Gate Cryptocurrency News and Market Analysis

South Korea's national tax revenue is projected to reach a record 478.6 trillion won this year, marking an increase of 104.7 trillion won from the previous year. The surge, driven by a semiconductor industry boom led by Samsung Electronics and SK Hynix, exceeds the March supplementary budget

Insurance companies increased purchases of ultra-long Korean government bonds since early September, with the sector and pension funds net buying 2.72 trillion won of KTBs during this period following 2.3 trillion won in August net purchases. The 30-year KTB yield rose 4.9 basis points to 4.552% sin

Half of South Korea's matured New Deal Fund sub-funds recorded negative returns according to data submitted to the National Assembly. Lawmaker Park Jun-tae of the People Power Party received data from Korea Development Bank showing 8 out of 17 matured sub-funds posted losses, with an average

Major countries including Korea, Japan, China, and Saudi Arabia are undergoing a fundamental shift in foreign exchange asset management toward high-risk assets including US stocks, according to The Economist on local time October 1st. These governments are moving away from traditional safe assets

Korean semiconductor export companies have accumulated record dollar holdings, but actual dollar supply to the foreign exchange (FX) swap market shows significant variation by timing, according to market analysis. Yuanta Securities strategist Lee Jae-hyung stated that semiconductor boom-driven forei

Robin Brooks, former Goldman Sachs foreign exchange analyst and Brookings Institution senior fellow, published analysis stating that the European Central Bank is the root cause of the debt crisis triggered by France's surging bond yields. Brooks wrote on X and Substack that French long-term

The South Korean government reduced its October treasury bond auction volume by 5 trillion won to 12 trillion won. The Ministry of Economy and Finance announced the reduction on October 1, citing a 63.2 trillion won upward revision in tax revenue to 478.6 trillion won. The move aims to stabilize bon

South Korean securities firms saw equity issuance underwriting volumes plunge by more than half in Q1-Q3 compared to the same period last year, with total underwriting reaching 2.5719 trillion won versus 6.2372 trillion won previously, according to Yonhap Infomax data released on the 2nd. The

ING published an analysis on October 1 (local time) stating that approximately 50% of long-term bond yield increases stem from inflation expectations, while artificial intelligence accounts for only 20% of the impact. The bank explained that within the 20% AI-related influence, 70% reflects

KONA I completed its 100% acquisition of US card manufacturer Protec Secure Card (PSC) on December 1 (local US time) in New York, finalizing the deal approximately one month after announcing the acquisition plan on November 1. The acquisition, executed through KONA America Holdings, cost 20.1

The Bank for International Settlements issued a warning on October 1 (local time) regarding the growing scale of circular transactions among hyperscaler companies investing in AI infrastructure. In a report titled 'Circular Relationships Between AI Companies,' BIS stated that while these

Sunayana Tuteja, former Chief Innovation Officer of the US Federal Reserve, stated on October 1 that regulatory reforms and industry innovation in digital assets will continue even if the CLARITY Act fails to pass. Speaking at an interview held at Grand Walkerhill Seoul's 4th floor interview room in

Ripple transferred 35 million XRP, valued at approximately $52.4 million, to an unknown wallet, as reported by blockchain monitoring account @whale_alert. The company has not issued an official statement regarding the transaction. Ripple manages substantial XRP holdings through escrow arrangements a

HLG Genomics' stock price plummeted 62.47% within two months of its July 23 listing on the KOSDAQ market, dropping from an IPO price of 21,500 won to 8,070 won as of the previous trading day, according to Korea Exchange data released on the 2nd. The decline triggered shareholder complaints about

Korea Exchange has been attracting steady foreign investment inflows since launching its after-hours market operating from 4pm to 8pm on September 14. The extended trading hours for KOSPI and KOSDAQ markets have generated an average daily trading volume of 1.29 trillion won, with foreign investors c

Seoul foreign exchange dealers forecast on October 2 that the USD/KRW exchange rate will show limited fluctuations in the 1,350 range ahead of the US employment report release. While the global dollar is showing strength, the upper limit for USD/KRW is expected to remain heavy as negotiation

Accenture (NYS:ACN) stocks closed at $212.30 on October 1 local time, surging 15.78% following record client contract signings that addressed investor concerns about AI displacing traditional consulting demand. The global consulting and IT services firm reported fourth-quarter earnings per share

Democratic candidate James Talarico leads Republican Ken Paxton 51%-49% in the Texas Senate race, according to a Fox News poll released on local time October 1. The poll surveyed likely voters and revealed significant Republican voter defection, with 22% of non-MAGA Republicans and 20% of voters

GCash parent company Mynt set its initial public offering price at P6.60 per share on Thursday, October 1, with the decision disclosed on the Philippine Stock Exchange on Friday, October 2. The pricing values the fintech company at approximately P442 billion ahead of its stock market debut. The