Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
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04:21
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U.S. Deploys Two Patriot Air Defense Systems to Saudi Arabia and Qatar in September

According to Axios on October 1, the U.S. deployed one Patriot air defense system to Saudi Arabia in September to protect a critical oil production facility, and another to Qatar to safeguard a natural gas facility. The report cited U.S. officials and regional sources. The deployments aim to reassure the regional allies of U.S. commitment to protect their key energy infrastructure.
04:19
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LG Uplus and OptAI Partner on Token Optimization, Boost GPU Efficiency 4x

According to Chosun Daily, on October 2, LG Uplus, a South Korean telecommunications company, partnered with OptAI, an AI model optimization specialist, to develop token optimization technology that reduces GPU and power consumption while improving AI processing efficiency. In earlier tests on a small language model based on LG AI Research's Exaone, the companies ran the model on smartphone neural processing units and achieved 78% power reduction and 82% model size reduction compared to CPU-base
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04:16
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South Korea's KORIBOR Falls Across Key Tenors on Oct 2, 12-Month Rate at 4.09%

According to Yonhapinfomax, South Korea's inter-bank lending rates (KORIBOR) declined across major tenors on October 2. The 12-month KORIBOR fell 4 basis points to 4.09%, while the 2-month rate dropped 1 basis point to 3.27%. Rates across the 3-month, 6-month, and other tenors also retreated, marking a broad-based decline in short-term borrowing costs.
04:03
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Super Inu (SI) Sees 22% Drop in 24 Hours, $3446M Market Cap After One Week Since Launch

According to ChainCatcher, Super Inu (SI) reached 60,000 token holders within one week of launch, with over 30,000 new holders added in a single day. The protocol recorded over $110 million in on-chain trading volume over the past two days and approximately $163 million cumulative volume in the past seven days. SI's market capitalization has declined to $34.46 million with a 24-hour drop exceeding 22%, after rising from $3 million to $70 million. Bonk Guy noted on X that the pullback represents
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BONK-1.60%
04:02
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Korea's Finance Authority Recommends Maintaining Real-Name Crypto Accounts, Questions '1 Entity-1 Bank' Rule on Oct 1

According to a report by the Korea Institute of Finance released on October 1, the country's financial regulator recommends maintaining the real-name deposit account system for cryptocurrency exchanges while reconsidering the '1 entity-1 bank' requirement. The report, submitted to the Financial Services Commission late last year, found that real-name accounts effectively strengthen anti-money laundering (AML) monitoring at the banking stage and lack viable alternatives. However, the institute su
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04:02
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KB Securities Forecasts Q4 Memory Prices to Rise 10-20% as AI Demand Surges

According to KB Securities research division on October 2, memory chip prices are forecast to rise double digits in Q4, with generic DRAM prices expected to climb 10-15% quarter-on-quarter and NAND prices rising 15-20%. The bank cited TrendForce data, projecting strong demand from server DRAM and enterprise SSDs, while SSD bit demand is anticipated to increase over 80% year-on-year driven by rapid expansion in AI inference workloads. Additionally, Micron signaled a significant price increase for
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04:01
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Micron Stock Rises Over 3% on Thursday After Q4 Earnings Beat Expectations

According to Investopedia, Micron's stock rose over 3% on Thursday (Oct 1) after the company reported fourth-quarter earnings that exceeded analyst expectations and provided an optimistic outlook. In contrast, when Micron posted better-than-expected results in June, the stock surged nearly 16% the following day, signaling a shift in investor sentiment. Of 11 analysts tracked by Visible Alpha, 10 recommend buying Micron shares and one offers a neutral rating. Their average price target stands at
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04:00
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U.S. Treasury Designates A7 Network as Major Transnational Crime Organization on October 1

According to the U.S. Department of Treasury, on October 1, the A7 Network has been designated as a "significant transnational criminal organization" linked to Russia and exploited by Iran for sanctions evasion. The Financial Crimes Enforcement Network will prohibit fund transfers involving A7 Network sub-agents and require financial institutions to identify and report related suspicious transactions. Investigations show that A7 Network sub-agents handled over $17 billion in transactions between
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04:00
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SBI Digital Trust Partners with NICE and DSRV on Japan-South Korea Stablecoin Cross-Border Payment Verification

According to Odaily, on October 1, SBI Digital Trust, NICE Information & Telecommunication, and DSRV signed an agreement to verify stablecoin-based cross-border payment solutions between Japan and South Korea. The verification will use QR code payments by Japanese tourists at NICE merchants as the test case, focusing on fund flow mechanisms, transaction instructions, and system connectivity. Each party will contribute expertise: SBI Digital Trust brings Japanese regulatory and financial experien
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