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.
Today
01:51
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Bank of Korea's Forex Interventions Decline 29% in Q2 Despite Won-Dollar Rate Hitting 17-Year High of 1,561 KRW

According to the Bank of Korea, foreign exchange authorities sold $9.612 billion net in the second quarter, down 29% from the previous quarter, even as the won-dollar rate hit a 17-year high of 1,561 won in early June. The won-dollar exchange rate rose 1.26% from end-March to end-June, tracking closely with the dollar index's 1.27% gain over the same period, suggesting the currency movement reflected broader global trends rather than excessive won weakness.
01:51
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RBA Assesses Private Credit Market, Finds No Systemic Financial Stability Risk

According to the Reserve Bank of Australia's half-yearly Financial Stability Assessment released on Thursday, October 1, the RBA downplayed concerns from the recent collapse of a major real estate developer, stating that the company and private credit lenders do not currently pose systemic financial stability risks. The RBA noted that while the private credit market has grown in recent years, its relatively small size and structural characteristics mean it does not constitute a systemic threat.
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01:49
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Dongkook Pharm Forecasts Cosmetics Exports of 120-140 Billion Won in 2026, Up 4-4.7x from 2025

According to LS Securities on October 1, Dongkook Pharm (stock: 086450) forecasted cosmetics exports of 120-140 billion won in 2026, up 4-4.7 times from 30 billion won in 2025. First-half exports reached 53-54 billion won, with larger quarterly volumes expected in the second half. The growth is driven by expanded online sales through Amazon and TikTok in the U.S., Japan, and China, with offline distribution expansion anticipated from 2026 onward. The company's functional cosmetic MadeKa Cream co
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01:49
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Korea Investment & Securities Holds AI Infrastructure Financing Briefing, 480+ Participants Attend

According to Digital Daily, Korea Investment & Securities held briefing sessions on September 30 and October 1 to present data center project financing and GPU financing structures. The two events attracted over 480 participants, including data center developers, domestic cloud providers, major corporations, banks, institutional investors, asset managers, and construction firms. The briefings covered the industry's shift toward AI factories, data center financing structures, overseas funding mod
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01:49
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Zeya Health Acquires ConnectLah as Revenue Surges 15x Over Past Year

According to an announcement from Zeya Health, the Singapore-based healthcare software startup has acquired ConnectLah, a clinic automation company. The acquisition integrates ConnectLah's product and technology into Zeya's AI-powered healthcare platform. Zeya reported that revenue grew 15x over the past year and currently serves healthcare providers across Singapore, Malaysia, Australia, Indonesia, Vietnam, and Cambodia. The company has also secured US$575,000 to support Asia-Pacific expansion,
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01:48
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Australian Corporate Lending Outpaces Expectations in August, Commonwealth Bank and ANZ Lead with 28% and 15% Market Share

According to UBS analysts reported by Jin10, Australian corporate lending in August demonstrated resilience exceeding market expectations, with growth rates surpassing housing loans despite macroeconomic uncertainties. Among major banks, Commonwealth Bank of Australia and Australia and New Zealand Banking Group (ANZ) led corporate lending activity, capturing 28% and 15% of new lending flows respectively. Regional banks showed even stronger momentum, growing corporate lending at rates exceeding t
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01:44
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LG Electronics' Q3 Operating Profit Forecast to Jump 36.7% Year-over-Year to 1.06 Trillion Won

According to multiple securities firms, LG Electronics' third-quarter operating profit is estimated to reach 1.06 trillion won, up 36.7% year-over-year, despite headwinds including won appreciation and rising logistics costs. Revenue is projected at 24.6 trillion won. The result reflects improved product mix in appliances and electric vehicle components, alongside steady profitability in media operations. Long-term, brokerages expect LG to transition into a physical AI enterprise, with partnersh
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01:44
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Researchers Propose Shielded Bitcoin Privacy Protocol Using Zero-Knowledge Proofs, September 30

According to Bitcoin Magazine, on September 30, researchers led by Misha Komarov, co-founder of alloc/init, proposed Shielded Bitcoin, a zero-knowledge privacy protocol designed to hide Bitcoin transaction senders, receivers, and amounts without requiring a network soft fork. The proposal leverages Bitcoin PIPEs (Programmable Input/Output Elements) to enable private transactions without custodians, bridges, or modifications to Bitcoin's core protocol. Komarov noted the proposal is a research con
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01:43
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South Korea's Mandatory Public Tender Offer Bill Held for Review as 18 Asset Managers Oppose

According to South Korea's National Assembly, the Capital Markets Act amendment on mandatory public tender offers was held for further review today (Oct 1), following opposition from 18 domestic and foreign asset managers. Yesterday, the investment firms released a joint statement urging lawmakers to reconsider the current proposal, citing concerns that it fails to protect minority shareholders. The amendment would allow acquirers to purchase majority shareholder stakes before conducting public
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01:43
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ElevenLabs Completes $300M Employee Tender Offer, Valuation Reaches $22 Billion on September 30

According to Reuters, ElevenLabs, a London-based AI voice tools startup, completed a $300 million employee tender offer on September 30, valuing the company at $22 billion. The secondary deal was led by Wellington and T. Rowe Price, with participation from existing backers Andreessen Horowitz and Lightspeed, alongside new investors EQT and Goldman Sachs. ElevenLabs said its AI agents now handle more than 15 million conversations weekly, up 3x from February. The company reported $500 million in a
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01:37
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South Korean Steel Stocks Surge 23% on Trump's Alaska LNG Announcement, but Korea Cautions Project Unconfirmed

South Korean steel stocks surged on October 1 after President Trump announced a potential $200 billion Korean investment in the U.S., including an Alaska liquefied natural gas pipeline project worth an estimated $50 billion. Daihan Steel jumped 23.3% at one point, while other steelmakers gained 4-8%. However, South Korea's government cautioned that no investment decision has been finalized. The country confirmed a Texas power plant project but said Alaska LNG would undergo additional commercial
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01:37
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KOSPI Falls 19.33% in Q3 2026 as Semiconductors, Securities Tumble; Shipping and Energy Rally

According to the Korean Exchange, KOSPI declined 19.33% in the third quarter of 2026, sliding from around 8,400 to 6,800 points. The market saw stark divergence across sectors, with those that led in the first half facing sharp corrections. Electronics—home to semiconductor stocks that drove early-year gains—plummeted 24.64%, while securities stocks fell roughly 20% on reduced trading volumes. Distribution stocks also retreated over 21%. In contrast, shipping and aviation stocks rallied 10.90%,
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01:37
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South Korea's FSC Mandates IPO Research Reports for 3 Years, Expands Small-Cap Coverage

According to South Korea's Financial Services Commission on October 1, the regulator unveiled new measures to improve independence and credibility of securities research reports. The FSC will require major investment banks to expand IPO-related research publication from mandatory twice annually for one year to twice annually over three years, aiming to address the sector's chronic bias toward buy ratings. The agency will also mandate large brokerages to increase small-cap research coverage, with
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01:33
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Crypto Market Sees $267M in Liquidations Over Past 24 Hours, with $134M in Longs and Shorts Each

According to ChainCatcher, citing Coinglass data, the crypto market recorded $267 million in liquidations over the past 24 hours (September 30–October 1), equally split between $134 million in long liquidations and $134 million in short liquidations. Bitcoin long liquidations totaled $34.04 million while short liquidations reached $59.94 million, while Ethereum saw $30.24 million in long liquidations and $25 million in short liquidations. Over the same 24-hour period, approximately 75,995 trader
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01:31
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Juseong Engineering Breaks Through 11 Trillion Won Valuation, Surges 1.72% Intraday

According to Money Today, Juseong Engineering surged 4,000 won (1.72%) to 236,500 won on the Kosdaq market by 10:20 AM on October 1, briefly reaching 238,500 won and breaking through an 11 trillion won market capitalization. The move elevated the semiconductor equipment supplier to South Korea's second-largest listed company by market cap, ahead of Ecopro. The rally reflects investor optimism over potential capacity expansion by Juseong's primary customers SK Hynix and China's CXMT amid tight se
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