Gate Crypto Flash News and Market Updates

According to Korea Exchange, South Korea's National Pension Service net sold 205.8 billion won in stocks from July 1-10, averaging 25.7 billion won per day. This represents just one-fourth of June's daily average net selling of 111.7 billion won. The reduced selling pressure reflects a shift in the fund's domestic stock allocation from 29.5% at end-June to an estimated 26.3% as of July 8, placing it within the fund's strategic asset allocation tolerance range.

According to Bloter, on July 12, South Korea's Fair Trade Commission completed its antitrust review of Mirae Asset Group's acquisition of cryptocurrency exchange Korbit. The approval marks a significant step for the Seoul-based financial group to build a digital asset trading infrastructure within the country's regulated framework.

According to the China Meteorological Administration, Typhoon Bawei weakened from typhoon level to strong tropical storm level on the morning of July 12. At 5 a.m., the storm's center was located in Yiwu, Jinhua, Zhejiang Province (29.3°N, 120.0°E), with maximum sustained winds of 11 level (30 meters per second) and a central pressure of 970 hPa. The typhoon is expected to move northwest at 20-25 km/h, gradually weakening. On July 13, it will shift northeast over eastern Anhui, then enter the no

On Friday, July 10, Apple sued OpenAI, OpenAI Foundation, and two former employees—Chang Liu and Tang Yew Tan—in U.S. District Court for the Northern District of California, alleging theft of hardware trade secrets. Apple claims Liu, who left the company in January after eight years, exploited an authentication bug to access Apple's internal systems, downloaded confidential hardware files including unreleased product information and technical specifications, and failed to return his company lapt

According to Financial Times, SK Hynix set the pricing for its American Depositary Receipts (ADRs) at $149 per share on July 9, equivalent to approximately 220,000 Korean won.

According to the Korean Exchange and Yonhapinfomax, KOSPI declined 11.8% in July through the 10th as major semiconductor stocks weighed on the index. Samsung Electronics fell 14.67% and SK Hynix dropped 17.74%, collectively accounting for 52.62% of KOSPI market capitalization. Meanwhile, the entertainment and culture index rose 7.78%, while the financial index gained 6.90%, as market funds rotated away from semiconductors.

According to Korea Exchange, several South Korean theme stocks surged sharply during the week of July 6-10, driven by a government semiconductor initiative and positive social media sentiment. Hansung Corp, a seafood processing company, led gains with a 100% weekly surge, rising from 4,230 won to 8,460 won on largely non-fundamental buying support from online communities. Kumho Electric and Kumho Construction, positioned as beneficiaries of the government's Honam Semiconductor Cluster project, g

According to an appeals court ruling, Marine Le Pen's candidacy ban was shortened, allowing her to run in France's April 2027 presidential election for a fourth time. The decision widened her lead in voter polls ahead of the election.

According to Elabe polling for BFM, French far-right National Rally candidate Marine Le Pen would receive 34% to 35.5% of votes if the first round of voting takes place this Sunday (July 13).

According to South Korean financial authorities on July 12, the government is activating a collateral loan system for retirement pensions to prevent early withdrawals by approximately 60,000 apartment-seeking residents. Currently, 82% of early pension withdrawals are by houseless individuals seeking to purchase homes or secure deposit funds for leases. Data from the National Data Platform shows that early withdrawals are primarily for home purchases (56.5%), lease deposits (25.5%), and personal

According to the Financial Investment Association, forced liquidations in South Korea surged to 142.2 billion Korean won on July 9, the fourth-largest single-day total on record. Of the six instances exceeding 100 billion won this year, five occurred after Samsung Electronics and SK Hynix single-stock leverage ETFs launched on May 27. Analysts attribute the spike to overlapping leverage ETF rebalancing and margin call pressures during volatile semiconductor trading. The SK Hynix leverage ETF now

On July 9, BNK Investment & Securities and KB Securities issued sharply divergent price targets for SK Hynix, with the former setting a "hold" rating at 1.85 million won and the latter maintaining a "buy" rating at 4.2 million won—a gap of over 2 million won on the same day. BNK analyst Lee Min-hee attributed the lower target to expectations that hyperscale data center operators will slow infrastructure investments despite continued DRAM and eSSD supply shortages, dimming momentum for semiconduc

According to News1, on July 12, South Korean securities firms disclosed sharply diverging target prices for SK Hynix and Samsung Electronics, creating confusion among investors. SK Hynix target prices ranged from 1.85 million won (BNK Investment Securities) to 4.2 million won (KB Securities), a difference exceeding 2x. Samsung Electronics targets spanned 360,000 to 600,000 won, with similarly wide gaps. For SK Hynix's 2028 operating profit, BNK projected 52 trillion won versus Samsung Securities

According to News1, South Korea's KOSPI index fell 612.4 points (7.57%) during the week of July 6-10, declining from 8088.34 to 7475.94. The selloff was triggered by Samsung Electronics' strong second-quarter results, which paradoxically raised concerns that semiconductor earnings growth may have peaked. The market also faced pressure from renewed U.S.-Iran military tensions, as Iran attacked commercial vessels in the Strait of Hormuz, prompting American airstrikes and raising questions about a

According to Money Today on July 12, South Korea's government plans to reform its retirement pension system by allowing subscribers to borrow against their pension funds and gradually increasing risk asset limits. The Financial Services Commission, Financial Supervisory Service, and Ministry of Employment and Labor are reviewing amendments to enable private financial institutions to offer collateralized pension loans. Currently, pension receivable rights cannot be transferred or seized as collat

The Ethereum Foundation recently used AI agents to test blockchain software and discovered real bugs, including a critical flaw designated CVE-2026-34219, according to field notes published by its Protocol Security team. The vulnerability was found in gossipsub, the messaging layer used by Ethereum clients, which allowed remote systems to trigger node crashes. However, the exercise also revealed a significant limitation: AI agents generated convincing false positive reports that appeared technic

Five Senate Democrats called for congressional hearings into President Trump's crypto holdings on Friday after financial disclosures revealed over $1.2 billion in crypto-related income. Lawmakers Elizabeth Warren, Richard Blumenthal, Gary Peters, Dick Durbin, and Ron Wyden, the top Democrats on their respective banking, investigations, homeland security, judiciary, and finance committees, cited concerns about potential conflicts of interest and Trump's role in shaping crypto policy while profiti

According to U.S. officials on July 10 and 12, American negotiators will not travel to Oman to attend direct talks with Iran. The U.S. technical team will not be present on site but will maintain contact with Oman and Qatar as developments unfold. Additionally, U.S. officials stated that Iran did not commit to halting attacks on ships in the Strait of Hormuz as the American side had anticipated. According to Iranian sources, Oman and Iran officials discussed a 'vessel safe passage mechanism' and

According to Iran, on July 11, Tehran released satellite imagery claiming to show the Iranian missile strike on Muwaffaq Salti Air Base in Jordan. The images show at least two facilities at the base were hit, with Iran claiming a U.S. aircraft hangar was destroyed. The strike follows what Iran said were repeated U.S. violations of a ceasefire agreement.

Gate News message, a previously tracked $12.43M ETH short position has been partially liquidated. According to Onchain Lens, the whale initially deposited approximately $500K to Hyperliquid and opened the short position with 6,914 ETH at 25x leverage, with an entry price of $1,790.36. The position has now been closed in stages: 109.71 ETH closed with a loss of $3.6K, approximately $2.49M partially liquidated with a loss of $50.6K, and the remaining 5.44K ETH short closed with a loss of $148.6K.