Gate Crypto Flash News and Market Updates

According to ChainCatcher and GMGN data, Solana-based meme coin SI surged past $50 million in market cap overnight, currently trading at $47.02 million with a 1-hour gain of 28.61%. The surge follows Elon Musk's post on X stating 'No more AI, SI, It's better,' referencing super intelligence over artificial intelligence.

According to Korean Economic Daily analysis of portfolios from three major South Korean securities firms, ultra-high-net-worth investors with financial assets exceeding 1 billion won sold 1.6 trillion won in Samsung Electronics and SK Hynix shares during the third quarter, realizing gains amid increased market volatility. Samsung Electronics saw net selling of 864.8 billion won, while SK Hynix saw 718.9 billion won in net selling. Instead, these investors shifted to dividend-yielding preferred s

On October 3, Bitwise CEO Hunter Horsley disclosed he had purchased the Bitwise NEAR ETF personally, without specifying the amount. The announcement came as the fund's third trading day saw net inflows of approximately $9 million, following investor purchases during NEAR's recent market pullback.

According to Bitcoin.com News, listed bitcoin miners reduced 75 EH/s of hashrate in the first half of 2026, corresponding to approximately $1.5 billion in equipment investment based on a unit price of $20 per TH/s. The primary driver was reallocation of power resources to AI infrastructure. Among 12 enterprises surveyed, cumulative asset write-downs and impairment charges totaled roughly $1.1 billion during the same period, with IREN and Core Scientific accounting for approximately 89% of losses

According to analyst Darkfost, Bitcoin's price following a power law model oscillator reached +34.5 on October 3, with BTC trading around $84,700. Based on the model's current parameters, an oscillator level of +100 corresponds to a Bitcoin price of approximately $157,800, representing an 86% increase from the current level. Darkfost clarified that $157,800 is not a fixed target price but a reference level derived from current regression parameters. If the power law trend line continues to rise,

According to Hyperliquid News, decentralized trading platform trade.xyz has surpassed 2 billion total trades, with 1.0344 million transactions being liquidations.

According to Yonhapinfomax, the euro weakened to 1.12545 USD last week ending October 2, down 1.21% from the previous week and marking its lowest level since May 2025, amid mounting concerns over France's fiscal crisis. The U.S. dollar index climbed 0.88% to 101.925, reaching its highest since April 2024, as investors shifted toward safe-haven assets. The euro's decline reflects growing uncertainty around the European Central Bank's policy stance, as ECB officials signal potential difficulty in

According to BlockBeats, Elon Musk said on October 4 that he will no longer use the term "AI" and instead prefers "SI" (Super Intelligence). The statement comes as terminology around artificial intelligence continues to evolve in tech discussions.

According to Glassnode, Bitcoin long-term holders (LTH) have remained profitable throughout the current cycle, with the LTH-MVRV indicator never dropping below 1. This marks a departure from previous bear markets since 2015, when the metric had consistently fallen below 1, indicating the group was underwater on average. Currently, the LTH-MVRV is rising again.

Bosnia and Herzegovina held elections on October 4, selecting 3 members of its Presidency and 42 deputies for the House of Representatives. The country's dual-entity structure comprises the Federation of Bosnia and Herzegovina and the Republika Srpska, each with separate electoral processes. The elections also determined representatives for the Federation's cantonal assemblies and elected the President and Vice President of Republika Srpska, alongside members of its National Assembly.

According to Jin10, on October 4, the North Bridge spanning the Dnieper River in Kyiv, Ukraine was hit by a Russian jet-powered drone. The bridge sustained surface damage, and vehicles were present on the structure at the time of the attack. Kyiv Mayor Vitali Klitschko confirmed the bridge damage via social media. No immediate casualties have been reported. Ukrainian air defense forces were conducting intensive operations in response to the strike.

According to HTX market data, Ethereum (ETH) dropped below $2,700, currently trading at $2,699.94 with a 24-hour gain of 0.65%.

According to PitchBook, Apollo Global Management acquired a majority stake in Atlantic Aviation from KKR on August 27, with Singapore's sovereign wealth fund GIC joining as co-investor. The transaction valued the private aircraft services operator at nearly $10 billion, more than double KKR's $4.5 billion acquisition price in 2021. The deal reflects widening wealth inequality, with luxury service providers catering to ultra-high-net-worth individuals' spending driving private equity investment i

According to Korea Exchange, over the past month (Sept 1 - Oct 2), foreign investors net-sold over 20.3 trillion KRW in KOSPI stocks, with Samsung Electronics and SK Hynix accounting for 84.7% of total outflows. SK Hynix saw net outflows of 12.0 trillion KRW, while Samsung Electronics saw 5.2 trillion KRW in sales. The foreign ownership ratio in SK Hynix fell to 49.76% from 50.57%, marking the lowest level since May 2023, and Samsung Electronics dropped to 46.41% from 46.71%. Despite the massive

According to the Korea Exchange's Public Disclosure System (KIND), 36 companies were delisted from the KOSPI and KOSDAQ markets in the first nine months of 2026 due to failure to meet listing maintenance requirements, a 89.5% increase from 19 delistings in the same period of 2025. The rise was driven primarily by audit opinion failures, which jumped to 18 cases from 4 last year, followed by governance transparency issues (15 cases) and market capitalization shortfalls (3 cases). The Financial Se

According to the Korean Exchange, K-beauty and food-related stocks have declined significantly over the past month as sharp Korean won appreciation raises concerns about weakened foreign consumer spending. Pharmaresearch, which manufactures Rejuran, fell 26.09% to 306,000 won, while other major cosmetics manufacturers and distributors such as Silicon2U and Cosmecar Korea dropped 28.52% and 22.10% respectively. However, cosmetics exports maintained momentum, with September exports reaching 1.213

According to Seoul Southern District Court on October 2, the court granted provisional disposition requests from listed companies Juyeon Tech and KM Pharma against the Korea Exchange's market capitalization-based delisting rule. The court found the exchange's requirement that companies maintain a minimum market cap for 45 consecutive trading days—without providing companies opportunities for objection or explanation—imposes excessive burden. The court noted the exchange failed to provide suffici

According to Guru Club, Indonesia's benchmark stock index declined 4.2% to 5,688.574 points on June 4, marking its lowest level since December 2020.

According to Reuters, David Robinson, a former OpenAI safety researcher, published an article in The Atlantic on Saturday (October 3) criticizing the company's AI safety approach. Robinson, who spent 3.5 years at OpenAI and oversaw safety reviews for 12 advanced model releases, said the company relies too heavily on "iterative deployment"—releasing AI systems first, then addressing safety issues reactively. He argued that the era of trial-and-error in AI development has ended, and advanced AI sy

According to Yonhap News Agency, NH Investment & Securities' short-term IMA product sold out its 100 billion won target in four days after launching on September 29, 2026. The product has a maturity of 18 months and targets investors seeking stable returns amid increased market volatility. Korean brokerages have seen strong demand for IMA products. Korea Investment & Securities' first IMA product attracted over 1 trillion won in four business days after its December 2025 launch, with subsequent