Gate Cryptocurrency News and Market Analysis

Peptron's stock plummeted 28.18% to 93,800 won on the 7th as the platform technology evaluation period with global pharmaceutical company Eli Lilly ended without resulting in a commercialization contract. The SmartDepot platform evaluation, which began in December 2025, concluded on the 7th with Pep

Federal prosecutors on Monday cited a Sept. 25 appeals court ruling involving cryptocurrency mixer Bitcoin Fog as supplemental authority in their opposition to Tornado Cash developer Roman Storm's acquittal motion. The Department of Justice argued that the D.C. Circuit's decision affirming Bitcoin F

HLB Group stocks rallied following developments in the FDA review process for liver cancer drug Rivoceranib. HLB closed at 46,000 won on October 7, down 2.95% after a 17% surge the previous day, while multiple subsidiaries posted gains including HLB Pharmaceutical hitting the daily limit and HLB

The ICC Russia Crypto & Trade Finance conference will take place on October 20 in Moscow. The event will address the use of cryptocurrencies, stablecoins, the digital ruble, and new technological solutions in international settlements and trade finance. ICC Russia is the organizer, and the business program will be opened by the organization’s Secretary General, Tatyana Monegan. Discussion Topics The first part of the conference will focus on digital asset regulation and currency control issues.

AMD CEO Lisa Su emphasized the critical importance of close partnerships with memory suppliers Samsung Electronics and SK Hynix during her visit to Seoul on October 7, calling semiconductors a 'team sport.' Su, who returned to Korea after a 7-month absence, stated that building a robust long-term su

Only 10.2% of Youth Leap Account holders switched to the Lee government's Youth Future Savings product during the 1st enrollment period, according to data submitted to National Assembly member Choi Eun-seok on the 7th by the Korea Financial Services Commission. Out of 2.554 million existing Youth Le

South Korea's Financial Supervisory Service (FSS) held a meeting on the 7th with internal auditors from 21 securities firms, criticizing repeated violations of basic regulations including false information in product descriptions and unauthorized use of personal mobile phones for sales activities. F

SNT Holdings disclosed on the 7th that its investment in SMEC began as passive investment without management participation intent, later shifting to management participation due to management-side stake expansion and performance deterioration. The company started investing in SMEC in April last

Crypto market analyst Jamie Coutts stated on Oct. 7 that the top 200 crypto assets by market capitalization have risen just 5% since October 2021, effectively stagnant over a five-year period. The underperformance stems from new supply outpacing demand during that timeframe. Coutts noted that

Robinhood added $25 million worth of bitcoin to its balance sheet as the trading platform deepens its crypto push. Johann Kerbrat, Robinhood's senior vice president and general manager of crypto and international, stated in an exclusive interview on The Starting Block on Wednesday that the

South Korean stock indices KOSPI and KOSDAQ both fell nearly 2% on the 7th as foreign investors net sold over 3 trillion won in the securities market. The decline was driven by profit-taking in semiconductor stocks, which had recently rallied, combined with cautious sentiment ahead of quarterly

Five major Korean securities firms are expected to report combined third-quarter net profit of 1.2704 trillion won, a 72.07% decline from the previous quarter, according to FnGuide data as of a specific date. The sharp earnings drop follows a steep decline in stock market trading volume during the t

TRON launched TRXS, a regulated product providing market access to TRX with built-in staking capabilities. TRON DAO confirmed the product is designed to give investors regulated participation in the TRX market while offering exposure to the network's stablecoin ecosystem. Separately, TRON DAO

FIO experienced a 13.11% price decline within a 60-minute period, dropping to $0.0004 from $0.00046. The cryptocurrency's market cap stands at $402,068 with a 24-hour trading volume of $1,948.28. The rapid sell-off occurred amid relatively low trading volume, with market observers noting potential w

Abstract, the Ethereum layer-2 blockchain built by Pudgy Penguins parent company Igloo, announced on 6 October that it will shut down on 15 December. Igloo CEO Luca Netz stated the company lost tens of millions of dollars over two years funding the chain without achieving product-market fit, and

The USD-JPY exchange rate rose in the Tokyo foreign exchange market on October 7. According to Yonhap Infomax, USD-JPY traded at 158.415 yen as of 1:57 PM, up 0.22% from the previous session. The rise was driven by dollar buying from Japanese importers, combined with weakened expectations for

Financial institutions experienced data breaches on the 1st and the 2nd, triggering sharp gains in cybersecurity stocks through the 7th. Shinhan Bank reported approximately 25,000 loan-related records leaked on the 1st, while KB Kookmin Bank disclosed over 100 customer information records

ZachXBT infiltrated a Chinese money laundering network allegedly responsible for processing more than US$1 billion in stolen cryptocurrency for North Korea's Lazarus Group. The investigation began in February 2025 after the US$1.5 billion Bybit hack, when suspicious accounts openly sought laundering

OKX unveiled OKX Money on 6 October at its OKX Now event in Singapore, launching a standalone app that converts deposits in more than 50 currencies into dollar-backed stablecoins for saving, sending, and spending. The app supports Paxos' USDG, Circle's USDC, and Tether's USDT, with free conversion b

Samsung Electronics fell 1.29% on October 7th, closing at 268,500 won on the Korean stock market one day before its Q3 preliminary earnings announcement. SK Hynix declined 2.82% to 1,723,000 won, marking its second consecutive day