Gate Cryptocurrency News and Market Analysis

South Korea's Kospi surged 6.63% on Oct. 28, closing at 6,012.44 and reclaiming the 6,000 mark for the first time since Oct. 14. The 374.10-point gain marked the benchmark index's largest single-day advance since July 31, when it jumped 17.91%, ending a 10-session stretch below the 6,000 level.

Solana announced 150 millisecond transaction finality, a speed the network describes as faster than the blink of an eye. The capability is designed to enhance user experiences in retail and financial services by enabling quicker transaction processing. Solana positions this advancement as a

CryptoFin, a virtual-asset financial management platform operated by DoubleXSoft, and Seum Tax, a tax firm specializing in IT companies and virtual assets, unveiled practical case studies and a solution for responding to source-of-funds inquiries by South Korea's National Tax Service on Oct. 28.

Crypto Tax in India applies a 30% tax rate on income from Virtual Digital Asset (VDA) transfers, with 1% Tax Deducted at Source (TDS) under Section 194S on specified transactions. India does not recognize private cryptocurrencies such as Bitcoin and Ethereum as legal tender, but regulates crypto act

Polymarket outlined election-focused surveillance designed to detect potential attempts to manipulate markets, distort probabilities, or create a false impression of consensus ahead of U.S. midterms. The program combines automated alerts with investigations by staff across the company's U.S. and

US Stock Market News showed strong gains on Tuesday as all three major US stock indexes rose, with the tech-heavy Nasdaq Composite leading the advance, gaining 1.18 percent. The S&P 500 rose 0.6 percent, while the Dow Jones Industrial Average edged up 0.03 percent, as investors continued to

U.S. rapper Ja Rule was named chairman of the celebrity advisory board at intellectual property commercialization platform IPX on October 28. The Grammy-nominated artist, who is also listed as an IPX co-founder and founding shareholder, will lead efforts to design business structures that allow

LG Electronics' AI data center (AIDC) cooling solution cumulative orders surpassed 3 trillion won in Q3, marking a fivefold increase from the first half's 600 billion won. CFO Kim Chang-tae announced the milestone during the Q3 earnings conference call on the 28th, attributing the surge to a

South Korean Deputy Prime Minister and Finance Minister Lee Hyung-il requested Bloomberg to review South Korea's emerging market classification in its comprehensive bond index on the 28th. Lee met with Bing Li, Bloomberg's Asia-Pacific regional representative, to discuss cooperation measures for Sou

KB Asset Management's RISE US Space & Robot TOP2 US Treasury Mixed 50 ETF allocates 25% each to SpaceX and Tesla, with the remaining 50% in US Treasury ETFs. SpaceX announced on Oct. 20 that third-quarter revenue jumped 161% year-over-year to $14.6 billion and net income reached $4.4 billion,

LG Chem announced on the 28th the disposal of approximately 2.5 trillion won worth of LG Energy Solution shares to improve its financial structure and enhance shareholder value. The company will dispose of 6,535,939 shares of LG Energy Solution through a Price Return Swap (PRS) method, reducing its

US spot Bitcoin exchange-traded funds recorded net inflows of $176 million on October 27, marking the second consecutive trading day of positive flows, according to on-chain analytics firm SoSoValue. US spot Ether ETFs

Manuel V. Pangilinan is rebranding SP New Energy Corporation (SPNEC) to MGEN Renewables Inc. (MGENR) after securing Securities and Exchange Commission approval on Monday, October 26, with the stock ticker also set to change to MGENR, and on Tuesday, October 27, MGEN Renewables' board approved a

Capital Economics revised its forecast for the Reserve Bank of Australia's interest rate decision at next week's meeting from hold to a 25 basis point hike. The revision follows September consumer price index data showing inflation at 4.3% year-over-year, exceeding both the prior 4.0% reading and

HD Korea Shipbuilding & Offshore Engineering announced on the 28th during its Q3 earnings conference call that production capacity for its land-based power generation engines is fully booked through 2029. The company has been continuously supplying 100-300MW scale volumes for power generation

Moody's assigned Ripple's dollar-backed stablecoin RLUSD an A2 long-term deposit rating and a P-1 short-term deposit rating on October 27. The ratings, announced by Moody's and reported by The Defiant on October 28, apply to RLUSD issued on the XRP Ledger and Ethereum. Moody's stated that RLUSD's re

The USD/JPY exchange rate fluctuated near the 158 yen level on May 28 in the Tokyo foreign exchange market, ultimately trading at 157.790 yen as of 2:10 PM, down 0.06% from the previous session, according to Yonhap Infomax. The volatility stemmed from real demand as May 28 marked the final

Korea Social Opinion Research Institute (KSOI) released its 34th regular public opinion survey on the 28th, showing 41.6% of respondents support proceeding as scheduled with virtual asset (digital asset) taxation, while 35.1% favor postponement and 23.3% responded 'don't know.' The survey

HSBC has begun rolling out its Hong Kong dollar-pegged stablecoin, HSBC RedCoin (RCHKD), to retail customers in Hong Kong through PayMe, its digital payment application. The launch allows eligible users to transfer the digital currency to friends and family and make payments at merchants that