Gate Cryptocurrency News and Market Analysis

The Internal Revenue Service issued a fraud alert on July 30 about fake letters targeting cryptocurrency holders, warning of sophisticated impersonation schemes directing recipients toward a fraudulent 'Digital Asset Compliance Portal.' The counterfeit letters contain QR codes leading to websites de

The Energy Regulatory Commission (ERC) ordered Manila Electric Company (Meralco) to refund P9.51 billion to more than eight million customers after determining the power distributor overcollected revenue during 2025, with the decision made public on Sunday, August 2. The overrecovery resulted from a

The Korean KOSPI stock index entered the final phase of historic volatility during the week of July 27-31, closing at 6595.45 on July 31, down 95.17 points or 1.42% from the previous week's close of 6690.62, according to Korea Exchange data released August 2. The transition followed

Korea Exchange announced 5 new exchange-traded funds (ETFs) will list on the securities market on 오는 4일. The funds feature AI and semiconductor-focused investments from Samsung, Hanwha, DB, NH Amundi, and Woori asset management firms. The lineup includes 3 passive ETFs and 2 active ETFs targeting domestic and international companies positioned to benefit from AI and semiconductor demand. The exchange cautioned that operating costs and constituent changes may cause performance to diverge from und

High-net-worth investors with account balances exceeding 10 billion won purchased 243.6 billion won of SK Hynix and Samsung Electronics stocks during July 24-30, according to Korea Investment & Securities data released on August 2. The purchases followed record quarterly earnings from both

Sung Sang-hyun, deputy director of the Korea Federation of SMEs, advised investors against hasty selling of semiconductor stocks during his August 1st appearance on YouTube channel '머니인사이드', following last month's sharp decline in semiconductor stocks. Sung stated the volatility stems from Samsung E

Korean food, gaming, and biotech exchange-traded funds outperformed during the week of July 24-31 as domestic Korean stocks declined sharply. NH-Amundi Asset Management's HANARO Fn K-Food ETF rose 3.88% to lead Korean stock fund weekly returns, according to fund evaluator KG Zeroin. The decline in K

Samsung Electronics' foreign ownership ratio dropped to 46.5%, marking the lowest level since 2010, according to Hana Securities Research Center. As of last month end, Samsung's weighting in the MSCI Emerging Markets Index stood at 6%, down 2 percentage points from the June peak of 8%, while TSMC's

The KOSPI index recovered above 6000 on Jan 31, closing at 6595.45 after falling below that threshold on Jan 29 and reaching 5593.56 on Jan 30. Institutional investors net bought 4.16 trillion won during the week ending Jan 31, offsetting net selling of 2.69 trillion won by retail investors and 1.49

Dawonsys, a railway vehicle manufacturer listed on the Korea Exchange, received a delisting decision from the Korea Exchange Corporate Review Committee on the 27th of last month and has begun preparing an appeal. The company plans to obtain court approval to appoint a law firm and pursue

Two companies are conducting initial public offering (IPO) subscriptions on the KOSDAQ market during the week of August 3-7, with four additional companies scheduled for demand forecasting processes. Fashion B2B platform operator Delicious set its offering price at KRW 7,000 after receiving

KOSDAQ market daily average trading volume fell to 6.1161 trillion won last month, the first time this year it dropped below 10 trillion won, according to Korea Exchange data released on the 2nd. The decline represents a 38.92% decrease from the previous month's 10.0129 trillion won and a 60.75%

Korean exchange-traded funds focused on humanoid robots and AI software posted gains of approximately 4% during the last week of July, while solar energy and AI power infrastructure ETFs declined by double digits, according to Korea Exchange data released on August 2. The performance reversal

The Seoul Metropolitan Police Agency announced July 30 that investigators had arrested three suspects accused of operating a fraudulent XRP investment platform, according to Korean newspaper Chosun. Authorities allege the group collected approximately 3.4 million XRP (valued at 12.3 billion won)

Hyperliquid, a global decentralized exchange (DEX), experienced over $80 million in liquidations of SK Hynix perpetual futures on July 28 at 8:01 AM Korean time, triggered by a single share of SK Hynix stock traded on South Korean alternative trading system (ATS) NXT. The SKHYNIX perpetual futures p

Digital asset manager Grayscale called on Senate leaders to bring the CLARITY Act to a floor vote before the August recess on July 31. The request was outlined in a letter to Senate Majority Leader John Thune (R-SD) and Senate Minority Leader Chuck Schumer (D-NY) as the remaining legislative

Amazon reported Q2 revenue of $200.61 billion, marking the first time quarterly revenue exceeded $200 billion, while Amazon Web Services (AWS) revenue grew 36.7% year-over-year and operating profit contribution reached 61% of total company operating profit despite representing only 21% of revenue.

The National Pension Service serves as the foundational retirement income source for Korean workers, providing lifelong payments to those with 10 or more years of enrollment. The pension system incorporates income redistribution that favors lower-income contributors while adjusting benefits for