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
04:03
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Super Inu (SI) Sees 22% Drop in 24 Hours, $3446M Market Cap After One Week Since Launch

According to ChainCatcher, Super Inu (SI) reached 60,000 token holders within one week of launch, with over 30,000 new holders added in a single day. The protocol recorded over $110 million in on-chain trading volume over the past two days and approximately $163 million cumulative volume in the past seven days. SI's market capitalization has declined to $34.46 million with a 24-hour drop exceeding 22%, after rising from $3 million to $70 million. Bonk Guy noted on X that the pullback represents
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BONK-1.60%
04:02
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Korea's Finance Authority Recommends Maintaining Real-Name Crypto Accounts, Questions '1 Entity-1 Bank' Rule on Oct 1

According to a report by the Korea Institute of Finance released on October 1, the country's financial regulator recommends maintaining the real-name deposit account system for cryptocurrency exchanges while reconsidering the '1 entity-1 bank' requirement. The report, submitted to the Financial Services Commission late last year, found that real-name accounts effectively strengthen anti-money laundering (AML) monitoring at the banking stage and lack viable alternatives. However, the institute su
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04:02
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KB Securities Forecasts Q4 Memory Prices to Rise 10-20% as AI Demand Surges

According to KB Securities research division on October 2, memory chip prices are forecast to rise double digits in Q4, with generic DRAM prices expected to climb 10-15% quarter-on-quarter and NAND prices rising 15-20%. The bank cited TrendForce data, projecting strong demand from server DRAM and enterprise SSDs, while SSD bit demand is anticipated to increase over 80% year-on-year driven by rapid expansion in AI inference workloads. Additionally, Micron signaled a significant price increase for
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04:01
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Micron Stock Rises Over 3% on Thursday After Q4 Earnings Beat Expectations

According to Investopedia, Micron's stock rose over 3% on Thursday (Oct 1) after the company reported fourth-quarter earnings that exceeded analyst expectations and provided an optimistic outlook. In contrast, when Micron posted better-than-expected results in June, the stock surged nearly 16% the following day, signaling a shift in investor sentiment. Of 11 analysts tracked by Visible Alpha, 10 recommend buying Micron shares and one offers a neutral rating. Their average price target stands at
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04:00
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U.S. Treasury Designates A7 Network as Major Transnational Crime Organization on October 1

According to the U.S. Department of Treasury, on October 1, the A7 Network has been designated as a "significant transnational criminal organization" linked to Russia and exploited by Iran for sanctions evasion. The Financial Crimes Enforcement Network will prohibit fund transfers involving A7 Network sub-agents and require financial institutions to identify and report related suspicious transactions. Investigations show that A7 Network sub-agents handled over $17 billion in transactions between
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04:00
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SBI Digital Trust Partners with NICE and DSRV on Japan-South Korea Stablecoin Cross-Border Payment Verification

According to Odaily, on October 1, SBI Digital Trust, NICE Information & Telecommunication, and DSRV signed an agreement to verify stablecoin-based cross-border payment solutions between Japan and South Korea. The verification will use QR code payments by Japanese tourists at NICE merchants as the test case, focusing on fund flow mechanisms, transaction instructions, and system connectivity. Each party will contribute expertise: SBI Digital Trust brings Japanese regulatory and financial experien
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03:52
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U.S. Bitcoin Spot ETFs See $102.7M Net Inflows on October 1

According to Farside Investors, U.S. bitcoin spot ETFs saw net inflows of $102.7 million on October 1. Over the past five trading days (September 25–October 1), cumulative net inflows reached $185.7 million, marking a return to positive flows after a single outflow day on September 30.
BTC2.09%
03:52
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U.S. Ethereum Spot ETFs See $55.4M Net Outflows on October 1

According to Phaside, on October 1, U.S. Ethereum spot ETFs recorded $55.4 million in net outflows. The products marked a third consecutive trading day of outflows, with cumulative outflows totaling $13.7 million over the five trading days ending October 1. Fidelity's FETH led outflows with $23.5 million, while Grayscale's ETH attracted $1.5 million in inflows.
ETH0.87%
03:51
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South Korea Deputy PM Expands Market Monitoring Framework to Include Housing Ministry on October 2

According to Yonhapinfomax, on October 2, South Korea's Deputy Prime Minister Lee Hyung-il presided over his first market situation review meeting since taking office, with Housing and Urban Development Minister Hong Ji-sun participating for the first time. The expansion integrates housing market oversight with financial and foreign exchange market monitoring, creating a comprehensive risk management system across markets. This move aims to address interconnected capital flows between real estat
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03:49
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Nike, Fermi, and DraftKings Fall to 52-Week Lows on Thursday

According to StockTwits, on Thursday (Oct 1), Nike (NKE), Fermi (FRMI), and DraftKings (DKNG) fell to 52-week lows. Nike declined 0.71% to $35.02 amid sales struggles in its wholesale and North American businesses. Fermi dropped nearly 4% to $3.92 due to massive cash burn and ongoing disputes with its former CEO. DraftKings slipped to $18.55 before recovering to close up nearly 2%, as Brazil's prohibition on online betting triggered a broader selloff in gambling stocks.
03:49
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zkAPI Launches on Ethereum Mainnet to Offer Privacy-Preserving API Payments

According to the Ethereum Foundation, zkAPI, a system built with the Open Anonymity Project, launched on Ethereum mainnet on Thursday to enable users to pay for AI and other API services while hiding their billing identities. Users deposit funds into an Ethereum vault and use zero-knowledge proofs to prove they have sufficient credit for API requests without revealing which deposits are theirs, according to Vittorio Rivabella, AI coordinator at the Ethereum Foundation's dAI team. The system issu
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ETH0.87%
03:37
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The Economist Warns Trump-Kim Summit Could Lead to U.S. Troop Withdrawal on October 1

According to The Economist, on October 1, the British weekly warned that an unscripted summit between Donald Trump and North Korean leader Kim Jong Un could result in worst-case agreements, including a potential major withdrawal of U.S. troops stationed in South Korea. The magazine cited the Asia-Pacific Economic Cooperation summit scheduled for November 18 in China as a possible meeting venue. Key risks outlined include North Korea's demand for formal U.S. recognition of its nuclear weapons sta
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03:35
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South Korea's Core Inflation Slows to 2.8% in September, Central Bank May Hike Again in November

According to Moody's Analytics, South Korea's core inflation eased to 2.8% in September from 3.4% in August, suggesting the central bank's recent monetary tightening is starting to ease underlying price pressures. Improved food supplies around the Chuseok holiday and weakening service-sector inflation contributed to the decline. The central bank may have room to consider another rate hike in November, supported by strong trade data, though energy costs remain a pressure point for households and
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