Gate Crypto Flash News and Market Updates

The Trump administration is considering a suspension of the federal gas tax, according to recent reports. Separately, the International Energy Agency is preparing to finalize details on the release of 100 million barrels from strategic oil reserves.

According to reports, AI startup DeepSeek has completed a funding round exceeding expectations at 80 billion yuan (approximately 11 billion USD), with Tencent and CATL leading the investment. The company is planning its initial public offering as early as Q1 2027.

According to South Korea's Financial Services Commission, the second-phase National Growth Fund raised 3.162 trillion won (52.7% of its 6 trillion won target) during its first four days of sales from September 30 to October 3, significantly trailing the first phase's 99.5% in the same period. Despite the broader market decline, the first-phase fund maintained a 1.4% return as of October 6, compared to a 14.55% drop in the Kospi index and a 10.6% decline in the Kosdaq since the fund's establishme

According to South Korea's National Assembly member Park Dae-chul's office citing data from the five major banks, 62% of borrowers in their 60s and 55% of those 70 and older who took out new mortgages last year chose 30-year terms or longer. This marks a significant shift from 2021, when the figures were 48.2% and 45.0% respectively. The average loan amount for those 60 and above reached 143.9 million won, a 44% increase from 99.9 million won in 2021. The shift reflects stricter debt service rat

According to South Korea's financial investment industry data, over 71% of 35 KOSDAQ companies that overestimated earnings saw stock prices fall from their IPO levels in the past year. Among these, insurance platform IJNET fell 76% from its IPO price of 7,000 won to around 1,600 won, having projected 2025 revenue of 418 billion won and operating profit of 43 billion won, but actually achieved only 390 billion won and 33 billion won respectively. Physical AI security firm AutoCrypt saw a 71% decl

According to financial investment industry data, 71% of 35 KOSDAQ-listed companies that overstated earnings guidance last year experienced stock price declines this year, with some facing severe losses. Among the 25 companies, insurance platform AI G-Net saw the steepest drop of 76%, falling from an IPO price of 7,000 won to around 1,600 won, while its actual net operating profit last year reached only 3.3 billion won versus the projected 4.3 billion won. The performance gap is more pronounced w

According to StockTwits, Netlist shares jumped 18% on Tuesday after Micron agreed to pay $600 million to license the company's patent portfolio. The two companies signed the agreements on Monday and announced them Tuesday morning. Micron will pay $30 million per quarter from the fourth quarter of 2026 through the third quarter of 2031 for a five-year, non-exclusive worldwide license covering server memory modules and high-bandwidth memory technology used in AI servers. The companies also agreed

According to Jin10, Houthi forces repelled multiple pushes by Saudi-backed Yemeni government forces toward the strategic Bab el-Mandeb Strait on October 6 local time. During clashes, the Houthis fired 10 ballistic missiles at government troop concentrations and reinforcement units, killing or wounding dozens of soldiers and destroying multiple military vehicles, forcing government forces to withdraw. Over the past 24 hours, Saudi Arabia conducted 66 strikes on western and northern Yemeni provinc

According to analyst Kim Jong-bae at Hyundai Motor Securities, the firm raised MK Electronics' (033160) target price by 28.3% to 29,500 Korean won from 23,000 won on October 7, while maintaining a buy rating. The brokerage assessed the company has entered a cyclical upswing driven by increased memory-oriented wire bonding volumes and high-margin non-memory products. Q3 operating profit for the semiconductor materials division is expected to surge 73.4% year-over-year, with the company planning t

According to a DS Investment Securities report on October 7, the firm raised its target price for Samsung Electro-Mechanics (ticker: 009150) to 2.6 million won from 1.6 million won, a 62.5% increase. The brokerage maintained a 'buy' rating. Based on the previous closing price of 1.675 million won, the stock has an upside potential of 55.2%. DS Investment Securities expects Samsung Electro-Mechanics to beat market consensus in the third quarter, with projected revenue of 3.87 trillion won (up 34.

According to Hana Securities, on October 7, the brokerage raised its target price for cosmetics manufacturer Cosmax from 305,000 Korean won to 380,000 won. The firm expects Cosmax to exceed market consensus in the third quarter, with operating profit projected at 79 billion won, surpassing the consensus of 67.7 billion won. Hana Securities forecasts domestic operations will grow 45% year-over-year, while China and U.S. subsidiaries will expand 25% and 70% respectively. The firm highlighted stron

According to Yomiuri Shimbun, the Japanese government is considering drafting a second supplementary budget for fiscal 2026 this October. The budget is expected to be relatively modest in scale, with a focus on disaster relief and other essential projects. The government aims to finalize the budget by November and seek parliamentary approval during the Diet session beginning in January. This supplementary budget differs from past stimulus-focused packages and aligns with Prime Minister Sanae Tak

According to Reuters Tankan, Japan's manufacturing sentiment index rose to 22 in October, up from 21 in the previous month.

According to statements made October 7, U.S. Vice President Vance said Washington is unsure who makes decisions in Tehran. While the U.S. is engaging with Iranian President Pezeshkian and Foreign Minister Araghchi, Vance noted it remains unclear how much real authority they hold within Iran's power structure following the death of former Supreme Leader Khamenei earlier in the conflict. Vance stated: "One thing we've noticed is that it's not entirely clear how this country makes decisions." Presi

According to Reuters Tankan survey, Japan's October non-manufacturing business conditions index declined to 23 from 29 in September, marking a 6-point drop.

According to CNBC and Investing.com, Berkshire Hathaway increased its stake in U.S. homebuilder Lennar on October 1-2, spending $192.63 million to purchase approximately 2.4 million shares across multiple share classes at prices between $77.12 and $81.90 per share. The purchase expanded Berkshire's total stake to 28.43 million Class A shares and 568,028 Class B shares. The timing coincides with Lennar's stock declining roughly 40% over the past year to near its 52-week low of around $74.

According to Reuters, U.S. Vice President Vance stated on October 7 that Iran must substantially reduce its nuclear enrichment capacity to meet American demands and end the ongoing seven-month conflict. Vance emphasized that any agreement must require Iran to cut enrichment capabilities immediately, not merely promise future reductions. He stated: "If you don't need nuclear weapons, why do you need uranium enriched to 60 percent? If you want to demonstrate commitment to not producing nuclear wea

According to Daishin Securities, Samsung Electronics and SK Hynix exceeded market expectations with stronger-than-anticipated Q3 2026 results driven by rising memory chip prices and stable shipment volumes despite won strength. Daishin raised Samsung's Q3 operating profit forecast to 110 trillion won from 106 trillion won, and SK Hynix's to 78 trillion won from 74 trillion won. DRAM average selling prices (ASP) rose 21% quarter-over-quarter for Samsung and 28% for SK Hynix, while NAND prices cli

According to NH Investment & Securities on October 7, the firm cut HD Hyundai Heavy Industries' target price to 700,000 won from 720,000 won, a 3% reduction, while maintaining a buy rating. The downgrade reflects challenges in the broader shipbuilding valuation, despite strong commercial ship orders. As of end-August, HD Hyundai had secured 13.1 billion dollars in commercial vessel orders, already exceeding its annual target, though rising competition from Chinese shipyards and falling LNG ship

According to Hana Securities, on Oct 7, the firm cut its target price for HD Hyundai Electric to 1.15 million won from 1.44 million won due to won-dollar depreciation pressuring Q3 results. The brokerage estimates the company's Q3 revenue at 1.11 trillion won and operating profit at 286.3 billion won, both below consensus forecasts. Operating margin is projected to reach a record 25.8%. The investment rating remains at "buy."