Gate Crypto Flash News and Market Updates

According to Money Today, Ducksan Nepcore S surged 6.06% to 19,070 KRW on the second day of its listing on the KOSDAQ exchange on October 1. The stock had reached as high as 28,700 KRW intraday on its first trading day. The company is notable as the first exception case approved for dual listing amid South Korea's financial regulator's general ban on such arrangements.

According to Hana Securities, on September 30, the company issued $300 million of U.S. dollar-denominated subordinated notes, marking the first such issuance by a domestic South Korean securities firm. The notes carry a 30-year maturity with a call option exercisable after 5 years, received a BBB credit rating from S&P, and carry a 6.50% coupon rate. The offering drew $1.7 billion in orders from over 120 institutional investors globally, approximately 6 times the offer size.

According to South Korea's Ministry of Trade, Industry and Energy, on October 1 the U.S. and South Korea agreed to amend a prior compromise agreement (SA) with Westinghouse, clearing a major obstacle to Korean nuclear reactor exports. Under the bilateral "Korea-U.S. Nuclear Framework," the two countries will invest up to $120 billion from a $200 billion bilateral investment fund to construct eight large-scale nuclear reactors in the United States. Korean nuclear-related stocks rose following the

According to iM Securities, 18 South Korean banks issued 128 types of bonds totaling 28.038 trillion won in September, exceeding August's 24.9 trillion won and July's 25.7 trillion won, as well as the January-August monthly average of 22 trillion won. The surge was driven by end-of-quarter liquidity ratio management and maturing deposits from major semiconductor companies. However, supply pressures are expected to ease in October despite continued net issuance of bank bonds. The gap between depo

According to Korea Securities Depository, South Korean retail investors made a net purchase of $1.363 billion in U.S. Treasuries in September, marking the third consecutive month of buying as yields on the 10-year U.S. Treasury surged to 5.3%—the highest level in 24 years—on September 30. In the same period, domestic bond net purchases reached 4.0225 trillion Korean won, the highest since April 2024, with the 3-year Korean Treasury yield climbing above 4.1% on September 28. The shift reflects in

According to Money Today, Ducksan Nepcore gained 6.06% on October 1 morning, trading at 19,070 Korean won as of 9:51 a.m., the day after its Kosdaq debut. The company is the first approved exception to South Korea's dual-listing prohibition, with its previous high reaching 28,700 won during intraday trading.

According to Korea Exchange, Brils, a robot modularization platform solutions provider, surged 135.9% on its KOSDAQ debut on October 1, closing at 46,000 Korean won against its initial public offering price of 19,500 won. The company raised 23.4 billion won through the issuance of 1.2 million shares. The IPO attracted massive retail investor interest, with a subscription competition ratio of 1,676:1 and deposit funds totaling approximately 4.9 trillion won from 113,800 applications. Institutiona

According to Reuters, Chile's copper output in August fell 12.8% year-over-year to 369,500 tons, marking the lowest monthly production since February 2011, as severe weather disrupted mining operations. Storms, floods, and heavy snow that swept the Andes mountains from mid-July onward forced major copper mines to halt production for weeks and damaged port facilities, causing shipping delays. Chile accounts for 25% of global copper supply, potentially creating significant supply constraints world

According to Yonhapinfomax, Seoul's bond market focused today on South Korea's Treasury bond issuance plan, which will be announced after market close on October 1. The government plans to reduce Treasury bond issuance from planned levels by using surplus tax revenue for repayment. With 44 trillion won remaining in this year's issuance capacity, market participants closely monitored how much the government would cut the scheduled volume. Analysts estimated that 38 to 40 trillion won would be con

According to Yonhap Infomax, on October 1, the U.S. economy exceeded expectations with second-quarter GDP growth reaching 2.2% annualized, surpassing forecasts of 1.5% and first-quarter growth revised upward to 2.5%. The stronger-than-expected economic performance supported U.S. dollar strength; the 30-year Treasury yield climbed to 5.60%, marking its highest level since June 2002. However, inflationary pressures eased, limiting further dollar gains. Core PCE, the Federal Reserve's preferred inf

According to Bank of America semiconductor analyst Vivek Arya, AI capital expenditure is expected to exceed market expectations in the coming quarters. Arya raised the potential total addressable market (TAM) for AI data center systems from 2026 to 2030 to $2.2 trillion, representing 40% annual growth, up from the prior estimate of $1.8 trillion with 33% growth. The analyst cited competitive pressure between public and private AI labs, limited chip supply, and the shift toward inference computin

On October 1, Shanghai Gold Exchange gold futures (T+D) rose 1.37% to 906.8 yuan per gram in early trading, while silver futures (T+D) gained 0.67% to 14,890.0 yuan per kilogram.

According to BlockBeats, on October 1, Robinhood CEO Vlad Tenev announced the company plans to expand its stock tokens from about 200 to thousands. Tenev, speaking to The Rollup, also confirmed that private stock tokens are the next phase of development. The company is building relationships with private companies through Robinhood Ventures and will work to help them develop retail strategies as they consider going public.

According to Yonhap Infomax, Hong Kong financial market closes on October 1 for China's National Day holiday, while mainland China observes the week-long holiday through October 7. U.S. stock markets ended mixed yesterday, with the Dow Jones and S&P 500 retreating after initial gains driven by softer-than-expected August PCE data, which fueled expectations of slower rate hikes. The offshore dollar-yuan exchange rate traded at 6.7081 yuan as of Thursday morning Seoul time, down 0.01% from the pre

According to The Block, on October 1, the U.S. Commodity Futures Trading Commission (CFTC) secured a court judgment ordering Brian Early and Alisha Ann Kingrey to pay over $30 million in penalties for their roles in the Fundsz fraud scheme. The U.S. District Court for the Middle District of Florida found the defendants, who served as board members and Telegram group administrators for Fundsz entities, made false claims about expected returns, historical trading performance, and investment risks.

According to BlockBeats, Robinhood CEO Vlad Tenev said on October 1 during an interview with The Rollup that the company supports both on-chain and off-chain perpetual contracts, with the specific product offering dependent on regulatory structure. Tenev noted that Robinhood Chain perpetual contracts trading volume recently exceeded $1 billion, while the company also offers perpetual contracts through Bitstamp in a more centralized manner. Following yesterday's announcement of perpetual contract

According to industry analysts, the U.S. FDA approved a new sunscreen ingredient, bemotrizinol, on August 9, marking the first new UV filter approved in over 20 years. The approval is expected to boost Korean cosmetics contract manufacturers (ODM), particularly Korean Colmar, which holds FDA OTC certification and supplies major domestic indie beauty brands. The new ingredient, approved at a maximum concentration of 6 percent for adults and children over six months, allows Korean cosmetic brands

According to lawmakers from South Korea's ruling and opposition parties, on October 1 both sides agreed to exclude executives from major financial companies from testifying at the Financial Services Committee audit scheduled for October 8. The agreement covers CEOs of five firms including Samsung Securities, Mirae Asset Securities, and Korea Investment Securities, as well as Kim Nam-goo, chairman of Korea Investment Financial Holdings, and Park Hyun-joo, chairman of Mirae Asset Group. The decisi

According to Ned Davis Research, the S&P 500 index remained near its all-time high on September 30 (U.S. time), but market breadth indicators deteriorated to historically poor levels, signaling a potential peak in the bull market. The index stayed within 2% of its August record high, yet only 25% of constituent stocks traded above their 50-day moving average and 45% above their 200-day moving average last week. NDR noted this simultaneous deterioration has occurred only 6 times since 1980. Histo

Mirae Asset Securities renamed its M-STOCK mobile trading platform to MAPS on October 1, transforming it into an integrated investment platform. MAPS, which stands for 'Mirae Asset Portfolio Service,' is designed to help customers view their asset holdings, review investment directions, and execute trades from a portfolio perspective. The platform introduces a new digital assets menu featuring market information and price data, alongside insights on blockchain technology and research materials.