Gate Insights and Crypto Market Analysis

Cryptocurrency exchange BitMart issued an abrupt announcement on July 26, saying it will wind down operations of its trading platform. The official timeline is that spot, futures, and other trading services will cease on August 26. Global CEO Nenter Chow later posted on a community platform, saying that on July 24 the company informed him that his employment relationship would be terminated, and he only learned the news after the stop-operations announcement was made public. The decision was nev

The five largest technology companies this week will release their Q2 earnings in succession, as the market closely scrutinizes returns on AI capital expenditure. On Tuesday, SK Hynix released its first financial report since listing on Nasdaq; on Wednesday, Microsoft and Meta published their reports on the same day; on Thursday, Apple and Amazon released their reports on the same day—this is also Tim Cook’s last earnings call as Apple CEO. This week’s top five tech earnings calendar: SK Hynix,

Alphabet reported Q2 net income of $112.1 billion, a fourfold increase year-over-year, but recorded its first negative free cash flow in 22 years since its 2004 initial public offering, posting a $5.8 billion deficit. The company's net income surge was driven largely by $98 billion in unrealized

China’s State Administration for Market Regulation announced on July 25 that it issued an aggregate anti-monopoly fine totaling RMB 5.18B to Trip.com Group (Hong Kong Stock Exchange: 09961-HK), China’s largest online travel platform. Trip.com Group is under the umbrella of a company that owns brands including Trip.com, Skyscanner, and Qunar. Trip.com Group is a Hong Kong-listed company, and this penalty is only second to Alibaba in China’s history of anti-monopoly enforcement. State Administrati

Mirae Asset Consulting recently completed its acquisition of Korbit, securing a 97.15% stake in South Korea's first cryptocurrency exchange and rebranding it as 'Digital X'. The acquisition marks the first case of a traditional Korean financial group subsidiary securing management control of a crypt

The KOSPI reversed from morning gains to trade at 6,603.61 as of 11:06 AM, down 87.01 points (1.30%) from the previous session, as foreign investors sold 1.5848 trillion won worth of shares while retail investors bought 1.4678 trillion won. The intraday decline followed the Shanghai listing of

US asset managers including Corgi Strategies, GraniteShares, and Tuttle Capital are preparing leveraged exchange-traded funds (ETFs) tracking Kioxia, a Japanese memory chipmaker, according to Bloomberg. At least nine products — including 2x leveraged and inverse ETFs — are under review by US

Nomura Securities raised South Korea's base rate forecast to 3.50% from 3.25% in a report on the 23rd. The brokerage now projects rate hikes this month and next month, reversing its previous expectation of a freeze in August. Nomura cited strong first-half growth and the possibility of

Economist Peter Schiff warned this week that Japan's bond market crisis could trigger selling pressure on the country's $1.1 trillion holdings of US Treasuries, describing the situation as a potential pin that pricks the larger US economic bubble. Schiff made the comments on The Peter Schiff Show

AI image-generation company Midjourney announced it has acquired social astrology app Co-Star. This is Midjourney’s first acquisition since it was founded. Specific deal terms have not been disclosed yet. All 24 employees at Co-Star have joined Midjourney. Founder Banu Guler is now serving as Midjourney’s Chief Design Officer. Co-Star basics: 4.3 million monthly active users, 20 million cumulative downloads Based on the acquisition announcement and reports, Co-Star’s key background information i

Private equity firm Entrada has been designated as the preferred negotiator for the acquisition of global golf brand TaylorMade by seller Centroid Investment, according to investment banking sources. Entrada formed a consortium with U.S. sports investor Dave Checketts for the bid, with the acquisiti

NVIDIA acquired approximately 7.24 million new shares in Naver through a third-party block offering for $1 billion, priced at 204,500 KRW per share; it will hold about 4.5%. The deal is expected to make NVIDIA Naver’s third-largest shareholder, behind NPS and BlackRock. To offset dilution, on 8/3 it will cancel about 4.9 million shares of treasury stock. The first payment will be made on 2026/10/30. Naver’s stock opened up 8%. In June, both parties signed a GW-level AI factory agreement, underscoring that Korean firms are accelerating their sovereign AI initiatives.

Bitcoin miner holdings fell to 1,193,026 BTC as of July 25 at 2 PM according to CryptoQuant data, marking the lowest level since June 28. The 563 BTC decline from the prior week indicates miners are selling, lending, or using their Bitcoin as collateral. This reduction follows the April 20, 2024

Korean stock market investor deposits fell to 103.87 trillion won as of the 22nd, the lowest level since February 13, according to the Korea Financial Investment Association. The decline followed a 31.5% plunge in the KOSPI index from its

SK hynix (000660) stock is closely watched. The company will release its Q2 results on July 29. According to Yonhap Infomax’s summary of reports from 14 brokerages over the past month, market consensus expects Q2 revenue of 84.0597 trillion won, Q2 operating profit of 64.0899 trillion won, and an expected profit margin of 75%~77%, up from 72% in the previous quarter. Market consensus before the July 29 results: Q2 profit to exceed 64 trillion won According to Yonhap Infomax’s summary of 14 broke

S&P 500 companies are revising earnings guidance upward at the widest margin compared to downward revisions since 2011, according to Bloomberg Intelligence data cited by Yahoo Finance on July 26. The gap between upward and downward earnings estimate adjustments has reached its largest spread in 15 y

The South Korean government plans to amend the real estate tax law, increasing the tax burden on ultra-expensive homes and speculative properties, while lowering tax rates for owner-occupied homes, homes for working-class and middle-class households, and government-provided housing. It will also impose higher taxes on so-called “one property” (when wealth is concentrated in a single high-end home). The specific ultra-expensive home threshold and tax rate have not yet been determined. Lee Jae-myu

JP Morgan analysis shows global oil supply dropped by approximately 11.1 million barrels per day since the US-Iran conflict began in February, yet Brent crude prices remain about $20 below the April-May highs despite trading above $101 per barrel recently. The investment bank attributes this price s

South Korean government bond futures surged on January 27 as international oil prices reversed course and declined, driven by expectations that tensions between the United States and Iran may ease. The 3-year bond futures rose 16 ticks

Daol Investment & Securities launched pre-registration for its MCP Trading service starting the 27th, enabling investors to access account data and place orders through conversational AI interfaces. The service connects generative AI platforms like ChatGPT and Claude to brokerage accounts via