Gate Cryptocurrency News and Market Analysis

Korean retail investors showed contradictory behavior on the 26th as investor deposit funds fell to 98.9176 trillion won — the first time below 100 trillion won since the 12th — while credit balance climbed back above 33 trillion won to 33.1023 trillion won for the first time since the 28th of

Bitcoin traded at $78,763 as of 4pm local time on the 27th, with analysts noting the recent rally maintained stable market liquidity unlike previous surges. The 7-day gain moderated to 14% from 23% the previous day, while Ethereum's gain narrowed to 11% from 29%, according to CoinGecko data.

South Korea's Ministry of Planning and Budget announced on the 27th that the newly established Future Response Fund is designed to serve as both a fiscal stabilization mechanism and a mid-to-long-term growth driver. Park Seong-hun, head of the Future Response Fund Promotion Team at the Ministry, sta

Chairman French Hill introduced H.R. 3633 on May 29, 2025, to establish a comprehensive market-structure framework for digital assets and allocate regulatory responsibilities between the Commodity Futures Trading Commission and the Securities and Exchange Commission. The bill aims to provide

More than a dozen major banks including Bank of America, Wells Fargo and Santander are moving forward with plans for a jointly developed stablecoin that could operate across public blockchains, according to The Wall Street Journal. The consortium is considering launching a token initially backed

Samsung Electronics and SK Hynix announced large-scale shareholder return plans as Korean listed companies' share buyback cancellations reached 43.1 trillion won in the January-May period, a 101.4% increase compared to the end of the previous year, while cash dividends hit a record 35.1 trillion won

Twenty-two exchange-traded funds (ETFs) listed on the Korea Exchange have been delisted or are scheduled for delisting this year, according to electronic disclosures compiled on the 27th. With 127 new ETFs launched this year, approximately one in six newly listed funds faces delisting. The primary c

Grayscale launched the first US-listed spot Zcash ETF on August 25, 2026, converting its nine-year-old Zcash Trust into a fund trading under the ticker ZCSH on NYSE Arca. The launch provides ordinary investors direct exposure to Zcash (ZEC), a privacy-focused cryptocurrency, through a regulated

Korean semiconductor stocks rallied on the 27th after NVIDIA provided AI demand guidance that exceeded market expectations, with the KRX K-AI Semiconductor TOP2+ index rising 2.96% to 10,459.54. NVIDIA's 2028 fiscal year revenue growth guidance of 70% significantly surpassed the 45% consensus

Nvidia has agreed to acquire open-source AI platform Hugging Face for $12.9 billion, The Information reported Wednesday, citing a person with knowledge of the deal. Deal talks began after Hugging Face received acquisition interest from another suitor, according to The Information. CNBC could not

Unstoppable Domains announced August 25 that it has abandoned plans to bring nine blockchain-based domain extensions into the conventional internet Domain Name System, including .crypto and .wallet, after concluding that ICANN's proposed integration requirements would conflict with its existing

Amazon Web Services (AWS) and NVIDIA announced an expansion of their 16-year partnership, confirming plans to add 2 million NVIDIA GPUs to AWS's global data center infrastructure between 2027 and 2028. The expansion addresses surging global demand for AI compute capacity. The collaboration

U.S.-listed cryptocurrency ETFs recorded approximately $471 million of combined net inflows on August 26, according to Farside Investors and SoSoValue data. Spot Bitcoin ETFs generated $232.2 million of net inflows, their eighth consecutive positive session, while Ether ETFs attracted $192.4 million

Fireblocks released a comprehensive guide for European financial institutions navigating jurisdictional and regulatory issues surrounding digital asset infrastructure. The company is emphasizing its European data residency, regulatory-focused architecture, and operational controls as the European

South Korean retail investors purchased currency-exposed US stock exchange-traded funds despite significant exchange rate losses from July 2 to August 26. The won-dollar exchange rate fell 171.30 won (11.0%) from 1554.40 won to 1383.10 won during this period, creating losses for unhedged dollar

The Bangko Sentral ng Pilipinas (BSP) on Thursday, August 27, raised its key policy rate by 25 basis points to 5%. This marks the third consecutive rate hike following increases in April and June. The Monetary Board cited persistent risks from oil prices, a possible severe El Niño, and wage increase

Three major South Korean securities firms surpassed 4 trillion won in IMA product issuance within eight months of launch, following recent product closures on August 25 and August 26. Korea Investment & Securities, Mirae Asset Securities, and NH Investment & Securities reached a combined 4.1979 tril

Beomyang Construction, a KOSPI-listed construction company based in Busan undergoing court receivership, and its wholly-owned subsidiary Beomyang D&C launched a second M&A sale process on the 27th, with letters of intent (LOI) due by the 4th of next month through lead advisor Samil Accounting

Korea Investment & Securities analysts Yeom Dong-chan and Seo Se-hyun stated in a report on the 27th that KOSDAQ requires a decline in 3-year Korean Treasury bond yields to stage a meaningful rebound. The analysts noted that for KOSDAQ to show significant gains, the 3-year bond yield currently in th

Samsung Electronics is using NVIDIA's cuLitho platform to enhance computational lithography performance by up to 20 times, NVIDIA CFO Colette Kress stated during the company's Q2 earnings conference call on August 26 (local time). The GPU-accelerated software enables precise calculation and