Gate Cryptocurrency News and Market Analysis

According to the “May 2026 Supplementary Survey of the Economically Active Population of Older Adults” released by South Korea’s Ministry of Data and Statistics (MODS) on August 5, the number of employed people aged 55–79 reached 10.13M in May, an increase of 345k from a year earlier and accounting for 34.8% of the total employed population. In other words, more than one-third of employed people were aged 55 or older. However, during the same period, South Korea’s total employment fell by 40k fr

SanDisk (NASDAQ: SNDK) shares fell approximately 4% in after-hours trading on Aug. 5 after the company issued fiscal Q1 revenue guidance of $10.3–10.8 billion, below the analyst consensus estimate of $11.16 billion. Fiscal Q4 results exceeded expectations, with revenue of $8.79 billion versus the expected $8.64 billion. SanDisk Fiscal Q4 Results vs. Q1 Guidance According to SanDisk’s latest earnings report, the key financial figures for fiscal Q4 and the fiscal Q1 guidance are as follows: Q4 Act

On August 5, 2026, Alphabet (GOOL) experienced sharp market-cap turmoil. GOOL shares fell more than 7% intraday before closing at $360.13, down 4.03%. Based on a total market cap of approximately $4.43 trillion, nearly $190 billion in market cap evaporated in a single day. The direct trigger for the plunge was a sudden leadership reshuffle at Google DeepMind: Nobel laureate and DeepMind CEO Demis Hassabis announced that he would step down from day-to-day operating duties, while Jeff Dean, Google

Western Union (NYSE: WU) stock is drawing market attention after the company announced on Aug. 5 that it had partnered with stablecoin infrastructure provider Rain to launch “Stablecard,” a stablecoin payment product that combines a digital wallet with a Visa card and uses the U.S. dollar stablecoin USDPT on the Solana blockchain. The initial rollout is available in 37 markets, with the goal of expanding to more than 60 markets by year-end. Stablecard Features: USDPT Digital Wallet with Visa Wes

A survey by the Korea Housing & Urban Research Institute found that the August metropolitan area apartment pre-sale outlook index fell 14.0 points to 88.5. The decline was driven by increased funding burdens from interest rate hikes and stricter loan regulations including LTV tightening in some

Shopify (NASDAQ: SHOP) shares surged approximately 26% in premarket trading after the release of its Q2 2026 results. Overall Q2 results beat market expectations across the board: revenue was $3.58 billion, up 34% year over year; GMV was $115.57 billion, up 32% year over year. Management issued Q3 2026 guidance, projecting a growth rate of approximately 30% or more, higher than the growth expectation of over 20% last quarter. Overview of Shopify's Key Q2 2026 Financial Metrics According to a rep

Kakao announced a partnership with Coupang Eats during its Q2 earnings conference call on the 6th, marking the first vertical integration for its agentic AI platform. CEO Jung Shin-ah stated that food delivery will be the initial service connected to Kakao's AI agent, with both companies

The US Treasury's intervention to purchase Japanese yen, while officially aimed at stabilizing a key ally's currency, effectively underpinned Wall Street's record-breaking rally, The New York Times reported on the 5th (US local time). The S&P 500 index reached an all-time high following the

Anthropic said in an official statement to Business Insider that it is building an internal team dedicated to chip design and developing custom chips to enable Claude to “run faster and more efficiently to meet customer-scale demand.” The company is also hiring a chief silicon engineer and for multiple chip engineering positions, with salaries ranging from $320k to $485k. Anthropic Builds Internal Chip Design Team to Co-Develop Hardware with Partners An Anthropic spokesperson said in an official

CNBC reported on August 5 that Democratic Senator Elizabeth Warren had sent a letter to the Commerce Department demanding an explanation for why the department eased AI chip export controls on the UAE, arguing that the timing was “too coincidental” given the UAE’s two major investments in the Trump family-linked crypto project World Liberty Financial (WLFI). The UAE’s Two Investments and Their Links to the Trump Family’s Crypto Business The two transactions Warren identified in her letter direct

BTIG analyst Jonathan Krinsky warned current US stock patterns match the 2000 dotcom bubble peak, according to a CNBC report on local time. The S&P 500 rose over 5% in four days while hitting a 52-week high—a pattern seen only three times in 30 years: April 23 1999, March 21 2000, and

SK Hynix stocks dropped over 9% in early trading, while the KOSPI index fell as much as 5%. At 10:29 AM, the KOSPI traded at 6245.73, down 5.35% from the previous session. The decline followed pre-market trading on Nexttrade where 11 shares of SK Hynix were executed at the lower limit of 1,168,000 w

Sam Blackshear, co-founder and chief technology officer of Mysten Labs, announced he will step down to join Anthropic to work on defensive security research. Blackshear cited his motivation to pursue hands-on technical work in new problem domains and stated he is driven to work on security as the

Western Digital (NASDAQ: WDC) stock fell 5.10% at the close on August 5, underperforming the Technology Equipment sector. Key factors weighing on the stock included NAND flash memory supply catching up with demand, growing concerns about a cyclical peak, and uncertainty over the allocation of approximately $13 billion in total debt between the two entities amid the ongoing spin-off of the flash memory and hard drive businesses. WDC Fell 5.10%, While the Technology Equipment Sector Fell 0.03% Wes

The U.S. Attorney’s Office for the Southern District of New York indicted Taj Tarsha, founder of NFT startup Few and Far, in August on charges including securities fraud and wire fraud. The indictment alleges that Tarsha raised more than $10 million from at least 67 investors through the sale of Simple Agreements for Future Tokens (SAFTs) and misappropriated the funds for personal use. Indictment Alleges Funds Were Misappropriated for Online Casinos, Crypto Speculation, and a Miami Home Purchase

Gaon Cable secured a power cable supply contract worth approximately 60 billion KRW with Singapore's Land Transport Authority (LTA). The deal marks the company's first contract following its vendor registration with the LTA last year. The cables will be supplied for Singapore's MRT (Mass Rapid Trans

Seoul's apartment auction market maintained a success rate above 100% for the fourth consecutive month in July, according to a report released on August 6 by Jiji Auction. The July success rate reached 101.0%, down 0.7 percentage points from June but continuing the strong performance trend. The

Russian President Putin has signed a new law formally establishing a regulatory framework for Russia’s digital currencies and digital rights. According to a TASS report dated August 5, the new law allows only registered entities to operate exchanges, while retail investors may trade only more liquid cryptocurrencies, subject to an annual trading limit of 300k rubles (approximately $3,700). Qualified investors are not subject to this restriction. Core Provisions of Russia’s New Cryptocurrency Law

LG Uplus announced on the 6th that it recorded Q2 2026 consolidated revenue of 3.6949 trillion won and operating profit of 344.5 billion won, surpassing securities firm consensus estimates of 3.8952 trillion won in revenue and 316.9 billion won in operating profit. The operating profit increase of 1