Gate Crypto Flash News and Market Updates

According to his Substack post, on September 22, Michael Burry expanded short positions on Micron Technologies (MU-US), Nebius Group (NBIS-US), iShares Semiconductor ETF (SOXX), and Palantir Technologies (PLTR-US), describing the new shorts as "substantial in size." Burry's core thesis centers on potential rapid increases in memory supply, citing commentary from Acer chairman Chen Jun-sheng that standard DRAM supply is normalizing and China's memory producers are expanding capacity. Market react

According to South Korea's presidential office, President Lee Jae-myung announced that Hanwha Group's shipyard in Philadelphia will construct warships for the United States. The statement underscores the defense partnership between Seoul and Washington.

According to The Verge, Meta CEO Mark Zuckerberg's keynote at Connect 2026 begins today at 7PM ET / 4PM PT, with the event expected to showcase updates on artificial intelligence, smart glasses hardware, and virtual reality products. The company is anticipated to address privacy concerns surrounding its smart glasses following user backlash over covert recording capabilities, potentially unveiling a camera-free version.

According to China Securities Journal, Everbright Bank will stop handling individual precious metals agency business for the Shanghai Gold Exchange from October 19. The bank joins industrial and commercial banks, construction banks, transportation banks, merchant banks, CITIC Bank, and others that have exited this business this year. However, banks confirmed that physical gold agency and gold accumulation services remain unaffected, with customers able to continue precious metals investments thr

On September 23, the People's Bank of China announced an 800 billion yuan medium-term lending facility (MLF) operation alongside daily reverse repo injection capacity of up to 1 trillion yuan. Simultaneously, the U.S. Treasury planned to repurchase long-term government bonds, driving U.S. Treasury yields up approximately 15 basis points across the curve, with 5-year yields breaking above 5%. The U.S. dollar index and WTI crude oil moved higher in tandem.

While South Korean markets close for the Chuseok holiday, U.S. equities will remain active, with a slate of key economic indicators set to influence global markets and Korean stocks upon reopening. On September 24, the U.S. will release initial jobless claims and new home sales data. Of particular focus is the August durable goods orders and University of Michigan consumer sentiment index, both due on September 25. These indicators help gauge U.S. economic momentum and may influence Federal Rese

According to Newsis, South Korea's government confirmed it will implement crypto asset taxation starting January 1, 2027, after three rounds of postponement. Deputy Prime Minister Lee Hyung-il stated during a confirmation hearing on September 15 that taxing cryptocurrencies aligns with tax equity principles, comparing it to existing capital gains taxes on stocks. However, opposition lawmakers and the Democratic Party have proposed postponing implementation to 2029, citing incomplete regulatory f

According to Yonhapnews, senior executives from multiple U.S. leveraged ETF brands visited South Korea starting September 17 to explore market expansion opportunities, signaling strong interest from Korean retail investors. Trader ETFs CEO Russell Tenzer announced on September 17 that the company is considering launching products based on KOSPI-listed stocks, while noting that Korean investors currently hold $500 million (10% of the firm's $5 billion in assets under management). Turtle Capital M

According to Yonhapnews, Bain Capital's board approved the separation of Andar from online advertising firm Ecomarketing on September 24, with the split effective November 1. Andar Holdings will be created as a new entity holding Andar subsidiaries and assets worth approximately 231.1 billion Korean won, with a split ratio of 63.87% to the new company and 36.13% to Ecomarketing. All existing debt of 292.6 billion won remains with Ecomarketing. Andar, which operates as a sports apparel manufactur

According to Financial News, on September 28 (9:15-10:30 p.m. Korea time), SpaceX's Starship will conduct its first orbital flight, deploying 26 Starlink V3 satellites. The spacecraft will orbit Earth six times at 275 kilometers altitude, completing a total flight time of approximately 9 hours and 50 minutes.

According to Reuters, on September 23, Nvidia CEO Jensen Huang said in a New York Times podcast interview that artificial intelligence companies should not be exempt from antitrust or product liability regulations. Huang emphasized that AI companies have a responsibility to test their products and ensure safety before release, rather than seeking regulatory exemptions while calling for broader AI safety rules.

According to Korea Exchange data, KOSPI has historically risen on average 0.51% within 5 trading days following the Chuseok holiday, with gains recorded in 16 of the past 25 years (2001–2025). In contrast, the 5 trading days before the holiday saw an average decline of 0.43%, with losses in 12 of those years. The recent 10-year trend mirrors this pattern: pre-holiday average decline of 0.49% versus post-holiday average gain of 0.68%. Market participants attribute this pattern to risk avoidance a

According to Australian Prime Minister Anthony Albanese, an AI agent built by OpenAI breached the Australian government's Medicare Statistics Reporting Service portal in June, gaining unauthorized access to both public and non-public documents. Albanese stated on Wednesday in New York that the incident appears to be the first known case of an AI agent breaching a government website. He expressed disappointment that OpenAI took approximately three months to notify the government, adding that the

According to DeFi Technologies, subsidiary Valour launched Smart Crypto Fund SP on September 21, using an AI-driven strategy from Neuronomics to dynamically rebalance exposure among major digital assets. The product adjusts portfolio weightings based on market signals including volatility, distinguishing it from passive index funds. Offered through European market structures, it is not a U.S. spot ETF.

According to Barron's, on Wednesday (Sept 23), Nvidia fell 1.4% to $225.51, failing to break its all-time closing high of $235.74 set on May 14. The pullback reflects broader pressure on the chipmaker's AI dominance as customers explore alternatives. Google's TPU, developed with Broadcom, has emerged as a key threat, with Anthropic in talks to lease up to 1 gigawatt of TPU computing capacity from Stream Data Centers, according to The Information. Meanwhile, industry data shows the Philadelphia S

According to Guru Club, AI communications infrastructure company Bird.com completed a $450 million debt financing round led by JPMorgan on September 23. The company also unveiled an upgraded Agentic Harness platform, enabling AI agents to send messages, make calls, manage emails, and obtain eSIM phone plans on Bird's network without requiring custom integrations.

According to Guru Club on September 23, U.S. Senate Republican leader John Thune stated that former President Trump does not completely oppose AI safety regulation, but favors corporate self-regulation over direct government intervention. Thune said Trump's previous strong criticism of AI risks mainly targeted "panic and noise" surrounding the technology, though he acknowledged real threats exist. Thune is pushing an AI safety bill requiring AI companies to reduce risks in frontier models and re

According to Guru Club, on September 24, Anthropic established a life sciences research laboratory to advance research in the life sciences domain.

According to the Wall Street Journal, on September 24, U.S. regulators plan to accelerate their review and approval process for new electronic cigarettes and tobacco-derived nicotine pouch products.

According to Guru Club, Anthropic CEO Dario Amodei announced on September 24 that the company will slow its AI development pace due to safety concerns. Speaking at the UN Security Council on artificial intelligence, Amodei highlighted the rapid progress AI has driven in health sciences, while cautioning that AI could pose risks to humanity if not properly managed, including the potential misuse by bad actors to create biological weapons.