Gate Cryptocurrency News and Market Analysis

The Trade Desk (TTD) shares tumbled more than 27% in premarket trading on Friday after the company reported second-quarter revenue of $715.1 million and adjusted earnings of $0.34 per share, both missing Wall Street estimates of $751.4 million and $0.40 respectively. The sell-off intensified after t

The US dollar declined against most major currencies except the yen in recent days as traders reduced expectations for two rate hikes by the Federal Reserve before year-end. The decline followed news on 6 August that Iran and Oman agreed to establish a shipping corridor through the Strait of

IxsFinance introduced a vault infrastructure designed to bring regulated yields from traditional financial assets onto blockchain networks, offering an alternative to the capital recycling model commonly used across decentralized finance. The approach seeks to establish a direct connection between t

Korean cable manufacturers are gaining attention as copper prices maintain strength, with London Metal Exchange (LME) electric copper 3M prices reaching $14,103.50 per ton as of the previous day. This marks the highest level since May 13, when prices hit $14,153.00 per ton. The rally stems from

Hong Kong stocks closed higher today, with the Hang Seng Index rising 137 points or 0.54% to 25,668 points, recovering from earlier losses after receiving support from A-shares despite weakness in US and broader Asia-Pacific markets. The index remains constrained by technical resistance at the 250-d

Hanwha Life, Heungkuk Life, and Korea Investment Holdings submitted final acquisition proposals for KDB Life Insurance by the 3 PM deadline on the 7th, marking the company's seventh sale attempt. Samsung Life and Kyobo Life, who participated in the preliminary bidding held in June, withdrew from the

SJ Investment Holdings acquired 9.74 million shares of Golfzon Holdings through a tender offer that settled on August 7, raising its combined stake with affiliates to 76.85% as the company pursues voluntary delisting. The tender offer ran from June 29 to August 5 with an offer price of 6,700 won

Hertz Global Holdings, Inc (HTZ) shares jumped nearly 20% in premarket trading on Friday after the rental-car company beat second-quarter earnings and revenue estimates. The company reported an adjusted loss of $0.11 per share, narrower than the $0.24 consensus loss, and revenue of $2.396 billion th

TRON has integrated its blockchain infrastructure with Uquidcard to enable three-second transaction settlements for ticket purchases, combining rapid payment confirmation with QR code ticket delivery. The integration leverages TRON's network capabilities—processing up to 2,000 transactions per secon

Kyochon F&B, operator of franchise chain Kyochon Chicken, disclosed on the 7th that its Q2 consolidated operating profit decreased despite revenue growth driven by major events. The company reported Q2 revenue of 132.3 billion won and operating profit of 7.8 billion won on a preliminary basis.

SK Hynix announced a quarterly dividend of 273.3 billion won through a disclosure on the 7th, paying 375 won per ordinary share. The announcement comes as shareholders have been demanding substantial returns from the company, which is expected to generate over 200 trillion won in operating profit th

SwitchOne, a global asset tech firm, recently hired Min Kyung-seop as Managing Director and established an internal trading team, the company announced on the 7th. Min, former head of Nextsecurities' FX management center, is recognized as one of South Korea's longest-serving forex dealers with

MyTrade founder Liu Zhou has been fined $10,000 by U.S. District Judge Angel Kelley after pleading guilty to conspiracy to commit market manipulation and wire fraud, according to the U.S. Attorney's Office for the District of

MetaMask launched Agent Wallet on August 6, 2026, a self-custodial cryptocurrency wallet designed to enable artificial intelligence agents to conduct autonomous on-chain trading without third-party control. The product allows users to automate digital asset trading while retaining custody of their f

OpenAI announced a partnership with the American Psychological Association (APA) to integrate psychological science and clinical expertise into the development and deployment of artificial intelligence tools for young people. The collaboration aims to produce evidence-based guidance, resources, and

Japan's Financial Services Agency and National Police Agency have jointly urged the Japan Cryptocurrency Exchange Association to implement new withdrawal restrictions on crypto exchanges to combat rising fraud. The request addresses increasing complexity of criminal methods, expanding damage to exch

Former Goldman Sachs investment banker Asante Kwaku Berko has been convicted on all counts in a foreign bribery and money laundering case involving more than $1 million in payments connected to a Ghanaian power project. The U.S. Attorney's Office for the Eastern District of New York announced that a

Sandisk (SNDK) and Western Digital (WDC) suffered sharp post-earnings declines this week as elevated expectations eclipsed robust AI demand, stronger pricing and upbeat guidance. After sliding on Wednesday and Thursday around their earnings reports, SNDK is up 4% for the week, while WDC has

The Korean government announced a 2026 tax reform plan on the 3rd that eliminates the contribution limit carryover system for ISA (Individual Savings Account) and caps the contract period at 5 years. The Ministry of Economy and Finance's reform package ends the previous practice allowing investors t

US space and aerospace exchange-traded funds (ETFs) holding SpaceX declined sharply after the company's stock fell below its initial public offering (IPO) price of $135 following its June listing. SpaceX dropped 14% on August 5 after releasing second-quarter earnings, reaching a 52-week low of $108.