Gate Cryptocurrency News and Market Analysis

White House senior crypto adviser Patrick Witt said at the annual SALT conference in Wyoming on August 19 that he was “optimistic and confident” the CLARITY Act would ultimately pass. He said he planned to negotiate with Democrats to resolve the remaining differences and secure reliable support for the cloture vote. Senate Majority Leader John Thune has scheduled the cloture vote for September 15. Witt’s Remarks at the SALT Conference and the Cloture Vote Schedule The parties’ specific statement

The Korean won weakened against the US dollar on the morning of the 19th as semiconductor stocks plunged and concerns grew over foreign investor capital outflows. At 9:05 AM in the Seoul foreign exchange market, the dollar-won exchange rate stood at 1411.90 won, up 0.10 won from the previous

Korean retail investors purchased KRW 337.4 billion worth of SpaceX stocks this month through August 18, making the company the top net-purchase target among overseas stocks, according to Korea Securities Depository. The stock rebounded 32.27% during August to $143.34, recovering from a low of $108.

Telegram founder Pavel Durov announced on his personal Telegram channel on Aug. 19 that Telegram had officially submitted an application to the Internet Corporation for Assigned Names and Numbers (ICANN) for the “.gram” top-level domain (TLD). If the application is approved, Telegram’s approximately 1 billion users will be able to register personalized second-level domains in the yourname.gram format. .gram Top-Level Domain User Features If ICANN approves the application, .gram will operate as a

Bitcoin traded around $64,570 on August 19 and has continued moving sideways since June. U.S.-listed spot Bitcoin ETFs recorded net inflows of more than $137 million on August 18, temporarily easing the decline. The U.S. 30-year Treasury yield has risen to its highest level since 2002, while the U.S. budget deficit has widened to $1.8 trillion so far in FY2026, putting pressure on both stock and crypto markets. Capital Flows into U.S. Spot Bitcoin ETFs U.S.-listed spot Bitcoin ETFs recorded net

The Seoul bond market is expected to strengthen on the 19th following a sharp decline in semiconductor stocks. The Korea Development Institute (KDI) will release its economic forecast at noon, amid widespread discussion of demand-side

Major South Korean financial holding companies filed semi-annual reports on the 19th with the Financial Supervisory Service's electronic disclosure system, presenting mixed outlooks on the USD-KRW exchange rate for the second half. The companies identified coexisting upward and downward factors

Samsung Electronics signed an investment agreement on the 19th to invest KRW 240 billion in a new HVAC production line at its Gwangju plant. The investment targets expansion of the company's HVAC business for AI data centers, with production scheduled to begin in early 2028. This marks the first

Korean pharmaceutical and biotech companies signed technology export contracts worth 13.3794 trillion won through August 2026, but upfront payments accounted for only 2.41% of total contract values, according to data from the Korea Pharmaceutical and Bio-Pharma Manufacturers Association analyzed

Samsung Electronics and SK Hynix experienced sharp declines in early trading on the morning of August 19th. SK Hynix fell 138,000 won (8.30%) to 1,524,000 won, while Samsung Electronics dropped 19,000 won (7.08%) to 249,500 won as of 9:07 AM. The drops followed overnight profit-taking in US

South Korea's Financial Supervisory Service (FSS) began accepting applications on the 19th for 95 new grade-5 employees, with submissions open until the 7th of next month. This year's recruitment carries heightened uncertainty as the FSS faces potential relocation to provinces, creating concerns

South Korean securities firms achieved record second-quarter profits in 2025, exceeding their first-quarter highs. The KOSPI index climbed from 6000 to 9000 points between April and June, peaking at 9114 points on June 22. Single-stock leveraged and inverse ETFs for Samsung Electronics and SK

The Korea Exchange triggered a sell-side circuit breaker on the KOSPI market at 9:06:02 AM on August 19 as major stocks Samsung Electronics and SK Hynix plummeted. The circuit breaker activation occurred when the KOSPI200 futures price dropped 6.02% to 1013.26, falling 65.00 points below the

Five major South Korean banks—KB Kookmin, Shinhan, Hana, Woori, and NH Nonghyup—are preparing counter-strategies in the Individual Savings Account (ISA) market after losing more than 99% of new ISA customers to securities firms in the first half of this year, according to financial industry

Bank of America analyst Vivek Arya met with NVIDIA executives on the morning of the 18th and recommended the company increase shareholder returns to address market concerns over its circular financing practices, according to Yahoo Finance on the 19th. The recommendation follows NVIDIA's provision of

Klarna (NYS:KLAR), a global buy now, pay later fintech company, reported Q2 revenue of $1.04 billion, exceeding Wall Street consensus of $992.82 million, yet its stock plunged over 22% following the announcement. The company lowered its full-year revenue guidance to $4.08 billion-$4.16 billion,

Aegis Asset Management submitted a proposal on the 19th for Korea Growth Finance's zero-emission vehicle infrastructure fund tender. The asset manager is competing against five other firms for a share of the 74 billion won allocated budget, leveraging its experience in hydrogen fuel cell and

Shin Hee-jin, Director of New Business at Kyobo Securities, carries a one-page proposal on every overseas business trip to gauge investor demand for Security Token Offering (STO) products ahead of South Korea's STO system implementation scheduled for February. In an interview on the 19th, Shin