Gate Cryptocurrency News and Market Analysis

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

Deutsche Bank issued a Buy rating on FormFactor (NASDAQ:FORM), a global semiconductor test equipment company, and set a $200 price target on the 30th (US local time), according to CNBC and Investing.com. The investment bank attributed its bullish stance to FormFactor's entry into

NH Investment & Securities analyst Jung Ji-yoon lowered Youngone Corporation's target price to 105,000 won from 120,000 won on October 1 while maintaining a 'buy' rating, citing won appreciation adjustments rather than fundamental weakness. The analyst forecast Q3-Q4 consolidated revenue of 1.2872 t

Samsung SDI is expected to benefit from supply chain restructuring in the US energy storage system (ESS) market as Chinese batteries face exclusion, according to Korea Investment & Securities on October 1. The brokerage maintained a 'Buy' rating and 600,000 won target price for Samsung SDI,

Korea Investment & Securities forecasts Samlip will begin a full-scale earnings turnaround next year, driven by the company's focus on restructuring its low-profit food business, optimizing product variety, and accelerating overseas bakery expansion centered on Costco partnerships. Analyst Choi Go-w

Bank of America raised its AI datacenter market forecast for 2026-2030 to $2.2 trillion on the 30th local time, up from a prior $1.8 trillion estimate, citing sustained AI infrastructure investment. Semiconductor analyst Vivek Arya attributed the revision to accelerating adoption of agentic AI

The Korean government announced a second support plan for corporate investment and innovation, aimed at accelerating 7.9 trillion won worth of stalled projects in green industries, batteries, and advanced sensors. Deputy Prime Minister and Finance Minister Lee Hyung-il chaired a joint ministerial me

Shinhan Securities upgraded its investment rating on LG Household & Health Care stocks from 'neutral' to 'buy' and raised the target price 28% from 250,000 won to 320,000 won on the 1st. Analyst Lee Gyo-seok cited the North American sales growth of haircare brand Dr. Groot and the

Bithumb ranked first in the virtual asset exchange category of the 2026 Korean Customer Satisfaction Index (KCSI) survey for the second consecutive year. The KCSI survey, organized by Korea Management Association Consulting (KMAC), evaluates customer

The US personal consumption expenditures price index rose 0.3% in August from the previous month and 3.4% from a year earlier, according to data reported by The Block on October 30. Core PCE, which excludes volatile food and energy prices, increased 0.2% monthly and 3% yearly. The