Gate Crypto Flash News and Market Updates

According to data presented by ruling party lawmaker Ahn Sang-hoon on October 8, South Korean securities firms and asset managers took internal protective measures ahead of launching single-stock leveraged ETFs on May 27, 2026. Samsung Securities issued a directive prohibiting private bankers from recommending the product, with penalties for violations. Samsung Asset Management cancelled customer education events on May 21, and both Korea Investment Securities and Mirae Asset Securities halted r

According to Korea Securities Depository data, equity-linked securities (ELS) issuance in South Korea surged to 7.6 trillion Korean won in the third quarter of 2026, up 32.6% compared to the same period last year. The increase reflects investor interest as the stock market consolidates after a sharp rally earlier in the year. Recent ELS products increasingly use semiconductor stocks, particularly Samsung Electronics and SK Hynix, as underlying assets. Analysts warn that while ELS products offer

According to Kiwoom Securities, on October 8, the brokerage raised DreamTek's price target from 7,000 KRW to 12,000 KRW and maintained a 'buy' rating. Analyst Oh Hyun-jin cited the company's expanding memory module business as the driver for the upgrade. Kiwoom forecasts DreamTek's annual memory module production capacity will expand from the current 200 billion KRW to over 400 billion KRW by 2027, supported by additional production facility investments planned for the first quarter of 2027 and

According to Saudi civil aviation authorities, on October 8, Houthi-launched missiles struck Saudi airports, resulting in 3 deaths and 36 injuries. The Yemen-based group claimed responsibility for attacks on King Khalid International Airport and other targets. In response, the Saudi-led coalition conducted retaliatory strikes on 82 Houthi military targets, including 11 ballistic missile sites in Saada. A Houthi spokesman reported 156 Saudi airstrikes and missile attacks in the preceding 24 hours

According to the Financial Supervisory Commission, South Korea's 10 major financial holding companies reported consolidated net profit of 17.6 trillion won in the first half of 2026, up 13.7% from 15.4 trillion won in the same period last year. By sector, financial investment profit surged 72.8% to drive growth, while banking profit declined 7.9%. Securities brokerage, forex, and fee-related income expanded significantly amid favorable stock market conditions and heightened currency and interest

U.S. Secretary of State Marco Rubio warned in Athens recently that the West faces decline due to military weakening and sovereignty ceded to global institutions. Rubio outlined America's commitment to national power, including reclaiming supply chain control, pursuing economic reindustrialization, rebuilding defense capabilities, and competing for technological dominance in emerging fields.

On Wednesday (October 7), U.S. stock index futures closed lower in New York's final session. S&P 500 futures fell 0.27%, Dow futures dropped 0.71%, and Nasdaq-100 futures declined 0.21%. Russell 2000 futures saw a larger decline of 1.25%.

According to South Korean police data cited by National Assembly lawmakers, the KOK Coin multilevel fraud case has remained unresolved after nearly two years of trial as of October 8. The case involves Medium Foundation's former chairman Kim and six associates accused of deceiving 570,000+ victims and soliciting approximately 2.5 trillion won (approximately $1.9 billion USD) between 2019 and 2023 through false promises of cryptocurrency returns and platform utility. Kim was released on bail desp

On Wednesday (October 7), offshore Chinese yuan (CNH) closed at 6.7026 against the US dollar, down 11 pips from Tuesday's close. The currency traded within a range of 6.7005-6.7099 throughout the day.

According to Investment Banking sources, Shinsegae Property announced on October 7 plans to issue 1 trillion won (approximately $700 million) in private company bonds through Meritz Securities. The proceeds will fund the company's participation in a Warner Bros acquisition alongside U.S. investment firm Redbird Capital Partners, with a total planned investment of $1 billion in the Paramount-Skydance and Warner Bros Discovery merger transaction.

According to Korea Exchange, the first delisting case under the penny stock rule—requiring stocks priced below 1,000 Korean won to recover above that threshold for 45 consecutive trading days within 90 days—is expected to occur in mid-October. The timing coincides with regulatory scrutiny: Seoul Southern District Court recently halted delisting decisions under the similar market-cap-based requirement, citing concerns over lack of objection procedures and proportionality. Penny stock rule shares

According to Yonhapinfomax, on October 7, all three major U.S. stock indices closed lower as turmoil in French government bond markets transmitted to Wall Street. The Dow Jones Industrial Average fell 341.41 points (0.66%) to 51,179.87, the S&P 500 declined 17.16 points (0.22%) to 7,801.77, and the Nasdaq Composite dropped 61.20 points (0.22%) to 27,538.69. French 10-year bond yields surged 13.70 basis points to 4.891%, reversing previous day's decline and triggering a ripple effect. U.S. 10-yea

According to Ethereum Foundation researcher @drakefjustin, AI advancements could compromise crypto wallet cryptography within months, potentially posing a threat before quantum computers emerge as a risk. The researcher recently urged the crypto industry to adopt proactive security measures to safeguard digital assets against this emerging threat.

On October 6, Ripple Prime announced an agreement with Brevan Howard, a $35 billion alternative investment manager, to provide multi-asset prime brokerage, clearing and financing services across traditional and digital asset markets through a single platform. The mandate deepens the relationship beyond Ripple's previous investment backing, moving its institutional infrastructure directly into Brevan Howard's trading, financing and clearing operations. Ripple Prime's client base includes sovereig

According to bitcoinist, Russia's Bank of Russia framework for registering cryptocurrency exchanges and digital depositories took effect on October 5, with the regulator admitting firms to the new market structure. VTB and Sberbank have been added to the registers, alongside specialist operators including Zefir, Sistema Crypto, and T-Invest Lab. Domestic use of cryptocurrency as payment for goods and services remains prohibited, but the regulated trading and custody infrastructure is now operati

On Wednesday (October 7), spot gold fell 1.33% to $4,108.72 per ounce, declining throughout Asian and U.S. trading sessions. The metal briefly dipped to a daily low of $4,066.59 around 20:51 Beijing time. Spot silver declined 2.53% to $59.79 per ounce, while COMEX copper futures fell 0.19% to $6.64 per pound. Gold mining indices also weakened, with the NYSE ARCA Gold Miners Index down 2.61% to 2,455.91 points.

According to Bitcoin News, Lightspark has launched dotMoney, a prototype enabling users to send test funds via shared links, .money files, or direct iPhone-to-iPhone transfers. Files can be shared through AirDrop, messaging apps, or USB storage, with underlying transfers processed via Spark. Each file can be claimed only once; copying or forwarding does not create duplicate funds. Senders can cancel unclaimed payments. The prototype currently uses non-monetary test funds, and Lightspark is also

According to MSCI, the MSCI Emerging Markets Index declined 1% on October 7. The Developing Markets Foreign Exchange Index fell 0.05% during the same period.

According to ChainCatcher, Circle has partnered with SAP-backed financial services company Tereina to integrate USDC and EURC stablecoins into enterprise payment workflows. Enterprises using SAP financial software will be able to send and receive both stablecoins directly within their payment management applications, with USDC serving as the default for dollar-denominated transactions and EURC for euro-denominated payments. Tereina provides embedded payment infrastructure that enables companies

According to the National Hurricane Center, Hurricane Isaias is rapidly strengthening and is forecast to become a hurricane by Thursday morning.