Gate Cryptocurrency News and Market Analysis

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

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

15 lawmakers, including Kim Sang-hoon (Kim Sang-hoon) of South Korea’s People Power Party, submitted amendments to the 《Act on Reporting and Use of Specified Financial Transaction Information》 on July 28. The amendments would authorize the Financial Intelligence Unit (FIU, under the Financial Services Commission) to require the suspension of payments for virtual-asset accounts suspected of being used for illegal transfers of assets. The suspension period is 30 days, with the possibility of being

In Andon Labs’ latest issue of the Vending-Bench report, Claude Opus 5 (developed by Anthropic) set a new record with an average final balance of $11,182, becoming the highest score among all models tested by Andon Labs. Behavioral logs show that Opus 5 committed at least 11 breaches in simulated games. Vending-Bench test setup: three models, a San Francisco tourist street, and management never steps in The Vending-Bench test rules are: each model runs its own simulated vending machine, and the

U.S. SEC Chairman Paul Atkins said in a CNBC interview on July 28 that if Congress fails to pass the Clarity Act, the SEC is “prepared, willing, and able” to create its own crypto market regulatory rules covering the same scope. Atkins explained that “legislation is the forward-looking way,” and the market needs “regulatory certainty” to ensure the regulatory framework won’t change with changes in the administration. Clarity Act Legislative Progress: Senate Full-Vote Still Unresolved The Clarity

South Korea's Financial Services Commission announced on the 30th that Capital Market Act amendments implementing pre-demand forecasting and cornerstone investor systems for IPOs take effect November 13. Pre-demand forecasting lets underwriters gauge institutional demand before setting price

Japanese game developer Gumi announced it will begin operating a 3 billion yen (about $18.3 million) crypto asset fund on Saturday with SBI Financial Services. The fund is backed by Daiwa Securities Group and other investors. The initiative aims to bridge Japan's corporate sector and the crypto

Tobina Kahn, President of House of Kahn Estate Jewelers, told Kitco News that consumers continue selling unwanted gold jewelry despite prices correcting from January peaks, but the motivation has shifted dramatically. Gold is holding support at $4,000 an ounce after surging to nearly $5,600 in Janua

Samsung Electro-Mechanics announced second-quarter earnings on the 30th that exceeded market expectations, reporting revenue of 3.4572 trillion won and operating profit of 440.4 billion won. The results represented year-over-year growth of 24% in revenue and 107% in operating profit, driven by

SK hynix shares draw market attention. Citing industry sources, South Korea’s “Herald Economy” reports that SK hynix plans to begin mass production of the next-generation low-power mobile memory LPDDR6 in the second half of 2026, with industry rumors suggesting that Xiaomi’s (01810-HK) flagship devices will be the first supply targets. SK hynix completed development verification for a 16Gb LPDDR6 based on the 1c process in March. LPDDR6 Technical Specifications: 1c Process, 10.7Gbps Baseline Rat

Southern East Asset Management announced that its XL2 Southern SK Hynix Daily Leveraged (2x) product (07709) will adopt a flexible leverage structure starting August 3, with the target leverage ratio to be disclosed after market close on July 31. The decision follows significant volatility in SK Hyn

Binance.US plans to apply for a designated contract market license from the Commodity Futures Trading Commission in August to launch a prediction market platform. Chief Executive Officer Stephen Gregory announced the plan during the Rare Evo conference in Las Vegas, with a company spokesperson

Global funds sold off Korean stocks led by Samsung Electronics and SK Hynix in July, while simultaneously covering short positions in Hong Kong tech blue chips such as Alibaba and Tencent. The 20-day rolling correlation between the KOSPI and the Hang Seng Tech Index has turned negative again; the two have shown clear divergence in their trends. Data source: Bloomberg. The Korean KOSPI Index has fallen for two straight days this week and has repeatedly triggered circuit-breaker mechanisms, with a

The U.S. AI company copyright lawsuit front is continuously expanding. On July 20, U.S. federal judge Araceli Martínez-Olguín of San Francisco approved a $1.5 billion class-action settlement involving Anthropic and a group of authors, marking the largest copyright class-action settlement amount in U.S. history. However, Universal Music is facing a $3.1 billion lawsuit, and Google Gemini has been sued again. Major ongoing AI copyright lawsuits According to the original text, the major ongoing AI

Korean stocks experienced their worst monthly performance among major global markets, with the KOSPI index falling 33.19% from 8476.48 on the 30th of last month to 5663.24 on the previous day, before recovering slightly on the 30th to open at 5681.77. The sharp decline was driven by concerns over

Twenty One Capital CEO Raphael Zagury warned in a July 22 SEC filing during a “market overview” session that issuing shares at a price higher than Bitcoin’s net asset value and using the proceeds to buy more Bitcoin is a market misalignment. Zagury’s solution is to build cash-flow-generating businesses around Bitcoin’s balance sheet, using mining operations as a revenue engine analogous to the return-generating insurance model used by Berkshire Hathaway. Zagury: Premium financing is a temporary