Gate Crypto Flash News and Market Updates

Today (October 4), Phala (PHA) surged to $0.0798, up 12.08% over the past 24 hours. The token jumped 10.07% within a single hour, with the daily range trading between a low of $0.0681 and a high of $0.0798. The coin saw robust trading activity with 24-hour volume reaching $2.1 million, signaling strong market interest.

On October 2, South Korea's Seoul Southern District Court approved temporary injunctions filed by listed companies Juyeon Tech and KM Pharm, suspending their delisting procedures. The court ruled that the Korea Exchange's newly implemented rule requiring companies to maintain a minimum market cap for 45 consecutive trading days was excessive and lacked procedural fairness, as affected companies were given no opportunity to respond before the stricter criteria took effect. Under current regulatio

According to Herald Economy, on October 3, legal expert Moon Sung discussed institutional investor shareholder activism trends at a forum in Seoul. During the 2026 shareholder meeting season, 56 South Korean listed companies received a total of 218 shareholder proposals, representing a 44% increase compared to the previous year, with approximately 11% of proposals passing, Moon noted. The uptick reflects strengthened shareholder rights following amendments to the Commercial Act and stewardship c

According to CCTV News, Google launched a prototype satellite equipped with its Tensor Processing Unit (TPU) chip recently to test the artificial intelligence chip's operational performance in the space environment. The satellite aims to evaluate the feasibility of deploying AI infrastructure in space.

According to BlockBeats, on October 3-4, Hong Kong police received a report from a 60-year-old woman who lost approximately HK$21.5 million in a cryptocurrency investment fraud scheme. The victim was lured by an individual posing as an investment expert on a social media platform to invest through a fraudulent website. Between April 14 and September 22, the scammer repeatedly requested deposits under the pretext of verifying the investment account to prevent money laundering. The victim transfer

According to Nikkei, Japan imposed additional sanctions on Russia on October 4, adding 33 military-related groups and 9 individuals to an asset freeze list. Among those sanctioned are entities involved in using crypto assets to evade financial sanctions. The sanctions also target 35 vessels in Russia's shadow fleet used to transport oil while circumventing Western restrictions. Japan has prohibited providing operational, maintenance, insurance, and financing services to these ships.

According to Benzinga, billionaire investor Bill Ackman recently expressed concerns that artificial intelligence has substantially elevated the risk of corporate disruption. In an interview with The Knowledge Podcast, Ackman stated that when evaluating investment targets, he now carefully assesses how AI could disrupt a company's business model and the durability of its competitive moat. Ackman's Pershing Square holds significant positions in major technology companies including Microsoft, Meta,

According to Bitcoin.com News, Brazil held its presidential election on October 4 as incumbent President Lula faced off against former President's son Flavio Bolsonaro. The outcome may significantly impact crypto policy in Brazil, which leads globally in cryptocurrency adoption rates. If Lula wins re-election, the government is expected to strengthen crypto regulatory oversight and compliance requirements, with the central bank already intensifying exchange supervision. Authorities may also push

According to Arkham, a wallet linked to Humanity's team transferred 70 million H tokens worth $4.91 million to Bybit over the past 24 hours, marking the wallet's first deposit to a centralized exchange. The address previously sent over $5.35 million in H to Sablier for on-chain vesting distribution and currently holds more than 2.6 billion H tokens, having received 2.77 billion H from the project 109 days ago.

According to Jin10, on October 3, Iran inaugurated a temporary militia training base at Tehran's Hafta-Tir Square to train civilians in air defense and obstacle-crossing exercises against potential threats from the U.S. and Israel. Basij militia training commander Ali Khosari emphasized the importance of developing nationwide civil defense capabilities, stating that if enemies attack again, Iranians will unite in resistance.

According to the Federal Reserve, on September 24 the central bank released proposed rules governing stablecoin issuers' reserve requirements and capital standards under the GENIUS Act, enacted in July 2025. The regulation is scheduled to take effect no later than January 2027. Stablecoin issuers must maintain reserves equal to outstanding coins in 1:1 ratio, with permitted assets including short-term U.S. Treasuries of 93 days or less. The $270 billion global stablecoin market is expected to dr

According to Caijing magazine, Zhang Ming and colleagues from the Chinese Academy of Social Sciences have proposed exploring tokenization of Dim Sum Bonds (offshore yuan-denominated debt) as a priority asset direction for a Hong Kong dollar stablecoin era. Dim Sum Bonds align with yuan internationalization, Hong Kong's regulatory advantages, national asset allocation needs, and real-world asset (RWA) tokenization trends, positioning them as quality underlying assets for a Hong Kong stablecoin ec

According to ChainCatcher, STRK broke $0.056 in the past 24 hours, currently trading at $0.05338 with a 23.93% gain. Arkham monitoring data shows that address linked to crypto KOL Qwerty purchased approximately 17.45 million STRK tokens 13 hours ago for $767,000 at an average price of $0.0439 per token, with unrealized gains now reaching $170,000.

According to Yonhapnews, South Korea's KOSPI index closed last week at the 7000 level, down 1.09%, while KOSDAQ surged 5.78%. This week, the index is expected to attempt to consolidate at the 7000 mark, with market attention centered on Samsung Electronics' third-quarter earnings announcement scheduled for October 8. Analysts project this week's trading range between 6500 and 7500, with positive signals from memory chip price gains and strong Korean export data potentially supporting Samsung's e

According to BlockBeats, on October 4, crypto trader Bonk Guy's portfolio holdings totaled approximately $13.7 million, down $13.9 million from a peak of $27.6 million on September 6. His three largest spot positions are PONS ($4.51 million), USELESS ($3.83 million), and MARSCOIN ($2.87 million).

According to MarketWatch, as elevated U.S. bond yields continue to pressure valuations of existing debt holdings, investors are increasingly shifting toward alternative assets including managed futures, equity derivatives income ETFs, and gold and bitcoin. Managed futures strategies offer low correlation to traditional stocks and bonds by establishing long and short positions across commodity, currency, and futures markets. Equity income ETFs, such as JPMorgan Equity Premium Income ETF (JEPI), u

According to 9to5Mac, Apple this week confirmed a network connectivity issue affecting a limited number of iPhone 18 Pro Max users on AT&T, rendering devices unable to access cellular service or make calls. The company released iOS 27.0.1 and carrier settings updates to prevent further occurrences, but stated that devices already experiencing service loss require hardware replacement. Users can manually install updates through Settings > General > About, or wait for automatic download within 14

According to SEC data, Nasdaq, NYSE Arca, and two other major U.S. stock exchanges will expand trading hours starting December 6, moving to a 23-hour daily schedule, five days a week. The new model adds a night session from 9 p.m. to 4 a.m., with only one hour reserved for system maintenance between 8 p.m. and 9 p.m. Night trading volume currently accounts for approximately 1% of total U.S. stock trading but has surged 358% year-over-year, signaling growing demand. However, market participants r

According to Haseeb Qureshi, Managing Partner at Dragonfly Capital, ongoing token unlocks are significantly eroding confidence in the crypto market. He noted that investors often sell tokens immediately upon release, creating persistent selling pressure that discourages secondary-market investment in affected projects.

According to South Korea's Ministry of Economy and Finance, Deputy Prime Minister Lee Hyung-il emphasized on October 4 that reducing wealth inequality must become a core economic agenda, with his department leading efforts to address the issue. While South Korea's 2026 growth rate is projected at 3.3% and per capita national income is approaching $40,000, the gains remain concentrated in the semiconductor sector, creating what officials call "K-shaped growth" where benefits are unevenly distribu