Gate Crypto Flash News and Market Updates

According to Hyundai Motor Securities, the brokerage upgraded Kakao Games to Buy from Neutral on October 8 and raised its price target to 13,000 KRW from 11,000 KRW. Analyst Choi Seung-ho expects the gaming company to achieve profitability next year, with operating profit of 96 billion KRW against r

According to Peptron's official statement released on October 8, the company's technology evaluation period with global pharmaceutical giant Eli Lilly for the SmartDepot platform ended on October 7, with no subsequent commercialization contract reached. The Seoul-listed biotech firm's shares fell to

According to Financial News, on October 7, SOL Global DRAM Semiconductor Plus ETF, a new exchange-traded fund focusing on global memory chip makers including Samsung Electronics, SK Hynix, and Micron, attracted 5.8 billion won in net individual purchases on its first trading day. The product

According to South Korea's Ministry of Land, Infrastructure and Transport, monthly rent (월세) surpassed traditional deposit-based jeonse leases in Seoul apartments for the first time in August 2026, with monthly rent accounting for 52.3% of new rental contracts. This marks a sharp reversal

According to ChainCatcher, Ethereum co-founder Vitalik Buterin warned on X that AI-accelerated mathematical research could threaten existing cryptographic systems within two years, particularly lattice-based schemes like ML-DSA and fully homomorphic encryption. He noted that ECDSA may face faster-th

According to the China Foreign Exchange Trade System (CFETS), the Chinese yuan rate index rose 0.27 points to 103.20 on September 30.

According to BlockBeats, on October 8, Hyperliquid's development team HyperLabs redeemed 3.75 million HYPE tokens (approximately $332 million) and distributed them through five wallets, with the funds ultimately consolidated at address 0x875...1d1, which appears to be an institutional buyer

At 8:30 Beijing time on October 8, spot platinum declined 0.35%, while spot palladium rose 0.09% in early trading.

According to Business Insider, Amazon cut positions across multiple departments on Tuesday, October 6. The affected divisions include customer service, marketplace support, and engineering roles within retail operations, as well as teams in India and the United Kingdom. A person familiar with the ma

On October 6, Skydance completed its acquisition of Warner Bros. Discovery, creating a new entertainment conglomerate combining Paramount Pictures, Warner Bros. Pictures, CNN, CBS, and multiple streaming platforms. Including debt, the transaction valued at approximately $110 billion, represents

According to the Federal Reserve's September meeting minutes, all 19 officials supported a 25 basis point rate increase, with most believing further policy tightening is necessary before year-end. However, recent cautious statements from Fed officials have cooled market expectations for another

According to the company announcement, China International Holdings (08118) completed a placement of 100 million shares at HK$0.049 per share on October 7, 2026. The shares were placed with not fewer than six subscribers under the terms of the placement agreement. Following the completion,

According to Sui's official announcement, Samsung Wallet will integrate Sui blockchain, with support rolling out across 82 million Galaxy devices in the United States. The integration enables zero-fee USDC transfers on Sui, with users able to send stablecoins without paying network gas

According to ChainCatcher, citing sources, SK Hynix's Solidigm has selected Goldman Sachs and Morgan Stanley as lead underwriters for a planned U.S. IPO as early as 2027, targeting approximately $10 billion in fundraising with a potential valuation of up to $100 billion. JP Morgan, Citigroup, and

From October 7 to 8, 2026 (UTC), ETH traded within a narrow range of 2,695.0 to 2,699.43 USDT, with a 24-hour amplitude of just 0.04%, edging up 0.04% to close near 2,699 USDT. Although its intraday decline reached 4.88% at one point, sending it to a low of $2,537, it recovered its losses late in the session, indicating that short-term oversold rebound momentum is building. Market attention remained high, with volatility intensifying but no panic selling emerging. The core drivers of this move w

According to PANews, on October 8, Mecka AI, a robotics data startup, completed a $60 million Series B funding round led by Sequoia Capital. Nvidia, Microsoft's M12, Qualcomm, and Samsung Electronics participated in the round. Mecka AI specializes in collecting and analyzing human motion data to

According to CNBC, Microsoft unveiled the Surface Laptop Ultra today, a Windows laptop featuring an Nvidia AI chip, with prices starting at $2,599. Preorders are now open, with shipping beginning on October 16. The device enables users to run large AI models locally, reducing reliance on cloud

According to Tom Lee, Bitmain Emergence Technologies chairman, speaking at a Singapore event on October 7, the company plans to halt ethereum purchases once its holdings reach 5% of circulating supply. Bitmain currently holds 6.016 million ETH representing 4.9% of the approximately 122.1 million cir

According to Yonhap Infomax, SK Telecom and Upstage signed an AI cybersecurity cooperation agreement today (October 8) with nine major security firms and universities including SK Shielders, SecureI, AhnLab, RAON Secure, Genians, Piolink, Korea

According to Palestinian sources, the Israeli military conducted airstrikes and gunfire attacks on multiple locations in Gaza early on October 7, killing at least 3 Palestinians. One person was killed in an Israeli drone strike on Khan Yunis in southern Gaza.