Gate Insights and Crypto Market Analysis

Costco (NASDAQ: COST) stock declined about 5% during trading on July 9. Since reaching a record high in mid-May, COST has fallen approximately 17%. The decline was triggered by Costco releasing June sales data that fell short of Wall Street expectations: net sales grew 10.6%, the slowest pace since February; same-store sales increased 8.8%, significantly slower than the 12.5% in May. June Sales Data: Net Sales Up 10.6%, Same-Store Sales Up 8.8% According to data released by Costco on Wednesday e

Wall Street analysts warned that disorderly unwinding of the yen carry trade could damage US markets. David Morrison, senior market analyst at Trade Nation, stated that yen carry trades have driven liquidity and asset prices in US markets, but risk factors disrupting the dollar-yen ecosystem now

Ha Tae-kyung, head of Korea Insurance Training Institute, declared the institution's 'AI Transformation Year' and announced the completion of three AI education solutions on the 10th. The announcement, delivered through a message to staff on the 9th, marks the institute's 61st anniversary

Korea Development Bank (KDB) settled a AUD 650 million Kangaroo bond on the 26th of last month, drawing over AUD 1.4 billion in orders and tightening pricing by 5 basis points from initial guidance. The successful issuance has sparked industry controversy after Natixis secured its first public Korea

Meta Superintelligence Labs (MSL) officially released Muse Spark 1.1 on July 9; Alexandr Wang, head of Meta AI, said in a CNBC interview that Muse Spark 1.1 is Meta’s “strongest agent task and coding work model” to date. Muse Spark 1.1 Core Specs: 1 Million Token Context According to Meta’s official description, the main specs and features of Muse Spark 1.1 are as follows: Context window: 1 million tokens, enabling easy retrieval of past records, active memory, and compression of key steps Multi

South Korean memory chip manufacturer SK Hynix (KRX: 000660) has completed its American Depositary Receipt (ADR) issuance, issuing 177.9 million ADRs at $149 per share, raising a total of $26.5 billion, making it the third-largest IPO in U.S. history; demand exceeded seven times the planned issuance, approaching $200 billion. The ADR is expected to begin regular trading on July 13. ADR issuance scale and demand data: $26.5 billion, over 7 times oversubscribed According to SK Hynix's prospectus a

The Korean stock market experienced unprecedented volatility in 2026, with 33 sidecar activations recorded through July 10 according to the Korea Exchange — a dramatic increase from just 3 activations in the previous year. The surge in trading halts stems from the rapid growth of leveraged

SK Hynix set its American Depositary Receipt (ADR) offering price at $149 per share, raising $26.507 billion (approximately 40 trillion won) ahead of its NASDAQ listing. Conditional trading begins tonight under the temporary ticker symbol

South Korea's tourism sector recorded a $220.5 million surplus in May, marking the third consecutive month of positive tourism balance, according to data released by the Korea Tourism Data Lab on July 10. The surplus resulted from a record influx of foreign visitors driven by K-content popularity an

Bitcoin (BTC) lacks momentum for a rebound, currently around $63,160 as of July 10. The prediction market platform Polymarket is seeking US regulatory approval to offer margin trading, allowing users to participate with less upfront capital. According to CoinDesk, citing informed sources, the unified version of the US CLARITY Act may be announced as early as next week. Macro Events & Crypto Hotspots According to CoinDesk, sources reveal that the unified version of the US CLARITY Act may be annou

KB Kookmin Bank limited mortgage loans to 300 million won and Shinhan Bank suspended new MCG and MCI product enrollments from July 10, effectively reducing loan limits by 50 million won, following a June surge in household loans. In June, bank household loans increased by 7.6 trillion won,

Korean stocks experienced sharp volatility as the KOSPI fell nearly 20% from recent highs, with individual investors net selling 1.2673 trillion won in a single session. The selloff was driven by growing doubts about AI infrastructure investment sustainability and semiconductor earnings growth,

Gold investors are reassessing the metal's role in portfolios after gold futures declined over 13% in Q2, marking the worst quarterly performance since 2013, according to CNBC. The decline followed a volatile period in which gold hit record highs early in the year before dropping 21% after the

Toss Insight, the financial management research institute of Toss, published a report on July 10 recommending that Korean banks prioritize risk-return balance management over growth as the industry faces diverging profitability and soundness trends. The report titled 'Banking Industry Outlook and

According to CNBC on July 9, citing people familiar with the matter, Goldman Sachs and JPMorgan have banned their employees from trading prediction market contracts related to certain events, elections, financial markets, macroeconomic data, and geopolitical forecasts for their bank’s specific events. The move came after Google employees were accused of using internal Google data to trade on Polymarket, with profits of about $1.2 million. Michele Spagnuolo case: Google employee insider trading p

Macroeconomic and bond experts surveyed by Yonhap Infomax unanimously expect the Bank of Korea to raise its base rate by 25 basis points to 2.75% in July. The survey of 19 domestic and international financial institutions, conducted on July 10, found no respondents anticipating back-to-back rate

The Bank of Korea (BOK) and the Bank of Mongolia signed a revised Memorandum of Understanding (MOU) on July 9 to strengthen cooperation in core central banking functions including monetary policy, financial stability, and payment systems. The revision builds on the original MOU signed

South Korea's Ministry of Finance and Economy announced on the 10th that it will impose anti-dumping tariffs of 25.79-31.55% on PVC paste resin imported from Germany, France, Norway, and Sweden starting August 5 for a period of five years. The decision follows an investigation by the Trade

The New Hampshire State Executive Committee rejected the $100 million state government Bitcoin bond project in a 3-2 vote on July 10; the bond was issued by the New Hampshire Bureau of Business Finance Administration and is considered the first Bitcoin-backed bond endorsed by a state government. State House Majority Leader Keith Ammon called the decision extremely shortsighted and stated that committee members are in an election year, "just one vote can change the outcome, and we will not give u

Bitcoin (BTC) rebounded to $63,000 on July 10, but the bulls then showed weakness. US May PCE inflation came in at 4.1%, and the Kalshi prediction market puts the probability of rate hikes within the year at 54%. As tensions between the US and Iran escalate, the US military has attacked 90 targets inside Iran, and navigation through the Strait of Hormuz is again under threat. US-Iran Conflict Escalates: US Attacks 90 Targets, Iran Strikes Back Across the Four Countries in the Persian Gulf Accord