Gate Insights and Crypto Market Analysis

Bitfinex whales closed massive long positions in Solana as the cryptocurrency traded around $70. August started with over $16 million in long liquidations according to CoinGlass, representing the largest daily elimination of bullish positions in nearly a month, while short liquidations totaled

Decentralized exchange perpetual markets recorded a volume of $355.78 billion in July 2025, marking the lowest monthly total for the year across 17 venues including Lighter, Hyperliquid, and Aster. The decline follows a peak of $1.19 trillion in October 2025, with July's figure representing the

Google Search data analyzed by Alphractal shows a surge in interest for Bitcoin, Ethereum, and Solana over the past day. The increased search activity occurs as the crypto market lost roughly $62.98 billion, representing a 3.2% decline in total market capitalization. Alphractal's Google Trend

Cboe Global Markets has completed the sale of Cboe Australia to Canada's TMX Group, closing the first phase of a broader divestment announced in April. The Australian exchange now operates as TMX Australia Exchange, though financial terms were not disclosed. The transaction reflects Cboe's

The World Bank revised its 2026 Philippine economic growth forecast downward to 3.7% from 5.3%, citing the government's infrastructure corruption investigation as a primary factor alongside rising global energy prices. The investigation, which began in mid-2025 following allegations of corruption in

The South Korean government announced a 2026 tax reform package on the 3rd that introduces production-based tax credits for six strategic sectors and expands housing affordability measures. The reform provides tax deductions proportional to domestic production volumes in solar power, wind power,

The South Korean government announced a comprehensive redesign of the business succession tax deduction system on the 3rd, shifting focus to supporting companies with technical expertise and management know-how. The Tax Development Review Committee revealed these changes as part of the 2026 Tax

The Bank of Korea announced cooperation with the Korea Exchange, Korea Securities Depository, and domestic gold producer LS MnM on the 20th of last month to resume gold purchases after a 13-year hiatus. The central bank revealed it purchased a small amount of gold exchange-traded funds in the

The Bank of Korea (BOK) will resume gold purchases for the first time since 2013, the central bank announced. On the 20th of last month, BOK held an event with Korea Exchange (KRX), Korea Securities Depository (KSD), and domestic gold producer LS MnM to establish a cooperation framework for

South Korea's tax reform will increase luxury property holding taxes by 50% to over 100%, per analysis released on the 3rd. The reform raises the public announcement price ratio from 60% to 70% starting next year and increases tax rates across multiple brackets. The changes aim to encourage multi-ho

The Korean government announced a comprehensive tax reform targeting high-value and non-residential properties through simultaneous increases in comprehensive real estate tax and capital gains tax. Finance Minister Koo Yun-chul confirmed the 2026 tax reform plan at a tax development committee

The XRP Ledger added 489,739 new accounts in the first half of 2026, bringing total accounts to approximately 8.4 million, according to public XRPL account-growth data. The growth is linked to Ripple's RLUSD stablecoin activity, including deployment and minting during the period. However, not

Apollo Global Management economists Sania Edlich and Torsten Slok found that workers in high AI-exposure jobs experienced real wage growth 6.7 percentage points lower than low-exposure workers since ChatGPT's 2023 launch, according to Axios on May 31. The research attributes this wage slowdown to AI

Brazilian President Lula, 80, announced his re-election bid on August 2, representing the Workers' Party in the October presidential election. This marks his seventh campaign and a bid for a fourth presidential term. Lula pledged to strengthen national defense and protect Brazil's rare earth and

Goldman Sachs added Samsung Electronics to its August Asia-Pacific (APAC) conviction list with a target price of 49 million won. The investment bank cited expectations that memory demand will significantly exceed supply through 2028 driven by AI investment expansion. The APAC conviction list

Globalstar (GSAT) rose nearly 3% in July while AST SpaceMobile, Rocket Lab and SpaceX each lost more than a third of their value. The stock was supported by Amazon's $11.6 billion takeover agreement announced in April, which gave Globalstar a defined deal value while most rival space stocks

Amazon.com Inc. (AMZN) stocks gained in premarket trading on Monday as analysts raised price targets following the company's better-than-expected earnings and strong cloud business performance. The upgrades came after Amazon's AWS revenue surged 37% year-over-year and quarterly revenue rose 20% to $

Korea's Return to Korea Investment Account (RIA) recorded its first monthly net outflow in July, with 526.8 billion won withdrawn from the accounts, according to data from the Korea Financial Investment Association. The outflows occurred as domestic stock market corrections prompted investors to

Korean robot stocks surged on May 28 after the US Federal Communications Commission (FCC) added foreign-produced humanoid and quadruped robots to its national security equipment restriction list. Market analysts attributed the rally to expectations that Korean firms could gain indirect benefits as C

Hong Kong stocks rose in the August opening session, with the Hang Seng Index climbing 124 points or 0.48% to close at 26,009 after volatile intraday trading around the 26,000 level. The index extended its winning streak to six consecutive sessions, accumulating gains of 1,046 points or 4.19%.