Gate Cryptocurrency News and Market Analysis

Strategy Executive Chairman Michael Saylor said during a Q&A session on August 18 that the company is currently prioritizing the STRC preferred stock business, cash reserves, and its credit business over MSTR share buybacks; he said buybacks would only be considered if MSTR shares traded at a “very deep discount” to net asset value (NAV). Strategy currently holds $4.8 billion in cash. Saylor’s Position on MSTR Share Buybacks During the Q&A session, Saylor clarified three current business priorit

Onchain Lens reported on Aug. 18 that a dormant wallet that received Bitcoin in 2011 transferred 8.54 BTC (approximately $539k) to the crypto exchange Kraken after remaining inactive for more than 15 years. Based on BTC’s price of approximately $14 when it was received, its value has increased approximately 4,600-fold. Onchain Lens: Dormant 2011 Wallet Transfers 8.54 BTC (Source: Arkham) According to data from on-chain monitoring platform Onchain Lens on Aug. 18, 2026, an old wallet that receive

KB Financial Group received approval from Indonesia's financial regulator OJK on local time May 28 to establish a local financial holding company, approximately eight months after submitting a revised plan. The approval requires KB to transfer all Indonesian subsidiary stakes to the new holding comp

Seongho Electronics reported consolidated operating profit of 10.09 billion won for H1 2026, according to its semi-annual report disclosed on August 18 through the Financial Supervisory Service's electronic disclosure system. The figure represents 133.7% of the company's full-year 2025 operating pro

Investors in exchangeable bonds issued by Above Semiconductor, a KOSDAQ-listed semiconductor back-end processing company, exercised put options on 120 billion won worth of bonds. The company issued 200 billion won in EBs in 2024, with put options exercised on 40 billion won of the 2nd series

Bitcoin rebounded to around $64,360 on August 18, driven by macroeconomic conditions, including a rise to 69% in the market-implied probability that the Fed will leave interest rates unchanged in September. Meanwhile, the 2-year U.S. Treasury yield has fallen by approximately 20 bps since July 23. BTSE COO Jeff Mei said ETF outflows last week caused early weakness in Bitcoin and Ethereum, while noting that traders still favor AI stocks. Details of Four U.S. Macro Data Releases A few weeks ago, t

Leon Cooperman, billionaire investor and former Goldman Sachs CEO, warned in a CNBC interview on the 17th that the U.S. economy could enter a recession next year at some point, dragging down stock markets. Cooperman cited excessive optimism in current market valuations and corporate earnings

South Korean and Japanese residents increased overseas investments when their currencies strengthened, according to data released this month. In Korea, individual investors' overseas stock net purchases reached $4.58 billion last month, the fifth-highest monthly record, while Japanese residents' ove

Seoul's bond market monitored international oil prices on August 18th ahead of a 10-year treasury auction, as investors awaited the Bank of Korea's monetary policy committee meeting next week. Oil prices rose following the expiration of a 60-day negotiation deadline from a June US-Iran ceasefire

US stock markets closed mixed on August 17 (local time), with major indices declining while the Philadelphia Semiconductor Index surged 1.64% as artificial intelligence and semiconductor stocks continued to attract investor interest. The divergent performance came as geopolitical tensions

Madison Huang, NVIDIA's senior director of Omniverse and Robotics product marketing and daughter of CEO Jensen Huang, visited LG Electronics' robotics facility on the 18th. She toured the Data Factory at the Yangjae R&D Campus in Seocho District, Seoul, where she met with senior LG Electronics

Japanese stocks showed mixed performance on August 18 as the Nikkei 225 index declined while the Topix index gained, following the effective collapse of a US-Iran ceasefire extension. At 9:22 AM, the Nikkei 225 fell 337.62 points (0.49%) to 68,882.63, retreating from the 69,000 level recovered the p

DN Automotive's stock surged 11.21% to 64,700 won on the morning of the 18th following a target price upgrade by Hana Securities. The brokerage raised its target from 60,000 won to 80,000 won while maintaining a 'buy' rating, citing the company's record-breaking machine tool division performance in

Binance Pay integrated with more than 3,700 DK Bank QR merchants across Bhutan on Aug. 17, extending cryptocurrency acceptance through the country's domestic payment infrastructure. The expansion follows an initial tourism payment rollout that began with more than 100 participating merchants in

South Korea's Financial Services Commission reduced a penalty proposed by the Financial Supervisory Service against Hana Bank to one-fifth of the original amount. The FSS had recommended a ₩312 million fine based on inspection results, but the FSC lowered it to ₩63 million after determining that

South Korea's four major financial holding companies recorded near-unanimous board voting in the first half of the year, with only one opposing vote across all meetings. KB Financial, Shinhan Financial, Hana Financial, and Woori Financial collectively held board meetings discussing 21-32 agenda

Nike (NYS:NKE) closed at $39.09 on the 17th (local time) on the New York Stock Exchange, down 4.03% from the previous day, as the global sports brand's stock decline continued to defy Wall Street's rebound expectations. Yahoo Finance reported that Nike stocks fell below the $40 level and are down 78

Jeff Dean, former Google senior scientist and co-founder of Discovery Loop, delivered a lecture at KAIST Seoul AI Hub on May 13, marking his first public appearance since leaving Google to launch an AI startup. Dean emphasized that human-AI collaboration produces better results than either working a

South Korean pension funds transferred 5.3 trillion won from banks to securities firms between late October 2024 and June 2025, according to data submitted by the Financial Supervisory Service to lawmaker Park Hong-bae. Securities firms recorded a net inflow of 4.2 trillion won during this period, w

Hyundai Engineering lost a lawsuit and paid a bond guarantee in July following a bondcall dispute with the client of its Uzbekistan petrochemical project. The South Korean construction firm disclosed in its semi-annual report that it paid the guarantee after a financial institution that initially re