Gate Cryptocurrency News and Market Analysis

Lotte Card is developing compensation measures for commission-based card recruiters affected by a business suspension that began on the 31st of last month, according to financial industry sources. The South Korean credit card company received a 1.5-month business suspension and 5 billion won fine

SK Hynix and SanDisk announced the first standard specification for High Bandwidth Flash (HBF) technology through the Open Compute Project (OCP) on the 4th. The announcement coincides with the FMS 2026 event running through the 6th (local time) at the Santa Clara Convention Center in California,

South Korean stock index KOSPI experienced extreme volatility last week but reconfirmed the 6,000 level as a bottom, according to NH Investment & Securities researcher Kim Byung-yeon on the 4th. Kim stated that future stability of the Korean stock market depends on whether US interest rates

NH Investment & Securities is investing approximately 7 billion won in the pre-IPO round of FuriosaAI, a domestic artificial intelligence (AI) semiconductor company, according to investment banking industry sources on the 4th. The investment, led by NH Investment's New Technology Finance Investment

HL Mando reported Q2 revenue of 2.4953 trillion won, a quarterly record, with operating profit of 107 billion won exceeding market consensus by 6%. Despite the strong performance, 10 of 18 securities firms that issued reports following the earnings release lowered their target prices for the

President Lee Jae-myung questioned the rationale for rental housing supply at a real estate policy forum held on the 23rd, asking why developers would pursue rental projects when land is available for sale units. The forum, attended by officials including Finance

Living More, a furniture retail company, increased its stake in Zinus to 8.08% as of the 31st of last month, up from 6.88%, according to a disclosure filed the previous day with Korea's Financial Supervisory Service. Separately, Noh Kyung-yeol, the major shareholder of food company Samkyung F&S,

Coinbase CEO Brian Armstrong urged senators on Aug. 3 to approve the CLARITY Act, federal legislation establishing regulatory rules for cryptocurrency markets. Armstrong described the bill as the result of extensive bipartisan negotiations

The World Bank highlighted inefficiencies in the Philippines' tax collection system during the launch of its Philippines Economic Update on Monday, August 3. Despite imposing a 12% value-added tax (VAT)—nearly double Thailand's 7% rate—the Philippines collects roughly the same amount of VAT

LG Uplus announced on the 4th the acquisition of Pargo Networks, a domestic managed detection and response (MDR) specialist, to strengthen its enterprise security response system and business-to-business (B2B) security operations. The telecommunications company did not disclose the acquisition

Bitmine Emergence Technologies (AMS:BMNR), the largest corporate holder of Ethereum, purchased an additional 10,399 ETH last week and expanded its share buyback program, according to CoinDesk on August 3 (US local time). The purchase, valued at approximately $19.1 million at Ethereum's current

Korean hedge funds experienced a dramatic performance shift in July as equity-focused funds lost ground during market volatility. DS Asset Management's 'The First' fund topped rankings with a 100.45% return, while W Asset Management's 'M8' fund secured 5th place at 25.96%. Market turbulence caused t

South Korea's IPO market recorded 17 new listings in the first half of the year, raising KRW 1.1 trillion, according to Heungkuk Securities—less than half the 38 listings from the prior year's first half. Fundraising declined from KRW 1.7 trillion in 2024 and KRW 2.2 trillion in 2025. Researcher

Oracle (NAS:ORCL) stock rose 9.22% to $141.85 on August 3 (local time), driven by a broader rally in cloud sector stocks and a Bank of America forecast projecting free cash flow recovery for top cloud companies. BofA analyst Vivek Arya predicted that the top four cloud companies' free cash flow

UK stocks rose in July as the FTSE 100 index climbed 3.5%, reaching a historic high of 10989 points and ranking first among major developed economy stock indices for the month. The gains came as investors rotated away from AI-related technology stocks into undervalued assets, with traditional econom

The Lopez family conflict over its Philippine media and energy empire has created two distinct investment pathways: acquiring shares in ABS-CBN Corporation, the struggling broadcast network with a market capitalization of approximately P3.095 billion, or buying into Lopez Inc., the unlisted

LG Electronics stocks fell 60% from their June 2 high of 438,000 won to 158,800 won as of August 3, yet securities firms raised target prices following the company's Q2 earnings surprise. The stock closed at 158,800 won on August 3, down 2.04%, and has declined 17.42% over the past month. The