Gate Crypto Flash News and Market Updates

According to Yonhap Infomax, on September 10, Bank of Korea Deputy Governor Park Jong-woo said financial stability risks should not be interpreted as necessarily accelerating an October interest rate hike. Speaking at a monetary policy briefing, Park stated that financial stability requires a longer-term perspective and cannot be addressed by interest rate policy alone. He added that the central bank will make its October decision based on comprehensive data including inflation trends and econom

According to Park Jong-woo, Deputy Governor of South Korea's Bank of Korea, the dollar-won exchange rate's recent sharp decline of nearly 200 won could negatively impact corporate profits, as stated today (September 10) during a monetary policy report briefing. However, Park noted that strong nominal income and earnings growth this year remain substantial enough to offset these concerns. He highlighted that nominal income growth is at historically elevated levels not seen since South Korea's hig

According to RBI Deputy Governor Rohit Jain, on September 10, India's central bank flagged that banks' heavy dependence on a limited number of cloud service providers and technology suppliers poses a potential financial stability risk. These vendors typically use overlapping data sets and similar infrastructure, creating systemic vulnerability where a single provider failure could trigger disruptions across multiple institutions simultaneously.

According to BlockBeats, on September 10, crypto KOL Qwerty urged Binance's management team to slow down its token listing speed, citing that approximately 75% of new alpha projects on the exchange eventually enter derivatives or spot markets, eroding the prestige and credibility of Binance listings. Qwerty, a top KOL on the fomo platform and the second-largest individual holder of Binance's recent spot listing "Niulai" (Niu Lai), called for the exchange to prioritize project authenticity and co

According to TASS, Russia's Federal Security Service (FSB) alleged that Ukraine planned to falsely accuse Russia of carrying out an attack on the British Embassy in Moscow, with the aim of dragging Britain into direct armed conflict with Russia.

According to Woo Do-hyung, a researcher at Yuanta Securities, digital asset taxation set to take effect on January 1, 2027 is expected to redirect capital flows to the stock market. The tax rate is set at 20% (22% including local taxes) with a deduction limit of 2.5 million won. If implemented as planned without further delays, the taxation could trigger a shift of investment capital from digital assets to equities and boost retail investor trading activity.

According to DSRV, the blockchain infrastructure company added Canton Network's utility token CC to its custody services for institutional and corporate clients on September 10. Canton is a privacy-focused blockchain designed for financial institutions, enabling selective transaction disclosure to relevant parties while maintaining confidentiality. DSRV expanded custody support in response to growing institutional adoption of tokenized assets and real-world asset (RWA) markets.

According to Tether, on September 9, Tether and global asset manager Fasanara Capital jointly launched StableFund (Tether-Fasanara Lending Fund), a private credit fund co-investing $400 million as initial capital. The fund targets raising an additional $3 billion from institutional investors. Structured as an evergreen fund with no fixed maturity, the capital will be deployed for real-economy lending to SMEs and consumers across 60 countries via fintech platforms. Fasanara serves as investment m

According to U.S. Bank on September 9, the bank launched its dollar-backed stablecoin USBDC and completed a cross-border settlement pilot on the Stellar blockchain. The trial involved transferring funds between U.S. Bank entities across North America and Europe, integrating the bank's existing financial risk management, compliance, and operational systems with blockchain infrastructure. U.S. Bank said USBDC is among the first bank-issued stablecoins deployed on a public blockchain and tested min

Strategy signed an MOU with Naver Cloud today (September 10) to integrate the former's enterprise artificial intelligence and business intelligence platform with the latter's cloud infrastructure and AI technology, the companies announced. The partnership aims to support domestic enterprises' cloud migration and expand AI adoption based on trustworthy data. The combined solution will target industries requiring high-level security and regulatory compliance, such as financial services and public

According to Grok's official announcement on September 9, the AI service added a Coinbase connector enabling users to manage portfolios and execute cryptocurrency trades directly through chat. Users can connect their Coinbase accounts and ask Grok to check balances, analyze market data, and place or cancel orders for any available asset without leaving the chat interface. The integration expands AI chatbot capabilities beyond market analysis into direct account management and trade execution.

According to Yonhap News, on September 9, an Iranian naval vessel was found partially submerged near Bandar Abbas with only its bridge visible above water. The ship is believed to have sunk following a major U.S. Central Command military strike against Iranian military targets on September 1. In a related incident, the Panama-flagged tanker New Andros was struck by a drone attack in Iraqi waters on the same day, sustaining significant damage to its hull.

According to KOSCOM ETF Check, as of September 9, biotech exchange-traded funds in South Korea recorded significant losses in recent weeks. UNICORN K-Biotech Active fell 21.18% over the past month, ranking as the worst-performing ETF among all domestic funds. TIGER Kosdaq 150 Biotech dropped 19.22%, while other biotech-focused ETFs including ACE K-Biotech Kosdaq Active (-18.86%) and TIGER Technology Transfer Biotech Active (-18.81%) also posted double-digit declines. Analysts attributed the unde

On September 9, Fidelity Digital Assets renewed its institutional push for the Fidelity Digital Dollar (FIDD) stablecoin, positioning the Ethereum-based token as infrastructure for institutional finance rather than a pilot project. The token, first introduced in January 2026, has 50.09 million units outstanding with a market capitalization of approximately $50.09 million. FIDD reserves are held at Bank of New York Mellon, comprising cash, short-term Treasury securities, and liquid assets. Monthl

According to Reuters on September 9, the U.S. cryptocurrency industry and banking sector are engaged in last-minute lobbying campaigns with opposing positions on the CLARITY Act, a comprehensive digital assets regulatory bill. During the Senate recess in August, both sides conducted outreach through opinion pieces, correspondence, and in-person meetings to persuade senators in their home states. The crypto industry supports the bill's passage, arguing it would reduce market uncertainty by clarif

According to Trezor, on September 9, attackers used a compromised third-party email provider to send a phishing email posing as a critical security alert. The fraudulent message, titled "Critical Security Alert: STM32 Entropy Vulnerability," falsely claimed a hardware flaw in the STM32 microcontrollers inside Trezor devices could weaken recovery phrases. Trezor took down the domain and confirmed no wallets, keys, or recovery backups were exposed. BitBox reported the same scam on the same day, st

According to the Korean Exchange, SK Hynix shares fell from a record high of 2.987 million won on June 25 to a low of 1.246 million won in late July, before recovering to around 1.857 million won as of September 10. The stock decline prompted major brokerages to slash their price targets in July; Mirae Asset Securities lowered its target from 4.2 million won to 2.8 million won, while BNK Investment Securities cut its target to 1.48 million won. More recently, Mirae Asset Securities raised its ta

According to data from the Financial Supervisory Service (FSS), Hanwha Securities has had eight CEOs since 2005, with only Kwon Hee-baek completing his full registered term of 69 months before stepping down in March 2023. The remaining seven served 16–41 months, averaging 36 months against an industry average of 50 months among 20 securities firms. Early departures were driven by group personnel rotations, poor performance, and conflicts with management. Most recently, Jang Byung-ho assumed the

According to BlockBeats, on September 10, whale address 0xc8b5 has placed exit orders totaling $34.708 million across two storage stocks over consecutive days, monitored by TradingBeats. The address, which has accumulated $11 million profit from SK Hynix, set 100 sell-only orders on Hynix (SKHX) at $1,450–$1,500 yesterday, worth approximately $14.254 million, covering its entire SKHX position. Today at 00:39 UTC, it added 100 sell-only orders on Micron (MU) at $1,050–$1,080, totaling 15,000 shar