15:00 on Sept 28, with withdrawals opening at 21:00 on Sept 29.

According to Yonhapinfomax, the dollar-yen exchange rate rose to 157.730 yen on September 28 in Tokyo trading, up 0.29% from the previous day. The climb was driven by selling pressure on the yen following a surge in international crude oil prices, triggered by a postponement of U.S.-Iran negotiations. Rising oil costs increase Japan's import expenses and weigh on the yen, offsetting recent strength supported by Japanese and U.S. officials' hawkish comments on preventing further yen weakness.

According to First Financial, MiniMax launched text model M3.1-Flash-Preview on September 23, featuring native multimodal capabilities and one-million-token context window. The model is designed for code-related tasks, including bug fixing, feature development, and testing verification. Developers have linked M3.1-Flash-Preview to Space Bunny, a model that launched on the same date and reached the top of daily call rankings on aggregation platforms OpenRouter and OpenCode during the Mid-Autumn F

According to ThorChain's official announcement on September 28, the network halt was an emergency safety measure to protect protocol security, not selective fund freezing or individual account restrictions. The clarification follows a May 2026 security incident in which $10.7 million was stolen from liquidity pools. The attacker's address was not blacklisted and remained able to trade on ThorChain. The protocol maintains its permissionless design framework.

According to Investing.com, as of September 28, South Korea's 10-year government bond yield rose to 4.542%, climbing 159.9 basis points (54.3% increase) year-over-year—more than 2.3 times the pace of the U.S. 10-year yield, which reached 5.211%. The U.S. rate gained only 101.1 basis points (24.1% increase) over the same period. The sharp rise in Korean rates reflects combined pressures: elevated U.S. Treasury yields, domestic inflation, the Bank of Korea's consecutive rate hikes in July and Augu

According to Yonhapinfomax, South Korea's Deputy Prime Minister Lee Hang-il explained on September 28 that delays in announcing the country's flagship U.S. investment project stem from internal procedural matters on the American side. During a parliamentary finance committee meeting, Lee clarified that there are no substantive disagreements between Seoul and Washington regarding the initiative. The project involves constructing a $22.3 billion combined-cycle gas power plant in Encintal, Texas, w

According to HLB, on September 28, the company's U.S. subsidiary Elevar Therapeutics received FDA approval for Repifrutug (rilrapongtatikinib), an oral cancer treatment targeting FGFR2 fusion or rearrangement in cholangiocarcinoma patients as a second-line therapy. HLB shares hit the daily limit, closing up 29.95% at 39,700 Korean won, with subsidiary stocks including HLB Pharma and HLB Biostep also reaching daily caps on the approval news.

According to Yonhapnews on September 28, Hanol Biopharma's stock fell 6.87% to close at 43,400 Korean won. The decline followed partner Immunovant's announcement on September 23 that it would discontinue development of aimeriforsubat for cutaneous lupus erythematosus (CLE) indication. The stock touched a two-month low of 41,600 won (-10.73%) earlier in the trading session.

According to ChainCatcher, Bytedance's Phone Assistant released a statement on September 27 addressing login anomalies experienced by users of the Nubia NaviX Ultra phone when accessing Honor of Kings. Starting September 24, users reported being unable to log in or participate in ranked matches, receiving "device environment abnormal" alerts and being forcibly disconnected. The Phone Assistant denied operating Tencent's systems, stating its AI exhibited no unauthorized clicks, cheats, or simulat

According to Energy Secretary Sharon Garin, fuel prices in the Philippines will decrease starting September 29, with gasoline rolling back by P0.24 per liter, diesel by P7.57 per liter, and kerosene by P5.85 per liter. President Ferdinand Marcos Jr. also suspended excise taxes on liquefied petroleum gas and kerosene for up to three months to further ease consumer costs.