Gate Crypto Flash News and Market Updates

According to KB Securities, today the firm raised its price target for TCK to 360,000 won from 300,000 won, up 20%, citing strong demand from Meta's agentic AI service Muze. Analyst Lee Chang-min expects TCK, a supplier of semiconductor etching components, to benefit from increased token consumption driven by autonomous AI applications. KB Securities also lifted its Q3 operating profit estimate for TCK to 32.8 billion won, up 47% year-over-year, and Q4 estimate to 36.7 billion won, up 98%, citin

According to Yonhap Infomax, South Korean President Lee Jae-myung announced on September 29 that the government will allocate surplus tax revenue to three key social policies: housing stability with 1.19 million unit supply, national job programs, and inclusive finance expansion. Lee stated that 2026 tax revenue is expected to significantly exceed initial forecasts, and this surplus will be directed toward alleviating wealth inequality and stabilizing household finances. The announcement came as

According to bond market analysts, the U.S. Federal Reserve raised its benchmark rate to 3.75–4.00% today (September 29), with futures markets pricing in a 70.3% probability of an additional increase in October and a 58.3% probability of two more hikes by year-end. South Korea's 10-year government bond yield jumped to 5.2380% overnight, while the 3-year yield broke through 4.1%, reflecting expectations of further Fed tightening. Experts warn that if the Fed continues raising rates, South Korea's

According to Bloomberg, on September 29, Samsung Group invested $1 billion in U.S. AI infrastructure company Helix Digital Infrastructure, with multiple Samsung subsidiaries including Samsung Electronics, Samsung SDS, and Samsung SDI participating in the round.

According to Coinglass data cited by ChainCatcher, crypto markets saw $534 million in liquidations over the past 24 hours, with long positions accounting for $431 million and short positions $103 million. Bitcoin long liquidations reached $92.27 million, while Ethereum long liquidations totaled $54.13 million. A total of 132,721 traders were liquidated, with the largest single liquidation worth $11.82 million on Binance ETHUSDT pair.

According to Jin10, as of 09:30 Beijing time on Sept 29, WTI crude oil futures rose 1.14%, and U.S. natural gas futures gained 0.97%.

According to Jin10 Futures, as of 09:30 Beijing time on September 29, NYMEX gold futures fell 0.15%, silver futures dropped 1.00%, and copper futures declined 0.23%.

According to Yonhap News, Kakao Group announced a digital asset business roadmap on September 28, revealing plans to establish won-denominated stablecoin as a daily financial infrastructure. The company has already secured issuance and distribution technology and is now in the user case validation phase. Kakao proposed forming an open-ended roundtable collaboration framework involving banks, securities firms, fintech platforms, and e-commerce companies to co-design the digital asset ecosystem, m

According to Korea's Financial Supervisory Service, Hyungji I&C, Hyungji Global, and Hyungji Elite—all listed subsidiaries of fashion group Hyungji—faced management stock status in August-September after their stock prices and market capitalizations fell below listing maintenance standards. As of September 28, Hyungji I&C traded at 445 won, Hyungji Global at 264 won, and Hyungji Elite at 296 won; all three companies must maintain stock prices above 1,000 won to avoid delisting procedures. The gr

According to Korean Investment Securities announcement on September 29, the company launches the second phase of the National Participation Growth Fund on September 30, with a 600 billion Korean won fund size. Investors can receive income tax deductions of up to 40% on amounts up to 30 million Korean won, 20% on investments between 30 million and 50 million Korean won, and 10% on amounts between 50 million and 70 million Korean won. The fund is a policy investment vehicle designed for individual

According to Odaily and GMGN data, STOCKER, an ETH ecosystem token, surged over 590% within the day on September 29, hitting a market cap of $6 million before retreating to $5 million. The token is positioned as an Ethereum-based Meme/Stocks Launchpad built on Ondo tokenized stocks, enabling users to create tokens and pair them with real stock tokens on-chain.

According to Korea Securities Depository, Korean retail investors' net purchases of U.S. stocks fell to $620 million in September, down from $1.96 billion in August and $4.64 billion in July. Meanwhile, local overseas investment fund balances increased by 6.1 trillion Korean won in early September, equivalent to approximately $450 million in currency exchange demand. The slowdown reflects declining dollar conversion needs for overseas investments, though potential remains for rapid exchange dema

According to Xinhua Tech, Faraday Future announced on September 29 that its robotics business will merge into Nasdaq-listed AIxC (to be renamed FFR) as an independent public company with a $200 million valuation. FF founder and Global CEO Jia Yueting stated the robotics operation will be restructured as a Robotaxi network and intelligent cabin technology operator alongside physical AI investments.

According to ChainCatcher and Hong Kong Securities and Futures Commission statements, DFX Labs Company Limited, a licensed virtual asset trading platform, reported four fraudulent websites including "dfx.cn" and "dfxcn.com." The SFC has added these domains to its list of suspicious virtual asset trading platforms.

According to Business Insider, Torsten Slok, chief economist at Apollo Global Management, warned on September 28 that AI agents automatically optimizing personal cash yields could trigger large-scale deposit outflows from traditional banks. Slok noted that if customers direct AI agents to maximize returns on cash holdings, the algorithms would likely shift funds from banks offering average yields of 0.1% on checking accounts and 0.4% on savings accounts to fintech platforms offering yields as hi

According to the People's Bank of China, the central bank conducted 90.5 billion yuan in 7-day reverse repurchase operations today (September 29) with a bid-to-cover ratio of 1x and an operation rate of 1.40%. The PBOC also conducted 698.5 billion yuan in overnight reverse repo operations.

According to Song Ki-myung, executive vice president of Korea Exchange, on September 29, South Korea's stock market must establish 24-hour trading infrastructure to compete with global financial hubs and address time zone disadvantages. Speaking at Korea Premium Week, Song emphasized that as London and New York exchanges prepare to extend trading hours starting as early as December, Korean investors currently face challenges responding in real time to external market volatility during those peri

According to its official announcement on September 28, Chainlink launched CCIP 2.0 (Cross-Chain Interoperability Protocol 2.0) to enhance institutional digital asset connectivity across blockchains. The new version introduces Cross-Chain Verifier (CCV) functionality, allowing financial institutions to directly verify and electronically sign cross-chain transactions independently, adding an additional validation layer beyond Chainlink's standard verification process. Google Cloud and AWS provide

According to Jinlian Creative, on Sept 29, China's domestic gasoline and diesel prices are projected to decline by 180 yuan per ton based on a -2.40% change rate in the second working day of the current cycle. The reference crude oil price stands at $99.30 per barrel, with the next pricing adjustment window closing on Oct 15 at 24:00.

According to Korea Exchange, KOSPI declined 0.14% to 6,879.85 by 9:30 a.m. on September 29, as foreign investors sold 540 billion won net while individuals and institutions bought. The index opened 45.33 points lower at 6,844.41 and fell to an intraday low of 6,834.82 before recovering. Despite semiconductor leaders rebounding, with Samsung Electronics up 0.93% at 272,500 won and SK Hynix rising 0.51% to 1,777,000 won, market breadth remained weak—686 declining stocks vastly outnumbered 170 adva