Gate Cryptocurrency News and Market Analysis

The U.S. Securities and Exchange Commission (SEC) updated its cryptocurrency FAQ regarding token buybacks, according to an announcement by Eleanor Terrett. The new guidance specifies that if no central party is involved in the buybacks, the arrangement likely does not constitute an investment

South Korea's securities industry is conducting continuous security inspections during the holiday period following a series of AI-powered hacking attacks on major domestic banks, with no breaches reported in the securities sector as of the 5th. Seven financial institutions—including Shinhan Bank, K

Cerebras Systems, Inc. (CBRS) shares rose nearly 7% in overnight trading after OpenAI CEO Sam Altman addressed speculation about the AI chipmaker's partnership with OpenAI in a post on X late Friday. The overnight gain followed a nearly 20% selloff in the past week, with shares closing 1.8% lower at

South Korea's Ministry of Science and ICT announced on the 2nd a frontier-level artificial intelligence development initiative, with Vice Minister Ryu Je-myung revealing plans to select companies through public tender for building top-tier global AI models. The initiative responds to rapid

The ASEAN+3 Macroeconomic Research Office (AMRO) raised South Korea's economic growth forecast for this year to 3.3% on the 5th, up 0.2 percentage points from its July projection of 3.1%. The upward revision reflects strong AI-related export and investment demand that is offsetting negative

Binance will enforce new regulations for Brazilian users starting November 1, requiring disclosure of purpose and counterparty details for cross-border crypto transfers, according to a report by CryptoTwitter commentator @WuBlockchain. The policy responds to Brazil's Central Bank Resolution BCB No.

Foreign investors net sold 20.3050 trillion won in KOSPI stocks from 지난달 1일 to 이달 2일. Selling concentrated in Samsung Electronics and SK Hynix, which together accounted for 17.1950 trillion won — approximately 85% of total foreign outflows over 22 trading days. The wave stemmed from profit-taking

The Financial Services Agency (FSA) of Japan recently announced an update to the 'List of Applicable Laws and Responsible Departments' that pertains to the pre-application confirmation procedure, commonly known as the no-action letter system. The update aims to provide clearer pathways for

Multiple South Korean financial institutions including Shinhan Bank, KB Kookmin Bank, Hana Bank, and BNK Busan Bank experienced data breaches recently, with personal information of thousands of customers compromised. According to financial sector sources on the 5th, the incidents also affected

Citibank projects the KRW/USD exchange rate will reach 1250 won over the medium to long term despite South Korea's US investment remittances, according to a recent report by Kim Jin-wook, chief economist at Citibank Korea. The forecast, revised from the previous 1400 won target, is driven by a

Korean securities firms launched AI-powered mobile trading platforms in recent weeks, reshaping the competitive landscape in brokerage services. Mirae Asset Securities renamed its M-Stock platform to MAPS on the 1st, Meritz Securities launched MOUM on the 24th of last month, and Hana Securities

Shinhan Bank, KB Kookmin Bank, and Hana Bank experienced customer data breaches this year despite spending approximately 124 billion won on information security last year and receiving top-grade certifications. The attacks exploited authentication and access control vulnerabilities in individual

Gold prices rose to $4,153.66 an ounce as of 8:40 a.m. in Singapore on Oct. 4, recovering 0.3% after last week's 3.4% decline, according to Bloomberg. The rebound followed weaker-than-expected US employment data that reduced market expectations for further Federal Reserve interest-rate increases. US

OKXICE LLC, a joint venture between cryptocurrency exchange OKX and Intercontinental Exchange Inc. (ICE), the parent company of the New York Stock Exchange, has filed paperwork with the US Securities and Exchange Commission to launch a platform for trading tokenized stocks, Bloomberg reported on

LS Electric and Hyosung Heavy Industries recently secured ultra-high voltage transformer contracts for AI data centers in North America. LS Electric signed a $133.41 million (approximately 181.2 billion KRW) contract to supply 345kV ultra-high voltage transformers, while Hyosung Heavy Industries

TARA surged 11.96% in five minutes, reaching a current price of $0.00002929. The rapid price movement came as traders reacted to shifting dynamics in the broader crypto market, which shows mixed signals. The cryptocurrency operates with a market cap of $178,881 and recorded a 24-hour trading

BlackRock announced plans to offer ETF share classes on five active mutual funds that collectively manage $55 billion in assets. The move comes amid a wave of mutual fund to ETF conversions and reflects growing interest in ETFs as investment vehicles. BlackRock is one of the largest asset

Yuanta Securities highlighted semiconductor-focused sectors as relatively resilient amid high interest rates, according to analysis covering the Korean stock market from September 25 to October 1. During this period, KOSPI fell 1.6% while KOSDAQ rose 5.9%, despite US 10-year bond yields

Asahi Noguchi, a former Bank of Japan board member and Senshu University professor, said Japan no longer needs fiscal or monetary stimulus and predicted the BOJ will raise its benchmark interest rate to 1.5% in December, according to a Reuters report on October 5. Noguchi cited underlying