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.
Today
02:15
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China's Largest Freshwater Lake Poyang Water Level Drops 2.47m in One Week, Enters Dry Season 42 Days Early

According to Jiangxi Provincial Hydrological Center data, the water level of Poyang Lake dropped rapidly in recent days. On September 20, the water level at Xingzi Station, a key hydrological monitoring point, fell below the 12-meter drought threshold for the first time, marking an early entry into the dry season by 42 days ahead of schedule. As of September 29, 8 a.m., the water level stood at 10.26 meters and is expected to continue declining.
02:13
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China's Taiwan Affairs Office Reiterates Taiwan as Most Important Issue in U.S.-China Relations on September 30

According to China's Taiwan Affairs Office on September 30, spokesperson Zhang Han stated that the Taiwan issue is the most important question in U.S.-China relations, following President Xi Jinping's discussion of the issue with U.S. President Trump on September 24. Zhang Han emphasized that separatism and Taiwan Strait stability are incompatible, and that maintaining peace and stability across the Strait is the greatest common ground between China and the U.S. The office hopes the U.S. will ad
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02:12
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Bitget Releases 47th Proof of Reserves Report with 131% Overall Reserve Ratio Across 19 Assets

According to Bitget's official announcement, the exchange released its 47th proof of reserves (PoR) report showing an overall reserve ratio of 131%, covering 19 asset types. The coverage expanded from 4 asset types to 19 types in September. Reserve ratios for major assets are: BTC at 142%, ETH at 110%, USDT at 107%, and USDC at 154%. Bitget's historical average reserve ratio has maintained above 120%, exceeding the 100% coverage benchmark to provide full protection for user assets.
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BTC0.46%
ETH0.24%
02:09
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South Korea Raises 2026 GDP Growth Forecast to 3.5%, Sees 2.7% for 2027

According to South Korea's National Assembly Budget Office (NABO), released today (September 30), the country's real GDP growth for 2026 is forecast at 3.5%, revised up 1.5 percentage points from the previous March outlook. Growth for 2027 is expected at 2.7%, with average annual growth of 2.7% projected for the 2026–2030 period. NABO attributed the upward revision to sustained export momentum and improved capital investment. Manufacturing is forecast to grow 4.3% in 2027, driven by robust semic
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02:09
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Japan's August Industrial Production Misses Forecast, Down 1.7% MoM

According to Japan's Ministry of Economy, Trade and Industry, the country's August industrial production fell 1.7% month-over-month on a seasonally adjusted basis on September 30, significantly missing market expectations of +1.7% growth. Production declines in automobiles, machinery, and petroleum products drove the downward trend. Year-over-year, output rose 3.4%. Separately, Japan's August retail sales grew 2.7% year-over-year, falling short of consensus forecast of 3.3%. The dollar-yen excha
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02:09
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South Korea's National Pension Service Buys 12.6 Trillion Won in Government Bonds on September 28

According to Yonhapinfomax, on September 28, the National Pension Service and other fund investors purchased approximately 12.6 trillion won in government bonds as part of contrarian buying amid a sharp sell-off by foreign investors. The 10-year benchmark government bond (26-6) saw purchases of 330 billion won, with an additional 106 billion won in off-benchmark 10-year bonds. South Korea's 10-year government bond yield surged 15.7 basis points on September 28 as foreign investors sold around 27
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02:07
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China Coast Guard Conducts Patrols in Huangyan Island Waters on September 30

According to CCTV News, China Coast Guard conducted enforcement patrols in the territorial waters and adjacent areas of Huangyan Island on September 30. The agency has strengthened patrols in the region throughout September and continues to enforce maritime law, dealing with illegal vessels to safeguard national territorial sovereignty and marine rights.
02:07
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China's PLA Southern Theater Conducts Military Operations Near Huangyan Island on September 30

According to Jin10, the People's Liberation Army Southern Theater Command conducted maritime and air force operations in the territorial waters and airspace surrounding China's Huangyan Island on September 30. The operations are part of ongoing efforts since September to strengthen patrol and surveillance in the waters around Huangyan Island, with the aim of reinforcing control over the area and countering unauthorized actions.
02:07
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OpenAI Seeks $30 Billion in Funding at $1.4 Trillion Valuation

According to Bloomberg, as of September 29, OpenAI is seeking at least $30 billion in new funding at a roughly $1.4 trillion valuation. CEO Sam Altman said the company would not go public in 2026 while addressing AI safety concerns, with the funding to provide bridge financing. The move comes as OpenAI's revenue run rate has topped $40 billion, exceeding rival Anthropic's $965 billion valuation from its May 2026 funding round.
02:03
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U.S. 10-Year Treasury Yields Break Above 5%, MOVE Index Surges 30% in Two Days to 104.58

According to Yonhapinfomax, U.S. 10-year Treasury yields broke above the 5% mark on September 30, with the MOVE index—a key measure of bond market volatility—surging more than 30% in two days to breach 104.58. The sharp move reflects heightened investor anxiety over prolonged higher interest rates amid Federal Reserve policy and the U.S. government's substantial fiscal deficit.
MOVE3.84%
02:02
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83% of North American CFOs View U.S. Stock Market as Overvalued, Up 34 Points from Q2

According to a Deloitte survey reported by Fortune on September 29, 83% of North American CFOs at companies with revenues exceeding $1 billion view the U.S. stock market as overvalued. The figure represents a sharp 34-percentage-point increase from the second quarter, when just 49% held the same view. The survey was conducted between August 24 and September 8. Despite this skepticism about the broader market, 90% of respondents expressed optimism about their own companies' financial prospects, w
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02:01
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BlackRock Report: Stablecoins Hit $300B as AI Adoption Accelerates, With $11T Trading Volume in 2025

According to BlackRock's report 'Machine-Native Economy' released as of September 2026, stablecoins reached over $300 billion in circulation with adjusted trading volume exceeding $11 trillion in 2025, representing an 80% compound annual growth rate from 2020 to 2025. BlackRock stated that as AI agents autonomously purchase services and initiate financial transactions, blockchain can provide machine-readable assets and programmable settlement infrastructure, with stablecoins likely becoming the
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02:01
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HBM Prices to Surge 121% in 2027 as AI Server Demand Intensifies Supply Shortages

According to TrendForce, high-bandwidth memory (HBM) blended average selling prices will jump 121% in 2027 compared to 2026 as AI server demand continues to expand amid tightening supply. The price surge is driven by increased HBM4 adoption, gradual rollout of HBM4e, and competition between HBM and conventional DRAM for limited advanced process capacity. TrendForce projects HBM supply constraints will persist through 2027, with memory makers gaining greater pricing power as suppliers struggle to
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02:01
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Puffer Partners With Anchorage Digital for UniFi Custody and Stablecoin Settlement

According to Odaily, Puffer announced a partnership with Anchorage Digital, which will serve as the institutional custodian for Puffer UniFi on its launch day. The two will collaborate on stablecoin infrastructure, native settlement, institutional payments, and AI Agent payments. Anchorage Digital will provide institutional custody and payment infrastructure, while Puffer UniFi will offer high-throughput execution, real-time settlement, and access to Ethereum liquidity. The partnership will also
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ETH0.24%
01:59
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Styrene in Jiangsu Gains Slightly on Sept 30 as Crude Oil and Benzene Rise, Spot Prices at 10,730-10,800 Yuan/Ton

According to Jin10 Futures, styrene in Jiangsu's spot market rose slightly on September 30, driven by gains in crude oil and benzene prices. Buying interest remained cautious ahead of the holiday, with market participants adjusting bids higher amid the supportive supply costs. Current spot and near-spot offers stood at 10,730-10,800 yuan/ton, with October delivery quotes at 10,690-10,710 yuan/ton and November delivery at 10,140-10,200 yuan/ton.
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01:59
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HUG's Mortgage Finance Guarantee Balance Surges 339% Since 2021, Raising Project Finance Risk Concerns

According to South Korea's National Assembly Budget Office in a September 30 report, the Housing and Urban Guarantee Corporation (HUG) showed negative operating cash flow in 2025, signaling structural financial sustainability concerns. The office warned that HUG's mortgage finance guarantee balance has surged dramatically, growing from 2.52 trillion Korean won in 2021 to 11.02 trillion won in 2025—a 339% increase—requiring stronger monitoring of project finance construction sites. Among 133 moni
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01:58
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Samsung Heavy Industries Secures 2 VLGCs Worth 307.4B Won, Achieves 132% of Annual Target

According to Samsung Heavy Industries, on September 30, the South Korean shipbuilder secured two Very Large Gas Carriers (VLGCs) worth 307.4 billion won from a Bermuda-based shipowner, with delivery scheduled by February 2030. The order brings Samsung's commercial ship division to 44 vessels and $7.5 billion in orders for 2026, exceeding its annual target of $5.7 billion by 32%.
01:58
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Daiwa Securities Exits Korean DCM Business as Market Share Drops 70% Last Year

According to Yonhap Infomax, Daiwa Securities exited the Korean debt capital market (DCM) business last year, citing declining market share and underperforming underwriting volumes. The Japanese investment bank's combined public and private bond underwriting volume fell from $806.2 million in 2018 to $240.3 million last year—a 70% decline—while its market share contracted from 2.16% to 0.32%. The company suspended its DCM underwriting operations but maintains bond trading and sales functions in
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