Gate Crypto Flash News and Market Updates

Elice Group, an AI education and cloud services provider, has priced its IPO at 70,400-90,500 Korean won per share, with public subscription scheduled for October 7-8. The company aims to raise between 156.4 billion and 201.1 billion Korean won through the offering of 2.22 million shares, all newly issued. Funds will be allocated toward expanding data center infrastructure, including facilities in the Seoul metropolitan region and Honam region to support government AI computing projects and priv

According to Wccftech, Tesla recently upgraded its AI5 chip memory capacity to 96GB, up from the initially planned 72GB, to avoid being the sole vendor using the lowest LPDDR5 specification. CEO Elon Musk stated that a single AI5 chip's performance will match Nvidia's Hopper-series GPU, or reach Blackwell-series level with a dual-chip configuration. Musk also claimed the AI5 delivers three times the performance per watt compared to Nvidia chips, with total costs just 10% of Nvidia's equivalent o

South Korea will officially implement its securities tokenization system in February 2027, according to regulatory announcements, enabling stocks, bonds, and funds to be issued and managed using blockchain technology. The tokenized securities will retain their original nature and remain subject to capital market regulations; tokenization primarily changes the recording and management method rather than transforming traditional securities into virtual assets. The framework aims to expand investme

According to Digital Daily, SK Hynix shares traded on October 2 at a significant premium on Nasdaq compared to the domestic Korean market. The semiconductor company's American Depositary Shares (ADS) converted to approximately 2.63 million Korean won, while domestic stock closed at 1.84 million won, representing a roughly 40% price differential. At the time, SKHY on Nasdaq closed at $195.13, up 0.84% from the prior session, with the won trading at 1,349 per dollar.

According to Guru Club, Iran's central bank injected $2 billion on Saturday, Oct 4, to support the rial amid U.S. sanctions and maritime blockade pressures. The Iranian national television reported that state-owned banks have begun selling up to $2 billion to defend the currency. According to bon-bast, a free market tracking platform, the U.S. dollar selling price reached 2.688 million rial, up from 2.632 million rial on Friday, while alanchand reported 2.695 million rial per dollar. The rial ha

The dollar index (DXY) dropped 0.1% to 101.88 on Friday (Oct 2), yet extended gains for a third consecutive week as support from elevated U.S. Treasury yields and hawkish Federal Reserve expectations offset some dollar weakness. The 10-year Treasury yield recovered to 5.285% following September employment data that came in below economist expectations, with unemployment rising to 4.2%. Market participants now forecast an 86% probability that the Fed will hold rates steady later this month, up fr

According to KB Securities researcher Lim Jae-gyun on October 4, year-end interest rates in South Korea will likely stabilize downward as the key factors driving rate hikes have been largely exhausted. The three major drivers of earlier rate increases—growth expectations, inflation concerns, and government bond issuance worries—have significantly diminished. The government reduced October bond issuance and signaled intent to repay debt using surplus tax revenue, while September inflation eased t

According to Guru Club, U.S. Senate Republicans formally introduced a cryptocurrency tax bill on October 1.

According to Axios, U.S. Treasury Secretary Bessent stated on Saturday that recent Treasury yield increases align with global trends and do not warrant excessive concern. He noted the U.S. is not seeing investors shift from American bonds to German or Japanese debt. Bessent also dismissed concerns about an AI bubble, citing major tech companies' significant investments and revenue growth at firms like Anthropic and OpenAI.

According to market analysis, U.S. equity indexes showed mixed performance for the week ending October 2. The Nasdaq Composite rose 0.45% while the S&P 500 fell 0.27% and the Dow Jones Industrial Average dropped 1.26%. The Philadelphia Semiconductor Index gained 3.69%, marking the strongest sector performance. For the week of October 5–9, markets are expected to focus on U.S. Treasury yields and crude oil prices, with limited major economic data scheduled. Rising interest rates have pressured tr

Federal Reserve Bank of Cleveland President Hammack said on October 3 the Fed will have sufficient time to evaluate data and determine appropriate policy ahead of the month-end FOMC meeting. "We'll receive substantial information before the meeting's end, ensuring we have ample time to decide on the proper policy stance to fulfill our dual mandate," Hammack stated. On the employment side, he indicated satisfaction with current performance. However, he emphasized inflation remains a major concern

According to South Korea's defense industry, major listed companies including LIG Defense & Aerospace, Hanwha Systems, Hanwha Aerospace, and M&C Solutions are participating in the development and production of air defense systems such as Chieftain II and L-SAM in response to escalating North Korean missile threats. LIG Defense & Aerospace handles system integration and missiles for Chieftain II, while Hanwha Systems develops radars for both Chieftain II and L-SAM. Hanwha Aerospace manages launch

According to South Korea's defense industry, companies developing the Chungung II air defense system and L-SAM long-range surface-to-air missile have seen significant stock gains since March amid heightened Middle East tensions. As of October 2, LIG Defense & Aerospace rose 81%, Hanwha System gained 52.4%, and Hanwha Aerospace advanced 13.9% year-to-date. These firms produce key components including guided missiles, multi-function radars, and launcher systems. The Chungung II system has been exp

According to Guru Club, spot gold prices in yuan fell below 900 yuan/gram on October 3, declining 1% intraday.

On Friday (Oct 2), U.S. President Donald Trump announced the United States will not implement a diesel export ban, reversing his previous stance amid the ongoing Iran-related energy crisis. The announcement came as G7 nations agreed to release a combined 100 million barrels of diesel and crude oil from strategic reserves over the next four months to stabilize global energy markets.

According to Korea Exchange data released October 4, KOSDAQ-focused exchange-traded funds delivered outsized gains over the past month, with top performers rallying 26-32%, while the vast majority of investor inflows—about 5.35 trillion Korean won—flowed into money market and U.S. equity index products that averaged just 0.83% returns. The KOSDAQ Index itself rose 11.11% in the month, with small-cap semiconductor and component suppliers driving outperformance. DS KOSDAQ Active led all leveraged-

According to Odaily, Porsche ended its Web3 project and PIONEERS CIRCLE on October 1. The PORSCHE 911 NFT collection, which minted 2,363 of a planned 7,500 tokens at 0.911 ETH each in January 2023, has generated approximately $20 million in cumulative trading volume. Holders retain ownership and trading rights; the company disclosed no plans for token destruction, buyback, or redemption.

According to a statement released by the U.S. Coast Guard on October 2, the agency intercepted a cargo vessel in the Caribbean Sea in early September that was allegedly conducting illegal fuel shipments to Cuba. Coast Guard personnel boarded and inspected the vessel, subsequently escorting it to Puerto Progreso in Mexico's Yucatan Peninsula. The Mexican Navy confirmed 'large amounts of fuel' were found in the vessel's ballast tanks, along with several containers suspected of carrying illegal fue

NEAR Protocol shared updates on scalability and quantum security today, with its official tweet receiving 472 likes and 61 retweets. The engagement reflects growing interest in the protocol's technological advancements.

On October 2, U.S. 10-year Treasury yields closed up 2.99 basis points at 5.2706%, then spiked down to 5.1528% following the non-farm payroll data release at 20:30 Beijing time, marking a V-shaped intraday reversal. Two-year Treasury yields rose 3.12 basis points to close at 4.8247%, diving to 4.6913% after the NFP announcement before rebounding to 4.8477% later in the session.