Gate Crypto Flash News and Market Updates

Applied Materials announced today (October 2) that Bestem Semiconductor has joined its Equipment and Process Innovation and Commercialization (EPIC) center as an innovation partner, expanding their long-term strategic collaboration. The expanded partnership will focus on next-generation 3D IC development and logic-memory integration for AI computing and memory architectures, including hybrid bonding platforms, thermal compression bonding technology, and photonic interconnect applications support

According to RootData, Movement (MOVE) will unlock approximately 176.74 million tokens worth roughly $1.79 million on October 9 at 11:00 AM UTC+8.

According to The Block, Porsche is shutting down its Web3 project launched in 2023. NFT holders will retain their PORSCHΞ 911 NFTs, while the PIONΞERS Discord community will transition to read-only mode and the @ethporsche Twitter account will cease updates.

According to RootData, Mango Network (MGO) will unlock approximately 28.687 million tokens on October 9 at 9 a.m. Beijing time, worth approximately $1.69 million.

According to RootData, a Web3 asset data platform, STEPN (GMT) will unlock approximately 55.31 million tokens on October 9 at 8:00 AM Beijing time, valued at roughly $2.43 million.

According to RootData, Avantis (AVNT) will unlock approximately 18.72 million tokens worth around $2.36 million on October 9 at 2:00 PM Beijing time.

South Korean technology stocks surged on October 2 morning following news that the Korean Astronomy Institute joined NASA's next-generation infrared space telescope project PRIMA as an international partner. SPIER led the gains, rising 8.06% to 24,800 won, while Nara Space Technology climbed 6.36% and Korea Aerospace Industries increased 3.62%. Optical communication companies also rallied amid expectations for expanded AI data center demand and the U.S. Federal Communications Commission's planne

According to Gene Munster of Deepwater Asset Management, Tesla is expected to deliver 497,000 vehicles in Q3, above Street consensus of 461,000, signaling that the EV winter is beginning to thaw. Munster cited rising gasoline prices, growing awareness of Full Self-Driving (FSD), and doubled lead times for Model 3 and Model Y (from 5-6 weeks to 10 weeks) as indicators of stronger-than-expected demand. The delivery report is due Friday as TSLA stock has declined 5% this week. Meanwhile, Elon Musk

According to Cointelegraph, Illinois government officials agreed to postpone the implementation of a 0.2% digital asset tax from January 1, 2027 to July 1, pending court approval. The delay was granted following a lawsuit filed by The Digital Chamber in July, which challenged the tax on grounds that it was included in the state budget without adequate public discussion and feedback. The state's Department of Revenue previously published a draft implementation framework and opened a public commen

According to Goldman Sachs on October 2, Latin America would face the most severe impact if the U.S. banned diesel exports. Ecuador, Chile, Mexico, and Peru import more than 50% of their diesel consumption from the U.S., with a sudden supply disruption potentially reducing regional GDP by approximately 1%. Inventory buffers and increased exports from other regions would mitigate the effect. Goldman Sachs estimated that each week of U.S. diesel export restrictions would lower U.S. retail diesel p

According to YonhapInfoMax, on October 1, France-Germany 2-year government bond yield spread widened to 58.10bp, up 17bp from the previous day and marking the highest level since January 2012. Italy-Germany 2-year spread surged to 51.11bp, up 20bp, as markets reassess France's sovereign credit risk amid fiscal concerns. Meanwhile, Germany's 2-year yield fell 11.59bp to 3.0881%, signaling weakened expectations for further European Central Bank rate hikes. Mohamed El-Erian, economic advisor to All

According to Lookonchain, Maven 11 Capital sold 115,000 HYPE tokens at an average price of $93.84 per token a week ago, worth approximately $10.79 million. As HYPE's price declined, the address bought back 40,000 HYPE tokens today (October 2) at $89 per token, valued at approximately $3.56 million.

According to Yonhapinfomax, on October 2, South Korea's Deputy Prime Minister and Finance Minister Lee Hyung-il announced the government will reduce treasury bond issuance this year while monitoring bond market conditions. The Finance Ministry said it will cut government bond issuance for November by 5 trillion won from the originally planned amount, with plans to consider further reductions if necessary as it taps into surplus tax revenue.

According to South Korea's Financial Supervisory Service, the outstanding balance of derivative-linked securities and bonds reached 96.7 trillion won as of end-June 2026, marking the highest level since June 2023. The market recovery was driven by capital-guaranteed products, with derivative-linked bonds (ELB/DLB) accounting for 81.8% of total outstanding balance at 79.1 trillion won, up 14% year-over-year. New issuance surged 26.2% to 42.9 trillion won in the first half of 2026, while redemptio

As of late Thursday overnight, U.S. stock futures rose ahead of Friday's September jobs report — Dow futures gained 0.09%, S&P 500 futures rose 0.18%, and Nasdaq-100 futures climbed 0.36%. The jobs report is expected to guide the Federal Reserve's interest rate decision, with consensus forecasts projecting 84,000 new jobs and unemployment holding steady at 4.1%. Among individual stocks, Nike shares dropped nearly 9% in the overnight session after the company posted fiscal Q1 revenue of $11.2 bil

According to AP, international crude oil prices surged on October 1 amid China's suspension of refined oil product exports and U.S. plans to increase military presence in the Middle East. Brent crude for December delivery rose 4.37% to $102.31 per barrel, marking its first break above $100 since early September. WTI for November delivery climbed 2.71% to $92.87 per barrel. China's major refineries halted oil product exports to regions outside Hong Kong and Macau this month after the government w

According to Yonhapinfomax, South Korea's 3-year government bond yield fell 5.3bp to 3.962% on October 2 morning, marking the first drop below the 4% level since September 10. The 30-year yield also declined 5.3bp to 4.499%, reaching its lowest level in over two months. The decline was driven by the government's scaled-down October issuance plan released after market close on October 1, which reduced competitive bidding issuance to 12 trillion won, down 4 trillion won from the previous month.

According to USTR Representative Jamison Grier on October 1, the U.S. will announce results of an overproduction investigation targeting 16 major trading partners, including South Korea, within weeks. Grier stated the investigation would address market distortions caused by excess manufacturing capacity. He specifically cited China's EV market price competition, Japan's continued support for zombie companies, and Vietnam's insufficient domestic consumption as key concerns driving overproduction

According to the U.S. Securities and Exchange Commission's official statement, the SEC has issued a request for public comments on the affiliations between registered national securities exchanges and broker-dealers, particularly concerning security futures trading and compliance with Rule 15c3-3. The inquiry seeks stakeholder insights on operational structures and regulatory compliance frameworks. A deadline for feedback submission will be announced by the SEC.

According to Bank of Korea data released on October 1, the country's overnight call rate stood at 3.05%, with trading volume reaching 14.21 trillion won. Reserve adequacy showed a shortfall of 2.2117 trillion won, while cumulative reserve surplus reached 20.8893 trillion won. Government coffers saw substantial inflows, with market conditions indicating ongoing surplus liquidity amid steady low-rate funding demand.