Gate Cryptocurrency News and Market Analysis

Fund managers at major Korean asset management firms lowered their three-month KOSPI index forecasts in a survey conducted on the 27th, with the average upper target falling to 7764 from 9628 in a June survey. The Hankyung survey of 53 fund managers at 12 domestic asset management firms showed the p

Eleva Therapeutics, the US subsidiary of KOSDAQ-listed HLB, received FDA approval on May 23 (local time) for Ryfictu (lirafugratinib) as a second-line treatment for cholangiocarcinoma patients with FGFR2 fusion or rearrangement. The approval represents the first instance of a Korean pharmaceutical c

Korea Exchange halved the review period for biotech initial public offerings (IPOs) this year compared to 2022. The average review time for biotech companies' technology-based listings dropped to 70 business days this year from 140 business days in 2022. The reduction resulted from Korea Exchange's

Five major banks in South Korea face record bank bond maturities of 27.1 trillion won in Q4 (October-December), according to Hanwha Investment & Securities — double the 10-year average of 11.8 trillion won and exceeding the previous Q4 2022 peak of 20.6 trillion won. The surge may create a

Securities analysts across Korean brokerages adjusted target prices for multiple sectors during the recent 3-month period from June 22 to September 22, as the KOSPI traded in a box range following a sharp correction in the second half of the year. K-beauty and oil refining sectors saw upward

Major Korean listed companies face diverging Q3 earnings forecasts as international oil prices and exchange rates fluctuate, according to financial data provider FnGuide analysis covering June 22 to September 22. Refining and aviation stocks saw earnings estimates surge due to soaring refining

Foreign and retail investors in South Korea took opposing ETF strategies from May 1–23, with foreign buyers concentrating on leveraged products while retail investors bet on market declines through inverse ETFs. Foreign investors net purchased 214.4 billion won of KODEX Leverage, which tracks

South Korean financial authorities are considering expanding the supply of fixed-rate policy loans, including Bogeumjari Loan and Didimdol Loan, to address the concentration of variable-rate lending in the market. According to financial authorities on the 27th, the Financial Services Commission is d

Tether disclosed that its assets held with offshore banking partner EQIBank represent less than 0.034% of the stablecoin issuer's total group assets, following U.S. authorities' move to seize assets connected with EQIBank's payment processor Capstone Limited. Federal prosecutors are seeking

Michael Saylor, co-founder and executive chairman of Strategy, posted an essay on X Saturday outlining a proposed 'bill of digital rights' for digital assets, arguing that an age of artificial intelligence requires better money and capital markets rather than restrictions. Saylor, whose company is t

Bitcoin's network hashrate fell to a three-week low on September 26, reaching 915,844,520 TH/s according to data from Mempool.space. The seven-day moving average declined by approximately 34,862,758 TH/s from the prior week, marking the lowest level since September 3. The drop reflects reduced

KODEX200, an exchange-traded fund tracking South Korea's KOSPI 200 index, recorded an 80.76% return from January 2 to September 20, rising from 60,460 won to 109,285 won, according to asset performance data from Daishin Securities released on the 27th. The ETF's return represents

Single-stock 2x leveraged ETF and ETN products tracking Samsung Electronics and SK Hynix experienced declines of up to 50% over a 4-month period from May 27 through September 23, despite the underlying stocks falling only single-digit percentages during the same timeframe. The leveraged products

Lido DAO Vote 214 has passed, implementing Dual Governance V1 parameters on Ethereum mainnet and extending the emergency governance delay to 14 days. The vote received support from 58.2 million LDO participating tokens. The implementation gives stETH holders a mechanism to contest certain governance

KB Securities researcher Jang Moon-jun stated that Korean construction stocks now offer diverse investment opportunities across all companies. According to Jang's analysis, both domestic and overseas business segments have transformed into investment drivers for construction stocks, contrasting