Gate Cryptocurrency News and Market Analysis

SK Biopharm announced on the 26th that its board of directors approved the acquisition of exclusive global licensing rights for epilepsy drug candidate Opakalim (BHV-7000) from Ireland-based Biohaven Bioscience Ireland, with CEO Lee Dong-hoon stating the company aims to "change the rules of the

NVIDIA Stocks rebounded after eight trading days, halting a seven-day decline—the longest since 2022—as the company's Q2 earnings announcement approaches one day ahead. The stock found support near its 200-day moving average at $208. According to a JP Morgan briefing on the 25th summarizing

Securities firms raised target prices for GS Engineering & Construction on the 26th as the company's role in GS Group's Donghae AI Data Center (AIDC) project becomes more concrete. Daishin Securities, Kiwoom Securities, Hanwha Investment & Securities, and NH Investment & Securities all maintained 'b

Hyundai Motor announced a stock buyback worth approximately 790 billion won on the 26th, but its share price fell more than 2% during trading. The buyback represents 0.92% of the company's market capitalization, scheduled for cancellation on the 31st. Market analysts attribute the negative

Samsung Venture Investment and NVIDIA participated in artificial intelligence software company Emerald AI's Series A funding round, according to industry sources on the 26th. The round, led by Energize Capital and DCVC, raised $150 million (approximately ₩207.7 billion) from global enterprises and v

Richmond Federal Reserve President Thomas Barkin warned that escalating US government debt may eventually deter bond buyers, with the national debt now exceeding $40 trillion. The 30-year Treasury yield has climbed to levels not seen since before the Global Financial Crisis, driven by fiscal

Walmart started rolling out tap-to-pay technology across select US stores on Aug. 24, marking a shift in its checkout strategy. The rollout follows Walmart's longstanding preference for its QR-based Walmart Pay system over standard NFC payments used by many competitors. The move is part of Walmart's

Koramco The O'ne REIT faces an ex-dividend date on May 28 with its asset manager Koramco Asset Trust issuing an unusual warning about potential price adjustments following a special dividend of approximately ₩8,900 per share. The warning stems from the REIT's liquidation plan, which means the

Coinbase stock rallied as Bitcoin surpassed $80,000, extending a monthly gain of roughly 16%. The cryptocurrency exchange's shares demonstrate a moderate correlation of 0.61 with Bitcoin price movements, according to PortfoliosLab data, meaning the two assets move in the same direction more often th

A restaurant in El Zonte, the coastal village known as Bitcoin Beach, recorded only one Bitcoin payment during August 2026, according to Bitcoin Core contributor Jon Atack. Atack reported the single transaction occurred when he paid for his own lunch, and restaurant staff told him Bitcoin payments h

South Korea's National Assembly Policy Committee raised concerns on the 26th that a proposed amendment mandating fininfluencers to disclose their cryptocurrency holdings may infringe on privacy rights and personal information self-determination. Senior parliamentary researcher Kwak Hyun-joon

Nomura Securities forecasts the Bank of Korea will raise its benchmark interest rate by 25 basis points at its August monetary policy meeting, according to economist Park Jung-woo on May 28. The prediction is based on Nomura's proprietary rate hike probability model, which shows the likelihood of co

NVIDIA will release its Q2 FY2027 (May-July) earnings results on August 27, 2026 at 5am Korean time, following the close of US markets on August 26. Market consensus forecasts revenue of $91.6 billion (up 96% year-over-year) and earnings per share of $2.08 (up 98% year-over-year), which would mark t

POSCO International, the trading arm of South Korea-based POSCO Holdings, completed a pilot project on Aug. 25 to tokenize real-world trade receivables on the Avalanche blockchain. The pilot involved POSCO International America, the company's U.S. subsidiary, along with Intain and trade-finance

South Korea's Ministry of Planning and Budget on the 26th defended its proposed Future Response Fund against criticisms that excess tax revenue should prioritize debt repayment. Park Seong-hun, Director of the Future Response Fund Promotion Team, stated during an appearance on the presidential

Samsung Electronics and SK Hynix conducted large-scale share buybacks over four trading days from the 20th to the 25th, with other corporations net purchasing 5.3765 trillion won in the KOSPI market during this period. The buyback programs were triggered by

Top-performing investors at Mirae Asset Securities net-purchased shares of PharmaResearch, Samyang Foods, and Doosan Enerbility on the morning of the 26th, according to data compiled by the brokerage. The top 1% of investors by returns over the past month bought PharmaResearch most heavily,

Park Sang-hyuk, editor-in-chief of Digital Asset, stated that Bitcoin has established itself as a dollar hedge asset during an appearance on SamproTV on the 26th. Park explained that Bitcoin prices fell on May 25 when US Treasury yields declined due to easing inflation concerns following oil price d