Gate Crypto Flash News and Market Updates

According to analysis by Hankyung Epic AI on October 3, Samsung Electronics' average price target from 24 securities firms reached 498,125 won, representing an 80.5% increase from the October 2 closing price of 276,000 won. The median target stood at 500,000 won. SK Hynix saw similar momentum, with an average price target of 3.286 million won from 24 securities firms, up 78.5% from the October 2 close of 1.841 million won. The median target for SK Hynix was 3.3 million won.

According to SEC Chair Paul Atkins, the Securities and Exchange Commission this week proposed a framework to address regulatory gaps for investment advisers and funds that legally custody crypto assets. The proposal updates custodial rules under the Investment Advisers Act of 1940 and the Investment Company Act of 1940, which were designed for traditional assets and have not been substantially revised in decades. Atkins noted that new crypto asset custody capabilities often lag asset launches by

According to Newsis, U.S. long-term Treasury yields reached their highest level in 24 years on October 2, 2026, undermining stocks' investment attractiveness relative to bonds. Analysts note that third-quarter earnings momentum and potential stabilization in long-term rates—driven by U.S.-Iran negotiations and November midterm elections—may offset the rate headwinds. In South Korea, the KOSPI closed up 0.46% at 7,003.74, while the KOSDAQ fell 0.11% to 893.29.

According to Yonhapinfomax, South Korea's government bond futures rose overnight on October 3 despite weakness in U.S. Treasuries. The 3-year bond futures closed at 102.67, up 3 ticks from the previous session's close, while the 10-year futures climbed 20 ticks to 105.05. Foreign investors and retail traders sold net 78 and 52 contracts respectively in the 3-year segment, with financial investors purchasing 130 contracts. The rise came as U.S. Treasury yields climbed, with the 10-year yield up 3

According to Barron's, Nvidia approached its historic closing high today (October 2), with shares rising 1.3% to $233.95, just $1.79 below the record of $235.74 set in May. The chip maker is directly countering skeptics, including "Big Short" investor Michael Burry, over concerns regarding AI processor longevity. In a blog post, Nvidia senior product marketing manager Shruti Koparkar stated that major tech customers including Meta and Google have extended server depreciation periods to six years

According to South Korea's five major banks, companies accelerated dollar loan repayment following the rapid strengthening of the won. Dollar loan balances held by the banks dropped to $7.584 billion as of end-September from $8.69 billion at end-July, a 12.7% decline in two months. The won strengthened significantly from 1,549.4 per dollar in late June to 1,352.8 in late September, reducing the won-denominated repayment burden. For a $10 million loan, the repayment cost fell from 155 billion won

According to 9to5Mac, on October 2, Apple confirmed that a small number of iPhone 18 Pro Max users on AT&T's network experienced connectivity failures displaying "SOS" and unable to make calls or send messages. Apple released iOS 27.0.1 and carrier settings updates earlier this week to prevent the issue, but affected devices that have already lost service cannot be recovered through these updates and require replacement. Users experiencing persistent SOS disconnections should contact Apple Suppo

According to Yonhap News Agency, Saudi Arabia conducted missile strikes on Al-Nahda military base within the presidential compound in Yemen's capital Sana on October 2 (local time), according to reports from AFP and Reuters. Loud explosions and smoke were observed across Sana following the strikes. The attack marks an escalation in the tit-for-tat campaign, as Houthi forces previously struck areas near the Saudi capital Riyadh with suicide drones and ballistic missiles at the end of September.

According to Yonhap Infomax, Samsung BioLogics' labor union announced a 3-week general strike beginning October 26, citing disputes over wage increases and personnel matters. A previous general strike in May resulted in approximately 150 billion won (roughly $112 million USD) in sales losses. The union is demanding a 9.5% wage increase plus 3 million won; management has offered 6.2%. Labor-management negotiations have been deadlocked since December 2025.

According to Epic Finance, Hyundai Motor's stock fell 8.33% over the past month, declining from near 700,000 won in May to 300,000 won levels. However, the company's 68 major suppliers showed divergent performance based on electrification exposure. Automotive electronics suppliers gained an average of 4.81% amid demand for software-defined vehicles and hybrid powertrains, with embedded software, camera modules, and EV-related components in high demand. DW Duckyang, a cabin module supplier, surge

According to Korea Securities Computing (KOSCOM) ETF data, CD and bond-tracking ETFs surged in net inflows from Sept. 28–30 following the Chuseok holiday, as global government bond yields reached decades-high levels. TIGER CD Rate Investment KIS led the rally with 557.6 billion KRW in net inflows, followed by KODEX Short-Term Bonds with 210.6 billion KRW. The inflows were driven by rising U.S. Treasury yields, with the 10-year note climbing to 5.34% on Oct. 1, marking its highest level in 24 yea

According to Benzinga, citing Andreessen Horowitz's September 2026 market report, technology stocks have risen 22.1% year-to-date, but earnings per share have grown 55.7% over the same period, while valuations have actually compressed. The tech sector's price-to-earnings multiple has contracted 21.6%, and current valuation multiples are approximately 20% below the five-year average. This dynamic—where earnings growth far outpaces stock price appreciation—contradicts typical bubble characteristic

According to ChainCatcher, Avalanche's tokenized stock market value increased by $246 million in September, the largest growth among all blockchains. The expansion was driven by Securitize.

According to Odaily, WWW AI platform browsers have recovered online as of October 2, following intermittent outages during backend restart operations. Symbients are gradually reawakening as browser sessions reconnect, the platform confirmed via X on October 2.

According to the U.S. Commodity Futures Trading Commission (CFTC), leveraged funds' net yen positioning returned to negative territory as of September 29, reaching minus 16,809 contracts, signaling a resumption of short dominance over long positions. The shift comes after the funds maintained bullish positions for two consecutive weeks—the first positive net positioning in 14 months. This reversal follows Japanese authorities' intervention efforts in late August with U.S. support to counter yen

According to Nikkei Asia, Seagate and Western Digital declined sharply on October 2 after Toshiba announced plans to invest roughly ¥60 billion, or $380 million, to double hard-disk drive production capacity for AI data centers by fiscal 2027. Seagate closed at $807.62, down 14.59%, while Western Digital finished at $400.07, down 13.51%. Toshiba currently holds just over 10% of the HDD market by storage capacity but is targeting around 30% share, potentially introducing more competitive supply i

According to Hana Bank, on October 3, the bank forecast the USD-KRW exchange rate range for October at 1,345–1,370 won, citing expectations that both the Federal Reserve and Bank of Korea would hold rates steady this month. The Federal Reserve is scheduled to hold its Open Market Committee meeting on October 27–28. Hana Bank noted that while global dollar strength may continue due to U.S. Treasury yield gains, aggressive consecutive tightening by the Fed appears unlikely given factors including

According to Balaji, the Zcash Zummit will take place on October 9 at Singapore's Network State Conference, gathering prominent ecosystem leaders including Zooko Wilcox and Eli Ben-Sasson. The event will focus on discussions around zero-knowledge proofs and their significance in crypto. Attendees will have the opportunity to receive free ZEC, aimed at enhancing community participation and engagement with the Zcash project.

According to Saudi-led coalition spokesman Turki al-Maliki and reported by Xinhua, on October 2, the multinational coalition intercepted and destroyed 3 ballistic missiles launched by Yemen's Houthi militants toward Jizan, a city in southwestern Saudi Arabia.

On Friday (October 2), U.S. stock indices ended higher as employment data showed weaker-than-expected job growth, easing concerns about an immediate rate hike. The S&P 500 rose 0.7% to close at 7,722.72, the Nasdaq 100 gained 1% to 30,807.93, and the Dow Jones Industrial Average added 0.5% to 51,176.96. September employment figures came in significantly below economist expectations, with only 29,000 jobs added against a consensus forecast of 84,000, while unemployment climbed to 4.2% from the ex