Gate Cryptocurrency News and Market Analysis

South Korea's foreign exchange reserves reached $427.95 billion at the end of July, according to the Bank of Korea on the 5th. The reserves increased by $590 million compared to the end of June. The Bank of Korea attributed the increase to new foreign currency stabilization bond issuance,

Individual investors net purchased KRW 373.8 billion in KODEX KOSDAQ150 Leverage ETF and KRW 106.5 billion in KODEX KOSDAQ150 ETF from the 27th of last month to the 3rd of this month, according to ETFCHECK data. During the same period, individual investors net sold KRW 1.1169 trillion in the KOSDAQ

National Pension Service disclosed on August 4 changes to its holdings in Korean stocks, increasing stakes in Celltrion from 6.24% to 7.28%, SK Telecom from 7.45% to 8.46%, and Samyang Foods from 10.69% to 11.01%, according to the Financial Supervisory Service electronic disclosure system. The

KB Securities experts analyzed the first half of 2026 Korean stock market performance during a recent investment concert on the KB Securities YouTube channel, with KOSPI closing at 6,358.95 and KOSDAQ at 780.72 on August 4. Team leader Min Jae-ki and senior managers Yoo Young-hwa and Park Gun-hee at

Foreign media outlets Bloomberg and the Financial Times criticized South Korean government policy failures following extreme volatility in the Korean stock market that caused significant losses for individual investors. Bloomberg columnist Shuli Ren published a column on May 3 (local time) warning t

Strategy announced on Monday that it sold 1,638 BTC for approximately $104.7 million between July 27 and August 2, at an average price of $63,957 per coin. The proceeds were allocated to cover two obligations: $52.4 million for dividend payments on the company's preferred stock and $52.3 million for

Palantir Technologies Inc. shares rallied 28% on Tuesday, triggering approximately $3 billion in paper losses for short sellers in a single session. The surge completely erased short sellers' $2.7 billion in year-to-date paper gains, according to data from S3 Partners LLC. The rally followed Palanti

Patrick Steven Yaroch, a Federal Bureau of Investigation Supervisory Special Agent working at the FBI Headquarters Counterintelligence and Espionage Division, allegedly transferred $925,426.07 in seized cryptocurrencies to his personal wallets, according to court documents unsealed this week. Yaroch

Apple asked a federal judge to issue a preliminary injunction preventing OpenAI and two former Apple employees from accessing or using information the company claims was improperly obtained. The requested order would bar OpenAI, Chang Liu, and Tang Yew Tan from accessing, acquiring, using, or

Kinetic Markets, the futures commission merchant subsidiary of Kalshi, has selected Solidus Labs to provide trade surveillance across its brokerage business, extending a relationship that already covers Kalshi's regulated exchange since February 2026. The partnership addresses compliance

Ethereum's staking ratio reached 34.4% of total ETH supply, marking the highest level ever recorded for the network. The milestone comes nearly three years after Ethereum completed its transition from proof-of-work to proof-of-stake on September 15, 2022, in an upgrade the community called the

Cardano achieved a 25% weekly gain, becoming the best-performing cryptocurrency among the top 100 crypto assets by market capitalization in recent days. ADA reached $0.195 for the first time since July 4th, according to cryptocurrency analysis platform Santiment. Despite the price increase,

Leverage Shares, operating under the Themes brand, listed the Leverage Shares 100% TSLA and 100% SpaceX Daily ETF on NASDAQ under the ticker ELOL. The fund provides 100% daily exposure to both Tesla and Space Exploration Technologies Corp. (SpaceX), with a management fee of 0.99%. The launch

SpaceX and Nvidia announced on August 4, 2026, a joint project to develop the compute payload for the Starmind AI1 satellite, designed to run artificial intelligence workloads from low Earth orbit using Nvidia's advanced silicon. The collaboration targets a megaconstellation of up to 1 million satel

Arizona, Illinois, and Ohio have paused or narrowed tax incentives for data centers, withdrawing sales tax breaks that previously covered computer equipment and server gear. The states are reconsidering their stance on incentivizing data centers as part of a broader policy reassessment. The repeal o

Samsung Electronics crossed the $1 billion sales mark for its HBM4 AI memory chips on June 23, 2026, roughly four months after mass production began on February 12, 2026. The milestone reflects strong demand for next-generation AI memory technology. Samsung's HBM4 chips deliver performance

Three major US stock indices closed higher for a fourth consecutive day on August 4 (US Eastern Time), with the Dow Jones Industrial Average rising 907.47 points (1.71%) to 54,085.88, the S&P 500 gaining 136.02 points (1.79%) to 7,736.52, and the Nasdaq Composite surging 671.10 points (2.59%) to 26,

Navy Federal Investment Services selected Apex Fintech Solutions to power a digital investing platform for more than 15 million members of Navy Federal Credit Union. The partnership enables members to open investment accounts, trade stocks and exchange-traded funds, and access automated portfolios w