Gate Insights and Crypto Market Analysis

The USD/JPY exchange rate rose 0.02% to 162.420 yen as of 1:28 PM on July 17 in Tokyo trading, despite verbal intervention remarks from Japanese authorities. The rate climbed after US economic indicators released the previous day showed robust recovery, triggering yen selling and dollar buying.

Michael Burry on Friday posted on X that now is a good time to focus on cheap Hong Kong stocks, as the city's market has lagged in this year's global AI rally. The Scion Asset Management founder stated that Hong Kong stocks should perform well as the shine fades from Korean stocks, Japanese stocks,

Samsung Electronics minority shareholders organized through platform Act are pressuring the National Pension Service over a proposed executive bonus plan that bypasses shareholder approval. The shareholders, numbering 424 and collectively holding 207,724 shares, plan to formally submit a letter to t

Ault Blockchain, developed by Ault Capital Group, a subsidiary of Hyperscale Data, is building a Layer-1 blockchain designed to reduce reliance on traditional financial institutions for transaction settlement while supporting institutional onchain financial applications. The company launched a

Ultra-concentrated exchange-traded funds holding just 2 to 10 stocks are gaining popularity in global and Korean markets, contrasting sharply with traditional diversified ETFs that typically hold 30 to 50 or more stocks. This year, 24 ultra-concentrated theme ETFs launched in Korea, many

Republican senators plan to release the CLARITY Act text immediately after a July 17 meeting with President Trump, according to Sen. Bernie Moreno (R-Ohio), but the bill has zero Democratic support in its current form. The central dispute centers on ethics provisions addressing Trump's crypto

British authorities have sentenced members of a criminal gang that posed as police officers to steal cryptocurrency from victims, marking another high-profile enforcement action as the United Kingdom strengthens oversight of the digital asset industry. Investigators said the group used

Tether CEO Paolo Ardoino says the company continues to add more than 30 million new USDT users every quarter, highlighting the rapid global adoption of the world’s largest stablecoin. Ardoino shared the milestone while discussing USDT’s expanding role in emerging markets, where the stablecoin is i

Coinbase CEO Brian Armstrong argued that India should create a regulated rupee-backed stablecoin to prevent users from adopting dollar-backed stablecoins, according to recent social-media summaries of his conversation with Zerodha co-founder Nikhil Kamath. Armstrong's argument is that if fast, low-c

Ukraine's Security Service (SBU) released video on the 16th showing domestically developed sea drones striking two Russian shadow fleet tankers in the Black Sea, part of operations from the 6th to 16th that Ukraine claims hit 147 Russian shadow fleet vessels across the Azov Sea and Black Sea. On the

Tesla, Inc. (TSLA) stock slipped 2% overnight heading into Friday after Future Fund Managing Director Gary Black warned that SpaceX cannot afford to acquire the EV maker, calling the financial math unworkable. TSLA closed Thursday at $391.06, down 1%, marking its second consecutive session in the re

Bitcoin tested key resistance levels following a sharp rally triggered by softer US inflation data, according to analysis from Glassnode. The cryptocurrency outperformed major US and European equity markets after an extended period of sideways trading near recent lows. Glassnode analysts

The South Fang 2x Long SK Hynix ETF (07709-HK) dropped 18.20% on Friday morning, falling below 47 HKD, despite the Korean stock market being closed on the 17th. The weekly decline reached 47%, and from its historical high, the ETF has declined over 70% in less than 1 month. The crisis was

Satoshi Nakamoto holds 1.096 million BTC according to Arkham's 2026 ranking of top Bitcoin holders, making the pseudonymous Bitcoin creator the largest known holder of the cryptocurrency. Coinbase ranks second among labeled entities with approximately 981,000 BTC. Arkham based its Satoshi

Programmer Stefan Thomas has 2 password attempts remaining to access 7,002 Bitcoin locked on an IronKey encrypted USB drive since 2011. Thomas received the Bitcoin as payment for a 'What is Bitcoin?' educational video and later lost the password he had written down. The IronKey device permanently lo

Ledger launched Ledger Agent Stack, an open-source framework that enables AI agents to assist with cryptocurrency management while requiring hardware wallet approval for all transactions. The toolkit allows AI agents to inspect balances, review portfolios, and prepare transfers without accessing

Anton Bukov, co-founder of decentralized finance project 1inch, departed from the company's operations after more than seven years and was fired in late November 2025. Bukov confirmed he is no longer involved in day-to-day operations and has shifted focus to a new venture called Second Tier. The dep

Labour Party leader-elect Andy Burnham will address the nation at noon on July 17 at the Party's special conference, where he will officially be named as the new leader before being crowned Prime Minister on Monday. The Makerfield MP's speech is expected to detail improvements to the NHS,

Bitcoin Ordinals developer Leonidas proposed a new open-source Bitcoin client on Friday, aimed at removing restrictions affecting Runes and Ordinals transactions. The proposed client, called 'Bitcoin $DOG Mode,' would lift the maximum individual transaction size to 3.9 million weight units (WU)