Gate Cryptocurrency News and Market Analysis

DensityAI, the AI chip startup founded by former Tesla Dojo supercomputer lead Ganesh Venkataramanan, is closing a funding round that values the company at approximately $10 billion, with Andreessen Horowitz leading the investment. The company, founded in 2025 with roughly 20 engineers from Tesla's

SpaceX CEO Elon Musk stated on September 24 that the company could develop an AI model comparable to Anthropic's Fable or OpenAI's GPT-6 within two to three months. The claim follows SpaceX's reallocation of dozens of engineers from its Starlink and Starship programs to focus on AI development. The

US spot Bitcoin ETFs recorded net inflows of approximately $191 million on Thursday, extending a six-session winning streak that pushed cumulative inflows past $2.8 billion, according to SoSoValue data. The streak coincided with institutional buying during Bitcoin's climb toward multi-month highs ea

Duelbits, a crypto betting platform, confirmed a breach that drained approximately $7 million from its hot wallets on Thursday, forcing the site offline. Attackers compromised wallets across Ethereum, BNB Chain, Tron, and Bitcoin in what blockchain security firm Scam Sniffer identified as a

Brazil's Banco Central do Brasil issued Resolution BCB No. 588 on September 23, 2026, requiring institutions to report any virtual asset transfer of $10,000 or more to or from self-custody wallets starting October 1, 2026. The measure extends Brazil's anti-money-laundering framework to capture trans

South Korea's investment banking market is entering a critical phase after the Chuseok holiday, with major M&A deals including Lotte Insurance, Haitai htb, Homeplus, and JoongAng Ilbo advancing to next stages ahead of year-end. According to IB industry sources on the 25th, these transactions will re

South Korean defense companies are positioned to become partners with European Union defense manufacturers as Europe's post-Russia-Ukraine war rearmament enters production phase, according to Daol Investment & Securities. Analyst Choi Kwang-sik stated K-defense firms will transition from finished pr

South Korea's Ministry of Land, Infrastructure and Transport distributed 25 international aviation routes to 10 Korean airlines on the 16th following an Aviation Traffic Deliberation Committee review, with domestic low-cost carriers securing expanded access to Incheon-China routes. Yang

Daol Investment Securities analyst Choi Kwang-sik predicted that South Korean defense companies will become partners within the European Union market following Europe's rearmament efforts after the Russia-Ukraine war. EU defense system companies have begun accepting K-defense firms as partners

SpaceX (SPCX) stocks climbed 0.4% in premarket trading on Friday as CEO Elon Musk outlined a major Nvidia chip expansion at Colossus 2, the company's AI supercomputer, while Google prepared to test its AI chips in orbit aboard a SpaceX rocket. Musk detailed that Colossus 2 currently has 110,000 Nvid

Meritz Securities received approval for commercial paper business operations from South Korea's Financial Services Commission on the 23rd during the 16th regular meeting, becoming the country's ninth operator in this sector. The approval followed Samsung Securities' entry earlier this month,

Samourai Wallet co-founder Keonne Rodriguez faces another prison transfer after the drug treatment program at FCI McKean was deactivated, he said Wednesday. Rodriguez stated on X that McKean's warden informed program participants that he and 70 others would be moved to facilities where treatment

Bloom Energy reaffirmed on Thursday that Oracle remains committed to its contract for 2.4 gigawatts of fuel cell capacity for Project Jupiter, following reports that Oracle had issued a force majeure notice to the project's developer. Oracle's notice was sent to STACK Infrastructure, a Blue Owl

U.S. crypto exchange-traded funds recorded preliminary net inflows on September 24, with Bitcoin ETFs attracting $15.2 million and Ether ETFs receiving $39.3 million according to Farside Investors' current data. The incomplete figures reflect missing reports from several major issuers including

Securities firms issued sharply divergent target prices for Samsung Electronics stocks on September 25, with Yuanta Securities setting a target of 630,000 won while BNK Investment Securities lowered its target to 270,000 won. Yuanta cited sustained tight supply conditions in AI memory

Korean asset management firms launched YouTube channels as primary ETF marketing platforms, with Timefolio Asset Management recently opening its 'TIME Active ETF' official channel on the 25th. The expansion follows rapid ETF market growth that has intensified competition beyond product features

South Korean youth employment declined for the 46th consecutive month as of August, with the 15-29 age group losing 143,000 jobs year-over-year, according to employment data released by the National Data Office. The youth employment rate fell to 44.1%, marking the 28th consecutive month of decline,

Timefolio Asset Management announced on the 25th it will double the September regular monthly distribution for its TIME Korea Plus Dividend Active ETF to 1% by adding a 0.5% special distribution to the standard 0.5% rate. The measure aims to share last quarter's operational performance with