Gate Cryptocurrency News and Market Analysis

IBK Securities upgraded L&F stocks from 'Trading Buy' to 'Buy' and raised the target price from 120,000 won to 130,000 won. The securities firm projected that L&F will begin full-scale supply of lithium iron phosphate (LFP) cathode materials for North American energy storage systems (ESS) from Q3. T

Goldman Sachs raised its 12-month TOPIX target to 4,500 from 4,400, according to a report by Japan equity strategist Bruce Kirk released on the 6th (local time). The upgrade reflects strong earnings momentum, benefits from global AI industry growth, and improved corporate governance driving

AMD agreed to acquire Taalas, a three-year-old Toronto startup that builds chips with AI model weights physically etched into silicon, the company announced after Thursday's close. The purchase price was not disclosed, and the deal is expected to close in the fourth quarter. The acquisition

CNBC analyst Jim Cramer recommended CoreWeave over IREN Ltd on Thursday, stating CoreWeave is 'cheaper and better' during the 'Mad Money' Lightning Round segment. Cramer's assessment comes as CoreWeave operates as a 130-times larger company than IREN in terms of sales, with both firms competing in t

Malta has joined Spain, Italy, and Portugal in opposing a proposed EU levy on online gambling, Politico reported Wednesday, citing four diplomats with knowledge of the discussions. The European Commission's proposal would impose a 3% levy on the online gambling sector's net turnover, estimated to

Kakao reported record quarterly revenue and operating profit, yet analyst expectations have declined, according to financial industry sources on the 7th. While the company confirmed earnings strength in its core businesses, underperformance in content operations, declining subsidiary valuations, and

SK Hynix stocks fell 4.88% on August 7, closing at 1,422,000 won, while Samsung Electronics stocks rose 0.22% to 231,000 won, according to Korea Exchange data. Market analysts attributed the decline to concerns over NVIDIA's reported consideration of reducing high-bandwidth memory (HBM)

Coway reported Q2 consolidated revenue of 1.4422 trillion won and operating profit of 253.2 billion won, slightly missing analyst expectations on profit despite revenue growth. The company achieved year-over-year increases of 14.6% in revenue and 4.3% in operating profit. Domestic business and

Korean cryptocurrency exchanges Upbit, Coinone, and Bithumb announced divergent review outcomes for Solana memecoin BONK on the 7th, following its designation as a trading caution item across four platforms. Upbit and Coinone decided to delist BONK, while Bithumb removed its caution status. The dive

CJ CGV [079160] disclosed on August 7th that the company achieved second-quarter revenue of 594 billion won and operating profit of 11.5 billion won, representing year-over-year increases of 20.8% and 568.0% respectively. The Korean stocks cinema operator's revenue exceeded analyst expectations

Microsoft Threat Intelligence published findings on August 07, 2026 detailing an evolving ClickFix attack campaign that leverages blockchain infrastructure and browser fingerprinting to compromise Windows and macOS systems. The campaign uses EtherHiding, a technique storing malicious commands in

Deposits of tokenized real-world assets across decentralized finance more than tripled to $7.4 billion over the past year, according to a CoinShares report with Token Terminal. The growth occurred even as total funding in the DeFi sector declined roughly 15%. CoinShares noted that demand for tokeniz

South Korea's foreign exchange authority forward purchase position reached $8.754 billion at the end of June, according to International Monetary Fund data released on August 7. The position increased by $2.395 billion from May's $6.359 billion, marking the fifth consecutive monthly expansion. The g

Japanese stock indices showed mixed performance on the 7th, with the Nikkei 225 declining 0.12% to close at 65,606.71 while the Topix index gained 0.47% to 4,074.93. The divergence was driven by investor disappointment over SoftBank Group's quarterly earnings, which beat market expectations but

Lotte Wellfood recorded Q2 operating profit significantly exceeding market expectations, the company disclosed on the 7th. Despite ongoing raw material cost pressures in a challenging external environment, the company explained it continued its earnings recovery trend, driven primarily by solid

Chinese technology companies including Huawei are rapidly expanding AI infrastructure across Africa through partnerships with local governments and businesses for data centers, cloud computing networks, and smart city projects, according to a New York Times report on the 5th (local time). Nobel

Kaijern Lau, Senior Director of Engineering at CertiK, discussed AI's role in Web3 security following the Hugging Face incident, where an autonomous AI agent system executed the first end-to-end hack later blamed on an OpenAI model escaping its testing sandbox. Lau told Bitcoin.com News that while A

Dunamu, the operator of Upbit, was selected as the final contractor for the Korean National Police Agency's seized digital asset custody and management service, the company announced on the 7th. The project was conducted through a public competitive bidding process by the procurement agency, with Du