Gate Insights and Crypto Market Analysis

Coinone, a South Korean virtual asset exchange, renewed its real-name verification account contract with Kakao Bank on the 19th, extending the partnership for one additional year until next August. The renewal follows Kakao Bank's on-site inspection confirming Coinone's anti-money laundering (AML) s

Klarna Group plc (KLAR) stocks gained more than 1% in the overnight session late Tuesday after management highlighted strong US growth during the earnings call. The company delivered gross merchandise value of $7.9 billion in the US, up 27% year-on-year, while transaction margin dollars

According to an exclusive report by TIME magazine, Andon Labs’ physical retail store, Andon Market, in San Francisco has been managed entirely by Claude since March. This includes purchasing, pricing, recruiting, and personnel management. The store clerks are real people with employment contracts who were interviewed and hired by Claude. In July, Claude carried out the first-ever AI firing of a human employee after the employee was late 17 times across 23 scheduled shifts. Andon Market’s Operati

Three Korean securities firms issued target price adjustments for Robotis, ISU Petasys, and GS E&C on the morning of August 19, according to a report summarizing analyst coverage. Samsung Securities raised Robotis' target price to 350,000 won, citing 180% year-over-year growth in China sales

Solana core developer and Anza CEO Brennan Watt announced on X on August 19 that the Solana mainnet had begun its first-ever slot-time reduction upgrade. Block production time will be reduced from approximately 400 milliseconds to 350 milliseconds, with the change officially taking effect at the start of Epoch 1020. Technical Significance of the Slot-Time Reduction A slot is Solana’s basic unit of block production time. The designated leader can produce one block per slot; shorter slots mean a h

Robin Brooks, former Goldman Sachs FX analyst, stated on local time 18th via his blog that fiscal policy normalization and debt reduction are necessary to address the recent global surge in long-term interest rates. Brooks diagnosed that major countries' fiscal policies have deviated from normal

Japanese stocks opened lower on the 19th, with the Nikkei 225 index falling 2,061.83 points (3.06%) to 65,398.90 at 9:17 AM, marking the second consecutive day of decline and dropping below the 65,000 level. The selloff was triggered by a sharp plunge in US semiconductor stocks overnight, as the

The St. Louis Federal Reserve Bank released a report on the 18th (local time). The analysis showed US effective tariff rates declined from a peak of 11% late last year to below 7% in May this year, following federal court restrictions on Trump administration tariff policies. Before February this yea

Three former SpaceX engineers who participated in the development of the Raptor engine—Dan Summers (CEO), Brian Mongillio, and Michael Grant—founded 1872, an automated steel manufacturing startup. A private fund advised by The OHIO Fund led the $15 million seed round. The Three Founders’ SpaceX Raptor Engine Background All three founders participated in Raptor engine development at SpaceX. The team led by CEO Dan Summers was responsible for integrating and manufacturing the Raptor engines that p

Xiaomi (01810-HK) announced its second-quarter financial results on August 18, reporting adjusted net profit of approximately 6.2 billion yuan, down 42.6% year on year and below the 6.6 billion yuan forecast compiled by LSEG analysts; revenue fell 6.1% year on year to 108.9 billion yuan. According to data from research firm Omdia, Xiaomi's smartphone shipments fell 26% year on year to 31.2 million units in the second quarter, marking a decline for the second consecutive quarter. Xiaomi Q2 Financ

Cerebras Systems (NAS:CBRS), an AI chip and infrastructure manufacturer, launched its latest CS-4 rackscale system claiming 30 times higher token processing throughput per user compared to existing GPUs, according to Yahoo Finance. The company released the system to intensify competition with

Anthropic's revenue doubled sequentially to $11.6 billion in the second quarter while OpenAI's revenue rose 18% quarter over quarter to $6.7 billion, The Wall Street Journal reported Tuesday citing people familiar with the matter. The widening gap stems from slower ChatGPT growth and Claude Code's s

Hong Kong Exchanges and Clearing Limited (HKEX) announced on August 18 that it will optimize the methodology of the HKEX Tech 100 Index. The optimized methodology and related constituent changes will be implemented after market close on September 11 and officially take effect on September 14. The optimization will update the eligibility criteria for technology companies and constituent stocks, as well as the definitions of technology-related fields, to cover opportunities related to the AI indus

The term premium on US 10-year Treasury bonds reached 89.48 basis points (bp) on August 17, the highest level since late May last year, according to the New York Federal Reserve Bank's model. The premium surged 12.37bp on July 29 during the Federal Open Market Committee (FOMC) press conference led b

According to a Bloomberg report on August 19, despite trading volume reaching a record high and the number of new listings increasing, Hong Kong Exchanges and Clearing (HKEX) shares have been nearly flat year to date and have fallen about 14% over the past five years, underperforming global peers such as Nasdaq and the London Stock Exchange. Analysts increasingly expect HKEX's expansion into non-equity businesses to boost its performance. HKEX Shares Flat This Year, Down 14% Over Five Years HKEX

U.S. Attorney James McDonald and Assistant U.S. Attorney Allison Nichols for the Southern District of New York (SDNY) filed documents last Friday opposing former Celsius CEO Alex Mashinsky’s motion to vacate his fraud and market-manipulation convictions and 12-year sentence. They called his arguments “meritless” and argued that the court should dismiss the motion outright without a hearing or further investigation. Three Core SDNY Rebuttals in the Filing In the filing submitted Friday, SDNY pros

Park Yu-kyung, former head of APG Asset Management's Asia-Pacific division, was nominated as an audit committee member candidate for Korea Zinc's extraordinary shareholders' meeting scheduled for the 9th of next month. Park was selected through Korea's first independent candidate review committee, a

South Korean Foreign Minister Jo Hyun testified at a National Assembly Foreign Affairs Committee session on August 19 that the decision to shorten the Ulchi Freedom Shield (UFS) joint military drill was made through close coordination between Defense Minister Ahn Gyu-back and US counterparts