Gate Cryptocurrency News and Market Analysis

Pyth Network announced a collaboration with ExaAILabs to integrate AI capabilities into its market data services. The partnership focuses on providing structured, real-time, and historical market data to enhance AI-powered financial research. Pyth Network operates as a decentralized data oracle

Peptron stocks plunged over 25% on the 8th following the announcement that its technology evaluation period with global pharmaceutical company Eli Lilly ended without a commercialization contract. According to the Korea Exchange, Peptron traded at 97,800

Bitmine Emerging Technologies announced it will halt Ethereum purchases once its holdings reach 5% of the total circulating supply, CEO Tom Lee said at an event in Singapore on the 7th (local time). The company needs to acquire approximately 100,000 more ETH to reach this threshold, at which point i

South Korea's registered foreign institutions handling Korean won transactions (RFI-K) expanded to 10 institutions as of the previous day, up from the initial six registered on the 22nd of last month, according to the Ministry of Economy and Finance on the 8th. The four new additions include Hana

SK Telecom and Upstage announced on the 8th the formation of an independent AI cybersecurity consortium to respond to hacking incidents, partnering with major security companies and universities. The consortium was established to expand AI models that advanced to Stage 3 of the government's independ

Samsung Biologics labor and management remain deadlocked after dozens of bargaining rounds, with a second strike set for the 26th. The dispute centers on a pending court appeal over strike scope restrictions, following a June ruling that limited union actions in three of nine production processes. T

Visa announced it will conduct stablecoin settlements on the Solana network. The Solana Foundation highlighted this initiative in a tweet, reflecting increased stablecoin activity within the ecosystem. This move indicates broader acceptance of stablecoins as Solana continues to grow its

Bitcoin fell to $83,257 on May 8, declining 2.8% over 24 hours as rising US Treasury yields and a strengthening dollar pressured risk assets across crypto markets. Ethereum dropped more sharply to $2,573, down 4.8%, while Solana declined 4.2% to $116, according to CoinGecko data as of 9 AM on May 8.

Ethereum researcher Justin Drake warned the cryptocurrency industry on Wednesday to prepare for 'bunker mode,' recommending users gradually move assets to fresh addresses. Drake cited concerns that advances in artificial intelligence could undermine the elliptic curve digital signature algorithm

Seoul Trade, a fintech startup, announced on the 8th its plan to complete over-the-counter brokerage licensing procedures and prepare infrastructure for token securities trading of unlisted stocks, targeting a February next year launch. The move follows Capital Markets Act enforcement decree

Hyundai Motor stocks are forecast to post a Q3 operating profit of 2.3758 trillion won, down 6.36% year-on-year, as labor strikes and won strength disrupt production. Revenue is projected at 44.6812 trillion won, down 4.37%, with approximately 55,000 units in shipment delays reducing global

SK Securities maintained a 'Buy' rating and 180,000 won target price for AmorePacific on the 8th, citing expected performance improvement from the company's strategic shift toward SNS, Amazon, and TikTok channels. Analyst Hyung Kwon-hoon stated AmorePacific is expanding customer touchpoints and impr

Independent research firm ValueFinder highlighted DYC following LIG D&A's equity investment completed in May. DYC supplies guided weapon components including fuze parts and missile attitude control system components through subsidiary DYC Dynamics. ValueFinder cited the global shortage of guided wea

Polymarket has initiated live testing of Protocol V2, a comprehensive rebuild of the smart contract infrastructure underlying its prediction markets. The new architecture consolidates market operations around a unified exchange system and pUSD collateral standard. Canary testing is scheduled to cont

Korea Digital Asset (KODA) partnered with global infrastructure firm Figment to enable institutional clients to stake Ethereum held in KODA custody, the company announced on the 8th. The partnership allows clients to earn staking rewards through Figment's

Yuanta Securities stated on the 8th that South Korea's electrical and electronics sector has entered a phase where upward momentum is spreading from individual stocks to component-level categories. Analyst Ko Seon-young identified PCB substrates as the rebound starting point and named Samsung

Shinhan Investment Securities raised SK Innovation's target price to 240,000 won on the 8th, a 20% increase. Analysts Lee Jin-myeong and Kim Myung-joo cited improved E&S (Energy Business Division) earnings from Barossa gas introduction through Darwin LNG. The analysts stated in a Darwin LNG site vis