Gate Crypto Flash News and Market Updates

According to Senator Cynthia Lummis, Wyoming chartered the first digital asset banks in the United States on October 2, establishing an accompanying regulatory framework. Wyoming's banking department and New York's Department of Financial Services have entered into a cooperation agreement to streamline the chartering process and coordinate oversight of entities conducting digital asset-related business.

In the third quarter of 2026, the U.S. 10-year Treasury yield rose 87 basis points, marking its largest quarterly gain since 1994, while South Korea's dollar-won exchange rate declined by about 200 won to around 1,300 won, defying the typical pattern of higher U.S. yields driving dollar strength. According to South Korea's Ministry of Industry, Trade and Energy, September exports reached $120.9 billion, up 83.5% year-on-year and hitting a record high, with the trade surplus reaching $49.8 billio

According to Bitcoin News, a wallet inactive since May 2011 transferred 20.43 BTC ($1.7 million) on October 2, ending a 15.4-year silence. Arkham tracking indicates the bitcoins originated from Braiins (Slush Pool) mining rewards distributed at $3-$4 per BTC. The transfer to a Segregated Witness address incurred less than $1 in fees and has not yet been deposited to any known exchange addresses.

According to Yahoo Finance, the KBW Nasdaq Bank Index, which tracks major U.S. banks, fell 0.17% today (October 2) after dipping as much as 2.4% during the session. The index has declined 13% from its August high and returned to May-end levels. Major banks including Citigroup, PNC, and Bank of America also fell. The sector recorded its worst monthly performance relative to the S&P 500 since 1990 in September, according to Truist Securities analyst Brian Foran.

Japan's 30-year government bond yield decreased by 4 basis points to 4.130% today.

According to Manish Agarwal, KGeN co-founder and CEO, on September 28, the Web3 data firm announced plans to significantly expand its Korean operations, including hiring a local operations team and considering acquisitions of domestic companies. The move follows the July launch of K-Quest, a user participation program that collects Korean and English voice data for AI training. Agarwal emphasized that Korea's aging population and rising labor costs make it a strategic hub for humanoid robot depl

On October 1, Micron (MU-US) posted fourth-quarter earnings that exceeded Wall Street expectations and provided optimistic guidance for the first quarter, driven by sustained strong artificial intelligence infrastructure demand. Shares rose over 3%, making Micron a key driver in the semiconductor sector's rebound. However, the company projected gross margins would slip to 86.25% from the prior quarter's 87% due to wage increases and employee bonuses, dampening investor enthusiasm. CEO Sanjay Meh

According to the Bureau of Treasury, on September 29, the Philippines launched Retail Treasury Bonds Tranche 32 (RTB-32) with a 2.5-year term and 6.875% annual coupon rate, achieving P84.9 billion in oversubscription against a P30 billion target on its first day. The minimum investment is P5,000. Investors can subscribe through authorized banks or digital platforms including the BTr Online Ordering Facility, LANDBANK Mobile Banking App, RCBC Pulz, GCash GBonds, and PDAX. Final settlement is sche

According to ChainCatcher, payment infrastructure company Walapay recently announced the completion of a $4.6 million seed funding round led by Gen Venture Capital, with participation from Commerce Ventures, Polygon, AAF Management, Verda Ventures, NGC Ventures, FGV Capital, JSquare, Reflexive, and Big Brain VC. The company plans to use the proceeds to obtain additional licenses, expand banking partnerships, and grow its team. Walapay provides global payment infrastructure enabling account openi

According to Hong Kong Exchanges and Clearing disclosure on September 30, Beijing Baibe Biotechs (301080.SZ) submitted a listing application to the Hong Kong main board, with China Merchants Securities International as sole sponsor. The company develops, manufactures and sells recombinant proteins, antibodies and diagnostic testing kits. According to Frost and Sullivan data, by 2025 revenue, Baibe ranks first among Chinese suppliers in the global recombinant protein market and third globally wit

Thinkin Biotech announced recently that clinical trial results from its Phase III study of autologous monoclonal antibody QX005N for treating prurigo nodolaris (PN) were selected as Late Breaking News (LBN) and presented via oral presentation at the 35th European Academy of Dermatology and Venereology (EADV) Congress 2026 held in Vienna, Austria. The multicenter, randomized, double-blind, placebo-controlled trial enrolled 412 patients across 62 research centers in China, comparing 450mg QX005N o

According to ChainCatcher, Osmosis, a decentralized exchange protocol in the Cosmos ecosystem, proposed burning approximately 17.4 million OSMO tokens by withdrawing previously deployed liquidity from community pools. The proposed destruction represents 65% of the total OSMO supply burned to date.

The Nikkei 225 Index decline expanded to 1% intraday on October 2.

According to Jin10, Australia's 10-year government bond yield narrowed to around 12 basis points below its US counterpart on October 2, approaching the smallest gap since September 2025. The narrowing reflects diverging monetary policy expectations between the two countries, with markets increasingly betting the Reserve Bank of Australia is nearing the end of its rate-hiking cycle while the Federal Reserve still has room to tighten. NAB's chief rates strategist Kenneth Crompton said the spread c

According to Edaily, Cupix rebranded on October 2, transitioning from a construction site digital twin specialist to an Enterprise Spatial Intelligence decision-making platform company. The company unveiled CupixWorks 5.0, featuring AI-driven progress management, drone data integration, natural language spatial search (Compass), and asset location management (AssetAtlas). The new platform enables AI to compare design and actual site data, supporting automated workflow and decision-making across

According to Financial News, KOSPI opened down 0.47% on October 2, reaching 6938.27.

According to Kyobo Securities, South Korean food company Samyang Foods is projected to report Q3-Q4 2026 consolidated revenue of 818.5 billion won and operating profit of 183.2 billion won, representing year-over-year growth of 30% and 40% respectively, in line with market consensus. Despite recent currency weakness concerns, the company's overseas sales expansion continues and selling, general and administrative expenses are declining, with profit margins expected to defend losses to just 0.5 p

According to Yonhapnews, the KOSDAQ index broke above the 900 mark during intraday trading on October 2, hitting 900.32, up 0.67%.

According to Bloomberg, SK hynix raised $26.5 billion through its US listing of American depositary receipts in the third quarter ended September 30, accounting for the majority of the period's $36.1 billion in total US IPO proceeds. The quarter marked the second-busiest for US IPO proceeds since 2021, though momentum slowed in September as investors remained selective despite record-high stock indexes.

Gate News message, U.S. spot Bitcoin ETFs recorded -$24.4M in net outflows on October 1. Among the 12 funds, 5 have reported their data so far. According to the reported data, BTC recorded +$14.6M in inflows, while GBTC recorded -$31.4M in outflows. Additionally, ETF custody wallets saw 1.8K $BTC (approximately $150.2M) in net outflows over the past 24 hours.