Gate Insights and Crypto Market Analysis

Korean securities firms' IPO departments reported 27 new stock market listings in the first half of this year, according to the Korea Exchange and investment banking industry sources on July 29. The decline from 40 listings in the first half of last year and 53 in the first half of 2024 stems from r

Japan is facing the aftermath of a 7.1-magnitude earthquake that struck off the coast of Kyushu, triggering tsunami warnings along the coast. TSMC evacuated workers from its nearby plant as a precaution, while Sony and Fujifilm also evacuated employees from facilities in the area. The earthquake str

Shares of AT&T, Verizon, and T-Mobile fell on Wednesday following a Semafor report that SpaceX is seeking wireless spectrum suited for urban and densely populated areas. AT&T closed down around 3%, Verizon fell about 2%, and T-Mobile declined nearly 0.5%. The report cited people familiar with the ma

US stocks fell sharply on May 29 (local time), with the Dow Jones Industrial Average recording its largest single-day drop in 13 months. The Federal Reserve held interest rates steady for the fifth consecutive meeting but adopted a hawkish stance that drove long-term Treasury yields higher. The

Bloomberg has agreed to acquire Canoe Intelligence, an AI-powered alternative investment data platform serving more than 500 institutional clients with over $11 trillion in assets under service. The acquisition will integrate Canoe's private fund data automation capabilities into Bloomberg's

Grayscale Research published a report on July 29 arguing that onchain vaults could eventually compete with traditional finance's collateralized loan obligation market. The report positions onchain vaults as blockchain-based investment vehicles that pool capital into professionally managed

Carvana stocks fell 15% during after-hours trading Wednesday after the auto retailer reported full-year 2026 earnings guidance that missed Wall Street expectations. The company guided for adjusted earnings between $2.7 billion and $3 billion for 2026, below Deutsche Bank's forecast of $3 billion to

BNY Mellon is launching a blockchain-based transfer agency platform covering $8.6 trillion across 7.6 million investor accounts. The world's largest custodian plans to digitize fund transaction processing and share ownership records while maintaining its traditional system in parallel, according to

Robinhood reported $100 million in cryptocurrency transaction revenue for the second quarter of 2026, exceeding analyst expectations of $86.6 million despite a 38% year-over-year decline. The performance reflected stronger-than-anticipated crypto trading activity during a period of softer digital

Hawkins County Commissioners in Tennessee voted unanimously 12-0 on Monday to ban the establishment, construction, installation, expansion, and operation of cryptocurrency mining facilities and data centers in unincorporated areas of the county, according to the commission's July 26 agenda. The vote

The Bitcoin Policy Institute hosted a policy event on July 29 in the House Select Committee on the CCP's hearing room, presenting research on Chinese Communist Party-connected influence operations targeting US AI infrastructure development. The research estimates approximately $23.6 billion in

The US government recorded negative tariff revenue for the first time in history in June 2026, with net customs duties receipts at -$25.6 billion. The negative figure resulted from refund outlays exceeding new tariff collections, triggered by a Supreme Court ruling in February 2026 that struck

Millennium Management is in talks to raise roughly $20 billion in fresh capital, doubling its earlier $10 billion target. The hedge fund, which already manages north of $92 billion, posted a 10.5% gain in 2025 and is structuring the raise in two tranches, part of which will replace capital

Microsoft reported fiscal Q3 2026 earnings that exceeded Wall Street expectations, with revenue reaching $82.9 billion against a consensus estimate of $81.4 billion. Earnings per share came in at $4.27, beating the $4.06 analyst forecast. The company's AI business achieved an annual revenue run

South Korea's cryptocurrency exchanges are trading XRP at nearly four times the volume of Bitcoin, according to market analyst Xaif Crypto, reflecting exceptional retail demand for the digital asset. The surge occurs as the country's stock market has tumbled 44% in just 40 days, erasing nearly $2 tr

Meta Platforms reported second-quarter revenue of $60.8 billion, exceeding Wall Street expectations of roughly $60.2 billion, while earnings per share declined to $6.18 from $7.14 a year earlier as massive AI infrastructure investments, legal charges, and restructuring costs weighed on

The US Federal Communications Commission added foreign-produced advanced robotic devices to its Covered List on July 28, prohibiting imports of humanoid robots, four-legged robots, and certain robot vacuum cleaners manufactured abroad. The Trump administration's FCC justified the ban by