Gate Cryptocurrency News and Market Analysis

NAV Coin dropped 11.6% in one hour to trade at $0.043247, marking its sharpest decline in weeks. The cryptocurrency fell from $0.049 to $0.043 during this period, following a daily high of $0.051286 earlier in the day. The price movement reflects shifting trader sentiment amid broader cryptocurrency

The House Permanent Select Committee on Intelligence urged U.S. spy agencies to prepare for 'Black Swan' artificial intelligence risks, warning in a new report that the technology could be leveraged by terrorists or adversaries to develop more dangerous weapons and plot more deadly attacks. The repo

Gold futures declined on the 31st as Fed Chair Kevin Warsh's hawkish Jackson Hole remarks continued to pressure precious metals markets for a second consecutive session. As of 2:21 PM Eastern Time on the 31st, December delivery gold futures (GCZ6) on the Chicago Mercantile Exchange's COMEX

South Korean asset management companies are launching similar exchange-traded fund products with nearly identical investment philosophies and portfolio structures, according to Korea Exchange data. Domestic listed ETFs totaled 1,163 products, nearly double the 533 products that existed in 2021, with

Samsung Electronics and SK Hynix stocks experienced sharply divergent investor behavior in August as foreign investors sold 7.06 trillion won of SK Hynix and reduced Samsung positions while retail investors purchased 2.64 trillion won of SK Hynix and 2.29 trillion won of Samsung Electronics. The

Franklin Templeton Chief Investment Strategist Christine Tan told Korea Economic Daily on the 28th that Korean stocks will show a 'semiconductor plus' pattern in the second half as hidden value stocks awaken. The firm published a 'Peacock and Tiger Story' report in early last month recommending

Private fund trading activity in South Korea's KOSPI market reached 1.89% of daily average trading volume in August through Aug 28, up from 1.73% in July and around 1% throughout the first half, according to Korea Exchange data released Aug 31. The increase occurred as individual investor daily aver

Ondo Finance integrated its USDY yield-bearing token and Ondo Intelligent Portfolios with LBank, making both products available to LBank's 25 million-plus registered users. The integration expands distribution for Ondo's tokenized products, which include USDY backed by U.S. Treasuries and

The Monetary Authority of Singapore announced FSTI 4.0 on August 31, committing S$220 million over three years to expand government support for the fintech sector across six funding tracks covering institutional projects, manpower, artificial intelligence adoption, infrastructure, centres of

Strive bought 1,800 BTC for roughly $143 million at an average price of $79,431 per coin, CEO Matt Cole said Monday, raising the company's total holdings to 23,156 BTC worth about $1.76 billion. The purchase extends an aggressive accumulation strategy for the firm, which trades as ASST following

The Senate is scheduled to vote on the CLARITY Act on September 15, legislation designed to provide legal certainty for digital asset markets. Stand With Crypto announced its support for the act, stating the legislation will enable everyday Americans to safely engage in digital asset markets. The pr

Ireland's Department of Finance published a roadmap Monday for new tax-advantaged investment accounts designed to encourage retail investing, but crypto assets will be excluded from the structure. The accounts will allow investments in stocks, bonds, exchange-traded

Large Bitcoin wallets holding more than 100 BTC accumulated an additional 60,000 BTC in August, according to on-chain data shared by CryptoQuant analyst Woo Minkyu. The accumulation occurred as Bitcoin's price surged from $62,000 to over $81,000 during the same period. The buying momentum

Bitcoin exchange-traded funds (ETFs) are experiencing significant outflows, while Ethereum ETFs have recorded inflows of 3,947 ETH, reflecting a shift in institutional sentiment within the cryptocurrency investment landscape. The contrasting flows indicate that institutional investors are

NousResearch launched Hermes Agent v0.21.0, an update introducing new features aimed at enhancing user capabilities. The release emphasizes open-source sovereignty within the cryptocurrency ecosystem, as noted by the company's social media account. A changelog detailing the new functionalities is

US stock markets' three major indices fell on the 31st (local time) as the US and Iran exchanged attacks after approximately one month, driving international oil prices up more than 2% and reigniting inflation concerns. The decline was amplified by Fed Chair Kevin Wash's hawkish remarks from the