Gate Crypto Flash News and Market Updates

According to Federal Reserve Board member Lisa Cook, on October 1, U.S. inflation remains above the Fed's 2% target for over five years. She supported the 25 basis point rate hike approved in September and expressed commitment to restoring price stability while maintaining a strong labor market. Cook highlighted rural labor market conditions, noting approximately 20 million rural workers comprise about one-eighth of total U.S. employment. While rural unemployment rates are close to the national

According to Goldman Sachs, the investment firm recently pushed back expectations for the Federal Reserve's next interest rate increase from October to December, citing moderating economic data and bond market volatility. New York Federal Reserve President John Williams stated that one additional rate hike this year may be sufficient if the economy develops as expected, adding that there is "no urgency to act" following September's increase. Following Williams' comments, market pricing for an Oc

Eli Lilly announced that Foundayo (orforglipron) met the primary endpoint of cardiovascular non-inferiority versus insulin glargine in the Phase 3 ACHIEVE-4 trial in adults with type 2 diabetes. Foundayo reduced MACE-4 risk by 16% and cut cardiovascular death risk by 53% and all-cause death risk by 57% versus the insulin comparator. After 52 weeks of treatment, Foundayo reduced A1C by 1.6% and body weight by 8.8%, while insulin glargine increased body weight by 1.7%.

Federal Reserve official Neel Kashkari projected on September 30 that the Fed will raise interest rates once more in 2026 and once again in 2027.

On September 30, U.S. stock indices closed with mixed results as concerns over rising long-term Treasury yields offset optimistic inflation data. The Dow Jones fell 443.87 points (0.86%) to 50,906.05, while the S&P 500 declined 19.30 points (0.25%) to 7,651.54. The Nasdaq rose 63.52 points (0.24%) to 26,861.06. August's core PCE inflation came in at 0.2% month-over-month, below expectations and boosting hopes for a lower probability of Federal Reserve rate hikes in October, which market pricing

According to Investing.com, South Korea's KOSPI index has fallen to second place year-to-date, with a cumulative gain of 62.26% as of September 30, trailing Taiwan's Taiex index at 66.29%. The gap between the two indices widened to 4.03 percentage points after KOSPI briefly led global markets earlier this year. Over the past month, KOSPI gained only 0.26%, ranking 12th among major indices, underperforming the U.S. Nasdaq (up 1.62%) and Japan's Nikkei (up 0.88%). Financial Times reported that KOS

According to the Financial Investment Association of Korea, as of September 28, South Korea's ETF market contracted to 459.2 trillion won from its June 22 peak of 533.2 trillion won, driven by single-stock leverage and inverse products introduced in May. The market fell to 398 trillion won in late July before rebounding slightly. Industry experts propose focusing on long-term investment culture and portfolio diversification, similar to BlackRock's U.S. model. Kim Jin-young, head of global resear

According to Mirae Asset Securities, the South Korean brokerage assigned a buy rating to LIG D&A (LIG Defense and Aerospace) on September 30 with a target price of 1.12 million KRW per share. The brokerage highlighted that LIG D&A's guided-weapons systems, which demonstrated superior performance during U.S.-Iran military operations, are expanding from the Middle East into Southeast Asia and Europe. Demand drivers include orders from neighboring Middle Eastern countries such as Qatar and Kuwait,

According to E-Daily, Brils, a robot modularization platform company, listed on South Korea's KOSDAQ market today (September 1) with an IPO price of 19,500 KRW per share and total raised capital of 23.4 billion KRW. The offering saw a subscription rate of 1,676.26 times from retail investors and 1,187.74 times from institutional investors, with 98.93% of institutions bidding at or above the upper end of the guidance range. Brils reported consolidated sales of 13.66 billion KRW and operating prof

According to News1, Korea's second National Growth Fund saw only 214 billion won, or 35.7% of its 600 billion won target, sold on its first day on Sept 30, a sharp contrast to the first fund's nearly 90% first-day sales. The lukewarm reception reflects investor concerns over the first fund's modest 0.71% average return since its launch in June. After accounting for the government's loss absorption benefit of up to 20%, the actual returns have underperformed compared to the broader market decline

According to multiple Wall Street investment banks, the Russell 2000 index underperformed the S&P 500 by more than 9 percentage points during the third quarter of 2026, marking the worst quarterly gap since Q1 2020. Despite the Q3 decline, small-cap stocks remain up over 13% year-to-date. Strategists at CFRA attribute the underperformance to rising interest rates, which disproportionately burden smaller companies that rely more heavily on debt financing for business expansion. However, Wall Stre

According to CEO Dave Limp on Tuesday, Sept. 29, Blue Origin's first-ever outside capital raise is oversubscribed and not yet closed. The Wall Street Journal reported last week that the company has already raised $10 billion at a valuation of $140 billion. Jeff Bezos contributed $2 billion to the current round and has invested a total of $30 billion in Blue Origin since its founding in 2000.

Gate News message, Circle has minted an additional 250 million USDC on Solana. This brings the total USDC minting activity to 750 million USDC over the past 24 hours. Circle has minted approximately $98.8 billion USDC on Solana in 2026. Address: 7VHUFJHWu2CuExkJcJrzhQPJ2oygupTWkL2A2For4BmE

According to CME Fed Watch, the Federal Reserve is expected to hold rates steady in October with a 61.8% probability, while a 25 basis point rate hike carries a 38.2% probability. For December, the probability of maintaining unchanged rates drops to 13.3%, with markets pricing in a 56.7% chance of a cumulative 25 basis point increase and a 30% probability of a 50 basis point cumulative hike.

According to the Financial Supervisory Service, foreign investors from nine European countries held 702 trillion won in Korean stocks as of end of August 2026, surging 137.2% year-over-year and outpacing the KOSPI's 114.1% gain. The rally in Samsung Electronics and SK Hynix shares forced rebalancing across European asset manager portfolios that had hit country and stock concentration limits, with some attempting proxy investments but finding internal compliance thresholds blocked their access. K

According to ChainCatcher, Nvidia, Meta and other AI giants questioned Anthropic CEO Dario Amodei's stance on artificial intelligence risks during a White House meeting with President Trump. Amodei responded that the industry needs to be transparent about AI model capabilities and potential risks. The discussion touched on efforts to advance industry self-regulation mechanisms.

According to CryptoTwitter commentator @SolanaFloor, over 20,000 Solana wallets linked to TradeWizBot users were compromised today, resulting in losses totaling $438,900. The security breach raises concerns about wallet security and user trust on the Solana network.

According to Anza research, Solana's SIMD-0675 proposal aims to optimize block production by leveraging validators' self-reported geographic locations under Alpenglow. Simulations show the approach reduced average handover latency from 36.2 milliseconds to 17 milliseconds, a 53% improvement that could enhance network efficiency and transaction throughput.

DogeOS opened its public testnet for Dogecoin on September 30, per its press release. The testnet is an EVM-compatible application layer running on a zkVM, where fees are paid in DOGE, the native coin of the Dogecoin network. Five project teams are already building on the platform, including Superposition Finance (a lending protocol), Derps (a perpetual exchange), USDoge (a CDP stablecoin), Snag (a prediction market aggregator), and PlaysOut (a mini-game publisher). DogeOS founder and CEO Jordan

According to Base, the platform officially launched its Cobalt network upgrade, introducing Validity Transactions and B20 features to enhance network efficiency and usability. This is Base's third major upgrade in 2026, aimed at improving developer tools and streamlining operations on the platform.