Gate Crypto Flash News and Market Updates

According to the U.S. Department of Labor on October 2, average hourly wages rose just 0.13% last month, while consumer prices climbed 0.53% in September, widening the purchasing power gap. Year-over-year, wages grew 3% but inflation reached 3.6%, nearly offsetting worker gains and pushing real hourly wages back to fall 2024 levels, according to the Cleveland Federal Reserve. Job growth also faltered, with September employment additions falling below one-third of economist expectations. The deve

According to Israeli Transport Ministry, the country recently restricted foreign airlines from allowing crew members with single or dual citizenship from 27 countries, including Iran, Iraq, Lebanon, Oman, Pakistan, Qatar, and Saudi Arabia, to operate or board flights to Israel. The restriction follows a recent incident involving an Omani copilot who attacked a flydubai captain.

According to South Korea's Ministry of Land, Infrastructure and Transport and Democratic Party lawmaker Huh Young, two years after the government unveiled a REITs activation plan in June 2024, major policy initiatives remain largely unimplemented. Measures aimed at providing prime sites in new cities to REITS operators and supporting equity investments have yielded zero results, while credit investment targets also show no performance to date. Core reforms including internal reserves for reinves

According to Meritz Securities analyst Park Shin-ae, the top 29 independent Korean beauty brands recorded 59% average annual revenue growth between 2021 and 2025, establishing South Korea as the world's second-largest cosmetics exporter. These brands have rapidly expanded beyond China-focused markets, now penetrating major U.S. e-commerce channels and increasingly accessing European retail networks. Meritz Securities projects Korean cosmetics exports will grow from $9.4 billion in 2025 to $19.4

According to @NEARProtocol, 10,508 USDC flowed in while 10,511 USDT flowed out in the past few hours without incurring any platform fees. The fee-free transactions have drawn attention from the crypto community, indicating heightened interest in stablecoin activity across multiple chains.

According to major South Korean exchanges, on the morning of October 5, GTC (Gitcoin) surged 52.6% to 235 won on Bithumb and 43.66% to 231.3 won on Digital Assets over the previous 23 hours. EDGE (Dfinity) rose 24.46%-27.57% across Upbit, Bithumb, and Coinone exchanges, while FET (Fetch) gained 40.85% on Coinone. In declines, US (Talos) fell 30.19% to 18.8 won on Bithumb, and SUNDOG dropped 23.69% to 2.799 won. Trading volumes for top gainers reached billions of won across exchanges.

According to a TransUnion Consumer Pulse Study released in 2026, 80% of Filipinos surveyed were aware of buy now, pay later (BNPL) services, surpassing the 79% awareness of credit cards. TransUnion Philippines president and CEO Peter Faulhaber described BNPL as the "fastest growing" credit product in the firm's latest Credit Perception Index. When asked which credit products they associated with being "helpful," 54% of respondents picked BNPL, ahead of regular installment payments at 52% and cre

According to Korea Exchange data, South Korean retail investors who purchased stocks during the market crash on July 28–29 saw substantial gains two months later by October 2. An initial 1 million won investment tracking the KOSPI index returned approximately 1.237 million won, representing a 23.67% gain; KOSDAQ investors saw a 34.80% return, reaching 1.348 million won. Top gainers included Doosan Fuel Cell, which surged 127.61% from 20,100 won to 45,750 won; ExGate, up 114.55% from 8,730 won to

According to Korea Exchange data, retail investors in South Korea who bought stocks during the market crash on July 28-29 saw significant gains by October 2. A 1-million-won investment in the KOSPI index on July 29 grew to approximately 1.24 million won, a 23.67% gain. KOSDAQ performed even better, reaching 1.35 million won from the same initial investment, up 34.8% over the two-month period. Among top retail-purchased stocks, Doosan Fuel Cell surged 127.6% from 20,100 won to 45,750 won, while X

According to Bank of America's latest client report released this week, the Sell Side Indicator (SSI) rose to 57.2% in September, just 0.3 percentage points away from triggering a formal sell signal. This marks the highest level since March 2022, according to Business Insider. Historical data shows that when the SSI reached current or higher levels, the S&P 500 had a 36% probability of negative returns over the following 12 months. BofA's equity and quantitative research teams noted the SSI has

Jupiter announced the launch of an offchain message signing standard for its wallet, becoming the first to support the functionality from anzaxyz. The update enables users to sign readable messages, enhancing order limit and dollar-cost averaging strategies. Jupiter has also integrated the new standard with Ledger hardware wallets to significantly improve the user experience.

According to Glassnode, the largest liquidation cluster for Bitcoin is positioned near $90,000 as of today (October 4). If the price reaches this level, leveraged short positions will be forced to liquidate. The platform also identified smaller liquidation clusters near $83,000 and $75,000 over the past two months.

According to data released Friday, the U.S. added only 29,000 nonfarm jobs in September, far below the Wall Street consensus of 90,000, while the unemployment rate ticked up to 4.2%. The weak employment report sparked a sharp pullback in market expectations for a Federal Reserve rate increase in October, with traders now pricing in just a 20% probability of another hike. Market participants say the September employment miss has effectively "killed" October rate-hike expectations.

According to Yonhap Infomax on October 5, Hanwha Group holds accumulated PRS (Participating Reverse Swap) contracts valued at 3.6 trillion Korean won. The contracts are primarily issued by Hanwha Q CELLS, Hanwha Systems, and Hanwha Inc. Hanwha Q CELLS issued 1.5 trillion won in PRS based on overseas subsidiaries including Q Energy Solutions SE and Hanwha Q CELLS USA, as well as Hanwha Hotel & Resorts. These underlying assets face valuation uncertainty and limited disposal pathways, according to

According to POSCO Holdings statement, the company sold stakes in POSCO International and POSCO DX in August, reducing its ownership in each subsidiary to 50% and raising approximately 2.5 trillion won. The proceeds will fund strategic resource projects including lithium development in Argentina. Instead of direct share sales, POSCO used a price return swap (PRS) structure to minimize stock price impact on the subsidiaries. However, the parent company assumes price volatility risk over a three-y

According to South Korea's exchange, Shinhan Asset Management launched the SOL Global DRAM Semiconductor Plus ETF on October 7, investing across 10 major global memory chip and storage companies. The passive fund targets leaders in high-bandwidth memory (HBM), NAND flash, and solid-state drives (SSDs) that support AI infrastructure demand. The ETF allocates approximately 90% to the so-called Memory 7—Samsung Electronics, SK Hynix, Micron, SanDisk, Kioxia, Seagate, and Western Digital—with the re

According to Elon Musk's recent statements, Tesla has upgraded the AI5 chip memory specification to 96GB, up from the originally planned 72GB LPDDR5 memory. The adjustment ensures Tesla is not the sole company adopting the lowest-spec memory configuration. Musk stated that single AI5 chips will match the performance of Nvidia's Hopper series GPUs, while dual-chip configurations would reach Blackwell-level performance. He also claimed that in terms of performance per watt, AI5 chips will deliver

According to Guru Club, Brent crude oil futures expanded gains to 1% on October 5, trading at $103.3 per barrel.

According to Nikkei, Saudi Arabia and the UAE agreed to assist Asian nations in building strategic oil reserves on October 5. A ministerial-level meeting of the Asia Zero Emission Community, led by Japan with 11 member states, will take place this week in the Philippines, where senior officials from both Gulf nations are expected to express cooperation intentions on oil storage capacity.

According to Guru Club, OpenAI CEO Sam Altman disagreed with Anthropic's stance on artificial intelligence risks on October 5, stating he does not believe in the existence of "extremely high existential risk." Anthropic has taken a more cautious position regarding potential catastrophic AI-related dangers, while Altman expressed skepticism about such extreme risk scenarios.