Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
Today
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Rocket Healthcare Launches Hair-Growth Candidate Trial at 4 Indian Hospitals With 120 Patients

According to Rocket Healthcare's statement on September 28, the company launched clinical trials of a hair-growth candidate at four hospitals in India—including facilities in Mumbai and Ahmedabad—involving 120 patients. The candidate works by improving the microenvironment around hair follicles rather than suppressing DHT (dihydrotestosterone), stimulating dormant follicles back into the growth phase through effects on blood flow, growth factors, and follicle cell activity. The stock rose 6.76%
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Korea Investment & Securities Hosts GPU Financing Briefing on Sept. 30

According to Korea Investment & Securities, the company will host a financial briefing on data center project financing (PF) and GPU financing structures on Sept. 30 at its headquarters in Seoul. The briefing will bring together institutional investors, construction firms, asset managers, and AI infrastructure operators to discuss the current state of South Korea's data center development finance market and strategies for applying GPU financing—a capital structuring model increasingly popular in
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FromBio Stock Falls 19.32% After Designated as Managed Stock on Sept 28

On Sept 28, FromBio stock fell 480 won (19.32%) to 2,005 won after being designated as a managed stock by Korea Exchange. The designation followed 30 consecutive trading days in which the company's market cap remained below 20 billion won, with the previous trading day close at 2,485 won reflecting a market cap of approximately 14.1 billion won. Under the designation, the stock will be delisted if it fails to exceed the 20 billion won threshold on 24 or more of the next 90 trading days.
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Daishin Securities Raises HPSP Target Price to 71,000 Won on September 28

According to Daishin Securities, the brokerage raised its target price for HPSP to 71,000 won from 63,000 won on September 28, maintaining a 'buy' rating. Analyst Ryu Hyung-geun cited semiconductor equipment capex expansion and customer diversification driving projected growth over the next two years. NAND flash equipment shipments are expected to increase 70% in 2027, while high-pressure annealing equipment adoption is forecast to expand to five customers, positioning these segments as key grow
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KOSPI Falls 0.46% on Sept 28 After Holiday, KOSDAQ Rises 1.41%

According to Yonhapnews, South Korea's KOSPI index fell 0.46% to 7,048.13 points as trading resumed on Sept 28 following the Chuseok holiday. The KOSDAQ, meanwhile, rose 1.41% to 856.41 points. Samsung Electronics and SK Hynix each declined 1–2%, while smaller-cap stocks outperformed. The recovery in U.S. equities—with the S&P 500 and Nasdaq both gaining approximately 0.5% in recent sessions—and extended U.S.-China trade truce negotiations provided some support, though elevated U.S. Treasury yie
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KOSPI Fluctuates Around 7,000 as Retail Investors Net-Buy 165.2B Won After Chuseok Holiday

According to Newsis, on September 28, the first trading day after the Chuseok holiday, KOSPI fluctuated around the 7,000-point level, declining 0.51% to 7,044.70 as of 9:30 AM. Retail investors net-purchased 165.2 billion won, offsetting combined selling by institutions and foreign investors totaling 179.2 billion won. The moves followed overnight gains on U.S. markets, where expectations around U.S.-Iran peace negotiations supported a rally: the S&P 500 rose 39.28 points (0.51%) to 7,743.41, wh
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South Korean Solar Companies Surge 13% on Brokerage Advice to Buy Before U.S. Policy Deadline

According to Hana Securities, South Korean solar companies surged on September 28 morning ahead of a U.S. trade policy deadline. Hanwha SolarOne rose 13.18% to 33,050 Korean won, with Hansol Technics, OCI Holdings, HD Hyundai Energy Solution, and others gaining 5-14% in tandem. Hana Securities recommended buying domestic solar firms before the U.S. Section 232 trade measure takes effect on December 4, which allows the U.S. president to impose tariffs or import restrictions on foreign goods deeme
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Multiple Tokens Including SUI, FF, KMNO Unlock This Week, Combined Value Over $87M

Multiple tokens are set to unlock this week, with combined value exceeding $87 million. SUI will unlock on September 30, valued at approximately $16.71 million, representing 0.32% of its circulating supply. FF will also unlock on September 30, worth around $10.09 million or 2.51% of circulation. CARDS will unlock on the same day at $11.66 million (10.62% of supply). KMNO, GPS, EIGEN, and ENA are scheduled to unlock between October 1–2, ranging from $2.06 million to $11.13 million each.
SUI10.40%
FF0.06%
KMNO-1.71%
EIGEN4.90%
ENA0.76%
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Bitcoin and Cryptocurrencies Underperform Stocks Over Past Decade, Says Bloomberg's McGlone

According to Bloomberg analyst Mike McGlone, bitcoin and other cryptocurrencies have underperformed as portfolio assets from a risk management perspective over the past decade. The Market Vector Digital Assets 100 Index (MVDA, approximately two-thirds composed of bitcoin) has remained essentially flat since 2017, while the Nasdaq 100 Index (NDX) has continued to rise during the same period. Despite MVDA's average volatility being approximately 3 times higher than NDX and showing positive correla
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BTC0.64%
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Nidec Hits Daily Limit Down on September 28

Nidec Corporation's stock hit the daily limit down today (September 28). The Japanese motor manufacturer's shares declined to their maximum permitted fall for the trading session.
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U.S. Stock Index Futures Fall on Sept 28 as Brent Oil Surges Past $105 Amid U.S.-Iran Tensions

According to Yonhapinfomax, on Sept 28 morning (Asian market hours), U.S. stock index futures declined as Brent crude surged past $105 per barrel amid escalating U.S.-Iran tensions. E-mini S&P 500 futures fell 0.19% to 7,789.00, while E-mini Nasdaq-100 futures dropped 0.02% to 30,885.75. West Texas Intermediate crude traded above $93 per barrel. U.S. Treasury yields rose across the board. The 10-year yield climbed 4.7 basis points to 5.21%, the 2-year yield gained 5 basis points to 4.906%, and t
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