Gate Cryptocurrency News and Market Analysis

Thirty-seven European banks from 15 countries jointly established Qivalis in the Netherlands in September to issue euro-backed stablecoins, while Circle connects financial institutions through its USDC-based payment network for cross-border transactions. South Korea remains in early stages of

Yemen's Houthi rebels claimed attacks on facilities operated by Saudi Aramco on October 4, according to Reuters. The Iran-aligned group said it launched ballistic missiles and drones targeting sites in Riyadh and the Khurais area. Concern over potential supply disruptions from Saudi Arabia, a

The South Korean government's plan to revitalize the REITs (Real Estate Investment Trusts) market to advanced-country levels faces criticism for inadequate progress two years after its June 2024 announcement, according to parliamentary oversight data. Democratic Party lawmaker Heo Young, a member

Korea's cosmetics industry achieved world's second-largest exporter status as indie brands drove expansion into US and European markets from 2021 to 2025. The top 29 indie brands recorded combined revenue growth averaging 59% annually during this period, according to Meritz Securities analyst Park S

USDC recorded 10,508 units transferred in while 10,511 USDT flowed out in recent activity highlighted by CryptoTwitter commentator @NEARProtocol. The transactions incurred zero platform fees. The fee-free structure has made these transfers appealing to users engaging across multiple chains,

Samsung Electronics' 15 trillion won treasury share buyback program reached substantial completion as of October 1, with the company purchasing 53.8 million shares for a cumulative 14.1565 trillion won. The buyback, which began August 24 and was scheduled to run through November 21, absorbed daily f

Retail investors in Korean stocks who bought during the July 28-29 crash saw substantial gains by October 2, per Korea Exchange data analyzed by Maeil Business Newspaper. A 1 million won KOSPI investment at the July 29 close (5663.24) would have reached 1.237 million won by October 2 (7003.74), a 23

Retail investors who purchased Korean stocks during the July 28-29 market crash saw substantial gains by the 2nd. KOSPI fell 10.84% on July 28 and an additional 5.98% on July 29 to close at 5663.24, while KOSDAQ dropped to 662.68 after declining 6.12% on July 29. The crashes were triggered by

Jupiter announced the launch of an offchain message signing standard for its wallet, becoming the first to support this feature from anza_xyz. The enhancement enables users to sign readable messages, improving functionality for limit orders and dollar-cost averaging strategies. The integration

SK Group faces growing financial scrutiny over its 7.3 trillion won in Price Return Swap (PRS) contracts, the highest among major Korean conglomerates, as declining battery subsidiary valuations increase settlement burdens. The group deployed PRS extensively to support capital-intensive battery

POSCO Holdings sold subsidiary stakes via Price Return Swaps in August, securing 2.5 trillion won. The company divested 36,434,963 shares of POSCO International and 23,385,917 shares of POSCO DX, reducing ownership in each to 50 percent. The transaction funds Argentina lithium expansion and

Shinhan Asset Management is launching the 'SOL Global DRAM Semiconductor Plus' exchange-traded fund (ETF) on the Korea Exchange on the 7th, according to the Korea Exchange. The new passive ETF invests in global memory semiconductor leaders and core equipment companies. The launch follows growing

Gabia will hold an extraordinary shareholders meeting on November 5 where a proxy battle with Align Partners reaches a critical turning point. The KOSDAQ-listed web hosting and cloud company will vote on proposals to expand the board from five to seven members and elect four new director

South Korea's National Pension Service sold KRW 793.7 billion worth of Samsung Electronics stocks and KRW 1.353 trillion worth of SK Square stocks from July onwards, according to data from Daishin Securities released on the 5th. During the same period, NPS bought KRW 1.5988 trillion worth of SK

The USD-KRW 1-month NDF fell to 1,342.30 won on October 2 (local time) as the US dollar weakened following disappointing September employment data. The US Labor Department reported non-farm payrolls increased by only 29,000 in September, far below the 90,000 market forecast and down over 100,000

President Donald Trump announced a plan to send $90 to more than 20 million seniors and repeated his pledge to give every adult $5,000 if Republicans win, ahead of the midterm elections. The Wall Street Journal reported on October 4 that Trump wrote in a Truth Social post the previous day about the

The U.S. Securities and Exchange Commission approved the listing of leveraged products designed to deliver three times the daily move in Bitcoin and Ether futures prices, according to an Oct. 4 report by Bitcoin.com. The SEC approved a proposed rule change filed by Cboe BZX, clearing the way for

Kevin Hassett, director of the White House National Economic Council, called for former Federal Reserve Chair Jerome Powell to resign from the Fed's Board of Governors on October 4 during a Fox News appearance. The remarks followed an inspector general report released on September 30 that found no c

South Korean banks expanded gold bar sales channels and product varieties in recent months following supply shortages that lasted from last October through the first half of this year. Hana Bank added Samsung Gold Exchange as a supplier on the 29th of last month, KB Kookmin Bank resumed mobile and i

South Korea recorded a record trade surplus of $49.8 billion in September as exports surged 83.5% year-over-year to $120.9 billion, according to data released October 5 by the Ministry of Trade, Industry and Energy. The unprecedented export growth drove imports up 26.0% to $71.1 billion, with both e