Gate Crypto Flash News and Market Updates

According to Zhitong Finance, magnetic sensor manufacturer Hexitech reported revenue of 419 million yuan in the first five months of 2026, up 18.8% year-over-year, with net profit surging 169% to 47.93 million yuan. Gross margin improved to 28% from 23.5% in 2025, while capacity utilization at its Bengbu facility rose to 71.6% from 39.5% in 2024.

According to Korea Investment & Securities, Shinseong E&T began mass producing heat sink components for secondary batteries at its Kentucky plant starting in August. The company's first-half revenue reached 110.1 billion Korean won, up 106.4% year-over-year and representing 94.2% of its total 2025 annual revenue. The company plans to expand U.S. production capacity from 110 billion won this year to 240 billion won in 2027 and 430 billion won by 2030, with a key competitive advantage from proximi

According to Herald Economy, NH Investment & Securities launched its first short-term IMA product, "N2 IMA1 Short-term Series 1," on September 29, targeting 100 billion Korean won in subscriptions through October 7. The product features an 18-month maturity, a 4.3% annual benchmark yield, and a total fee of 0.5%, with a 40% performance fee applied to returns exceeding the benchmark. This short-term structure differentiates it from the company's existing medium-term offerings and targets investor

According to Polygon Foundation, Polygon Chain staking rewards will increase to 7.7% on October 1, per an announcement reported by PANews on September 29. The network will allocate 27.3 million POL accumulated in priority fees over the next two months to support the higher rewards under PIP-92.

According to Slowmist Chief Information Security Officer 23pds, on September 29, Apple released a critical update to patch a zero-day vulnerability that has been exploited to steal cryptocurrency wallets. Apple stated that it is aware of a report indicating the vulnerability has been actively exploited in sophisticated, targeted attacks against specific individuals. The vulnerability affects iOS versions prior to iOS 27.

According to reports, Meta Platforms is preparing to enter the European bond market for the first time this autumn to finance artificial intelligence infrastructure expansion. The company completed a preliminary non-deal roadshow in early September to engage European bondholders and present its financial position, AI investment strategy, and future outlook. This move marks a significant shift as Meta, previously reliant on the U.S. dollar debt market—including a $25 billion multi-tranche offerin

According to Verona's announcement on September 28, the payment infrastructure firm launched verUSD, a dollar-denominated stablecoin designed for AI agents to purchase verified data and settle transactions with one another. The launch attracted over $100 million in institutional commitments from ecosystem partners including Animoca Ventures, Figment Capital, Sfermion, Pentos, Ero, and Arkstream. verUSD is supported on seven blockchains at launch: Ethereum, Polygon, Avalanche, Optimism, Arbitrum,

According to the Federal Reserve Bank of San Francisco, stablecoin issuers have increased their holdings of U.S. Treasury securities by $200 billion over the past five years, now filling part of the void left by China's sustained selling of U.S. debt. The increase represents more than 40% of the amount China has sold during the same period. While China has focused primarily on selling long-term Treasury bonds, stablecoin issuers have concentrated their purchases on short-term securities with hig

According to the company announcement, on September 28, Quant-X (02685) completed its placement of 42.908 million shares at HKD3.40 per share with at least six underwriters, representing 7.63% of the expanded issued share capital of 563 million shares post-completion. Separately, a shareholder deposited 16.718 million shares with Tiger Brokers Hong Kong Global, with total deposited holdings valued at HKD164 million (8.26% of market cap), and shareholder stake increased by 3.21%.

Mech-Mind (09615), which listed on the Hong Kong Stock Exchange on September 1 with record 3,835 times oversubscription for a robot IPO, saw its stock price decline sharply to 79.5 HKD as of September 28, marking a 21% decline from the issue price of 101.7 HKD. At IPO valuation, Mech-Mind's market cap of approximately 127 billion HKD translates to a price-to-sales ratio of over 30 times based on 2025 revenue of 3.89 billion yuan. However, recent disclosures reveal that 99% of the company's reven

According to Hong Kong Stock Exchange filings, on September 28, STERLING GP (01825) underwent share transfers totaling HK$4.064 million, representing 5.08% of total holdings. The company transferred 832,000 shares to Bowin Securities International Hong Kong and transferred out 422,000 shares from Futu International Hong Kong. The company reported a revenue of approximately HK$328 million for the fiscal year ended March 31, 2026, with a net loss of HK$62.279 million.

According to Yonhap Infomax, Naver CEO Choi Soo-yeon visited Mexico on Sept 24-25 as part of a presidential economic delegation to discuss AI business cooperation with government and IT industry leaders. The CEO met with Mexico's economy minister and science minister, as well as SoftTek Mexico's CEO, to present Naver's public AI transformation strategy, sovereign AI initiatives, and AI factory business. Naver is currently evaluating a digital twin pilot project in two major cities in Querétaro s

According to Hong Kong Exchanges and Clearing disclosures, on September 28, Shandong Molong (00568) shareholders deposited 11.209 million shares worth HKD 133 million into UBS Securities Hong Kong, representing 11.93% of the company's total holdings.

According to Samsung Electronics, the company displayed a congratulatory video for Nvidia CEO Jensen Huang on New York's Times Square digital billboard from September 27 to 28. Huang received the 2026 Van Fleet Award, established by the Korea Society to honor individuals and organizations advancing U.S.-Korea relations and cooperation, particularly in defense and technology sectors. Huang was selected for his leadership in AI and accelerated computing innovation and contributions to expanding U.

According to Hong Kong Stock Exchange disclosures, on September 28, a shareholder of Sunming China (02699) deposited 2.474 million shares worth HK$12.78 million into UOB Kay Hian (Hong Kong), increasing the shareholder's stake by 9.40%. The deposit represented 9.41% of the company's total shareholding. The company also released its interim results for the six months ended June 30, 2026, reporting revenue of 55.286 million yuan, up 66.82% year-over-year, while net loss attributable to shareholder

According to PANews and NEAR Intents lead Alex Shevchenko, on September 29, Bitget hackers attempted to transfer over $50 million through NEAR Intents, but only $166,000 succeeded while $503,000 was frozen during execution. Shevchenko attributed the interception to NEAR Intents' risk intelligence layer called SHIELD, which automatically detects anomalous fund flows and identifies hacker-linked transactions, then refuses quotes or halts execution. NEAR Intents declined the 5% plus 5% bounty set b

According to Hong Kong Stock Exchange records, on September 28, a shareholder of Continental Aviation Tech Holdings (00232) initiated a stake transfer valued at HK$309 million, representing 6.85% of positions. The shareholder transferred 509 million shares from BNP Paribas to Citibank.

According to Korea Exchange, on September 29, BigWave Robotics surged 207.8% from its offering price of 18,000 Korean won to 55,400 won, while GlobalTech rose 183.5% from 10,000 won to 28,350 won on their first day of trading on Kosdaq. BigWave's institutional pre-listing demand showed a competition rate of 1,109 to 1, raising approximately 4.95 trillion won. This week marks the busiest IPO week of 2026, with four companies listing on Kosdaq.

According to the Financial Investment Association, ISA (Individual Integrated Asset Management Account) subscriber accounts in South Korea surpassed 10.05 million as of end-August, marking over a decade since the product's launch in March 2016. The accounts held 76.5 trillion Korean won in assets, representing roughly 23 percent of the adult population aged 19 and above. The subscriber base grew rapidly, adding 2 million accounts over seven months since January when it stood at 8 million, averag

According to CNBC, Nvidia CEO Jensen Huang rejected characterizing AI model distillation as theft, stating that learning from or training on competitors' products is simply "competition." Huang noted that companies often reverse-engineer Nvidia products to understand how they work. While preferring that competitors not do so, Huang emphasized that "competition makes everything better" and suggested that if companies don't want their products used, they should know their customers and shut down s