Gate Cryptocurrency News and Market Analysis

Korean nuclear power and construction stocks showed mixed reactions on the 2nd following the Korea-US governments' announcement of a strategic investment plan. Seah Steel rose 4.25% to 154,600 won, while Doosan Enerbility, a leading nuclear power stock, fell 1.22% to 81,100 won. Major construction s

Korea Investment & Securities will acquire a 0.93% stake in SK Inc. for 400 billion won on next month 2nd through a price return swap (PRS) contract. The transaction involves purchasing 681,431 shares at 587,000 won per share via after-hours block trading, as disclosed by Korea Financial Group on th

DeepSeek released version 0.2 of DeepSeek Harness (DSH), its open-source agent harness, in public preview announced on September 29. The update marks the first time the framework is offered as ready-to-run desktop installers, available for macOS on Apple silicon and 64-bit Windows through the

The European Central Bank outlined three models for introducing central bank money into blockchain-based financial markets on October 2, according to The Block. The ECB presented frameworks for using central bank money in distributed ledger technology environments to enable settlement of DLT-based a

US Treasury yields declined on October 2 after a rapid rise, with the two-year yield falling to 4.78% by 4 p.m. from an intraday high of 4.93% the previous day, and the 10-year yield dropping to 5.24% from 5.34%. The decline was driven by increased demand for safe-haven assets amid concerns over

Prosecutors obtained multiple financial documents from South Korea's Financial Supervisory Service last month regarding Korea Zinc's 2024 tender offer and capital increase, according to financial authorities and investment banking sources on October 2. The investigation focuses on allegations that K

The KOSDAQ index closed at 893.29 on October 2, after reaching an intraday high of 903.81, surpassing the 900-point level for the first time since July 2. The rally was driven by strong performance in semiconductor materials, parts, and equipment sectors, alongside optical communications and AI

Shinhan Bank CEO Jung Sang-hyuk apologized for a data breach affecting 25,000 customers during his third-term bid. The incident occurred ahead of National Assembly audits on the 19th and 22nd. Personal and credit information was leaked due to internal control failures. The Korean banking sector

Korean and US stocks demonstrated resilience on the 1st and that day respectively, as markets absorbed the surge in US 10-year Treasury yields above 5.3% - the highest level since 2002. The US 10-year Treasury yield reached 5.34% during trading on the 1st (local time), while the S&P 500 rose 0.20% a

South Korea's KOSDAQ stock market recorded 16 new listings in Q3 2026. The IPO fundraising total reached 498.4 billion won during July-September, down 58% from 1.193 trillion won in Q3 2025, with zero companies listing on the main KOSPI board following K Bank's earlier debut. Corporate bond

SK Innovation stocks surged 10.32% on the 2nd, closing at 150,000 won, as Korean refinery stocks rallied following a sharp rise in international oil prices. The gains were driven by heightened Middle East tensions and supply disruption concerns after China halted petroleum product exports and the

South Africa's Absa Group launched a digital-asset custody service on October 2, becoming the first bank in Africa to offer such a service, Bloomberg reported. After securing approval from South African regulators, Absa began providing digital-asset storage, management and transfer services to

David Lee, APAC Head of institutional wallet provider Utila, presented on wallet infrastructure for tokenized assets at the STO Summit 2026 held at the Korea Exchange Conference Hall in Yeouido, Seoul. Lee emphasized that as blockchain-based financial markets expand through security token

The KOSDAQ index rebounded 13.0% from its September low, closing at 893.29 points on October 2 after bottoming at 790.21 points on September 3. Institutional investors drove the recovery by net purchasing 1.0115 trillion won in Korean stocks between September 1 and October 2, led by investment

Meta Platforms Inc. stocks rose nearly 29% in the third quarter of 2026, the company's strongest quarterly performance in more than two years, driven primarily by September gains following the launch of Muse, a personal AI agent. The stock closed September at $725.18, approximately 8% below its

Hana Financial Group opened its new headquarters in Cheongna International City, Incheon, on October 2, completing the Hana Financial Town project 14 years after signing its first agreement with the city in 2012. The relocation includes the group's data center and Hana Global Campus, its global

KOSDAQ-listed DAT (Digital Asset Treasury) companies avoided delisting risk as their market capitalizations surged above the exchange's minimum threshold in the second half of this year. Bitmax closed at 2,155 won on the 2nd with a market cap of 30.8 billion won, up 103.96% from 15.1 billion won at

Decentraland's MANA token surged 10.07% in 60 minutes, reaching a price of $0.0984. The rapid price movement attracted trader attention as the asset climbed from $0.0894 to its current level. The surge occurred amid mixed signals across the broader cryptocurrency market, with MANA recording a

Bitcoin is currently assessed at fair value according to its MVRV Z-Score, a metric comparing market value to the price paid by holders, as noted by crypto commentator @bitfinex. The cryptocurrency is trading around $64,000 to $65,000, approximately one-third below its all-time high. This

Fourteen companies are conducting demand forecasting in the Korean stock market in October as the fourth-quarter IPO market gains momentum. Among them are fashion company Musinsa and other firms targeting unicorn status with corporate valuations exceeding 1 trillion won. The surge follows a