Gate Cryptocurrency News and Market Analysis

Power equipment stocks rebounded in August, led by Sanil Electric's 32.05% gain for the month, according to Korea Exchange data. Hyosung Heavy Industries rose 19.65%, HD Hyundai Electric climbed 14.33%, and LS Electric advanced 12.82% during the same period. The rally followed 2Q earnings reports

Goldman Sachs signed an agreement on the 12th (local time) to acquire NEOS Investments, an options-based income ETF operator managing Bitcoin and Ethereum products. The deal values NEOS at up to $22.5 billion in cash and stock. NEOS, founded in 2022, operates $30 billion in assets as of June 30

South Korean President Lee Jae-myung asked 'Is anyone from Hanwha here?' during a briefing at the Blue House on August 12. The government announced seven future growth sectors including small modular reactors (SMR), nuclear fusion, renewable energy, quantum technology, space aviation, advanced

Arizona's crypto ATM law helped 35 scam victims receive full refunds totaling $171,332 since the measure took effect Sept. 26, according to the state's attorney general. On Wednesday, the Arizona Attorney General's Office said it helped the victims obtain full refunds under House Bill 2387, which re

South Korea's retail bond market remains frozen following the J.R. Global REIT and Joongang Group defaults, with low-grade corporate issuers facing elevated borrowing costs despite a slowdown in panic selling. Lotte E&C's A-rated bond due October 2027 yielded 5.937% as of the previous day, while the

South Korean corporate bond issuance contracted sharply in the first seven months of 2025, with public offerings totaling KRW 50.2 trillion, down 15.6% from the same period in 2024, according to data from Yonhap Infomax. Maturities over the same period reached KRW 53.9 trillion, flipping net issuanc

KB Kookmin Card is preparing to submit a full license application for corporate information inquiry business this month, following preliminary approval received last month. The card issuer plans to leverage merchant sales data and credit analysis capabilities to enter the business sector and

The Korean government announced regulatory reforms on the 13th to facilitate approximately 4.3 trillion won in corporate investments across semiconductor, battery, bio, and food manufacturing sectors. Deputy Prime Minister and Minister of Economy and Finance Gu Yun-cheol chaired an emergency

Mirae Asset Securities announced Q2 net profit of 1.8959 trillion won at a conference call on the 12th, with CEO Lee Kang-hyuk describing the company as an 'export company' due to overseas operations generating over 20% of total revenue. The brokerage's overseas subsidiaries contributed 609.1

Korean pre-market trading surged on the back of overnight US semiconductor gains and increased Federal Reserve rate hold expectations. Samsung Electronics and SK Hynix led the advance, with the pre-market index rising 2.76% from the previous session. The rally followed strong performances by major U

BIP-54, formally known as Consensus Cleanup, proposes four narrow changes to Bitcoin's core rules designed to close old weaknesses and unusual edge cases without adding new features. F2pool co-founder Wang Chun opposed the proposal on Aug. 10, stating his pool will not signal for it beforehand,

The Korea Exchange designated 27 stocks as managed stocks on the 13th under new penny stock criteria requiring share prices to remain above 1000 won. The designation followed prolonged periods of trading below the threshold, triggering regulatory warnings for delisting risk. In response, 23 of the a

US stocks rose after the July Consumer Price Index matched market expectations, with the S&P 500 gaining 0.26% and the Nasdaq advancing 0.54%. The July CPI increased 3.4% year-over-year, while core CPI rose 2.5%, down from June's 2.6%, easing concerns about Federal Reserve rate hikes. AI

Okinselec, a semiconductor test solution specialist, announced on the 13th the establishment of a Taiwan branch to strengthen its global semiconductor market strategy. The company aims to enhance global customer response capabilities and accelerate entry into artificial intelligence (AI) semiconduct

Bank of America economist Aditya Bhave maintained his forecast for three Federal Reserve rate hikes this year after July's Consumer Price Index rose 0.1% monthly and held the annual rate at 3.4%, matching Wall Street expectations. Bhave argues the Fed cut rates too

Individual investors bet on Korean stock gains while foreign investors positioned for declines during early August, per KOSCOM CHECK data. From August 3-12, individuals net purchased 162.2 billion won of KODEX 200 (tracking KOSPI 200) and 88.6 billion won of KODEX Leverage (2x KOSPI 200 exposure). F

Samsung Electronics and SK hynix stocks have declined over 40% from their peaks as excessive credit leverage positions were liquidated, pushing their 2027 price-to-earnings ratios down to 3.7 times and 3.2 times respectively based on closing prices from the 12th, according to a KB Securities

Taiyo Yuden stock rose 7.51% on Wednesday after Situational Awareness disclosed a stake in the Japanese capacitor maker through regulatory filings submitted August 12. The hedge fund's nine change reports covered trades made between June and August, but the position had already been largely

Michael Burry, the investor known as the real-life protagonist of the film 'The Big Short,' warned on 12일 (local time) that the unusual calmness in US stocks could signal a future large-scale sell-off, advising investors to avoid leverage. According to CNBC, Burry cited BTIG technical analyst

Korean battery manufacturers LG Energy Solution and Samsung SDI are accelerating their shift to ESS (Energy Storage System) production as North American demand grows faster than anticipated, according to an iM Securities report. In the first half, North American ESS battery shipments reached 76