Gate Cryptocurrency News and Market Analysis

The Korean stock market showed signs of reduced concentration in large-cap stocks as the KOSPI 200 equal-weighted index outperformed the standard market-cap weighted index during the recent downturn from last month's 22nd to this month's 22nd. While the KOSPI 200 fell 27% during this period, the equ

SK Telecom established a new subsidiary, SK Hyper, following a board decision on the 23rd to accelerate its AI data center business. The South Korean telecom operator approved an investment of 750 billion won through 2030 to build business foundations for the new entity. SK Hyper, wholly owned by SK

US-listed cryptocurrency exchange-traded funds recorded net inflows on July 22, with spot Bitcoin ETFs attracting $69.1 million and spot Ethereum ETFs bringing in $72.7 million as institutional investors gradually rebuilt exposure to digital assets. The Bitcoin ETF inflows marked the seventh

The Senate's latest CLARITY Act draft includes an ethics restriction that would automatically expire at noon on January 20, 2029, the exact moment President Donald Trump's current term is scheduled to end. The provision would temporarily prohibit the president, vice president, members of Congress an

KB Securities said on the 23rd that consecutive rate hikes in August are unlikely despite Q2 GDP exceeding forecasts, as growth momentum slows. Researcher Lim Jae-kyun noted that if the GDP-GDI gap peaked in Q2, July inflation will likely remain subdued. Q2 real GDP rose 0.6% QoQ and 3.7% YoY,

International oil prices surged after Houthi rebels attacked a tanker in the Red Sea near Saudi Arabia, with Brent crude September futures rising 2% to $95.9 per barrel at 2pm local time on the London ICE Futures Exchange. The Iran-aligned Yemeni group claimed responsibility and had declared a

Nick Mussallem, CEO of AvaCloud, presented on the topic 'The Next Century of Payments' at a seminar held on the 23rd at the NHN KCP building in Guro-gu, Seoul. Mussallem advocated for blockchain-based payment infrastructure, stating that while payment methods have evolved from paper money to

The Dutch Hague District Court recently rejected Halozyme Therapeutics' request to halt Keytruda Cuvex sales in Denmark and Sweden, according to foreign media reports on the 23rd. Keytruda Cuvex is a subcutaneous injection formulation developed by MSD using Alteogen's ALT-B4 technology. The

Dong-A Socio Holdings held a board meeting on the morning of the 23rd and approved the absorption merger of its 100% subsidiary Dong-A Pharmaceutical, with the merger scheduled for October 1. The company will transition from a pure holding company to an operating holding company structure that

South Korea's Big 4 entertainment companies saw target price cuts from analysts on July 23, as HYBE closed at 211,000 won (down 36.1% year-to-date), SM Entertainment and YG Entertainment fell over 40%, and JYP Entertainment dropped over 30% — contrasting sharply with the KOSPI index's 68.4% gain ove

Foreign investors resumed buying Samsung Electronics and SK Hynix stocks from July 8-23, purchasing 1.097 trillion won and 468.9 billion won respectively on the Korean stock market. The buying activity occurred as exchange rates stabilized and stock prices underwent significant short-term

Blockchain security firm CertiK reported on Thursday that home invasions became the most common form of crypto wrench attacks during the first half of 2026, rising to 20 publicly reported incidents from just one a year earlier. CertiK verified 52 wrench attacks worldwide in H1 2026, up 33.3% from 39

IPARK Hyundai Development reported Q2 operating profit of 122.7 billion won on the 23rd, up 52.9% year-over-year, according to a regulatory filing. Revenue totaled 914.6 billion won, down 21.4% from the prior-year period, while net profit reached 83.7 billion won. The results mark the first time the

Tesla confirmed it has not sold any of its Bitcoin holdings in 2026, maintaining the same 11,509 BTC position through the second quarter despite cryptocurrency market volatility. The electric vehicle manufacturer recognized an unrealized impairment loss of approximately $112 million during the secon

South Korean asset management companies launched 9 active exchange-traded funds among 18 new ETF listings during the past month from June 23 to July 23, according to the financial investment industry on the 23rd. The surge in active ETF launches reflects increased market volatility and widening

AI-related corporate bond issuance reached $489 billion this year, surpassing last year's estimated $322 billion, according to Goldman Sachs data cited by Yahoo Finance on the 22nd local time. Hyperscalers directly issued 40% of the total, with the remainder contributed by data center financing

BitMEX exchange announced it will shut down on September 23, 2026, at 04:00 UTC, ending an 11-year operational run. The Seychelles-based cryptocurrency derivatives platform disclosed the closure Thursday following a strategic business review. The exchange immediately halted new account

South Korea's Financial Services Commission stated on May 23 that the timing of Phase 2 guidelines for corporate crypto trading will be linked to the Digital Asset Basic Act and related legislation. Kim Sung-jin, FSC Virtual Asset Division Director, announced at a conference held at the National Ass

KOSPI small-cap stocks are experiencing a severe liquidity crisis surpassing KOSDAQ market conditions, according to Korea Exchange (KRX) data. The KRX KOSPI Small Cap Index closed at 2291.06 on the 23rd, up 3.94% but down approximately 25% from its April 29 peak of 3058.39 and about 10% below year-s