Gate Crypto Flash News and Market Updates

According to Novo Nordisk, patients who switched from obesity injection to its new Wegovy oral tablet continued to lose weight over three months, according to real-world data analysis released Wednesday. The findings suggest the oral formulation may not only maintain weight loss achieved with the injectable but potentially improve results further, offering patients a more convenient treatment option compared to weekly injections.

According to The Verge, Grokipedia unveiled a v0.3 design update on October 1, featuring a redesigned homepage with new featured articles, most-read articles, and a live edits tracker. The AI-powered Wikipedia competitor also updated its article page layouts and table formatting, according to SpaceXAI head of design Benji Taylor.

According to South Korea Customs, the country's September exports surged 104.9% year-over-year on a work-day-adjusted basis, driven by robust global demand for semiconductors fueled by artificial intelligence. South Korea's cumulative exports for the first nine months of 2026 reached $814.5 billion, marking the first time the figure has exceeded $800 billion and setting a new all-time record.

According to Fortune, as reported by ChainCatcher, the U.S. Securities and Exchange Commission (SEC) today filed lawsuits against two private fund advisors for allegedly misrepresenting investments in pre-IPO shares of companies including OpenAI and SpaceX, while misappropriating investor funds. Meyer Global Management and its principal Owen Meyer raised at least $18.5 million from approximately 100 investors for pre-IPO share purchases but allegedly misappropriated $1.27 million for personal co

On October 1, Brills surged 150% on its first day of trading on South Korea's KOSDAQ exchange. As of 9:10 a.m., the robotics automation company's stock traded at 48,600 Korean won, up from its IPO price of 19,500 won. Founded in 2015, Brills designs and manufactures robot automation solutions including logistics, manufacturing, and food processing robots. The company plans to use IPO proceeds to expand research and development investments and accelerate global market expansion.

According to CoinGecko, Bitcoin recovered to $85,600 overnight on October 1 following the release of weaker-than-expected U.S. PCE inflation data, but surrendered most gains to trade around $83,728 by morning. The price volatility triggered cascading liquidations: about $55 million in short positions and $27 million in long positions were liquidated in the four hours surrounding the PCE announcement, according to Coinglass. Analyst concerns focus on potential further Fed tightening, which may li

According to Korean Investment & Securities, the brokerage cut its target price for Hotel Shilla to 63,000 won on October 1, down 13.7% from prior guidance, while maintaining a 'buy' rating. The analyst expects 3Q operating profit of 54 billion won, significantly below market expectations by 15.6%. Research analyst Kim Myung-ju attributed the downgrade to weaker-than-anticipated performance in the duty-free business segment, despite solid hotel operations supported by increased inbound tourism.

On October 1, Brills surged as much as 156.15% in morning trading on its first day listed on KOSDAQ. The South Korean robotics company's shares traded at 49,950 Korean won, compared to its IPO price of 19,500 won. Founded in 2015, Brills provides one-stop robot modularization platform solutions, serving automotive, battery, and semiconductor industries with precision inspection, assembly, logistics, and safety control systems.

According to Money Today, robot modulization platform company Brills soared 154.36% on its KOSDAQ debut on October 1, trading at 49,600 KRW as of 9:05 a.m., up from its IPO price of 19,500 KRW. Brills supplies precision inspection, assembly, logistics, and safety control solutions to automotive, secondary battery, and semiconductor production processes using industrial robots, collaborative robots, and autonomous mobile robots (AMRs).

According to Shinhan Asset Management, on October 1, the SOL 200 Target Weekly Covered Call ETF distributed 170 won per share for September, with a monthly distribution rate of 1.43% based on the closing price on September 28. The fund, which launched in March, has maintained consistent monthly distributions since April, averaging approximately 1.4% per month, by combining option premiums from weekly call sales on the Kospi 200 index with dividend income from the underlying constituents.

According to Bloomberg, OpenAI said on September 30 that users linked to Moonshot AI, a Beijing-based AI startup behind the Kimi chatbot, attempted to extract hidden reasoning data from its GPT systems. The company said the activity peaked at 16,000 requests in July. Users allegedly copied encrypted reasoning from one conversation and asked a model in another conversation to transcribe it. OpenAI said the effort could help reproduce the reasoning and capabilities of its most advanced models.

According to Reuters, DeepSeek and Huawei Technologies partnered on September 30 to develop programming tools optimized for Huawei's Ascend chips, including compute and communication libraries. The two companies jointly advanced a supernode system based on 128 Ascend 950 chips. DeepSeek also highlighted TileLang, an open-source programming language for AI chips, in improving development efficiency.

According to OnchainLens monitoring on October 1, Multicoin Capital transferred 92,380 HYPE tokens valued at approximately $8.34 million to Coinbase Prime, suggesting a potential sale.

According to OnchainLens monitoring, a whale withdrew 2,000 ZEC from Binance on October 1, worth approximately $2.82 million. The funds were subsequently consolidated into the whale's main accumulation address, which now holds approximately $66.19 million worth of ZEC.

According to Minneapolis Federal Reserve President Kashkari on October 1, inflation remains elevated at around 3%, and despite economic shocks, the economy continues to strengthen. Kashkari stated he anticipates one additional rate hike this year and another in 2027, as continued economic strength raises questions about the degree of monetary tightening needed.

According to Yonhapinfomax, as of end-June 2026, South Korean credit unions with complete capital erosion increased to 34, up 14 from 20 at end-2025, despite ongoing merger efforts. In the first half of 2026, 22 credit unions newly entered complete capital erosion status, outpacing the 21 units resolved through mergers. The Seoul metropolitan area, traditionally more resilient, saw its share of troubled units rise to 13 from 4, with 11 of 22 newly distressed units concentrated in Seoul, Incheon,

The Nikkei 225 Index rose 1.00% intraday on October 1.

According to AXIOS, U.S. Secretary of State Rubio ordered Iran's UN delegation to immediately leave the United States on Monday, marking a rare diplomatic rebuke. The move follows stalled negotiations between the two nations, according to an American official and another informed source.

According to Onchain Lens, Ripple unlocked 1 billion XRP from escrow on October 1, worth approximately $1.49 billion. The four escrow transactions, comprising 400 million, 300 million, 200 million, and 100 million XRP respectively, were completed within minutes.

According to PANews, Base deployed its third network upgrade of 2026, Cobalt, on October 1, introducing Validity Transactions and B20 enhancements to mainnet. Validity Transactions allow advanced traders to submit transactions with validity conditions that remain private until execution criteria are met, then execute automatically. The upgrade includes three B20 enhancements: Composite Policies enables token issuers to combine whitelist and blacklist rules using OR or AND logic without duplicati