Gate Crypto Flash News and Market Updates

According to Financial News, on October 8, LG Energy Solution reported consolidated operating profit of 756 billion won for the third and fourth quarter, up 25.7% year-over-year and 567.3% quarter-over-quarter. Revenue reached 9.64 trillion won, marking a quarterly record and representing a 59% year-over-year increase and 27.6% quarter-over-quarter growth. The stock surged 6.27% to 415,500 won in early trading on the Korea Exchange, driven by strong battery demand in North America and Europe.

According to the Korean Economic Association, on October 8, a survey of 28 economists found that 64% prioritize reducing national debt over alternative spending if tax revenues exceed projections. The survey, conducted from September 7-28, showed zero economists supported directing additional funds toward welfare and social safety net spending, including youth savings accounts and childbirth support programs that the government plans to allocate 45.4 trillion won toward. When asked about risks o

According to NH Investment & Securities, NC Software's stock fell 7.58% to 219,500 Korean won on October 8, as the global launch of Aion 2 disappointed market expectations. The company reported peak concurrent players of 398,000 on launch day (October 5) and 200,000 as of October 7 at 3 p.m., which analysts deemed insufficient compared to earlier expectations. NH Investment & Securities downgraded its price target from 380,000 to 320,000 won, citing strong traffic but performance falling short o

According to Seoul market data, KOSPI plunged 0.82% to 6,748.01 in early trading on Oct 8 as foreigners and institutions conducted net selling worth 642.2 billion won and 302.7 billion won, respectively. KOSDAQ, meanwhile, initially fell 1.6% but reversed to gain 0.32% to 898.91 by 9:49 a.m., with foreigners and institutions net selling 115.2 billion won and 29.4 billion won.

According to Jin10 Futures, as of 08:45 on October 8, China's CFETS-NEX yuan liquidity sentiment index reported 50, up 2 points from 16:00 the previous day. Among institutional segments, large banks reported 47, mid-sized and small banks reported 50, and non-bank institutions reported 52, each rising 2 points.

According to the Roundtable 100, analysts this week ranked Shopify Inc. (Nasdaq: SHOP) 31 places above Apple Inc. (Nasdaq: AAPL) in their weekly power ranking of 100 publicly traded technology growth assets. Shopify scored 59 out of 100 and ranks at No. 55, while Apple scored only 49 points and ranks at No. 86. Shopify rose one place higher this week, while Apple slipped three places. The analysts score each asset on team, safety, value, innovation, and market dominance, with the average forming

Chainlink co-founder Sergey Nazarov recently participated in BlackRock's Aladdin Client Forum, discussing the role of blockchain and stablecoins in enabling AI-powered transactions. Nazarov emphasized that for agentic transactions to function effectively, they require trusted data, guardrails, and verifiable execution. The forum brought together industry leaders from BlackRock and Coinbase, highlighting growing institutional recognition of blockchain's potential in finance.

According to GrowthResearch on October 8, Neocreema announced clinical validation of its functional peptide DNF-10 for weight management, demonstrating 2.6kg fat loss and appetite control effects. The ingredient is positioned as an alternative for patients discontinuing GLP-1 therapy due to cost concerns. The company's functional peptide revenue surged nearly threefold to 94 billion KRW in 2025, driving a turnaround to 5.4 billion KRW operating profit. GrowthResearch projects 2026 revenue of 92.

According to News1, on October 8, LG Energy Solution reported third-quarter operating profit of 756 billion Korean won, up 25.7% year-over-year, with revenue reaching 9.6434 trillion won, a 59% increase and the highest quarterly figure to date. The stock rose 4.09% to 407,000 won in morning trading.

As of October 7, South Korea's three foreign casino operators—Paradise, Lotte Tour Development, and GKL—hit year-to-date lows, declining 28.91%, 20.95%, and 16.67% respectively in the second half of 2026. Paradise closed at 9,810 Korean won, Lotte Tour at 11,280 won, and GKL at 8,600 won. The sharp decline follows the government's announcement in July of increased tourism development fund levy rates and a spike in policy uncertainty since February 2026.

According to News1, on October 8, USD/KRW traded at 1,338 won, down 2.4 won from the previous close, as South Korean semiconductor exporters increased dollar selling amid global currency movements. The Dollar Index rose 0.42% to 102.28 overnight, driven by concerns over French fiscal stability and U.S. inflation expectations reaching 3.90%, the highest level in three years and four months. Min Kyung-won, an economist at Woori Bank, said the won is expected to trade around 1,340 won, with the upp

According to TradingBeats monitoring, Multicoin transferred 67,500 HYPE to Coinbase Prime on October 8. Over the past four weeks, Multicoin has moved more than 760,000 HYPE (valued at approximately $62.99 million) to Coinbase Prime.

According to KKR's Global Macro and Asset Allocation head Henry McVey in an October 8 investment report, South Korean corporate reform has emerged as a significant investment opportunity, complemented by AI-driven semiconductor growth. McVey noted that South Korea warrants greater attention for its evolving corporate governance restructuring, with many companies trading below book value—a higher proportion of PBR below 1x compared to Japan's TOPIX index. KKR expects technology sectors to account

According to News 1, South Korea's KOSPI index fell 0.74% to 6,753.46 on the morning of October 8, with foreign investors selling 284.3 billion won worth of shares. Samsung Electronics reported third-quarter operating profit of 10.74 trillion won, up 782.5% year-over-year and exceeding market consensus of 10.6 trillion won, but the stock declined 0.56% at market open. Analysts attribute the weakness to investor focus shifting from near-term earnings to long-term profitability prospects, despite

Gwangju Bank announced today (October 8) that it successfully completed a proof-of-concept (PoC) for stablecoin-based QR payments with Toss. The two companies integrated Gwangju Bank's mobile app, Toss's app, and Toss's payment terminals to enable the full payment flow: customers select stablecoin payment in Gwangju Bank's app, scan a merchant QR code through Toss, confirm the amount, and complete the transaction with stablecoins transferred from the customer's wallet to the merchant's wallet. B

According to ChainCatcher, citing anonymous sources, Cointelegraph is seeking a sale following a steep decline in organic traffic. In October 2025, Google issued a manual penalty against the cryptocurrency news site, causing its organic search traffic to plunge approximately 80% and disappearing from Google search results. Similarweb data shows the website's monthly visits dropped from over 12 million in December 2024 to just above 700,000 as of September 1, 2026. The company, founded in 2013, h

According to Financial News, Samsung Asset Management announced on October 8 that it will host an ETF investment webinar on October 12 at 6 p.m. via YouTube Live, with the theme "2027 Market Outlook and ETF Investment Strategy." The webinar, part of Korea Premium Week, will feature presentations from Oh Seung-hun, head of Samsung Asset Management's research center, on domestic and international stock market prospects, and Ahn Jeong-jin, the firm's ETF consulting team lead, on ETF investment stra

According to Jin10, major global stock indices closed lower on October 7. European markets led declines, with Italy's FTSE MIB index falling 2.44% to close at 50,011.50, while Spain's IBEX 35 dropped 1.63% and Germany's DAX 30 fell 1.26%. In Asia, Hong Kong's Hang Seng Index declined 0.62% to 24,130.5 points, and the Hang Seng Tech Index lost 0.68%. U.S. markets also closed lower, with the Dow Jones down 0.66%, while the S&P 500 and Nasdaq Composite each fell 0.22%.

According to CrowdStrike, a 26-year-old based in Maoming, Guangdong province in China is suspected of orchestrating cyberattacks against South Korean financial institutions from late September to early October. The U.S. cybersecurity firm, in a report published on October 7, said the attacker used ARTEX, a Chinese-developed open-source penetration-testing tool, alongside large language models. CrowdStrike assessed with "moderate confidence" that the actor was a Chinese speaker and financially mo

According to a recent report by Kaiko and Upbit, the South Korean won (KRW) accounts for approximately 25% of global fiat-denominated cryptocurrency trading volume, second only to the U.S. dollar at around 48.70%. In South Korea's market, KRW trading pairs dominate trading activity, with stablecoins such as USDT and USDC serving primarily as assets paired with KRW rather than as settlement conduits. The country's exchanges integrate deeply with banking systems through real-name accounts and KYC