Gate Cryptocurrency News and Market Analysis

Kakao is forecast to report Q2 operating profit growth despite flat revenue, driven by business portfolio restructuring. Securities analysts project Q2 revenue of 2.0381 trillion won and operating profit of 218.9 billion won, representing year-over-year increases of 0.48% and 17.77% respectively,

South Korea's National Pension Service achieved a 26.18% return as of the end of May, reaching total assets of 1,848.7 trillion won, but subsequently faced significant evaluation losses after delaying portfolio rebalancing during a market peak. The pension fund postponed mechanical selling of

Shinhan Investment & Securities analyst Kim Sung-hwan stated that yen-carry trade unwinding concerns emerged as a new market issue after the dollar-yen exchange rate dropped sharply last week under US-Japan coordination. Kim explained the unwinding pressure represents the final stage of the

The Korean exchange-traded fund market contracted sharply in July as single-stock leveraged ETFs sparked regulatory intervention amid heightened market volatility. Total net assets of domestically listed ETFs fell from 500 trillion KRW to the 430 trillion KRW range during the month, while single-sto

CNBC's Jim Cramer on Monday said Wall Street's basket trades during the Iran war are distorting stock prices and creating buying opportunities for investors. The 'Mad Money' host argued that traders have increasingly grouped stocks into baskets that rise or fall together based on broad themes

Hugging Face CEO Clement Delangue told CNBC on Monday that China is winning the artificial intelligence race, pointing to China's dominance in open-weight models that publish underlying code for public use. The remarks follow an incident last month when a rogue OpenAI agent hacked Hugging Face

The South Korean government announced a tax reform raising the basic deduction for single-home households under the comprehensive real estate tax to 1.4 billion won, yet simulations show owners of mid-to-high-priced apartments under 3 billion won in transaction value face increased tax burdens

Truist upgraded its investment rating on Corning (NYS:GLW), a manufacturer of optical sensors and specialty glass, from Hold to Buy on the 3rd (US local time), citing an attractive entry opportunity following recent stock price corrections, according to CNBC. Analyst Matthew Nicknam stated the

South Korea's National Data Office announced on August 4th that the country's consumer price index (CPI) rose 2.8% year-over-year in July 2026, marking a return to the 2% range after two consecutive months in the 3% territory. The decline from June's 3.2% increase was driven by petroleum prices

SpaceX's nominal short interest reached approximately $236 billion, surpassing Tesla's short interest of approximately $220 billion, according to S3 Partners data released on the 3rd local time. The surge in bearish positions comes ahead of the

The 30-year Treasury yield closed at 5.27% on July 31, its highest level in 19 years, while the 10-year yield reached 4.75%, its highest since January 2025, according to Federal Reserve Economic Data. The increases followed the Federal Open Market Committee's July 29 decision to hold its policy

Investor Michael Burry, known as the real-life protagonist of the film 'The Big Short,' warned that investment funds using volatility-targeting strategies could trigger a sharp decline in US stocks. In a recent Substack post, Burry stated that automated trading by volatility-following funds could

Zcash (ZEC) surged nearly 5% past $490 on the afternoon of Aug. 3 following Nym's adoption of Zcash's Ironwood shielded pool for its network services. The rally saw ZEC recover from just over $470 recorded at 4:10 a.m. EST to a session high just short of $494 during a six-hour rally. The surge was t

UCLA researchers launched an OnlyFans account called OnlyMarms to support a yellow-bellied marmot research project that has tracked the animals in Colorado since 1962, after traditional research funding became harder to secure. Professor Daniel Blumstein said the idea emerged as research funding

Amazon Web Services CEO confirmed that AI business revenue is clearly trackable, citing infrastructure bookings extending through 2028 and five-year customer contracts. The statement came as Amazon raised its capital expenditure to $220 billion, addressing investor concerns about the scale of AI inf

Retail investors in Korean stocks saw their trading influence in KOSPI rapidly decline as sentiment weakened. In early this year, individual investors accounted for nearly 50% of trading volume by absorbing foreign sell-offs, but in July their share dropped to the low 30% range. According to Korea

SK Hynix faces investor attention regarding potential shareholder return announcements following its July 10 (local time) American Depositary Receipt listing on Nasdaq, with US Securities and Exchange Commission restrictions on new disclosure ending after August 4 night Korea time. The timing

The Ukrainian military began receiving AI-upgraded Shrike drones in mid-July from Ukrainian company SkyFall equipped with autonomy technology developed by US company Auterion. The companies plan to deliver 50,000 drones with Auterion's Skynode S strike kits in the coming months. The AI system