Gate Crypto Flash News and Market Updates

On Tuesday (September 23), Thailand's Finance Minister will seek cabinet approval to extend the consumer subsidy program, according to the official announcement.

According to the financial investment industry, South Korea's National Pension Service (NPS) placed its real estate investment director on administrative leave on July 15, leaving the position vacant for over two months. The move has effectively halted investments in NPS's 75 trillion won real estate portfolio. The audit is investigating potential conflicts of interest and collusion related to the director's attempt to replace the fund manager of CenterField, a 4 trillion won office building loc

According to The Fact, South Korea's major securities firms including Samsung Securities, Shinhan Investment, Korea Investment, and Mirae Asset Securities launched high-yield promotional products on September 21. Samsung Securities introduced commercial papers offering up to 5.5% annual yields (pre-tax) targeting new customers, while Shinhan Investment offered 4.5% yields on 6-month maturity products with a limit of 30 billion won. Korea Investment Securities provided preferential rates of 4.9%

According to Moody's Analytics, Australia's unemployment rate is expected to rise slightly to 4.6% in August from 4.5% in July, with the official data due for release on Thursday. Economic activity is softening due in part to consecutive rate hikes that have dampened demand. Job vacancy competition has intensified, and new recruitment advertising numbers are declining, indicating a weakening labor market.

According to Yonhapinfomax on September 21, U.S. 10-year Treasury yields hit 5.045% on September 15, marking the first time since October 2023 and only the second occurrence since 2007. Meanwhile, China's 10-year yields remain at 1.69%, creating a 330 basis point spread. The divergence reflects contrasting central bank policies: the Federal Reserve raised rates to 3.75%-4% on September 16, while the People's Bank of China kept its 1-year loan prime rate unchanged at 3.0% on September 20. The rat

According to its announcement on September 21, PayProtocol (a virtual asset payment subsidiary of Danal) and Squid, a global cross-chain swap protocol, signed a strategic memorandum of understanding to develop multichain payment infrastructure integrated with the PayCoin mainnet. Squid has processed over $6 billion in transactions across more than 100 blockchains and was recently selected as a payments and interoperability infrastructure partner for Ripple's RLUSD stablecoin.

According to the Korea Financial Investment Association (KFA), the organization held talks with Thailand's Bond Market Association (ThaiBMA) on September 21 to discuss cooperation in self-regulation of over-the-counter bond markets and information sharing. The meeting included 14 representatives from ThaiBMA, Thai banks, securities firms, and government agencies. KFA shared its experience in managing off-exchange bond market supervision, bond trading information systems, yield calculation, and m

According to PPP prediction market tool, a Polymarket prediction that the average number of ships passing through Bab el-Mandeb Strait in late September will fall below 25 now trades at 9%, down 38% in 24 hours as of September 21. The market settles based on IMF Portwatch's official data for the strait, specifically the 7-day moving average of ship arrivals on September 30, 2026.

According to China's railway authority, the China-Europe railway middle corridor surpassed 3,500 train journeys on September 21, with the 1,293rd train departing from Erenhot railway port in Inner Mongolia bound for Europe.

According to Korea Exchange, as of 1:30 p.m. on September 21, semiconductor supply chain stocks surged on the back of strength in U.S. chipmakers. Hanamicron, a packaging and testing firm, rose 14% to 44,000 won, while SFA Semiconductor jumped 20% and YC advanced 17%. Semiconductor equipment maker YC rose 17% and special materials provider TMC climbed 20%. Index leaders Samsung Electronics gained 5.17% to 274,500 won and SK Hynix rose 1.08%. Analysts attributed the rally to recovering investor s

According to Korean Exchange and Yonhap Infomax data released on September 21, the KOSPI index rose in 5 trading days following Chuseok holidays in 19 of the past 26 years, a 73% success rate. The largest single post-holiday gain was 6.27% in 2004. In recent years, the index gained 3.82% last year, 0.60% in 2024, and 1.85% in 2023. Analysts at Daishin Securities note a consistent pattern of weakness before the holiday and rebound afterward, though long-term market direction remains dependent on

According to Barclays economists in a report on September 21, the Bank of Japan has not yet formed clear views on the timing of its next potential rate hike. BOJ Governor Ueda appeared to deliberately mix hawkish and dovish rhetoric during last Friday's press conference to preserve future policy flexibility. Barclays predicts the BOJ will raise rates further in January and July 2027, with the terminal rate reaching 1.75%.

According to Shin Sung-im, head of Mirae Asset Securities' digital asset division in Hong Kong, the firm expects to lead Korean brokers in digital asset infrastructure expansion once South Korea's pending digital asset legislation passes. Speaking today at a Seoul seminar on September 21, Shin noted the company has already successfully launched its unified trading platform MAPS (Mirae Asset Portfolio Service) in Hong Kong in June, which supports both traditional and digital assets. The firm plan

According to Financial News, Samsung Electronics and SK Hynix are approaching completion of their share buyback programs as of September 20-21. Samsung has purchased 39.8 million shares (74.69% of planned volume) while SK Hynix acquired 14.15 million shares (58.79% of target). At current purchasing rates of approximately 2 million shares daily for Samsung and 650,000 for SK Hynix, both companies are expected to finalize buybacks by mid-October. Analysts warn that the end of these buybacks could

According to a CBS News interview on Saturday, Nvidia CEO Jensen Huang said he aims to pay employees "as much as possible," while projecting the chipmaker could pay about $8 billion in U.S. taxes over five years. "The fact that I can afford to pay $8 billion in taxes is a privilege," Huang said. His comments come as chipmakers expand rapidly amid AI growth, with workers in South Korea pushing for larger shares of profits. Samsung Electronics workers secured a 6.2% wage increase and a 10.5% semic

According to its announcement on September 21, SM Gukil (formerly SM National Paper) will acquire and merge with Handuck Iron Ore Industries, shifting its business focus from paper manufacturing to iron ore mining and construction. The merger is scheduled for November 24, with new shares expected to list on December 16. Handuck operates iron ore mining and SOC (Social Overhead Capital) construction projects, with its flagship mine capable of producing up to 1.5 million tons of ore annually at a

According to Beating AI, Zhipu released ZCode under Apache 2.0 license, but developers quickly discovered discrepancies between the GitHub open-source version and the official client download version. The open-source version excludes commercial features, with source code comments explicitly stating it does not include activity benefits, and the NOTICE.md file clarifies that publicly available source code is not guaranteed to contain all official product features and promotional policies. Since Z

According to Mirae Asset, the company is launching the 'TIGER Physical AI Value Chain ETF' on September 22, offering exposure to robots, components, sensors, artificial intelligence, and related software companies. The ETF fixes allocations at 25% each to Hyundai Motor and LG Electronics (50% combined), with the remaining 50% comprising their actual supply chain partners and other AI and robotics-focused firms, including U.S.-listed companies. The fund is designed to rapidly incorporate new huma

According to exit polls released by Russia's All-Russian Public Opinion Research Center on September 20, the ruling United Russia party leads the voting in the ninth State Duma election with 49.4% support. The Communist Party of the Russian Federation ranks second with 14.2%, followed by the Liberal Democratic Party, New People, and A Just Russia.

According to ChainCatcher, Hana Bank has issued a $100 million five-year digital bond using Euroclear's digital financial market infrastructure, marking the first such issuance by a South Korean bank on the blockchain platform. The bond's issuance, registration, and settlement are processed on a distributed ledger network, with settlement cycles shortened from 3-5 business days to same-day completion. Investors can trade the bond through existing accounts and trading systems via Euroclear's glob