Gate Cryptocurrency News and Market Analysis

Jim Bianco, head of Bianco Research and Wall Street veteran, stated on the 16th (local time) via his X account that the Federal Reserve 'finally listened to market signals' regarding the September Federal Open Market Committee (FOMC) results. Bianco explained that the market had been warning for the

UniCredit is evaluating the expansion of its digital asset business, with six categories of services covering custody, brokerage, tokenized investments and fixed income, Stablecoins, and Cryptocurrency exposure, among others, but has not yet decided on its technology partners or when to open access to retail customers. Existing professional clients can access Bitcoin Spot exposure and futures, as well as ETPs/ETNs/ETCs, through structured products and UniCredit Brokerage. Several European banks are advancing their digital asset initiatives, with MiCA providing the regulatory framework.

Kakao held an online meeting for minority shareholders on the 16th to share its corporate spin-off plan and shareholder return policy, the company announced on the 17th. The meeting addressed the spin-off announced on the 21st of last month, which will divide the KakaoTalk division into Kakao AI and

Sept. 17: Bitcoin traded weakly at $76,250. The FED voted unanimously, 12–0, to raise the federal funds rate by one quarter-point (25 bps), from 3.50%–3.75% to 3.75%–4.00%, marking the first rate hike since July 2023. The dot plot showed a median year-end 2026 rate forecast of 4.1%, implying that there could be one more rate hike this year. FOMC Rate Hike Decision: Federal Funds Rate Raised to 3.75%–4.00% All 12 voting members of the FED voted unanimously, 12–0, at the September 16, 2026, meetin

Stablecoin payment and treasury management platform Velocity raised $10 million (approximately 14 billion KRW) in a Series A extension round on the 17th, with participation from Visa Ventures, Circle Ventures, Ripple, Haun Ventures, Translink Capital, and Mirana Ventures. The additional funding

LG held an executive meeting on the 16th at LG Inhwa-won in Icheon, Gyeonggi Province, to discuss investment strategies for securing future competitiveness in the AI era. The meeting addressed responses to industrial and technological paradigm shifts driven by artificial intelligence. CEO Koo

The Bank of Korea raised its benchmark interest rate consecutively in July and August, tightening liquidity, while the government announced an 820.9 trillion won budget proposal for next year in September, marking a significant spending increase. Bank of Korea Governor Shin Hyun-song defended the

AI crypto founders including ilblackdragon advocated for user-centric solutions in AI during a recent roundtable discussion at TheStreet. The founders emphasized the importance of confidential inference that prioritizes user needs over corporate interests. This advocacy aligns with NEAR Protocol's f

Fed Chair Kevin Waller did not submit his own dot plot projection at the latest FOMC meeting on September 17, continuing his practice of withholding individual forecasts while providing a reaction function framework for policy decisions. The dot plot median showed a 4.1% year-end policy rate project

The USD-KRW exchange rate completed a 5-trading-day consecutive rise through May 16, climbing from 1,336.10 won on May 9 to 1,368.60 won, marking the first such streak since the May 8-15 period. The 2.6% weekly depreciation of the Korean won against the US dollar—the largest among G10 and emerging m

Kyobo Life Insurance and Japan's SBI Group completed a pilot project testing direct conversion between Japanese yen and Korean won stablecoins without using the US dollar as an intermediary currency, the companies announced on September 17. The 'Korea-Japan Stablecoin-Based Cross-Border Pilot

Whale Alert reported a transfer of $182 million USDC from Aave to an unknown wallet address. The transaction involved 182,031,197 USDC moved from the decentralized finance protocol Aave, which allows users to lend and borrow cryptocurrencies. Aave operates as a significant player in the DeFi

Korea Kolmar, a cosmetics original design manufacturer (ODM), achieved a credit spread of 110.8 basis points on its 3-year corporate bonds as of the 16th, according to Yonhap Infomax bond pricing data. This spread is 21 basis points narrower than the 131.8bp average for same A-grade corporate bonds,

Salesforce announced a fiscal year 2030 annual revenue target exceeding $63 billion at its Dreamforce conference on the 16th (US local time), surpassing Wall Street's $59.2 billion estimate compiled by LSEG. The announcement comes as the cloud software company addresses 'SaaSpocalypse' concerns

Goldman Sachs has deepened its institutional involvement with decentralized trading platform Hyperliquid, according to PURR CEO David Schamis. The global investment bank published research on Hyperliquid and engaged with approximately 20 investors, including Point72 and Citadel, marking a shift

South Korean President Lee Jae-myung meets with International Energy Agency (IEA) Executive Director Fatih Birol on the 17th at 2pm at Cheongwadae to discuss international oil prices and crude supply situations following the Middle East conflict. The meeting will focus on strengthening

Lee Jin-woo, Research Center Director at Meritz Securities, stated in an interview on the 17th with Yonhap Infomax that the US Federal Reserve's rate hike would burden Korean stocks but the shock would be limited. The assessment followed Fed Chair Kevin Wash's indication of potential additional rate