Gate Crypto Flash News and Market Updates

According to Financial News, South Korea's margin financing balances declined approximately 5 trillion won in July as volatile market conditions triggered forced liquidations. The financing balance fell from a record 38.63 trillion won on June 24 to around 33 trillion won by late July, with single-day reverse trades reaching 142.2 billion won. Concerns extend beyond retail losses to banks and brokerages, as unpaid margins exceeded 1.4 trillion won and the central bank raised its benchmark rate t

According to CCTV International, Iran's air defense system downed an aircraft over Qeshm Island in the Persian Gulf on July 24. The incident coincided with reports of explosions across multiple provinces including Hormozgan, Khuzestan, Yazd, and Markazi, as well as activation of air defense systems in Tehran to counter what authorities described as hostile aerial threats.

B Capital appointed Dr. Andrew Jackson as general partner and chief AI officer, leading the firm's AI strategy across investment, portfolio management, and operations. Jackson previously served as group chief AI officer at G42, an Abu Dhabi-based AI and technology company, where he collaborated with OpenAI on country-specific AI strategies for the United Arab Emirates and oversaw governance for Stargate UAE, a 1-gigawatt AI compute cluster. The appointment underscores B Capital's expanded focus

According to JPMorgan Chase, the bank raised its target price for Bank of China Hong Kong (02388) by 23% to HK$53.3 from HK$43.3 today (July 24), upgrading its rating from Neutral to Overweight. The stock has outperformed the Hang Seng Index by 29% year-to-date, though JPMorgan expects an additional 8% total shareholder return and further outperformance over the next 6–12 months. JPMorgan expects credit costs to decline in 2026 and beyond, supported by improving asset quality in Hong Kong's comm

According to PV GAS, Vietnam's state-owned natural gas company issued a spot liquefied natural gas supply tender on August 24, seeking to procure 1.5 to 1.7 million MMBTU of LNG for delivery between August 10 and 26.

India's services sector PMI (Purchasing Managers' Index) initial reading for July fell to 53.1, down 4.3 points from the previous month's 57.4, indicating a significant contraction in business activity.

According to Yonhap Infomax on July 24, Hyundai Rotem reported Q2 revenue of 1.6061 trillion won and operating profit of 232.4 billion won, missing market consensus forecasts. Revenue grew 13.3% year-over-year, but operating profit declined 9.7%. Analyst forecasts from four major South Korean brokerages had projected Q2 revenue of 1.7186 trillion won and operating profit of 289.1 billion won.

According to official data, India's composite PMI initial reading came in at 54.3 in July, declining from 57.1 in the prior month, signaling slower economic growth momentum.

According to the Seoul Exchange, both KOSPI and KOSDAQ markets triggered sell-side circuit breakers on July 24 following sustained selling pressure from foreign investors and institutional traders. As of 1:22 p.m., the KOSPI index fell 394.01 points (5.55%) to 6,702.88. Samsung Electronics and SK Hynix declined over 7% each amid the broad selloff. The KOSPI circuit breaker was activated at 11:23 a.m.

According to Guru Club, Singapore's benchmark stock index fell 1.2% on June 4, closing at 5,076.81 points.

JPMorgan Chase upgraded Intel's price target from $45 to $85 on July 24, according to Odaily.

Cathay Pacific and Cathay Cargo will adjust fuel surcharges for passenger and cargo operations effective August 1, responding to recent increases in fuel prices.

According to BlockBeats, SK Group Chairman Choi Tae-won and his ex-wife Roh So-young's divorce settlement case was retried on July 24, with control of SK's core assets at the center of dispute. The case has become increasingly sensitive amid the AI chip boom, as SK Hynix—a key supplier of high-bandwidth memory (HBM) for Nvidia—has become one of Asia's most valuable assets in the AI infrastructure cycle. Choi's personal wealth is estimated at approximately $5 billion, with his ex-wife reportedly

According to Google's latest "AI and the Economy ATLAS v1.0" report released on July 24, there is no evidence that artificial intelligence is causing widespread white-collar job replacement. Instead, AI predominantly functions as a collaborative tool assisting humans in completing complex tasks. The report, based on 15 million anonymized interactions across 800+ professions and 4,000 job tasks, reveals that while AI now spans 68% of U.S. occupations covering 88% of employment, its penetration de

According to Lookonchain data cited by PANews on July 24, trader loracle.hl's 104,848 CL short positions worth $9.68 million were completely liquidated with an $680,000 loss due to rising crude oil prices. The trader subsequently opened a new 33,500 CL short position worth $3.07 million.

According to Taiwan's Central News Agency (CNA) citing government statistics released on July 23, Saudi Arabia purchased $47.2 million worth of Taiwanese drones in June, marking the largest single-month purchase by any country since Taiwan began tracking drone export data in June 2023. The purchase reflects Taiwan's strategy to build a non-China supply chain and expand defense exports to the Middle East, according to Bloomberg.

According to U.S. Joint Chiefs Chair Dan Kaine on July 21, Ukraine's F-16 fighter jets achieved their first air-to-air combat victory by downing a Russian Su-35 fighter aircraft. Kaine confirmed the milestone during a U.S. Senate Appropriations Committee hearing in Washington, though specific details including the engagement location, weapons used, and exact timing were not disclosed. Ukrainian media and foreign outlets suggested the engagement likely involved a Su-35 shot down on July 8.

According to Yonhapinfomax, South Korea's Policy Director Kim Yong-beom proposed on July 23 that Korea should pursue multilateral cooperation with mid-sized nations rather than competing directly with the U.S. and China in artificial intelligence. Kim noted that Korea's domestic market of only 50 million people makes independent competition impractical, arguing instead for collaborative AI operating models in public services including healthcare, education, and administration. President Lee Jae-

According to Chosun Daily, on July 24, KAIST and Nvidia announced the establishment of the Nvidia-KAIST AI Joint Research Center at KAIST's Kim Jaechul Graduate School of AI with $300 million in investment and $50 million worth of AI computing resources each year. The center will focus on developing Korean-language AI systems and industry-specific models tailored to South Korean industries over an initial five-year period.

According to Clarin and a draft bill prepared by Deregulation Minister Federico Sturzenegger, Argentina is proposing sweeping changes to modernize its capital markets by integrating digital assets and blockchain technology. The bill allows investment funds to invest in digital assets, potentially unlocking billions in new demand. It also approves full tokenization of negotiable securities for issuance, custody, and transfer using decentralized technologies, enabling faster and cheaper stock mark