Gate Crypto Flash News and Market Updates

Korea Investment & Securities raised its target price for Korean Colmar on October 6 by 15.6% to 185,000 won, citing strong Q3 export momentum amid recent stock price corrections. The brokerage maintained its "buy" recommendation, noting that while industry fundamentals remain robust, recent profit-taking has created a buying opportunity. Q3 earnings are estimated at 8.39 trillion won in consolidated revenue and 92 billion won in operating profit, representing year-over-year increases of 22.1% a

According to the Australian Broadcasting Corporation, one Australian Army soldier died and five others were injured during a training exercise in northern Australia.

Huawei and Qualcomm reached their first 5G patent licensing agreement with an estimated total value exceeding $6.9 billion, the companies announced today (October 5). The deal marks the initial major cross-licensing arrangement between the Chinese tech giant and the U.S. chipmaker on fifth-generation wireless technology patents.

According to Guru Club, on October 6, Meta Platforms and Microsoft are reportedly working to reduce their employees' reliance on Anthropic's Claude AI model. Meta has cut its employee quota for Claude usage from 60,000 to 30,000 users.

According to Yonhapinfomax, Brazilian real strengthened sharply on October 5, with USD/BRL falling 4.116% to 5.0015, after right-wing candidate Flavio Bolsonaro won the first-round presidential election. Markets priced in expectations that Brazil's fiscal policy would shift toward greater fiscal discipline under his platform. The dollar index rose 0.252 points to 102.136 amid broader currency weakness in the euro, which hit a 17-month low of 1.1220 against the dollar. Euro weakness was driven by

According to Meritz Securities analyst Yang Seung-soo on October 6, the brokerage raised its target price for LG Electronics (066570) from 220,000 won to 250,000 won while maintaining a buy rating. The upgrade reflects growing visibility in the company's AI data center cooling solutions and robotics business segments, which are expected to drive valuation re-rating despite Q3 operating profit forecast of 858.2 billion won, below market consensus of 1,047.9 billion won.

Reflection AI, a U.S. artificial intelligence startup backed by Nvidia, officially launched its first open-weight model Beam on Monday (October 5), targeting Chinese competitors like DeepSeek and Kimi. Beam features a sparse mixture-of-experts architecture with 501 billion total parameters but activates only 23 billion parameters per task, reducing inference computational requirements while maintaining competitive capability. The model achieves approximately one-third to one-quarter of the infer

According to Meritz Securities analyst Yang Seung-soo on October 6, LG Electronics' Q3 operating profit is forecast at 881.7 billion won, missing market consensus of 1.048 trillion won by 15.9%. The shortfall is driven by LG Innotek's weak performance and one-time voluntary retirement costs. Despite Q3 underperformance, Meritz raised LG Electronics' target price to 250,000 KRW from 220,000 KRW, citing accelerating growth visibility in AI datacenter cooling solutions and robotics. The cooling bus

According to @lookonchain, public companies added 3,342 BTC worth approximately $286.31 million during the week of September 28 to October 4. The period also saw stablecoin supply grow by $715.8 million. Meanwhile, decentralized exchange trading volumes declined, with spot volume dropping 3.92% and perpetual volume falling 9.85%.

SPDR Gold Trust, the world's largest gold ETF, increased its holdings by 0.57 tons yesterday (October 4), bringing total holdings to 1,056.266 tons.

According to SEC filing, Strive purchased 2,000 Bitcoin between Sept. 28 and Oct. 2 at an average of $84,422 per coin, totaling approximately $169 million. This marks the publicly traded Bitcoin treasury company's largest acquisition since May 23–June 1, when it bought 2,500 BTC. Holdings now stand at 29,462 Bitcoin as of Oct. 2.

According to DS Investment & Securities, on October 6, the firm raised its target price for Rino Industrial to 100,000 won from 77,000 won, maintaining a buy rating. The firm's researcher noted that Rino Industrial is positioned to benefit from the expansion of co-packaged optics (CPO) technology, as it is believed to be the only company capable of manufacturing test sockets for optical engine chips at the required ultra-fine pitch level. DS Investment expects the company to achieve mass product

Morgan Stanley released an analysis overnight (Oct 4) claiming SpaceX is undervalued compared to other mega-cap AI companies. While SpaceX's 2028 projected EV/EBIT multiple appears higher at 30x versus peers' 16x, when adjusted for growth rate, the PEG ratio drops to 0.3x—40% cheaper than the median 0.5x. Morgan Stanley's $300 price target could be achieved if this ratio rises to Amazon levels, according to the firm's analysis. SpaceX stock climbed 7.63% following the report. Broader U.S. market

According to Korea Economic Daily on October 5, Samsung Electronics and SK Hynix saw their third-quarter operating profit estimates downwardly revised by 3.2% and 1.6% respectively, falling below consensus projections. The won's appreciation from 1,430 to 1,370 per US dollar pressured semiconductor makers' earnings outlooks, while component cost increases and product transition headwinds weighed further on the giants. In contrast, shipbuilder HD Hyundai's Q3 operating profit estimate jumped 12.9

According to Jefferies, a divided government following the U.S. midterm elections scheduled for November 3 would likely be the best outcome for major tech companies investing heavily in AI infrastructure. In a report released Monday, Jefferies analysts said divided government could enable uniform national AI policies to replace fragmented state regulations, ensuring continued rapid innovation that would benefit large-scale players with existing corporate and consumer trust. Jefferies identified

According to Guru Club, on October 1, Republican members of the U.S. Senate formally submitted a cryptocurrency tax bill.

According to JPMorgan's research note released Thursday, the bank recommends selective stock picking ahead of the U.S. midterm elections roughly a month away. The strategists noted that congressional gridlock has historically been the most favorable scenario for equity investors, delivering an average 21% S&P 500 gain over the two-year post-election congressional term since 1950. Under a divided government, healthcare, defense, and select technology firms stand to benefit from reduced policy unc

According to market strategists, U.S. 30-year Treasury yields rose to 5.68% on Monday (October 5), approaching the 6% mark. BNP Paribas strategy analysts warn that a cheapest-to-deliver (CTD) switch mechanism in Treasury futures markets could trigger further yield increases. When yields rise rapidly, the CTD typically shifts to longer-maturity bonds, forcing asset managers to reduce long-term futures positions to maintain portfolio duration, thereby intensifying selling pressure in cash markets.

According to Guru Club, on October 6, New York spot gold broke through $4,170 per ounce, up 0.31% intraday.

According to CNBC, Saudi Aramco CEO Amin Nasser said on October 5 at the Energy Intelligence Conference in London that global crude oil inventory could take up to two years to rebuild after supply disruptions from the U.S.-Iran conflict. Nasser stated that since February, approximately 3 billion barrels of crude supply have been lost, with 1 billion barrels drawn from storage to compensate. He warned that the global energy system is already under pressure and will face further strain until the S