Gate Insights and Crypto Market Analysis

Cryptocurrency long positions worth $447.04 million (approximately 656.9 billion KRW) were forcibly liquidated in the past 24 hours, marking the largest liquidation event since June 25, according to data from CoinGlass on the 28th (Korean time). Bitcoin dropped to an intraday low of $63,555 (approxi

t54 Labs, an AI agent infrastructure development company, launched the XRPL AI Hub on the 28th (Korean time), a unified platform connecting the AI ecosystem operating on Ripple's XRP Ledger (XRPL) blockchain network. The platform integrates AI agents, applications, payment services, and developer in

DeFiHackLabs, the winning team of SCAN 2024, warned participants against relying blindly on AI during a video interview with Digital Asset on July 3. The blockchain security community emphasized that AI-generated answers must always be verified. The warning comes as AI capabilities have advanced

Lotus Technology Inc. has signed a non-binding memorandum of understanding with Finloop Finance Technology Holding Limited and FOMO Pay to explore digital assets and real-world asset tokenization in luxury mobility. The proposed collaboration focuses on technical cooperation covering digital asset i

Korean stock-related searches outpaced cryptocurrency searches by 6.2 times on average over a one-year period ending July 26, 2026, according to Naver DataLab analysis. The study examined search data from July 27, 2025 to July 26, 2026, finding that stock keywords (including Samsung Electronics,

The Depository Trust & Clearing Corporation (DTCC) revealed in a post on X that more than $1.2 trillion in U.S. Treasury cash transactions are already centrally cleared through the Fixed Income Clearing Corporation (FICC) each day, and that 79% of surveyed FICC Government Securities Division (GSD)

US senators are discussing canceling the August congressional recess to process pending legislation including the CLARITY Act, a comprehensive cryptocurrency bill, according to Eleanor Terrett of CryptoInAmerica reporting on the 28th. The discussions come approximately 10 days before the scheduled A

FactBlock announced on May 28 a self-funded compensation program for Gaia Phone buyers who have not received their devices after long delays. The company stated it is taking seriously the inconvenience and anxiety experienced by buyers due to prolonged non-delivery. Gaia Phone, an AI smartphone

Apple Inc. (AAPL) on Tuesday became the second company in the world to top $5 trillion in market capitalization, a day after overtaking Nvidia Corp. (NVDA) to become the most valuable company. Apple's market cap reached $5.04 trillion in Tuesday's opening trade before the stock pared some of its

Sen. Jon Husted (R-OH) publicly endorsed the CLARITY Act in a post on X on July 28, stating the U.S. needs regulatory certainty to lead in digital assets. Galaxy Research cut the bill's 2026 passage odds to 30%, down from a prior 50% estimate, as the Senate faces a two-week window before its

Bitcoin broke below $64,000 for the third time since July 24, triggering approximately $100 million in liquidations within a single hour. The drop followed three failed attempts to clear resistance at $65,500 and coincided with South Korea's KOSPI plunging 8.02% to trigger its eighth circuit

Psalion launched its third venture capital fund, a $50 million investment vehicle established as a Singapore-domiciled Variable Capital Company managed by Conduit Asset Management Pte. Ltd., a firm licensed and regulated by the Monetary Authority of Singapore. The fund will support early-stage

Jay Lucas, a former New Hampshire gubernatorial candidate and Republican political figure, pleaded guilty in the U.S. District Court for the Southern District of New York to operating a $50 million investment fraud scheme. The U.S. Department of Justice alleges Lucas misappropriated investor money t

SK Hynix shares plunged 14.65% to 1.55 million won on July 28, one day before the company's Q2 earnings announcement. The decline followed reports that a Chinese state-backed company developed domestic deep ultraviolet (DUV) lithography equipment, triggering

The Bank of Russia published draft regulations outlining the country's first framework for organized trading of digital assets and digital rights, introducing new requirements for crypto exchanges and digital depositories. The proposals follow Russia's crypto market bill passed by the State Duma

Cobo, a provider of digital asset custody and wallet infrastructure, launched the Settlement Network (SN) on July 28, 2026. The network is a bilateral clearing and settlement infrastructure designed for institutional stablecoin transactions, enabling two institutions that have independently

Fireblocks, a digital asset infrastructure provider valued at $8 billion in 2022, announced a suite of new enterprise tools during its Pulse Masterclass webinar. The products are designed to help organizations expand digital asset operations while maintaining security and operational efficiency. The

BitMart published an official notice on July 26 confirming it has decided to wind down all trading operations, citing market conditions and strategic direction as the reasons. The platform stopped accepting new user registrations and suspended all deposit services as of July 26 at 01:30 UTC,

Crypto losses topped $1 billion in the first half of 2026 as the industry recorded its highest number of hacks in a six-month period, according to onchain security platform Blockaid. Ethereum and Solana recorded the largest losses from incidents affecting their networks, with roughly $332 million an

Corning Inc. (GLW) shares were headed for the worst single-day decline since March 2020 after the company reported its Q2 earnings on Tuesday. The specialty glass and materials maker's Q3 revenue guidance midpoint of $4.95 billion missed the Wall Street consensus estimate of $5 billion, despite Q2