Gate Cryptocurrency News and Market Analysis

President Donald Trump announced on Sept. 29, 2026, that he signed a document changing the official name of artificial intelligence to 'super intelligence' during a White House meeting with technology executives including Nvidia CEO Jensen Huang and SpaceX CEO Elon Musk. Trump stated the name

International gold prices rose on September 29 (US Eastern Time), with December delivery gold futures climbing 0.61% to $4,193.70 per troy ounce as of 2:34 PM. The increase was driven by dovish comments from New York Federal Reserve President John Williams, who stated policymakers have time to

US stock market major indices extended declines for a second consecutive day on the 29th (local time), pressured by 30-year US Treasury yields reaching a 24-year high. The Dow Jones fell 0.25% to close at 51,350.99, while the S&P 500 declined 0.17% to 7,670.84 and the Nasdaq edged down 0.09% to 26,7

Individual Savings Accounts (ISA) in South Korea surpassed 10 million subscribers as of the end of August, with total deposits reaching 76.5 trillion won, according to the Korea Financial Investment Association on the 29th. The milestone represents approximately one in four adults aged 19 and

Korean corporations issued 10 trillion won less in stocks and corporate bonds in August 2026 compared to the previous month, according to data released by the Financial Supervisory Service on the 30th. The decline was driven by a 7 trillion won drop in financial bond issuance due to seasonal

Samsung Electronics and SK Hynix share buyback programs are set to conclude by early next month, with Samsung reaching 87.3% completion and SK Hynix at 75% as of the 29th. The buybacks have provided critical stock price support amid heavy selling by foreign and retail investors during the recent mon

Korea Development Bank reduced funding to venture and startup companies by more than half over a four-year period, while increasing capital supply to large corporations beyond 20 trillion won. According to data submitted to the National Assembly's Political Affairs Committee by Democratic Party

SK Ecoplant is selling its 30% stake in Malaysian waste management company Cenbio to French environmental firm Veolia, according to investment banking sources on September 29. Veolia is conducting due diligence to acquire management control

The Bank of Korea removed the international ranking table from its foreign exchange reserves press release after consulting with the Ministry of Economy and Finance. According to parliamentary audit materials submitted on the 30th to National Assembly member Lee Jong-wook of the People Power

Oracle, Bloom Energy, and Carnival stocks surged on 29일 (현지시간) following distinct catalysts across AI, energy infrastructure, and leisure sectors. Oracle climbed 4.17% to $138.13 after unveiling its agentic AI application 'Fusion Clo,' which combines AI reasoning with enterprise computing. Bloom Ene

Goldman Sachs' board has discussed a succession plan to replace CEO David Solomon, 64, with president John Waldron, 57, as early as next year, The Wall Street Journal reported late Monday. The transition would elevate Solomon to executive chairman, with a potential board vote in coming months. The d

Bloom Energy Corp. (BE) shares jumped 11% on Tuesday, marking the stock's best day since August. The rally reversed a steep Monday decline as investors returned to the fuel-cell maker amid fresh analyst commentary and renewed interest in on-site power for artificial-intelligence data centers.

Illinois unveiled draft rules on September 29 to introduce its first tax regime for virtual assets, or cryptocurrencies, according to a report by Cointelegraph. The proposal aims to establish a new tax framework specifically designed to apply a separate levy to virtual assets. This marks Illinois' f

Anthropic could spend up to $84.5 billion through 2029 on Nvidia-based computing capacity supplied by xAI, the artificial intelligence company owned by Elon Musk's SpaceX, according to a confidential IPO prospectus reported by Reuters on Sept. 29. The agreements can mostly be canceled with 90

Binance Chief Executive Officer Richard Teng stated that spot Bitcoin exchange-traded funds recorded net inflows of $999 million, according to a Cointelegraph report on Sept. 29. The inflows occurred despite elevated US Treasury yields, which typically exert downward pressure on demand for risk

Anthropic posted a net loss of nearly $42 billion in 2025 on $4.6 billion in revenue, according to a draft IPO prospectus confidentially filed with the SEC on June 1 and reviewed by Reuters. About $34 billion of the loss was a non-cash accounting charge tied to convertible financing whose

Kevin Sneider, Goldman Sachs Asia-Pacific (ex-Japan) representative, stated on May 27 that major Korean semiconductor companies will generate over 300 trillion won in cash next year, and how this capital is allocated will determine the trajectory of Korean corporate valuations. In a written

Hester Peirce will leave the US Securities and Exchange Commission (SEC) on Friday after serving as a commissioner for eight years, departing about two months before the end of her second term's 18-month extension. The resignation reduces the SEC to two commissioners—Chair Paul Atkins and Mark

OpenAI is in early-stage discussions for a new funding round targeting $30 billion that could value the ChatGPT developer at $1.4 trillion, Bloomberg reported Tuesday citing people familiar with the matter. The proposed valuation represents a 64% increase from OpenAI's $852 billion valuation in