Gate Cryptocurrency News and Market Analysis

The Bank of Korea is revising its potential growth rate estimates, a process that could influence the Korean won's valuation over the medium to long term. The central bank previously estimated potential growth at an average of 2.0% for 2024-2026 in December 2024, citing declining working-age

SK Telecom's stock price climbed on the 24th at 2:13 PM, according to Korea Exchange data, as US artificial intelligence company Anthropic — in which SK Telecom holds an equity stake — advanced plans for what is described as the largest-scale initial public offering to date. The stock movement

Kang Ho-jun, CEO of education company Daekyo, purchased over 315 million won worth of company shares over 5 consecutive trading days from the 5th to the 11th, according to Financial Supervisory Service disclosures on the 24th. The purchases occurred exactly 5 days before the deadline for potential m

The Responsible Fintech Institute and crypto custody infrastructure provider Safeheron announced Monday a pilot program testing quantum-resistant infrastructure for digital asset wallets and onchain transfers, with participation from banks and financial regulators across Europe, the Middle East and

The Philippines' Department of Energy announced fuel price increases starting August 25, with gasoline rising by P1.08 per liter, diesel by P2.31 per liter, and kerosene by P0.95 per liter. The adjustments were disclosed during a press conference on August 24. The increases stem from global crude pr

LS ELECTRIC secured an expanded contract worth approximately ₩230.9 billion to supply power infrastructure equipment for an AI data center to a North American big tech company, the company disclosed on the 24th. The contract value more than doubled from the original ₩106.4 billion agreement signed i

Pakistan's Virtual Assets Regulatory Authority (PVARA) opened its licensing portal after notifying regulations for crypto exchanges and VASPs. Companies providing virtual asset services on or before March 5 must submit an application for a no-objection certificate (NOC) by Sept. 5 or cease

South Korean Finance Minister Park Hong-geun stated on August 24 that surplus tax revenue does not have to be deposited into the Future Response Fund. Park made the remarks during a comprehensive policy inquiry at the National Assembly Budget and Accounts Special Committee, responding to concerns

KB Securities underwrote the full 40 billion won issuance of Donghwa Enterprise corporate bonds in June, marking the third consecutive year the securities firm has served as lead underwriter despite institutional investors' complete withdrawal from the deal. Institutional orders for Donghwa Enterpri

Bitcoin fell below $76,000 over the weekend as traders took profits following a rapid rally. BTC dropped to an intraday low around $75,600 on August 23 before recovering above $77,000 later in the session, representing a decline of roughly 5% from the nearly $79,500 high reached during the

Iran threatened to target US private oil companies operating in the Middle East on the 23rd (local time), marking the first time Tehran has explicitly named civilian energy firms as potential attack targets. Mohsen Rezaei, Secretary of Iran's Supreme National Security Council, stated the threat

Robinhood Markets Inc. CEO Vlad Tenev responded to Tesla and SpaceX CEO Elon Musk's Mars 'prophecy' over the weekend with his own science fiction reference. Tenev posted on X that Kim Stanley Robinson's Mars Trilogy features a character named Vladimir 'Vlad' Taneev, portrayed as one of the

SK Hynix stated on the 24th that the company is reviewing various options including construction of additional production bases to strengthen memory business competitiveness, but nothing has been confirmed. The statement came in response to reports that SK Hynix is pursuing memory semiconductor

South Korean cryptocurrency exchange Upbit recorded approximately 1.15 trillion won, or $830 million, in trading volume within a single hour on August 22. The surge occurred during the hour beginning around 5:00 a.m. UTC, according to market data cited by Wu Blockchain. Sharp market volatility

Hyperliquid's Builder Codes ecosystem processed $984 million in daily perpetual futures trading volume on August 21, marking an all-time high for trades carrying Builder Codes according to Blockworks Research data cited by Wu Blockchain. The record volume was routed by external applications

US President Donald Trump purchased shares of crypto-related brokerage Robinhood (HOOD) in June while selling shares of Coinbase (COIN) and Strategy (MSTR), according to a periodic trading report disclosed by the US Office of Government Ethics (OGE) on the 20th local time. The OGE Form 278-T

The Sandbox contained a cross-chain bridge security breach on August 22 that allowed attackers to mint enormous quantities of unbacked SAND on Base and BNB Smart Chain, prompting major cryptocurrency exchanges to restrict transfers. Initial on-chain alerts showed more than 500 million SAND had

The U.K. government announced on Aug. 18 that a London court had wound up Key Coin Assets Ltd. a week earlier. An investigation by the Insolvency Service found no evidence the company conducted any of the crypto trading it advertised, while nine investors who reported to Action Fraud paid the firm o