Gate Crypto Flash News and Market Updates

According to Korea Enterprises Evaluation, Nongshim E-Sports, the operator of League of Legends pro team Nongshim Red Force, received its first-ever credit rating on September 29. The company was assigned an A3 rating for commercial paper and short-term debt, with an issuance limit of 5 billion Korean won. This marks the first credit rating granted to a domestic esports organization. The rating reflects Nongshim's parent company support and brand leverage. Nongshim owns 95.1% of the esports subs

According to major South Korean brokerages on October 7, SK Hynix's target price was maintained at 4 million won by IBK Investment & Securities, citing undervaluation amid sustained high profitability and planned large-scale share buybacks. The brokerage expects operating margins of 78.4% in Q3, supported by rising AI-driven memory demand and limited supply growth. Separately, Hana Securities kept Hyosung Heavy Industries' target at 4.3 million won despite lower-than-expected Q3 earnings, attrib

According to LG Electronics' official disclosure on October 7, the company posted third-quarter operating profit of 780.7 billion won, up 13.5% year-over-year, with nine-month cumulative operating profit reaching 4.0346 trillion won—marking the first time it has surpassed the 4 trillion won threshold. Q3 revenue reached 23.827 trillion won, up 8.9% from the prior year. However, the Q3 result fell 17% short of market consensus estimate of 940 billion won, primarily due to unfavorable currency eff

According to sources, Chinese AI startup DeepSeek is seeking over 80 billion yuan ($11.93 billion) in a funding round expected to close in October at a valuation of 500 billion yuan ($74.6 billion). The total fundraising could reach 100 billion yuan ($14.9 billion), with Tencent Holdings and battery maker CATL among the biggest contributors. DeepSeek, which develops large language models, has hired CITIC Securities to prepare for a potential initial public offering on Shanghai's STAR Market.

According to Yonhap Infomax, South Korea's 10-year government bond futures fell 9 basis points to 104.59 on October 7, while 3-year futures declined 3 basis points to 102.60. The decline came despite global rates easing overnight following easing fiscal concerns in France, as domestic markets showed fatigue after recent strength and faced caution ahead of a 1.8 trillion won 30-year bond auction. Foreign investors net bought 1,186 contracts of 3-year futures while net selling 211 contracts of 10-

According to a Goldman Sachs survey released on October 6 and reported by CNBC, 93% of investors currently holding alternative assets remain satisfied with their investments, while 97% reported performance met or exceeded expectations. The survey, conducted from June 29 to July 31 among 1,000 high-net-worth individuals in the U.S. with investable assets exceeding $1 million, found that 56% of respondents experienced no change in their view of alternatives after learning of private credit market

According to Philippine Statistics Authority, the Philippines' unemployment rate eased to 5.3% in August 2026, down from 6% in July, as employment gains were driven by agriculture. Around 2.77 million Filipinos were unemployed in August, down from 3.14 million the previous month. Agriculture and forestry accounted for the largest month-on-month employment increase, adding approximately 847,000 workers, while construction added 390,000 jobs. However, manufacturing employment continued to decline,

According to Whale Alert, 250 million USDC was minted at the USDC Treasury on October 7, 2026. The transaction was announced via Whale Alert's official Twitter account.

According to LG Electronics' official disclosure on October 7, the company reported Q3 earnings that missed analyst expectations, with revenue of 23.827 trillion KRW versus consensus estimates of 24.215 trillion KRW, and operating profit of 789.8 billion KRW versus consensus of 1.03 trillion KRW. The earnings miss triggered a 5.38% stock decline to 220,000 KRW on the Korea Exchange. Q3 results still showed year-over-year growth of 8.9% in revenue and 13.5% in operating profit compared to the sam

According to analyst Eamonn Sheridan, a storm forming in the Gulf of Mexico on October 7 is expected to become 2026's first Atlantic hurricane within two days and may disrupt oil and gas facilities. The sea region affected accounts for approximately 15% of U.S. crude oil production and 5% of natural gas output, with up to six refineries at risk. Given that Gulf of Mexico coastal refineries represent roughly half of America's 18 million barrels per day refining capacity, supply disruptions pose s

According to Yonhap Infomax on October 7, LG Electronics reported third-quarter earnings that missed analyst expectations. The company posted 23.827 trillion won in revenue and 781.8 billion won in operating profit. While revenue rose 8.9% year-over-year and operating profit improved 13.5%, both figures fell short of analyst forecasts; revenue missed by 1.8% and operating profit underperformed consensus estimates by 19.9%.

According to FnGuide consensus, Samsung Electronics' third-quarter operating profit is projected to exceed 106.64 trillion won on October 8, with total revenue estimated at 200.64 trillion won—representing increases of 776% and 133% year-over-year—on October 7. The Seoul market showed volatility ahead of the earnings release, with KOSPI falling 1.04% and Samsung Electronics shares fluctuating amid mixed investor sentiment. Brokerages attributed Q3 gains to DRAM and NAND price increases of 15-18%

According to the EIA Short-Term Energy Outlook released on October 7, the agency raised its 2026 WTI crude oil price forecast to $88.21 per barrel from a prior estimate of $84.65 per barrel. For 2027, the forecast was increased to $79.74 per barrel, up from $69.74 per barrel. Brent crude forecasts were similarly revised upward to $96.32 per barrel for 2026 (from $91.01) and $83.74 per barrel for 2027 (from $73.74). U.S. crude futures rose 0.54% to close at $89.91 per barrel, while Brent crude ad

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.