Gate Cryptocurrency News and Market Analysis

NVIDIA increased its market capitalization by $442 billion in a single day on May 27 (local time), as the company's stocks rose 8.7% to close at $227.98. The surge followed NVIDIA's announcement of a fiscal 2028 revenue growth forecast of approximately 70%, significantly exceeding Wall Street's 45%

The South Korean government announced a debt relief program for self-employed individuals and small business owners burdened by loans taken during the COVID-19 pandemic. Financial public institutions will write off debts overdue for more than 20 years with no realistic repayment prospects, while

SK Hynix held a groundbreaking ceremony on May 27 local time at Purdue University in West Lafayette, Indiana. The facility, requiring over $4 billion investment, will become the United States' first high-bandwidth memory (HBM) production base. Mass production of next-generation HBM is scheduled to b

The won-dollar exchange rate is forecast to fluctuate around 1380 won on May 28 ahead of Kevin Warsh Fed Chair's Jackson Hole speech scheduled for the evening. Overnight NDF 1-month contracts closed at 1381.7 won, implying a 1.05 won rise from the previous close of 1380.9 won. The speech content on

Robinhood added Ethereum and Solana tokens to its trading platform, expanding crypto trading options for retail users. The move responds to sustained retail demand for broader token access and competitive pressure from rivals like Morgan Stanley and SoFi, which have also expanded their crypto

Dunamu, the operator of South Korea's Upbit cryptocurrency exchange, and global payment giant Visa announced a strategic partnership on May 27 (Korean time) / May 26 (local time) to develop stablecoin-based payment and global remittance services. The collaboration aims to expand real-world use

SanDisk and Kioxia announced a joint investment of 5 trillion yen over six years, with Kioxia CEO Ota Hiroo revealing the plan the previous day. Daesin Securities characterized the investment as a large-scale expansion beyond existing production capacity, signaling expectations of a prolonged NAND f

Yuanta Securities raised its target price for S-Oil to 205,000 won from 175,000 won on May 28, citing stronger-than-expected refining industry conditions and second-half performance momentum. The brokerage attributed the upward revision to sustained high refining margins driven by global petroleum p

The Bank of Korea raised its base rate from 2.75% to 3.00% on the 27th, marking the second consecutive monthly increase following a July hike. Governor Shin Hyun-song stated the back-to-back rate increase reflects the central bank's commitment to preemptive tightening, using the Korean proverb

Samsung Biologics announced a 3 trillion won rights offering to fund its acquisition of Swiss PolyPeptide Group. The deal represents the largest pharmaceutical and biotechnology merger and acquisition in South Korea. The company will issue 2.27 million new shares at 1.322 million won per share, repr

Korean government bond futures declined in overnight trading on May 28, tracking weakness in US Treasuries. The 3-year Korea Treasury Bond (KTB) futures contract closed down 4 ticks at 103.47, while the 10-year contract fell 7 ticks to 106.26, according to Seoul bond market data. The declines

Raymond James analyst Simon Leopold raised NVIDIA's price target from $352 to $550 on the 28th, according to Yahoo Finance. The new target represents a 141% upside from the closing price of $227.98 (+8.74%) on the 27th. Leopold cited NVIDIA's FY2028 guidance projecting 70% revenue growth and the acc

Shinsegae Group established two new corporations on May 30 and August 12 to pursue artificial intelligence data center (AIDC) business as a future growth engine under Chairman Jung Yong-jin. SSG AI KOREA and SSG AI DC were created to handle investment, subsidiary management, and data center

DSC Investment formed its largest fund to date in September, seven months ahead of the government's National Growth Fund first-round application deadline in April. The venture capital firm closed Homerun Fund No. 2 with total commitments of 347 billion won during a period when expectations for

SK Telecom established SK Horizon, a dedicated AI data center operating entity, on the 28th through a spin-off of its wholly owned subsidiary SK Broadband, while securing 3.08 trillion won in external funding from global private equity firm KKR and the IMM Investment-Stonebridge Capital

Marvell Technology (NAS:MRVL) reported fiscal year 2027 second quarter earnings on the 27th (US local time) that exceeded estimates, but the stock fell over 5% in after-hours trading. The semiconductor company posted revenue of $2.739 billion for the May-July period, up 37% year-over-year and 13% qu

Samsung Electronics was identified as the primary beneficiary of China's AI data center investment expansion by KB Securities on the 28th, according to a report by Edaily. Kim Dong-won, Head of Research at KB Securities, stated that global AI data center investment will unfold as a duopoly with the

Trump Media dropped its Truth Predict prediction market platform in 2026, replacing the original buildout plan with a marketing partnership with Crypto.com. Interim CEO Kevin McGurn stated the prediction-market industry has become a 'pretty crowded space with established companies,' prompting the co

NH Investment & Securities on May 28 lowered its target price for Samsung Heavy Industries by 6% to 32,000 won while maintaining a 'Buy' investment rating. Analyst Jung Yeon-seung reduced the long-term growth rate from 1.0% to 0.5% and adjusted the target price-to-book ratio (PBR) to 3.4x,

CrowdStrike CEO George Kurtz stated Thursday on CNBC's Mad Money that the rapid rise of artificial intelligence is exposing gaps in corporate cybersecurity defenses and making older security tools increasingly inadequate. The appearance came one day after the company reported strong earnings that se