Gate Crypto Flash News and Market Updates

On October 5, Seoul Southern District Court approved an injunction request filed by listed companies Juyeon Tech and KM Pharma against the Korea Exchange, suspending delisting procedures pending final ruling. The court found that the market capitalization-based delisting criteria lacked sufficient procedural due process, with listed companies denied adequate opportunity to respond or appeal. Delisting procedures for SHD (Kospi) and Sejin TS, AFW (Kosdaq) are now suspended, with potential cascadi

According to Hana Securities analyst Ko Yeon-soo on October 7, Mirae Asset Securities' share price target was downgraded 29.5% to 67,000 KRW from 95,000 KRW due to estimated valuation losses of approximately 1 trillion KRW. The losses stem from SpaceX holdings declining from $170 to $150 per share and the Korean won strengthening against the dollar from 1,549 to 1,353 per USD. Q3 net loss is estimated at 408.8 billion KRW, significantly below market expectations of 98.6 billion KRW profit. Despi

According to the Korea Exchange and Hansom's October 18 announcement, the South Korean fashion retailer's stock surged 31.9% over the past three weeks following the launch of an expanded shareholder return policy. The plan raises the minimum dividend per share from 750 won to 800 won and allocates 10 billion won annually for share buybacks through 2028. The company also increased its dividend payout ratio target from 15-20% to at least 20% of operating profit, expected to lift total shareholder

According to Financial News, Skylake Equity Partners launched a new fund called 'Skyalt' with 1 trillion won (approximately $770 million) in capital today (October 7), backed by South Korea's national growth fund policy financing. The firm made its first investment through this platform, committing 200 billion won to Alteogen via convertible preferred shares (CPS) and redeemable convertible preferred shares (RCPS) at a 10.3% premium to benchmark price. The new investment platform can execute up

According to South Korea's Ministry of Trade, Industry and Energy, foreign direct investment (FDI) inflows reached $14.87 billion in the cumulative first three quarters of 2026, up 30.6% year-over-year and marking the highest Q3 figure on record. Cumulative FDI pledges totaled $22.9 billion, up 10.8% from the same period last year. U.S. investment led the surge with pledges reaching $6.69 billion, up 35.1%, driven by flows into semiconductors, materials, components, equipment, and AI data center

China's foreign exchange reserves declined to $340.03 billion in September from $343.83 billion in the previous month, according to official data, representing a decrease of approximately $3.8 billion.

According to Guru Club, China's central bank added 740,000 ounces (23.02 tonnes) of gold reserves in September, bringing total holdings to 77.47 million ounces (2,409.59 tonnes). The People's Bank of China has now expanded its gold reserves for 23 consecutive months.

According to Hong Kong Bourse disclosure on October 7, Jiangsu Slim West Lake Cultural Tourism Co. Ltd has passed the Hong Kong Bourse main board listing hearing, with China Everbright Securities International as exclusive sponsor. The company operates water tour and sightseeing transportation services in Yangzhou, operating 231 vessels with total single-voyage capacity of 4,273 passengers. Financially, the company recorded revenue of approximately 1.41 billion yuan in 2025 and 0.83 billion yuan

According to Gate's price data, Ethereum is currently trading at $2,650, down 2.12% over the past 24 hours.

According to ChainCatcher, trader @frogmanhaha's wallet (0x14...5794, 9wMS...ov8z) was compromised about 5 hours ago, with approximately $4 million in nine different assets drained and swapped for ETH, BNB, and SOL. The stolen funds were subsequently dispersed across multiple chains using Privacy Cash and Chainflip. Major assets affected include 1.43 million BP tokens (valued at $1.77M), 13.96 million MarsCoin ($1.55M), and 3.7 million Cash Cat ($51K).

According to statistics from Hekou Border Inspection Station, the China-Vietnam border port in Hekou, Yunnan saw cumulative cross-border passenger flow reach 5.003 million as of October 6, 2026. Daily average cross-border passengers reached 17,900, representing a 6.12% year-over-year increase.

According to China Earthquake Networks Center, a 3.5-magnitude earthquake struck near Gaoxian County, Yibin City, Sichuan Province on October 7 at 10:00 AM local time. The epicenter was located at coordinates 28.55°N, 104.66°E. The agency noted that final data will be confirmed in the official rapid assessment report.

According to Liquid24/7.xyz, Binance placed a large buy order for 10,114.56 ETH at $2,650 today, with a notional value of approximately $26.8 million. The order sits 0.06% below the mid-price of $2,651.47, representing one of the most prominent buy orders in the near-term order book.

According to SEC filing, Nebius COO Ophir Nave sold 500,000 Class A shares on Oct. 5 for approximately $118 million under a pre-arranged trading plan adopted in May. The sale represents roughly half of his stake. NBIS shares gained 7.4% on Tuesday as AI infrastructure stocks rallied broadly following Marvell Technology's upbeat long-term outlook. Marvell raised its fiscal 2028 revenue forecast to $20 billion from $18 billion at its Investor Day event, signaling strong AI infrastructure demand. N

According to Nikkei, Samsung Electro-Mechanics plans to invest nearly $5 billion by 2028 in South Korea and Vietnam to expand FC-BGA (flip-chip ball grid array) semiconductor substrate production capacity for AI servers and high-performance computing components.

According to Cointelegraph, on October 7, Germany's Federal Financial Supervisory Authority (BaFin) rejected the MiCA licensing application submitted by futurum bank AG, a subsidiary of Bitcoin Group SE. The rejection has led to continued trading suspension on Bitcoin.de, the German crypto exchange platform with over 1.1 million registered users. Trading on the platform has been largely halted since June 12. Bitcoin Group SE is now evaluating alternative operating models and seeking to resume Bi

According to Odaily, U.S. Representative Don Davis from North Carolina introduced the "Prohibition on Betting on One's Own Election Act," which would ban federal election candidates, campaign teams, and their spouses and children from buying or holding political event contracts related to their own election results before the 2026 midterm elections. Violators face civil fines up to $10,000 or forfeiture of up to three times any potential profits. The bill cannot be reviewed before the 2026 midte

According to Kyodo News citing sources familiar with the matter, Japan may mention nuclear-powered submarines in key security documents to be revised by year-end, listing them as a subject for further study and discussion. Government sources said that if such submarines are included in the documents, the language will likely not suggest that Japan has already decided to acquire them, as the issue remains sensitive despite support from some ruling coalition lawmakers.

According to Japan's Ministry of Health, Labour and Welfare, released on October 7, real wages for workers at businesses with five or more employees grew 1.5% year-over-year in August, extending gains for an eighth consecutive month. Nominal cash earnings per worker rose 3.8% to 311,364 yen, with regular wages up 3.8% and overtime pay increasing 5.2%. Inflation for the period remained at 2.2%.

According to Jin10, on Tuesday (October 7), U.S. President Trump announced that American taxpayers will hold a 40% stake in a planned Maryland submarine shipyard at Sparrows Point. Defense contractor Anduril is planning to invest $3.7 billion in the facility to manufacture components for Virginia-class submarines, and has secured a U.S. Navy contract valued at up to $2.9 billion. Trump stated the project will create 3,000 jobs in Maryland as part of the administration's broader investment initia