Gate Cryptocurrency News and Market Analysis

NVIDIA's market capitalization surged by 611 trillion won in one day following its strong earnings announcement, raising expectations for a renewed rally in global semiconductor stocks. The 28th at 10 AM, Korean semiconductor, power equipment, and battery stocks rose significantly after NVIDIA's

South Korea's Ministry of Science and ICT announced on the 28th that SK Telecom consortium, Kakao consortium, and KT consortium have been selected as operators for the 'AI for All' project. The project will provide free AI services to all citizens, with the government covering costs through budget s

BitGo completed the acquisition of bitcoin miner NYDIG's institutional trading business and related assets, the company announced Thursday. The transaction aims to expand BitGo's institutional markets platform by branching out derivatives offerings and enhancing financing capabilities.

Kiwoom Securities, led by CEO Eom Ju-seong, recorded a 62.5% withdrawal rate in IPO preliminary reviews during 2024-2025, with 5 out of 8 general corporate applications withdrawn. This rate is the highest among 9 major Korean securities firms analyzed based on Korea Exchange disclosure data

Foreign investors are set to receive 1.6 trillion won (1.16 billion USD) in dividend payments on August 28, with Samsung Electronics accounting for 900 million USD. The remittance demand for dollar conversion is expected to create upward pressure on the USD/KRW exchange rate, which is trading

The Ethena Foundation announced tokenomics reforms: the ENA token surged 23% in a single day on Aug. 27 to $0.17, doubling within a week. The reforms include ending monthly VC token unlocks, launching a “fee switch” governance proposal, and Ethena Labs reaching an agreement in principle with the foundation under which most protocol IP and economic proceeds will belong to the foundation and ecosystem rather than to Ethena Labs shareholders. Specific Details of Ethena’s Three Major Tokenomics Refo

Analysts warned at the 'Accelerating Bitcoin' conference earlier this month that Bitcoin mining operations consume 30% of Paraguay's total power supply and could trigger an energy crisis by 2029. Energy researcher Victorio Oxilia revealed that mining activities use the equivalent of 1.5 turbines at

South Korean savings banks paid 387.3 billion won in deposit insurance premiums during the first half, equivalent to 50% of the sector's net profit of 765.8 billion won, according to Financial Supervisory Service data released on the 28th. The burden stems from the current 0.4% premium rate amid

Shinhan Securities projects Korean battery manufacturers will benefit from U.S. President Donald Trump's executive order restricting foreign power equipment imports on power grid security grounds, signed on the 26th (local time). The brokerage firm released analysis on the 28th indicating the move c

High-Flyer Quant, the hedge fund founded by DeepSeek creator Liang Wenfeng, has secured allocations in some of China's most prominent hard-tech IPOs, from memory chipmaker CXMT to robot maker Unitree Robotics, according to IPO data analysis. The fund's affiliates invested a combined $26 million in C

A hacker released previously unreleased gameplay footage from Grand Theft Auto 6 (GTA 6) online for 9 consecutive days, adding a watermark featuring $CYBERLEEK 's Solana meme coin. CoinDesk reported on Aug. 27 that the hacker dumped the token a few hours before Rockstar's official announcement, cashing out approximately $270k, while $CYBERLEEK fell approximately 46% to $0.0097. Dump Timing: A Few Hours Before Rockstar's Official Release The hacker's operating pattern was clear: throughout the 9

Bitcoin rose to around $80,500 on Aug. 28. Deribit data showed that approximately 81,700 Bitcoin options expired that day, with a total notional value of about $6.44 billion. Fed Chair Kevin Warsh will deliver his first keynote speech at the Jackson Hole central banking symposium on Aug. 29. Bank of America warned that if Warsh’s speech is dovish, the 30-year U.S. Treasury yield could rise to 5.5%. Warsh’s Communication Approach After Taking Office: Reducing Forward Guidance and Emphasizing That

South Korea's National Pension Service and Korea Investment Corporation are conducting simultaneous searches for chief investment officers to oversee a combined 2200 trillion won in assets. The National Pension Service, with 1848.7 trillion won in assets as of late May, is in final-stage

South Korea's National Pension Service achieved a 27.22% return in the first half of 2026, driven by strong performance in domestic and overseas stock markets. The fund's assets reached 1,866 trillion won as of June 30, 2026, according to an announcement by the NPS Fund Management Headquarters on

South Korea's National Growth Fund approved a 3,500 billion won capital increase for Wonik Robotics on the 27th, with 1,500 billion won from the Advanced Strategic Industry Fund and 2,000 billion won from private investors. Wonik Robotics, a robotics and AI automation developer, is an unlisted

The KOSPI declined 1.12% to 6834.68 as of 9:08 AM on the 28th, despite NVIDIA's 8.7% surge overnight following strong earnings. The Korean benchmark index opened down 0.95% at 6846.54, with foreign investors selling 149.9 billion won and institutions offloading 192.8 billion won worth of shares. The

South Korean asset managers finalized their decision not to participate in exchange-traded fund (ETF) trading on Korea Exchange's aftermarket, which opens next month on the 14th with trading hours from 4pm to 8pm. Asset management company CEOs reached consensus at an asset management association

The KOSPI declined on the 28th, opening 0.95% lower at 6846.54 and falling to the 6810 range during trading. Foreign investors sold 807 billion won and institutions sold 1232 billion won as of 9:21 AM, while individual investors bought 1086 billion won. The decline occurred despite overnight gains i

The KOSPI index opened down 65.83 points (0.95%) at 6846.54 on May 28, as news that the US administration is considering tariffs on imported semiconductors weighed on sentiment. The decline occurred despite overnight gains in US technology stocks, as NVIDIA's positive earnings had already been