Gate Crypto Flash News and Market Updates

According to Jin10, overnight on September 29, major U.S. stock indices fell sharply. The Dow Jones declined 0.67% to 51,481.51 points, the S&P 500 fell 0.77% to 7,683.69 points, and the Nasdaq dropped 0.92% to 26,820.38 points. Boeing fell nearly 7% after the Federal Aviation Administration delayed airworthiness certification for the 737 MAX 10. International commodity markets showed mixed performance. COMEX gold futures fell 4.00% to $4,148.50 per ounce, while crude oil prices gained, with WTI

According to Kiwoom Securities, on Sept 29, the South Korean brokerage raised its target price for entertainment company SM Entertainment from 110,000 KRW to 130,000 KRW, citing resolution of artist contract uncertainties. The move follows July's contract renewal of boy group NCT 127 and August's renewal of NCT Dream, eliminating uncertainty around the company's highest-revenue intellectual properties. Analyst Lim Soo-jin projects 2027 operating profit of 228.3 billion KRW, representing 26% year

According to insurance industry sources, the Korea Deposit Insurance Corporation (KDIC) is holding over 1 trillion won in money market funds as the acquisition of Yebyeol Damage Insurance by OK Financial Group remains delayed. The transaction, originally targeted for completion within the third quarter, is now expected to close by year-end at the earliest. A financial industry official stated that discussions regarding the scale of public funds to be injected are ongoing, with the goal to execut

According to Axios, Meta Platforms is restructuring its communications and public affairs leadership. Tucker Bounds is being promoted to Chief Communications Officer, replacing David Ginsberg in that role. Ginsberg is transitioning to Vice President of Product for Insights Innovation, where he will oversee how AI can improve user research and product development workflows in collaboration with Meta Chief Data Officer Alex Schultz. The reshuffle reflects Meta's strategy to deepen AI integration a

According to Hana Securities on September 29, Samsung Electro-Mechanics is expected to post Q3 operating profit of 661.5 billion won, up 154% year-over-year, as multilayer ceramic capacitors (MLCCs) and flip-chip ball grid arrays (FCBGAs) command higher prices amid strong AI server demand. Revenue is projected at 3.83 trillion won, a 33% increase, with operating margin expected at 17.3%. Hana Securities maintained its 'buy' rating and 300-million-won price target, citing sustained supplier advan

According to Shin Young Securities analyst Lee Kyung-rok, Korea's five power generation subsidiaries' approximately 24.1 trillion won in won-denominated corporate bonds could reclassify as special bonds when consolidated into a state-funded entity named Korean Generation in October 2027. If the merged entity is established as a government-backed statutory corporation rather than a subsidiary, newly issued bonds may qualify for special bond status, potentially reducing its cost of capital as inve

According to Daishin Securities on September 29, the brokerage downgraded its target price for LG Innotek from 1.3 million Korean won to 920,000 Korean won, citing won-to-dollar exchange rate weakness as a headwind for third-quarter profitability. The company's Q3 operating profit is expected to reach 149.6 billion won, down 26.6% year-over-year and below market consensus, as the won has weakened approximately 12% since end-June, increasing relative cost pressures due to timing differences betwe

According to Heungkuk Securities on September 29, the brokerage cut Hotel Shilla's target price from 65,000 to 55,000 Korean won, citing limited duty-free sales growth despite increased Chinese visitors. Analyst Park Jong-ryul estimated the company's third-quarter operating profit at 63.5 billion won, up 455.1% year-over-year, but revenue is projected to decline 4.5% to 979.8 billion won. Park noted that while hotel and leisure segments posted strong earnings, duty-free sales growth remained bel

According to Toss Team Lead Heo Won-young, speaking today at the Ethereum Korea One: Genesis conference in Seoul, the company views stablecoins as new financial infrastructure to complement or replace existing systems, rather than a standalone service. Toss is building internal technical capabilities and conducting proof-of-concept (PoC) tests with partners to integrate on-chain infrastructure with traditional finance. The company identified three critical success factors: infrastructure accessi

According to Yonhap News, South Korea's 3-year government bond futures fell 9 basis points to 101.94 and 10-year futures dropped 17 basis points to 103.18 in overnight trading on Sept 29. The declines followed weakness in U.S. Treasury yields, which rose sharply: the 10-year U.S. Treasury yield climbed 7.40 basis points and the 30-year yield increased 5.40 basis points. Market uncertainty surrounding the Strait of Hormuz and tensions between the U.S. and Iran contributed to the selloff.

According to ChainCatcher, Anthropic revealed in its IPO prospectus that 2025 fiscal year revenue reached $4.59 billion, representing a 1,088% year-over-year increase. The company reported operating losses exceeding $8 billion and warned that many major clients lack long-term contracts, which could lead to reduced spending. As of end-2025, Anthropic held $20.28 billion in cash and short-term investments.

According to its prospectus, Anthropic reported a net loss of $42 billion in 2025 and plans to spend $518 billion on cloud services, computing, and infrastructure over the next year, according to Reuters.

According to JPMorgan Chase strategy analyst Mislav Matejka on Monday (September 28), the Magnificent Seven's valuations have fallen to their lowest levels in a decade. The investment bank noted that the forward 12-month price-to-earnings ratio of the mega-cap tech stocks relative to the S&P 500 has compressed to near a one-standard-deviation low, and the cohort has underperformed the broader index by approximately 8% since January. JPMorgan acknowledged that the shift from light-asset to heavy-

According to Yuanta Securities analyst Lee Seung-eun, the investment bank raised Korean Colmar's target price from 160,000 won to 185,000 won on September 29, maintaining a buy rating. For Q3-Q4 combined, the company's consolidated revenue is expected to reach 837.6 billion won, up 22% year-over-year, with operating profit of 97.7 billion won, up 67.6% YoY. Despite tube container supply shortages, Korean Colmar is maintaining strong order momentum, according to Yuanta. The analyst noted that uns

According to Yonhapnews, South Korea's KOSPI index fell 191.18 points (2.70%) on September 28, closing at 6,889.74 and dropping below the 7,000-point level for the first time in four trading days. The decline was driven by surging U.S. Treasury yields overnight, with the 10-year Treasury yield rising to 5.241%, marking its highest level since June 2007. Semiconductor stocks also declined as AI investment sentiment weakened, while foreign investors and institutions sold off 3.24 trillion and 1.02

According to Gate Intelligence, Hang Seng Index night futures (September contract) closed at 24,698 points, down 14 points or 0.057% on September 29, trading at a 55-point premium to the spot index.

According to Zhitong Finance, on Monday, Sept 29, Hang Seng ADR rose to 24,714.50 points, up 71.99 points or 0.29% versus Hong Kong closing. Among major blue-chip stocks, HSBC Holdings fell 0.09% to 158.754 Hong Kong dollars, while Tencent Holdings gained 0.20% to 440.662 Hong Kong dollars.

According to Nextrade pre-market data, Samsung Electronics and SK Hynix declined on September 29 amid dividend ex-date headwinds and macro volatility. Large-cap semiconductor stocks weakened together, while broader market sentiment reflected broader uncertainty.

According to Guru Club, WTI crude oil rose 1% intraday to trade at $93.55 per barrel on September 29.

According to media reports from CNN and Axios citing White House officials, the S&P 500 fell 0.8% on Monday (Sept 22), while the Nasdaq 100 declined 1.1% and the Dow dropped 0.7%, as elevated Treasury yields pressured riskier assets. The 10-year Treasury note yield pushed past 5.2%, with the 30-year bond yield surpassing 5.5%, both hovering near multiyear peaks. Federal Reserve Governor Lisa Cook warned that productivity gains from artificial intelligence are unlikely to cool near-term inflation