Gate Cryptocurrency News and Market Analysis

South Korea will implement a 22% tax on cryptocurrency investment gains exceeding 2.5 million won starting in 2027, according to the financial investment industry on the 28th. The tax applies to crypto assets sold or lent from January 1 next year, with the first tax filing scheduled for May 2028. Th

Wall Street investment banks raised NVIDIA stock price targets following strong earnings, with Bank of America setting the most aggressive forecast at $350. The upgrades came as analysts cited revenue growth projections of approximately 70% for next year, significantly exceeding market

Korean retail investors withdrew 4.95 trillion won from cash management accounts (CMA) over a three-month period ending May 26, redirecting funds into stock purchases despite significant market volatility. During the same timeframe, CMA account numbers increased by 177,343 to reach 40,018,174,

South Korean financial regulators raised the minimum cash deposit requirement for single-stock leveraged exchange-traded fund (ETF) trading from 10 million won to 30 million won one month after the products launched on May 27. The regulatory tightening followed a trading frenzy that saw daily

US stock indexes rose on August 27 (local time) as NVIDIA's significantly upwardly revised revenue forecast eased concerns that the artificial intelligence boom had ended. NVIDIA shares surged 8.74% to 227.98 after the company projected fiscal 2028 revenue growth of approximately 70%, far

Bernstein analyst Gautam Chhugani cut the price target on Strategy (Nasdaq: MSTR) stock from $450 to $350 on Aug. 25 while keeping an 'Outperform' rating. The analyst attributed the 22% target reduction to his updated

Matthew Sigel, head of digital asset research at VanEck, distinguished Bitcoin's political risk from that of altcoins in a CNBC interview on Aug. 26, stating that Bitcoin remains resilient under a Democratic administration while 'the rest of cryptos might have a problem.' Sigel argued that Bitcoin's

US Treasury yields rose slightly on August 27 (US Eastern Time), with the 10-year note climbing 0.80 basis points to 4.6720% as of 3pm. Oil prices surged after reports indicated the Trump administration repeatedly told mediators it has no interest in returning to the June ceasefire memorandum of

Symtek, a module substrate manufacturer, saw its stock close at 126,900 won on the 27th, rising 14,200 won or 12.60%, following a major facility investment announcement. The company disclosed on the 25th a 274.2 billion won investment decision to expand production capacity for SoCAMM memory module s

Sparrow Wallet released version 2.5.4 on Thursday following an AI-assisted code review that produced most of the update's security fixes, developer Craig Raw told Decrypt. The review was prompted by the release of unrestricted Chinese AI models and new capabilities to search large codebases for

The Bank of Korea raised its base interest rate from 2.75% to 3.00% on the 27th at 9:50 AM, marking the first back-to-back rate increase in 3 years and 7 months since the April 2022-January 2023 tightening cycle. KOSPI closed at 6912.27, up 104.16 points (1.53%), but failed to break the 7000 level a

Lee Hyuk-jin, Deputy General Manager at NH Investment & Securities Asset Management Consulting Division, predicted another stock market correction in September during a financial seminar on August 26 at Daegu Grand Hotel. Lee stated foreign investors sold 180 trillion won worth of securities in the

Marvell Technology delivered a record fiscal second-quarter, beating revenue and earnings estimates as spending on artificial intelligence infrastructure boosted demand for its networking, connectivity, and custom silicon products. The chipmaker reported revenue of $2.739 billion, up 37% from a

Grayscale Research argued that the privacy-focused cryptocurrency Zcash (ZEC) is currently undervalued and possesses characteristics that could challenge Bitcoin's (BTC) market share in the long term. The investment firm stated that Zcash offers users broader financial privacy options compared to Bi

Foreign investors net bought 133.3 billion won in KOSPI stocks on August 27, reversing a 4-day selling streak during which they offloaded 7.7739 trillion won from August 21 to August 26. The shift coincided with a decline in US long-term Treasury yields and NVIDIA's announcement of its 13th

South Korean savings banks and mutual financial cooperatives reported significant profit growth in the first half of 2026, according to preliminary results released by the Financial Supervisory Service (FSS) on May 28. Savings banks recorded net profit of 765.8 billion won during the period,

Hyundai Motor Company raised its 2030 operating margin guidance to above 9% at the CEO Investor Day on the 26th, but two securities firms lowered their target prices between the 26th and the 27th, citing slow progress in robotics and autonomous driving. Samsung Securities cut its target

US and Iranian officials exchanged hardline statements on the 27th as oil prices rose for the first time in four trading sessions, with West Texas Intermediate (WTI) crude climbing $1.30 to $83.53 per barrel. The White House stated no negotiations are currently underway with Iran, while Wall

OpenAI introduced an agentic browser capability for ChatGPT Work on August 25, allowing the AI assistant to complete tasks on login-required websites while users step away. Users enter credentials once through a login screen surfaced by ChatGPT, after which the agent continues working and the

Elon Musk's xAI faces a lawsuit filed Wednesday alleging the company trained its Grok AI models on child sex abuse materials (CSAM). Plaintiff Jane Doe claims the Canadian Centre for Child Protection (CCCP) notified her that AI-generated CSAM depicting her was identified on xAI's platform. The