Gate Cryptocurrency News and Market Analysis

HSBC upgraded its investment rating on US retail giant Target (NYS:TGT) from Hold to Buy on local time on the 30th, raising the price target from $125 to $190. Analyst Joe Thomas cited Target's second-quarter performance as 'standout,' according to CNBC. The upgrade reflects Target's comparable

Samsung Electronics can implement a total cash dividend of 70 trillion won in the second half based on memory semiconductor performance improvement, according to KB Securities. Kim Dong-won, KB Securities Research Director, stated in a report on the 1st that assuming 110 trillion won in remaining sh

Orbitech, a nuclear and radiation solution specialist, completed the disposal of 4.14 million Fine Technics shares on the 1st, the company announced. The transaction was conducted to secure liquidity by converting a portion of investment assets into cash and to obtain funding necessary for

Daol Investment & Securities initiated coverage on Samsung C&T with a buy rating and a 540,000 won target price. Analyst Park Young-do cited accelerating AI infrastructure orders in data centers and energy, alongside improving shareholder returns across all business units. The brokerage attributed t

NH-Amundi Asset Management announced on the 1st that Amundi, Europe's largest asset manager and the company's second-largest shareholder, released results from its global survey 'Decoding Investors 2026' targeting individual investors and savers. The survey, conducted in March across 26 countries

Bitcoin traded sideways around 113 million won on the morning of the article date as US long-term Treasury yields surged and international oil prices rose. At 8:10 AM, Bitcoin was trading at 113.8 million won on Bithumb, up 0.03% from 24 hours prior, and at $83,628 on CoinMarketCap. The rise in US l

Independent Research R released an analysis on 1st stating that Waves' disclosed order backlog more than doubled in six months, projecting that the company's core business revenue will surpass last year's

Kalshi is nearing the close of a funding round that would value the US prediction-market platform at about $40 billion and may pursue an initial public offering as soon as next year. Bloomberg reported on September 30 that the company is in late-stage talks to raise fresh capital, with Sequoia

Global private equity firm EQT Partners announced on the 1st that it signed a stock purchase agreement (SPA) to sell Acuon Group — comprising Acuon Capital and Acuon Savings Bank — to a consortium of Hanwha Life Insurance and Centroid PE. The transaction will close following regulatory approval

The U.S. Office of Foreign Assets Control (OFAC) sanctioned an FBI Top 10 fugitive for laundering millions through stablecoins. The individual, a member of the Tren de Aragua criminal organization, allegedly stole funds from U.S. ATMs and used stablecoins to move money internationally. Blockchain an

Hyundai Motor Securities cut its target price for Korea Zinc to 1.42 million won from 1.5 million won on the 1st, citing expected declines in operating profit driven by weakening gold and silver prices alongside a strengthening won. Analyst Park Hyun-wook maintained a 'Buy' rating, noting that

Samsung Electronics and SK Hynix traded near flat in pre-market sessions following Micron's quarterly earnings announcement. At 8:08 AM, Samsung Electronics stocks rose 0.19% to 269,000 won while SK Hynix stocks declined 0.11% to 1,774,000 won, according to NextTrade data. Micron's results

Daol Investment & Securities on October 1 maintained a 'Buy' rating and 180,000 won target price on Orion Corporation stocks, citing the company's forward price-to-earnings ratio (PER) of 8.3x following recent share price declines and an expected dividend yield exceeding 4%. Analyst Lee Da-yeon

Hyundai Mobis announced the sale of its lamp business to France's OP Mobility for approximately 600 billion won following a physical spin-off, with securities analysts stating on the 1st that the transaction enables the company to concentrate resources on electronics, software, and robotics. The

NEAR Protocol announced its SPICE upgrade, an architectural change separating transaction ordering, data availability, and execution to enhance blockchain performance. The upgrade aims to enable faster block production and reduced latency across the network. This modification addresses scalability c

Lotte Engineering & Construction announced on the 1st the successful issuance of its third asset-backed securities (ABS) worth 200 billion won, based on construction payment receivables. The company developed this securitization financial product in-house to secure liquidity and diversify funding

Multiple cryptocurrencies posted double-digit gains on Korean exchanges on October 1 at 8:00 AM. NFT (AINFT) surged 33.33% on Bithumb to 0.0004 KRW, while MANTRA climbed 25.30% to 12.47 KRW on the same platform. DOOD rose 26.32% on Coinone to 2.52 KRW, and STX (Stacks) gained 18.37% on Upbit to 509

South Korean securities firms face mounting calls for productive and inclusive finance as their first-half 2025 profits approach full-year 2024 levels. The 37 domestic securities firms earned 8.6 trillion won in net profit during the first half of this year, driven by increased trading volumes and i