Gate Cryptocurrency News and Market Analysis

Korean credit card companies expanded overseas funding in September as domestic card bond rates exceeded 4.6% for the first time since November 2023. The AA+ grade 3-year card bond rate reached 4.642% this month, rising over 60 basis points from around 4.0% at the end of the first quarter.

IMM Private Equity executed a precision investment strategy in South Korea's M&A market this year, acquiring a 65% stake in Ewha Diamond Industrial for 400 billion won through a stock purchase agreement signed in May and completed in August. The firm simultaneously deployed flexible exit

Microsoft AI CEO Mustafa Suleyman published a Bloomberg newsletter on September 24 advocating for direct government involvement in evaluating AI models before public release. Suleyman argued the AI industry needs clear red lines for capabilities, with boundaries not left solely to technology

Tether faces potential liquidity challenges as reports indicate some of its funds are held at EQIBank, an offshore banking partner currently at risk of liquidation. U.S. authorities seized assets linked to EQIBank, triggering concerns about the bank's viability. Tether claims its exposure accounts f

Israel's UN Ambassador Danny Danon offered a Starlink satellite internet device to an Iranian diplomat at the United Nations General Assembly on Thursday. The Iranian diplomat did not accept the device, which Danon suggested could help Iranians bypass internet censorship. The incident was captured o

Oracle issued a force majeure notice on September 24 to Blue Owl Capital's Stack Infrastructure regarding Project Jupiter in southern New Mexico. The notice cited power infrastructure complications related to natural gas pipeline access for Bloom Energy fuel cells. Despite the force majeure

President Trump threatened to 'annihilate' the Iranian regime during a United Nations address if Iran does not engage in negotiations. The warning comes amid ongoing hostilities between the United States and Iran that have persisted for nearly seven months. Trump's remarks, delivered in a formal

US Treasury bonds experienced a second consecutive day of selling on the 24th (local time), pushing 30-year yields to 5.501%, the highest level since 2004, according to CNBC. The 10-year Treasury yield, a global benchmark for long-term interest rates, rose to 5.22%, marking its highest point since

Samsung Biologics is conducting a 3 trillion won rights offering while negotiating with its union over profit distribution. The union struck in May, demanding 15% of operating profit as bonuses after 20+ failed negotiation sessions since December. The company has never paid dividends since its 2011

Akamai Technologies Inc. (AKAM) secured an $11.6 billion seven-year cloud computing agreement with AI developer Anthropic, the company announced Thursday. AKAM stocks soared approximately 20% in after-hours trading following the disclosure. Under the agreement, Anthropic will use Akamai's

Forty victims of the Lime and Optimus fund scandals remain uncompensated, data from the Financial Supervisory Service shows, covering 2022 through July this year. The cases include 23 Lime fund bank sales victims and 17 Optimus fund securities sales victims. Lawmaker Park Seong-hoon, who received th

Fourteen Korean securities firms recorded a 263% year-over-year increase in net profit during the first half while donations decreased 31% during the same period, according to financial data firm FnGuide. Net profit reached 7.024 trillion won compared to 2.671 trillion won in the same period last ye

Costco Wholesale (COST) stock traded flat after hours Thursday as the warehouse club reported fiscal fourth-quarter earnings that beat analyst estimates, posting net income of $2.998 billion, or $6.75 a share, for the 16 weeks ended Aug. 30, up from $2.610 billion, or $5.87 a share, a year earlier a

Grayscale's Zcash fund, known as $ZCSH, surpassed $1 billion in assets under management, marking a significant milestone for the privacy-focused cryptocurrency investment vehicle. The achievement reflects growing investor interest in Zcash as a viable asset class, according to an announcement by cry

AI and semiconductor ETFs in the domestic market reached 64.6856 trillion won in net assets as of September 22, marking a 39 trillion won increase this year across 129 listed funds. The rapid growth of the AI industry drove this expansion, with 34 new ETFs launched this year alone. Investment

The MOVE Index surged past 130, prompting market observers to monitor potential policy responses. The movement was highlighted by @CryptoHayes in a recent tweet. The surge reflects increasing market volatility and liquidity concerns in bond markets. Historical patterns show similar index movements h

Shin Byeong-mook, director of the Korea Exchange New York office, reported on September 16 (local time) that US investors are increasingly inquiring about Korea's Value-Up program with specific requests for ROE (return on equity) targets above 8%. The heightened interest follows the May

Bastion CEO Nassim Eddequiouaq announced that the company can now serve as a regulated partner for major financial institutions seeking to launch crypto-related products, both within and outside the United States. The announcement positions Bastion to provide regulatory compliance support as financi

Bitcoin holders recently realized $2.4 billion in profits, according to Bitfinex. This figure contrasts sharply with historical peaks where daily realized profits reached between $7 billion and $10 billion. The profit realization trend occurs amid subdued trading activity, with no reported volume in

Korean business leaders met with Mexican President Claudia Sheinbaum on May 24 (local time) requesting resolution of uncertainties from the United States-Mexico-Canada Agreement (USMCA) review. Choi Tae-won, Chairman of the Korea Chamber of Commerce and Industry, and Koo Kwang-mo, Chairman of LG