Gate Cryptocurrency News and Market Analysis

Seoul forex dealers forecast the USD-KRW exchange rate to trade around 1,370 won on Sep 22, driven by supply-demand dynamics and overnight risk-on sentiment. Dealers cited strong export settlement flows (nego) and a 2% Nasdaq rally coupled with falling oil prices as downward pressure factors,

The Zcash Foundation recently issued a statement saying it has no affiliation with the ZRC-20 Token Standard or the first $CASH token created under that standard. The Foundation stated that it had “no prior knowledge” of “ZRC-20” or the $CASH token, characterizing it as a “private project, not an official Zcash token standard or protocol feature,” and urged users to conduct their own research before getting involved. Zcash Foundation Statement: No Prior Knowledge of ZRC-20 and $CASH , Characteri

OrientBio completed its capital reduction procedure and resumed stock trading on the 22nd. The Korean biotech company implemented a 2-to-1 capital reduction that decreased its issued shares by 50%, from 59,291,502 shares to 29,645,751 shares. The company decided on the capital reduction in June to o

South Korea's 20-year Treasury bonds maintained relative strength against other long-term maturities as of the 22nd, with the yield at 4.484% on a 민평 basis according to Yonhap Infomax bond evaluation data. The 20-year yield stood 12.1 basis points below the 30-year and just 3.9bp above the 10-year,

Goldman Sachs maintained its bullish gold price forecast in a report released on the 18th, projecting gold will reach $5,400 per ounce by the end of 2027 despite potential US interest rate increases in October. The investment bank attributes the sustained upward trajectory to robust central bank

ING Bank stated on the 21st local time that 'time is not on France's side' regarding the country's long-term bond yield challenges. The bank explained that France's bond yield spread against Germany is unlikely to narrow in the short term due to political headwinds and structural timing

Apple (AAPL) and Google (GOOGL) have posted senior-level job openings involving stablecoins and tokenized deposits. According to a Sept. 21 report by CryptoNews, Apple is recruiting in the United States for a “Head of Financial Product Strategy, Apple Pay,” with an annual salary range of $149,700 to $280,000. The position requires familiarity with stablecoins, tokenized deposits, and crypto technology. Google, meanwhile, is recruiting in Hong Kong for a “Chief Architect, Web3 Industry.” Apple Pa

Four Japanese companies are competing for the top market capitalization position on the Japanese stock market as of June 18, with Toyota Motor maintaining the lead at ¥44.1 trillion (approximately ¥383 trillion), closely followed by Mitsubishi UFJ Financial Group (MUFG) at ¥42.9 trillion and

iAM Therapeutics, an AI-driven drug discovery company backed by NVIDIA, filed an initial public offering application with the U.S. Securities and Exchange Commission on December 21 (local time). The San Diego, California-based biotech plans to list on the NASDAQ Global Select Market under the

Suseong Webtoon (084180) surged 37.65% to 223 won as of 10 AM on the 22nd during its delisting trading period, rising 61 won from the previous day despite no specific positive news. The company was designated as a management stock on July 13 for failing to maintain the 20 billion won market

Bitcoin surged to $85,900 on September 22, while crypto stocks Strategy and Coinbase rose in U.S. trading. Globally, 129,660 investors were liquidated within 24 hours, with total liquidations across the market reaching $922 million. On the institutional side, Strategy bought 950 bitcoins between September 14 and 20, bringing its total holdings to 846,000 bitcoins. September 22 Gains in Bitcoin and Major Crypto Assets: BTC, ETH, XRP, and HYPE Reach New Highs The crypto market rose across the boar

Tesla, Inc. (TSLA) stocks rose nearly 3% on Monday to $375.30, reaching their highest level in nearly three weeks, after Nvidia (NVDA) qualified Tesla's battery systems for its DSX Ready AI factory program. Nvidia named Tesla, Hitachi Energy, and LG Energy Solution as the first qualified battery

Korea Exchange (KRX) introduced its proprietary industry classification system called KRICS (KRX Industry Classification System) on the 22nd. The new system aims to provide industry classification and positioning management suitable for the domestic industrial environment of listed companies on Kore

Ditonic, a South Korean artificial intelligence platform company, formed a strategic partnership with Presight, a core subsidiary of UAE AI technology group G42, the company announced on the 22nd. The partnership aims to target global AI City and Smart Nation markets by combining Presight's global m

The Korean stock market's KOSPI index crossed 7100 points on September 22, triggering a rally in brokerage stocks as investor sentiment showed signs of improvement. The index opened at 7161.61 points, up 153.8 points (2.20%), marking the first closing above 7100 since July 15 when it

Seoul bond market participants focused on securing carry returns ahead of the holiday break on the last available trading day. The Bank of Korea scheduled its financial stability report release at 11am. Global developments included scheduled speeches by Reserve Bank of Australia Governor Michele

Jesse Crosson, a political science associate professor at Purdue University, analyzed whether investments by SK Hynix and other global tech companies could shift Indiana's political landscape through an influx of highly educated workers. In a recent written interview, Crosson stated that while