Gate Insights and Crypto Market Analysis

Park Soo-young, a lawmaker from South Korea's People Power Party, criticized the government's cryptocurrency taxation plan on the 13th, calling it 'punitive taxation holding 13 million digital asset users hostage' and demanding its withdrawal. Speaking on his YouTube channel 'Park Soo-young's

The South Korean government reversed its Individual Savings Account (ISA) tax benefit reduction plan after public backlash, leaving investors who canceled accounts based on the initial announcement facing financial losses. President Lee Jae-myung ordered a full policy review after the Finance

Gemini Space Station (GEMI) stock fell 7% to $4.00 in after-hours trading Thursday after the crypto exchange reported a second-quarter net loss of $107.7 million. The loss narrowed 19% from a year earlier while revenue climbed 37% to $45.5 million, but a fraud charge and declining trading volumes we

Decentralized finance protocol Neutrl suspended minting and redemptions for its NUSD synthetic dollar on Thursday after unspecified circumstances affected protocol reserves. The protocol paused other functions on legal advice while assessing the impact but did not identify the affected asset,

Samlip [Korean stock code 005610] reported an operating loss of 42 billion won for the first half of 2026, disclosed in a semi-annual report on August 14. The company posted revenue of 1.6601 trillion won, up 1.3% year-over-year, but swung from a 24.8 billion won operating profit in H1 2025 to a los

South Korea's Kospi index climbed back into bull market territory this week, rising more than 20% from its July low as memory chip stocks led a broad recovery. The rally accelerated Thursday when Sandisk (SNDK) jumped 13.7% following executives' presentation of a long-term growth plan through

Bitwise Asset Management announced on Thursday a partnership with fintech firm Superstate to develop the capability to tokenize shares of certain Bitwise funds. The firm expects the Bitwise Solana Staking ETF (BSOL) to be its first tokenized fund, though there is no assurance of launch. The partners

Bank of Montreal filed a quarterly securities report on Aug. 12 disclosing $2,970 in XRP-linked exchange-traded fund shares held as of June 30, embedded within a $303.65 billion portfolio spanning 14,271 positions. The two fund entries—323 shares of the REX-Osprey XRP ETF valued at $2,771 and 20 sha

MSCI is consulting on a proposal to exclude non-operating companies from its Global Investable Market Indexes (GIMI). Under a May 2026 simulation, the change would remove Bitcoin treasury firms Strategy and Metaplanet, along with uranium holding company Yellow Cake PLC. The proposed rule adds

Orion Corporation [271560] disclosed on the 14th that its Q2 consolidated revenue reached 893.6 billion won and operating profit reached 132.6 billion won, representing year-over-year increases of 15.0% and 9.2% respectively, meeting market expectations for the Korean stocks. Net profit grew 20.8% t

Binance and OKX, major shareholders of Korean virtual asset service providers, will undergo credit rating and financial soundness evaluations by financial authorities. The Financial Intelligence Unit (FIU) published a VASP registration manual on the 13th outlining assessment criteria for foreign

The SEC’s planned “innovation exemption” for tokenized securities was postponed again in August 2026. On August 13, the SEC also canceled the Reg Crypto rulemaking public meeting originally scheduled for August 14. Three people familiar with the industry said the SEC decided to further delay the release after the White House and Wall Street raised concerns about the proposal’s legal basis and potential market impact. SEC Tokenization Innovation Exemption Delayed Again This Week According to thre

Gemini shares fell more than 7% in after-hours trading following the release of its Q2 earnings report on Aug. 13, 2026. Its Q2 net loss was $107.7 million, narrowing by approximately 19% from $133.2 million in the same period last year, while total revenue rose 37% year over year to $45.5 million. The crypto market downturn directly impacted its core trading business: trading volume on its main exchange fell from $11.3 billion in the same period last year to $3.8 billion. Q2 Earnings Highlights

Barclays projects South Korea's treasury bond issuance will drop to 185.6 trillion won in 2027, significantly below the government's earlier estimate of 229.2 trillion won, driven by a tax revenue windfall from semiconductor companies benefiting from increased US AI investment. Barclays economist So

Mitsubishi UFJ (MUFG) announced on August 14 that four of its subsidiaries will collaborate to launch an on-chain proof of concept (PoC) for Japanese government bond repurchase (repo) transactions, using Canton Network as the underlying blockchain infrastructure. The initiative aims to achieve 24/7 real-time settlement, automate the entire trade lifecycle through smart contracts, and improve collateral efficiency. Roles of Mitsubishi UFJ’s Four Subsidiaries and Canton Network’s Technical Foundat

South Korea's Financial Intelligence Unit (FIU) clarified on the 13th that non-custodial personal wallets may be exempt from virtual asset service provider (VASP) registration requirements. The FIU issued updated guidance in its VASP registration manual, stating that providers of programs for

According to The Defiant on August 14, Norway’s Government Pension Fund Global holds 6,151,062 shares of BitMine Immersion Technologies (BMNR), valued at $81,870,635 (approximately $81.87 million), as disclosed in the quarterly holdings report published by Norges Bank Investment Management on August 12. Norges Bank Discloses Holdings: 6.15 Million BitMine Shares Valued at $81.87 Million According to Norges Bank Investment Management’s quarterly holdings report as of June 30, 2026, Norway’s Gover

From Q4 2025 through Q2 2026, the combined hashrate of publicly listed Bitcoin mining companies fell 13.4%, exceeding the 10.6% decline in the global Bitcoin hashrate over the same period. The fundamentals of Core Scientific and TeraWulf have undergone a structural shift: Core Scientific’s Q2 AI hosting revenue reached $136.7 million, nearly five times its mining revenue. Six-Month Hashrate Decline of Listed Mining Companies Compared with the Global Hashrate According to the latest Miner Weekly

Citibank forecasts that the Bank of Korea will raise its growth and core Consumer Price Index projections in its August economic outlook, according to a report released on August 14 by Citibank economist Kim Jin-wook. The bank expects a back-to-back interest rate hike in August while maintaining its

A Washington court issued a final order requiring Kalshi to cease offering a wide range of event contracts in the state after finding the company likely violated its gambling regulations. The order directs Kalshi to stop accepting or facilitating bets on sports, elections, politics, entertainment, c