Gate Insights and Crypto Market Analysis

Bitcoin was reported at $66,663 on July 22, rising from a low of $65,149 during the day to $66,965, but it failed to hold the $67,000 resistance level. The United States carried out airstrikes against Iran for the tenth consecutive day, and Trump on Tuesday warned that the U.S. military would strike Iran’s “Pickaxe Mountain” underground facilities. WTI crude rose about 2.6% to $84.70 per barrel. Concerns about inflation driven by higher oil prices limited Bitcoin’s upside. Trump Warns of Strikes

Samsung Biologics announced on the 20th a public tender offer to acquire all shares of Polypeptide Group, a Swiss-listed contract development and manufacturing organization (CDMO), for approximately 1.46 billion Swiss francs (about 2.7 trillion won), marking the largest merger and acquisition in

South Korea's KOSPI index surged 5.96% to 7,150.26 at 9:15 AM on the 22nd. The index reclaimed the 7,000 level for the first time in 4 trading days since the 15th. Foreign investors drove the rally with net buying of 1.2636 trillion won, while semiconductor leaders Samsung Electronics and SK Hynix r

Mirae Asset's two US index exchange-traded funds (ETFs) surpassed 30 trillion won in combined net assets as of the previous day. The TIGER US S&P500 and TIGER US Nasdaq100 ETFs recorded total net assets of 30.9908 trillion won, according to Mirae Asset on the 22nd. Steady buying by individual

Bae Jae-kyu, CEO of Korea Investment Trust Management, stated in an interview on the 21st that AI is a 20-30 year megatrend. Known as the 'father of ETFs,' he told Asia Economy that investors should focus on long-term direction rather than daily market fluctuations. Bae introduced Korea's first ETF in 2002 while at Samsung Asset Management, building the foundation for Korea's ETF market which has grown to hundreds of trillions of won. He warned against short-term speculation and emphasized the i

Four petrochemical companies in South Korea's Yeosu industrial complex received approval on the 22nd for a major restructuring plan that will create a single integrated entity. Yeocheon NCC, Lotte Chemical, Hanwha Solutions, and DL Chemical submitted the final 'Yeosu Project 1 Restructuring Plan'

Tesla (NAS:TSLA) stock closed at $378.93 on July 21 local time, up 2.53%, ahead of its Q2 earnings release scheduled for after market close on July 22 local time. Wall Street expects the electric vehicle maker to report $26.21 billion in revenue, a 16% increase from the prior year, and adjusted earn

Hana Materials is projected to achieve strong Q2 2024 earnings, according to Shinhan Investment & Securities. The South Korean semiconductor etching component manufacturer received a 43% target price upgrade to 83,000 won, with Q2 operating profit forecast at 23.4 billion won, representing 176%

The South Korean government confirmed a support package exceeding 700 billion KRW for the Yeosu petrochemical industrial complex restructuring project on the 22nd, according to the Ministry of Trade, Industry and Energy. The package centers on 650 billion KRW in financial support to

Five major Korean defense stocks averaged an 11.68% gain year-to-date as of the 22nd, significantly underperforming the KOSPI index's 56.58% rise over the same period, despite ongoing Middle East conflict since February 28. The underperformance stems from concerns over delayed new contract

Korean retail investors net purchased $1.8526 billion worth of SOXL, a 3x leveraged semiconductor ETF, from July 1 to July 20, 2026, according to Korea Securities Depository. The buying surge occurred as KOSPI plunged 21% from 8,300 to 6,500 during the same period, with Samsung Electronics and SK

Daishin Financial Group held its first large-scale integrated strategy meeting under new CEO Jin Seung-wook on the 22nd at Wirye Training Center, with Chairman Lee Eo-ryong and Vice Chairman Yang Hong-seok in attendance. The meeting aimed to review business operations across all subsidiaries and

Homeplus plans to reopen all 67 core stores currently under temporary closure once DIP loan funds arrive, following Seoul Rehabilitation Court's decision to cancel the liquidation order and extend the rehabilitation period until September 4. The court's reversal allows the South Korean retailer to f

Brent crude oil spiked toward $92 per barrel Tuesday as the U.S.-Iran conflict entered its tenth day, with the Strait of Hormuz recording only 127 vessel transits for the week ending July 19—a nearly 50% drop from 248 transits the prior week. The price surge followed U.S. military strikes on

Hana Securities analyst Lee Kyung-soo issued a report on the 22nd comparing the current KOSPI market situation to historical shock events, identifying foreign investor buying patterns as the key variable for a potential rebound. The KOSPI fell approximately 25% from its peak

Samsung Electronics stocks surged 5.79% to 274,000 won at market opening on the 22nd, following a 6.15% gain the previous day, marking over 10% growth in two consecutive trading sessions. The rally was driven by Standard & Poor's (S&P) upgrading Samsung's rating outlook from 'stable' to 'positive' o

Progressive groups sent a letter to every Democratic Senate office Tuesday evening criticizing Senator Kirsten Gillibrand, chair of the Democratic Senatorial Campaign Committee (DSCC), over her position on cryptocurrency policy. The groups argue that Gillibrand's son's involvement in the crypto

Lotte Chilsung Beverage's second-quarter earnings this year are expected to show modest profit declines despite strong product sales. A forecast compiled by Yonhap Infomax on the 22nd attributed the decline to increased cost burdens from the Middle East war and won weakness. Analysts noted that the

KB Kookmin Bank is raising interest rates on major deposit and savings products by up to 0.30 percentage points, effective from the 22nd for time deposits and the 24th for savings products. The rate adjustments reflect the Bank of Korea's base rate hike and rising market interest rates. The

United Stables' U token has crossed $1 billion in market capitalization, with Chainlink Data Feeds providing pricing and collateral data infrastructure across its deployment chains. The milestone reflects growing reliance on oracle infrastructure for stablecoin collateral verification, as