Gate Cryptocurrency News and Market Analysis

Hong Kong stocks rallied on August 21 (Friday), with the Hang Seng Index closing up 1.21% or 310 points at 26,009.46, successfully breaking above the 26,000 level and marking its fifth consecutive trading day of gains. The index accumulated a weekly gain of 892 points, reversing a two-week

U.S. mortgage rates moved slightly lower this week, with the 30-year fixed rate falling to 6.65% as of Aug. 20. The decline from 6.67% a week earlier offers homebuyers modest relief, according to Freddie Mac's Primary Mortgage Market Survey. However, the U.S. 10-year Treasury yield remains

South Korean retail investors shifted toward US index funds in August following domestic market volatility. Daily average trading volume in South Korean stock markets fell to 32.97 trillion won in August from 60.36 trillion won in June. The shift occurred after the KOSPI index fell 22.19% in July an

Samsung Electro-Mechanics recorded a 754.8% Total Shareholder Return (TSR) for the reporting period, the highest among South Korea's top 10 companies by market capitalization, according to disclosures filed with the Financial Supervisory Service. The figures represent the first implementation of

New York University professor Aswath Damodaran stated on Thursday that artificial intelligence has reached its 'bar mitzvah moment,' marking a transition from hype-driven spending to profitability-focused business building. The valuation expert argued that investors must now evaluate AI companies on

Iovance Biotherapeutics (IOVA), Amylyx Pharmaceuticals (AMLX) and ConocoPhillips (COP) stocks each reached fresh 52-week highs on Thursday. IOVA stock surged 12%, while AMLX and COP stocks gained over 2% and 3%, respectively. The rallies followed UBS raising its IOVA price target to $7, Amylyx

Samsung Electronics disclosed approximately 90 to 110 trillion won in remaining shareholder return resources on August 21 after market close. The figure represents cash flow under the company's 2024-2026 commitment to return 50% of free cash flow, excluding 29.3 trillion won already returned.

Ava Labs Chief Business Officer John Nahas described the crypto market as being in a 'teenage pubescent phase' during remarks at the Wyoming Blockchain Symposium 2026, stating he has 'never been more bullish' despite price volatility. Bitcoin traded above $78,000 on Friday, up over 8% in 24 hours,

Kakao announced a corporate restructuring through a spin-off on the 21st, dividing the company into KakaoAI and KakaoX. The restructuring aims to strengthen competitiveness and restore market trust after previous concerns about the company's governance structure and repeated subsidiary listings.

Japanese stock indices closed mixed on August 21 as long-term bond yields resumed their upward climb and Middle East geopolitical tensions persisted. The Nikkei 225 fell 0.30% to 66,016.36, reversing the previous session's gains, while the TOPIX index rose 0.19% to 4,067.29 after recovering from an

The KOSDAQ index plunged 4.63% to close at 801.94 on the trading day, threatening the 800 level as foreign capital concentrated heavily on Samsung Electronics and SK Hynix. The sharp decline occurred as investor funds flowed into KOSPI semiconductor large-caps, creating a liquidity vacuum across

KCC announced a new special dividend policy on May 20 following a board meeting that approved the company's 2026 corporate value enhancement plan. The policy ties special shareholder payouts to dividends received from Samsung C&T, where KCC holds a 10.49% stake valued at approximately 6.36

Bitcoin pushed past $75,000 this week and topped $77,000 on Friday, marking a roughly 20% gain over five sessions and its best week since March 2024 according to Bloomberg. The surge followed six weeks of compression between $62,000 and $66,900, ending in a near-vertical breakout. Three forces

U.S.-listed crypto ETFs recorded $825.8 million in combined inflows on August 20, with BlackRock accounting for the majority of new capital entering both Bitcoin and Ether products. Bitcoin ETFs attracted $606.3 million, extending their inflow streak to four consecutive trading sessions, while Ether

Polymarket traders moved $2.61 million through four Federal Reserve September meeting contracts in the 24 hours to August 21, with the 25-basis-point cut contract recording $1,569,382 in volume even as the platform priced a hold at 72% and a hike at 28%. The unusual activity reflects positioning

A survey conducted May 11-14 by Brazilian research firm Paradigma and market research institution Datafolha found that two-thirds of Brazilians now know about cryptocurrency, representing a 10% increase from 2025 levels. The second Brazilian National Crypto Survey, sponsored by Coinbase and

The UK Office for National Statistics reported on the 21st that July retail sales rose 1.6% year-over-year, falling short of the market forecast of 2.2% growth and significantly below the previous month's 3.8% increase. Month-over-month, July sales declined 0.5%, matching analyst expectations but re