Gate Crypto Flash News and Market Updates

According to South Korea's Financial Services Commission, announced today (Sept 28), online deposit intermediaries must now register as licensed businesses rather than operate under the innovation finance framework. Intermediaries must compare and recommend products from at least three financial institutions, while incentives exceeding 30,000 KRW per transaction are prohibited. Annual algorithm re-verification is mandated, with verification authority expanded from one entity (KOSCOM) to three. T

According to ChainCatcher, on September 28, RoboSense announced its high-precision, ultra-wide-angle solid-state LiDAR E2 and "thousand-line" long-range automotive-grade LiDAR EM4 have officially integrated into NVIDIA Holoscan Sensor Bridge (HSB). RoboSense becomes the first LiDAR solution partner globally to achieve mass production and delivery within NVIDIA's HSB ecosystem.

Hong Kong-listed energy stocks strengthened on September 28, with China National Offshore Oil Corporation (00883.HK) and China National Petroleum Corporation (00857.HK) both rising over 3%, while China Petrochemical Corporation (00386.HK) gained 2.2%.

According to UsePaid, X Money payment service has been temporarily suspended while the team addresses underlying payment issues. The company confirmed that existing user balances remain safe, and fees will continue to accrue during the suspension period. UsePaid announced plans to launch a web portal as a temporary fund claiming channel before full payment service restoration, committing to resume payments as quickly as possible.

According to BlockBeats, on September 28, Hong Kong-listed large language model concept stocks declined significantly. Zhipu fell over 5.6%, while Minimax dropped over 10%, according to Bitget market data.

Meta Platforms stock surged nearly 13% last week following announcements at Meta Connect 2026, where the company unveiled the Muse Charm, a pocket-sized AI device that works with its Muse AI agent to handle tasks like email, travel bookings and form-filling. Muse, launched Sept. 8, can continue operating after users close their apps. On Friday, Deutsche Bank raised its price target for Meta to $820 from $750, citing rapid user adoption of Muse compared to other recent AI applications and noting

According to investment banking sources, MBK Partners and Youngpoong jointly issued a statement on September 28 demanding the resignation of Choi Yun-beom, a director of Koryozenith Incorporated, citing capital allocation and investment decision-making failures as critical governance issues. The move marks an escalation in the two-year management control dispute that began with a public tender offer in September 2024. MBK and Youngpoong alleged that 69 billion Korean won was invested through One

According to official statement, Korean Investment Private Equity (한투PE), a subsidiary of Korean Investment Financial Group, launched a 1 trillion won investment platform on Sept 28 to accelerate infrastructure investment in AI expansion. The platform targets AI data centers (AIDC), large-scale power generation facilities, energy storage systems (ESS), and ultra-high-speed telecommunications networks. By leveraging the group's proprietary capital and co-investment commitments, 한투PE aims to accel

According to NBC News, an Iranian cruise missile struck a U.S. Navy vessel carrying Marines in the Strait of Hormuz two weeks ago, injuring eight U.S. Marines, three U.S. officials disclosed. The attack occurred while the Marines were conducting operations in the strategic waterway.

According to ChainCatcher citing Economic Daily, CPO (Co-Packaged Optics) equipment suppliers including Chih-teh, Gaoming Iron, and Dongyou reported surging demand yesterday, with order visibility extending through Q2 2027. The companies are launching expansion plans, with new capacity expected in Q4 2026 and continued ramp-up in 2027. Chih-teh received thousands of orders for linear motors from leading international CPO equipment makers and is in talks with major domestic and European customers

According to Yonhap News, South Korean financial institutions and fintech companies are accelerating infrastructure preparations for won-backed stablecoins as legislative discussions continue as of September 28. Kakao Group, including Kakao Bank and Kakao Pay, has signed memorandums of understanding with regional and global partners including Thailand's SCBX, Grab, and Binanza Factory to develop digital asset services. Kakao Pay has completed technology demonstrations enabling stablecoin storage

According to Yonhapnews, on Sept 28, Korean financial institutions and fintech companies including Kakao, Kakao Bank, and Kakao Pay are accelerating infrastructure development for Won stablecoin ahead of expected legislation. The companies signed multiple memoranda of understanding with domestic and international partners, including Thailand's SCBX and Grab, to prepare digital asset wallets, payment systems, and settlement capabilities. Kakao Pay has completed technical verification enabling sta

According to South Korea's Ministry of Trade, Industry and Energy, major retailers' sales rose 7.7% year-over-year in August, driven by early Chuseok holiday purchasing shifted from September. Department stores posted the strongest growth at 11.9%, with food gift set pre-sales up 14.5%. Large supermarkets rebounded to growth after five months, rising 4.5%, while convenience stores gained just 0.8% amid reduced outdoor activity due to extreme heat. Analysts expect the early holiday effect to cont

According to Yahoo Finance on Sept 27, rising U.S. Treasury yields reflect growing economic concerns rather than debt fears, as major companies report mounting pressures. Paycheck's management said they operate in an environment of "hiring less and firing less," while General Mills warned of sustained profit pressure from inflation in grains, diesel, and packaging costs over coming quarters. Restaurant chain Cracker Barrel reported a 6.1% decline in customer visits this week, and Olive Garden sa

According to China's National Bureau of Statistics, the petroleum refining industry turned profitable from losses in January-August 2026, achieving total profits of 56.29 billion yuan, as announced on September 28. The raw materials manufacturing sector drove growth, with profits up 47.3 percent year-over-year. Rising international crude oil and non-ferrous metal prices boosted sector performance, with chemical industry profits increasing 51.0 percent and non-ferrous metals up 82.9 percent durin

According to Yonhapinfomax, SpaceX, OpenAI, and Anthropic—collectively valued near $6 trillion—face exclusion from the S&P 500 index due to strict profitability requirements, despite qualifying for Nasdaq 100 via its fast-entry rule that expedites inclusion of companies ranking in the top 40 by market cap. The S&P 500 maintains a 12-month listing delay and cumulative GAAP profitability requirements, preventing these mega-cap AI and aerospace companies from inclusion. Meanwhile, Nasdaq 100 adopti

According to Yonhapinfomax, SpaceX, valued at approximately $2 trillion following its recent Nasdaq listing, was excluded from the S&P 500 (SPX) due to the index's strict profitability requirements, which mandate cumulative earnings over the most recent quarter and trailing four quarters. In contrast, the Nasdaq 100 (NDX) adopted a "Fast Entry" rule allowing companies ranking in the top 40 by market cap to be included within 15 trading days of IPO. OpenAI and Anthropic, each valued at $1 trillio

According to Coinglass, in the past 24 hours, the crypto market experienced $192 million in total liquidations, with long positions accounting for $96.38 million and short positions for $95.66 million. A total of 82,443 traders were liquidated during the period. The largest single liquidation occurred on Hyperliquid with an XRP-USD contract worth $3.35 million.

According to Ai 姨 monitoring (via PANews), a GNGN-associated address deposited 6,100 ETH worth $16.38 million to Coinbase 8 hours ago. The ETH was transferred from Robinhood network to Ethereum mainnet 6 days prior.

According to China's National Bureau of Statistics, the country's electronics industry profits surged 110% year-over-year from January to August 2026, accounting for 62.0% of total profits growth across large-scale industrial enterprises. Within the sector, optoelectronic device manufacturing and semiconductor discrete device manufacturing reported profit increases of 72.0% and 51.8%, respectively, driven by rising chip demand from emerging applications. Electronic materials manufacturing and el