Gate Insights and Crypto Market Analysis

On July 28, 2026 (Beijing time), SK hynix’s U.S. depository receipt (ADR) closed at $143.02, down 7.47% on the day. During the session, it plunged as much as 10% to $139.01. That record IPO—priced at $149 and raising $26.5B—was declared to be trading below the issue price less than a month after listing. This price action is not an isolated event. The Philadelphia Semiconductor Index (SOX) fell 2.23% that day, extending the recent downtrend

Seoul forex market dealers forecast the USD/KRW exchange rate to fluctuate around the mid-1,460 won range on May 28. International oil prices continued declining after the US and Iran halted airstrikes over the weekend, though investor sentiment contracted again centered on semiconductors. Dealers e

Cross River announced on July 28 that it will provide banking infrastructure services for X Money. X Money is a financial services platform integrated into X (formerly Twitter) that enables peer-to-peer (P2P) payments, interest-bearing accounts insured by the Federal Deposit Insurance Corporation (FDIC), and a Visa debit card. The three financial services Cross River will provide for X Money According to Cross River’s announcement, the specific banking infrastructure services provided for X Mone

Foreign investors sold Korean government bonds for four consecutive days from May 22 to May 27, marking the longest selling streak this year. The net selling volume reached 1.227 trillion won during this period. Analysts attribute the sell-off to profit-taking and heightened caution ahead of the

NVIDIA research teams released “NVIDIA Ising Calibration 1.5” on July 27. This is a 31 billion-parameter visual language model designed specifically for diagnosing and tuning quantum processors, and it has been fully open-sourced. According to the QCalEval benchmark tests, the model’s performance on in-context learning (ICL) tests improved by 86.68% compared with the previous-generation model. Ising Calibration 1.5 Performance Data According to NVIDIA’s technical blog, the key performance figure

Bitcoin (BTC) gives back the early-week gains, trading at around $63,225 as of July 28. Franklin Templeton publicly backs the “CLARITY Act,” saying the bill will clarify the regulatory framework for crypto assets. Bitmine said that over the past week it bought nearly 10,000 ETH and has not paused its buying strategy despite the lackluster market; it currently holds 5.79 million ETH. Macro Events & Crypto Hotspots 1、Franklin Templeton posted on X saying it publicly supports the “CLARITY Act” pass

KB Asset Management appointed Lee Jun-seok as ETF Product Office Head, the company announced on the 28th. Lee previously served as ETF Marketing Office Head since joining KB in December, and now replaces Lee Soo-jin, who departed

Wall Street tech stocks and South Korea's stock market are experiencing increased correlation as artificial intelligence spending connects U.S. technology giants with Korean memory chipmakers. The 60-day correlation between the Kospi and Nasdaq 100 recently climbed to about 0.50, its highest level s

Nvidia is in talks to guarantee roughly $250 billion in financing for OpenAI's lease of a 10-gigawatt data center campus in Piketon, Ohio, the Wall Street Journal reported. Jim Cramer stated on Mad Money that the US government acts as a "subtle backstop" behind the chipmaker to prevent China from

South Korea's foreign exchange swap points surged into positive territory across all tenors on the previous trading day, marking the first time the 1-month tenor closed in positive range since June 2, 2022. The 1-month FX swap point closed at +0.20 won at Seoul Foreign Exchange Brokerage and +0.10 w

Kakao released four small language models (SLMs) of its self-developed artificial intelligence model 'Kana' as open source on the 28th. The company announced it published the models on Hugging Face, an open-source platform, including 'Kana-2-1.3B-base' designed to run on devices such as

KB Financial Group and Google Cloud announced a strategic partnership on the 28th to accelerate group-level AI transformation (AX). The collaboration combines Google Cloud's latest AI technology with KB Financial's financial expertise to drive business innovation, improve customer financial

Shinhan Financial Group's labor union coalition issued a joint statement criticizing the company's aggressive signup targets for its newly launched Super SOL integrated app. The union coalition, comprising unions from Shinhan's banking, card, securities, and insurance subsidiaries, stated that the 3

Apple stock reached a record closing price of $336.91 on July 27, pushing its market capitalization to $4.93 trillion and reclaiming the title of world's most valuable public company from Nvidia. The surge comes ahead of the company's fiscal third-quarter earnings report on July 30. Dan Niles,

Naver executed a third-party capital increase of $1 billion (approximately 1.48 trillion won) targeting NVIDIA, enabling NVIDIA to acquire a 4.5% stake (7.241 million shares) and become Naver's third-largest shareholder following the National Pension Service and BlackRock. This marks Naver's first c

On July 27, the U.S. stock market closed, and Circle’s shares rose 5.31%. The company announced that it will acquire base assets from IBM’s blockchain investment portfolio, making it the largest holder of blockchain patents in the United States. According to the announcement, the acquired patent portfolio includes more than 680 patent families and nearly 1,000 patents already granted worldwide. It covers core blockchain technology, banking, financial services, insurance, enterprise infrastructur

US tech stocks are showing positive signals to attract investors again after experiencing an 11% correction from June highs, according to Keith Lerner, Chief Investment Officer at Truist. The pullback marks the fifth double-digit correction in the current bull market but represents the shallowest an

South Korea's Financial Services Commission (FSC) Chairman Lee Eok-won held a meeting with financial investment industry representatives on the morning of May 28 and announced potential second-tier regulations for

K-Bank extended its suspension of new minus account openings until August 31, prolonging a measure originally set to end on July 31. The extension reflects efforts to comply with financial authorities' household loan quota targets for this year. Banks across South Korea are implementing various