Gate Crypto Flash News and Market Updates

According to Korea Exchange, biotech stocks retreated sharply on October 2 after rallying the previous day, with profit-taking driving losses across the sector. Peptron declined 9.12% to 129,500 KRW, GI Innovation fell 7.55% to 8,820 KRW, and AlzNomics dropped 5.06% to 28,150 KRW. The pharmaceutical sector fell more than 2% overall, the steepest decline among Korean market segments. Analyst Lee Kyung-min of Daishin Securities attributed the selloff to "profit-taking pressure following yesterday'

According to E-Daily, Sangsangin (KOSDAQ: 038540) announced on October 2 that it will repurchase 534,188 common shares for a total of 1 billion Korean won to enhance shareholder value and stabilize the stock price. The buyback will be conducted on the KOSDAQ market from October 6, 2026, through January 2, 2027, with NH Investment & Securities acting as the underwriting broker.

South Korea's major banks have launched same-day ETF trading on personal retirement accounts (IRP) and slashed fees to compete with securities firms. According to Financial Supervisory Service data, Kookmin Bank initiated the service in August, followed by Shinhan Bank on September 21. Shinhan waived fees for accounts with 100 million won or more, while Kookmin will exempt accounts with 50 million won or more starting next month. Hana and Woori banks plan similar launches by year-end. Despite na

According to i Paper, UK Prime Minister Burnham has not completely ruled out the possibility of calling an early general election in May 2027. Multiple sources close to the Prime Minister's office indicated that while Burnham publicly maintains he will not hold an early election, the possibility remains open. Insiders suggested the timing could coincide with efforts to prevent right-wing forces from reunifying, and that the final decision may depend on market and public response to this month's

According to Korea Securities Depository data, in Q3 2026 individual investors shifted funds from U.S. equities to bonds, with net purchases of U.S. stocks dropping from $4.64 billion in July to $1.01 billion in September. Over the same period, net purchases of U.S. bonds increased from $889 million to $1.36 billion, driven by U.S. 10-year Treasury yields reaching 5.3%. Domestically, investors moved funds into money market ETFs. Samsung Asset Management's KODEX Money Market Active grew to approx

According to Jin10, major foreign exchange options for the euro, British pound, Australian dollar, and Canadian dollar are set to expire at 22:00 Beijing time on October 2, with five strike prices each holding over $1 billion in notional value.

Nvidia's board authorized a $150 billion increase to its share repurchase program this week, bringing the remaining authorization to $235 billion. According to the chipmaker, this represents the largest buyback increase in its history, with the program running through fiscal 2028, which ends in January 2028. The authorization reflects continued strong cash generation from demand for Nvidia's AI accelerators.

QUICK fell 12.45% within 60 minutes, declining from $0.01245 to $0.0109, with trading volume reaching $651,192.55 over the past 24 hours. The asset recovered slightly, gaining 1.96% in the last 24 hours, though the sharp intraday drop has raised concerns about volatility among traders.

According to JPMorgan Chase, Kering shares fell 4% at European market open on October 2, as the bank downgraded its outlook for the luxury goods sector.

According to trader Killa, Bitcoin dips currently present buying opportunities, with a reasonable entry point around $82.5K. Killa, a quantitative trader focused on BTC with over 200,000 followers, noted that during the 2023 bull market, prices fell only 4–8% below established support levels before rebounding sharply. Killa previously shorted Bitcoin at $74,688 in mid-April and switched to a long position on June 5 amid broader market declines.

Spain's unemployment rate fell to 1% month-over-month in September from 1.92% in the previous month.

According to Yonhapnews, Samsung Electronics closed flat at 276,000 won on October 2, while SK Hynix rose 0.44% to 1.841 million won. Samsung opened down 0.91% but recovered losses during the session to end the day unchanged, whereas SK Hynix showed upward momentum despite briefly declining early in trading. As of October 2, Samsung has completed share repurchases totaling 14.1 trillion won and plans to continue buybacks up to 15 trillion won. SK Hynix has repurchased approximately 18.35 million

According to Korea Exchange data, South Korea's KOSPI index closed up 0.46% at 7003.74 on Oct 2 after oscillating around the 7000-point level throughout the trading session. The index briefly dipped to 6938.27 at the open before recovering near the close, buoyed by institutional and other corporate buying. Foreign investors, however, posted net selling of 136.7 billion won amid U.S. long-term Treasury yield gains, elevated oil prices, and cautious sentiment ahead of the upcoming holiday period.

According to CNBC, President Trump is seeking to remove three Federal Reserve governors—Jerome Powell, Lisa Cook, and Michael Barr—but faces significant legal obstacles following a recent inspector general report. The Fed's inspector general disclosed Wednesday that while the central bank's headquarters renovation cost exceeded budget by $1 billion due to oversight failures, no criminal basis or evidence of administrative misconduct was found. Trump, who previously attempted to remove Powell usi

According to GMGN data, Dolphin (POD) surged to $0.8327 in 4 hours, up over 150%, and was trading at $0.7967 at the time of reporting. Upbit has added support for POD trading, opening KRW, BTC, and USDT trading pairs.

According to Business Insider, on October 1, U.S. President Trump expressed a "not in my backyard" position on data center construction during a Time Magazine cover story interview. Trump stated he welcomed data centers in his county but opposed them directly next to his residence. He argued that communities rejecting data centers miss significant tax revenue and economic opportunities, adding that AI companies could provide infrastructure support, education funding, and financial assistance to

According to Jin10 citing LSEG data, the yield spread between France and Germany 10-year government bonds surged to 149.17 basis points on October 2, reaching its highest level since 2012. The move extends the sharp widening from Thursday, following France's announcement of a 2027 budget plan that includes 43 billion euros in spending cuts and cost-saving measures. Germany's Commerzbank strategists noted that the bond market developments are concerning, as the spread widening has now spread beyo

According to Reuters, on October 2, government military forces launched 20 airstrikes in Yemen's Taiz Province over the past 3 hours, targeting Houthi militant operations, personnel, vehicles, and military equipment. Authorities closed approximately 19 roads leading to the province and designated them as military operation zones, according to six military sources.

According to BTQ Technologies, on September 30, 2026, the company signed a three-year commercial agreement with Kaia DLT Foundation to deploy its Quantum Secure Stablecoin Network across the Kaia blockchain, marking the first recurring commercial deployment of the security platform. LINE NEXT's Unifi Wallet is positioned among the first consumer applications to benefit from the post-quantum protection at the account level. Under the agreement, BTQ will receive a share of transaction fees generat

According to Farside data, US spot Bitcoin ETFs recorded $148.7 million in net outflows on September 30, ending nine consecutive days of inflows totalling $3 billion. Fidelity's FBTC experienced the largest net outflows at $125.6 million, while Bitwise's BITB and BlackRock's IBIT saw $13.6 million and $9.5 million in net outflows, respectively. Despite the single-day reversal, September posted $2.65 billion in net inflows, extending the sector's positive monthly streak to three months, according