Gate Cryptocurrency News and Market Analysis

South Korean crypto investors and exchanges face a 22% income tax starting January next year, as transaction volumes fell 44% and exchange operating profits dropped 78% in the first half, according to a survey by the Financial Intelligence Unit (FIU) and Financial Supervisory Service (FSS). The tax

Korean nuclear power companies are positioned to participate in a large-scale US investment framework following government agreements on nuclear plant construction. NH Investment & Securities analyst Lee Min-jae stated that domestic company participation in Westinghouse's AP1000 units among the 8 la

DFI token experienced a sharp decline of 13.85% in just five minutes today, dropping from $0.00065135 to $0.00056114. The rapid price movement occurred amid significant selling pressure and thin market liquidity, with a 24-hour trading volume of only $610.72 against a market cap of $517,455. This st

South Korea's National Pension Service (NPS) reduced its stakes in Samsung Securities, Mirae Asset Securities, and Kiwoom Securities by over 1 percentage point each, according to mass shareholding reports submitted on the 3rd. The pension fund decreased Samsung Securities holdings from 13.41% to 12.

South Korea's token securities infrastructure restricts transfers between distributed ledgers after issuance, according to guidelines from the Financial Services Commission policy direction released last month. The restrictions prevent duplicate recording of securities across multiple ledgers and en

Elice Group will conduct a public IPO subscription on October 7 and 8. The AI full-stack company completed institutional demand forecasting from the 23rd of last month to the 1st of this month, with an offering price band set at 70,400-90,500 won. Mirae Asset Securities serves as the lead

OKEX, a major cryptocurrency exchange, transferred 684 BTC valued at approximately $58 million to an unknown wallet. The transaction was flagged by social media account @whale_alert, which monitors large cryptocurrency

Over 20 companies are preparing initial public offerings (IPOs) in South Korea's fourth quarter as securities firms compete for underwriting mandates. Daishin Securities is underwriting semiconductor equipment maker Melcon while Mirae Asset Securities handles Elice Group's offering targeting a 1

Korean brokerage stocks experienced a sharp decline in the second half after leading the KOSPI rally in the first half. The KRX Securities Index closed at 1790.06 on the 2nd, marking an 18.02% cumulative decline (393.60 points) in the second half. The downturn was driven by a 42% drop in

Korean stocks investors are increasingly adopting dollar-cost averaging strategies as the KOSPI crossed 7000 on October 2, closing at 7003.74 after volatile swings. The index reached 9114.55 on June 22 before dropping to 6838.04 on the 30th of last month—a 25% decline from its peak—then

Global private equity firms TPG, Carlyle, and Affinity Equity Partners have acquired major stakes in Korean rental companies, with TPG expected to complete its 1.3105 trillion won purchase of Lotte Rental's 61.2% controlling stake this month, following Carlyle's 1 trillion won acquisition of

Ellis Group confirmed its offering price on the 6th and began subscription on the 7th-8th, marking the busiest IPO week in Korea's October calendar despite holidays on the 5th (substitute holiday) and 9th (Hangeul Day). The AI education and cloud service provider offered 2.222 million shares at a pr

South Korea's financial system will implement a token securities system in February, enabling stocks, bonds, and funds to be issued and managed using blockchain technology. The new framework expands the scope of tokenized financial products beyond fractional investments in assets like art and real e

The Central Bank of the Russian Federation has published for public discussion a directive establishing a RUB 300,000 limit on cryptocurrency purchases by unqualified investors through a broker during one calendar year. Under the directive, such investors will only be able to purchase Bitcoin, Ethereum, and Tether (USDT). The regulator justified this decision by the need to protect unqualified investors from sharp and unpredictable fluctuations in cryptocurrency prices, selecting only the most l

KB Securities analyst Im Jae-gyun forecasted that South Korean interest rates will stabilize downward by year-end as the three factors that drove first-half rate increases have largely been exhausted. In a report released on October 4, Im identified growth expectations, inflation concerns, and

GS Caltex and other South Korean refiners are gaining prominence as global petroleum product supply disruptions intensify. While Middle East crude oil exports have recovered to 17.5 million barrels per day—98%

South Korea's KOSPI closed at 7003.74 on the 2nd, up 0.46% from the previous session, narrowly holding above the 7000 threshold amid cautious foreign buying ahead of a holiday. The index faces direction-setting factors this week, including Samsung Electronics' Q3 preliminary earnings scheduled for t

LIG Defense & Aerospace, Hanwha Systems, Hanwha Aerospace, and M&C Solution participate in the production of South Korea's Cheongung-II and L-SAM missile defense systems, according to an October 4 defense industry report. Interest in the domestic air defense architecture has intensified following

The U.S. Securities and Exchange Commission (SEC) announced on the 1st (local time) a proposed rule clarifying crypto custody standards for registered investment advisors and regulated funds, including provisions to allow self-custody under certain conditions. The proposal aims to lower barriers for

South Korean ETF investors directed record inflows to US index funds and money market products over the past month, yet the highest returns came from domestic KOSDAQ technology and semiconductor stocks. According to ETF CHECK data released on the 4th, the top fund inflow recipient was KODEX Money