Gate Cryptocurrency News and Market Analysis

AST SpaceMobile (ASTS) share price dropped about 3.5% after-hours on Monday after the company posted second-quarter revenue of $31.5 million, below the $33.9 million analysts expected, and a net loss of $230.9 million, or $0.77 per share, compared to the $0.35 per share loss analysts projected.

Securities firms' target prices for major Korean stocks show discrepancies up to 6.3 times, with Samsung Electronics ranging from 150,000 to 650,000 won and SK Hynix from 750,000 to 4,700,000 won, according to data from FnGuide covering January through the 7th. The gap stems from conflicting

Oil prices surged approximately 5% as US-Iran negotiations over reopening the Strait of Hormuz remained deadlocked with no clear resolution in sight. On the 10th (US Eastern time), West Texas Intermediate (WTI) crude for September delivery jumped $3.95 (5.05%) to close at $82.13 per barrel on the

Trump Media & Technology Group on Monday reported a net loss of more than $238 million for its fiscal second quarter on revenue of less than $2 million. The loss, which significantly exceeded the almost $20 million lost in the same period last year, was primarily driven by declines in non-cash

Polymarket traders now assign a 65% probability that XRP will fall below $1 before the end of August. The prediction aligns with technical chart patterns showing a bearish head-and-shoulders formation, declining trading volume during recent price tests, and trader positioning data indicating both in

North Korea's Kimsuky hacking group tested three local AI platforms as the nation expands its cyber capabilities, according to an analysis published Monday by Genians Security Center. Genians says Kimsuky has used AI-generated phishing documents since the start of 2026, with researchers tracking

Korean corporations face mounting funding difficulties across multiple channels despite the Bank of Korea reporting broad money supply (M2) reached 4,184 trillion won in May, up 32 trillion won from the prior month. The monetary multiplier dropped from an annual average of 14.9 in 2024 to 13.36 in M

Gold futures prices rose nearly 1% to surpass the $4,400 mark on August 10 afternoon (US Eastern Time), with December delivery gold futures (GCZ6) trading at $4,434.60 per troy ounce on the COMEX exchange. The rally follows a month-long consolidation period in July where gold found support at the $4

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