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
02:01
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Bithumb Wins First Place in KCSI Virtual Asset Exchange Category for 2 Consecutive Years

According to South Korea's Korean Productivity Association (KMAC), Bithumb ranked first in the virtual asset exchange category of the 2026 KCSI (Korean Customer Satisfaction Index) survey announced today (Oct 1), marking its second consecutive year winning the award. To boost customer satisfaction, Bithumb introduced AI-powered features including 'AI Stock Signal' and 'AI Stock Analysis' for market insights, as well as an 'AI Trade Kit' for automated trading program creation. The exchange also e
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02:01
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China TCM Distributor Hengcheng Tech Raises IPO Target to $35M, Faces Profit Decline Despite Revenue Growth

According to Zhitong Finance, Hengcheng Technology (HCPC.US) on September 2 completed its fourth F-1/A revision with the SEC, significantly raising its IPO fundraising target on Nasdaq. The latest prospectus shows the offering price raised to $6-$7 per share and share count expanded from 2 million to 5 million shares, with maximum proceeds reaching $35 million—more than double the original $12 million target from 2025. At the $6-$7 price range, the company's post-IPO valuation is estimated at ap
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01:55
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Digital X Launches Sub Account Feature, Enabling Up to 10 Trading Strategies on October 1

According to Digital X, the company launched the Sub Account feature on October 1, allowing users to manage up to 10 trading accounts simultaneously from a single main account by adding up to 9 sub-accounts. The feature enables separate management of assets and performance across different investment strategies and AI agents without additional fees or approval process. Sub-account holders also receive expanded API request limits to ensure stable execution of multiple strategies without interfere
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01:55
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Mirae Asset TIGER 200 ETF Leads Korean KOSPI 200-Tracking Funds With 81.3% Year-to-Date Return

According to Korea Exchange, Mirae Asset TIGER 200 ETF recorded the highest year-to-date return among 15 domestic KOSPI 200-tracking exchange-traded funds, reaching 81.3% as of Sept 30. The fund's net assets surged 126% to 10.2 trillion Korean won from 4.6 trillion won at year-end 2025, marking the largest growth rate among major KOSPI 200 ETFs with over 1 trillion won in assets.
01:55
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SK Haicel Reaffirms No Decision on Solidigm U.S. IPO, Pledges Shareholder Protection on October 1

According to SK Haicel's official statement on October 1, the company reaffirmed that no decision has been made regarding Solidigm's U.S. IPO, despite ongoing market speculation. The company stated it is reviewing multiple capital-raising options for the subsidiary but confirmed that all decisions will be based on long-term shareholder value as the primary criterion. SK Haicel emphasized that any external capital utilization would be judged by its impact on existing shareholders' economic intere
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01:51
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Bank of Korea's Forex Interventions Decline 29% in Q2 Despite Won-Dollar Rate Hitting 17-Year High of 1,561 KRW

According to the Bank of Korea, foreign exchange authorities sold $9.612 billion net in the second quarter, down 29% from the previous quarter, even as the won-dollar rate hit a 17-year high of 1,561 won in early June. The won-dollar exchange rate rose 1.26% from end-March to end-June, tracking closely with the dollar index's 1.27% gain over the same period, suggesting the currency movement reflected broader global trends rather than excessive won weakness.
01:51
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RBA Assesses Private Credit Market, Finds No Systemic Financial Stability Risk

According to the Reserve Bank of Australia's half-yearly Financial Stability Assessment released on Thursday, October 1, the RBA downplayed concerns from the recent collapse of a major real estate developer, stating that the company and private credit lenders do not currently pose systemic financial stability risks. The RBA noted that while the private credit market has grown in recent years, its relatively small size and structural characteristics mean it does not constitute a systemic threat.
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01:49
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Dongkook Pharm Forecasts Cosmetics Exports of 120-140 Billion Won in 2026, Up 4-4.7x from 2025

According to LS Securities on October 1, Dongkook Pharm (stock: 086450) forecasted cosmetics exports of 120-140 billion won in 2026, up 4-4.7 times from 30 billion won in 2025. First-half exports reached 53-54 billion won, with larger quarterly volumes expected in the second half. The growth is driven by expanded online sales through Amazon and TikTok in the U.S., Japan, and China, with offline distribution expansion anticipated from 2026 onward. The company's functional cosmetic MadeKa Cream co
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01:49
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Korea Investment & Securities Holds AI Infrastructure Financing Briefing, 480+ Participants Attend

According to Digital Daily, Korea Investment & Securities held briefing sessions on September 30 and October 1 to present data center project financing and GPU financing structures. The two events attracted over 480 participants, including data center developers, domestic cloud providers, major corporations, banks, institutional investors, asset managers, and construction firms. The briefings covered the industry's shift toward AI factories, data center financing structures, overseas funding mod
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01:49
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Zeya Health Acquires ConnectLah as Revenue Surges 15x Over Past Year

According to an announcement from Zeya Health, the Singapore-based healthcare software startup has acquired ConnectLah, a clinic automation company. The acquisition integrates ConnectLah's product and technology into Zeya's AI-powered healthcare platform. Zeya reported that revenue grew 15x over the past year and currently serves healthcare providers across Singapore, Malaysia, Australia, Indonesia, Vietnam, and Cambodia. The company has also secured US$575,000 to support Asia-Pacific expansion,
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01:48
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Australian Corporate Lending Outpaces Expectations in August, Commonwealth Bank and ANZ Lead with 28% and 15% Market Share

According to UBS analysts reported by Jin10, Australian corporate lending in August demonstrated resilience exceeding market expectations, with growth rates surpassing housing loans despite macroeconomic uncertainties. Among major banks, Commonwealth Bank of Australia and Australia and New Zealand Banking Group (ANZ) led corporate lending activity, capturing 28% and 15% of new lending flows respectively. Regional banks showed even stronger momentum, growing corporate lending at rates exceeding t
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01:44
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LG Electronics' Q3 Operating Profit Forecast to Jump 36.7% Year-over-Year to 1.06 Trillion Won

According to multiple securities firms, LG Electronics' third-quarter operating profit is estimated to reach 1.06 trillion won, up 36.7% year-over-year, despite headwinds including won appreciation and rising logistics costs. Revenue is projected at 24.6 trillion won. The result reflects improved product mix in appliances and electric vehicle components, alongside steady profitability in media operations. Long-term, brokerages expect LG to transition into a physical AI enterprise, with partnersh
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01:44
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Researchers Propose Shielded Bitcoin Privacy Protocol Using Zero-Knowledge Proofs, September 30

According to Bitcoin Magazine, on September 30, researchers led by Misha Komarov, co-founder of alloc/init, proposed Shielded Bitcoin, a zero-knowledge privacy protocol designed to hide Bitcoin transaction senders, receivers, and amounts without requiring a network soft fork. The proposal leverages Bitcoin PIPEs (Programmable Input/Output Elements) to enable private transactions without custodians, bridges, or modifications to Bitcoin's core protocol. Komarov noted the proposal is a research con
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01:43
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South Korea's Mandatory Public Tender Offer Bill Held for Review as 18 Asset Managers Oppose

According to South Korea's National Assembly, the Capital Markets Act amendment on mandatory public tender offers was held for further review today (Oct 1), following opposition from 18 domestic and foreign asset managers. Yesterday, the investment firms released a joint statement urging lawmakers to reconsider the current proposal, citing concerns that it fails to protect minority shareholders. The amendment would allow acquirers to purchase majority shareholder stakes before conducting public
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01:43
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ElevenLabs Completes $300M Employee Tender Offer, Valuation Reaches $22 Billion on September 30

According to Reuters, ElevenLabs, a London-based AI voice tools startup, completed a $300 million employee tender offer on September 30, valuing the company at $22 billion. The secondary deal was led by Wellington and T. Rowe Price, with participation from existing backers Andreessen Horowitz and Lightspeed, alongside new investors EQT and Goldman Sachs. ElevenLabs said its AI agents now handle more than 15 million conversations weekly, up 3x from February. The company reported $500 million in a
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