Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
Today
07:02
0

Animoca Suspends Nasdaq Reverse Merger with Currenc Group on Tuesday

According to Animoca's official announcement, on Tuesday, Animoca Brands and Currenc Group suspended their planned Nasdaq reverse merger, citing market conditions and projected closing timelines. Both parties mutually agreed to pause discussions after reviewing the transaction structure, under which Currenc would have acquired Animoca with Animoca shareholders owning 95% of the combined public company. The companies may resume talks if conditions permit. Executive Chairman Yat Siu stated the com
More
07:01
0

Crypto Contracts to Surpass Sports in Robinhood Prediction Market Within Coming Years, Q2 Revenue Hits $156M

According to Robinhood CEO Vlad Tenev, as reported by Decrypt, crypto-related contracts are poised to surpass sports contracts in Robinhood's prediction market business within the coming years. The company disclosed that event contract revenue reached $156 million in Q2 2026, up more than 10-fold year-over-year, with trading volume of 13.6 billion contracts. Tenev indicated that sports contracts previously served to attract users and establish liquidity, while the prediction market is now expand
More
07:01
0

DeepSeek Appoints Former Hillhouse Capital Partner Yan Wentao as CFO, Filling 3-Year Vacancy

According to Odaily, former Hillhouse Capital Investment (Gaotu VC) partner Yan Wentao officially joined DeepSeek as Chief Financial Officer this Monday. The 90s-born executive's appointment ends a three-year vacancy in the CFO position since the AI company's founding. Yan's move comes as DeepSeek continues to expand its leadership team ahead of potential corporate milestones.
06:52
0

SoftBank's 5-Year CDS Rises to 367.27 Amid $11 Billion Junk Bond Issuance

According to Yonhapinfomax, SoftBank's 5-year credit default swap rose by 0.62 basis points to 367.27 on September 21, as the company issued $11 billion in junk bonds to fund its OpenAI investment. The CDS level remains near this year's high of 378.46, reached on September 15. SoftBank started 2026 at a CDS level of 218 and has remained elevated since March.
06:50
0

LG Electronics' 2.5MW Cooling Unit Receives Nvidia DSX Ready Certification; Stock Rises 6.91% on Sept 22

According to Yonhapnews, LG Electronics' 2.5MW liquid cooling distribution unit (CDU) received Nvidia DSX Ready certification on September 22, driving the company's shares up 6.91% to 216,500 Korean won. The CDU is designed to manage heat in AI data centers by cooling multiple server racks simultaneously. LG also signed a strategic partnership with Microsoft on September 21, positioning the companies to collaborate on AI data center infrastructure. Under the agreement, LG will supply cooling, po
More
06:50
0

BNY Mellon Forecasts December Fed Rate Hike, Caution on 2027 Path

According to John Velis, BNY Mellon's Americas macroeconomic strategist, the Federal Reserve is expected to raise rates one more time in December. However, Velis expressed uncertainty about whether the Fed can deliver as many rate hikes in 2027 as currently priced by markets. The effectiveness of policy tightening under current inflation pressures remains unclear, with geopolitical developments—particularly tensions in the Middle East—playing a key role. A de-escalation and subsequent decline in
More
06:50
0

Kiwoom Group Second-Generation Succession Nears Completion, Management Handover Expected After March 2027

Kiwoom Group's second-generation succession reached its final stages as of the first half of 2026, with equity transfer largely complete and operational handover anticipated after March 2027. Kim Dong-joon, eldest son of former chairman Kim Ik-rae and current CEO of Kiwoom Private Equity, has secured group control through shareholding, with the chairman's three children collectively holding 45.18% of E-money, the family holding company at the top of the control hierarchy. Kim Dong-joon assumed c
More
06:48
0

StablecoinX (USDE) Hits Record High of $12.60, Up 23.65% on Sept. 22

According to ChainCatcher, StablecoinX Inc. (USDE) closed at $12.60 on Sept. 22, up $2.41 or 23.65% from the previous close of $10.19, reaching a record high. Market cap reached approximately $303 million with trading volume of 10.53 million shares. StablecoinX Inc. is a stablecoin infrastructure company focused on the Ethena digital dollar ecosystem, providing infrastructure services, stablecoin middleware software, and distribution services.
USDE-0.10%
ENA-3.23%
06:47
0

Hungarian Oil and Gas Company Completes Danube Refinery AV3 Unit Repairs

According to Hungarian oil and gas company MOL Plc, the Danube refinery's AV3 unit has completed construction and repair work following fire damage sustained last fall. The unit was damaged during a fire incident in autumn 2025 and has now been fully restored to operational status.
06:46
0

South Korean Oil and Nuclear ETFs Surge 10-15% in Month as Geopolitical Tensions, Policy Support Drive Energy Rally

According to Korean Stock Exchange data, South Korean crude oil and nuclear power-related ETFs recorded double-digit gains over the past month (Aug 21-Sep 21) as energy markets rallied. KODEX WTI Crude Oil Futures (H) rose 15.11% and TIGER Enhanced Crude Oil Futures (H) gained 14.85%, driven by Middle East geopolitical risks and supply disruptions in the Strait of Hormuz. Nuclear power ETFs also surged, with TIGER Korea Nuclear climbing 13.08%, ACE Nuclear TOP10 up 11.59%, and SOL Korea Nuclear
More
06:45
0

SFA Semiconductor Surges 49.86% in a Week as AI Momentum Revives, Outpacing Samsung and SK Hynix

According to Korea Stock Exchange data, SFA Semiconductor jumped 49.86% over the week as of September 21, significantly outpacing Samsung Electronics' 5.59% and SK Hynix's 3.09% gains. Hana Micron climbed 30.23%, driven by renewed artificial intelligence momentum. The rally was fueled by Intel's forecast of tighter semiconductor memory supply next year and Nvidia CEO Jensen Huang's projection that Nvidia chip sales will double in 2027. Foreign investors led buying, with Hana Micron net purchases
More
06:45
0

South Korea's New Deputy PM Lee Hyung-il Holds First Economic Meeting on September 22

According to Yonhap Infomax, South Korea's newly appointed Deputy Prime Minister and Finance Minister Lee Hyung-il held his first executive meeting on September 22, directing officials to reassess risks across financial, foreign exchange, and real estate markets. Lee emphasized price stability as the foundation of household financial security and pledged active efforts to narrow wealth inequality as the economy's core task. He also instructed officials to strengthen macroeconomic analysis and en
More