Gate Crypto Flash News and Market Updates

According to Guru Club, legendary short-seller Jim Chanos said on September 28 that the current AI boom is uniquely driven by four major factors simultaneously: government policy, technological enthusiasm, credit financing, and real estate construction for data centers. Unlike past financial bubbles, which typically relied on one or two of these drivers, this AI cycle combines all four, significantly amplifying financial risks. Chanos noted that data center expansion alone represents a massive i

China's interbank foreign exchange market reported the following midday rates on September 28: USD/CNY at 6.7399 (down 90 pips), EUR/CNY at 7.6564 (down 67 pips), GBP/CNY at 8.9007 (down 146 pips), AUD/CNY at 4.7182 (down 205 pips), and CAD/CNY at 4.7510 (down 225 pips). Other rates included JPY/CNY at 4.2685 (up 95 pips), CNY/RUB at 12.5469 (down 795 pips), NZD/CNY at 3.8051 (down 168 pips), CNY/MYR at 0.60532 (down 12.5 pips), CHF/CNY at 8.1123 (down 539 pips), and SGD/CNY at 5.2620 (up 22 pip

According to Jin10 data on Sept 28, the Reserve Bank of Australia is expected to raise rates by 25 basis points this week, with a 25bp hike appearing largely priced in. Analysts expect the RBA to emphasize upside inflation risks and unresolved Middle East tensions. The key focus will be the central bank's tone, which is likely to be direct and leave room for further rate hikes in November. The RBA has signaled doubts about achieving its inflation target within a reasonable timeframe and has redu

The Chinese yuan's official mid-price against the US dollar strengthened 90 basis points to 6.7399 yesterday (September 27), marking the highest level since February 3, 2023, and the largest daily appreciation since April 27, 2026.

According to Yonhap Infomax, Volkswagen cut its full-year 2026 operating margin guidance to a maximum of 1% from 4-5.5% on September 28, reducing projected operating profit by approximately 3.15 billion euros. The move stems from weakened presence in China—its largest profit source—where aggressive price competition and Chinese EV competition have eroded sales and raised promotional costs. Additionally, battery cost pressures and software defects have narrowed EV margins below internal combustio

According to Daishin Securities analyst Lee Jung-hoon on September 28, South Korea's won is expected to continue strengthening through next year, supported by improving macroeconomic fundamentals. The country recorded 3.8% GDP growth in the first half of 2026, the highest since 2021, and is projected to maintain around 3% growth in 2026 and beyond, outpacing the United States. The analyst noted that while the Federal Reserve has resumed rate hikes for the first time in three years, dollar streng

According to BNP Paribas, on September 27, the bank forecast that U.S. 30-year Treasury yields will rise to 5.6% within months from current levels near 5.49%. The bank estimated that if the Federal Reserve proceeds with four rate hikes as markets currently price in, government borrowing costs would increase by $116 billion in the first year and $168 billion in the second year.

According to Yonhapinfomax's survey of nine financial institutions, South Korea's September exports are forecast to exceed $107.78 billion, up 63.55% year-over-year. Semiconductor shipments are expected to surge 259.4%, reaching $34.13 billion, accounting for 47.8% of total exports despite fewer working days due to Chuseok holidays. The country's trade surplus is projected to approach $39.32 billion in September. From September 1–20, exports already reached $71.41 billion, up 78.3% year-over-yea

According to consensus forecast data from F&Guide, Samsung Electro-Mechanics' third-quarter operating profit is expected to reach 605 billion won (approximately 2.3 times the 260.3 billion won recorded in the same quarter last year) as of Sept 28. This represents a 30% increase from the 470 billion won projection made three months earlier. Some brokerages, including KB Securities and iM Securities, forecast even higher figures at 665 billion won and 650 billion won, respectively. The upward revi

According to China's Ministry of Commerce, China and the United States will hold their next artificial intelligence dialogue by late November 2026. Vice Premier He Lifeng and Treasury Secretary Janet Yellen will lead the talks under the bilateral economic and trade consultation framework. The two countries have already conducted an initial dialogue to discuss AI-related risks and benefits, and agreed to establish a communication channel for AI incidents.

According to AFP, Swiss voters rejected a constitutional amendment to strengthen permanent military neutrality on September 27, with 70.15% opposing and 29.85% supporting the measure. The turnout was 47.06%. The failed amendment would have restricted the government's ability to interpret neutrality and prohibited Switzerland from participating in international sanctions without United Nations Security Council approval. Switzerland will continue its cooperation with NATO and participation in Euro

Palladium futures fell 2.00% to trade at 294.25 yuan per gram intraday on Sept 28.

According to DS Asset Management, on September 23, the company's DS KOSDAQ Active ETF ranked first among 1,175 domestic listed ETFs with a one-month return of 26.04%, outperforming its benchmark index by 20.74 percentage points. The fund crossed 50 billion Korean won in net assets, achieving the milestone about two months after its July 14 listing. The active ETF selects leading companies in structural growth industries within the KOSDAQ market, adjusting holdings based on individual company gro

According to Korea Exchange, IceCreamEdu, BKHoldings, and HyungjiI&C fell sharply this morning (Sept 28) amid delisting concerns. IceCreamEdu dropped 8.90% to 1,075 won, BKHoldings fell 5.58% to 677 won, and HyungjiI&C declined 4.00% to 480 won. The exchange issued a notice on Sept 23 warning that the three firms face potential delisting if their market capitalizations remain below 20 billion won (the threshold raised in July) for 10 consecutive trading days. So far, 36 trading days after being

According to China's Ministry of Commerce, the U.S.-China trade teams held negotiations in New York and Washington between September 20 and 23, reaching positive consensus. The talks contributed to trade and economic outcomes ahead of the leaders' summit between the two nations.

According to Dmitriy Berenzon, a partner at Archetype, tokenized stock holders currently number around 4 million as of September 28. Berenzon predicts the figure will surge to 100 million within three years.

According to Guru Club, spot palladium fell 2% intraday on September 28, trading at $1,240.27 per ounce.

According to Guru Club, the Shanghai Containerized Freight Index European route main contract rallied over 8% intraday on September 28, reaching 2,968 points.

According to China's Ministry of Commerce, during the eighth round of China-U.S. trade consultations on September 28, both sides exchanged views on increasing direct passenger flight routes between the two countries. The two countries agreed to maintain ongoing communication regarding the expansion of flights and related matters.

According to China's Ministry of Commerce, the country and the U.S. agreed to establish an Agricultural Working Group under the bilateral trade council on September 28. The group will be co-chaired by China's Ministry of Commerce and the U.S. Trade Representative's Office, with participation from relevant regulatory agencies from both nations. The working group will discuss bilateral agricultural product market access and regulatory issues. The two countries agreed to hold the group's first meet