Gate Cryptocurrency News and Market Analysis

Seoul's bond market monitored foreign investors' government bond futures trading on September 29 as overnight rises in US Treasury yields and international oil prices created an unfavorable environment. The key factor was whether foreign selling pressure on bond futures would weaken, with market

Bitcoin (BTC) fell further to $83,178 on Sept. 29. On the macro front, Trump rejected Iran’s proposal for a seven-day ceasefire and the reopening of the Strait of Hormuz. Brent crude oil immediately rebounded above $100 per barrel, driving the dollar higher and U.S. Treasury yields up and creating dual pressure on non-yielding assets such as Bitcoin. The FED raised the benchmark interest rate to a range of 3.75% to 4%. ETF Inflows Slow: Weekly Net Inflows of $2.39 Billion, Daily Average Falls fr

Moody's Analytics assessed on the 29th that South Korea's economy is growing rapidly driven by strong exports, but domestic demand remains sluggish. Dave Chia, economist at Moody's Analytics, stated in a written interview with Yonhap Infomax that "the economy is running at two speeds." He pointed ou

South Korea's overseas direct investment reached $20.52 billion in Q2 2026, a 32.3% increase from the same period in 2025, marking the fourth consecutive quarter of year-on-year growth, according to the Ministry of Economy and Finance on May 29. The expansion was driven by a 33.4% surge in

Saudi Arabia completed restoration of its East-West Pipeline on the 27th and resumed crude oil exports through the Red Sea, Saudi state oil company Aramco confirmed on the 28th (local time), according to the Wall Street Journal. The pipeline had been shut down since the 10th following a drone

Major South Korean securities firms raised Comprehensive Asset Management Account (CMA) interest rates by 0.15 to 0.25 percentage points recently, according to financial investment industry sources on the 29th. The rate hikes respond to steep increases in commercial bank deposit rates following the

Jefferies Financial Group (NYS:JEF) stocks closed at $47.13 on the 28th, down 1.15%, despite posting strong Q3 earnings that beat Wall Street expectations. The US financial firm reported adjusted earnings per share of $1.08, surpassing the $1.00 consensus estimate, while revenue reached $2.22

GS P&L, a Korean hotel holding company spun off from GS Retail in December 2024, reported substantial financial improvements in H1 2025, with revenue reaching 289.3 billion won (+40.0% year-over-year) and operating profit surging to 53.5 billion won (+99.6% YoY). The performance surge was driven

The won-dollar exchange rate fell into the 1350 won range during morning trading on 29일, declining 6.20 won to 1358.90 won from the previous day's 3:30 PM closing price, as quarter-end exporter dollar selling flows entered the Seoul foreign exchange market. The decline occurred despite global dollar

Korea Exchange announced amendments to its KRX Gold Market operating regulations to support the Bank of Korea's foreign exchange reserve gold purchases. The regulatory changes establish trading, storage, and settlement infrastructure enabling BOK to acquire physical gold bullion through the exchange

The Federal Reserve may pursue additional interest rate hikes extending into 2027 if oil prices remain above $100 per barrel, according to Seema Shah, Chief Global Strategist at Principal Asset Management, as reported by Business Insider on the 28th local time. Shah stated that markets are

Shinsung E&T began mass-producing heat sinks at its Kentucky facility in August, targeting secondary battery clients including LG Energy Solution. The KOSDAQ-listed company reported H1 revenue of 110.1 billion won, a 106.4% year-over-year increase representing 94.2% of its 2023 full-year revenue of

Mirae Asset's TIGER US S&P500 ETF ranked first in individual net purchases among all domestic Korean-listed ETFs as of May 28, with year-to-date inflows reaching 4.86 trillion won. The S&P500 ETF attracted long-term investment funds as investors sought diversified exposure across multiple sectors an

Payment infrastructure company Verona launched verUSD, a dollar-pegged stablecoin designed for AI agent data purchases and transaction settlements, on local time May 28. The launch secured over $100 million in institutional commitments from ecosystem partners including Animoca Ventures, Figment

Stablecoin issuers increased US Treasury holdings by $200 billion over the recent 5 years, according to San Francisco Federal Reserve research published on the 29th. This tenfold expansion offsets over 40% of China's sales in the same period, driven by Beijing's geopolitical reduction of its

Samsung Electronics displayed a congratulatory video for NVIDIA CEO Jensen Huang on the Times Square billboard in New York from local time 6pm May 27 through May 28, the company announced on May 29. Huang received the 2026 Van Fleet Award for leading innovation in AI and accelerated computing and co

Naver CEO Choi Soo-yeon and executives met with Mexican government officials and major IT companies on the 24th-25th to discuss artificial intelligence business cooperation, the company announced on the 29th. The meetings occurred during a presidential economic delegation visit to Mexico. This

South Korea's Individual Savings Account (ISA) program surpassed 10 million subscribers at the end of August, the Korea Financial Investment Association announced on the 29th, marking 10 years and 5 months since its March 2016 launch. Total deposits reached 76.5 trillion won, representing

Korea Securities Depository (KSD) and global fintech firm Broadridge signed a memorandum of understanding on May 28 (local time) in New York to integrate electronic voting platforms for foreign investors in Korean listed companies. The partnership aims to streamline shareholder meeting information a