Gate Crypto Flash News and Market Updates

HSBC upgraded Apple to buy from hold on Thursday, raising its price target to $366 from $260, according to analyst Nicolas Cote-Colisson. The bank expects Apple Intelligence and the next-generation AI Siri to drive a new upgrade cycle, positioning the company to challenge a $5 trillion market cap. HSBC highlighted Apple's "light-asset AI model" advantage, as the company can deploy on-device AI features with just 2.5% of revenue allocated to capital expenditure in 2026, compared to heavy infrastr

According to Korea Securities Depository, SK Hynix announced on July 18 that mutual conversion between its Korean-listed shares and U.S. Nasdaq ADRs will be available starting July 29, the listing date of new ADR shares. The conversion will allow investors and Citibank, the depositary institution, to submit conversion requests, with specific schedules to be announced by Citibank. On July 15, SK Hynix ADRs closed at $176.46, representing approximately 25% premium over the same day's Korean closin

One month after its initial public offering, SpaceX has lost $1 trillion in market capitalization, with its stock price falling below the IPO offering price. The sharp decline has been attributed to a major setback involving the company's next-generation Starship, whose test flights have been suspended. The drop marks a stark reversal from the euphoria that surrounded the highly anticipated listing, with some in the market citing profit-taking pressure alongside concerns over valuation.

According to data from South Korean exchanges Upbit, Bithumb, Coinone, and Korbit, Eclipse (ES) surged 51.58% to 68.77 Korean won on Bithumb as of July 18 morning (8 a.m. KST), while House Party Protocol (HPP) jumped 50.11% to 34.9 Korean won on the same exchange. eCash (XEC) also rallied across multiple exchanges, gaining 30.90% on Upbit, 37.36% on Coinone, and 36.08% on Korbit during the 23-hour period ending July 18 at 8 a.m.

According to Dow Jones Market Data, on Friday (July 17), Nvidia narrowly maintained its position as the world's most valuable company after Apple briefly surpassed it intraday. Nvidia closed down 2.21% at $202.81 per share, with a market cap of approximately $4.91 trillion, while Apple rose 0.14% to $333.74 per share, valued at roughly $4.90 trillion. Despite the intraday pressure, Nvidia reclaimed the top spot and has maintained its lead for 266 consecutive trading days since surpassing Microso

According to the filing, UDX, an exchange recently acquired by Underdog, self-certified 7 sports event contract templates to the U.S. Commodity Futures Trading Commission (CFTC) on July 15, with plans to launch initial contracts by July 17. The templates comprise 3 baseball and 3 basketball contract designs, covering winner, spread, and total score markets, plus 1 generalized contract allowing markets on designated athletes, teams, or entities. Contract notional values are set at $1, with tradin

According to Shinhan Investment Securities, SK Group's corporate bond issuance fell sharply to 2.747 trillion won in the first half of 2026, down over 50% from 7.457 trillion won a year earlier, as South Korean semiconductor firms increasingly favor equity financing for large-scale capital expenditure instead of debt markets. Research analysts at Shinhan Investment Securities noted that Korean companies, unlike U.S. big tech firms, are likely to leverage capital based on free cash flow generatio

According to Korea Exchange, returns on South Korea's space-themed exchange-traded funds (ETFs) have diverged sharply since SpaceX's public listing on June 12. As of July 15, seven domestic space ETFs showed performance gaps exceeding 30 percentage points, with variations linked to differences in SpaceX weightings and fund management strategies.

According to Korea Exchange, as of July 16, KOSDAQ declined when KOSPI gained for 32 trading days this year, representing 24% of the 132 total trading days—a record high since the index launched in 1996 and 1.8 times higher than the 13% recorded in 2025. KOSDAQ closed at 791.84, down 4.53%, erasing all gains from earlier in the year as semiconductor holdings concentrated at the top of the index faced relative weakness compared to larger-cap semiconductor stocks on KOSPI.

According to the Financial Supervisory Service disclosure system, South Korea's Hanwha Galleria (ticker: 452260) signed contracts to acquire two Seoul properties over a two-week period. On July 14, the company purchased land in Gangnam's Sinsa district (2,749.5 square meters) for 236.7 billion won, while on June 30 it acquired the Sunhwa building and adjacent land in Jung district for 213.5 billion won. Combined real estate acquisitions totaled 450.2 billion won. The company stated that the acqu

According to the Financial Investment Association of Korea, cumulative assets in CMA (Comprehensive Money Management Accounts) reached 104.066 trillion Korean won as of July 14, representing a 4.1% increase from 100.4 trillion won on January 2, 2026. The market expanded by 4.066 trillion won in just six months, with account numbers growing by 1.75 million to 39.795 million accounts. Product composition shifted significantly, with RP-backed CMA (securities repurchase agreements) attracting 3.352

Gate News message, a CoWSwap whale has initiated fund movements. The wallet transferred 528.2 ETH (approximately $971K) to a new address, representing its first significant outbound transfer since the accumulation phase. The new address is 0xfAE288c973fDf7E1223ddF7513bb9804c5aBCbe4. Data from Nansen.

According to the Korea Exchange, the KOSPI index fell to 6,800 this week as major U.S. tech companies and SK Hynix prepare to report Q2 earnings next week. Market participants are closely monitoring whether the earnings results can ease concerns over a slowdown in artificial intelligence investment and provide a catalyst for a market recovery.

According to South Korea's stock exchange, Samsung Asset Management's KODEX 200 ETF received 186.7 billion Korean won in net inflows from individual investors from July 10 to 15, marking the highest net inflows among domestic ETFs during the period. Domestic benchmark indices and U.S. benchmark index products also led fund inflows into the broader ETF market in mid-July.

According to Newsis, South Korea's VKOSPI volatility index (Korea's fear gauge) reached a record intraday high of 97.99 on July 16, as single-stock leveraged ETFs triggered amplified market movements through forced rebalancing. The self-amplifying structure—where ETF managers must rebalance daily to maintain target leverage ratios—creates a feedback loop: rising prices force additional purchases that push prices higher, while declining prices mandate further sales that deepen losses. Market circ

According to Yonhapnews, during one month of market adjustment from June 17 to July 16, South Korea's KOSPI fell 21.8% to 6,820.60, with inverse 2X ETFs dominating performance rankings. The RISE 200 Futures Inverse 2X ETF recorded the highest return at 41.10%, tracking double the daily decline of the KOSPI 200 Futures index, which fell 21.8% over the period. Other inverse ETF products captured the top five positions, including KODEX 200 Futures Inverse 2X (40.85% return) and TIGER 200 Futures In

According to Barron's, SK Hynix ADR rose 1.1% to $154.03 on Friday (July 17), outperforming its main U.S. competitor Micron Technology, which fell 0.5%. The gain likely reflected South Korea's Constitution Day holiday, which closed Seoul markets for the day, allowing U.S. investors to position in SK Hynix ADR without concerns about overnight volatility in the home market.

According to Onchain Lens, Hyperliquid traders incurred liquidation losses totaling $70.81 million over the past 24 hours.

According to company disclosure on July 14, Israeli payments company Nayax refused to pay a ransom demanded by hackers who exfiltrated transaction records and scanned documents from a cloud account associated with a subsidiary. Nayax's board determined that paying would not serve the long-term interests of customers, partners, employees or shareholders. The company confirmed data theft six days after initially disclosing suspicious activity on July 8. Hackers have threatened to publish the stole

According to Korea Exchange, South Korea's large-cap stocks fell 20.6% through July 16, underperforming both the broader KOSPI index decline of 19.5% and small-cap stocks, which fell only 1.6%. Mid-cap stocks declined 6.2% over the same period, showing resilience in a weakening market.