Gate Cryptocurrency News and Market Analysis

Bitcoin BIP-110 developers announced a delay in the soft fork activation after a Coldcard wallet exploit left user funds vulnerable. Udi Wertheimer disclosed the pause and instructed operators running BIP-110 software to revert to standard Bitcoin nodes, providing no new activation date. The

Coinkite faced customer backlash after emailing buyers with purchases dating back to 2019 to warn of a seed generation randomness bug in its Coldcard hardware wallets. The outreach, which began Friday, came after threat actors exploited the vulnerability to steal over 1,000 BTC in recent days.

Total stablecoin supply dropped more than $14 billion from mid-May 2026 to August 2, 2026, marking the largest contraction since TerraUSD collapsed in May 2022. Supply peaked near $322.121 billion in mid-May before falling to approximately $307.561 billion by August 2, with June 2026 delivering the

New York Attorney General Letitia James filed a lawsuit against prediction market platform Kalshi over allegations of unlicensed betting operations on sports, elections, and other outcomes. The legal action seeks to halt the company's activities in New York while imposing financial penalties that st

Evernorth Chief Operating Officer Meg Nakamura stated at WebX Asia 2026 in Tokyo that Japanese financial institutions face a chicken-and-egg dilemma preventing XRP adoption. Speaking at the conference, Nakamura explained that banks and financial firms recognize blockchain-powered finance value but h

Strategy Inc. Executive Chairman Michael Saylor posted 'Bitcoin Drive engaged' on Aug. 2, fueling expectations of a Monday bitcoin purchase announcement. The Sunday message accompanied Strategy's acquisition tracker showing the company's bitcoin reserve at 843,775 BTC with a market value of

The Korean stock market is drawing attention in August following a severe decline in the previous month, with securities analysts expressing rebound expectations amid supply stabilization. KOSPI fell 22.19% over the one-month period, closing at 6595.45 on the 31st after opening at 8476.48 on the 1st

Strategy executive chairman Michael Saylor announced on Saturday that the company's preferred STRC shares will maintain a 12% dividend for August despite trading well below their $100 par value. The announcement came via a tweet where Saylor continued to pitch STRC as a way to 'stretch your

Crypto wallets associated with Trump Media and Technology Group, the company behind Truth Social, transferred 2,628 bitcoin worth approximately $165 million to Crypto.com in two transactions on Saturday, according to onchain data. Lookonchain characterized the move as a likely sale, though onchain d

Meta's AI-powered smart glasses faced mounting privacy controversies throughout 2026 as critics accused the devices of enabling secret recording and unauthorized personal data collection. The disputes stemmed from multiple investigations revealing the glasses were used to film people without

The Korea Exchange plans to introduce a direct listing pathway to KOSDAQ's top-tier 'Select League' starting next year, aiming to attract high-value companies and narrow the persistent IPO size gap with the KOSPI market. The initiative targets companies with multi-trillion won valuations that

Elon Musk crossed $1 trillion in net worth on June 12, 2026, the day SpaceX completed its IPO at $135 per share and reached a valuation above $2 trillion on its first day of trading. The milestone lasted 49 days. By July 31, SpaceX shares had corrected sharply below their IPO price,

Foreign outlets warned NVIDIA CEO Jensen Huang's interventions increase investor anxiety rather than confidence. The Economist published a column on May 29 stating that Huang's actions resemble a central bank intervening in markets, and that investors grow more nervous with each intervention. The

Three major Korean shipbuilders experienced a 35% market cap decline from 146 trillion won on May 24 to 95 trillion won on July 31. SK Securities analyst Han Seung-han issued an 'overweight' recommendation, stating operating profits and order competitiveness remain strong. The

Canadian entrepreneur Jonathan Goodman lost 18.25 BTC worth more than $1.6 million from a Coldcard hardware wallet on July 29, 2026, between 9:36 and 9:43 PM. The theft occurred despite storing the device in a safety deposit box that had never been connected to the internet. The vulnerability

South Korean cryptocurrency exchanges sent $367 million more in stablecoins to foreign platforms than they received in June, marking the 18th consecutive month of net outflows according to data the Financial Supervisory Service provided to lawmaker Lee Jong-wook. The five licensed exchanges—Upbit,

Treasury Secretary Scott Bessent defended the CLARITY Act and demanded Senate action, while CME Group announced plans to launch futures tied to sports performance indexes targeting the $650 billion global sports industry. Aave is preparing to wind down deployments on six blockchains covering $98.1 m

Ripple's private market valuation has surged to an estimated $50 billion, representing a 400% increase from roughly $10 billion in 2019, as highlighted by market analyst Diana. The milestone coincides with Ripple's $750 million share

AmorePacific and LG Household & Health Care disclosed Q2 earnings that exceeded market consensus, with AmorePacific announcing results on the 30th of last month and LG H&H on the 29th. Both companies reported declining China sales but significant North America revenue increases during the quarter.

U.S. airlines maintained pricing power through mid-2026 as airfare rose 26.5% in June compared with a year earlier, according to federal data. Fuel costs surged approximately 50% since Feb. 28 following U.S. and Israel strikes on Iran, prompting carriers including United