Gate Crypto Flash News and Market Updates

According to Yonhapnews, Meta's AI assistant Muse is currently gaining attention for its ability to identify unnecessary subscriptions for users. The feature has triggered stock declines among consumer subscription-based companies as the AI helps users reduce their subscription spending.

According to CNBC, the U.S. 10-year Treasury yield surged to 5.23% on September 25, marking its highest level since 2007. The 30-year Treasury yield also reached its highest level since 2004. Despite the sharp rise in bond yields, U.S. economic data surprised to the upside. S&P Global PMI released on September 23 showed the services sector PMI hit 58.7 in September, the highest in five years, while manufacturing PMI climbed to 57.0, the highest in four years, reflecting the strongest business ac

According to OKX, BP breaks above $1.5 and hits a new high, trading at $1.494 with 24-hour gains of 25.17%.

According to the Korea Exchange, KOSPI rose 2.71% to 7,080.92 in the week ending Sept. 23, with institutional investors and other corporations posting combined net purchases of 6.6 trillion Korean won, while individuals and foreign investors net sold 6.6 trillion won combined. This week, market focus will turn to U.S. economic releases scheduled for Sept. 30 and Oct. 2, including the August PCE price index and September employment data. Micron Technology's earnings report on Sept. 30 is viewed a

According to the Korea Exchange, HANARO Semiconductor Core Process ETF rallied 12.99% last week (September 21-23), marking the highest weekly gain among domestic leveraged and inverse-excluded ETFs. The ETF tracks the FnGuide Semiconductor Core Process Index and holds positions including VM (16.20%), Jusetem (12.02%), PSK (11.67%), ISC (9.99%), and Tes (9.96%), which collectively account for 59.84% of the fund. All five top holdings posted double-digit gains, with Tes surging 17.23% to 161,900 w

South Korea's KOSPI index rose 2.71% last week to close at 7,080.92 on September 23, according to the Korea Exchange. This week, markets will focus on key U.S. economic data and corporate earnings: the August PCE price index and September jobs report (scheduled for September 30 and October 2 respectively), alongside Micron's Q3 earnings on September 30. U.S. Treasury yields remain elevated at 5.16%, though declining oil prices have provided some relief. The Strait of Hormuz reopening negotiation

According to Financial Times, South Korea's government launched a 'Universal AI for All' initiative on September 27, offering free ChatGPT-like services and personal AI assistants to all 51.6 million citizens. SK Telecom, KT, and Kakao were selected to lead the implementation. South Korea's Deputy Prime Minister stated that artificial intelligence should be treated as basic infrastructure like electricity, accessible to all citizens without cost concerns. He also pledged that while the governmen

According to Korea Exchange, Korean game stocks' trading volume plummeted in the second half of 2026. The KRX Game TOP10 Index constituents' daily average trading volume dropped to 93.58 billion won through September 23, down 46% from 173.37 billion won in H1. Major players saw steeper declines: NC fell 50.7% and Krafton, the country's largest game stock by market cap, declined 41.7% during the same period. The KRX Game TOP10 Index itself closed at 548.02 on September 23, down 14.85% from 643.59

According to Koscom, Mirae Asset's TIGER S&P 500 Target Daily Covered Call ETF posted a one-year return of 13.59% as of September 23, 2026. The ETF reduces its call option selling ratio to approximately 10% of assets, allowing investors to capture roughly 90% of S&P 500 upside while generating monthly distributions through option premiums and dividend income. The fund recently adjusted its distribution base date to the 15th of each month and incorporated stock dividends as an additional distribu

According to Korea Exchange on September 27, KONEX daily average trading volume hit a record low of 1.1 billion won (year-to-date through September 23), marking the lowest level since the government launched KONEX market activation efforts in 2015. Only one KONEX-listed company successfully transferred to KOSDAQ this year, with one more scheduled for October 15, compared to four uplistings in 2025 and 13 in 2021. Starting September 23, KONEX has permitted companies facing KOSDAQ delisting to tra

According to BlockBeats, BP hit $1.479 on September 27, up 22.2% in 24 hours.

According to South Korean financial industry sources, the National Pension Fund issued internal control reinforcement directives on September 27 to delegated asset managers following front-trading allegations involving fund managers' exchange-traded funds (ETFs). The directive, communicated through institutional business channels, specifically calls for stricter oversight of employee stock transactions and non-public investment information management. The action was prompted by investigations in

According to data from four major South Korean brokerages, high-net-worth investors increased purchases of Samsung Electronics preferred shares through September 10, with the stock ranking in the top two positions by net buying volume at two of the firms. The move contrasts sharply with retail investors, who net-sold 480.3 billion won of Samsung Electronics preferred shares during the same period. The buying interest reflects expectations of share buybacks and cancellations, compounded by the st

According to Korea Exchange data released on September 27, from September 1-23, foreign investors purchased 1.28 trillion won worth of SK Square, SK Innovation, and Korean Air shares, while retail investors sold 1.34 trillion won of the same stocks. SK Square saw the largest foreign buying at 739.4 billion won (ranking first among all stocks), followed by Korean Air at 290 billion won and SK Innovation at 252.1 billion won. All three stocks posted double-digit gains this month—SK Square up 14.8%

According to asset tokenization data platform RWA.xyz, as of September 27, tokenized U.S. Treasury products and money market funds have reached a circulating value of $14.94 billion. BlackRock's BUIDL and Franklin Templeton's FOBXX are leading examples. Institutional investors can deposit BUIDL into derivatives exchanges and use it as collateral for Bitcoin and Ethereum futures and options trading, with 98% of the fund's value recognized as collateral. Traditional financial infrastructure is exp

According to South Korea's fiscal authorities and experts, the government faces a policy trilemma as projected excess tax revenue reaches 60 trillion won for 2026, with year-end inflation climbing to 3.1% in August. The country's central bank has been raising interest rates to combat price pressures, while the government simultaneously plans to expand fiscal spending through a newly established Future Response Fund, which is expected to accumulate over 222 trillion won when combined with excess

According to South Korea's financial investment sector, NextTrade's market share dropped to 9.1% on average during the Korea Exchange's aftermarket trading period (September 14-23), down from 10.64% before the launch (September 1-11). Trading volume fell 13.7% to 95.67 million shares daily, while trading value declined 18.4% to 10.68 trillion Korean won. The decline was most pronounced in the aftermarket session, where NextTrade's daily trading volume plummeted 45.7% to 11.35 million shares. Ana

According to Iran's Islamic Republic News Agency (IRNA), Iranian Foreign Minister Abbas Araghchi said on Sept. 25 at the UN that U.S. and Israeli attacks on Iran have killed over 5,000 people, including hundreds of women and children. He cited civilian targets hit in the strikes, including residential areas, schools, hospitals, energy facilities, and infrastructure. Araghchi also accused the U.S. and Israel of committing "overt crimes" through assassination attempts on former Supreme Leader Ayat

According to South Korea's financial services industry, three Samsung-affiliated asset management companies—Samsung Asset Management, Samsung Active Asset Management, and Samsung SRA Asset Management—will jointly open an office in Jeonju on October 12, 2026. The move follows South Korea's National Pension Service policy introduced in June 2026, which grants a 1-point bonus to asset managers with a presence in Jeonju during trustee selection processes.

According to ChainCatcher, Polygon co-founder Sandeep announced on X that the POL community has permanently burned 100 million POL tokens through recent on-chain revenue accumulation, representing approximately 1% of total supply, with plans to burn an additional 25 million POL tokens. Sandeep added that Polygon PoS upgrades are progressing toward more advanced blockchain capabilities, with confirmation times expected to reach 1 millisecond through block streaming. The upcoming OMS upgrade will