Gate Crypto Flash News and Market Updates

According to Bloomberg, on July 29, South Korea's financial authorities announced supplementary measures for single-stock leveraged ETFs. Analysts noted the measures came too late, with the country now serving as a cautionary example for other markets to avoid similar stock market turmoil.

According to Yonhap Infomax, DL E&C (375500) reported second-quarter operating profit of 1.594 trillion won on July 30, exceeding market consensus estimates of 1.281 trillion won. Revenue for Q2 totaled 1.8029 trillion won, down 9.47% year-over-year, while operating profit rose 26.32% compared to the prior year period.

According to Bloomberg, AI server manufacturer Gigabyte is seeking $1.5 billion in syndicated loans.

According to Yonhapnews, on July 30, Korean Investment Trust Management CEO Bae Jae-gyou reiterated his call for single-stock leveraged ETF products to be allowed to naturally expire rather than face forced delisting. The statement comes 10 days after Bae initially posted similar criticism on July 20. Bae emphasized that daily rebalancing and compounding effects in leveraged products can rapidly erode value amid market volatility, even when investment direction is correct.

According to BlockBeats, trader Doctor Profit closed his Bitcoin short position on July 30 and shifted to dollar-cost averaging into BTC and ETH. The trader had initially opened the Bitcoin short near $120,000 on July 18 but closed it as the current market correction concentrated on AI stocks, while BTC and ETH demonstrated resilience. Profit's stock short positions include MicroStrategy, Coinbase, Western Digital, Palantir, Netflix, IBM, Microsoft, and Nvidia.

According to South Korea's insurance industry, AIG Insurance implemented a 30 billion won interim dividend in early July, marking the insurer's first cash dividend in two years. The payout came to 486 won per share with a dividend payout ratio of 133.9%. The company said it determined the dividend amount considering capital adequacy levels. The decision was supported by improved earnings and a stable solvency ratio (K-ICS) of 244.0%, which remains at a healthy level following the dividend. AIG I

According to CoinDesk, the Federal Reserve held its benchmark interest rate at 3.5%-3.75% on Wednesday, July 30, marking the fifth consecutive pause. The 9-3 vote and hawkish remarks from Chair Kevin Warsh exceeded some market expectations. Bitcoin held steady near 64,000 during the decision. Analysts offered divergent outlooks. DWF Labs managing partner Andrei Grachev termed the outcome most unfavorable for digital assets, citing tightening policy and reduced liquidity. Stephen Coltman, macro h

According to BizWatch on July 30, Kiwoom Securities reported Q2 2026 operating profit of 789.9 billion Korean won, up 93.2% year-over-year and exceeding analyst consensus of 656.3 billion won by 20.2%. Net profit reached 680.6 billion won, up 119.4% from the prior year. Stock commission revenue surged 178.3% to 451.9 billion won, driven by a 236.1% increase in average daily domestic equity trading volume to 36.3 trillion won.

According to South Korea's Financial Authorities, personal investments in single-stock leveraged ETFs will be limited to 20% of total financial investment assets starting July 31. The measure also includes increases in minimum deposit requirements, bans on new leverage ETF listings, and higher trading fees for short-term speculation. The policy aims to reduce market volatility and protect retail investors. Specific implementation details, including how the 20% threshold will be calculated and wh

According to Bitget data, on July 30, South Korea's KOSPI index closed down 1.35% at 5,586.81 points. Chip manufacturer SK Hynix fell 5.6%, while Samsung Electronics declined 0.7%.

According to Jin10 Data, China's Communist Party Central Political Bureau convened on July 30 and decided to hold the 20th Central Committee's Fifth Plenary Session in Beijing in October. The main agenda includes reporting on work by the Central Political Bureau to the Central Committee and researching key issues related to advancing comprehensive Party governance. The meeting also analyzed current economic conditions and deployed economic work for the second half of the year. The session was ch

According to Yonhap Infomax, Samsung SDS reported its 2Q consolidated revenue of 3.72 trillion won and operating profit of 2.32 trillion won on July 30, up 5.9% and 0.7% year-over-year respectively, meeting market expectations. Cloud business revenue surged 17% to 780 billion won, driven by 75% growth in external cloud services and 24% expansion in cloud service provider (CSP) offerings. The company also announced a strategic partnership with Anthropic, becoming the first Korean firm to partner

As of July 30 afternoon, South Korea's KOSPI index declined 0.64% to 5626.94, extending a two-day selloff that breached the 6,000-point level. Retail investors shifted to selling after days of buying, while institutions and foreign investors continued accumulating positions, underpinning the market. Foreign investor flows have become a key driver of index movements.

According to Deutsche Bank's foreign exchange research team on July 30, the U.S. dollar index fell and the euro rose after the Federal Reserve held interest rates steady with notable internal dissent. Three officials dissented, favoring a 25 basis point hike, underscoring concerns about persistent inflation. Markets interpreted the decision as less hawkish than the dissents suggested, pushing the 2-year Treasury yield and dollar lower. However, long-term yields surged as investors believed the F

According to Christian Hoffmann, head of fixed income at Xiong Bo Investment Management, the Federal Reserve's decision to keep interest rates unchanged represents a 'disturbing inaction' rather than an inevitable outcome. The move comes as oil prices surge again amid heightened geopolitical uncertainty, despite recent constructive inflation data.

According to BlockBeats on July 30, AI trading faced a sharp downturn, with KOSPI retreating nearly 40% from mid-June highs and Nasdaq 100 declining significantly. High-Beta assets including AI infrastructure, cloud computing, and semiconductor stocks experienced double-digit declines. According to the Financial Times, Leopold Aschenbrenner, a former OpenAI researcher, is seeking new capital for his AI-focused hedge fund Situational Awareness after the fund sustained significant losses amid the

According to Jin10, foreign exchange options across EUR/USD, USD/JPY, GBP/USD, and AUD/USD will expire on July 30 at 22:00 Beijing time. A total of 16 strikes valued at 1 billion yuan or above are set to expire, warranting risk management attention.

According to Barclays, on July 29, the investment bank cut its SK Hynix ADR price target to $300 from $330, citing a more conservative outlook on generic DRAM average selling prices (ASP). Analyst Simon Koles stated the firm had lowered its ASP assumptions starting from the second quarter, particularly for standard DRAM chips. Despite the downward revision, Barclays maintained an "Overweight" rating, citing SK Hynix's competitive position in high-bandwidth memory (HBM) and potential tailwinds fr

According to financial investment industry reports on July 30, SK Hynix price targets from South Korean brokerages diverged sharply, ranging from 2.2 million won to 4.7 million won—more than doubling apart. Korea Investment & Securities raised its target to 4.7 million won from 3.8 million won, representing a 23.7% increase.