Gate Crypto Flash News and Market Updates

According to DB Securities on October 8, analyst Han Seung-jae raised the target price for SK Innovation from 150,000 won to 200,000 won, citing global oil inventory depletion and potential new customer acquisition. The research note highlighted that SK Enmove, SK Innovation's subsidiary, benefits from Shell's expected suspension of its Qatar GTL facility through the first half of 2027 due to geopolitical disruptions, creating new customer opportunities. DB Securities forecasts SK Innovation's t

According to the Wall Street Journal on Tuesday, Lambda, a Nvidia-backed cloud computing company, is raising up to $4 billion in its final pre-IPO funding round, with the company expected to reach a valuation of $14.5 billion upon completion. The funding reflects Nvidia's broader strategy of investing billions to support emerging AI ecosystem companies. Lambda reported $50 billion in order backlog as of September, positioning it alongside other Nvidia-backed cloud firms like CoreWeave, which hol

According to Hana Securities on October 8, memory package substrate prices are expected to rise further from late 2026 through early 2027, driven by surging demand from AI data centers and a tightening supply situation. Analyst Kim Min-kyung noted that the primary driver is no longer raw material cost recovery, but rather increased demand for advanced memory solutions in AI infrastructure and intensifying supply-side pricing power as major memory chipmakers prioritize capacity allocation. Daeduk

According to PaymentScan, an online payment analysis platform, crypto card transaction volume surpassed $1 billion monthly for the first time in July 2026. Cumulative transaction volume since March 2023 has reached $10 billion. Crypto cards enable users to spend their digital assets directly through existing payment networks without needing to sell on exchanges or withdraw to bank accounts. Merchants receive settlement in fiat currency or stablecoins such as USDC, processed identically to tradit

According to Korean Investment & Securities analyst Kim Myung-joo, Emart's third-quarter consolidated operating profit is expected to reach 144.9 billion KRW, down 17.7% from market consensus expectations. On a separate basis, the company's Q3 operating profit is projected at 165.9 billion KRW, exceeding consensus by 8.6%. The analyst attributed the miss on a consolidated basis to ongoing losses at subsidiary Sinsegae E&C and Ssuk.com, while the separate basis outperformance reflects operational

According to Yonhapnews, French high school students and teachers took to the streets on October 6 to protest teacher layoffs and deteriorating classroom conditions. The demonstrations coincide with France's 10-year government bond yields reaching 5%, the highest level in 20 years, significantly exceeding yields in Greece and Italy. The government is cutting 4,000 teaching positions and reducing public infrastructure budgets in an effort to address mounting fiscal pressures.

According to Reuters on October 7, Yemen's Houthi armed forces claimed to have launched drone strikes on Riyadh's King Khalid International Airport and Abha Airport, as well as ballistic missile and drone attacks on Haymis Mushayt airbase in Saudi Arabia. Saudi authorities have not yet confirmed the attacks.

According to NH Investment Securities on October 8, the firm cut its price target for NC (036570) to 320,000 Korean won from 380,000 won, while maintaining a buy rating. Analyst Ahn Jae-min noted that while Aion 2 Global's traffic appears solid since its October 5 launch, it fell short of market expectations. Peak concurrent users hit 398,000 on launch day and 200,000 as of October 7 afternoon—slightly above the 336,000 recorded by predecessor title Throne and Liberty, but below bullish projecti

According to Seoul Bond Market data, South Korea's 3-year treasury futures closed 5 basis points higher at 102.62 during overnight trading on October 8, while 10-year futures fell 20 basis points to 104.44. Trading volume increased significantly, with 3-year contracts rising to 132 from 72 a day earlier, and 10-year contracts climbing to 194 from 97.

According to Jin10 data, Ukrainian capital Kyiv and Pryluky city were hit by Russian strikes on October 8, killing at least 18 people. Kyiv alone reported 2 deaths, while Pryluky saw 16 killed. Russia claimed it conducted large-scale strikes on Ukrainian military manufacturing facilities and port infrastructure. Ukraine's Foreign Ministry stated it is studying five different ceasefire mechanisms, while Kremlin spokesman Peskov said if the U.S. makes proposals, Moscow will quickly coordinate a ca

According to New York Attorney General Letitia James' unsealed lawsuit filed in 2024 and updated in August, TikTok conducted ghost or placebo safety feature experiments on thousands of underage users in 2023. The company tested non-functional versions of safety tools—including an "Algo Refresh" feature designed to reset content recommendations—on some users while giving others working versions, without their knowledge. Internally, employees raised concerns about the contradictory nature of such

SiC semiconductor manufacturer Wolfspeed reached a financing agreement with the U.S. Department of Defense on October 7, securing a $1.5 billion commitment over 30 years, with shares surging nearly 24% in after-hours trading. The DoD will receive warrants equivalent to 7.5% of Wolfspeed's equity upon deal completion, contingent on the company manufacturing silicon carbide materials and power components in the United States.

According to the latest data from the Democratic Republic of Congo Ministry of Health, as of October 7, the country's ongoing Ebola outbreak has reached 8,665 confirmed cases with 4,178 deaths, resulting in a case fatality rate of 48.2 percent. A total of 2,259 patients have recovered and been discharged, while 890 patients remain hospitalized or under isolation.

The Reserve Bank of New Zealand has begun recruiting for two new roles: Deputy Governor of Monetary Policy and Deputy Governor of Payments and Cash, according to an official announcement.

According to Samsung Securities on October 8, the brokerage raised LG Electronics' target stock price 19% to 250,000 KRW from 210,000 KRW, maintaining a 'buy' recommendation. The upgrade reflects growing visibility in new business segments, particularly AI data center cooling solutions, which Samsung Securities projects will expand from approximately 1 trillion KRW this year to as much as 5 trillion KRW within two years. The brokerage also raised its 2027 operating profit forecast 8.1% to 4.569

According to NH Investment & Securities on October 8, Kona AI expects operating profit to grow 18% next year, driven by expanded government budget for local currency cards and increased metal card shipments to North America. South Korea's 2027 budget allocates 1.45 trillion won (26.1% increase) to support regional gift card issuance, with distribution expected to expand further to 31.2 trillion won by 2030. Kona AI holds 73% market share in the local currency card segment. In the smart card divi

According to Jin10, U.S. stock indices declined overnight on Oct 8, with the Dow falling 0.66% to 51,179.87 points, S&P 500 down 0.22% to 7,801.77 points, and Nasdaq down 0.22% to 27,538.69 points. European markets followed suit, with Germany's DAX index falling 1.35% to 25,104.36 points, France's CAC 40 down 1.22% to 7,769.21 points, and UK's FTSE 100 declining 0.79% to 10,458.50 points. International precious metals futures retreated broadly, with COMEX gold futures down 1.20% to $4,136.70 per

According to the International Monetary Fund, staff have reached an agreement on the fourth review of Pakistan's Extended Fund Facility (EFF) and the third review of the Resilience and Sustainability Facility (RSF). Upon approval, Pakistan will receive approximately $1 billion from the EFF and $210 million (154 million Special Drawing Rights) from the RSF.

The UK's three-month RICS house price index fell to -32 in September, below expectations of -30 and worse than the prior reading of -28.

According to a Reuters survey, more Japanese companies expect lower profits in the second half of 2026 than initially forecast, rather than exceeding their original projections.