Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
Today
02:44
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AMD Stock Surges Nearly 13% to Breach $1 Trillion Market Cap; Cramer Bullish on Agentic AI Opportunity

According to CNBC's Mad Money host Jim Cramer, AMD's stock surged nearly 13% last week, briefly breaking a $1 trillion market valuation before retreating to $992.33 billion on Monday (Sept 28). Cramer attributed the rally to the rising adoption of agentic AI, which will drive increased CPU demand. He stated that CEO Lisa Su has executed "one of the greatest corporate turnarounds of all time" and expects the rally to continue as AI workloads shift focus from training to inference. Cramer noted th
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02:42
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China's Agriculture Ministry Pledges Expanded Policy Support for Grain Production to Boost Farmer Income

According to China's Ministry of Agriculture and Rural Affairs, at a State Council press briefing, Minister Zhang Zhu pledged to strengthen policy support for grain production through price subsidies, insurance programs, and coordinated management of production, storage, and imports. The measures aim to maintain grain prices at reasonable levels and ensure farmers achieve profitable returns from growing crops.
02:39
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Seoul Strengthens Corporate Governance Reforms to End Korea Discount, Participants Say

According to participants at Korea Premium Week 2026 policy session on September 29, structural corporate reforms and institutional investor action are needed to transform the Korean market from a discount to premium valuation. Officials stated that Commercial Law amendments and the value-up program require real behavioral changes from companies and asset managers to be effective. Global investors highlighted infrastructure gaps as barriers to deeper market participation. Regulators must ensure
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02:39
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South Korea's Government Bond MMF Negative Spreads Widen Beyond -0.12% on Sept 28-29

According to bond market sources, on Sept 28-29, South Korea's government and public bond money market fund (MMF) negative spreads widened beyond -0.12%, with some major funds among 25 tracked showing negative premiums. A negative spread indicates market interest rates on underlying bonds have risen, increasing redemption risk for investors. The widening is driven by a surge in bank bond issuance due to major corporate deposit maturities and rising U.S. Treasury yields. Bond traders cited reduce
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02:38
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Hyundai Motor Securities' IB Revenue Recovers to 461 Billion Won in H1 2026, Yet PF Asset Recovery Lags

According to Hyundai Motor Securities' financial reports, the company's investment banking (IB) operating net profit rebounded to 461 billion won in the first half of 2026, up 77% from 260 billion won in the same period last year. However, challenges remain in recovering capital from property project financing (PF) investments as sales and disposals of existing projects proceed slowly. As of June 2026, the company's impaired assets declined to 178 billion won from 199.4 billion won at year-end 2
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02:38
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South Korean Cash Dividends Hit 52.4 Trillion Won by August, Exceeding Full-Year 2025 Total

According to the Korea Exchange, on September 29, the 'Korea Premium Week 2026' forum highlighted that transparent corporate governance and sustained shareholder returns are essential for South Korea's stock market to overcome valuation discounts. As of August 2026, total cash dividends reached 52.4 trillion won, surpassing last year's full-year total of 50.9 trillion won, signaling a structural shift in shareholder value culture among listed companies.
02:38
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SK Hynix ADR Drops 5.03% Overnight Amid Solidigm U.S. IPO Concerns

According to financial industry reports, SK Hynix ADR dropped 5.03% overnight on the New York Stock Exchange today, following a 5.05% decline on the domestic market yesterday. The sell-off reflects shareholder concerns over Solidigm, the company's U.S.-based NAND flash memory subsidiary, pursuing a separate Nasdaq listing. Investors fear a standalone IPO for the AI-focused subsidiary will dilute the parent company's valuation and fragment foreign investment demand. SK Group stocks declined in ta
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02:38
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U.S. 10-Year Treasury Yield Hits 5.23% on Sept 29, Highest Since June 2007

According to Yonhap Infomax, the U.S. 10-year Treasury yield climbed to 5.23% on September 29, reaching its highest level since June 2007. The surge reflects broader bond market pressures, though current mortgage lending standards remain significantly stricter than during the 2007–2008 financial crisis, with 92% of U.S. mortgages now fixed-rate compared to prevalent adjustable-rate products before the crisis.
02:37
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Pons Launches Social Trading Feature to Rival FOMO

According to BlockBeats, on September 29, Robinhood chain token platform Pons announced the upcoming launch of a social trading feature. The feature will rival FOMO and will include real-time on-chain trading activity, wallet tracking with instant alerts, verified profit-and-loss records, a trader leaderboard, and expansion to Solana via Pumpfun.
SOL-3.40%
02:36
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Florida Attorney General Requests Court Ban on OpenAI Unsupervised AI Model Development

According to Reuters, on September 28, Florida Attorney General James Uthmeier requested a judge to ban OpenAI from developing new artificial intelligence models without external oversight. The motion is part of Florida's lawsuit alleging OpenAI harms children. Uthmeier also requested the court order OpenAI to prohibit minors from using ChatGPT and ban the company from attributing human characteristics to the chat platform. Florida filed the lawsuit in June, alleging OpenAI misrepresented ChatGP
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02:33
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ZEC Falls 12% on September 29, $20M+ Long Positions Risk Liquidation Within ~$20

According to TradingBeats, on September 29, ZEC dropped 12.1% to $1,388.4 in 24 hours, with the lowest point touching $1,379. Despite the decline, major long positions remain uncleared. Approximately $20.09 million in aggregate large holdings face liquidation lines concentrated near $1,358–$1,359, leaving roughly $20 of downside buffer before execution.
02:32
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Ethereum Co-founder Lubin Identifies Regulatory Uncertainty as Key Barrier to Korean Institutional Adoption

At the Ethereum Korea One: Genesis conference in Seoul on September 28, Ethereum co-founder Joseph Lubin identified regulatory uncertainty and institutional preparedness as the main barriers preventing Korean institutions from adopting Ethereum. Lubin stated that institutional readiness, regulatory clarity, and technological maturity must all be addressed for institutional adoption to succeed in South Korea.
ETH0.01%
02:32
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Quad Asset Management Sends Second Shareholder Letter to Daeyoung Electronics, Demands 300B Won Buyback and 30% Dividend Payout

According to Quad Asset Management, the activist fund sent a second shareholder letter to South Korean shipbuilding parts manufacturer Daeyoung Electronics on Sept 29, demanding the company execute 300 billion won in share buybacks and cancellations over three years and raise its dividend payout ratio to 30%. The fund also proposed setting a minimum dividend of 500 won per share and targeting a price-to-book ratio of 1.5x. Quad cited Daeyoung's undervaluation—currently trading at 0.6x PBR despit
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02:31
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Wells Fargo Recommends 60/40 Stock-Bond Rebalancing as U.S. 10-Year Yields Exceed 5%

According to Bloomberg, Wells Fargo strategists are recommending investors rebalance portfolios toward a traditional 60/40 stock-bond allocation as U.S. 10-year Treasury yields have climbed above 5%. Currently, investors hold approximately 72% of their portfolios in stocks, the highest level since 1969, according to Wells Fargo data. Chief equity strategist Ohsung Kwon stated that the current equity allocation does not reflect a 5% risk-free rate environment. At the current yield level, stocks a
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02:31
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Solana Spot ETFs See $12.68M Combined Net Inflows on Sept. 28

According to SoSoValue data, Solana spot ETFs saw combined net inflows of $12.68 million on Sept. 28 (US Eastern Time). Bitwise Solana Staking ETF (BSOL) led with $9.65 million in daily net inflows, bringing its historical cumulative net inflows to $1.23 billion. Solana spot ETF total assets under management reached $1.925 billion, with total historical cumulative net inflows standing at $1.618 billion.
SOL-3.40%
02:29
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China's Central Bank Lowers Service Sector Lending Costs by 0.4 Percentage Points on September 29

According to China's central bank on September 29, Deputy Director of the Credit Market Division of the People's Bank of China (PBOC) Che Shiyi announced the coordination of fiscal and monetary policies through combined re-lending and financial subsidy programs to further reduce financing costs for the service sector. In the first half of 2026, the weighted average lending rate for new loans issued by local legal person financial institutions to small and medium-sized private enterprises fell 0.
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02:28
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Binance Launches Stock Trading for Five New Equities; Hong Kong Expands Crypto Oversight; Bitcoin Holdings Surge Across Major Institutions on Sept 28-29

On September 28-29, Binance began trading five new stocks including Boost Run Inc. (BRUN) and StablecoinX Inc. (USDE) starting 21:30 UTC+8 on September 28. Hong Kong's Securities and Futures Commission and the Accounting and Financial Reporting Council expanded their oversight to include virtual asset service providers' financial reporting and audit work. Strive increased Bitcoin holdings by 1,107 BTC to 27,462 BTC total for $94.5 million, while MicroStrategy added 1,665 BTC and repurchased $152
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BTC-0.79%
SOL-3.40%
ETH0.01%