Gate Insights and Crypto Market Analysis

Cronos Network announced on August 31 that it had suspended operations after the on-chain lending protocol Tectonic was attacked. On-chain researcher Li Weilin estimated that the attacker increased the price of the low-liquidity TONIC token by approximately 100x within about 20 minutes, then used the overvalued TONIC as collateral to borrow other assets from Tectonic, involving approximately $75 million. Technical Mechanism of the TONIC Price Manipulation Attack According to an analysis posted b

The United States Tennis Association (USTA) and prediction market platform Kalshi completed an exclusive prediction market partnership agreement before the start of the 2026 US Open main draw, publicly disclosed on August 31 by Front Office Sports (FOS), citing two sources. Under the agreement, the USTA prohibits other prediction market platforms from placing advertisements inside tournament venues or in ESPN broadcast footage. Agreement Background: USTA Originally Planned to Consider Prediction

US President Donald Trump urged Canadian businesses trading with the US to immediately relocate their operations to America to avoid tariffs, according to statements posted on his Truth Social account on August 30 (local time). Trump stated that many of these companies had left the US years ago

Bitcoin was trading at $77,960 on Aug. 31, retreating from the Aug. 28 high of $81,455. Fed Chair Kevin Warsh said in his first keynote speech since taking office, delivered at Jackson Hole, that year-over-year PCE inflation remained at 3.7%. The U.S. military struck two launch systems on Iran’s Larak Island, sending Brent crude up more than 2% to $90.32 and WTI to $85.41. U.S. Military Strikes Iran’s Larak Island, Brent Crude Breaks Above $90 per Barrel According to a Reuters report on Aug. 31,

Bitcoin futures open interest reached $54.82 billion this weekend, with Binance holding $11.24 billion and options markets showing 288,409.93 BTC in calls versus 185,234.42 BTC in puts, according to derivatives data from Coinglass. Recent 24-hour trading volume tilted defensive, with puts

Affirm Holdings (NASDAQ:AFRM), a buy now, pay later (BNPL) payment platform, received a price target upgrade from Bank of America (BofA) to $104 from $93 on May 28 (US local time), despite issuing conservative near-term earnings guidance. BofA maintained its Buy rating on the stock, citing the

Korea Exchange (KRX) will sign a memorandum of understanding with the New York Stock Exchange (NYSE) on the 3rd to strengthen cooperation on capital market initiatives including trading hours extension and settlement cycle shortening. KRX Chairman Jeong Eun-bo departed for the United States on the 3

Vuno experienced a sharp stock decline on the morning of the 31st following its announcement of a large-scale rights offering. As of 9:09 AM on the 31st, Vuno stocks traded at 5,520 won, down 1,880 won or 25.41% from the previous day. The company disclosed after market close on the 28th a 31.4

President Trump interrupted a NASA post-launch news conference on Sunday morning by calling NASA Administrator Jared Isaacman's mobile phone during the briefing at Kennedy Space Center in Florida. Isaacman left the dais mid-conference to take the call, then returned to allow Trump to address

Hyundai Motor Group is pursuing a data-driven catch-up strategy in autonomous driving after delays in transitioning to end-to-end (E2E) artificial intelligence technology. The automaker currently produces Level 2 advanced driver assistance systems such as Highway Driving Assist 2 (HDA2) and plans to

Korea Investment & Trust Management approved a spin-off merger on the 27th to concentrate resources on its exchange-traded fund (ETF) business, according to a Financial Supervisory Service disclosure on the 31st. The board decided to merge the company's securities fund and money market fund (MMF) di

Korea Financial Group restructured its asset management subsidiaries by approving a merger contract on the 27th to split Korea Investment Trust Management's securities fund and money market fund (MMF) divisions into Korea Investment Value Asset Management, marking the first operational realignment s

KOSPI fell nearly 2% on May 28 as Samsung Electronics and SK Hynix declined despite large-scale shareholder return programs. The index failed to stabilize above the 7000 level amid foreign investor profit-taking. Fed Chair Wash's May 28 (local time) Jackson Hole remarks on inflation concerns

SpaceX CEO Elon Musk projected the company's annual revenue could reach approximately $3.5 trillion by 2033 in a recent post on X. The projection is based on anticipated growth in Starlink satellite communications, artificial intelligence, and Starship spacecraft operations. This timeline is seven y

South Korea's top five securities firms are confronting a sharp reversal in H2 operating conditions after recording combined H1 net profit of 7.7635 trillion won, a 144% increase from the prior-year period. The five firms—Mirae Asset, Korea Investment, Kiwoom, NH Investment, and Samsung—are

The Federal Reserve's Sept. 16 interest rate decision has become a focal point for traders as CME's Fedwatch Tool shows a 57% probability of a 25-basis-point hike to a 3.75%-4% target range, up sharply from 39.9% on Aug. 21. The shift followed Fed Chair Warsh's Jackson Hole Economic Policy

US military forces struck Iranian rocket launchers in the Hormuz Strait on the 30th (local time), marking the first direct military action against Iran in about a month, while Fed Chair Kevin Warsh's hawkish Jackson Hole speech on the 28th sent the dollar surging and pushed markets to price in a 60%

Hanwha Investment & Securities raised its target price for LG CNS stocks to 100,000 won on August 31, an 11.1% increase from 90,000 won. The brokerage maintained a 'BUY' rating. Analyst Kim So-hye stated that LG CNS is positioned to benefit from expanding domestic artificial intelligence (AI) data c

The UK's HM Revenue and Customs (HMRC) published its first official statistics on taxable crypto asset gains on Aug. 27, revealing that 240 individuals each declared more than £1 million in capital gains during the 2024-25 tax year. The release forms part of HMRC's annual Capital Gains Tax statistic

Mirae Asset Asset Management's Hong Kong entity launched a tokenized class for the GlobalX HSCEI Covered Call Active ETF on the 27th, in partnership with Citi and digital asset platform OSL. This marks the first tokenization of a fund directly managed by Mirae Asset, where each token corresponds