Gate Crypto Flash News and Market Updates

According to South Korea's Financial Supervisory Service, the delinquency rate on bank loans in July reached 0.63%, the highest level since 2016, driven primarily by deteriorating corporate loan performance. The rate rose 0.07 percentage points from June and marked a sharp 0.11 percentage point increase in corporate loan delinquency specifically. Non-performing loans (NPLs) surged 82.1% to 15.18 trillion won in the first half of 2026 from 8.34 trillion won in 2022, with NPL growth outpacing loan

According to Yonhapinfomax, the combined household loan balance at South Korea's five major banks—KB Kookmin, Shinhan, Hana, Woori, and NH Nonghyup—fell to 780.2 trillion won on September 22, down 1.87 trillion won from the previous month. Mortgage loan balances decreased 0.502 trillion won, while personal credit loans fell 1.288 trillion won. If the downward trend continues through September month-end, it will mark the first decline in six months since March.

According to South Korea's Financial Supervisory Service data reported by Yonhapinfomax on September 27, the five major banks' (KB Kookmin, Shinhan, Hana, Woori, and NH Nonghyup) average overdraft account rates re-entered 5% territory in July, reaching 5.01% based on new origination rates. The last time rates exceeded 5% was January 2025 at 5.24%. Among the banks, Hana Bank posted the highest rate at 5.32%, followed by Woori Bank at 5.10% and Shinhan Bank at 5.09%. Overdraft account balances sur

According to exchange data compiled by Digital Asset, several cryptocurrencies posted significant gains on Sept 27 morning. AMP jumped 101.34% to 1.199 Korean won on Coinone with 23-hour volatility reaching 118.14%, while EDGE (Dfinity) climbed 48.87% to 198 Korean won on Upbit with 57.14% volatility and trading volume of approximately 49.1 billion Korean won over the same period.

According to the CFTC, on September 24, the agency updated its crypto asset FAQ to permit futures commission merchants to invest client funds in licensed tokenized assets, provided the assets grant holders equivalent legal and economic rights to traditional forms and are held in compliant custody institutions. The updated guidance also allows regulatory records to be maintained on blockchain without requiring separate off-chain copies. However, stablecoins remain prohibited as investment vehicle

According to Yonhap Infomax, the World Federation of Exchanges (WFE) on September 27 formally backed 24-hour trading for U.S. stock markets. WFE CEO Nandini Sukumar sent an official letter to SEC Chair Paul Atkins supporting the extended trading schedule, noting that extended hours would improve market access, particularly for Asian investors, and bring unregulated overnight trading into supervised venues to protect investors. The U.S. Securities and Exchange Commission approved extending ticker

According to Bloomberg, smart ring maker Oura filed for IPO with the U.S. Securities and Exchange Commission on September 3, targeting a valuation of up to $16 billion—approximately four times the $4.1 billion valuation Fitbit received at its 2015 IPO. The South Korean company markets itself as a "health intelligence platform" rather than a device manufacturer. In the first half of 2026, device sales accounted for 80% of Oura's $1.22 billion total revenue but grew 65% year-over-year, while subsc

Four South Korean companies plan initial public offerings in early October. MSBio, which develops biomedical products for tissue reconstruction, targets October 12-13 for retail subscription with a proposed price band of 6,800-7,800 Korean won and planned fundraising of 27.2-31.2 billion won. DTS, a heat exchanger manufacturer, will conduct institutional investor demand surveys from October 1-8 with expected fundraising of 37.9-41.2 billion won. Melkon, a semiconductor equipment systems supplier

According to Hankyung Premium 9, Woori Asset Management's 'WON Semiconductor Value Chain Active ETF' delivered a 191.4% return in the first half of 2026, ranking first among domestic active semiconductor ETFs. Fund manager Lee Ho-seok, head of the firm's equity management team, attributed the strong performance to the semiconductor cycle remaining 'on track' despite global macroeconomic uncertainties.

According to the Korea Exchange (KRX) and KOSCOM, foreign investors and retail traders pursued opposite strategies in South Korea's leveraged and inverse ETFs during September 1-23. Foreign investors made their largest net purchase of KODEX Leverage ETF at 214.4 billion won, which tracks the KOSPI 200 index movements at 2x daily. Retail investors, meanwhile, focused on KODEX 200 Inverse 2X at 121.7 billion won, which moves inversely at -2x to the benchmark. By late September, KODEX Leverage gain

This week, BigWave Robotics and Brills are listing on KOSDAQ, following record demand in public offerings. BigWave Robotics posted a subscription competition ratio of 1,375.34:1 with institutional demand reaching 1,109.37:1, while Brills saw competition of 1,676.26:1 and institutional interest of 1,187.74:1. Both robotics automation companies set their offer prices at the upper end of guidance ranges. Global Technology and Ducksan Nepcore also list on KOSDAQ this week (September 29-30), while Me

According to Newsis, Bitcoin rebounded to 86,000 on September 22, marking its highest level in eight months, as it recovered from 110 million Korean won (approximately 84,000 USD) earlier in the week. The recovery was supported by strong institutional capital inflows, with Bitcoin spot ETFs recording a single-day net inflow of 998.9 million USD, the largest in-flow of the year. Market analysts attributed the rally to easing macro concerns, regulatory clarity from U.S. authorities including SEC a

According to Barron's citing SEC filings, Berkshire Hathaway increased its stake in Lennar (LEN-US), the second-largest U.S. homebuilder, to approximately 11% this week. The company purchased nearly 1.7 million additional shares at an average price of about $81 per share on September 24-25, bringing its total holdings to approximately 26 million shares with a market value of $2.1 billion. Berkshire previously acquired 2.6 million Lennar shares on September 17-21, crossing the 10% ownership thres

According to Onchain Lens, Hyperliquid repurchased and burned 10,400 HYPE tokens in the past 24 hours at a volume-weighted average price of $91.97, valued at approximately $956,800. Cumulatively, Hyperliquid has destroyed 48.96 million HYPE tokens worth approximately $4.48 billion, representing 4.90% of maximum supply. The protocol generated $58.27 million in revenue over the past 30 days.

Sui announced that CME Group's micro futures now cover SUI and Sui ecosystem DeFi, according to Sui's X post today. The micro futures product provides the same risk management tools traditionally used in traditional commodity markets to crypto and DeFi traders.

According to Korea Exchange, during the five trading days from September 16 to 23, KOSPI recovered above 7,000 but saw more declining stocks than advancing stocks each day. On September 16, while KOSPI rose 1.37%, declining stocks numbered 578 compared to 304 advancing stocks. On September 18, despite a 2.66% surge, KOSPI still had 465 declining stocks versus 407 advancing stocks. By September 23, KOSPI closed at 7,080.92 (up 0.90%), but declining stocks totaled 548 against 311 advancing stocks.

According to ChainCatcher, SEC Commissioner Hester Peirce announced her resignation effective October 2. Peirce, widely known as "Crypto Mom" for her advocacy of clear crypto regulations, will join Regent University School of Law as an associate professor. Following her departure, the SEC will have two remaining commissioners, Atkins and Mark Uyeda, which constitutes a legal quorum. On the same day, the SEC released a frequently asked questions document on crypto assets, addressing how issuers c

According to CEO and co-founder Paul Frambot, Morpho discovered on Sept. 26 that an unauthorized post about DeFi curator economics was published from its official X account. The message originated from a third-party AI marketing tool and was neither written nor approved by the project team. Morpho removed the post shortly after it went live and immediately revoked the third party's account access. The team is still investigating the incident.

According to Fidelity's Director of Global Macro Jurrien Timmer, Bitcoin could reach $300,000 by 2029 based on a power-law model he has refined over years, representing approximately a 3.5x jump from current levels near $84,000. Timmer's thesis rests on two signals: Bitcoin held above $60,000 for nearly a year, creating what he views as a proper consolidation period before major upward moves, and the 52-week Z-score of the BTC/gold ratio has turned positive, a metric that has historically signal

According to Text Arena leaderboard, Anthropic's Claude Opus 5.5 ranked number one on the crowdsourced AI evaluation platform with a score of 1509 plus or minus 12 points within three days of its September 22, 2026 launch. The model achieved the highest ranking among text-to-text models evaluated through community voting on tasks including math, coding, and creative writing. Opus 5.5 is priced at $4 per million input tokens and $20 per million output tokens, representing a 20% cost reduction ver