Gate Crypto Flash News and Market Updates

According to Axios on Tuesday (September 29), OpenAI's annualized recurring revenue (ARR) approached $70 billion, driven by a surge in enterprise sales that doubled since July. Oracle, OpenAI's major cloud computing partner, rose 4% to $137.79 per share following the report, as analysts note the revenue growth alleviates concerns over OpenAI's ability to sustain significant infrastructure spending commitments.

According to Zhitong Finance, on Tuesday (September 30), Hong Kong-listed stock ADR indices rose to 24,529.21 points, up 0.02%, as U.S. stocks fell. Major blue-chip stocks declined, with HSBC Holdings dropping 0.59% and Tencent Holdings falling 0.99% from their Hong Kong closing prices.

On Sep 30, Hang Seng Index October futures closed at 24,364 points, declining 85 points or 0.348%, trading at a discount of 160 points. Open interest totaled 122,798 contracts, down 1,518 contracts from the previous session, while net open interest stood at 47,916 contracts, up 1,595 contracts.

According to CNBC, TD Cowen initiated coverage of SpaceX on September 29 with a Buy rating and $200 price target. Analyst John Blackledge identified on-ground AI computing infrastructure rental as the company's key growth driver, estimating annual recurring revenue (ARR) from this segment at $41 billion by year-end 2026. SpaceX's ground power capacity is projected to expand nearly threefold from 2.1 gigawatts currently to 6 gigawatts by end-2027, with the AI rental business expected to represent

According to SK Securities analyst Choi Kwan-soon, on September 30, SK Square maintained a 'buy' rating with a target price of 1.85 million won. SK Hynix, SK Square's subsidiary, has completed 71.3% of its planned 40 trillion won share buyback program (17.15 million of 24.07 million shares purchased as of September 29), with completion expected in mid-October. Analyst Choi noted that upon share cancellation, SK Square's stake in SK Hynix would increase from 20.0% to 20.7%, potentially driving st

According to the Associated Press, the Trump administration today launched America.gov, an AI-driven federal government information website designed to simplify public access to government information and services. The website's question-answering feature has drawn scrutiny over its objectivity on sensitive issues.

SK Innovation's stock has surged 56% year-to-date as of September 30, 2026, according to Korea Exchange data, with the company poised for record-high earnings this year. Analyst consensus, led by firms including Hana Securities and IM Securities, projects the company's 2026 operating profit will exceed 10 trillion Korean won—the highest on record—driven by strong refining and lubricant margins, gains from the SK E&S merger, and improved performance at battery subsidiary SK On.

According to KB Securities, Samsung Electronics and affiliates will invest $1 billion in AI infrastructure firm Helix on September 30, with Samsung Electronics contributing $500 million. The investment marks Samsung's direct entry into AI data center demand chain, moving beyond passive financial participation. KB Securities also projects DRAM average selling prices will rise 15-20% in Q3-Q4 2026 and record double-digit growth in Q1 2027, as major cloud providers secure inventory for the first ha

According to F&Guide and multiple brokerage firms, SK Innovation's 2026 operating profit is expected to surpass 10 trillion Korean won for the first time in company history, with its stock price up 56.32% year-to-date as of September 30. The rally is driven by strong refining and lubricant margins, combined with contributions from the merged SK E&S energy unit and potential turnaround in battery subsidiary SK On. Hana Securities forecasts full-year operating profit at 11.8 trillion won, up 2,821

On September 29, Nextchange, a preparation company for fractional investment over-the-counter (OTC) exchange handling security token (STO) distribution, was officially established by 21 founding institutions including Nexttrade (NXT). Jung Yu-shin, a professor from Seogang University's Graduate School of Business, was appointed as the inaugural CEO. Jung stated that Nextchange aims to become a trusted infrastructure for fractional investment market distribution while obtaining a preliminary lice

According to Ford CEO Jim Farley on September 29, the U.S. must exercise extreme caution in determining how to allow Chinese automakers into its market, citing Europe as a cautionary example of a market already lost to Chinese competition. Addressing the Automotive News conference in Detroit, Farley warned that Chinese brands are rapidly capturing share in Europe, where traditional carmakers now face severe cost, pricing, and volume pressures. He stressed that Europe's situation has become unrec

According to people familiar with the matter, OpenAI is exploring a new funding round of approximately $30 billion that could value the ChatGPT developer at roughly $1.4 trillion, potentially making it one of the world's most valuable private companies. The discussions are in early stages driven by investor demand. If completed, the valuation would represent a 64% increase from OpenAI's $852 billion valuation in March, when the company raised $122 billion.

According to an interview with MoneyToday on September 15, Kiwoom Securities' New York subsidiary is preparing to launch direct US stock brokerage services next month following its US regulatory approval in June. The South Korea-based retail brokerage, which holds the top domestic market share in retail equity trading, aims to differentiate its US service offerings through faster innovation and improved trade stability by operating independently rather than routing orders through third-party bro

According to Yonhapinfomax, on Sept 29 at 4 p.m. ET, the U.S. dollar index (DXY) rose to 101.403, up 0.184 points or 0.182% from the previous close. The dollar extended gains against major currencies amid elevated U.S. Treasury yields, with the euro weakening on dovish comments from European Central Bank officials. Euro-dollar fell 0.248% to 1.13385, while dollar-yen declined 0.060% to 157.331. The U.S. two-year Treasury yield briefly climbed to around 4.95%, and the 30-year yield surpassed 5.60

According to CNBC's Jim Cramer on Tuesday, the artificial intelligence industry is losing the public relations battle as sentiment shifts from enthusiasm to skepticism over jobs, electricity costs, and environmental concerns. Cramer noted that warnings from AI developers have complicated the industry's message, citing Anthropic's leaked IPO prospectus which cautioned that AI models pose "catastrophic or existential risk to humanity," and OpenAI's decision to delay releasing ChatGPT 6.1 over safe

According to CNBC's Jim Cramer, on Tuesday, the market may be overreacting to Meta's Muse AI agent threat to consumer stocks, which have fallen sharply since the agent's Sept. 8 launch. Planet Fitness has dropped 20%, Airbnb 13%, Booking Holdings 16%, SiriusXM 11%, and Charles Schwab 9%. Cramer stated that investors should assess how vulnerable individual businesses actually are rather than treating entire industries as AI losers, noting that some companies with strong customer loyalty may be mo

According to Axios, U.S. discussions with Iran this week have made little progress, according to people familiar with the Qatar-mediated dialogue.

On Tuesday, the S&P 500 ended 0.2% lower at 7,670.84, while the Dow Jones Industrial Average declined 0.3% to 51,349.92, pressured by elevated Treasury yields amid concerns over persistent inflation and government spending. The Nasdaq 100 added 0.2% to 30,339.33, with semiconductor stocks rising about 1.5%. The U.S. Department of Energy issued a Request for Proposal for an exchange of up to 40 million barrels of crude oil from the Strategic Petroleum Reserve, continuing a 172-million-barrel rele

According to regulatory filings submitted on September 29, Tesla has secured $30 billion in credit facilities, comprising a $20 billion three-year delayed draw term loan, an $8 billion five-year revolving credit facility, and a $2 billion 364-day revolving credit facility. The company has not drawn on these new facilities and currently has no plans to draw in 2026, but will use the funds to support future investments in AI, autonomous driving, Robotaxi, humanoid robots, and manufacturing expansi

According to Hong Kong Exchanges and Clearing disclosure on September 29, Luodao Industrial Holdings submitted a main board listing application to the Hong Kong Exchange, with China International Capital Corporation and CITIC Securities as joint sponsors. The company is a global precision temperature control technology provider and the world's largest thermal runner system supplier by revenue, commanding approximately 12.5% of the global thermal runner system market in 2025, according to Frost &