Gate Cryptocurrency News and Market Analysis

Bitcoin infrastructure company Blockstream launched Blockstream Swaps, a feature enabling users to make trustless swaps between the Bitcoin main chain and Lightning Network. The launch aims to provide resilient ecosystem utility, complementing existing providers after non-custodial swap provider

SK Hynix agreed to acquire convertible preferred shares of US AI company Penguin Solutions from SK Telecom for $380.3 million, nearly double the $200 million SK Telecom paid in December 2024, according to financial industry sources on the 10th. The contract between SK Telecom's US subsidiary Astra A

Aegis Asset Management plans to build a new annex at K-Twin Tower in Gwanghwamun, Seoul, featuring views of Gyeongbokgung Palace. The company was selected as the preferred bidder for K-Twin Tower acquisition last month with a total investment of 1.1662 trillion won. The strategy aims to increase

JPMorgan raised its year-end S&P 500 target to 8,000 from 7,800 on Monday, while research firm CFRA lifted its 12-month target to 8,650 and year-end target to 8,050. The upgrades follow strong earnings growth driven by artificial intelligence investment and cloud computing expansion, with Google

Korean retail investors shifted trading activity to 3x leveraged exchange-traded funds following a July 31 regulatory restriction on single-stock leveraged ETFs. Data from the Korea Securities Depository for the six trading days from July 31 to August 7 showed the Direxion Daily Semiconductor

SK Hynix shares declined for two consecutive days following its quarterly dividend announcement on the 7th, as the 375 won per share payout matched last year's amount despite the stock price exceeding 1.4 million won. The unchanged dividend disappointed investors, resulting in a dividend yield

Hana Securities forecasts KOSPI will follow a 'square root (√)' shaped recovery pattern after the recent historic crash, according to a report issued on the day before the 11th. The securities firm predicts price and interest rates will drive an initial rebound, followed by a secondary rise led by c

SpaceX (SPCX) stocks closed 4% higher on Monday, climbing back above the company's IPO price of $135 after trading below that level since July 16. The rally followed ARK Invest's latest newsletter dismissing the 14% post-earnings drop last Wednesday as short-term noise, with the firm highlighting Sp

Korean stock investors increased margin debt by approximately 2 trillion KRW over three trading days ending the 7th, reaching 29.23 trillion KRW, as Samsung Electronics and SK Hynix shares declined and investors sought to buy the dip. The surge followed a KOSPI rally of 17.91% on the 31st of last

Bond-mixed exchange-traded funds (ETFs) holding Samsung Electronics and SK Hynix stocks declined over 13% in the recent one month period as of the 10th, according to data from KOSCOM ETF CHECK. The four ETFs, classified as safe assets in retirement pension accounts allowing 100% allocation,

Harry Chun Tak Yeh, Managing Partner and Founder of Quantum Fintech Group with over $2 billion in assets under management, was found dead at the base of the Jade Park residential complex in Paraguay in the early morning hours of last Friday after falling over 100 meters from the 30th floor. Police d

Gold prices declined modestly while silver prices firmed in early U.S. trading Monday, as precious metals markets consolidated Friday's payroll-driven rally ahead of this week's U.S. inflation data releases. Spot gold traded near $4,329.20 an ounce, down 0.28%, while spot silver traded at $63.800, u

Supporters of BTCPay Server, the open-source bitcoin payments processor that recently disclosed an exploit, have committed to supporting a recovery bounty of 10% of any funds recovered, capped at 3 BTC for full recovery, according to an announcement on Monday. The bounty responds to a critical

District Judge Andrew Carter granted a motion to stay a US Commodity Futures Trading Commission (CFTC) civil case against US Army Special Forces Master Sergeant Gannon Ken Van Dyke on Monday, pending the outcome of a criminal proceeding. Van Dyke is alleged to have used nonpublic information to

Australia's financial-crime regulator AUSTRAC suspended Cryptolink Pty Ltd's registration as a Virtual Asset Service Provider for three months effective August 9, shutting down the company's 96 crypto ATMs. The suspension followed Cryptolink's failure to meet basic reporting obligations,

US stocks closed lower on the 10th (local time) as the Dow Jones Industrial Average fell 60.95 points (0.11%) to 53,975.98, the S&P 500 declined 4.53 points (0.06%) to 7,753.11, and the Nasdaq dropped 85.25 points (0.32%) to 26,605.35. The declines followed stalled US-Iran negotiations over

Amazon is funding a natural gas-burning power plant in Texas to power its artificial intelligence data centers, a project The New York Times reported could become the largest single source of climate pollution in the United States. The investment reflects Amazon's need to secure dedicated power

Marathon Digital Holdings (MARA), a Nasdaq-listed Bitcoin miner, secured $750 million in total credit facilities through a crypto-collateralized loan backed by Bitcoin. The company pledged 18,750 BTC, valued at approximately $1.2 billion at the time of the transaction, to two separate lenders:

Kinesis Gold (KAU), a token backed by physical gold, appeared to surge more than 110% on CoinGecko on Monday. The dramatic move showed a 24-hour low near $66 before returning to around $140, while gold itself had not moved anywhere close to that amount. The most likely explanation is a market data p

Bitcoin traded between $63,000 and $65,400 in August after declining 49% from its early October 2025 peak above $126,000. The prolonged decline absorbed multiple sources of selling pressure, including Strategy's sale of 1,690 BTC, over $8 billion in US spot bitcoin ETF outflows across eight