Gate Crypto Flash News and Market Updates

According to South Korea's Finance Minister, the country's economy is expected to grow by 3% this year.

U.S. Treasury Secretary Bessent projected third-quarter economic growth will exceed 3%, according to recent statements. The Treasury chief also indicated that an end to the Iran conflict could lead to a decline in mortgage interest rates.

According to Yonhapinfomax, LG CNS unveiled its blockchain infrastructure platform KITL on October 6, providing financial institutions including banks, securities firms, and card companies with essential services for digital assets such as stablecoins, tokenized securities (STOs), and real-world assets (RWAs). KITL offers four core functions: digital wallets, transaction processing, fee handling, and transaction record collection. LG CNS has signed memorandums of understanding with five global b

According to Quantum Global CEO Kim Jun-young, U.S. 10-year Treasury yields recently broke above 5%, with potential to reach 8.1% if multiple adverse conditions converge—including accelerating inflation expectations, rising oil prices, and additional Federal Reserve tightening. The analyst emphasized that 8.1% represents an extreme scenario requiring concurrent geopolitical tensions in the Middle East, U.S. fiscal deficits, and global market dynamics, rather than a base case forecast. Kim highli

According to Kyobo Securities, on October 6, the South Korean brokerage initiated coverage on aerospace company Spier, naming it a Top-Pick with a target price of 40,000 KRW and a buy rating. Senior analyst Oh-Hwi Kwon noted that as the space industry transitions from development-focused to mass production, companies with verified supply chains and production capacity expansion are poised for earnings growth. Spier, which has secured a supply chain for aerospace-grade specialty alloys, is expect

According to Makinaworks, on October 6, the physical AI company deployed an equipment operation AI assistant system aboard the Pohang (FFG-825), a frigate under South Korea's Navy First Fleet, and began demonstration operations. The system is based on Makinaworks' Runway AI operating system and trained on naval equipment operation manuals and maintenance materials. Designed for the frigate's closed-network environment, the lightweight on-device AI enables naval personnel to quickly access operat

According to Shanghai Gold Exchange, on Oct 6, gold and silver futures contracts rallied in early morning trading. Gold T+D rose 1.37% to 906.8 yuan per gram, while silver T+D increased 0.67% to 14,890 yuan per kilogram.

According to Philippine Statistics Authority, inflation in the Philippines rose to 7.2% year-over-year in September, exceeding Reuters expectations of 6.6%.

According to Yonhapinfomax, South Korea's bond market is forecast to weaken on October 6 as global long-term interest rates continue rising despite softer U.S. employment data. The U.S. unemployment rate held at 4.2%, considered healthy by Federal Reserve Chair Jerome Powell, limiting the impact of slower job creation on rate expectations. President Lee Jae-myung emphasized the government's commitment to curbing real estate speculation, citing surging apartment listings in affluent Seoul distric

On September 16, CZ posted "Every dip is an opportunity" when Bitcoin was trading around $75,800, according to community records. Responding to claims that the post was prescient, CZ clarified on October 6 that the timing was coincidental and that his accuracy rate is only "slightly higher than 50%" because he remains consistently bullish on Bitcoin overall.

According to market data, Leopold Aschenbrenner's four options positions on Micron (strike $1,000), SanDisk (strike $1,600), Intel (strike $115), and Marvell (strike $250) all expired in-the-money over the past two weeks. The positions generated approximately $45.6 million in profit on a $96 million investment, representing a 47% return.

According to CoinDesk, Payward (the financial infrastructure company behind Kraken) integrated Singapore Gulf Bank's SGB Net real-time clearing network on October 5, enabling selected institutional clients across Asia and the Gulf to settle US dollar digital asset transactions 24/7, including on non-banking days. Singapore Gulf Bank's SGB Net handles more than $20 billion in fiat transactions monthly. Both companies plan to expand client participation and add more currencies over time.

According to ChainCatcher, the U.S. CFTC issued a no-action relief today allowing designated contract markets (DCMs) to convert existing perpetual-like contracts into true perpetual futures without expiration dates, with the exemption valid through October 20. DCMs must solicit input from open interest holders, provide advance notice with withdrawal opportunities, and disclose associated risks before conversion.

According to Nikkei, Vietnam's government extended multiple tax exemptions through December 31 to address energy supply disruptions caused by Middle East conflicts and help curb inflation. The exemptions on environmental tax, aviation fuel tax, value-added tax, and import duties will result in a loss of 13.8 trillion Vietnamese dong (approximately $530 million) to the government. The Finance Ministry stated the extensions aim to lower transportation, logistics, production, and operating costs du

According to financial sources, JB Financial Holdings issued 100 billion Korean won in subordinated capital securities on October 2 at a coupon rate of 5.90%, marking the high end of its guidance range of 5.20%–5.90%. The spread over the five-year Korean government bond reached 170 basis points, significantly exceeding the 90bp spreads seen among higher-rated peers such as iM Financial and KB Financial Holdings, which hold AA- credit ratings compared to JB's A+ rating. The higher borrowing cost

According to Hong Kong Exchanges and Clearing, on October 5, Kaisa Group Holdings (01638) saw a position transfer totaling 117.67 million Hong Kong dollars, representing 5.58% of the company. The shareholder transferred 493 million shares out of HSBC Hong Kong and transferred 463 million shares into BNP Paribas.

According to Hong Kong Exchange data, on October 5, Merry Health International (02327) repositioned 261 million shares from China Shenwan Hongyuan Securities Hong Kong to Mason Securities Hong Kong. The transfer valued at HK$56.30 million, representing 6.42% of the company's shareholdings.

According to iM Securities, the company launched fractional trading for Korean stocks, allowing investors to purchase holdings in KOSPI 200 and KOSDAQ 150 constituent stocks with a minimum investment of 1,000 Korean won. Market-suspended stocks and exchange-traded funds are excluded from the service.

According to Morgan Stanley report, SpaceX stock surged 7.6% to $171.09 on October 5 (local time), reaching its highest level since mid-June. The rally reflected optimism ahead of the company's third-quarter earnings report scheduled for late October and the next Starship test flight. Related South Korean listed companies rallied in response; Sphere (347700) jumped 10.37% to 27,150 Korean won on October 6 morning, while AJU IB Investment (027360) and Mirae Asset Venture Investment (100790) also

According to Cointelegraph, Fairshake, a cryptocurrency industry political action committee, announced on October 6 support for 32 House candidates in the 2026 U.S. midterm elections, including 19 Republicans and 13 Democrats. The PAC plans to invest over $100 million overall and allocated $6 million in the initial round, with $1 million each going to six candidates: Democrats Janelle Bynum, Derek Tran, and Steven Horsford, and Republicans French Hill, Bill Huizenga, and Bryan Steil. Fairshake s