Gate Cryptocurrency News and Market Analysis

The USD-KRW exchange rate rose to the mid-1,340 won range, driven by custody dollar buying, rising international oil prices, and global dollar strength. At 6 AM, the rate traded at 1,344.00 won, up 5.50 won from the previous Seoul trading day close of 1,338.50 won. The increase occurred despite a la

Circle minted approximately $750 million USDC on the Solana blockchain in the last 24 hours, according to influencer @SolanaFloor. The minting activity represents Circle's support for Solana's ecosystem. Solana is a high-performance blockchain designed for decentralized applications and crypto

Brian Smith, President of Jito, recently shared insights on Solana's trading capabilities, highlighting a 50% reduction in block times to 200 milliseconds. The technical enhancement aims to improve the platform's speed and efficiency in transaction processing. Smith noted the improvements are

Origin Protocol (OGN) surged over 100% across Korean cryptocurrency exchanges on the morning of October 9, while MINA Protocol experienced double-digit declines on the same trading day. OGN gained +107.56% on Bithumb and +142.31% on Coinone, closing at 64.28 KRW and 66.2 KRW respectively, while

Korean government bond futures rose in overnight trading on October 9, driven by strength in US Treasuries. The 3-year KTB futures contract closed 16 ticks higher at 102.66, while the 10-year contract gained 51 ticks to finish at 104.91. The rally followed declines in US Treasury yields, with the 10

NEAR Protocol introduced NEAR Intents, an initiative described by co-founder ilblackdragon as a 'market of markets.' The project aims to reshape how markets operate within the crypto ecosystem by enhancing interactions and trading strategies. This initiative reflects broader trends in

Global institutional investors reduced risk appetite in September as State Street's risk preference index fell to -0.18 from 0.36 in August, marking the lowest level since the Iran war outbreak in March. Foreign capital inflows into Korean stocks ranked among the weakest in emerging markets during t

The Bank of Korea, Financial Services Commission, and Financial Supervisory Service released their weekly operational schedules for October 12-16. Bank of Korea Governor Shin Hyun-song will undergo a parliamentary audit on October 12 at 10:00 and depart at 12:00 to attend the G20 Finance Ministers a

Hyperscale Data announced Thursday that Ault Markets has opened invite-only access to a decentralized exchange operating in beta on the Ault Blockchain. The publicly traded data-center company says the platform follows a decentralized model in which listing decisions and trading are not controlled b

US President Donald Trump stated on Truth Social that the United States will not attack Iran before the November 3 mid-term elections, triggering mixed reactions across financial markets. Trump wrote that the US is engaged in productive discussions with Iran and emphasized that no military action wi

SpaceX agreed to acquire a nationwide low-band spectrum portfolio on Thursday, triggering after-hours declines in major US telecom stocks as the company positioned Starlink Mobile to compete as a major carrier. AT&T, T-Mobile US, and Verizon each fell approximately 7% in post-market trading, while

Anthropic's Claude AI predicts Bitcoin could reach $250,000 by January 1, 2027, contingent on the US announcing a strategic Bitcoin reserve and purchasing BTC on the open market. Bitcoin currently trades around $82,000-$83,000, approximately 34% below its ~$126,000 all-time high. The prediction

Robinhood Crypto is exploring a Stock Token linked to an actively managed ETF in collaboration with T. Rowe Price, a major asset manager with $1.9 trillion in assets under management. This initiative aims to provide a novel investment vehicle that could attract institutional and retail investors

Securitize launched a tokenized trading service for major US-listed stocks on the Solana network on Oct. 8, with the company's shares jumping more than 10% following the announcement. The product, named Securitize Stocks, tokenizes shares of 11 US-listed companies including Apple, Nvidia,

Bitcoin fell to $80,395 on October 8 on Binance's Tether market, marking an approximately 8% decline from roughly $86,698 on October 6. The drop was driven by profit-taking after the recent rally, a stronger U.S. dollar, outflows from spot exchange-traded funds, and forced liquidations of

Hanwha Investment & Securities analyst Choi Kyu-ho forecasted on the 9th that the USD-KRW exchange rate will trade in a range of 1,320 to 1,400 won this October. The analyst attributed the projection to global dollar strength driven by shifts in Federal Reserve policy outlook and heightened

Ethereum Foundation researcher Justin Drake warned large Bitcoin and Ether holders on October 7 to prepare what he calls 'bunker mode,' stating that artificial intelligence could in a worst-case scenario discover a mathematical shortcut capable of recovering private keys from exposed public keys 'in

Samsung Biologics is forecast to report third-quarter revenue of 1.362 trillion won and operating profit of 608.9 billion won, according to a consensus of seven domestic brokerages surveyed by Yonhap Infomax within the past month as of October 9. Compared to the company's standalone third-quarter re

The Federal Communications Commission released its October 29 agenda listing three wireless spectrum proposals from Chairman Brendan Carr, prompting declines in AST SpaceMobile (ASTS), SpaceX (SPCX), and NextNav (NN) stocks as investors assessed mixed signals for the satellite-to-phone sector. ASTS