Gate Cryptocurrency News and Market Analysis

Kakao announced plans to expand its virtual asset and stablecoin business following a corporate human split that will restructure the company into KakaoX and KakaoAI. The expansion aims to accelerate growth and enhance shareholder value through the surviving entity KakaoX. The company disclosed the

Foreign government holdings of US Treasuries have declined to approximately 12% of the total market from roughly 40% before the financial crisis, according to an Axios analysis reported by Yonhap Infomax. This shift has resulted in US Treasury market management falling increasingly into the hands of

US stock futures edged higher in overnight trading late Thursday after a sharp selloff driven by rising Treasury yields. Dow futures climbed 0.01%, while S&P 500 futures and Nasdaq-100 futures gained 0.08% and 0.22% respectively at 10:09 PM EDT Thursday. The recovery followed Thursday's close

Walmart Inc. and Target Corp. reported contrasting fiscal second-quarter earnings results this week, triggering sharply different stock market reactions. Walmart stock tumbled over 8% on Thursday, marking its worst single-day decline in over four years, while Target stock climbed to a 52-week high o

US President Donald Trump signed a National Security Presidential Memorandum on Thursday targeting over 1,000 US launches and reentries annually by 2030. The policy seeks faster permitting reviews, additional launch sites, priority airspace, and private infrastructure investment to enable a

Recently, a batch of suspected in-game footage, map screenshots, and cutscenes from Grand Theft Auto 6 (GTA 6), bearing CyberLeek watermarks, has been circulating online. CyberLeek promoted the $CYBERLEEK memecoin on the Solana blockchain, and on-chain records show that the token predates the leak; its daily trading volume reached $11.8 million on August 18, while its peak market cap reached $3.76 million. Content and Authenticity of the Suspected GTA 6 In-Game Material The leaked material inclu

NAVI Protocol launched NAVI Prime, a modular lending framework on Sui that replaces shared liquidity pools with independently curated lending markets. The framework is designed for professional allocators seeking customized collateral parameters and controlled risk environments, differentiating it f

Eugenio 'Gabby' Lopez III is implementing a P6-billion recapitalization plan to rescue ABS-CBN Corporation, which announced the initiative on August 10. The Philippine media company has accumulated P45.5 billion in losses between 2020 and 2025, erasing its entire cash surplus and leaving it with a P

South Korean stocks tied to inter-Korean economic cooperation surged this week following reports that US President Donald Trump is pursuing a summit with North Korean leader Kim Jong-un. The Wall Street Journal reported on the 18th (local time) that Trump discussed the summit privately, with a

Thirteen Bitcoin hardware wallet manufacturers responded to the Coldcard security exploit that erupted at the end of July into August, with response times varying by more than a day across companies. The crisis prompted manufacturers to explain their entropy generation methods and reassure users

Bitcoin rebounded from approximately $64,000 to around $74,000 within three days in mid-August. The cryptocurrency fell to $64,100 on the 19th before rallying sharply following the US Treasury Department's announcement of expanded long-term bond buybacks. The three-day consecutive rise brought Bitco

According to people familiar with the matter cited by CoinDesk, social platform X is evaluating the use of stablecoins such as USDC to pay creators their revenue-sharing compensation for content published on the platform. Discussions are ongoing, and no final decision has been made. The sources said they are also helping other social platforms test stablecoin payments. The total market capitalization of stablecoins worldwide has surpassed $300 billion. Compared with traditional cross-border paym

Major listed Korean REITs lost over 60% of their value in the past 2 years while the KOSPI index rose 2.6 times, according to Korea Exchange data. The decline was driven by a global commercial real estate market downturn and rising interest rates that increased borrowing costs. JR Global REIT's

BlocksBridge Consulting reported in its latest “Miner Weekly” newsletter that nine publicly listed Bitcoin mining companies spent $5.11 billion on capital expenditures for AI and high-performance computing (HPC) businesses during the first half of 2026, while directly reported AI/HPC revenue totaled only $341.2 million during the same period, resulting in a capital expenditure-to-revenue ratio of approximately 15:1. BlocksBridge’s Capital Expenditure Data According to BlocksBridge Consulting’s m

Japanese stocks declined at the opening on August 21 amid rising US long-term Treasury bond yields, with the Nikkei 225 falling 468.34 points (0.71%) to 65,748.45 as of 9:19 AM, according to Yonhap Infomax World Stock Index. The decline followed overnight weakness in US markets where Treasury yields

Foreign investors net sold over 1 trillion won in Korean government bonds this month, marking an unusual shift after months of heavy buying. The net selling reached 1.538 trillion won as of August 21, concentrated in short-term bonds with 2-3 year maturities. The selling pressure stems from

South Korean Finance Minister Park Hong-geun announced plans for a Future Response Fund on the 21st at a fiscal strategy meeting, stating the fund will contribute to stable and efficient national fiscal operations, including debt repayment when necessary. The fund will address revenue shortfalls and

Chinese toy manufacturer Pop Mart’s founder and CEO, Wang Ning, announced during the company’s interim results earnings call at the Hong Kong Stock Exchange on August 20 that Pop Mart would launch a stock buyback program worth 2 billion to 5 billion yuan—up to approximately $740 million—within the next six months. According to Mojing Data, which tracks Tmall, Taobao, and Douyin, Pop Mart’s online product sales in China still fell 21% year over year in July despite the launch of new products such