Gate Cryptocurrency News and Market Analysis

Shinsung E&T began mass-producing heat sinks at its Kentucky facility in August, targeting secondary battery clients including LG Energy Solution. The KOSDAQ-listed company reported H1 revenue of 110.1 billion won, a 106.4% year-over-year increase representing 94.2% of its 2023 full-year revenue of

Mirae Asset's TIGER US S&P500 ETF ranked first in individual net purchases among all domestic Korean-listed ETFs as of May 28, with year-to-date inflows reaching 4.86 trillion won. The S&P500 ETF attracted long-term investment funds as investors sought diversified exposure across multiple sectors an

Payment infrastructure company Verona launched verUSD, a dollar-pegged stablecoin designed for AI agent data purchases and transaction settlements, on local time May 28. The launch secured over $100 million in institutional commitments from ecosystem partners including Animoca Ventures, Figment

Stablecoin issuers increased US Treasury holdings by $200 billion over the recent 5 years, according to San Francisco Federal Reserve research published on the 29th. This tenfold expansion offsets over 40% of China's sales in the same period, driven by Beijing's geopolitical reduction of its

Samsung Electronics displayed a congratulatory video for NVIDIA CEO Jensen Huang on the Times Square billboard in New York from local time 6pm May 27 through May 28, the company announced on May 29. Huang received the 2026 Van Fleet Award for leading innovation in AI and accelerated computing and co

Naver CEO Choi Soo-yeon and executives met with Mexican government officials and major IT companies on the 24th-25th to discuss artificial intelligence business cooperation, the company announced on the 29th. The meetings occurred during a presidential economic delegation visit to Mexico. This

South Korea's Individual Savings Account (ISA) program surpassed 10 million subscribers at the end of August, the Korea Financial Investment Association announced on the 29th, marking 10 years and 5 months since its March 2016 launch. Total deposits reached 76.5 trillion won, representing

Korea Securities Depository (KSD) and global fintech firm Broadridge signed a memorandum of understanding on May 28 (local time) in New York to integrate electronic voting platforms for foreign investors in Korean listed companies. The partnership aims to streamline shareholder meeting information a

South Korea's KOSPI index opened down 0.66% at 6844.41 on the morning of May 29, pressured by rising US treasury yields and oil prices. The US 10-year treasury yield climbed to 5.24%, its highest level since 2007, after the United States rejected Iran's proposal to reopen the Strait of Hormuz,

MongoDB (NAS:MDB) stocks plummeted 18.46% to $334.68 on the 28th after Meta Platforms (NAS:META) announced the hiring of MongoDB CEO Chirantan CJ Desai. Meta recruited Desai to lead its newly established Enterprise Platform division, marking an unexpected executive transition for the cloud

Chainlink introduced enhanced data solutions at SIBOS Day 1, showcasing innovations designed for high-frequency trading strategies. The decentralized oracle network used the event as a platform to connect with financial institutions and demonstrate its data services for blockchain integration. SIBOS

NH Investment & Securities launched its first short-term Integrated Management Account (IMA) product with募集 running until next month 7th. The product features an 18-month maturity and sets a benchmark return rate of 4.3% annually. NH Investment & Securities announced on the 29th that it will

Katie Stockton, founder of Fairlead Strategies, stated on the 28th local time via CNBC that US utility stocks have entered oversold territory and a short-term relief rally is likely. Stockton cited the significant narrowing of S&P 500 market breadth, with the proportion of constituent stocks

iM Financial Group initiated its chairman succession process at the end of September, facing scrutiny over governance transparency as South Korea's financial regulator intensifies oversight of fair leadership transitions. The financial holding company replaced its

Bitcoin traded at $83,480 as of 9 AM on the 29th, according to global crypto market platform CoinGecko, as the cryptocurrency consolidated around the $83,000 level. Put option demand increased amid recent price stabilization, but options market data showed no signs of panic-level selling pressure

Stablecoin issuer Circle partnered with payment technology firm Volante Technologies on the 28th (local time) to integrate USDC (USD Coin) into traditional banking payment infrastructure. The strategic collaboration aims to expand financial institutions' stablecoin payment and settlement

South Korean President Lee Jae-myung proposed on May 29 a compensation mechanism to redirect a portion of export gains from free trade agreements to agricultural sectors affected by the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) accession. The president stated

Kim Dong-seok, representative of the Korean American Voters Alliance, stated that if Democrats capture the House in the November US midterm elections, a 'procedural war' over the Trump administration's tariff policies could intensify. Democrats would likely call the US Trade Representative (USTR)

Korean stocks opened lower on May 29 but trimmed losses by mid-morning as Samsung Electronics and SK Hynix rebounded from the previous day's sharp declines. The KOSPI index fell 0.66% at the open to 6844.41, then recovered to 6878.23—down 0.17%—by 9:10 AM, according to the Korea Exchange. Foreign in