Gate Insights and Crypto Market Analysis

FOMO, a social trading app on Solana launched in 2025, generated about US$234,500 in 24-hour revenue on Sunday, according to DefiLlama, surpassing Phantom's wallet at about US$123,500 and Jupiter's swap aggregator at about US$81,000. The revenue surge positioned FOMO seventh among Solana protocols b

KOSPI breached the 7,000 level on the 13th, falling to 6,903.32 as of 2:20 PM, down 7.66% from the previous session. Lee Jin-woo, Research Center Director at Meritz Securities, attributed the decline to a supply-demand collapse during an adjustment phase, stating in a phone interview with Yonhap

Andy Burnham has been warned against implementing a 50% income tax rate for high earners if he becomes Prime Minister. The caution comes as tax experts cite historical precedent showing the last 50% rate generated surprisingly little Treasury revenue, according to The Times. Burnham told The

Mirae Asset Securities is projected to surpass Korea Investment Securities in net profit for the second quarter, maintaining its position as the securities industry leader. According to financial data provider FnGuide on the 13th, Mirae Asset's Q2 consolidated net profit forecast stands at 1.3825 tr

SK Hynix began trading American Depositary Receipts (ADR) on Nasdaq on the 13th, with market attention shifting beyond large-scale fundraising to potential valuation re-rating of the domestic stock. Analysts expect the valuation discount applied to SK Hynix to narrow as US investor accessibility

The U.S. government's gross national debt crossed $39 trillion around March 17 to March 18, according to Treasury data tracked by the Committee for a Responsible Federal Budget. The Congressional Budget Office projects a $1.9 trillion deficit in fiscal 2026, climbing to $3.1 trillion by 2036.

Eric Trump's bitcoin mining company American Bitcoin (ABTC) executed a 1-for-15 reverse stock split in early July, aiming to keep the Nasdaq listing minimum share price requirement. The company’s stock has cumulatively fallen by more than 95% from its all-time high. ABTC posted an operating loss of $118.2 million in Q1 2026, but it still added about 500 BTC, with total holdings exceeding 8,000 BTC. ABTC Executes a 1-for-15 Reverse Stock Split, Down More Than 95% Cumulatively From Its All-Time Hi

Bonzo Lend, a lending protocol on the Hedera network, lost approximately $9.05 million on July 11 after an attacker exploited a flaw in Supra's third-party oracle verifier. The attacker pushed a fake price update for the SAUCE token through the verifier by submitting a zeroed signature that was

SK Hynix and Samsung Electronics stocks plunged on July 13, with SK Hynix falling 12.43% to 271,000 won and Samsung Electronics dropping 8.42% to 261,000 won as of 2:03 PM. Analysts attributed the decline to fading expectations around SK Hynix's ADR listing, concerns over second-quarter earnings fal

Sangsangin Securities announced a 5-to-1 stock consolidation plan to address delisting warnings for penny stocks. The post-consolidation calculated share price stands at 3,830 won, below the required 5,000 won par value threshold. The company reported a profit rebound in Q1, but faces the

China’s Procuratorial Daily published an article titled “Systematically Cracking Down on the Legal Regulatory Dilemmas of Using Virtual Currencies to Launder Money,” noting that current judicial practice faces three layered systemic dilemmas when combating virtual currency money laundering crimes: first, dilemmas in the legal characterization of conduct; second, dilemmas in evidence collection; and third, dilemmas in tracing and recovering losses. The article proposes systematic response plans t

Korean stocks fell over 8% on July 13, triggering a circuit breaker as the KOSPI dropped to 6871.20 amid sharp declines in Samsung Electronics and SK Hynix. Goldman Sachs maintained its 12000 KOSPI target in a report issued the same day, calling the market oversold with a 12-month forward price-to-e

BitMine Chairman Tom Lee will deliver a speech at WebX 2026 on July 13, proposing a long-term target price for Ethereum of $250,000, and stating that Ethereum is in the “ETH 2.0” valuation jump phase; he compares it to the “1.0 to 2.0” shift at Amazon, Nvidia, and JPMorgan Chase. Tom Lee: Four key drivers pushing Ethereum’s $250,000 long-term target According to Tom Lee’s public remarks at WebX 2026, the four drivers behind Ethereum’s move toward an “ETH 2.0” valuation jump are as follows: A new

President Lee Jae-myung announced on the 13th the creation of a 'Future Response Fund' to utilize additional tax revenue generated from the artificial intelligence (AI) semiconductor boom for strategic investment in future preparedness. The announcement was made while presiding over the '2026

The Korea Composite Stock Price Index (KOSPI) experienced a significant selloff on July 13, dropping 7.87% to 6,887.68 points as of 1:00 p.m.; the Korea Exchange (KRX) triggered the market-wide circuit breaker, halting trading in KOSPI-listed stocks for 20 minutes. This is the seventh time the circuit breaker has been activated this year. Foreign investors net sold more than 2 trillion won, while institutional investors net sold more than 610 billion won. Dual triggering factors behind the KOSPI

Individual investors who lost money on JoongAng Group affiliate bonds demanded on 13th that the Financial Supervisory Service (FSS) inspect the full issuance, distribution, and sales process of JTBC corporate bonds and electronic short-term bonds. The legal team representing victims of JoongAng Grou

AI stock-market oracle Serenity stated in an X post that the market is witnessing a new type of “short-selling playbook” targeting companies in the trillion-dollar range; with NVIDIA (NVDA) and TSMC (TSM) stocks as the main targets, some analysts and creators are said to first focus on individual technical details or supply chain segments, then claim that the entire production line has already stalled. Serenity noted that the most crucial feature of this strategy is: “Winning is not hard, and be

Taiwanese wuxia game 《HuaXia Chuan》 (developed by the original “Diao Xiong”) has already surpassed 300,000 units in global sales. It recently attracted attention in Japan and even briefly climbed into the top 20 of Japan’s Steam best-seller chart. A community team that produces unofficial Japanese mods was interviewed by Japanese media outlet 《Game Spark》, revealing how they built a workflow for AI and human collaboration using Claude Fable 5. Alpaca self-funded a subscription to Claude Fable 5;

Major chip stocks declined in overnight trading ahead of Monday after fresh U.S. and Iranian strikes threatened their fragile peace deal. Intel led the drop with shares falling 4.6%, while Advanced Micro Devices and Broadcom slid about 3% each and Nvidia dropped 1.7%. The U.S. launched several

Philippine Energy Secretary Sharon Garin announced on July 13 that diesel prices will increase by P2.62 to P4.62 per liter starting July 14, marking another week of upward pressure on fuel costs. The price adjustments, covering the period from July 14 to 20, also include kerosene increases of P2.22