Gate Crypto Flash News and Market Updates

On September 28, U.S. 10-year Treasury yields climbed to approximately 5.26%, reaching their highest level since 2002. The selloff was driven by rising oil prices and heightened inflation expectations following President Trump's rejection of Iran's ceasefire proposal and proposal to reopen the Strait of Hormuz.

Anthropic released Claude Sonnet 5.5 on Monday, September 29, positioning the model as a faster, lower-cost alternative within its AI lineup. According to the company, Sonnet 5.5 excels at programming, well-defined tasks, and document creation compared to its predecessor. The model is priced at $2 per million input tokens and $10 per million output tokens, half the cost of the more capable Opus 5.5. Anthropic noted that Sonnet 5.5 does not advance frontier AI capabilities but features significan

According to CNBC, U.S. Democratic Representative Ro Khanna from Silicon Valley will propose the Human Control of AI Act, legislation designed to regulate artificial intelligence development. The bill would prohibit AI models from undergoing recursive self-improvement or autonomously modifying their core objectives, isolation controls, or shutdown controls until federal guardrails are established and approved by relevant agencies. The bill includes provisions to establish a new federal agency de

According to Gileya Pharma (01672), ASC50, an oral small-molecule IL-17A inhibitor, achieved a 48.9% reduction in PASI score (placebo-corrected) in mild-to-moderate plaque psoriasis patients after 28 days of daily 200 mg dosing in a U.S. Phase I trial (NCT07024602). The compound demonstrated a steady-state elimination half-life of 6.5 days, supporting potential once-weekly oral dosing. On day 6 and day 15 after the final dose, placebo-corrected PASI reductions increased to 60.7% and 65.9%, respe

According to BNK Investment & Securities on September 29, the brokerage raised its target price for Shinhan Financial Group to 140,000 Korean won from 130,000 won, maintaining a buy rating. The upgrade reflects expectations of record net profit of 5.7 trillion won this year, up 14.9% year-over-year, driven by higher interest income and non-interest income gains despite increased taxes. Analyst Kim In cited the bank's competitive advantage in overseas subsidiaries and expanded shareholder returns

According to KB Investment, the RISE Global AI NAND Memory Semiconductor ETF posted a one-month return of 13.67% since its launch on September 1. The fund tracks 10 major NAND memory and AI-related stocks listed on exchanges in South Korea, the U.S., and Japan, with top holdings including Samsung Electronics (19.3%), SK Hynix (18.5%), SanDisk (18.3%), and Kioxia Holdings (12.4%). The strong performance reflects growing demand for enterprise SSDs and NAND memory amid data center expansion. NAND f

According to KOSCOM ETF Check, the ACE KPOP Focus ETF had declined 44.03% year-to-date as of August 23, 2026. The fund holds over 20% each in South Korea's four major entertainment companies: HYBE, SM Entertainment, JYP Entertainment, and YG Entertainment. A separate fund tracking K-pop and media stocks, HANARO Fn K-POP & Media, fell 46.17% over the same period. Investor sentiment deteriorated following BTS's March comeback and related concert announcements. JYP Entertainment reported second-qua

Today, the State Council announced a comprehensive package of economic measures to address key challenges. According to remarks by Premier Li Qiang during a State Council meeting, the government will introduce incremental policies optimizing fiscal expenditure, deploy additional relending quotas for technology innovation, agricultural support, and small business lending, and research measures to stabilize the real estate market and boost employment and income growth. The council also committed t

According to Coinbase Markets, the U.S. Commodity Futures Trading Commission (CFTC) approved Coinbase Clearing LLC, Coinbase's proprietary clearinghouse using USDC as its native collateral asset. The clearing facility is designed for around-the-clock settlement and supports USDC as collateral, completing Coinbase's regulated derivatives infrastructure.

According to Aolani, YCO Cloud and Aolani are partnering with Nvidia on a sovereign AI infrastructure project in the Philippines targeted for launch in the first quarter of 2027. The initial phase will include more than 10,000 Nvidia Blackwell Ultra graphics processing units and represent one of the first Nvidia GB300 NVL72 cluster deployments in the Philippines. The system is intended to support local government agencies, Filipino businesses, and startups, utilizing dedicated renewable energy.

According to ChainCatcher, citing 科创板日报, Manus released its 2.0 version for overseas users on September 29, alongside launching Cue, a personal AI assistant designed for daily life scenarios. The company is simultaneously assembling a team to develop products tailored for the Chinese market, with ongoing collaborations with domestic AI model providers and ecosystem partners.

According to @tokenterminal, $252 million in tokenized stocks has been deposited into decentralized finance platforms, with Solana leading at $92.1 million. Robinhood Chain follows with $75.4 million, while Ethereum and BNB Chain each account for $34.7 million in deposits.

According to its official X post, World Assets, Ltd. completed $49 million in WLD OTC sales over the past month. All sales include a 1-year lock-up period. Some deliveries have already settled, with remaining WLD transfers and settlements to be completed this week.

According to DS Investment Securities analyst Lee Su-rim, the firm cut SK Hynix's third-quarter earnings forecast and lowered its target price to 2.64 million won from 3.1 million won, citing won depreciation against the dollar. The analyst revised the Q3 operating profit forecast to 70.1 trillion won (up 16% quarter-on-quarter) and revenue to 89.5 trillion won (up 13% quarter-on-quarter), reflecting a lower won-dollar rate assumption of 1,370 from the previous 1,430. DS Investment Securities lo

According to CNBC and Investing.com, Roblox stock fell 9% on Sept 28 (US time), closing at $41.86, down $4.58 from the previous day, after investment bank Jefferies downgraded its rating from Hold to Underperform. Analyst James Heaney noted that the stock's 30% rally following the company's second-quarter earnings report reflected overly optimistic expectations for 12-month bookings growth. Heaney added that user and bookings recovery in key markets such as the US and Canada may take longer and

According to IM Securities on September 29, the brokerage raised its target price for fashion retailer Hansam to 280,000 Korean won from 250,000 won, maintaining a buy rating. Analysts project Hansam's Q3 revenue to increase 7.3% year-over-year, with operating profit surging 271%, driven by strong fall and winter apparel sales and stable growth from newly launched overseas brands. September sales alone are estimated to have climbed 10% year-over-year, while the merchandise division is expected t

According to Korea Exchange on September 29, Shinsegae plunged 54.57% in the second half of 2026, with Hyundai Department Store and Lotte Shopping down 52.92% and 39.54% respectively. Luxury goods sales growth has moderated to 15.6% year-over-year in August from prior 30%+ rates, while home appliance sales turned negative at -1.2% following Samsung Electronics' promotional festival in June-July. The Korean won's strength—weakening from 1,550 won per dollar in early Q3 to 1,360 currently—has also

According to Korean Investment Trust Management on September 29, the ACE U.S. Nasdaq-100 ETF achieved cumulative individual net purchases of 509.7 billion won since the start of 2026. The fund posted 1-year and 3-year returns of 19.56% and 108.17% respectively, with net assets of 3.61 trillion won as of September 28. The ETF tracks the Nasdaq-100 Index, comprising the top 100 non-financial companies on the Nasdaq market, providing diversified exposure to major global technology and growth stocks

Trump announced a $15 billion investment in steel manufacturing facilities with an annual production capacity of 10 million tons, aiming to boost domestic manufacturing. The initiative is part of efforts to promote the reshoring of U.S. industrial production.

According to the Financial Supervisory Service (FSS), on September 29, South Korea's financial regulator issued a no-action letter confirming that stable-yield performance-linked products offered by the National Credit Union Central Council can be recognized as liquid assets in credit union liquidity ratio calculations without regulatory sanctions. The FSS determined that such products qualify as liquid assets if they guarantee principal and allow free early redemption. This decision expands reg