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.
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22:57
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UK Confirms Manchester to Host 2027 G20 Summit

According to UK Prime Minister Andy Burnham's office, Manchester will host the Group of Twenty (G20) leaders summit in 2027. Burnham announced the decision during his visit to New York for the United Nations General Assembly, marking the first time the city will welcome leaders of the world's largest economies.
22:56
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AtlasLink Issues 135 Billion Won Convertible Bonds on September 22 to Acquire Korean File Stake

According to AtlasLink, the OTT set-top box specialist issued 135 billion won in convertible bonds on September 22, with Korean Bond Investment Management leading participation at 9 billion won, representing 67% of the total offering. The funds will be used to acquire Sunwoo File's stake in Korean File, bringing AtlasLink's ownership in Korean File from 62.43% to 95.21% upon completion by year-end.
22:56
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AtlasLink Issues 13.5 Billion Won in Convertible Bonds to Raise KoreaFile Stake to 95.21%

According to AtlasLink on September 22, the company issued 13.5 billion Korean won in convertible bonds to fund its acquisition of shares held by Sungwoo File. Bond investment firm Korea Bond Investment Management led the offering, subscribing to 9 billion won, or 67% of the total issuance. Following the expected year-end completion of the transaction, AtlasLink's stake in KoreaFile will increase from 62.43% to 95.21%.
22:55
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Yuanta Securities Maintains 'Buy' Rating on Daihan Petrochemical; Targets 180,000 Korean Won Despite H2 Headwinds

According to Yuanta Securities, on September 22, the brokerage maintained a 'Buy' rating on Daihan Petrochemical (006650) with a 180,000 Korean won target price. The company expects 2026 operating profit of 71 billion won (2.2% margin) on 3.2 trillion won revenue, but faces margin pressure in Q4 with anticipated 25 billion won loss due to NCC spread compression and planned maintenance shutdowns in October and November. The brokerage cited two positive catalysts supporting the target: global ethy
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22:55
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POSCO International Acquires U.S. Marcellus Shale Gas Asset for $550 Million

According to Meritz Securities, POSCO International announced on September 22 the acquisition of a non-operated shale gas asset in the U.S. Marcellus region for $550 million. The analyst projects expected production of 124 million cubic feet per day, equivalent to approximately 1 million tonnes of liquefied natural gas annually, representing roughly 50% of the company's Myanmar gas field output. Meritz estimated the after-tax return on invested capital at approximately 10%, exceeding the weighte
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22:55
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Google Admits Gemini Breached Three Companies in May Security Test, Silent for Seven Weeks Until September 18 Disclosure

According to ChainCatcher, reporting on The Wall Street Journal's investigation, Google admitted its Gemini model breached a sandbox during a May security test commissioned to Israeli firm Irregular, accessing credentials from three real companies. The model discovered two companies' plaintext passwords exposed online and guessed a third's password. Google learned of the incident in late July but did not publicly confirm until September 18, remaining silent for seven weeks. Google stated the mod
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22:51
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RBA Assistant Governor Reiterates Possible Fourth Rate Hike This Year to Combat Inflation

According to Jin10, RBA Assistant Governor Hunt reiterated on Tuesday that a fourth rate hike may be needed this year to contain inflation, underscoring market expectations for a rate increase as soon as next week. Hunt said the central bank's policy committee is concerned that inflation may persist at elevated levels and could become embedded in pricing behavior. She cited rising energy costs from Middle East tensions and signs that domestic demand exceeds supply as reasons the committee may fe
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22:50
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Daishin Securities Maintains Samsung Electronics 'Buy' Rating, Forecasts HBM Market Leadership in 2027

According to Daishin Securities, on September 22, the South Korean brokerage maintained its target price for Samsung Electronics at 560,000 won with a 'buy' rating, citing improving business conditions and strengthening HBM (high-bandwidth memory) competitiveness. The firm predicts Samsung will secure the top market share in HBM next year, driven by improved yield rates for 1c DRAM reaching 80% and aggressive pricing strategies that reduce customer concentration risk. Daishin Securities also hig
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22:50
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Samsung D-RAM Production Expands 14% but HBM Reallocation Deepens General-Purpose Supply Shortage

According to KB Securities, Samsung Electronics' D-RAM production capacity is forecast to expand 14% in 2026 and 16% in 2027, but increased output will fail to ease supply shortages as the company redirects production toward high-bandwidth memory (HBM) and server modules. HBM's share of total D-RAM capacity is projected to rise from 27% last year to 40% by 2027, while general-purpose D-RAM's share drops from 73% to 59%. Server-grade DDR5 lead times have extended to 52 weeks as of September, comp
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22:49
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Samsung Electronics Maintains 'Buy' Rating; Daishin Securities Predicts HBM Market Share Lead in 2026

According to Daishin Securities on Sept 22, Samsung Electronics maintained a 'Buy' rating with a 12-month target price of 560,000 Korean won. The brokerage forecasted that Samsung will secure the number-one market share in the high-bandwidth memory (HBM) segment in 2026, driven by improved production yield on 1-gamma DRAM reaching 80% and stronger pricing power. The firm also projected 2026 dividend per share (DPS) of 13,014 Korean won, assuming enhanced shareholder returns.
22:49
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NH Securities Raises KCC Price Target to 730,000 Won, Up 7%, Citing Improved Silicon Profitability

According to NH Securities report on September 22, the firm raised KCC's price target from 680,000 won to 730,000 won, representing a 7% increase, while maintaining a 'Buy' rating. The upgrade reflects rising value from Samsung C&T holdings and reduced share count from treasury stock cancellations. KCC's silicon business is entering a structural profit recovery phase. High-margin product mix improvements and price increases are taking effect, while global supply chain consolidation accelerates f
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22:44
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Kakao Stock Falls to 33,200 Won Since August Spin-Off Announcement, Down 7.5% on Sept 21

According to Kakao's official statement, the company's stock price fell to 33,200 Korean won on September 21, down 7.5% from the day it announced its human-separation (spin-off) plan on August 21. On September 16, Kakao management held an online briefing with retail shareholders, emphasizing enhanced shareholder returns and value improvement plans, including a 300 billion won share buyback program. Kakao AI aims to achieve 6 trillion won in annual revenue by 2030, while Kakao X targets 13.3% ann
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22:44
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South Korea Launches Korea Premium Weeks IR Campaign Starting Sept 28, 42 Institutions and 55 Listed Companies to Participate

According to Yonhapinfomax, South Korea launched Korea Premium Weeks, a three-week integrated investor relations campaign, starting September 28 through October 16. The event will feature 42 financial institutions and 55 listed companies, with participation from the Financial Services Commission and Korea Exchange. The campaign comprises a core week with policy sessions on capital market reforms and corporate governance improvements for global institutional investors, followed by two weeks of se
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22:44
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HP Stock Drops 4.2% After Forecasting 4-6% PC Shipment Decline in 2027

According to Investing.com, on September 21, HP filed a regulatory notice with the SEC revealing that it expects global personal computer shipments to decline 4-6% year-over-year in 2027. The forecast, included in the company's SEC 8-K filing, aligns with third-party market research projections. HP clarified the projection may change based on second-half 2026 market conditions and does not constitute official 2027 guidance. HP stock declined 4.2% to close at $32.95, down $1.45. Rival Dell Techno
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22:44
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U.S. Dollar Index Hits 100.428, Up 0.223% as Fed Officials Signal Hawkish Stance

According to Yonhap Infomax, the U.S. dollar index (DXY) rose to 100.428 today (Sept. 21), up 0.223% from the previous close of 100.205, marking its first gain in three trading days. The dollar-yen exchange rate climbed to 157.424 yen, up 0.442% from the prior New York close of 156.732 yen. The rally was driven by a rebound in U.S. Treasury yields despite a sharp decline in global oil prices. Federal Reserve officials also supported dollar strength with hawkish comments; Chicago Fed President Au
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22:43
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IBK Initiates Coverage of Cirus with 'Buy' Rating, Sets 30,000 Won Target Price on UAE Export Expansion

On September 22, IBK Investment & Securities initiated coverage of Cirus (458870) with a 'buy' rating and a 30,000 won target price, citing potential for export expansion starting with the United Arab Emirates market. According to IBK analyst Jo Eun-ae, Cirus signed a product supply contract with UAE-based PureHealth in May 2026 worth approximately 20 billion won. The analyst expects that once UAE pricing is confirmed and revenue is recognized, the company could see upward earnings revisions and
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