Gate Crypto Flash News and Market Updates

LIT's price plummeted 62.56% in just one hour, falling from a recent high of $0.36976 to $0.136472, amid heightened selling pressure across the crypto market. The token's market cap now stands at approximately $6.16 million, with a 24-hour trading volume of $24,375. The sharp decline raises concerns about price sustainability as buying interest remains weak.

According to a Capital Market Research Institute report released on September 22, perpetual futures linked to South Korean stocks including SK Hynix surged to $176 billion in cumulative trading volume from February to August across 11 offshore digital asset exchanges. SK Hynix-linked products accounted for approximately $161 billion or 92% of the total, while Samsung Electronics generated $14.4 billion and Hyundai Motor $530 million. Some products offered maximum leverage of 50 times. The report

According to South Korea's Foreign Minister Jo Hyun (via Yonhapinfomax), on October 6 the government received an apology message from Ukraine's foreign minister regarding the North Korean prisoner of war repatriation incident. However, Jo stated that the apology falls short of expectations and Seoul plans to take firmer countermeasures. He told a parliamentary hearing that he is reviewing options, including recalling South Korea's ambassador to Ukraine.

According to Yonhap Infomax, South Korea's Deputy Minister of Finance Kwon Dae-young announced on October 6 that the Financial Services Commission has finalized its decision to approve leveraged exchange-traded funds (ETFs). During a parliamentary hearing, Kwon apologized for the market impact, stating the FSC carried "a heavy heart" about the policy consequences and expressed regret that efforts to ease regulatory asymmetry resulted in losses to citizens.

According to an announcement shared with Cointelegraph, OKX has launched OKX Money, a stablecoin savings and payments app, in parts of Latin America, Africa, South Asia and the Middle East. The app allows users to fund accounts using more than 50 supported currencies, with deposits converted into dollar-backed stablecoins. Qualifying customers can earn annual percentage yield (APY) of up to 10% on eligible USDG balances, and can hold USDG, USDC or USDT, send funds and spend with virtual or physi

According to its October 6 statement, MDI Ventures, the corporate venture capital arm of Indonesian telecoms company TelkomGroup, updated its Southeast Asia investment thesis to focus on AI, blockchain, and digital assets. The firm identified Singapore as its main market and plans to back startups in enterprise AI applications, AI infrastructure, governance software, real-world asset tokenisation, institutional custody, and regulated digital asset infrastructure.

According to Yahoo Finance, U.S. 10-year Treasury yields hit 5.33% on October 5, the highest level since 2002, and are currently trading at 5.31%. The surge reflects increased bond supply amid reduced demand from traditional long-term investors, according to economist Mohamed El-Erian. Eric Wallerstein, strategist at Clocktower Group with prior experience at the White House and Federal Reserve, stated that the bond market poses an immediate threat, while investor Peter Schiff highlighted that an

According to Korea Securities Finance, on October 6, the company issued $300 million in foreign currency bonds for the first time since its establishment in 1955. The three-year bonds carry a yield of 4.977%, comprising the three-year U.S. Treasury yield plus 47 basis points, and received an Aa2 rating from Moody's, matching South Korea's sovereign credit rating. Investor composition included banks (48%), asset managers (39%), and others (13%). The company stated the strong investor participatio

According to Korea Exchange, BankSalad, South Korea's first-mover mydata operator, filed its Kosdaq listing application on October 2, with Mirae Asset Securities as the lead underwriter. The fintech platform's H1 2026 consolidated revenue reached 139 billion won, up only 7.3% year-over-year, while operating loss deteriorated from 23 billion won to 49 billion won, primarily due to expansion into insurance agency operations. Financial investors' prospects for successful capital recovery remain unc

According to the Los Angeles Times, President Trump said at a campaign rally on October 6 that Iran could destroy Los Angeles and San Diego. In remarks about a potential U.S.-Iran conflict, Trump stated: "They can destroy a city, let them destroy Los Angeles, let them destroy San Diego. It's just a small price to pay." The comments sparked swift criticism from California leaders, with Governor Newsom writing on social media that the remarks were "unhinged and dangerous," while San Diego Mayor To

According to Jin10, executives from Los Angeles and Long Beach ports stated on October 6 that they expect to strengthen trade cooperation with China. Both officials emphasized that stable U.S.-China relations are crucial for global economics, American consumers, and international supply chain resilience. For Los Angeles Port, China trade currently accounts for approximately 40% of its business volume. Long Beach Port executives noted that enhanced cooperation would mean more stable cargo volumes

Japan's 10-year government bond auction recorded a tail spread of 0.02 today, marking the lowest level since June 2025. The tail spread indicates the difference between the auction's weighted average price and the lowest successful bid, with tighter spreads suggesting stronger demand.

Japan's 10-year government bond auction recorded a bid-to-cover ratio of 3.76, marking the highest level since May.

According to Thailand's Commerce Ministry, the consumer price index rose 2.82% year-on-year in September, below the expected 3.1%. The ministry forecast full-year inflation at 1.8% to 2.2%.

South Korea's KOSDAQ index rose 2.65% to 916.95 on October 6, the first trading day following the holiday break, breaking past the 910-point threshold. Juseong Engineering surged 17% and climbed to second place by market capitalization in the KOSDAQ market. The index opened higher and extended gains throughout the morning session. Foreign investors and institutions purchased net 129.4 billion won and 41 billion won respectively, supporting the index, while retail investors sold 168.4 billion won

According to the New York Times on October 5, U.S. companies are continuing aggressive investments in artificial intelligence and data centers despite the Federal Reserve's efforts to combat inflation with high interest rates. In the second quarter of 2026, corporate computing equipment investments surged 60% year-over-year to over $100 billion, and data center construction spending has grown more than five-fold since early 2022. Projections suggest investments in AI chips, data centers, and pow

According to StockTwits, Novavax (NVAX) surged 20% yesterday as a Russian plague lab worker's death sparked buying in vaccine and biodefense stocks. Emergent BioSolutions (EBS) climbed 14%, Arcturus Therapeutics (ARCT) gained 13%, and Moderna (MRNA) rose 7%. The rally broadened to protective equipment and antiviral stocks, with Lakeland Industries (LAKE) gaining 15% and Alpha Pro Tech (APT) and NanoViricides (NNVC) each rising 13%. Russian authorities called the regional situation stable, while

According to FactSet, 60% of S&P 500 components have received "buy" ratings from Wall Street analysts, marking the highest proportion on record as the third-quarter earnings season approaches. This compares to a five-year average of 55.9%, while sell ratings remain below the historical average at 5.5%. Analyst sentiment varies sharply by sector. Communication services and information technology lead with 70% buy ratings, followed by materials and energy at 64%, and healthcare at 61%. Consumer st

According to Semafor, Meta has ended its collaboration with UC Berkeley professor and Virtue AI founder Dawn Song's team after approximately four months, citing "work style incompatibility." The tech company recruited Song, along with Virtue AI co-founders Bo Li and Sanmi Koyejo, in June for its Superintelligence Labs. Meta spokesperson Andy Stone told Semafor that the partnership did not develop as expected, though the company declined to disclose specific points of disagreement or confirm whet

According to PANews, on October 6, BAYC co-founder Greg Solano responded to criticism from NFT whale Pranksy, who claimed BAYC damaged the NFT industry by overshadowing the technology with avatar projects, leading to a flood of copycat projects. Solano countered that Pranksy sold BAYC assets worth hundreds of millions of dollars while simultaneously promoting copycat projects and later removed these ventures from her profile. Solano concluded: "Either be the change you want to see, or enjoy the