Gate Cryptocurrency News and Market Analysis

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

Morgan Stanley downgraded Circle Internet Group (NYSE: CRCL) from Equal-weight to Underweight on the 3rd (U.S. local time), citing deteriorating long-term profitability. The investment bank slashed Circle's price target from $106 to $38, a reduction exceeding 64%. Analyst James Faucette attributed t

South Korean financial authorities have delayed announcing measures to ease apartment balance loan regulations as they continue assessing the impact on total household debt. Group loan balances at five major banks — KB Kookmin, Shinhan, Hana, Woori, and NH Nonghyup — reached 148.2426 trillion won as

Rep. Ahn Cheol-soo of the People Power Party on the 4th criticized the government's 2026 tax reform plan, stating it imposed a "nerf" (performance downgrade) on the public's ISA (Individual Savings Account). Ahn argued the reform contains "toxic provisions" that harm retail investors' accounts,

CJ Freshway focused on external growth through online food distribution platform market expansion in Q2, according to securities analysts' consensus. The company is forecast to report Q2 revenue of KRW 933 billion and operating profit of KRW 25.7 billion, representing a 5.64% year-over-year revenue

CNBC host Jim Cramer announced plans to sell all his Bitcoin holdings on August 3, 2026, following a July 30 interview with IBM Chairman and CEO Arvind Krishna. Krishna warned investors should be "paranoid" about quantum computing's ability to challenge modern cryptography within three to four

Korean semiconductor stocks showed strong gains in pre-market trading on the morning of the 4th, led by Samsung Electro-Mechanics surging 7.79% and Samsung Electronics rising 2.51% as of 8:10 AM according to NextTrade pre-market data. The rebound followed an oversold perception from the previous

Kakao is forecast to report Q2 operating profit growth despite flat revenue, driven by business portfolio restructuring. Securities analysts project Q2 revenue of 2.0381 trillion won and operating profit of 218.9 billion won, representing year-over-year increases of 0.48% and 17.77% respectively,

South Korea's National Pension Service achieved a 26.18% return as of the end of May, reaching total assets of 1,848.7 trillion won, but subsequently faced significant evaluation losses after delaying portfolio rebalancing during a market peak. The pension fund postponed mechanical selling of

Shinhan Investment & Securities analyst Kim Sung-hwan stated that yen-carry trade unwinding concerns emerged as a new market issue after the dollar-yen exchange rate dropped sharply last week under US-Japan coordination. Kim explained the unwinding pressure represents the final stage of the

The Korean exchange-traded fund market contracted sharply in July as single-stock leveraged ETFs sparked regulatory intervention amid heightened market volatility. Total net assets of domestically listed ETFs fell from 500 trillion KRW to the 430 trillion KRW range during the month, while single-sto

CNBC's Jim Cramer on Monday said Wall Street's basket trades during the Iran war are distorting stock prices and creating buying opportunities for investors. The 'Mad Money' host argued that traders have increasingly grouped stocks into baskets that rise or fall together based on broad themes