Gate Crypto Flash News and Market Updates

According to Caroline Pham, former acting chair of the U.S. Commodity Futures Trading Commission, speaking at Korea Blockchain Week 2026 on September 30, New York Stock Exchange infrastructure will migrate to blockchain within five years. Pham stated that collateral tokenization could occur within one to two years. Meanwhile, South Korea's Digital Asset Basic Law remains stalled in the National Assembly over a year after being introduced in June 2025, with unresolved disputes on stablecoin gover

According to speakers at Korea Blockchain Week 2026, international officials have urged South Korea to accelerate blockchain regulation. Acting CFTC Chair Caroline Pham projected that securities exchange infrastructure will migrate to on-chain systems within 5 years, while White House advisor Patrick Witt warned that delaying regulation risks losing leadership to other nations. Meanwhile, South Korea's Digital Assets Basic Law has remained stalled in parliamentary committee for over a year since

According to Korea Exchange, three South Korean companies—TS Most, Kinoton, and Bank Salad—filed applications for KOSDAQ preliminary review on October 6. TS Most manufactures automotive components; Kinoton operates in digital media and spatial solutions; Bank Salad is a financial product intermediary platform.

According to analyst Lee Hwa-jung at NH Investment & Securities, the firm cut its target price for Cheil Worldwide from 24,000 won to 23,000 won on October 6, reflecting near-term performance weakness offset by shareholder return initiatives. The analyst maintained a 'buy' rating, noting that a planned 12% treasury share cancellation scheduled for October 15 and ongoing buyback programs will partially offset earnings-per-share declines. Cheil Worldwide plans to complete additional buybacks of 40

According to Reuters, on October 6, AMD Chief Executive Lisa Su announced the company plans to sharply increase chip supply in 2027 to meet rising AI demand. Su made the statement in Taipei while meeting with Asian manufacturing partners to expand production capacity. The company has already met with Foxconn, a Taiwan-based electronics manufacturer providing AI server and data-center systems, and is scheduled to meet TSMC. Su also stated AMD is collaborating with memory suppliers ahead of a plan

According to Binance Research's October market report released on October 6, Bitcoin confirmed a golden cross on September 8 when the 50-day moving average crossed above the 200-day moving average, with the gap expanding to approximately $7,500. Spot Bitcoin ETF inflows totaled $3.49 billion in September, turning the 2026 year-to-date net flow positive on September 23. Historically, such deep retracements followed by golden crosses have often preceded strong market recoveries.

According to CoinGecko, ApeCoin (APE) traded at $0.161 on October 6, down 4% in 24 hours, as traders eye upcoming community events. ApeCoin and Alchemy are hosting a co-working meetup in New York on October 13, followed by ApeFest on October 17. Meanwhile, ApePay processed its first apparel payments at a Bored Ape Yacht Club pop-up in South Korea, with BorednHungry also beginning to accept the token. The 24-hour trading range stands at $0.1583–$0.166, placing current price action below the $0.17

According to its official changelog dated October 5, Enjin has scheduled two major upgrades pending governance referenda approval: Fort Canning Relaychain runtime 1.8.0 for November 9 and Matrixchain runtime 1.4.1 for November 16, both targeting approximately 16:00 UTC. The upgrades introduce governance enhancements, cross-chain functionality improvements, and marketplace features. ENJ, Enjin's native token, currently trades at $0.033, down 1% on the day, with a market cap of $66 million.

According to EU officials, the European Union will hold a meeting of its oil coordination group on Wednesday, October 7.

According to Edaily on October 6, lawmaker Lee Sung-yun of the Democratic Party proposed amendments to the Korea Investment Corporation law on September 21 that would mandate KIC's headquarters relocation to North Jeolla Special Self-Governing Province. The move has sparked concerns within financial circles over potential damage to KIC's global investment competitiveness. KIC, with $243.2 billion in assets under management and 174 investment professionals among 353 total staff across Seoul and f

According to KB Securities senior analyst Kim Se-hwan, Nvidia increased its share buyback authorization by $150 billion, surpassing Apple's previous record of $110 billion set in 2024. The remaining buyback authorization stands at $235 billion, with execution planned through January 2028. The increased repurchase program aims to improve return on equity (ROE), which is expected to rise from 71% to approximately 80% once the full authorization is deployed. Nvidia's earnings per share are projecte

According to The Information, Meta and Microsoft have required employees to reduce their use of Anthropic's Claude AI model and increase reliance on their own AI tools to cut costs. Microsoft had previously estimated its annual spending on Anthropic's AI at over $1 billion. The company subsequently directed staff to rely less on Claude and shift to internally developed AI solutions, with the related budget already reduced by more than one-third.

According to Houthi spokesperson Brigadier Yahya Saree, Houthi forces struck a Saudi military troop concentration point at the Al-Duqair base in Jizan on October 6 using multiple ballistic missiles. The spokesperson claimed the strike was direct and precise, resulting in dozens of casualties among Saudi forces.

According to Reuters, Houthi forces claimed today they conducted a missile strike on Saudi Arabia's Abha airport, though the Saudi government has not confirmed the attack.

According to Russia's Defense Ministry on October 6, Russian armed forces continued using unmanned aircraft to strike Ukrainian port facilities, military logistics centers, and ships serving Ukrainian forces. Russian military targeted an ammunition depot in Odesa Region, a dock facility for handling military cargo, and a cargo ship transporting dual-use materials for the Ukrainian armed forces. Between the evening of October 5 and early morning of October 6, Russian air defense forces intercepte

According to Saudi Arabia's Energy Minister, the East-West Pipeline was recently attacked and is expected to resume operations within 5-6 days. The pipeline, a key component of Saudi Arabia's oil export infrastructure, experienced disruption but no further details on the attack or damage assessment were disclosed.

According to South Korea's investment banking industry on October 6, IMM Private Equity is pursuing a continuation fund transaction for AirFirst, an industrial gas company, targeting a deal closure in November. The transaction values AirFirst's entire equity at approximately 4.2 trillion won, with a deal size of roughly 3 trillion won involving a 65 percent stake transfer to the continuation fund. Since acquiring AirFirst in 2019, the company's valuation has grown approximately threefold—from 1.

According to NICE Credit Evaluation data as of end-June, Meritz Financial's three subsidiaries show asset quality indicators significantly worse than industry peers following their combined 1.165 trillion won exposure to struggling retailer Homeplus. Meritz Securities' ratio of non-performing assets to capital reached 144.1%, the highest among major brokerages versus an industry average of 99.2%. Meritz Capital's one-month-plus delinquency rate hit 8.4%, triple the 2.7% average across 27 peer ca

According to South Korea's Korea Exchange, during September 4 to October 6, half of the top 10 stocks by individual net purchases recorded negative returns, despite retail investors diversifying away from semiconductor mega-caps. Doosan and HLB led gains with 21.9% and 28% increases respectively. Doosan's surge was driven by AI material production expansion investments and share buybacks, while HLB benefited from FDA approval of its subsidiary Elevate Therapeutics' cholangiocarcinoma treatment.

According to Daeshin Asset Management, the firm launched the Daeshin Shareholder Return High Dividend Fund on October 6, an equity fund targeting South Korean companies with strong shareholder return policies yet relatively undervalued stock prices. The fund analyzes both companies' shareholder return strategies and current share valuations to identify investment opportunities. Key metrics include the shareholder return rate—measuring the proportion of profits distributed to shareholders through