Gate Crypto Flash News and Market Updates

According to Glassnode, buying pressure absorbed the $85,000 sell wall yesterday, breaking through a price level that had resisted multiple tests over the preceding week. The platform noted that remaining sell orders have also been withdrawn, suggesting reduced selling pressure above current levels may accelerate upside movement.

According to Korea Exchange, on October 2, optical communication stocks surged on expectations of increased demand from expanding AI data center investments. Deokwoo Electronics traded at 5,330 Korean won, up 20.86%, while Acetech rose 17.39%, Nit Photonics 15.57%, RF Materials 13.56%, and Sunghoo Electronics 12.98%. The rally reflects growing demand for optical infrastructure to enable high-speed data transmission between GPUs in AI data centers, replacing slower copper-based connections. This

According to Jin10, Russia's presidential spokesman Peskov stated on October 1 that Ukraine has not moved closer to the negotiation table over the past year, while most European countries continue to obstruct the resumption of peace talks. Peskov said European nations are accelerating defense spending to approximately 5% of GDP and building security frameworks along NATO lines, describing this as a confrontation mechanism rather than a security-focused approach.

According to Peskov, Russia's presidential press secretary, on October 1, most European countries are continuing to obstruct efforts to resume Russia-Ukraine conflict negotiations, with Ukraine no closer to the negotiating table over the past year. Peskov stated European nations are accelerating defense spending to approximately 5% of GDP instead of seeking tension reduction.

According to Bitcoin Magazine, iTrustCapital CEO disclosed today that over 50% of the platform's clients are buying Bitcoin. The $1.3 billion retirement account platform's executive stated that investors have been continuously accumulating since Bitcoin hit the $58,000 low point.

According to Yonhap Infomax, South Korea's four major financial groups (KB Financial, Shinhan Financial, Woori Financial, and Hana Financial) are expected to post a combined net profit of 5.7261 trillion won in the third quarter of 2026, up 3.45% year-over-year and marking a record for any third quarter. However, the groups face margin pressure as net interest margins (NIM) are expected to decline by 2–4 basis points across the sector, driven by higher deposit rates and funding costs offsetting

According to U.S. Trade Representative Jamieson Greer, speaking on October 1 at the G20 trade ministers' meeting in Milwaukee, the U.S.-China Board of Trade's proposed $60 billion tariff reduction on goods has no timeline for implementation. Greer stated that legal procedures must be followed, including public consultation and formal review processes, before any tariff measures can be adopted. These requirements reduce the likelihood that U.S. consumers will benefit from lower tariff rates befor

According to Yuanta Securities' report on Oct 2, despite U.S. 10-year Treasury rates exceeding 5%, profit-generating capacity rather than rate levels themselves will determine sector performance in the South Korean market. Yuanta's analyst Lee Jae-won identified semiconductors as the central focus for Q3 earnings season, emphasizing the need to concentrate on sectors where both revenue and profit outlooks are improving simultaneously. Yuanta attributed rising long-term rates to U.S. fiscal defic

According to Reuters and the Wall Street Journal, international crude oil prices surged on October 1, with WTI futures for November delivery rising 2.71% to $92.87 per barrel, while Brent crude for December delivery jumped 4.37% to $102.31 per barrel. The rally was driven by two factors: China announced it would halt crude oil product exports to regions outside Hong Kong and Macau to stabilize domestic supply, adding pressure to global oil markets; meanwhile, the U.S. Department of Defense annou

According to Money Today, IBVision Works hit its daily upper limit (6,440 KRW, up 29.97%) on October 2 when trading resumed following the completion of a 5:1 stock consolidation announced in July. Trading had been halted from September 9 to October 1. During the suspension period, the company announced a 3.8 billion KRW battery inspection system supply contract with delivery scheduled through September 13, 2027.

On October 2 at 9:13 AM, S-Oil rose 7.19% to 159,500 Korean won on South Korea's stock exchange, with other refinery stocks also gaining. SK Innovation and GS climbed 3.94% and 2.84%, respectively. Brent crude surged 4.37% to $102.31 per barrel on October 1, while WTI crude in New York gained 2.71% to $92.87 per barrel. The oil price increases followed reports of China suspending petroleum product exports and the U.S. planning to deploy up to 10,000 additional troops to the Middle East.

According to Bloomberg, Anthropic is planning an IPO in mid-November, with a roadshow starting on November 9 and trading potentially beginning before Thanksgiving on November 26. The AI company's valuation is estimated between $1.8 trillion and $2 trillion, with potential funding reaching up to $100 billion, which could set a record for the largest IPO. Anthropric reported 2025 revenue of $4.6 billion, a 12-fold increase year-over-year, but faced an operating loss of $8.06 billion and net loss o

According to MoneyToday, Hanchang stock fell 93.22% to 85 won on the first day of liquidation trading on October 2, down from 1,254 won the previous trading day. The liquidation period runs from October 2 to October 14, with price limits suspended. Individual competitive trading at single prices occurs every 30 minutes from market open to close. The company is set for delisting on October 15, after the Korean Exchange determined in November 2025 that it met delisting criteria due to audit opinio

According to Senator Cynthia Lummis, Wyoming chartered the first digital asset banks in the United States on October 2, establishing an accompanying regulatory framework. Wyoming's banking department and New York's Department of Financial Services have entered into a cooperation agreement to streamline the chartering process and coordinate oversight of entities conducting digital asset-related business.

In the third quarter of 2026, the U.S. 10-year Treasury yield rose 87 basis points, marking its largest quarterly gain since 1994, while South Korea's dollar-won exchange rate declined by about 200 won to around 1,300 won, defying the typical pattern of higher U.S. yields driving dollar strength. According to South Korea's Ministry of Industry, Trade and Energy, September exports reached $120.9 billion, up 83.5% year-on-year and hitting a record high, with the trade surplus reaching $49.8 billio

According to Bitcoin News, a wallet inactive since May 2011 transferred 20.43 BTC ($1.7 million) on October 2, ending a 15.4-year silence. Arkham tracking indicates the bitcoins originated from Braiins (Slush Pool) mining rewards distributed at $3-$4 per BTC. The transfer to a Segregated Witness address incurred less than $1 in fees and has not yet been deposited to any known exchange addresses.

According to Yahoo Finance, the KBW Nasdaq Bank Index, which tracks major U.S. banks, fell 0.17% today (October 2) after dipping as much as 2.4% during the session. The index has declined 13% from its August high and returned to May-end levels. Major banks including Citigroup, PNC, and Bank of America also fell. The sector recorded its worst monthly performance relative to the S&P 500 since 1990 in September, according to Truist Securities analyst Brian Foran.

Japan's 30-year government bond yield decreased by 4 basis points to 4.130% today.

According to Manish Agarwal, KGeN co-founder and CEO, on September 28, the Web3 data firm announced plans to significantly expand its Korean operations, including hiring a local operations team and considering acquisitions of domestic companies. The move follows the July launch of K-Quest, a user participation program that collects Korean and English voice data for AI training. Agarwal emphasized that Korea's aging population and rising labor costs make it a strategic hub for humanoid robot depl

On October 1, Micron (MU-US) posted fourth-quarter earnings that exceeded Wall Street expectations and provided optimistic guidance for the first quarter, driven by sustained strong artificial intelligence infrastructure demand. Shares rose over 3%, making Micron a key driver in the semiconductor sector's rebound. However, the company projected gross margins would slip to 86.25% from the prior quarter's 87% due to wage increases and employee bonuses, dampening investor enthusiasm. CEO Sanjay Meh