Gate Cryptocurrency News and Market Analysis

Sunayana Tuteja, former Chief Innovation Officer of the US Federal Reserve, stated on October 1 that regulatory reforms and industry innovation in digital assets will continue even if the CLARITY Act fails to pass. Speaking at an interview held at Grand Walkerhill Seoul's 4th floor interview room in

Ripple transferred 35 million XRP, valued at approximately $52.4 million, to an unknown wallet, as reported by blockchain monitoring account @whale_alert. The company has not issued an official statement regarding the transaction. Ripple manages substantial XRP holdings through escrow arrangements a

HLG Genomics' stock price plummeted 62.47% within two months of its July 23 listing on the KOSDAQ market, dropping from an IPO price of 21,500 won to 8,070 won as of the previous trading day, according to Korea Exchange data released on the 2nd. The decline triggered shareholder complaints about

Korea Exchange has been attracting steady foreign investment inflows since launching its after-hours market operating from 4pm to 8pm on September 14. The extended trading hours for KOSPI and KOSDAQ markets have generated an average daily trading volume of 1.29 trillion won, with foreign investors c

Seoul foreign exchange dealers forecast on October 2 that the USD/KRW exchange rate will show limited fluctuations in the 1,350 range ahead of the US employment report release. While the global dollar is showing strength, the upper limit for USD/KRW is expected to remain heavy as negotiation

Accenture (NYS:ACN) stocks closed at $212.30 on October 1 local time, surging 15.78% following record client contract signings that addressed investor concerns about AI displacing traditional consulting demand. The global consulting and IT services firm reported fourth-quarter earnings per share

Democratic candidate James Talarico leads Republican Ken Paxton 51%-49% in the Texas Senate race, according to a Fox News poll released on local time October 1. The poll surveyed likely voters and revealed significant Republican voter defection, with 22% of non-MAGA Republicans and 20% of voters

GCash parent company Mynt set its initial public offering price at P6.60 per share on Thursday, October 1, with the decision disclosed on the Philippine Stock Exchange on Friday, October 2. The pricing values the fintech company at approximately P442 billion ahead of its stock market debut. The

Kyobo Life Insurance announced on the 2nd that it held the 'Bridging Finance Onchain' event on the 1st at the Four Seasons Hotel, expanding digital finance cooperation with Japan's SBI Holdings, Circle, and BDEX. The event aimed to share directions for digital finance business and discuss future

Samsung Electronics completed its planned stock buyback quantity by purchasing 53.8 million shares through the previous day, according to Korea Exchange corporate disclosure channel on October 2. The company exceeded its announced target of 53,285,968 shares set for the period from August 24 to

Korean refining and oil stocks surged in early trading on the morning of the 2nd, driven by escalating Middle East geopolitical tensions and a sharp rise in international oil prices on the 1st. S-Oil, SK Innovation, GS, and smaller oil distributors posted gains ranging from 1.55% to 7.53% as

Samsung Securities forecasts Samsung Electronics' Q3 operating profit will exceed 100 trillion won. Analyst Lee Jong-wook maintained a 'buy' rating and 400,000 won target price, citing memory market improvement. Lee stated that high price volatility from first-half DRAM price surges has concluded, w

Korean silver ETFs declined 11-13% over the recent one month period, outpacing gold ETFs' 9-11% drop, as prolonged high interest rates pressured precious metals markets. The steeper decline in silver reflected both rising bond yields and silver's characteristically higher volatility compared to gold

South Korea's Financial Supervisory Service (FSS) and the Korea Financial Investment Association held a briefing on 2일 at the FSS Yeouido office in Seoul, attended by over 170 CEOs of newly established private asset management firms. FSS Vice Governor Seo Jae-wan instructed CEOs to directly

Lloyds Banking Group completed live settlement payments with Visa using the dollar-pegged stablecoin USDC on September 30, transferring $750,000 in real settlement obligations over seven days. The pilot demonstrated that funds sent in USDC reached Visa within an hour even on weekends, a

Circle, the stablecoin issuer, submitted a request to the European Union to adjust stablecoin-related regulations under the Markets in Crypto-Assets (MiCA) framework on local time. The company called for maintaining the multi-issuance structure to enable global stablecoins to circulate within EU reg

Walmart faces mounting pricing pressures from rising oil and diesel costs and may need to selectively raise prices to defend profit margins, according to Bank of America analyst Chris Nardon following a Walmart investor meeting in Boston on October 2. The analyst reported that Walmart CEO and

The USD-KRW exchange rate is trading around the 1,360 won level on October 2nd, showing upward momentum driven by broad dollar strength. The dollar surged to its highest level in a year and a half overnight as French fiscal concerns triggered safe-haven demand, with the dollar index breaking

Token Terminal reported that $46.2 billion in real-world assets have been tokenized across 36 blockchain networks. The on-chain data analytics platform's report highlights an ecosystem with 5.8 million holders and $3.6 billion deposited into decentralized finance protocols. The tokenization of