Gate Cryptocurrency News and Market Analysis

SanDisk led S&P 500 stocks with a 3,000%+ surge since its February spinoff listing from Western Digital, driven by AI datacenter demand for NAND flash memory. The semiconductor company's stock climbed from $52 per share at listing to an intraday high of $1,479, with market capitalization

Yang Ki-wook, Director of the Industrial Resources Security Office at South Korea's Ministry of Trade, Industry and Energy, along with officials Kim Min-seop and Na Hyeon-bin, traveled to Riyadh, Saudi Arabia on the 12th to attend the International Energy Forum (IEF) ministerial meeting and World

JP Morgan upgraded its investment rating on US biotech company Biogen from Neutral to Overweight on the 12th (US local time), raising its price target from $210 to $300. Analyst Chris Schott attributed the upgrade to strong clinical pipeline momentum and catalysts expected through 2027. The rating c

Koscom said on Oct. 13 it will participate in Korea Fintech Week 2026, scheduled for Oct. 25-27 at the aT Center in Seoul's Yangjae district. The company will showcase a joint platform for tokenized securities and financial artificial intelligence services. The company developed the shared platform

West Texas Intermediate traded near $93 a barrel on October 12, while Brent crude settled below $107 the previous day, according to Bloomberg. WTI climbed more than 6% over the past three sessions amid military tensions in the Middle East and uncertainty over a possible energy ceasefire between

SpaceX's AI segment introduced a consolidated X Subscription that bundles access to Grok AI tools, X platform features, and Cursor coding tools into a single plan. The move replaces a previously fragmented set of SuperGrok, X Premium, and separate Cursor options with four main paid tiers plus a

Bank of Korea Governor Shin Hyun-song testified at a National Assembly audit on October 12, addressing questions about the GDP gap and monetary policy appropriateness. Democratic Party Representative Kim Tae-nyeon questioned whether rate increases are suitable for non-semiconductor sectors amid

Applied Materials Inc. (AMAT), the nation's largest semiconductor equipment producer, plans to double its total sales in the coming years while keeping workforce growth minimal through AI-driven operational efficiencies. Chief Executive Officer Gary Dickerson told Bloomberg in an interview ahead

A new cryptocurrency law has come into force in Russia, imposing restrictions on retail investors’ purchases of digital assets. Bill No. 1194918-8 was approved by the State Duma in its second and third readings on July 21, and President Vladimir Putin signed it in early August. Under the new rules, the Bank of Russia oversees the country’s regulated cryptocurrency market, while retail investors can invest a maximum of 300,000 rubles (approximately $3,700) per year through a single licensed inter

Korea Development Bank faces decisions on its 10.58% stake in Hanjin KAL as Korean Air and Asiana Airlines approach their December 17 merger completion date. The state-owned bank's position as the fourth-largest shareholder has become a pivotal factor in Hanjin KAL's ownership structure, where

Aptos blockchain activated encrypted mempool on Oct. 12 to protect crypto traders from front-running. The feature seals order details before they join the public transaction queue, preventing trading bots from jumping ahead of large orders. Front-running occurs when bots observe pending orders and e

The USD-KRW 1-month non-deliverable forward (NDF) declined slightly in overnight trading on the 13th, closing at 1,333.60 won (MID) according to overseas brokers. Accounting for the latest 1-month swap point of -0.95 won, the rate fell 0.55 won compared to the Seoul market close of 1,335.10 won. The

Deutsche Bank upgraded AST SpaceMobile (NAS:ASTS) to 'Buy' from 'Hold' on October 12 (local time), maintaining a $93 price target that represents approximately 82% upside from the October 9 closing price. The upgrade follows a roughly 60% decline in the US satellite communications company's stock fr

Blur announced it will shut down its website frontend next month, as reported by The Block on Oct. 12. The BLUR token fell more than 20% to around $0.015 following the announcement. The on-chain NFT trading protocol will remain operational, and BLUR token holders will continue to control protocol fe

South Korea's Supreme Court on the 8th confirmed Shinhan Investment & Securities must pay Woori Bank 45.3 billion won plus delay damages in the Lime Asset Management case. The court ruled Shinhan Investment jointly liable with Lime for arbitrarily calculating IIG

GTC and OSMO led gains across Korean cryptocurrency exchanges on October 13 at 8:00 AM, with GTC rising 68.86% on Upbit and OSMO climbing 43.68% on Bithumb. RSR, BLUR, RSS3, and STRK posted significant declines, with RSR falling 25.06% on Upbit and STRK dropping 33.13% on Bithumb. This routine

The U.S. Commodity Futures Trading Commission's effort to regulate leveraged cryptocurrency trading may not be finalized before the 2028 presidential election, according to TD Cowen analyst Jarrett Seiberg. The Block reported on Oct. 12 that Seiberg, managing director at TD Cowen's Washington

US stocks have seen AI-related stocks increasingly dominate a four-year bull market, raising questions about the rally's sustainability. Apple, Microsoft, and NVIDIA now account for approximately 22% of the S&P 500 index's total market capitalization, up from about 14% at the end of 2022,

Bank of America upgraded enterprise software company Salesforce (NYS:CRM) to Buy from Underperform on October 12 (US local time), citing artificial intelligence technology integration as a driver for performance recovery and stock price appreciation. The investment bank raised its price target from

The S&P 500 and Nasdaq 100 ended Monday with losses while the Dow Jones Industrial Average posted gains, as chipmaker stock weakness offset strength in other sectors. The S&P 500 fell 0.1% and the Nasdaq 100 declined 0.7%, while the Dow added 0.4%. The divergent performance reflected investor