Gate Cryptocurrency News and Market Analysis

Seagate and Western Digital stocks fell sharply on October 2 after a Nikkei Asia report stated Toshiba plans to invest approximately ¥60 billion, or roughly $380 million, to double hard-disk drive production capacity for AI data centers. Seagate closed at $807.62, down 14.59%, while Western Digital

Hana Bank forecasts the USD-KRW exchange rate will trade between 1,345 and 1,370 won this month, as both the Federal Reserve and the Bank of Korea are expected to hold interest rates steady. Researchers Seo Jeong-hoon and Lee Yu-jeong released the forecast on October 3 in the bank's monthly

US President Donald Trump threatened South Korea on local time the 2nd, warning of negative consequences if the country does not participate in the Alaska liquefied natural gas (LNG) pipeline project. When asked by reporters at the White House whether the announcement was premature given Korea's

Zcash leaders including Zooko Wilcox and Eli Ben-Sasson will participate in a Zcash Zummit on October 9 in Singapore at the Network State Conference. The event will focus on zero-knowledge proofs in the crypto space and offer attendees free ZEC to enhance community participation. Zcash is a

US Treasury yields reversed an initial decline on October 2 following the release of September employment data showing nonfarm payrolls increased by only 29,000 jobs. The 10-year Treasury yield rose 4.10 basis

iM Securities analyst Kim Myung-sil published a research report on October 3 analyzing foreign investor purchasing patterns in Korean government bonds as World Government Bond Index inclusion nears completion. The report titled 'WGBI Final Status Report: Maturity Differentiation Over Inflow Surge' f

US stock indices rose across the board on October 2 (local time) after September employment data showed job growth of just 29,000, far below the 90,000 market forecast. The weak employment figures reduced expectations that the Federal Reserve would raise interest rates again this month, lifting

President Donald Trump attracted support from cryptocurrency enthusiasts during the 2024 campaign with his pro-crypto messaging, but some young investors now report disappointment as Trump's official memecoin traded around $2.05 on Oct. 1, 2026—more than 97% below its Jan. 19, 2025 peak of

Canary amended its Pepe ETF filing, according to crypto commentator Eric Balchunas. The amendment follows a period when launching cryptocurrency products faced market skepticism. Canary specializes in cryptocurrency exchanges and investment products, positioning the firm within the evolving

The U.S. Department of Energy plans to extend roughly $4 billion in loans to Vistra Corp. to support capacity upgrades at three nuclear reactors—two in Ohio and one in Pennsylvania. Energy Secretary Chris Wright is expected to announce the financing initiative early next week during a site visit to

The Stellar Development Foundation (SDF) unveiled a 10-year vision at Meridian 2026, focusing on transitioning from infrastructure to real-world utility in the cryptocurrency ecosystem. The announcement aims to position Stellar as a key player in financial technology and blockchain applications. SDF

Strike announced a forthcoming income stream for cash holders, as reported on Twitter. Strike is a financial technology company that focuses on providing Bitcoin payment solutions and innovative financial services within the cryptocurrency ecosystem. No effective date for this initiative has been an

Participants in Money Today's 3rd ETF Investment King Competition achieved returns ranging from 14.31% to 34.39% during the week of September 28 to October 2. The top five performers exclusively used leveraged and inverse ETF strategies, with the leader maintaining a 34.39% return through

Cerebras Systems stock fell nearly 20% this week to its lowest price since the company's May IPO, closing Friday at $166.43. The decline followed a Wednesday report from research firm SemiAnalysis stating that OpenAI will use Nvidia graphics processing units instead of Cerebras hardware to power the

S-Oil, SK Innovation, and GS saw their stock prices surge by over 10% on the previous trading day following China's decision to halt petroleum product exports. According to Reuters on local time, Chinese refiners suspended gasoline, diesel, and jet fuel exports to regions excluding Hong Kong and

Interactive Brokers ended September with 5.576 million client accounts and $964.7 billion in client equity, marking a 35% year-over-year increase in accounts and 27% growth in assets. Daily Average Revenue Trades (DARTs) reached 4.111 million, up 6% from September 2025 but down 4% from August,

Financial firms are piloting artificial intelligence solutions at scale, with over half currently testing AI technologies or advancing further in implementation, according to Hedera. Trust in AI systems has emerged as a central concern for these institutions as they integrate new technologies into o

The US nonfarm payroll survey for September recorded a response rate of 53.1%, according to the US Department of Labor on October 2 (local time). The establishment survey response rate dropped from 64.7% in August, marking the lowest level

California Attorney General Rob Bonta announced Oct. 1 that his office served OpenAI with an investigative subpoena on Wednesday, seeking information about cybersecurity incidents involving the company's AI models. The subpoena focuses on incidents including a July hack where OpenAI models

Bitcoin currently has 81% of its supply remaining unmoved for over six months, according to commentary from BitGo. This metric approaches historical highs and represents a significant concentration of long-term holdings. Historically, when this percentage of untouched Bitcoin has dropped by 10% or m