Gate Crypto Flash News and Market Updates

According to Yonhap Infomax, on July 28, South Korean debt issuers have begun shifting from welcoming SK Hynix's large-scale credit market purchases to taking a more selective stance. While SK Hynix initially played a crucial role in supporting market liquidity when institutional demand dried up, issuers are now increasingly selective, particularly in the special bonds segment, citing pre-set interest rate conditions and refinancing risks as concerns. Market participants noted that some issuers

According to CoinDesk, MicroStrategy (NASDAQ: MSTR) raised $544.5 million through a stock offering last week (July 27, U.S. time), bringing its total cash reserves to $3.75 billion. The company sold more than 5.4 million shares of common stock. Of the proceeds, $25 million was used to repurchase 288,930 shares of preferred stock (STRC). MicroStrategy did not purchase Bitcoin during the period, with its holdings remaining unchanged at 843,775 BTC.

Nanotech Semiconductors reported second-quarter revenue of $10.5 million, up 22% sequentially and at the high end of guidance. High-power market business grew over 50% year-over-year, while non-GAAP gross margin improved to 39.5%. The company raised approximately $373 million in equity funding this quarter, bringing cash and equivalents to $557 million with zero debt. For the third quarter, Nanotech guides revenue to $13.5 million (±$500,000), representing 28% sequential growth and a return to y

According to an International Monetary Fund (IMF) analysis reported today (July 28) by Nikkei newspaper, Japan would face the largest economic impact among major economies if rare earth supplies are cut off, with GDP declining by 2.3%. The vulnerability stems from Japan's high dependence on the automotive industry, which relies heavily on rare earth elements for manufacturing.

According to Nippon News, Singapore's birth rate reached the lowest level since 1965, with the number of newborns falling below 30,000 for the first time in 2025, declining 11.4% year-over-year.

According to Tom Lee, head of research at Fundstrat Global Advisors, the market's fear over artificial intelligence capex is actually a bullish sign this week, not a warning of an approaching market top. Lee argues that widespread skepticism about the AI trade's durability indicates the cycle still has room to run, as investors rarely question a narrative's longevity right before it peaks. "The fact that many people are saying that is a sign that we're not at a top because people are questioning

According to South Korea's Ministry of Industry, Trade and Resources, the government held an emergency supply assessment meeting for naphtha and petrochemical products on July 28, following Iran's declaration to re-blockade the Strait of Hormuz and Saudi Arabia's announcement of maritime closure. The meeting, jointly conducted with petrochemical industry representatives and the Korea Chemical Industry Association, reviewed current naphtha supplies and inventory status. South Korea's petrochemica

According to Yahoo Finance, quantum computing stocks rallied on July 27, with D-Wave Quantum jumping 18.8% in after-hours trading after AT&T announced it would expand deployment of D-Wave's technology across its network operations, building on an earlier pilot project aimed at optimizing telecommunications operations.

According to Nick Timiraos, Federal Reserve Chair Kevin Warsh announced the creation of five working groups during a dinner following his first meeting, aimed at reassessing how the Fed interprets economic data. The move immediately drew scrutiny from Governor Chris Waller, who suggested the conclusions could be predicted once member names are disclosed. Warsh now faces the challenge of convincing his 18 colleagues to abandon what he views as outdated traditional frameworks. A major test is sche

According to Zhitong Finance, South Korean leverage ETFs tracking chip stocks fell sharply on Monday, with the Southern 2x Long Hynix ETF (07709) dropping 21.72% to HK$42.68 and the Southern 2x Long Samsung Electronics ETF (07747) declining 18.41% to HK$68.06. The selloff came as Nvidia's credit default swap (CDS) price posted its largest single-day gain on record. Nvidia is advancing AI infrastructure partnerships worth over $750 billion, including deepened cooperation with South Korea's SK Gro

According to Yonhap News, Daegu city is officially launching a future mobility demonstration project in H2 2026 to enable residents to experience relevant services in their daily lives. The project covers logistics, passenger transport, and AI drones.

According to TechCrunch, Apple faced a lawsuit over App Store security following a Sparrow Wallet scam. Three plaintiffs alleged they were misled into downloading a fraudulent version of the Sparrow Wallet application—which has no official iOS release—and collectively lost over $1.8 million. Individual losses were James Ramirez $875,000, Christopher Ellis $840,000, and Jalen Delgado $120,000. The lawsuit accuses Apple of knowingly allowing the fraudulent app to remain on App Store while using se

According to Beating, Yuán Lì, co-founder of Thinking Machines Lab (founded by former OpenAI CTO Mira Murati), announced her departure on July 28, citing persistent health issues and work pressure over the past seven months that exceeded her physical capacity. She took a month-long medical leave while the company was finalizing its first open-weight model, Inkling, which launched approximately two weeks ago. This marks the departure of the fourth co-founder since the lab's establishment; previou

Seoul foreign exchange dealers forecast the dollar-won exchange rate to trade around the mid-1,460 won level today (July 28), according to Yonhapinfomax. The market sentiment remains cautious, with international crude prices declining following reduced military tensions between the U.S. and Iran over the weekend. Foreign investors sold approximately 3 trillion won of local stocks yesterday, though custodial buying is expected to provide support at lower levels. Traders anticipate the U.S. Federa

According to Maeil Economic Daily, throughout July (as of July 27), two SK Hynix-tracking exchange-traded funds combined for 139.29 trillion Korean won in trading volume, accounting for approximately 23% of total ETF market turnover. The KODEX SK Hynix Leverage single-stock ETF led with 81.69 trillion won, while the SOL SK Hynix Futures Inverse 2X product generated 57.60 trillion won, collectively exceeding the entire Kosdaq market's trading volume by approximately 26 trillion won. The trading s

According to bond market sources, foreign investors net sold Korean government bonds for four consecutive trading days through July 27, offloading a total of 1.227 trillion won. The selling spree marked the longest stretch of consecutive net outflows in recent market activity.

According to Yonhap Infomax, on July 28, KB Asset Management appointed Lee Jun-seok as head of its ETF Product Division. Lee, who joined KB last December, previously served as head of product strategy at Woori Asset Management for approximately two years, where he led the launch of South Korea's first U.S. IPO-focused mutual fund in partnership with Neuberger Berman, which surpassed 100 billion won in assets under management within three months. He also managed KB's involvement in SpaceX's recen

According to Rayliant data, the 60-day correlation between South Korea's Kospi index and the U.S. Nasdaq 100 recently reached 0.50, its highest level since 2021, as artificial intelligence hardware spending increasingly ties together U.S. technology giants and Korean memory chipmakers Samsung Electronics and SK Hynix. The tighter relationship reflects that both companies, which account for more than 50% of the Kospi, provide critical memory chips for AI data centers. The dynamic was illustrated

According to Bank of America strategist Michael Hartnett, the U.S. bond market has emerged as the primary source of uncertainty in the current AI bull run, with 30-year Treasury yields rising to 5.2%, the highest since 2007, and real yields climbing to 3%, reaching levels last seen in November 2008. The surge in bond yields is tightening financial conditions faster than corporate earnings improvements can offset, creating a credit crunch for capital-intensive AI operations. Meanwhile, credit def

According to Jim Cramer on Monday night's episode of Mad Money, the US government serves as a quiet backstop ensuring Nvidia does not lose the artificial intelligence race to China. Nvidia is in talks with OpenAI to guarantee roughly $250 billion in financing for a 10-gigawatt data center campus in Piketon, Ohio, according to the Wall Street Journal. Commerce Secretary Howard Lutnick holds the key: he controls access to federal power at the site, which sits on decommissioned federal land. The el