Gate Cryptocurrency News and Market Analysis

GameStop Corp. (GME), SpaceX (SPCX), and Hertz Global Holdings Inc. (HTZ) stocks plunged to 52-week lows on Monday. GME closed down more than 12% after announcing a $1.4 billion debt-to-equity exchange, SPCX dropped to $104.83 before recovering to close up 5.68% ahead of Tuesday's Q2 earnings, and H

Italy’s largest banking group, Intesa Sanpaolo, has drawn market attention. Its 13F filing, submitted to the SEC on July 31, shows that its IBIT common shares fell from 646,809 to 40,723; its IBIT call options, measured by underlying shares, fell from 2,496,500 to 18,000; and it disclosed a new position in IBIT put options. Q2 2026 Intesa Sanpaolo Crypto ETF Holdings Changes at a Glance According to Intesa Sanpaolo’s 13F filing submitted on July 31, 2026, compared with the May 15, 2026 baseline,

Mastercard completed its acquisition of stablecoin infrastructure firm BVNK, the company announced in a statement released Monday. The acquisition enables Mastercard to connect crypto assets with traditional payment rails, leveraging BVNK's technology to help financial institutions, fintechs, and en

Council Regulation (EU) No. 2026/1848 lists “HTX (Huobi Global SA)” in Annex XLV, prohibiting any direct or indirect transactions with HTX within the EU’s jurisdiction as of August 23. Corporate clients have no lawful exit route after the deadline, while eligible natural persons may apply to the competent authorities of Member States for discretionary authorization to withdraw funds and close their accounts. Basis for the EU’s Ban Under Regulation No. 2026/1848 Under Council Regulation (EU) No.

The U.S. Treasury carried out one of the largest coordinated interventions in decades on July 31, with the U.S. estimated to have deployed $50k to $10 billion; as of August 4, USD/JPY remained near 157.7. QCP Capital analyzed that the intervention mainly affected the cryptocurrency market through the unwinding of yen carry trades: the yen’s rapid appreciation forced the deleveraging of risk-asset positions financed in yen, potentially triggering cascading selling pressure. Background of the Japa

Bitcoin mining machine company Sphere 3D's stock is drawing market attention after the company revised its at-the-market (ATM) authorization to sell up to $10.3 million in shares to fund working capital. As of March 31, 2025, Sphere 3D held $3.15 million in cash and 26.2 Bitcoin, with a fair value of $1.79 million. Sphere 3D ATM Authorization Details: $10.3 Million Cap According to the prospectus supplement Sphere 3D filed with the SEC on July 31, the revised ATM authorization allows the company

APR, a leading K-beauty company, closed at 338,000 won on the previous trading day, up 18,000 won (5.63%), while the KOSPI index fell 5.12% to 6257.45. Korea Investment & Securities reaffirmed a target price of 520,000 won for APR ahead of its Q2 earnings announcement, maintaining a 'buy' rating.

Bloomberg columnist Shuli Ren published a column titled “South Korea Has Also Become Uninvestable” on August 4, stating that “South Korea’s stock market is the hottest and most volatile equity market in the world this year.” She pointed out that the KOSPI fell nearly 40% within 27 trading days, a decline comparable to that of the 2015 Chinese stock market crash. So far this year, the KOSPI has recorded 33 days with single-day moves exceeding 5%. Bloomberg’s Shuli Ren’s Main Criticisms of South K

Mastercard (NYSE: MA) stock has drawn market attention as the company officially completed its acquisition of stablecoin infrastructure company BVNK on August 4, in a deal valued at up to $1.8 billion, including $300 million in contingent payments. Mastercard said the acquisition will combine its global network with BVNK’s on-chain infrastructure to enable interoperability between digital and fiat currencies, helping institutions, fintech companies, and enterprises scale stablecoin payments and

OpenAI’s first-ever influencer retreat, called “Summer Club,” was held at an estate in upstate New York from late July to early August. A small group of influencers was invited to enjoy farm-to-table dinners, beekeeping, and other activities, as well as attend a demonstration course on using ChatGPT Work. Suites at the estate cost approximately $5,000 per night. After influencer Grace shared the itinerary on social media, the comments section was flooded with criticism. Details of OpenAI’s “Summ

On-chain proof-of-attendance protocol POAP co-founder Isabel Gonzalez announced in August that the team would gradually wind down POAP’s operations. POAP entered maintenance mode in March, stopped accepting new issuers, and halted active development. Describing the current situation as “winding down” means that POAP is now officially moving toward a complete shutdown. POAP Operations Timeline The key milestones for POAP are as follows: 2019: Launched at the ETHDenver event, allowing participants

Russian authorities reported that drone debris fell on a beach in Arkhipo-Osipovka, Krasnodar region, on the 3rd (local time), killing 7 people including 3 children, according to The Guardian and other foreign media outlets. In response to large-scale Ukrainian drone attacks, Russian forces

BitGo co-founder and CEO Mike Belshe publicly challenged Anthropic on X on August 1 by depositing 100 BTC, valued at approximately $6.3 million, into BitGo’s institutional custody platform and making the wallet address public. He challenged Anthropic: “You say you created a hacking monster, so don’t just talk about it—do it for real. The money is right here. If you can, take it.” Background to BitGo CEO’s 100 BTC Challenge According to a post Belshe published on X on August 1, 2026, he made the

South Korea's National Tax Service (NTS) announced on August 4 that corporations with December fiscal year-ends must file and pay their interim corporate tax by August 31. The interim payment applies to 545,000 corporations, an increase of 17,000 year-over-year. Corporations can pay 50% of the

KOSDAQ triggered a buy-side circuit breaker at 10:47 AM for the third consecutive trading day, with the index opening at 748.19 (up 10.84 points or 1.47%) and rising to 780.63 intraday. The consecutive activations followed a regulatory change implemented last month 31st, when authorities raised

AST SpaceMobile (ASTS) stock climbed 8% on Monday to $63.52, reaching its highest level in nearly three weeks, as Meta Platforms executive Vinod Samarawickrama outlined a vision for delivering WhatsApp over the company's satellite network. The surge occurred one day before AST SpaceMobile's

Alibaba Group (HKEX: 9988) Chairman Joseph Tsai and his wife, Clara Wu Tsai, have jointly announced their divorce, ending their nearly 30-year marriage. A joint statement emphasized that they currently have no plans to sell any Alibaba shares and that Joseph Tsai’s position as chairman remains unaffected. The couple issued the joint statement to Page Six, saying that the divorce was a decision they made together based on mutual respect. Joint Statement from Joseph Tsai and Clara Wu Tsai: Amicabl

Top 1% performing investors at Mirae Asset Securities net bought Doosan Enerbility and net sold Samsung Electronics on the morning of the 4th as of 11:00 AM, according to trading data released by the brokerage. The high-return investors, ranked by recent one-month performance, purchased shares in Do

Japan's Nikkei 225 fell 0.6% on Tuesday following a coordinated US-Japan currency intervention to support the yen, while Kioxia Holdings posted disappointing earnings guidance. Tokyo and Washington confirmed their first joint yen-buying operation in decades, with Finance Minister Satsuki Katayama an