Gate Cryptocurrency News and Market Analysis

South Korea's Deputy Prime Minister and Minister of Economy and Finance Lee Hyung-il stated on October 16 (local time) that recent dollar-won exchange rate movements represent "a process of finding economic fundamentals," emphasizing that the Korea-US currency swap is necessary as a safety net for t

South Korean Deputy Prime Minister and Minister of Economy and Finance Lee Hyung-il projected on October 16 (local time) that Korea's economy could achieve a growth rate of 3.4 to 3.6 percent this year, significantly exceeding the government's previous 3.0 percent forecast. The upgraded outlook is d

Wall Street investors are questioning whether artificial intelligence infrastructure investments will generate returns proportional to their massive scale. AI cloud company CoreWeave, backed by Nvidia, recently experienced simultaneous declines in stock price and corporate

South Korean Deputy Prime Minister and Finance Minister Lee Hyung-il stated on the 16th (local time) in Bangkok that the government is considering additional capital gains tax reductions for landlords who sell rental apartments in adjustment areas to public sector entities such as Korea Land and

Korean stocks experienced a sharp decline last week, with the KOSPI index falling 14.5% as foreign investors sold a net 11.2 trillion won, according to a Meritz Securities report released on the 19th. During the

Woori Financial Group Chairman Lim Jong-ryong instructed Woori Investment & Securities CEO Nam Ki-cheon during an August subsidiary CEO meeting to deliver results by the third quarter, according to financial sector sources on the 19th. The directive follows a 1 trillion won capital increase

Layer-1 blockchain Qubic halted operations Sunday after an attacker exploited weakly generated wallet seeds to drain approximately $1.4 million from more than 1,400 accounts. The network was paused at tick 85,371,949 following the theft of 2.94 trillion Qubit (QU) tokens. The vulnerability stemmed f

South Korean crypto exchanges GOPAX and Pravang issued formal apologies to customers following personal data breach incidents. GOPAX announced on the 16th that unauthorized access to customer accounts occurred from early September, affecting 9 individuals including 7 customers and 2 current or

South Korea's government will meet with executives from the country's five largest cryptocurrency exchanges on Oct. 20 to discuss the planned January launch of virtual-asset taxation. The meeting will include leaders from Upbit, Bithumb, Coinone, Korbit and Gopax, alongside officials from the

Iran's top security official warned on the 18th (local time) that the country has prepared new response plans in case of additional attacks from the United States and Israel. Mohsen Rezaei, Secretary of Iran's Supreme National Security Council (SNSC), stated via X (formerly Twitter) that Iran's

Korean bond market participants monitored semiconductor stocks and foreign investor activity in government bond futures and interest rate swaps (IRS) on the trading day. The Philadelphia Semiconductor Index extended its decline to 8 consecutive trading days, marking the longest losing streak since t

Doosan Bobcat is forecast to achieve double-digit revenue and operating profit growth in Q3, driven by non-residential infrastructure demand. The company's Q3 operating profit is projected at 167.2 billion won, up 25.18% year-over-year, while revenue is estimated at 2.367.9 trillion won, an 11.95% i

South Korea's Financial Supervisory Service (FSS) announced on October 19 during a National Assembly Policy Committee audit report that it will rapidly initiate investigations into high-risk areas that significantly undermine market order, including unfair trading linked to virtual asset issuance

Five major South Korean bank CEOs will testify on October 19 at a National Assembly Financial Services Commission audit following recent customer data breaches. The hearing will focus on security system vulnerabilities and management accountability at KB Kookmin Bank, Shinhan Bank, Hana Bank,

Doosan's Q3 operating profit is projected to more than double year-over-year, driven by surging demand for copper clad laminate (CCL), a core material in semiconductor printed circuit boards (PCB). According to a compilation of forecasts from five major domestic securities firms submitted within

KOSPI opened down 179.64 points (3.17%) at 5,488.41 on October 19, extending the previous week's 14%+ decline as US artificial intelligence investment concerns resurfaced. The drop followed Friday's US tech stock selloff triggered by credit risk concerns surrounding AI infrastructure firm

Samsung Electronics faces a shareholder return strategy debate as the company announced 90 trillion to 110 trillion won in total returns this year, with approximately 30 trillion won allocated to Q3 cash dividends and the remaining distribution method to be decided by the board in January next year.

CryptoQuant contributor Darkfost wrote on Oct. 18 that cumulative selling pressure in Binance's meme-coin segment has exceeded $1.4 billion since Bitcoin reached its high. Bitcoin has fallen by as much as 54% from its peak in October last year and is still trading about 35% below that level,

South Korea's Kospi fell 1.54% to 5,580.56 in early trading on October 19, driven by selling in large-cap stocks after US technology and semiconductor shares declined. The benchmark index dropped 87.49 points from the previous session, extending losses shortly after the open before partially