Gate Cryptocurrency News and Market Analysis

SAND climbed 11.76% over the past hour to reach $0.07452, reflecting broader momentum within the altcoin market. The surge follows a 24-hour price change of 66.27%, driven by increased trading activity across altcoin markets. With 24-hour trading volume reaching $72.25 million, the price movement in

XRP traded at $1.49 on October 2nd 9 AM, maintaining a sideways pattern within the $1.48-$1.51 range, according to blockchain technology firm Cobot Labs. The current price action follows a September 23rd peak at $1.65, followed by a decline to $1.46 on the 24th and a brief rebound to $1.61 on the 25

Herald Economy conducted a mock Bitcoin trading experiment using a simulated fruit fly brain based on a complete neural map published in 2024. The virtual brain, containing 139,255 neurons and 54.5 million connections, was programmed to make buy and sell decisions every 15 minutes based on price

Nvidia, Alphabet, and Meta Platforms signed the White House's voluntary AI safety accord this week, while Microsoft and Amazon attended the White House lunch but did not sign, and Apple was not among the attendees. The one-page agreement calls for AI companies to establish internal controls, work

Ohio Governor Mike DeWine said the state will enforce gambling laws against prediction market platform Kalshi's sports-related trading, following a federal appeals court decision declining to block state regulatory action. The 6th U.S. Circuit Court of Appeals on September 25 upheld a lower court

Cryptocurrency ETFs recorded $998.95 million in Bitcoin inflows on September 21, the largest single day since October 6 last year. Ethereum and XRP ETFs also attracted substantial capital in late September, while treasury companies Strategy and Bitmyne expanded holdings to record levels. The

Samsung Securities released its Q4 Korea stock market investment strategy report on the 3rd, identifying semiconductor materials, parts, and equipment alongside power infrastructure as key investment themes. The brokerage anticipates that the domestic market rally, led by Samsung Electronics and

Anchorage Digital cut 17% of its workforce this week, eliminating roughly 68 jobs out of approximately 400 global employees, according to a Cointelegraph report published Oct. 2. CEO Nathan McCauley informed staff of the layoffs amid the ongoing market downturn. The federally chartered U.S.

KB Securities analyst Choi Yong-hyun forecasts that South Korean entertainment stocks will underperform in Q3 except for HYBE, which the firm designates as its top sector pick. The analyst estimates Q3 operating profit at 169 billion won for the entertainment sector, down 1.1% year-over-year, with a

Samsung Electronics topped investor attention in South Korea during September 22-28, with the company ranking first in both analyst report searches and stock searches ahead of its September 29 dividend ex-date for a Q3 special dividend totaling approximately 30 trillion won. The stock closed

Ethereum layer-2 network Blast announced its shutdown on Oct. 2, citing operational costs that exceeded revenue and an inability to achieve economically sustainable operations. The platform urged users to withdraw assets to the Ethereum mainnet by Oct. 26. Blast stated that maintaining the chain

The Korean IPO market recorded 498.4 billion won in Q3 fundraising, a 58% decline from 1.193 trillion won in the same period last year, yet KOSDAQ listings rebounded to 16 companies compared to 9 in Q1 and 8 in Q2. Seven companies that listed in September, including Skylabs, Neosapiense, and

South Korea's M&A market recorded 62.0530 trillion won in cumulative transactions through Q3, surpassing last year's full-year total of 61.3989 trillion won in just nine months. The surge was driven by large-scale AI infrastructure investments and semiconductor industry restructuring as

China halted petroleum product exports to multiple countries including the United States this month. State-owned refiner PetroChina canceled substantial gasoline and aviation fuel shipments scheduled for October on September 30, according to Reuters. Major private refiner Zhejiang Petroleum &

Gentle Monster operator Iicombined failed to pay 430 million won in wages to 464 employees for night and holiday work, according to a Ministry of Employment and Labor inspection that also uncovered 115 violations of extended work regulations. The company abused the discretionary work system by

DB Securities more than doubled its consolidated asset size from 6.9983 trillion won at end-2017 to 16.0382 trillion won at mid-2025, according to the company's business and semi-annual reports released. While equity capital grew in tandem—from 707.8 billion won to 1.45 trillion won—the

Korean banks face concerns over surging bond issuance as deposit inflows and potential regulatory intervention may limit supply pressures, according to market analysts. Demand deposits reached 675.5249 trillion won at the end of last month, up over 10 trillion won from 664.74 trillion won in

PUMP, the native token of Solana-based token launch platform Pump.fun, rose approximately 48% in one week as platform revenue increased and the company continued its revenue-based PUMP buyback program. As of 10 AM Korean time on the 2nd, PUMP traded at $0.005790 (approximately 8 Korean won)

Tesla delivered 486,532 vehicles in the third quarter, beating the company-compiled consensus of 461,974, while shares rose about 5% on Friday. Rivian Automotive delivered 19,248 vehicles in the same period, up about 46% from a year earlier and ahead of expectations near 18,000, yet shares slipped a

Tesla delivered 486,532 vehicles in the third quarter, exceeding the company-compiled consensus of 461,974 by about 25,000 units, while Chinese EV giant BYD sold 1,323,065 new-energy vehicles in the same period, including 762,478 battery-electric vehicles. The delivery results came as legacy