Gate Cryptocurrency News and Market Analysis

President Lee Jae-myung stated on September 2 via X that South Korea's economic situation has dramatically improved compared to when he took office, describing it as a complete transformation. The statement came as the Ministry of Trade, Industry and Energy released August import-export data. Lee at

Hyundai Department Store, Shinsegae, and Lotte Shopping experienced sharp stock declines in the second half, with drops of 52.14%, 48.81%, and 37.95% respectively from their June 30 closing prices. The won-dollar exchange rate fell from the 1550-range in early July to 1368.7 won, weakening foreign t

Japanese public company Remixpoint sold all its Ethereum, Solana, XRP, and Dogecoin holdings on Sept. 1, retaining Bitcoin as the sole cryptocurrency in its treasury. The sale generated ¥878.8 million ($4.47 million) in proceeds and produced a ¥117.8 million ($598,400) gain, which the company

An Ethereum wallet has crossed a $2 billion market capitalization milestone, according to information shared via a tweet by @wormhole. The wallet, identified by the address 0x8292bb45bf1ee4d140127049757c2e0ff06317ed, represents what observers describe as potential whale accumulation activity

International oil prices rose for a third consecutive trading day on September 2 (US Eastern Time), driven by escalating US-Iran tensions. WTI crude for October delivery closed at $91.01 per barrel, up $0.79 (0.88%), while Brent crude for November delivery settled at $95.63 per barrel,

Binance observed a trend among users, particularly high-net-worth individuals, who are increasingly seeking access to both cryptocurrency and traditional finance. The observation was shared in a tweet from the official Binance account. The trend reflects growing user demand for integrated

Payward, the parent company of cryptocurrency exchange Kraken, has delayed its initial public offering to the second quarter of 2027, citing ongoing challenges in the cryptocurrency market. The announcement, surfaced by CryptoTwitter commentator @WuBlockchain, comes after the company

KOSDAQ stocks recorded a 15.91% gain in August, the highest August increase since the market's 1996 launch, according to Korea Exchange data released on September 3. However, daily trading volume collapsed 60% from 14.9122 trillion won in January to 5.9868 trillion won in August. Analysts

Korean investors shifted capital away from the KOSPI stock market during June through August, as daily trading volumes declined 48.66% and investor deposits fell below 100 trillion won for the first time since February 11, according to Korea Exchange and Financial Investment Association data. The

SP Seongsu PFV, the developer of a former Sampyo concrete plant site in Seongsu-dong, Seoul, faces a 640 billion won bridge loan maturity on October 14. The loan, arranged with 221 lenders including Shinhan Bank, was secured to finance the acquisition and initial development of the 28,106.2㎡ site

Whale Alert has confirmed a transfer of 670 BTC, valued at approximately $51.9 million, from Coinbase Institutional to an unknown wallet. The transaction reflects institutional portfolio management activity in the

Coinbase launched crypto derivatives trading in Canada on Wednesday, offering eligible users access to 23 crypto perpetual and dated futures, five commodity futures, and the Coinbase 50 Index. The products are provided through Coinbase Financial Markets, a futures commission merchant registered

Coinbase appointed Anthony Armstrong to its board of directors, where he will serve on the Audit and Compliance Committee, according to a filing with the U.S. Securities and Exchange Commission. The appointment expanded Coinbase's board from nine to ten members. Armstrong brings nearly a decade of i

European natural gas prices reached their highest level since 2023 on September 2 as the United States and Iran resumed military clashes more than six months into the Iran war. Dutch TTF hub natural gas futures rose over 2% to €73.60 per megawatt-hour (MWh) by 2:10 p.m. local time September 2,

Korean retail investors reduced ETF net purchases to 2.3756 trillion won in August, marking the lowest monthly level this year and a 73% decline from July's 8.7868 trillion won, according to Korea Exchange data released on the 2nd. The sharp contraction reflects weakened investment sentiment as

The Federal Reserve released its August Beige Book on the 2nd (local time), reporting that economic activity increased modestly since early July, with 10 of 12 Fed districts experiencing growth at a slight to moderate pace while two districts reported no change. The report stated that consumer

US stock market indices rose together on 2일 (US Eastern Time) after four consecutive days of decline, as US Treasury yields declined slightly and bargain buying emerged. Mid-to-long term Treasury yields fell by approximately 1 basis point after five trading days of sharp increases that had

GoPro merged with US optical communications company Starman Optical in a deal valued at $285 million, the companies announced on May 1. The action camera maker, once valued at nearly $12 billion in 2014, saw its market capitalization collapse to $300 million amid competition from lower-priced