Gate Cryptocurrency News and Market Analysis

Korean pharmaceutical and biotech stocks retreated on the second day of trading after a sharp rally driven by earnings expectations and valuation appeal. Peptron declined 9.12% to close at 129,500 won, while GI Innovation fell 7.55% to 8,820 won and Algennomics dropped 5.06% to 28,150 won,

Micron Technology, Inc. (MU) reported fourth-quarter results that beat expectations in the week, while Nvidia (NVDA) authorized a $150 billion share buyback increase and OpenAI launched a new AI capability called 'dots.' The developments came as Anthropic's reported financials showed $42 billion in

Drift protocol opened DFX claims and redemptions for eligible users who suffered losses during the decentralized exchange's April 1 market disruption. The Solana-based trading protocol established DFX as part of a compensation framework for qualifying users affected by the April incident. Eligible u

Netflix Inc. (NFLX) stocks are headed for a fifth week of declines after co-CEO Ted Sarandos said at Bloomberg's Screentime conference on Thursday that the streaming giant is not growing as fast as he would like. Wells Fargo analyst responded to the remarks by stating that the comments indicate "not

QUICK experienced a sharp price decline, dropping 12.45% in 60 minutes from $0.01245 to $0.0109. The rapid fall raised concerns among traders about volatility in the cryptocurrency market. Despite the hourly plunge, QUICK showed a 24-hour price change of 1.96%, with trading volume

Korea Pharma decided on a 1 billion KRW stock buyback trust contract starting from the 6th for 6 months to enhance shareholder value and stabilize its stock price, the pharmaceutical company announced on the 2nd. The company determined its stock is significantly undervalued despite strong

Bitcoin futures market buying pressure reached 4.9 on Oct. 2, the highest level in approximately six weeks, according to on-chain analyst Axel Adler Jr. The Positioning Pressure indicator last exceeded this reading on Aug. 19, when it hit 5.1. Open interest climbed roughly 3% over the past 24

Samsung Electronics stocks closed flat at 276,000 won on the trading day while SK Hynix stocks rose 0.44% to 1,841,000 won amid intraday volatility on the Korea Exchange. Market concerns centered on potential completion of share buyback programs, with Samsung having purchased 53.8 million shares

U.S. President Donald Trump expressed a NIMBY (Not In My Backyard) attitude toward data center construction in a Time magazine cover story interview published on the 1st (local time). Trump stated he would welcome data centers in his county but clarified he does not want one built directly next to h

BTQ Technologies signed a three-year commercial agreement with Kaia DLT Foundation to deploy its Quantum Secure Stablecoin Network across the Kaia blockchain, marking the first recurring commercial deployment of the security platform. The agreement brings post-quantum protection to Kaia's

US spot Bitcoin exchange-traded funds recorded US$148.7 million in net outflows on 30 September. This ended a nine-day inflow streak that brought US$3 billion into the funds. Fidelity's FBTC led outflows at US$125.6 million, followed by Bitwise's BITB at US$13.6 million and BlackRock's IBIT at US$9.

Nike (NKE) closed at $35.15 on 1 October 2026 and fell 8.71 percent to $32.09 in after-hours trading after reporting fiscal first-quarter results and issuing full-year guidance below analyst expectations. The company posted revenue of $11.2 billion for the quarter ended 31 August 2026, down 4 percen

Nuveen Asset Management completed its acquisition of Schroders Asset Management on January 1 (local time), creating a global asset manager with approximately $2.6 trillion in assets under management. The combined entity becomes the only firm ranked in the global top 10 across all three categories: a

Amazon is pursuing a plan to transfer approximately $8 billion worth of NVIDIA advanced artificial intelligence chips to external investors through a special purpose vehicle structure, according to sources cited by the Financial Times. In recent weeks, Amazon contacted investors to gauge demand

Korean securities firms iM Securities and Hanwha Investment & Securities launched character-driven webtoon series on Instagram to engage younger investors, with iM Securities introducing its 'Imhaemjji' character and Hanwha debuting 'Jarami' in last May. The firms shifted from traditional research r

Kim Kyung-pil, CEO of Money Training Lab known as 'Donjjulnam,' delivered a speech on the 2nd at the Herald Money Festa 2026 event held at Dongdaemun Design Plaza in Jung-gu, Seoul, presenting investment solutions and generational wealth management principles to prepare for the AI era set to fully m

South Korean stocks closed mixed on 1일, with the KOSPI index recovering the 7000 level while the KOSDAQ index ended slightly lower. The KOSPI closed at 7003.74, up 32.39 points or 0.46% from the previous trading day, after opening 0.47% lower and reversing losses during the session. The KOSDAQ index

Iljin Electric's stock rose 3.98% on the 2nd following the company's announcement of an additional contract worth approximately 187.1 billion won for ultra-high voltage underground transmission line construction in a UK offshore wind grid expansion project. The contract award, valued at approximatel