Gate Cryptocurrency News and Market Analysis

Wharf Holdings (00004) announced interim results for the period ending June, reporting shareholder attributable profit of HK$48 million, a 91.03% year-on-year decline, with earnings per share of HK$0.02. The company maintained its first interim dividend at HK$0.2 per share and declared a special int

Retail investors in South Korea sold leveraged products and purchased inverse products from the end of last month through the 10th as KOSDAQ surged. During this period, individuals net sold 324.1 billion won in 'KODEX KOSDAQ150 Leverage' while net purchasing 64.8 billion won in 'KODEX KOSDAQ150

iM Securities announced on August 11 that it is issuing 50 billion won in hybrid capital securities to further strengthen its capital base. The issuance is scheduled for August 14 and will be fully acquired by iM Financial Group. Including the 150 billion won issued in July, the total capital

Kang Hee-chang, Chief Strategy Officer of Populus, spoke at the Injective Institutional Lunch Forum held at Conrad Seoul in Yeouido on the 11th, stating that blockchain is rapidly establishing itself as financial infrastructure supporting asset issuance, movement, and trading beyond technology for d

Ethereum co-founder Vitalik Buterin posted on 10 August comparing his 2023 roadmap diagram with the Ethereum Foundation's current planning document and noted new elements absent from his original. The document, called a strawmap, is maintained by four people including Buterin and published by the Fo

OpenAI released GPT-5.6-Cyber, a cybersecurity-specific model designed for approved defenders to conduct exploit development and vulnerability research. The company positioned the release around what it describes as a shrinking window for defense, arguing that threat actors will increasingly use AI

Twelve Nasdaq 100 stocks more than doubled in 2026, with none belonging to the Magnificent Seven group. SanDisk led with a 406% gain, followed by Micron at 207% and Intel at 175%. The outperformance stems from investor rotation into AI infrastructure hardware suppliers over software platforms. Ed

Cardano has been associated with 21 of 42 blockchain use cases highlighted by the United Nations Development Programme (UNDP), positioning the network across financial services, digital identity, public-sector infrastructure, sustainability and development programs. The network's involvement in

Kim Jung-kwan, South Korea's Minister of Trade, Industry and Energy, announced at a Cabinet meeting on the 11th a target to complete the Honam semiconductor cluster by 2029, with the first semiconductor fab scheduled for completion that year. The minister stated the goal is to accelerate cluster

Samsung SDI terminated its battery joint venture agreement with General Motors (GM) and will acquire GM's 49.99% stake to convert the joint venture into a wholly-owned subsidiary, the company announced following a board meeting on the 11th. The decision allows Samsung SDI to secure its first

Korea Casting & Forging signed a 2.6 billion won contract with Samsung Heavy Industries to supply large ship casting products, disclosed on the 11th. The contract covers approximately 12 vessels and reflects the company's accelerating order intake amid the shipbuilding industry boom. The agreement i

Bitcoin developer Luke Dashjr has been removed as an editor of Bitcoin Improvement Proposals following a dispute over his role in BIP 110. Mark Erhardt opened the pull request on Sunday after recommending Dashjr's removal on the Bitcoin Developer mailing list, citing Dashjr's heavy involvement in

HSBC Asia and Middle East Co-CEO David Liao stated Hong Kong is an "international wealth treasure trove" and expressed a positive outlook on the city's macroeconomic prospects in an interview with China News Service. HSBC raised its Hong Kong economic growth forecast to 4.5% this year, citing the ci

LG CNS announced plans to launch a new blockchain service in September targeting the stablecoin and digital asset market, according to Lee Jung-hwa, the company's Blockchain Director, speaking at the Injective institutional lunch forum held at Conrad Seoul on the 11th. The service will encompass

TD Cowen analyst Jaret Seiberg assigned a 75% probability that the CLARITY Act will fail to become law this fall in an Aug. 10 policy note provided to Bitcoin.com News. The assessment came days after Senate Majority Leader John Thune (R-SD) filed cloture on the motion to proceed Aug. 8, following th

KG Inicis and LINE Next signed an MOU on the 10th at KG Tower in Jung-gu, Seoul to commercialize stablecoin-based global payment services. The electronic payment company KG Inicis announced on the 11th that the partnership will integrate LINE Next's Unifi Pay stablecoin payment solution with KG Inic

Korean defense companies led by Hanwha achieved significant growth in 2024, with Hanwha ranking 21st globally according to Stockholm International Peace Research Institute (SIPRI) data, yet the combined arms sales of Korea's top four defense firms totaled $14.1 billion, representing just 2.1% of the

Korea Aerospace Industries (KAI) faces mounting financial and structural challenges following the recent resignation of former CEO Kang Gu-young in July, with Kim Jong-chul appointed as new president through an extraordinary shareholders' meeting. The company recorded negative operating cash flow of

Korean defense companies hold massive order backlogs totaling tens of trillions of won as of Q2, but orders remain heavily concentrated in Eastern Europe and the Middle East. Hyundai Rotem's defense division shows Poland's K2 tank contract accounting for 91.5% of its 9.8 trillion won order backlog,