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
02:17
0

THORChain Breached Multiple Times Since 2021, Refuses to Block Stolen Funds Despite $92.7B in Illicit Transactions

According to BlockBeats, on September 27, THORChain, a cross-chain decentralized liquidity protocol, has suffered multiple security incidents since 2021, with cumulative losses approaching $25 million. Most significantly, the protocol has become a key money-laundering route for hackers, processing approximately $92.7 billion in illicit transactions across at least 7 confirmed incidents between 2023 and 2026. In February 2025, North Korea's Lazarus group laundered about $1.2 billion through THORC
More
BTC0.48%
ETH0.32%
02:17
0

Pump Fun Transfers $8.1M in SOL and USDC to Centralized Exchanges

Gate News message, Pump Fun's fee wallets transferred approximately $8.11 million in digital assets to centralized exchanges over the past four hours. The transfer included 48,000 SOL tokens valued at around $5.83 million and 2.28 million USDC worth approximately $2.28 million.
PUMP4.16%
SOL-0.51%
02:08
0

Foreign Investors Withdraw $12 Trillion KRW From Korean Stocks in September; October Rebound Expected on Samsung, Micron Earnings

According to South Korea's financial investment industry on September 27, foreign investors have withdrawn approximately 12 trillion Korean won from domestic equities this month, with heavy selling pressure concentrated in semiconductor stocks including SK Hynix (5.8 trillion won) and Samsung Electronics (2.7 trillion won). Analysts expect a potential reversal in October as major earnings releases and rate decisions approach. Samsung Electronics' third-quarter operating profit consensus estimate
More
02:08
0

Single-Stock Leveraged ETFs See 92% Trading Volume Drop After South Korea Tightens Deposit Rules

According to a parliamentary analysis released September 27, trading volumes for 16 single-stock leveraged and inverse ETFs in South Korea fell sharply after deposit requirement increases took effect on July 31. The daily average trading volume for these products dropped 92%, from 12.25 trillion Korean won to 990 billion won in the month following the regulation, which raised the minimum deposit requirement from 10 million to 30 million won in cash. For leveraged ETFs specifically, volumes fell
More
02:08
0

Meta Stock Surges 11% on Muse AI Agent Launch; App Hits 2.8M Downloads in 2 Weeks

According to Financial News, Meta stock surged 11% on September 21, fueled by strong market reception to its new personal AI agent, Muse, launched on September 8. The app reached 2.8 million downloads within two weeks and topped the U.S. and Canadian app charts, surpassing ChatGPT to become the number-one free app in both markets. The single-day surge added approximately $200 billion to Meta's market valuation. Muse operates as an autonomous agent, handling tasks like flight bookings, hotel rese
More
02:07
0

Han's Biomedics Stock Triples in One Month on Skin Booster Expectations; Analyst Eyes Revaluation

According to Korea Exchange, Han's Biomedics stock surged to 21,400 Korean won on October 2 last year from 7,030 won in early September, driven by expectations for its ECM-based skin booster CellREDM. The stock continued climbing, reaching a record high of 57,000 won in March this year—an eightfold gain in six months—before retreating to 17,780 won as of September 23 due to profit-taking. Analysts remain constructive. Lee Dong-hee of SmallInsight Research noted that 2027 could validate profit le
More
02:04
0

China-U.S. Relations Drop to Second-Largest Challenge for Foreign Enterprises in China

According to Shanghai American Chamber of Commerce President Zheng Yi, on September 27, China-U.S. relations have dropped from the top challenge to the second-largest challenge for foreign enterprises in China. Zheng noted that domestic competition has emerged as the primary challenge facing businesses operating in the country. He emphasized that stable trade policies and export control measures would help reduce operational uncertainty for foreign companies in China.
02:00
0

Long.xyz Founder Nate Emphasizes Long-Term Holdings, Aims to Reduce Ecosystem PVP

According to Odaily, Long.xyz founder Nate recently stated on X that the platform is designed to reduce reliance on single catalysts (meme trends, AI hype, market peaks) and lower asset failure risk. Nate noted that the crypto market currently lacks platforms offering reliable long-term holdings, as most assets face short-term collapse despite user demand for stability. To address this, Long.xyz balances deep liquidity with multi-upside potential, combining meme attributes with real-world assets
More
PVP2.02%
MEME-1.05%
HYPE1.18%
DEEP4.18%
01:57
0

Beijing Police Bust Cross-Border Scam Targeting Overseas Students, Freeze 780K Yuan Linked to USDT Conversion on Sept 27

According to PANews, Beijing Shijingshan police recently intercepted a cross-border telecom fraud case and froze 780,000 yuan in illicit funds on September 27. The 53-year-old victim received fraudulent calls from overseas while accompanying his child abroad; scammers impersonated domestic police and fabricated money-laundering charges to pressure him into requesting emergency transfers from family in China. The transferred funds were routed through accounts of two other Chinese overseas student
More
01:45
0

Iran Won't Concede on Set Conditions, Says Foreign Minister on September 27

According to Jin10, Iran's Foreign Minister Alagchi said on September 27 that Tehran will not make concessions on its predetermined conditions, and the opening of the Strait of Hormuz depends on whether Iran's proposed conditions are met. Alagchi noted that Iran has received the U.S.'s preliminary response to its proposal but is still awaiting specific information from the mediator regarding the final position. Iran will decide accordingly once the mediator conveys the final stance.
01:38
0

Foreign Investors Buy KOSPI 200 Leverage ETFs While Retail Short via Inverse Products; Leverage Up 9.24% vs Inverse Down 12.99% in Sept 1-23

According to Korea Exchange and KOSCOM data for Sept 1-23, foreign investors predominantly purchased leveraged ETFs while retail investors took opposite positions through inverse products. Foreign investors bought KODEX Leverage (tracking 2x daily KOSPI 200 returns) worth 214.4 billion Korean won and single-stock leverage ETFs. Retail investors, conversely, purchased 121.7 billion won of KODEX 200 Futures Inverse 2X (tracking -2x daily returns) and 100.5 billion won of KODEX Inverse. Performance
More
01:38
0

Global PE Firms Invest Record $37B in South Korea in 2026, Led by KKR

According to The Fact, global private equity firms invested approximately $37 billion in South Korea by early September 2026, approaching the 2021 record of $41.4 billion, with KKR leading at $3 billion—the firm's highest annual Korean investment. Investment flows are increasingly directed toward artificial intelligence infrastructure, including data centers, power, and renewable energy, beyond semiconductors. KKR invested $880 million in Samsung SDS convertible bonds and $3.08 billion in SK Tel
More
01:34
0

Microsoft Surges 3.7% as AI Stocks Lead, S&P 500 Up 0.51% on Sept. 26

According to U優分析, U.S. stock indices rose on Friday, Sept. 26, with the S&P 500 climbing 0.51% to 7,743.41; the Nasdaq gained 0.48% to 27,068.72; and the Dow Jones Industrial Average rose 0.93% to 51,828.62. For the week, the S&P 500 advanced 1.2% and the Nasdaq gained 2%. Microsoft (MSFT-US) led AI-linked gains with a 3.7% surge after unveiling new Copilot features, including code generation tools and sustained AI agents. Qualcomm (QCOM-US) climbed 4% and Dell Technologies (DELL-US) rose 5%. A
More
01:34
0

Zuckerberg Says AI Companies Don't Need Industry Coordination for Safe Development, Expresses Optimism

According to Benzinga, Meta CEO Mark Zuckerberg said on Thursday that AI companies do not need industry-wide coordination to safely develop advanced AI systems. He expressed optimism about AI's future, stating that as long as enterprises develop and deploy AI responsibly, the technology will benefit humanity. Zuckerberg rejected concerns around AI doomsday risks, arguing that each AI lab should independently manage risks while prioritizing trust, privacy, and value alignment. He cited Meta's app
More
01:33
0

Crypto Markets See $114M in Liquidations Over 24 Hours, Long Positions Hit Harder

According to ChainCatcher, citing Coinglass data, $114 million in positions were liquidated in the past 24 hours, with $63.09 million from long positions and $50.84 million from short positions. Bitcoin longs saw $3.72 million liquidated against $5.05 million for shorts, while Ethereum longs faced $4.98 million in liquidations versus $4.12 million for shorts. A total of 56,177 traders were liquidated during the period, with the largest single liquidation occurring on Hyperliquid's XRP-USD contra
More
01:32
0

Google Tests Direct Purchases from Flipkart Through Gemini in India, October Rollout Planned

According to TechCrunch, Google is testing a feature that allows shoppers in India to buy products directly from Walmart-owned Flipkart through Gemini and AI Mode. Users in the test see a "Buy" button on select Flipkart product listings, which takes them directly to a Flipkart checkout flow without leaving the AI interface. The early test is limited to some users and a small selection of products, including smartphones, electronics, and mobile accessories. Google plans to roll out the experience
More
01:31
0

3-Year ETH Whale Transfers 30,825 ETH to Bitfinex in 9 Hours, Realizes $72.96M Profit

According to Odaily and on-chain analyst Yuchen, a whale holding Ethereum for 3 years transferred 30,825 ETH (~$83.03 million) to Bitfinex 9 hours ago on September 27. Over the past week, the address transferred a cumulative 112,053 ETH (approximately $300 million) to the exchange at an average entry price of $2,676, realizing a profit of approximately $72.96 million.
ETH0.32%
01:26
0

SK Hynix Suppliers Surge 11x More Than Parent Stock, With Semiconductor Packaging Firms Up 34% in 1 Month

According to Epic Finance, SK Hynix suppliers saw their stock prices surge significantly more than the parent company over the past month. While SK Hynix stock rose 7.63%, semiconductor packaging suppliers affiliated with the chipmaker posted an average gain of 34.39% during the same period. Leading gainers include SFA Semiconductor, up 90.11%, Signetix at 62.65%, and Nepass at 51.48%. The surge reflects strong demand for advanced packaging and testing services as SK Hynix ramps up production of
More
01:21
0

South Korea's Savings Banks Cut Per-Borrower Loans 4.9%, While Private Lenders Raise Loans 5.2%, July Data Shows

According to data submitted to lawmakers by the Financial Supervisory Service on September 23, South Korea's secondary financial institutions showed sharply divergent lending trends as of July. Among the top 20 savings banks, loan balances grew 3.6% to 67.8 trillion won in the first seven months of 2026, but the borrower count surged 9.0% to 2.88 million, pushing average per-borrower lending down 4.9% to about 23.5 million won. The top 20 private lenders exhibited the opposite pattern, with loan
More