Gate Cryptocurrency News and Market Analysis

Digital X, the operator of Korean crypto exchange Korbit under Mirae Asset Group, announced on the 23rd a zero trading fee policy starting at 9am on the 24th for one year. CEO Oh Se-jin stated the policy aims to support customers who experienced difficult times and to prepare diverse products and se

Hana Securities analyst Lee Jun-ho lowered Kakao's target stock price to 50,000 won from 58,000 won on the 23rd, maintaining a 'buy' rating, after Kakao's board approved a human split into KakaoAI and KakaoX on the 21st. The analyst cited limited near-term rerating factors beyond listed subsidiary v

Stablecoin depegs have repeatedly disrupted crypto markets when digital dollars break their $1 peg, with USDC falling to $0.87 in March 2023 after $3.3 billion of Circle's reserves froze at Silicon Valley Bank and Stream Finance's xUSD crashing to $0.43 in November 2025 following a $93 million

Nvidia is raising AI server prices by over 15% due to surging memory costs, Bloomberg reports. The increases affect systems scheduled to ship early next year, including hardware built around the Vera Rubin and Grace Blackwell platforms. Server manufacturers supplying Microsoft, Google, Oracle and

United Airlines CEO Scott Kirby marks a decade at the carrier since joining as president on Aug. 29, 2016, after his departure from American Airlines where he previously served as president. Now leading the second-most profitable U.S. airline after Delta Air Lines, Kirby outlined expansion plans inc

Wells Fargo and Citigroup have regulatory capacity to acquire major regional banks under the Trump administration's banking environment, according to investment bankers and industry consultants. Both megabanks have cleared key regulatory restrictions and remain below the 10% national deposits cap th

United Airlines faces a decision on hundreds of lie-flat seats originally designed for its Boeing 737 Max 10 fleet, which have been in storage since the aircraft's certification was delayed over six years ago. CEO Scott Kirby told CNBC during an interview earlier this month at Newark Liberty

A small power plant in the UK was shut down for four days in July following a cyberattack linked to Iran, The Telegraph reported. The incident occurred around the time US authorities including the FBI warned about malicious cyber actors targeting water facilities across at least seven states. The

Solana is holding near $95 after rebounding sharply from the $60 region, keeping bullish Elliott Wave scenarios alive across short- and long-term charts. Analysts see a possible fifth-wave advance toward $114-$116 before a broader recovery targets $160-$180, although a break below $95.13 could

The Sandbox, the metaverse gaming platform behind the SAND token, contained a bridge exploit on August 21 that minted approximately 14.9 billion unbacked SAND tokens across Base and BNB Smart Chain (BSC) networks. The attacker exploited vulnerabilities in the bridges' minting mechanism, creating tok

Bitcoin traded near $77,053 as technical analysts identified consolidation patterns following a recent advance. More Crypto Online said the pullback likely represents a wave 4 correction forming an A-B-C-D-E triangle, while analyst Rod compared the current structure to the 2022 market bottom pattern

Newly listed stocks on Korean exchanges showed deteriorating post-listing performance over the past year, with 38.5% trading below their initial public offering prices three months after debut, according to an analysis by Hankyung Economic TV published on the 23rd. The proportion of stocks falling b

Kim Woo-ki, the 57-year-old CEO of W Asset Management, achieved a 510.6% cumulative return with the W1000 fund from its April 17, 2019 launch through August 12, 2026, outpacing the KOSPI's 192.6% gain. The performance stems from his 'Detail Driven Investment' strategy targeting early-stage KOSDAQ

The Invesco QQQ Trust recorded approximately $10.9 billion in net outflows during August 2026, while Bitcoin spot ETFs saw about $1.92 billion in net inflows over a comparable mid-August period. The QQQ Trust, Wall Street's most popular vehicle for Big Tech exposure, experienced its most dramatic

Forty tankers successfully transited the Strait of Hormuz on Friday night, but diesel supply concerns have emerged as a pressing issue overshadowing the transit success. The successful passage occurred amid ongoing tensions between Iran and the United States, which have been exacerbated by recent co

A study by three Vietnamese researchers found that strict EU carbon pricing could be driving bitcoin mining operations to shift activity to Russia during periods when both bitcoin and EU carbon allowance prices rise. The study, titled 'Does Carbon Pricing Displace Crypto-Mining Emissions? Quantile E

The Korean exchange-traded fund market faces intensifying polarization as 45 out of 1,161 listed ETFs hold assets below 5 billion won as of the 20th, according to the financial investment industry on the 23rd. Multiple small ETFs are undergoing delisting procedures, including Hanwha Asset

Korean investors in their 40s purchased the most single-stock leveraged ETFs following stricter deposit regulations that took effect on July 31, according to age-group analysis covering July 31 to August 20. The regulatory change raised the basic deposit requirement from 10

LG Uplus reported a 10.1% year-over-year increase in operating profit to 616.7 billion won for the first half of 2025, driven by stable telecom service revenue and cost efficiency improvements, according to the Financial Supervisory Service's electronic disclosure system on August 23. The South

LG U+ has been assigned an analyst consensus target price of 20,139 won as of August 23, representing approximately 35% upside from the August 21 closing price of 14,870 won, according to financial data provider FnGuide. Securities firms attribute this valuation to profitability improvements in the