Gate Insights and Crypto Market Analysis

A project manager at Tencent’s WeChat business group (WXG) shared a screenshot of his year-end bonus worth more than 3.17 million yuan in a Group chat last year, and was recently reprimanded and fired by Tencent. His name was added to the company’s permanent blacklist, and he will never be hired again. The incident was exposed around July 24 by a Weibo blogger, “Lanxi.” Tencent’s anti-fraud investigation department determined that the applicable provision was Article 3 of “Tencent’s High-Pressur

Bitcoin (BTC) sees a strong short-term rebound, temporarily around $65,150 on July 27. Michael Saylor hinted that he will roll out “another color,” while Strategy skipped its fourth time in a row buying Bitcoin. The U.S. CFTC warned that prediction-market certifications should not use template contracts, and a post lays out rules for how event contracts handle self-certification. Macro Events & Crypto Buzz 1、According to Cryptopolitan, Michael Saylor published a Bitcoin chart of Strategy and cap

The USD-KRW exchange rate fell to 1,460 won recently, down from near 1,600 won in June, according to Kiwoom Securities economist Kim Yu-mi on the 27th. The decline stems from improved domestic fundamentals and forex market supply-demand conditions rather than dollar weakness. Fundamental

WEMIX, a Layer-1 blockchain network, said that on July 27, the attacker compromised ownership of the contract associated with the WEMIX stablecoin, issued approximately 5.23 million WEMIX without authorization, and swapped them into 30,736 WEMIX and 724,198.27 USDC.e; these USDC.e were then bridged to Ethereum and BNB Smart Chain. Attack execution process: 5.23 million WEMIX unauthorized issuance According to WEMIX’s initial incident update, after the attacker compromised ownership of the WEMIX

Decision Desk HQ forecasts Democrats have a 60% probability of retaking the US House of Representatives in midterm elections 100 days away, with projected seat counts of 225 Democratic vs 210 Republican, while the Senate is expected to remain under Republican control. Bain Capital's sale of its

Neocloud companies specializing in AI infrastructure face mounting financial pressure as corporate bond credit spreads widen across the technology sector, according to analysis from Apollo Global Management and Mizuho. CNBC reported on the 25th (local time) that credit spreads for tech firms

KCGI Asset Management launched the 'KCGI Global Active EMP Fund [Stock-Rebalancing]' on the 27th, a portfolio investing in global stocks, sectors, and theme exchange-traded funds (ETFs). The fund employs a two-stage momentum strategy to select rising-trend assets amid heightened market volatility.

NHN KCP and Shinhan Bank announced on the 27th their participation in Phase 2 of the Bank of Korea's central bank digital currency (CBDC) pilot program, Project Hangang. The companies will leverage NHN KCP's online and offline payment infrastructure to expand the practical use of deposit

Seoul foreign exchange market banks completed mid-year personnel reshuffles in their FX dealing rooms. The dollar-won spot market transitioned to 24-hour trading five days a week from the 6th of this month, prompting banks to replace chief dealers

Shinhan Investment & Securities announced on the 27th its participation as an investor in Digital Asset, the operator of Canton Network, a blockchain network designed for regulated financial markets. The investment was made through a $355 million funding round led by a16z crypto, the

AMD CEO Lisa Su defended the AI industry's cross-investment practices in a Yahoo Finance interview on May 25 (local time), countering concerns about tech companies' interconnected relationships. Su argued that close collaboration within the AI ecosystem is rational and beneficial, stating that

According to a report by Digital Asset on July 24, at least 29 overseas cryptocurrency derivative exchange app listings are no longer installable in South Korea’s Google Play Store. OKX paused support on July 24, and the Bybit app was blocked on July 10. The exchanges investigated are the top 50 derivative exchanges by CoinMarketCap. 29 apps disabled; OKX and Bybit are the latest cases According to Digital Asset’s investigation, the search results for 29 overseas derivatives exchange apps in Sou

Bitcoin rebounded to $65,178 on July 27, after a strong breakout above the $65,000 level. U.S. President Trump ordered the U.S. military to pause airstrike operations against Iran, ending 13 consecutive days of daily attacks. The FED interest rate decision is scheduled to be released on July 29, and all 104 economists surveyed by Reuters expect it to remain unchanged, but federal funds futures indicate the probability of a rate hike is about 36%. Trump Orders a Pause in Airstrikes Against Iran C

Bank of America's Bull & Bear Indicator rose to 9.6 last week, marking the highest sell signal level since the 2021 pandemic-era stock market rally peak. The indicator, which measures investor sentiment on a 0-10 scale, increased from 9.5 to 9.6, according to a report from BofA's research team led

Manhattan's commercial real estate market is showing signs of bottoming out after post-COVID collapse concerns, with availability rates declining and rents rebounding since early 2025. The recovery follows the worst downturn in 2023-2024, when remote work adoption and Federal Reserve rate hikes

158 companies in the S&P 500 index will release earnings this week, including major technology stocks Microsoft, Meta, Amazon, and Apple, according to CNBC on the 26th. This week represents the busiest period of the US corporate earnings season and is considered a critical juncture for overall

South Korean stocks opened sharply higher on the 27th but trimmed gains by mid-morning as foreign and institutional investors sold shares. The KOSPI index opened at 6806.27, up 115.65 points or 1.73%, but retreated to 6734.86 by 9:39 AM, reflecting a smaller gain of 44.24 points or 0.66%,

Bitcoin long-term holders sharply reduced selling activity as dormant coin movements dropped to the lowest level since Q3 2022, while Shiba Inu (SHIB) surged approximately 36% on the 26th driven by Korean investor demand. According to CoinGecko, Bitcoin traded at $65,090 on the 27th at 9 AM as the c

Hyosung Chemical's stock price reached 69,400 won on May 24, marking a 78% surge from its pre-suspension close of 38,900 won in February 2024. The chemical manufacturer is projected to post over 100 billion won in Q2 2025 operating profit, reversing a four-year loss streak that began in 2022. The tu

The USD-KRW exchange rate tested the lower end of the 1,450 won range on July 27, driven by selling pressure from SK Hynix's American Depositary Receipt (ADR) fund conversions and export company settlements. SK Hynix's large-scale dollar selling, combined with exporter settlements ahead of month-end