Gate Cryptocurrency News and Market Analysis

US Republican Senator Cynthia Lummis stated on September 14 (local time) that Republicans have no further concessions to offer on the CLARITY Act, one day before the Senate procedural vote. Lummis claimed on X that Democrats continue demanding more despite receiving everything requested, including e

MicroStrategy (NASDAQ: MSTR), led by Chairman Michael Saylor, halted Bitcoin purchases for the second consecutive week between the 8th and 13th, according to CoinTribune on the 14th (US local time). The company maintained its total Bitcoin holdings at 845,050 BTC during this period. MicroStrategy in

Samsung has backed Dutch AI chipmaker Euclyd in a 200-million-euro Series A funding round, equivalent to $231 million. The investment comes amid growing interest in alternatives to Nvidia's graphic processing units for AI workloads. Euclyd CEO Bernardo Kastrup told CNBC that Somerset Capital

Senator Bernie Sanders criticized crypto billionaires on Sep. 13 for donating $97 million to British politician Nigel Farage's Reform UK party. The donations came from Ben Delo, co-founder of crypto derivatives exchange BitMEX, who contributed approximately $48.7 million, and Christopher Harborne, a

The USD-KRW 1-month NDF closed at 1,347.70 won (MID) in May 15 night trading, according to overseas brokers reporting to Yonhap Infomax. The rate represented a 0.85 won increase from the May 14 Seoul spot market close of 1,347.30 won after adjusting for the recent 1-month swap point of -0.45 won,

The USD-KRW exchange rate touched 1,350 won on September 15 for the first time in six trading days amid heightened inflation concerns, then reduced gains to close in the mid-1,340 won range. At 6am on September 15 in the forex market, the USD-KRW rate traded at 1,346.20 won, down 1.10 won from the p

Twenty-two South Korean life insurance companies recorded a 6.6% year-on-year decline in protection insurance new contracts to 69.5085 trillion won during the first half, while savings insurance new contracts rose 1.8% to 20.0622 trillion won, according to the Life Insurance Association. The shift o

South Korean construction companies recorded overseas orders of $14.77 billion in the first 8 months, a 60% decline compared to the same period last year, marking the lowest level since 2019. The decline occurred despite oil prices surpassing $100 per barrel, exceeding Middle Eastern oil-producing n

New York financial markets on May 14 (US Eastern Time) declined following news that Saudi Arabia's critical East-West pipeline ceased operations and leading artificial intelligence company executives urged slower AI development. The Dow Jones Industrial Average fell 0.29% to 52,421.20, the S&P 500 d

Swiss investment bank UBS raised its target price for General Motors (GM) stocks to $114 from $102 on the 14th (local time), maintaining a Buy rating, citing the automaker's undervalued software and artificial intelligence integration capabilities. The new target represents approximately 33%

Now IB Capital, a listed private equity fund operator, announced a 4-to-1 reverse stock split on the 15th following a board resolution the previous day. The consolidation reduces total shares from 94,929,950 to 23,732,487 and lowers capital from ₩47.85 billion to approximately ₩12.286 billion. The c

The Digital Chamber launched the TDC Convergence Forum currently taking place in New York. The event gathers industry leaders to engage in conversations about the integration of traditional finance with

Hewlett Packard Enterprise Co. (HPE) stocks dropped nearly 11% on Monday after Evercore ISI downgraded the technology infrastructure provider to In-Line from Outperform. The downgrade cited limited upside following a recent stock market rally and fewer near-term catalysts to drive additional

JP Morgan upgraded AI data center company IREN (NAS:IREN) by two levels from Underweight to Overweight on the 14th local time, according to CNBC. The investment bank raised its price target from $46 to $65, implying approximately 48% upside potential from the closing price on the 11th. JP Morgan

Lee Kyu-hong was appointed as the new Chief Investment Officer of South Korea's National Pension Service on May 14, assuming duties on May 15 for a two-year term renewable annually based on performance. The National Pension Service announced the appointment, placing Lee in charge of managing 1,866 t

Morgan Stanley initiated coverage on EchoStar (NASDAQ: ECHO), a network and satellite communications services company, with an Overweight rating and a $134 price target on the 14th (US local time), according to CNBC. Sean DeFleury, a Morgan Stanley analyst, stated that investing in EchoStar

Broadcom CEO Hock Tan on Monday reaffirmed the chipmaker's long-term AI semiconductor revenue targets, dismissing concerns about a potential slowdown in frontier AI model development. Tan's remarks came as Broadcom shares fell 4.8% following Anthropic CEO Dario Amodei's weekend essay advocating

Coinbase CEO Brian Armstrong drew a distinction Monday between tokenized equities backed by real securities and products that reproduce stock-price exposure through derivatives or debt. Armstrong stated that Coinbase has established a model for tokenized equities with real underlying shares held

Korea Investment & Securities recently launched special promotional promissory notes offering 365-day maturity at an annual rate of 4.9% and 181-day maturity at 4.7%, while Samsung Securities plans to introduce its first promissory note product next week in special promotion format. The

The US dollar strengthened for a third consecutive trading session, with the dollar index rising 0.377% to 99.490 as of 4 PM Eastern Time on the 14th. The currency gained support from rising international oil prices driven by Middle East instability, specifically Saudi Arabia's shutdown of its