Gate Cryptocurrency News and Market Analysis

South Korea's KOSDAQ stock market recorded 16 new listings in Q3 2026. The IPO fundraising total reached 498.4 billion won during July-September, down 58% from 1.193 trillion won in Q3 2025, with zero companies listing on the main KOSPI board following K Bank's earlier debut. Corporate bond

South Africa's Absa Group launched a digital-asset custody service on October 2, becoming the first bank in Africa to offer such a service, Bloomberg reported. After securing approval from South African regulators, Absa began providing digital-asset storage, management and transfer services to

David Lee, APAC Head of institutional wallet provider Utila, presented on wallet infrastructure for tokenized assets at the STO Summit 2026 held at the Korea Exchange Conference Hall in Yeouido, Seoul. Lee emphasized that as blockchain-based financial markets expand through security token

The KOSDAQ index rebounded 13.0% from its September low, closing at 893.29 points on October 2 after bottoming at 790.21 points on September 3. Institutional investors drove the recovery by net purchasing 1.0115 trillion won in Korean stocks between September 1 and October 2, led by investment

Meta Platforms Inc. stocks rose nearly 29% in the third quarter of 2026, the company's strongest quarterly performance in more than two years, driven primarily by September gains following the launch of Muse, a personal AI agent. The stock closed September at $725.18, approximately 8% below its

Hana Financial Group opened its new headquarters in Cheongna International City, Incheon, on October 2, completing the Hana Financial Town project 14 years after signing its first agreement with the city in 2012. The relocation includes the group's data center and Hana Global Campus, its global

KOSDAQ-listed DAT (Digital Asset Treasury) companies avoided delisting risk as their market capitalizations surged above the exchange's minimum threshold in the second half of this year. Bitmax closed at 2,155 won on the 2nd with a market cap of 30.8 billion won, up 103.96% from 15.1 billion won at

Decentraland's MANA token surged 10.07% in 60 minutes, reaching a price of $0.0984. The rapid price movement attracted trader attention as the asset climbed from $0.0894 to its current level. The surge occurred amid mixed signals across the broader cryptocurrency market, with MANA recording a

Bitcoin is currently assessed at fair value according to its MVRV Z-Score, a metric comparing market value to the price paid by holders, as noted by crypto commentator @bitfinex. The cryptocurrency is trading around $64,000 to $65,000, approximately one-third below its all-time high. This

Fourteen companies are conducting demand forecasting in the Korean stock market in October as the fourth-quarter IPO market gains momentum. Among them are fashion company Musinsa and other firms targeting unicorn status with corporate valuations exceeding 1 trillion won. The surge follows a

Richard Teng, in a recent tweet, stated that tokenized stocks are gaining prominence and becoming integral components of the onchain economy. Binance, the cryptocurrency exchange, operates a tokenized stocks initiative called bStocks that enables users to trade U.S. stocks as tokenized assets on

Kim Young-hwan, a Democratic Party lawmaker, on October 2 questioned the Bank of Korea's case for additional rate hikes. Kim cited National Assembly Budget Office analysis showing oil prices and exchange rates drove recent inflation more than demand factors. The lawmaker argued that given two

The USD/KRW exchange rate fell to 1350.6 won at 3:30 PM on the 2nd, down 7.8 won from the prior day's close, despite rising US Treasury yields, surging oil prices, and continued foreign investor net selling in domestic equities. The decline was driven by a record September trade surplus of 49.9

Judge Jennifer Rochon of the US District Court for the Southern District of New York dismissed a class action lawsuit against Kelsier Ventures and decentralized finance platform Meteora related to the LIBRA meme coin, Bitcoin.com reported on October 2. The court found that conduct related to LIBRA o

South Korea's five largest won-market crypto exchanges — Upbit, Bithumb, Coinone, Digital X and Gopax — have all shortened balance reconciliation intervals to less than five minutes, Financial News reported October 2 citing data Democratic Party lawmaker Kang Jun-hyun's office received from the Fina

SK Group Chairman Choi Tae-won disclosed on October 2 the sale of approximately 1.65 million shares of SK Inc. to fund a divorce settlement with Roh So-young, director of Art Center Nabi. The transaction, valued at 944 billion won, is scheduled to execute on November 2. The sale stems from a July

The USD-JPY exchange rate fell 0.16% to 157.810 yen as of 2:10 PM on October 2 in the Tokyo foreign exchange market. The decline followed statements from Federal Reserve officials on October 1 (local time) indicating no rush for additional rate hikes, weakening expectations for early US rate

Delta Air Lines stocks are drawing attention this week as a public feud between CEO Ed Bastian and Elon Musk escalates over the airline's decision to reject Starlink for in-flight Wi-Fi. Delta is the only major U.S. carrier choosing Amazon's Leo satellite system instead of Starlink, a choice that

SAND cryptocurrency surged 11.39% in 15 minutes, climbing from $0.0482 to $0.05369. The rapid price movement reflects broader positive market sentiment, with SAND recording a 21.58% gain over the past 24 hours and a 14.84% rise in the last hour. Trading volume reached $6,254,211.66 during the surge,