Gate Cryptocurrency News and Market Analysis

Arthur Hayes, co-founder of Bitmex and chief investment officer at Maelstrom, warned that bitcoin may fall to $50,000 before eventually reaching $1 million in an essay published on Aug. 4. Hayes argued that the multitrillion-dollar artificial intelligence infrastructure boom resembles a real

The AI video generation platform Higgsfield recently open-sourced all the prompts, character models, and scene assets for the 95-minute AI film “Hell Grind,” along with a 19-minute behind-the-scenes breakdown and a set of prompt tools packaged as a Claude Skill that can be deployed in about 30 seconds. “Hell Grind”: Production Scale and Cost Structure According to Higgsfield’s official statement, “Hell Grind” was produced by a 15-person team in Almaty, Kazakhstan, over 14 days, at a total cost o

Korean securities firm employees are expecting higher performance bonuses this year as firms report record profits driven by a strong stock market rally. Front-line staff in branches handling stock trading and wealth management report bonuses increased approximately 1.5 to 2 times compared to last y

Korea Investment & Securities rapidly narrowed its net profit gap with Nomura Securities, Japan's leading brokerage, during the first half of this year, driven by a domestic stock market boom led by semiconductors. The firm posted net profit of KRW 1.7311 trillion in H1, a 68.9% increase from the

The Korean won appreciated 1.49% against the US dollar last week, marking the strongest performance among major currencies, according to data from Yonhap Infomax. The won's strength resulted from a combination of improved domestic foreign exchange supply and easing dollar strength. However,

Cathie Wood’s Ark Invest bought approximately $15 million worth of NVIDIA (NVDA) stock on July 28, distributed across 5 of its ETFs; on July 29, it bought approximately $14.7 million worth of TSMC (TSM) stock, distributed across 4 ARK ETFs. Market data shows that NVIDIA and TSMC currently both have forward price-to-earnings (P/E) ratios of approximately 25x. Ark Invest’s Two-Day Trading Details: ETF Allocation of NVIDIA and TSMC Based on Ark Invest’s daily trading disclosures, as required by U.S

AsWeMake, operator of food ingredient ordering and delivery platform QMarket, faced fraud allegations during a 50 billion won fundraising round. New investors discovered discrepancies in client records, sales data, and bank balances during due diligence verification. Founder and CEO Son Soo-young

Bitcoin and gold showed signs of price synchronization as their correlation coefficient turned positive to 0.2207 on the 9th, according to CoinGlass data viewed on the 10th. The shift marks a reversal from the negative correlation of -0.2021 recorded on the 31st of last month. Correlation coefficien

Korean brokerage firms issued target prices for SK Hynix ranging from 1.48 million won to 4.7 million won based on reports published from June 1 to August 6, creating a 217.6% gap between the lowest and highest estimates. The divergence stems from conflicting views on memory chip supply dynamics and

Bitcoin (BTC) gave back its weekend gains, trading at around $65,030 on August 10. Strategy founder Michael Saylor said BIP-110 has received only around 0.15% of Bitcoin’s hashrate and that its first difficulty adjustment could take 25 years. South Korean People Power Party lawmaker Jung Sung-kook plans to propose a bill delaying the implementation of taxation on virtual asset income by three years, until 2030. Macroeconomic Events & Crypto Hotspots Michael Saylor posted on X that the BIP-110 br

The Korean Exchange triggered a buy-side sidecar for the KOSDAQ market at 9:50 AM on August 10, marking the third such activation in August. The circuit breaker engaged after the KOSDAQ150 futures index rose more than 6% and the spot index climbed over 3% compared to the previous trading day's

Samsung Electronics announced on the 10th that global pre-sales of its Galaxy Z8 series—comprising the Galaxy Z Fold8 Ultra, Fold8, and Flip8—increased by more than 30% compared to the previous generation. The surge was driven by a redesigned form factor that maintained the Fold series'

Sanil Electric recorded its fifth consecutive quarter of record performance in Q2 2025, driven by surging demand for specialty transformers from AI data centers and aging power grid replacements. The company's Q2 consolidated revenue reached 164.2 billion won, up 28% year-over-year, while

RootData data shows that more than 100 cryptocurrency projects will shut down, file for bankruptcy, or permanently cease operations in 2026, and the pace is continuing to accelerate. Chainway Labs co-founder Mahir Kılıç compared it to the bursting of the dot-com bubble, while Ark Invest’s head of research, Lorenzo Valente, called it “the largest consolidation phase in history.” RootData Data: More Than 100 Crypto Projects Collapse in 2026 According to RootData statistics, the shutdowns in 2026 s

Foreign investors recorded their largest-ever weekly net sell-off of dollar futures in South Korea's currency futures market during August 3-7, selling 173,873 contracts worth 2.4735 trillion won. The massive sell-off reflects strong market expectations for further declines in the won-dollar

The leading BIP-110-supporting miner Roughnecks announced on X on Aug. 9 that it was stopping mining and called on all miners still mining the BIP-110 chain under the current algorithm to stop. The split between the Bitcoin main chain and the BIP-110 chain began at block height 961,632. After the split, the BIP-110 chain mined only one additional block, 961,633, before entering a complete standstill. BIP-110 Chain Stalled After Only One Additional Block Following Split: Hashrate Comparison and D

The US Department of Defense is urging defense contractors to accelerate weapons production to replenish stockpiles depleted by the Iran war, according to a statement from Pentagon spokesperson Sean Pannell on the 9th. Deputy Secretary of Defense Stephen Feinberg sent a letter to industry leaders on

Robin Brooks, a Brookings Institution researcher and former Goldman Sachs foreign exchange analyst, forecasted that the Jackson Hole symposium scheduled for the end of this month may trigger a resumption of the gold rally as central bank chiefs signal potential rate cuts. Brooks published a blog ana

Hyundai Motor faces a strategic inflection point as hybrid electric vehicle (HEV) demand weakens in global markets outside the United States, prompting analysts to forecast a faster transition toward physical artificial intelligence (AI) platforms. The automaker's global HEV retail sales