Gate Cryptocurrency News and Market Analysis

A Dutch Hague court ruled on the 7th that Merck's Keytruda subcutaneous (SC) product infringes Halozyme's MDASE patent, resulting in a manufacturing and sales ban across eight European countries: Belgium, Denmark, France, Ireland, Italy, Sweden, Switzerland, and the Netherlands. The ruling follows a

LS Securities analysts Hwang San-hae and Seong Hyeon-yeong issued a research report indicating that the Korean stock market faces pressure as the global AI investment cycle shifts away from memory semiconductors. The KOSPI has struggled to maintain the 7,000 level despite strength in global

The International Monetary Fund and the Bank for International Settlements issued warnings about hedge funds' growing influence in bond markets. The IMF's Global Financial Stability Report released on local time noted that hedge funds provide liquidity under normal conditions but can amplify market

People Power Party leader Jang Dong-hyuk on October 8 criticized the government's response to a DMZ landmine explosion during a supreme council meeting at the National Assembly, calling it an 'embarrassing mental victory.' Jang stated the Defense Minister's assessment that North Korea was

Kraken Pro launched a Pre-IPO Challenge featuring perpetual futures contracts linked to Oura and Moonshot ahead of their anticipated initial public offerings. The trading competition runs from October 6 through November 6 with a $10,000 USDG prize pool based on trading volume. The OURAx and

InsideEdge Capital founder Todd Gordon stated on local time October 7 that Brazil's stock market could replicate Argentina's nearly 200% surge following Javier Milei's presidential election, after right-wing opposition candidate Flavio Bolsonaro secured 47% in the first-round vote on the 4th,

A Korean Economic Association survey of 28 economists found that 64.3% prioritize reducing national debt when tax revenue exceeds expectations, while zero economists supported increasing welfare or social safety net spending. The survey, conducted from the 7th to 28th of last month, asked economists

NCsoft stocks fell 7.58% in early trading on the 8th following an analyst downgrade triggered by underwhelming performance of its newly launched game Aion 2 Global. NH Investment Securities cut its target price for NCsoft from 380,000 won to 320,000 won, citing traffic figures that fell short of

Korean stocks experienced sharp morning volatility on the 8th as the KOSPI index reversed from gains to losses while the KOSDAQ staged a recovery from early declines. Foreign investors and institutions led heavy selling pressure in the opening session, offloading 642.2

Roundtable 100 analysts this week ranked Shopify Inc. (Nasdaq: SHOP) 31 places above Apple Inc. (Nasdaq: AAPL), placing the e-commerce platform at No. 55 with a score of 59 out of 100 while the Big Tech giant landed at No. 86 with a score of 49. The analysts prioritize growth potential over

Chainlink co-founder Sergey Nazarov participated in BlackRock's Aladdin Client Forum, where discussions emphasized the role of blockchain technology and stablecoins in enabling AI transactions. The forum highlighted that agentic transactions require trusted data, guardrails, and verifiable

Growth Research issued a report on Neocrema on the 8th, stating the company has entered a trajectory of substantial performance growth by targeting the weight management supplement market for patients discontinuing GLP-1 obesity treatments, leveraging the competitiveness of its diet ingredient

Paradise, Lotte Tour Development, and GKL—South Korea's three major foreigner-only casino operators—saw their stocks hit year-lows in recent trading, with Paradise closing at 9,810 won (down 28.91% in the second half), Lotte Tour Development at 11,280 won (down 20.95%), and GKL at 8,600 won (down 16

The USD/KRW exchange rate traded at 1338.0 won as of 9:06 AM on October 8 in the Seoul foreign exchange market, down 2.4 won from the previous trading day's close, as dollar selling by export companies offset dollar strength driven by eurozone fiscal concerns. Overnight, the dollar index

KKR stated on the 8th that Korean corporate reform presents a growing investment opportunity as AI-driven semiconductor earnings growth enhances the appeal of Korean stocks. Henry McVay, KKR's Global Macro and Asset Allocation Head and Chief

LG Energy Solution posted Q3 preliminary revenue of 9.6434 trillion won, up 59.0% year-over-year, and operating profit of 756 billion won, up 25.7%, the company announced October 8. The Korean stocks battery maker's profit more than doubled the 339.3 billion won analyst consensus due to expanded

Gwangju Bank and Toss announced on the 8th the successful completion of a proof-of-concept (PoC) for stablecoin-based QR payment technology. The initiative was pursued to create an environment where Gwangju Bank app users can make payments using stablecoins without complex procedures and to verify f