Gate Cryptocurrency News and Market Analysis

South Korea's KOSPI index rose 144.83 points (2.56%) to 5808.07 as of 11:20 AM on the 30th, rebounding after two consecutive days of sharp declines following Samsung Electronics' Q2 earnings announcement. Individual investors sold 1.9688 trillion won worth of stocks during the same period, marking t

Cryptocurrency exchange Luno announced a 20% reduction of its global workforce on July 28, as CEO James Lanigan cited a downturn in retail trading and an increased shift toward automation as primary drivers. The company, owned by U.S.-based Digital Currency Group, did not disclose the total number o

USD-KRW exchange rate dropped over 10 won in morning trading on May 30, hitting its lowest level since February at 1,435.90 won at 9:16 AM before reversing course to trade at 1,446.40 won by 11:17 AM, down 0.30 won from the prior session close. The sharp decline was attributed to suspected dollar se

Hong Kong stocks traded mixed at midday, with the Hang Seng Index slipping 8 points to close the morning session at 25,798 points. The decline followed overnight weakness in US markets, where the Dow Jones fell over 1,000 points and both the S&P 500 and Nasdaq dropped more than 1% after the

Pi Network (PI) saw its price rise 6.66% to $0.0822 on Wednesday as the Pi Core Team began rolling out Protocol 26, the first of two remaining upgrades to its Mainnet. Node operators have until August 11 to complete the update to maintain their connection to the Mainnet. The rollout marks the

Bloomberg market analyst and ETF expert Eric Balchunas stated on 29일 that AI investment fever, not leveraged exchange-traded funds, was the core cause of recent Korean stock market volatility. Balchunas shared his analysis via his X account in response to Korean political discussions targeting 2x le

Federal Reserve Chair Kevin Warsh faced credibility questions on July 29 (local time) after the July Federal Open Market Committee (FOMC) meeting, with CNBC reporting that markets doubted his ability to achieve the Fed's 2% inflation target. The assessment followed criticism that Warsh provided

South Korea's Financial Supervisory Service (FSS) announced on the 30th a comprehensive reform of disclosure requirements for pharmaceutical and biotech companies. The new rules mandate that firms quantify core valuation assumptions—including clinical trial success rates and regulatory approval

Korean government bond yields rose on July 30, tracking overnight steepening in the US Treasury curve following the Federal Open Market Committee decision. The 10-year government bond yield climbed 4.3 basis points to 4.298%, while the 3-year yield increased 1.0 basis point to 3.813% and the 30-year

The Indonesian Nickel Smelter Association (FINI) stated on Wednesday that nickel product exports continue to face delays due to the government's mandatory rare earth element testing program. The delays persist despite assurances from the presidential staff office to resolve bottlenecks, with

X platform users @MINGLIbtc, on July 30, jointly published a complaint statement on behalf of BitMart users affected by large-amount assets. As of that day, 27 users had completed registration, saying that the total assets they could not withdraw normally exceeded $3.7 million. The users demand that, within 24 hours, BitMart arrange direct communication with senior executives who have decision-making authority; otherwise, they will submit evidence to Hong Kong Police, the Hong Kong Securities an

Sangsangin Securities forecasts the USD-KRW exchange rate will maintain elevated levels over the next 5 years if domestic investors continue overseas asset investment, according to a report published on the 30th by analyst Choi Ye-chan. The brokerage projects two scenarios: a Taiwan-style path

Japanese action game and cryptocurrency assets company Gumi, through its subsidiary gC Labs, will officially launch the crypto investment fund “SBI Crypto Fund I” on Aug. 1, jointly established with SBI Financial Services. The fund size is approximately 3 billion yen (about $18.3 million), with a term of three years. It uses a private placement structure, with multiple institutions, including the Daiwa Securities Group, participating in the investment. --- “SBI Crypto Fund I” fund structure and

Four major South Korean research firms — Embrain Public, KStat Research, Korea Research, and Hankook Research — released National Index Survey (NBS) results on the 30th showing 42% of respondents support interest rate cuts to stimulate the domestic economy. The poll surveyed 1,000 adults aged 18 and

According to reports by the foreign media outlet 404 Media, ISBNdb (a book database service provider) has recently been pitching large-scale physical book procurement services to AI developers. Each order can be as high as 1 million copies. Targets include publications that have not yet been digitized, out-of-print works, or items that are harder to obtain; some service workflows use “destructive scanning,” meaning the book’s binding is cut off, pages are scanned one by one, and the physical ori

Stablecoins and blockchain are reshaping the operating model for corporate cross-border payments, collateral management, and securities issuance. As of February, stablecoin payments in actual use by end users total about $390 billion per year, double compared with 2024, with about 60% coming from business-to-business (B2B) transactions. With a 300-person team, Tether generated $10.09 billion in profit in 2025, delivering $33.6 million in revenue per employee. Current status of corporate stableco

CXMT (ChangXin Memory Technologies) stock was listed on the Shanghai STAR Market on its first trading day, with the share price surging 472% versus the issue price. Implied market cap briefly surpassed $500B during the day, at one point overtaking Intel’s market cap. On July 24, Goldman Sachs held a closed-door expert meeting focused on China’s memory industry on the eve of CXMT’s listing. Participating experts estimated that China’s DRAM leader’s annual production capacity would double by 2030

The U.S. Attorney's Office for the District of South Dakota announced that a federal grand jury returned a 29-count indictment against crypto investor Benjamin Paul Wiener, 43, on charges including wire fraud, money laundering, bank fraud, and aggravated identity theft. Prosecutors allege the

Kioxia Holdings Corp. shares crashed 65% from their June peak, fueling speculation the Japanese memory chipmaker will accelerate dividend payouts and share buybacks. The selloff erased roughly $245 billion in market