Gate Crypto Flash News and Market Updates

According to a Twitter announcement, Coinbase CEO Brian Armstrong recently introduced live crypto price markets on the platform. The new feature is designed to enhance user engagement and provide traders with fresh opportunities to participate in prediction markets. The announcement aims to attract more users exploring innovative trading options in the cryptocurrency space.

According to Daishin Securities, HD Hyundai Electrified's target share price has been lowered to 1.02 million won from 1.15 million won on October 7, citing unfavorable third-quarter performance driven by won-dollar exchange rate depreciation. The brokerage maintained a 'buy' rating, noting the stock price has already reflected the headwinds. The company's previous close was 683,000 won. Daishin projects third-quarter revenue of 1.16 trillion won and operating profit of 296 billion won, represen

According to NH Investment & Securities on October 7, the South Korean construction firm Hyundai E&C received a buy rating with a target price of 170,000 KRW per share, driven by expectations of profiting from U.S. nuclear power projects. NH analyst Lee Eun-sang highlighted that details on Hyundai E&C's participation in TerraPower's first-of-a-kind reactor project are expected to materialize this year, particularly as the original contractor Bechtel recently terminated its contract, raising pros

According to Edaily, on October 6, South Korea's KOSPI index fell 1.11% to close at 6,864.25, while the KOSDAQ index settled at 917.45.

According to Meritz Securities, on October 7, the brokerage raised its target price for Samsung Electronics to 500,000 Korean won from 420,000 won, representing a 19% increase, while maintaining a buy rating. Analyst Kim Seon-woo forecast that mobile memory prices are expected to rise more than 50% starting in Q1 2027 based on continued production transitions by memory manufacturers. The firm also raised its operating profit estimate for Samsung to 63.2 trillion won from 56.2 trillion won, repre

According to Korean Exchange, South Korea's KOSPI fell 0.84% to 6,882.90 as of 9:02 a.m. on October 7. The index opened 1.11% lower at 6,864.25, compared to October 6's close of 6,941.39 (down 0.89%). Meanwhile, the KOSDAQ dipped 0.13% to 918.75.

According to South Korea's Finance Ministry, announced on October 7, the government will strengthen monitoring of cross-border virtual asset transfers and overhaul fintech-based foreign exchange services. The measures, implemented through revisions to the Foreign Exchange Transaction Act Enforcement Decree, aim to prevent regulatory arbitrage and illegal transactions involving cryptocurrencies. The ministry will require virtual asset transfer businesses to register with the Finance Ministry and

According to Liquid24/7.xyz, Coinbase posted approximately 70.96 BTC ($5.61 million) in sell orders at $85,902 on its spot market today, representing a 0.43% premium to the mid-price of $85,537. The platform's near-end order book shows buy-side depth of $22.59 million against sell-side depth of $26.79 million, with sell-side orders exceeding buy-side by $4.20 million, or 8.51% of total depth.

The Nikkei 225 Index opened lower on October 7, declining 36.29 points, or 0.05%, to 70,647.69. The benchmark index posted a modest loss at the start of the trading day.

According to Rappler reporting based on company disclosures, Del Monte Pacific's temporary debt standstill agreement with SEA Diner Holdings expired on October 1 without a replacement or restructured deal. As of October 5, the company had not announced a new extension or formal enforcement action. SEA Diner, which holds over US$156 million in redeemable preference shares, now possesses immediate legal rights to demand capital repayment with compounding dividends. On October 2, the first trading

According to Eximius Ventures, Indian AI agribusiness software startup Myca has raised $1.3 million in a pre-seed round led by Kriscore Capital, with participation from Eximius Ventures and Indigram Labs Foundation. The company plans to use the funds to expand its product offerings, strengthen its engineering team, and scale enterprise deployments across Southeast Asia, Latin America, Africa, and India. Myca's AI software converts field updates from messages, calls, and photos into structured wo

According to Odaily, ether.fi announced a partnership with MoonPay today to migrate its core payment infrastructure to MoonPay's integration stack. The collaboration will enable deposit, in-chain transfers, and withdrawals while maintaining self-custody. Four products will launch: Headless Ramps for borderless on and off-ramps, Trade for cross-chain swaps and routing, Enterprise virtual accounts supporting ACH, SWIFT, and SEPA, and crypto deposits. Users will complete identity verification only

According to Yahoo Finance, Novavax (NASDAQ: NVAX) shares fell 9.87% to close at $11.32 on Oct 6, unwinding most of the previous day's 20% surge. Moderna (NASDAQ: MRNA) declined 7.75% to $187.46, and BioNTech (NASDAQ: BNTX) dropped 1.96%, after the World Health Organization clarified that no plague pathogens were detected among contacts of a deceased Russian researcher.

According to Financial Times, Hyperliquid Labs confirmed its headquarters is located in Singapore on October 7, with company filings and recent job postings confirming the office presence. However, Singapore's Monetary Authority of Singapore (MAS) stated it does not consider Hyperliquid within its regulatory jurisdiction, citing the platform's decentralized nature. MAS also said it is unclear which major regulatory authorities oversee Hyperliquid. Hyperliquid Labs said the platform is currently

According to Daishin Securities, Samsung Electronics and SK Hynix are nearing completion of a combined 55 trillion won share buyback program as of October 6, with Samsung at 97% progress by amount and SK Hynix at 83%. The analyst noted that buyback completion does not necessarily lead to stock price weakness, as institutional investors have already liquidated holdings during the acquisition period. This creates a potential supply deficit, potentially reducing selling pressure after the programs

According to Hana Securities analyst Ko Yeon-su, the firm cut Mirae Asset Securities' target price to 67,000 KRW from 95,000 KRW on October 7, citing losses from SpaceX holdings. Hana Securities expects Mirae Asset to post a net loss of 408.8 billion KRW in the third quarter of 2026, significantly below market consensus of 98.6 billion KRW. The losses stem from a 1 trillion KRW valuation loss on SpaceX shares, reflecting the decline in the aerospace company's stock price and weakening exchange r

According to KB Securities on October 6, the brokerage lowered its price target for Kakao Bank to 29,000 Korean won from 31,000 won, a 6.5% reduction, citing lower-than-expected third-quarter loan growth and weak fund management gains. The firm maintained its 'buy' rating despite the downgrade. KB Securities projects Kakao Bank's Q3 standalone net profit at 125.1 billion won, up 12.3% year-over-year but 12% below consensus forecasts due to poor fund management performance and increased loan loss

According to Yuanta Securities analyst Son Hyun-jeong, LS Electric is forecast to exceed market expectations in Q3 2026, with revenue projected at 1.7378 trillion won, up 42.9% year-over-year, and operating profit at 208 billion won, up 106.2% and 10.8% above consensus estimates. The company's operating margin is expected to reach 12%. The outperformance is driven by accelerating sales conversion of power infrastructure orders and expanding data center business, which is improving the product mi

According to Japanese government data released Wednesday, real wages in August rose 1.5% year-on-year, marking the eighth consecutive monthly increase and indicating sustained wage recovery. Nominal wages grew 3.8% year-on-year in August, while base wages increased 3.8%. Overtime wages climbed 5.2% compared to 4.5% in July. The inflation rate used to calculate real wages remained at 2.2% in August, down from 3.1% a year ago.

According to an OKX announcement, Circle, alongside Ripple and SC Ventures by StanChart, made a strategic investment in OKX, valuing the exchange at $25 billion on a pre-money basis. The move aims to strengthen collaboration among major industry players in advancing on-chain market infrastructure.