Gate Crypto Flash News and Market Updates

According to Korean Exchange on October 8, HIVE shares rebounded 6.37% to 167,000 Korean won but remain down 58.82% from their February peak of 405,500 won, falling near the company's initial public offering price of 135,000 won. The decline reflects growing uncertainty around BTS activities in 2027, with analysts noting the entertainment company's high dependence on the supergroup. SK Securities indicated HIVE's gross margin contracted to 32% in the second quarter from 43% in the first quarter

According to Bloomberg, SK Hynix's Solidigm has selected Goldman Sachs and Morgan Stanley as lead underwriters for its planned U.S. initial public offering in 2027, targeting approximately $10 billion in fundraising. JPMorgan Chase, Citigroup, and UBS have also been invited to participate. The offering could value Solidigm at up to $100 billion, sources said.

According to Jin10, on October 7, the U.S. Department of Homeland Security unveiled a proposed rule imposing fees on international students using the Optional Practical Training program to work in the United States. Schools must pay $70,000 for each student's initial application and an additional $30,000 for renewal requests. The OPT program allows international visa holders to work on assignments directly related to their field of study and serves as a key transition pathway to employment-based

According to @tokenterminal, $4.7 million in Coinbase tokenized stocks were deposited into Aave V4 over the past week, surging approximately 100% in the period. Meta and Nvidia shares constitute half of the deposits, enhancing borrowing options on the lending protocol.

According to the International Energy Agency, crude oil prices declined on Oct 7 (U.S. Eastern time) as the IEA accelerated the pace of strategic petroleum reserve releases and signaled readiness for additional releases if needed. WTI crude for November delivery closed at $88.28 per barrel, down $1.16 (1.30%) from the previous day, while Brent crude for December delivery fell $0.38 (0.38%) to $100.20 per barrel. IEA Secretary General Fatih Birol said member governments expressed support for comp

Bitcoin spot price fell 2.65% over the past 24 hours to $83,348.19, while Ethereum spot price declined 4.68% to $2,571.06. The U.S. stock market cryptocurrency index dropped 5.05% to 69.01 points. MarketVector Digital Asset 100 indices also posted losses, with the small-cap index falling 1.54%, mid-cap index down 0.32%, and the broader index declining 1.03%.

According to the September Federal Open Market Committee (FOMC) minutes released on September 7, most participants support the possibility of another increase in the federal funds rate target range by year-end. The central bank raised the target range to 3.75-4.00% in September—the first increase since July 2023. The FOMC's September dot plot showed 12 of 18 officials projecting one additional rate increase this year, while 4 projected two increases. Participants also emphasized they maintain an

According to Iranian Foreign Ministry spokesperson Baghaei on Wednesday, Iran will respond to U.S. proposals through intermediaries. Baghaei stated that Tehran has clearly outlined conditions for ending warfare across the region and restoring security in the Persian Gulf and Strait of Hormuz. Iran and Oman have reached an agreement on establishing a safe passage corridor through the Strait of Hormuz and on the procedures for notifying relevant international organizations about the corridor, Bagh

Nate Geraci recently discussed ANDRA, a new ETF tokenization platform built on the Canton Network. The platform aims to provide ETF issuers with infrastructure for enhanced efficiency and security through blockchain technology. Geraci highlighted the current interest from issuers in tokenization and emphasized the SEC's innovation exemption as a critical factor enabling this development. The global tokenized ETF market, currently valued at approximately $674 million, represents a nascent segment

According to Korean Exchange data, South Korean retail investors switched to net buying 105.2 billion won worth of shares in October as of October 7, marking a reversal from 14.2 trillion won in net selling during September. Overseas investors also accelerated their return to U.S. equities, with 738.5 million dollars (approximately 970 billion won) flowing into American stocks in just the first six days of October, exceeding 70% of September's entire monthly inflow of 1.01 billion dollars. The b

According to opposition lawmaker Ahn Sang-hoon on October 8, South Korean securities companies implemented internal restrictions on single-stock leverage exchange-traded funds before and after their May 27 listing, citing risk concerns. Samsung Securities issued an internal directive on May 27 prohibiting recommendation of the products and imposing KPI penalties for employees who violated the ban. Samsung Asset Management suspended mandatory education events on May 21 and halted related advertis

According to the Korea Exchange, individual investors in South Korea shifted to net buying on October 7, purchasing 105.2 billion won worth of KOSPI stocks this month—a marked reversal from September's 14.197 trillion won selloff. The buying spree focused on semiconductor stocks, with investors also turning attention to underperformers in the sector. Overseas Korean investors accelerated their return to U.S. markets, with 723.85 million dollars in net inflows recorded through October 6, surpassi

According to data presented by ruling party lawmaker Ahn Sang-hoon on October 8, South Korean securities firms and asset managers took internal protective measures ahead of launching single-stock leveraged ETFs on May 27, 2026. Samsung Securities issued a directive prohibiting private bankers from recommending the product, with penalties for violations. Samsung Asset Management cancelled customer education events on May 21, and both Korea Investment Securities and Mirae Asset Securities halted r

According to Newsis, Samsung Electronics will release its third-quarter interim results on October 8, with Goldman Sachs forecasting operating profit of 106 trillion KRW, down 5% from its prior estimate of 112 trillion KRW. The forecast accounts for recent foreign selling and weakness in the Korean won. Despite near-term volatility concerns linked to semiconductor ETF rebalancing and option expiration, domestic brokerages including Meritz Securities and KB Securities maintain strong buy ratings,

According to Korea Securities Depository data, equity-linked securities (ELS) issuance in South Korea surged to 7.6 trillion Korean won in the third quarter of 2026, up 32.6% compared to the same period last year. The increase reflects investor interest as the stock market consolidates after a sharp rally earlier in the year. Recent ELS products increasingly use semiconductor stocks, particularly Samsung Electronics and SK Hynix, as underlying assets. Analysts warn that while ELS products offer

According to Kiwoom Securities, on October 8, the brokerage raised DreamTek's price target from 7,000 KRW to 12,000 KRW and maintained a 'buy' rating. Analyst Oh Hyun-jin cited the company's expanding memory module business as the driver for the upgrade. Kiwoom forecasts DreamTek's annual memory module production capacity will expand from the current 200 billion KRW to over 400 billion KRW by 2027, supported by additional production facility investments planned for the first quarter of 2027 and

According to Saudi civil aviation authorities, on October 8, Houthi-launched missiles struck Saudi airports, resulting in 3 deaths and 36 injuries. The Yemen-based group claimed responsibility for attacks on King Khalid International Airport and other targets. In response, the Saudi-led coalition conducted retaliatory strikes on 82 Houthi military targets, including 11 ballistic missile sites in Saada. A Houthi spokesman reported 156 Saudi airstrikes and missile attacks in the preceding 24 hours

According to the Financial Supervisory Commission, South Korea's 10 major financial holding companies reported consolidated net profit of 17.6 trillion won in the first half of 2026, up 13.7% from 15.4 trillion won in the same period last year. By sector, financial investment profit surged 72.8% to drive growth, while banking profit declined 7.9%. Securities brokerage, forex, and fee-related income expanded significantly amid favorable stock market conditions and heightened currency and interest

U.S. Secretary of State Marco Rubio warned in Athens recently that the West faces decline due to military weakening and sovereignty ceded to global institutions. Rubio outlined America's commitment to national power, including reclaiming supply chain control, pursuing economic reindustrialization, rebuilding defense capabilities, and competing for technological dominance in emerging fields.

On Wednesday (October 7), U.S. stock index futures closed lower in New York's final session. S&P 500 futures fell 0.27%, Dow futures dropped 0.71%, and Nasdaq-100 futures declined 0.21%. Russell 2000 futures saw a larger decline of 1.25%.