Gate Cryptocurrency News and Market Analysis

Foreign investors aggressively purchased leveraged exchange-traded funds (ETFs) in the Korean stock market during August 26–September 1, with 6 out of the top 10 ETFs by net purchases being leveraged products, according to KOSCOM data released on September 2. This buying spree occurred even as

Gold prices fell 2.79% to 190,810 won per gram on September 2nd, marking the lowest level since August 5th when prices stood at 190,800 won per gram, according to Korea Exchange and Yonhap Infomax. The decline followed a surge in global interest rates triggered by renewed US-Iran military conflict a

Meta reached an $18 billion settlement with 29 U.S. state attorneys general following a trial in August over allegations that Instagram and Facebook contained design features harmful to younger users. The settlement, agreed during week two of the trial, requires Meta to implement core platform

NextTrade (NXT), South Korea's first alternative stock exchange, reached 5,339 trillion won in cumulative trading volume within 1.5 years of launch, according to data released on the 2nd covering transactions through last month's final trading day. The platform's extended trading hours from 8am to 8

Korean secondary battery exchange-traded funds surged to the top of domestic ETF performance rankings over the recent one-month period as the previously neglected sector rebounded. TIGER Secondary Battery TOP10 Leverage rose 45.88% in one month while KODEX Secondary Battery Industry Leverage

The Virtual Assets Regulatory Authority (VARA) has emphasized the importance of on-chain data in monitoring virtual asset transactions. VARA aims to strengthen understanding of the virtual asset ecosystem and enhance risk assessments by analyzing transaction flows and wallet activities. This

Korean retail investors net purchased $800 million worth of SK Hynix American Depositary Shares (SKHY) on Nasdaq between July 10 and September 1, making it the top overseas stock by net purchases excluding ETFs, according to Korea Securities Depository. The buying spree occurred despite SKHY

GoPro announced on May 1 (local time) that it signed a final merger agreement with US optical communications company Starman Optical, with Starman paying $285 million in cash to acquire approximately 90% of the merged entity. The merger follows GoPro's financial struggles after the company

Prediction market Kalshi suspended North Carolina Republican House candidate Laurie Buckhout for three years after finding she bet on her own congressional race, according to a settlement notice published Monday. Buckhout bought less than $1,000 of contracts on her race against

The Korean stock market experienced its largest monthly fund outflow on record in August, with 12.5 trillion won in net withdrawals - the highest since tracking began in 2000. The exodus followed a 38% plunge in the KOSPI index over July and August, freezing investor sentiment after a first-half

GitLab (GTLB) stock surged nearly 21% in premarket trading Wednesday after the software company reported fiscal second-quarter revenue of $286.3 million, up 21% year-on-year, and net annual recurring revenue growth of 42%. The surge followed GitLab's announcement that first-time customer orders

Bitcoin (BTC) traded at $77,264 on Wednesday as the Federal Reserve rate outlook shifted from a tail risk to the base case for a September hike. The cryptocurrency declined 0.2% on the day and 1.6% on the week, per TradingView, while remaining up 22% over 30 days after surging toward $81,000 in

Japanese stock market indices declined sharply during trading, with the Nikkei 225 falling 1,889.70 points (2.85%) to close at 64,325.64, while the TOPIX index dropped 100.26 points (2.40%) to 4,081.60. The selloff was driven by weakness in AI and semiconductor-related stocks amid a global surge in

XRP spot ETFs have accumulated over $1.6 billion in cumulative net inflows through September 1. A nine-day positive streak delivered more than $740 million in eleven days, including $26.2 million on August 28. Second-quarter 13F filings show investment advisers driving demand, led by Goldman

CryptoQuant published an analysis suggesting Bitcoin could break out of its current downtrend, indicating a potential bear market reversal. The analysis points to cycle momentum and declining long-term holder balances as factors affecting market sentiment. The broader crypto market is displaying

Korean securities firms' equity wrap products marketed with 5-8% target returns are facing loss risks after KOSPI fell over 25% in the recent 3 months. KB Securities sold approximately 1,600 billion won of equity target conversion wrap products in July, while Korea Investment Securities sold

Over 500 million XRP, valued at approximately $300 million, was transferred from Binance, according to a tweet from @cryptoquant_com. The withdrawal has sparked discussions in the cryptocurrency community about long-term implications for XRP's market dynamics. According to the source, this move

Korean dividend stocks enter their traditional high season in September-October as KOSPI manufacturing listed companies' net profit surges from 169 trillion won last year to a projected 751 trillion won this year. The profit expansion coincides with a new separate taxation policy for high-dividend c