Gate Cryptocurrency News and Market Analysis

HMM announced Q2 operating profit of KRW 354.1 billion and revenue of KRW 3.402 trillion on August 13, driven by a freight rate rebound. Operating profit increased 51.87% year-over-year, while revenue rose 29.71%, though operating profit fell short of the market consensus of KRW 417.4 billion due

Goldman Sachs economists Jessica Lindells and David Mericle concluded on the 12th that crowding-out effects from the artificial intelligence infrastructure investment boom are smaller than anticipated. According to Axios, the economists estimated AI investment will reach $600 billion this year,

Samsung Life Insurance announced plans to release its value-up policy as soon as possible, aiming to strengthen investor trust as a dividend growth stock under consistent principles. CFO Lee Wan-sam stated during the company's H1 earnings conference call on the 13th that Samsung Life will do its

Morgan Stanley shifted its top pick among Korean stocks from Samsung Electronics to Samsung Electro-Mechanics, raising the target price to 2.62 million won from 2.56 million won. The investment bank cited a shift in AI supply bottlenecks from chip manufacturing to peripheral components as memory

Ray Dalio celebrated his 77th birthday at Ibiza's UNVRS megaclub, partying until 4 AM, per his X post on local time August 11. Dalio shared club video footage featuring acrobats, falling flower petals, and intense dance music, recommending the venue to visitors. Dalio left Bridgewater management in

Daol Investment & Securities reported a net profit of 17.1 billion won in the second quarter of 2024, maintaining profitability for six consecutive quarters, according to a Financial Supervisory Service disclosure on August 13. The Korean securities firm achieved this performance through business di

Saltlux, a South Korean AI company that partnered with KT on a government-backed national AI project, posted a job opening on May 13 for a blockchain and stablecoin backend developer. The position, listed on Korean job portal Saramin, is in the company's AI Service Business Division and focuses on i

374Water Inc. (NASDAQ:SCWO) reported preliminary second quarter 2026 revenue exceeding $2.2 million for the period ended June 30, 2026, representing a more than threefold increase from $0.6 million in the same quarter of 2025. The revenue growth was driven by approximately $2.0 million recognized fo

NXT, South Korea's alternative trading exchange, is reviewing whether to reduce ETF trading during extended hours following Korea Exchange's (KRX) decision to exclude ETFs from its after-market session launching in September. NXT is considering eliminating pre-market ETF trading (8:00-8:50 AM)

Coinbase disclosed on Aug. 11 that bug report submissions are on track to reach three times last year's volume, while the share of valid reports fell from 14% in 2024 to 4% during the first half of 2026. The crypto exchange attributed the surge to growing AI tool use among security researchers,

LG Innotek stocks surged nearly 5% during intraday trading following Morgan Stanley Capital International (MSCI)'s announcement that the company will be newly included in the MSCI Korea Index. The stock price increase reflected investor expectations of global passive fund inflows after the index inc

Lenovo Group (stock code 00992) reported a net loss attributable to shareholders of $609 million for the first fiscal quarter ending June, compared to a profit of $505 million in the same period last year. The loss was primarily driven by non-cash fair value losses from warrant revaluations issued i

A couple in France's Somme department was targeted by three separate groups of home invaders seeking approximately €1 million in cryptocurrency that the victims never owned. The attacks occurred after criminals relied on leaked personal information belonging to the property's previous owners,

Jung Sang-ho, CEO of crypto deposit company Delio, received a 15-year prison sentence and was immediately detained on May 13, according to the Seoul Southern District Court. The court convicted Jung of defrauding approximately 1,000 people of 70 billion won in digital assets through alternative

Wall Street is treating NVIDIA AI chips as a new financial asset class, according to a Financial Times analysis published local time January 12. NVIDIA and major Wall Street financial firms are building a $500 billion AI infrastructure financing platform based on expectations that AI chip demand

Wendy's (WEN) stocks are headed for their best week since June as takeover speculation involving billionaire investor Nelson Peltz drove shares 12% higher on Wednesday. Reports indicate Peltz and his investment firm Trian Fund Management are exploring a potential transaction to take the fast-food

South Korea's Financial Intelligence Unit (FIU) and Financial Supervisory Service held a briefing on August 13 at Dream Plus in Seoul's Gangnam district for approximately 100 virtual asset service provider (VASP) representatives regarding

DB Insurance reported Q2 net profit of 711.1 billion won, a 54.6% increase from the same period last year, the company announced on August 13. The growth was driven by improvements in long-term insurance and investment profits. The result exceeded market expectations, as the consensus compiled by

The Blockchain Association filed an amicus brief Wednesday supporting Custodia Bank's Supreme Court petition challenging the Federal Reserve's denial of master account access. The industry group urged the court to review whether regional Fed

Bank of Korea disclosed on local time 12th via US Securities and Exchange Commission filing that it holds 679,765 shares of SPDR GOLD TR, a US-listed gold ETF, valued at $250.41 million (approximately 355 billion KRW) as of the end of Q2. This marks the central bank's first gold investment since