Gate Crypto Flash News and Market Updates

Federal Reserve Vice Chair Neel Kashkari expressed a bullish outlook on artificial intelligence while noting concerns about its potential connection to U.S. inflation risks, according to recent remarks.

According to South Korea's Ministry of Industry, Trade and Energy, the country's trade surplus with the United States reached $67.4 billion through August 2026, nearly doubling the 2025 full-year surplus of $49.5 billion, Minister Kim Jung-gwan said on September 22. The U.S. has escalated trade pressure beyond tariffs to import restrictions, with the country set to ban imports of Canadian autos, dairy, and alcohol starting September 29. Minister Kim indicated that further trade pressure could ex

According to President Trump's Truth Social post on September 30, Trump called for Federal Reserve Board Governor Jerome Powell to resign, citing management failures in the central bank's $2.4 billion headquarters renovation project. The Federal Reserve's Office of Inspector General (OIG) reported that while no criminal or administrative violations occurred in the project, the Fed's cost management and project oversight were deficient. Trump stated that Powell "cannot manage a building" and shou

On September 30, U.S. 10-year Treasury yields rose 4.87 basis points to 5.2849%, breaking above the 5.3% level for the first time since Q2 2007. In September alone, the benchmark yield gained 53.49 basis points, with third-quarter cumulative gains reaching 81.97 basis points. The yield is now approaching the 2000 Q3 peak of 6.1820%. Two-year Treasury yields climbed to 4.8870%, rising 1.05 basis points on the day. September brought a gain of 54.54 basis points, while third-quarter cumulative gain

According to FactSet data, as of September 30, the S&P 500 fell just 0.5% in September, but 15 of its component stocks plunged over 20%, with Fair Isaac (FICO-US) leading declines at approximately 47.2%. About 78% of index components declined during the month, revealing significant divergence between index-level performance and individual stock weakness. Fair Isaac's sharp decline was driven by a September 29 announcement from the Federal Housing Finance Agency (FHFA) that Vantage Score credit d

According to Lunar's confirmation on Wednesday, CEO Søren Kyhl has resigned after just four months in the role, with the Nordic digital bank's goal of reaching profitability in 2026 now out of reach. Kyhl, who joined on June 1, said his review of the business convinced him that different leadership was required. Chief Operating Officer Gitte Roskær and Chief Financial Officer Robert Stambro have been named interim co-CEOs while the board searches for a permanent replacement. Lunar's latest finan

According to Strike, acquiring one Bitcoin required just 1.5 days of work in 2015, whereas by 2025, the labor cost has surged to over a year's salary. Strike highlighted this stark increase in a recent tweet, drawing attention to Bitcoin's rising accessibility challenges as the asset has matured over the past decade.

According to KB Securities, South Korea's initial public offering market is accelerating into the final quarter of 2026, with 22 companies planning listings by year-end as of September 30. The pipeline is dominated by artificial intelligence and robotics firms, signaling renewed investor appetite after a slowdown in earlier months. Elicer Group, an AI cloud service provider, has emerged as the most closely watched candidate, targeting a market valuation of approximately 1 trillion Korean won at

According to NH Investment Securities, on October 1, the firm maintained its 3.4 million Korean won price target and 'buy' rating for SK Hynix, citing strong memory demand in the artificial intelligence era. The company's Q3 revenue is expected to reach 93.2 trillion won, up 281.2% year-over-year, with operating profit surging 538.6% to 72.7 trillion won. NH Investment analyst Ryu Young-ho noted that demand for high-bandwidth memory (HBM) and rising AI adoption are driving broader memory sector

According to Guru Club, on September 30, Bitcoin hit $85,170.7, up 1.04% in the past 24 hours. Meanwhile, Ethereum fell to $2,734.88, down 0.07% over the same period.

According to Financial Times, ElevenLabs' valuation doubled to $22 billion on September 30 following a secondary share sale. The London-based AI voice startup's existing investors and employees sold $300 million in shares in a transaction led by Wellington Management and Parnassus Investment Company. The valuation increase positions ElevenLabs alongside French AI startup Mistral, which completed a 3 billion euro funding round at a 21 billion euro valuation earlier this month.

According to Guru Club, U.S. Senate Republicans formally introduced a cryptocurrency tax bill on October 1. The proposal aims to establish a framework for taxing digital asset transactions, marking an official legislative effort by the Republican caucus to address crypto taxation.

According to Russian Foreign Ministry spokesperson Zakharova, on September 30, Russia expressed willingness to deepen cooperation between the legislative institutions of Russia and China. Zakharova stated that inter-parliamentary exchanges are a key pillar of Russia-China relations, noting that both nations maintain high-level communication and frequent reciprocal visits by legislative leaders.

The world's largest silver ETF, iShares Silver Trust, saw its holdings decline by 43.54 tonnes compared to the previous day, bringing its current position to 15,352 tonnes.

According to Guru Club, the U.S. Senate data center bill fell short on Wednesday, receiving 57 votes in favor and 43 against, failing to reach the 60-vote threshold needed to advance. The Republican-backed legislation, which aims to prevent new data centers from raising residential electricity costs, gained support from only 4 Democratic senators. Senate Majority Leader Chuck Schumer criticized the bill as "political theater," arguing it contains only voluntary standards rather than requiring re

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