Gate Crypto Flash News and Market Updates

According to Smart Finance, Fengyi Group Limited (08245) announced that Guocheng Certified Public Accountants Limited has been appointed as the company's auditor, effective immediately following shareholder approval at a special shareholders' meeting. The appointment is valid until the conclusion of the company's next annual general meeting.

According to Jin10, 35 financial institutions released forecasts for U.S. September nonfarm employment. Predictions range from +30,000 to +175,000, with the largest cluster around +60,000 to +100,000. Reuters consensus stands at +90,000, compared to August's +162,000.

According to Zhuoneng Group's (00131) announcement, the company declared a final dividend of HK$0.03 per share payable on December 16, 2026 for the year ended June 30, 2026.

According to Jin10, 35 global financial institutions have compiled forecasts for U.S. September nonfarm employment ahead of the official release. Predictions range from +35,000 (Standard Chartered) to +175,000 (Jefferies), compared to the previous month's +162,000 and Reuters median expectation of +90,000, reflecting significant divergence in market outlooks.

According to PANews, on October 2, the European Central Bank proposed three models for introducing central bank currency on-chain: direct issuance, bridge mechanisms, and intermediation through private institutions. These models would enable central bank currency to settle transactions for tokenized securities, bank deposits, and stablecoins on distributed ledger technology networks.

According to Korean Economic Daily, South Korea's KOSDAQ index closed at 893.29 on October 2, after briefly surging to 903.81 intraday—the first break above the 900 level since July 2. The index has risen 10% since September 15, nearly double the KOSPI's 5.7% gain over the same period, driven by strong performance in semiconductor materials, components, and equipment (semiconductors) and optical communications stocks tied to AI infrastructure expansion. Key gainers included Okins Electronics (up

According to South Korea's financial authorities, prosecutors secured multiple financial records from the Financial Supervisory Service on October 2 regarding Koryu Zinc's 2024 business activities. The investigation focuses on the company's self-share tender offer conducted from October 4-23, 2024 (worth approximately 1.8 trillion Korean won) and the subsequent 2.5 trillion won paid-in capital increase announced on October 14. Prosecutors are examining whether Koryu Zinc failed to properly discl

According to Zhitong Finance, Hong Kong's Hang Seng Index fell 2.6% or 640.98 points to close at 23,972.29 on October 2, breaking below the 24,000-point level amid global bond selloffs and reduced southbound fund flows. The Hang Seng China Enterprises Index declined 2.31% to 8,030.54, and the Hang Seng Tech Index fell 2.26% to 4,157.94, with trading volume reaching 145.8 billion Hong Kong dollars.

According to HL HUB post on X, Hyperliquid is set to receive its first AQAv2 reserve revenue allocation tomorrow (October 3), with approximately $14.5 million in USDC reserve yields flowing into the Assistance Fund for HYPE buybacks. The revenue distribution mechanism stipulates that the stablecoin deployer allocates 90% of reserve revenues to the Hyperliquid protocol, with 100% used for HYPE token buybacks and burns.

According to ChainCatcher, Tether's USDT stablecoin will return to the Bitcoin network this October through Utexo, an infrastructure project backed by Tether. Utexo, established in 2025, raised $7.5 million in seed funding led by Tether and has obtained commercial licensing to issue USDT on Bitcoin. The protocol will enable private USDT transfers, direct BTC-to-USDT swaps, and Bitcoin-collateralized lending without cross-chain wrapping. USDT, valued at approximately $190 billion, originally laun

Bank of England policymakers reported that businesses expect product price inflation of 3.7% over the next 12 months in the three months to September, down 0.1 percentage point from the prior three-month period ending in August.

According to Yonhapnews TV, cryptocurrency markets rallied on October 2 as Bitcoin rose 1.63% to 116 million won by 3 p.m. KST, while Ethereum gained 0.5% and XRP climbed nearly 2%. The gains followed easing of the recent spike in U.S. long-term Treasury yields.

According to a filing by Korea Financial Group on October 2, its subsidiary Korea Investment & Securities acquired 681,431 SK shares worth approximately 400 billion won, bringing its stake in SK Inc. to 0.9%. The transaction is scheduled to be completed on November 2.

According to Bank of England policymakers, firms' one-year wage growth expectations remained unchanged at 3.4% in the three months to September 2026.

According to Odaily, Brent Oil (XBRUSD) fell to $103.98 per barrel in 24 hours, down 0.4%, according to Gate data.

According to Odaily, HSBC announced its Hong Kong stablecoin named RedCoin on October 2, with an initial focus on peer-to-peer (P2P) and peer-to-merchant (P2M) payments. The bank plans to expand the stablecoin to commercial finance and enterprise-level transactions in later phases. HSBC Hong Kong CEO Rosanna Wong stated that launching the stablecoin represents a step in supporting Hong Kong's financial innovation.

According to Gate data, USD/JPY (United States Dollar/Japanese Yen) declined to 157.491 on October 2, down 0.6% over the past 24 hours.

According to ChainCatcher, SMBC Nikko Securities announced on October 2 a collaboration to develop a compliant DeFi platform called "DeFi Gateway" for Japanese investors. Participants include Nethermind, Uniswap Labs, Nyx Foundation, and Coinbase Technologies. The project aims to create liquidity protocols and pools aligned with Japanese regulations, with development targeted for completion by mid-2027. SMBC Nikko Securities will lead regulatory engagement and compliance strategy, while Nethermi

According to Moody's, prospects for a compromise on France's 2027 budget remain uncertain, with the approaching spring election likely to harden political positions. The rating agency's statement reflects concerns about the country's ability to finalize fiscal negotiations amid electoral pressures expected in spring 2027.

According to Russia's TASS news agency, on October 2, IAEA Director General Rafael Grossi stated that safety risks at Zaporizhzhia Nuclear Power Station will persist until progress is made in resolving the Russia-Ukraine conflict. Grossi affirmed that the International Atomic Energy Agency will continue its work and support necessary measures to ensure the facility's security, which "helps maintain a certain level of stability."