Gate Crypto Flash News and Market Updates

Multiple South Korean exchanges recorded significant volatility on the morning of Sept 2. Siacoin (SC) led gainers, surging 52% on Upbit and 51.88% on Bithumb, trading at 1.25 KRW and 1.255 KRW respectively. Hooked Protocol (HOOK) rose 42.84% on Bithumb to 8.185 KRW. Among decliners, CYS (Cysic) fell 33.99% to 567 KRW on Bithumb, while TAVA (Altava) dropped 33.94% to 3.525 KRW. SKR (Sicker) declined over 20% across exchanges, and BTT (BitTorrent) fell 20% on Coinone. The benchmark period was fro

According to Asia Economy, SBI Investment completed an exit from biotech firm Algernomics in H1 2026, converting a KRW 4 billion seed investment made in 2019 into KRW 78.1 billion, representing a 20x return. The recovery helped reduce the fund's accumulated deficit from KRW 91 billion in 2012 to KRW 9.6 billion by H1 2026, putting it on track to post its first full-year profit in 14 years. Algernomics achieved major milestones prior to SBI's exit: the company secured a technology licensing deal

According to the Financial Supervisory Commission disclosures on September 2, Beuno, a Kosdaq-listed company, decided on a 314 billion won equity offering priced at 4,980 won per share, a 32% discount to the prior day's closing price. The offering will issue 0.45 new shares per existing share, diluting total shares by approximately 45%. Beuno plans to allocate 200 billion won from the proceeds to repay its third-tranche perpetual convertible bond, which carries a step-up clause increasing intere

According to Jin10, during a closed-door meeting on Tuesday, Trump urged U.S. refiners to increase domestic gasoline and diesel production, aiming to lower gas prices for Americans. He inquired with industry executives about capacity expansion and discussed regulatory reforms and additional investments. Refinery executives argued that federal biofuel blending mandates and alternative fuel quotas are pushing up retail gasoline prices, and questioned the government's record-setting blending target

According to Gavin Baker in a recent a16z Podcast episode, Nvidia has built a comprehensive moat extending far beyond chip design. Baker emphasized that CEO Jensen Huang has created an integrated advantage spanning supply chain control, hardware, ecosystem, and financing mechanisms that would be extremely difficult for competitors to replicate. Baker highlighted that Nvidia currently offers nine chip varieties including accelerators, CPUs, Ethernet switches, two GPU types, and InfiniBand, formin

According to an iM Securities report, South Korea's average daily exports in August reached $4.47 billion, up 72.5% year-over-year and marking the second-highest on record. Meanwhile, capital investment surged 24.9% year-over-year in August, with equipment investment maintaining double-digit growth momentum in the third quarter as semiconductor exports remain robust. August trade surplus reached $34.75 billion, marking the third consecutive month above $30 billion. According to analyst Park Sang

On Tuesday, Jim Cramer said CNBC's Investing Club is adopting a defensive posture as oil prices and interest rates surge amid geopolitical tensions. West Texas Intermediate crude jumped 5% to above $90 per barrel following U.S. military strikes against Iranian targets near the Strait of Hormuz after attacks on oil tankers. Cramer's Charitable Trust raised its cash position to 15%, which he described as "extremely high." The fund exited its Corning position entirely and trimmed Broadcom to increa

According to South Korea's tax authority, the government will begin taxing cryptocurrency investment gains from Jan. 1, 2027, with a 22% tax rate (including 2% local tax) applied to annual gains exceeding 2.5 million Korean won. However, the framework contains significant gaps less than four months before implementation. The current income tax law classifies crypto gains as miscellaneous income subject to separate taxation and does not allow losses from one year to offset profits in the next yea

According to AIG/PWC, Australia's manufacturing performance index came in at -16.6 in August, improving from -19.6 in July.

South Korea's Consumer Price Index (CPI) reached 3.1% on a year-on-year basis in August, exceeding the prior month's 2.8% and coming in slightly below the forecasted 3.2%.

South Korea's consumer price index rose 0.2% month-over-month in August, falling short of the 0.3% expectation and reversing the previous month's 0.2% decline.

According to BizWatch, Macquarie Asset Management and Align Partners are in dispute over the public acquisition price of South Korean web hosting and cloud company Gavia since July 20. Macquarie's investment vehicle DCK Investment is bidding 48,000 KRW per share, while Align Partners, the company's third-largest shareholder with 14.29% stake, values Gavia at 65,400-79,900 KRW per share. The core disagreement centers on valuation of Gavia's listed subsidiary KINX, a data center and internet infra

Australia's AIG construction performance index improved to -6.9 in August from -40.6 in July, signaling a substantial recovery in the construction sector's activity.

According to blockchain intelligence firm TRM Labs, 32 price manipulation attacks were recorded in 2026, exceeding the total for any previous full year—compared to 12 in 2025. These attacks now account for roughly one-eighth of hacking incidents, up from one-seventeenth in 2022. DeFiLlama data shows total value locked in crypto collateralized lending protocols has grown approximately 56% over the past two years, nearing $50 billion, with active loan volume close to $29 billion across over 570 le

According to President Putin, Ukrainian military operations over the past 40 days since June have caused damage equivalent to approximately 1% of Russia's GDP. The Russian president, speaking to reporters in Bishkek, Kyrgyzstan, stated that roughly 100 ships were damaged during the operations.

Kakao Mobility is pursuing a U.S. American Depositary Receipt (ADR) listing to facilitate the exit of existing financial investors including TPG, according to Yonhap Infomax. The company has engaged Bank of America, Morgan Stanley, and UBS as underwriters for the process. Rather than issuing new shares, the listing structure will involve the sale of existing investor stakes to American investors, with no dilution to Kakao's ownership stake. TPG has held investments in Kakao Mobility exceeding 50

According to Shinhan Investment & Securities, on September 2, the firm upgraded Hana Financial Group's (086790) target price from 150,000 won to 160,000 won, citing improved earnings and capital ratios from won appreciation against the dollar. Q3 net profit attributable to shareholders is forecast at 1.3008 trillion won, up 14.9% year-over-year and beating market consensus by 5.3%. The analyst expects foreign exchange gains of approximately 150 billion won in Q3 as the won-dollar rate fell below

According to the U.S. Embassy in Qatar, on the evening of September 1, the mission issued a security alert warning American citizens of heightened tensions in the Middle East and the potential for unforeseen escalation. The embassy advised U.S. citizens in the region to remain vigilant and monitor potential flight cancellations, airspace closures, and travel disruptions. Those planning travel to and from the Middle East were urged to closely follow airport and airline operational updates.

According to CNBC, Palo Alto Networks (NASDAQ: PANW) reported Q4 FY2027 revenue of $3.41 billion on September 1, up 34% year-over-year and surpassing market consensus of $3.35 billion. Adjusted earnings per share came in at $1.02, exceeding analyst expectations of $0.98. The company attributed strong results to growing demand for AI-powered cybersecurity solutions amid rising agentic AI threats. CEO Nikesh Arora characterized AI threats as a long-term growth driver rather than a temporary phenom

New Zealand's building permits year-on-year growth rate fell to 10.1% in July, down from 32.1% in the previous month.