Gate Crypto Flash News and Market Updates

Zcash (ZEC) briefly breached 1,650 USDT, marking a new all-time high with a 24-hour gain of 10%.

According to Linwu County Public Security Bureau, police in Linwu County, Hunan Province on September 23 broke up a virtual currency investment fraud scheme, with two suspects arrested. The suspects used social media to lure victims into downloading a designated app, buying USDT, and exchanging it for a new token controlled by handlers. They artificially inflated the coin price to attract additional investments, then crashed it to zero value, causing victims losses of approximately 30,000 yuan.

According to Seoul Foreign Exchange Market participants on September 23, the dollar-won exchange rate experienced heightened volatility driven partly by API-automated trading. The intraday swing reached 21.50 won, with the rate dropping sharply from above 1,380 won to 1,350 won levels following large dollar selling pressure. Daily average volatility this month stands at 13.75 won, up from 12.51 won in August and 68% higher than 8.20 won recorded in September last year. A commercial bank foreign

According to Korean Exchange, yesterday (Sept 23), Asiana Airlines and Korean Air surged 8.84% and 8.70% respectively, with low-cost carriers Jeju Air and Jin Air also climbing 6.13% and 3.29%. The rally was driven by falling international oil prices following softened geopolitical tensions; Brent crude and WTI both closed below $100 per barrel after U.S. President Trump signaled possible talks with Iran. Increased inbound tourism and rising overseas travel demand ahead of the Chuseok holiday pe

According to Rosenblatt analyst Kevin Cassidy, Sandisk (SNDK-US) received a buy rating with a $2,400 price target on Sept 22, implying 27% upside from the stock's closing price of $1,887.04. Sandisk has surged 644% year-to-date, driven by strong AI-driven demand for NAND flash memory, with memory chip shortages expected to persist through 2027.

According to Yonhapinfomax, South Korea's forex market will continue normal operations during the Chuseok holiday starting September 24, with forex dealers from major banks including Hana Bank, Woori Bank, and Industrial Bank maintaining regular shifts. Since the Seoul forex market transitioned to 24-hour operations in July, foreign exchange brokers and designated financial institutions have maintained weekend and holiday operations to establish Seoul as a round-the-clock trading hub. The Minist

According to Yonhapinfomax, Seoul foreign exchange dealers predicted today that USD-KRW would move within a 1,348-1,365 Korean won range with downward pressure, as dialogue between the U.S. and Iran during the UN General Assembly boosted global risk appetite. Dealers noted that rising technology stocks in the New York market could attract foreign buying of South Korean equities, providing additional support for the won.

According to multiple analysts, the Korean won fell to 1,351.5 per dollar on Sept 23, marking a fresh retreat as oil prices declined. The retreat was driven by easing U.S.-Iran tensions following potential talks at the U.N. General Assembly and increased oil export expectations from Saudi Arabia, reducing supply concerns. Meanwhile, major central banks—the European Central Bank, U.S. Federal Reserve, and Bank of Japan—all raised policy rates by 25 basis points, supporting dollar strength. The Do

According to Economist reports, Kyobo Asset Management completed its organizational restructuring on September 22, 2026, following Kyobo Life's acquisition of all outstanding shares from BNP Paribas Asset Management Holding for 107.5 billion won. The company, formerly known as Kyobo Axa Asset Management, officially changed its name after ending an 18-year joint venture structure that began in 2008. As part of its expansion strategy, Kyobo Asset Management launched the Power SK Group ETF on Septe

On September 23, according to Financial News, South Korean construction stocks declined as South Korea's planned acquisition of a stake in U.S. nuclear company Westinghouse fell short of market expectations. Hyundai Engineering dropped 6.4% to 123,000 KRW, while GS E&C declined 6.68% and Daewoo Engineering fell 6.63%. South Korea is expected to acquire a 5 to 10 percent stake in Westinghouse as part of a nuclear cooperation plan to build up to eight reactors in the U.S., down from initial expect

According to Nexstrom, the Singapore-based semiconductor startup raised US$12 million in a seed round on September 22, led by Xora Innovation with participation from Foothill Ventures and SEEDS. Total funding now stands at US$15 million, including US$3 million in non-dilutive funds. The company is developing a platform for 12-inch single-crystal 2D semiconductor materials designed to integrate with existing foundry manufacturing processes as chipmakers explore alternatives to silicon for AI and

According to Ember detection, a whale purchased 6.64 million USELESS tokens for 2.28 million USDC approximately 5 hours ago, at an average price of $0.34 per token.

According to Japanese news agency Kyodo and U.S. government officials, Trump met with Venezuelan interim President Rodriguez on September 22 during the United Nations General Assembly in New York. The face-to-face meeting marked the first direct encounter between the two leaders since January, when U.S. military forces conducted an operation against Venezuela.

According to Lookonchain data reported by PANews, on September 23, Garrett Jin (X account "GarrettBullish") attempted to long ZEC but closed the position after approximately 7 hours, incurring a loss of about $79,000. The trader currently holds 202,078 ZEC in spot holdings, which remain in profit on paper. This marks another loss following earlier short position liquidation that resulted in significant drawdowns.

According to Reuters on Tuesday (September 22), Meta paused testing of Muse's "AI butler" feature after the company was revealed to be routing complex phone calls to external call center contractors without informing users. A Meta AI lab vice president acknowledged the undisclosed test launch was a "mistake." The "human butler" system allowed Muse to transfer calls to trained contractors when encountering complex scenarios, with the contractors impersonating the AI to complete calls. Testing sho

According to Korean Foreign Minister Choo Hyun-soo, he expressed hopes for swift restoration of peace and stability in the Middle East. Choo and UAE Foreign Minister Abdullah also agreed to maintain close communication to ensure substantive results from South Korea's presidential state visit to the UAE last November.

South Korean Foreign Minister Zhao Xian met with UAE Foreign Minister Abdullah in New York today (September 23). Abdullah expressed interest in expanding bilateral cooperation across multiple sectors, including defense, health, culture, and trade.

According to CCTV, on September 23, Tesla CEO Elon Musk discussed education in the AI era, emphasizing that the ability to ask good questions will be the most critical skill. Musk recommended broad learning across humanities, science, and engineering to build foundational knowledge. He noted that issuing instructions to robots requires well-organized questioning skills, and those with broader knowledge tend to ask better questions—a skill equivalent to writing effective prompts for AI.

During the Yunqi Conference, Alibaba Cloud released AgentCore, an enterprise-grade agent platform designed to enhance productivity through more native human-machine collaboration and comprehensive capabilities for building and governing agents.