Gate Crypto Flash News and Market Updates

According to Reuters, AI startup Anthropic filed confidential IPO documents with the U.S. Securities and Exchange Commission today, targeting a $2 trillion company valuation and planning to raise up to $100 billion in its November IPO. The company reported 2025 revenue of $4.6 billion, up 1,088% year-over-year, but posted cumulative losses of $42 billion. Anthropic also holds $518 billion in future payment obligations from investors including Amazon, Google, and SpaceX. The IPO filing underscore

According to investment banking sources on September 29, Lotte Insurance's public sale proceeding has been postponed to mid-October. The largest shareholder JKL Partners and adviser Samjong KPMG are coordinating the new timeline to broaden the pool of potential bidders before formally launching the sale process. Previous exclusive negotiations with Shinhan Financial stalled over valuation disagreements in July, leading to a shift toward a public auction. Potential bidders include Kookmin Bank an

According to Herald Economics, on September 29, South Korea's financial authorities are pursuing tax deduction benefits for exchange-traded funds (ETFs) investing in lower-tier KOSDAQ segments. The policy aims to mitigate investor concentration in higher-tier segments following the planned introduction of a KOSDAQ tier system. This marks the first time domestic ETF investments will receive income tax deduction benefits. The plan under discussion targets active ETFs that select lower-tier compani

Singapore-founded startup Ropedia launched an academic partner program providing researchers and institutions access to its HOMIE Gen2 platform for capturing multimodal data in robotics, embodied intelligence, and physical AI research. Nanyang Technological University Singapore was among the first to trial the platform, with researchers from its College of Computing and Data Science actively collecting data and training embodied AI models. Ropedia previously raised $30 million to scale its physi

AUD/USD fell over 20 pips and broke through the 0.70 level during remarks by Reserve Bank of Australia Governor Michele Bullock, declining 0.25% intraday on September 29.

According to on-chain data from @lookonchain, Zcash whale 0xf562 sold 25,001 ZEC for approximately $37.84 million, realizing a profit exceeding $27 million. The whale had acquired the tokens at an average price of $425 roughly two months earlier.

According to blockchain trackers, on September 29, a large Ethereum transfer of 38,851 ETH, worth approximately $104 million, moved between two unidentified wallets in a single transaction. The identity of both the sending and receiving wallets remains unknown.

According to the Financial Services Agency (FSA) of Japan, announced on September 29, the FSA launched a pilot project utilizing stablecoins for fund settlements in trade transactions. The initiative is part of the FinTech Proof of Concept Hub and the Payment Improvement Project, aimed at enhancing payment systems within the trade sector. The announcement signifies Japan's commitment to modernizing payment infrastructure through digital currencies.

According to market data, copper futures surged to approximately $14,500 per tonne this month, approaching record highs, as supply concerns mount. Workers at Antofagasta Plc's Centinela mine overwhelmingly rejected the company's final wage proposal, raising concerns about an imminent strike and further tightening global copper supplies.

According to Kakao Pay Securities, the company signed a memorandum of understanding (MOU) with RWA tokenization platform Ondo Finance on September 28 to establish an overseas distribution system for Korean listed stocks. The partnership aims to connect domestic stock trading infrastructure with global tokenized stock distribution networks, increasing accessibility for international retail investors. Under the collaboration, the firms will jointly develop infrastructure for Korean stock tokenizat

According to Mirae Asset Securities, the platform's top 1% performing investors in the past month sold Samsung Electronics, Samsung Electronics Preferred Stock, and Samsung Electro-Mechanics on September 29 morning, with Samsung Electronics being the most actively divested. Samsung Electronics traded at 274,500 KRW as of 11 a.m., up 1.67% from the previous day. The stock is ex-dividend today, with the company having announced approximately 30 trillion won in third-quarter cash dividends. Brokera

According to the Korea Financial Supervisory Service, on September 29, the country's top 10 securities firms announced measures to curb leveraged investing starting October 1. Credit financing will be limited to 90% of capital (down from the current 100% cap), while individual stocks—including Samsung Electronics and SK Hynix—will be restricted to no more than 15% of total credit balances. The minimum deposit rate for margin trading will also rise from 45% to 50% by year-end. The tightening foll

According to Tether's statement on Monday, the company froze nearly $550 million in Iran-linked USDT during 2026. The stablecoin issuer said it froze more than $130 million across four wallets this year and an additional $344 million linked to Iran's Central Bank in April, working with international law enforcement. CEO Paolo Ardoino stated that Tether has facilitated over $4.9 billion in asset freezes globally, including $2.4 billion coordinated with U.S. authorities. The announcement came as D

According to South Korea's Financial Services Commission, Financial Supervisory Service, and Korea Exchange, on September 29, members of a Seoul National University business club formed an information cartel and generated over 20 billion won in illicit gains by trading on non-public M&A information. The joint task force executed raids at approximately 20 locations including residences and offices, froze suspect bank accounts, and is pursuing maximum civil penalties up to twice the illicit gains.

According to Mixo Das, JPMorgan's head of Korea equity strategy, the bank maintained an overweight rating on Korean equities for the 6–12 month outlook on September 29, citing sustained AI investment momentum and attractive valuations. Das stated that Korea remains significantly undervalued compared to Japan and will likely deliver the highest returns globally for the second consecutive year. JPMorgan identified three growth drivers: continued AI momentum, corporate governance reforms, and delev

WTI crude oil rose 1.00% to $92.95 per barrel today (Sept. 29).

According to Lookonchain data reported by ChainCatcher, two dormant whales have resumed activity following recent QNT price gains. One whale deposited 8,250 QNT ($1.88M) to Binance, while another transferred 34,200 QNT ($8.05M) and deposited 9,000 QNT ($2.12M) combined to Coinbase and Kraken.

According to the South Korea Exchange official on September 29, the operator unveiled a roadmap to extend trading hours and strengthen oversight of duplicate listings and underperforming firms as part of its 'Korea Premium' initiative. The exchange plans to align with major global bourses adopting 24-hour trading systems by end-2026, enabling domestic investors to respond to London and New York market movements in real time. The exchange will also enhance duplicate listing scrutiny, enforce stri

At the Ethereum Korea One conference today (Sept 29), DB Securities CFO Jung Hyun-il called for the industry to move beyond demonstration projects and proof-of-concepts toward actual financial applications of blockchain technology. Jung emphasized that traditional financial institutions and blockchain developers must combine their strengths, with finance providing capital and trust while builders contribute technical innovation. He stressed that financial services responsibility remains unchange

According to Korea Exchange, SK Hynix stock fell 5% today (September 28), extending its decline to over 40% from its June 25 high of 2.987 million won. The stock currently trades at 1.752 million won. Analysts attribute the selloff to softening memory demand and concerns over "duplicate listing" following news that the company's U.S. subsidiary Solidigm is pursuing an IPO. Reuters reported on September 25 that Solidigm conducted bake-off presentations with investment banks for lead underwriter s