Gate Insights and Crypto Market Analysis

The Russian State Duma Financial Market Committee approved the final version of the second reading of the cryptocurrency regulation bill on July 8, which will be submitted for formal second reading deliberation; Committee Chairman Anatoly Aksakov revealed several key adjustments. The second reading version cancels the requirement to compulsorily declare crypto wallet addresses, replacing it with only declaring balances and transaction records. A new amendment allows the legal use of cryptocurren

On July 7, Anthropic announced that Claude Cowork, an AI agent tool previously limited to desktop applications, has officially expanded to mobile devices and web platforms. Users subscribed to the "Max" plan can now access cross-platform features. Anthropic also released usage data from late May covering over 600,000 organizations and 1.2 million anonymous sessions: business process operations accounted for 33.4%. Claude Cowork Cross-Platform Expansion: Core Feature Design for Mobile and Web Acc

South Korean 3-year government bond yields remain confined to a 3.7-3.9% range, with market participants noting that the upper bound could extend to 4% based on a previous auction result. Bond dealers assess that concerns over a 'big step' rate hike have largely subsided following recent

CNBC host Jim Cramer said on X on July 7 that the recent sell-off of NVIDIA was a "misleading sell-off," and wrote on X: "NVIDIA said its product roadmap remains unchanged. To me, that means buy." Semiconductor research firm SemiAnalysis reported that NVIDIA's Kyber NVL144 rack architecture has been delayed by more than 12 months due to PCB midplane manufacturing challenges. SemiAnalysis Report: Kyber NVL144 Delayed to 2028 Due to PCB Midplane Issue According to a report released by SemiAnalysis

South Korea's foreign exchange authorities recorded a net long forward position of $6.359 billion at the end of May, marking a $1 billion increase from the previous month's $5.359 billion, according to International Monetary Fund data. The position extended its growth streak to four consecutive mont

The Bank of England's (BOE) anticipated regulatory easing may expand demand for UK government bonds (gilts), according to ING Bank's analysis published on May 7 (local time). ING stated that the BOE's forthcoming Financial Stability Report could include changes to bank capital requirement

Hyosung Chemical stocks surged for four consecutive trading days through July 8, driven by forecasts that the company's Q2 operating profit will exceed 100 billion won. IBK Securities issued the earnings projection on July 7, triggering a 29.84% single-day gain that closed at 67,000 won. The stock r

Individual investors using margin trading in South Korea's stock market faced forced liquidations totaling an average of 527 billion won per day in June, as the KOSPI index fell to the 7,500 level, according to data released by the Financial Supervisory Service on July 8. The daily average forced li

Vanguard posted a Head of Digital Assets role on July 6 within its Personal Wealth division. The position covers tokenization, stablecoins, custody, settlement, governance, compliance, and client-facing capabilities. The move follows Vanguard's December 2025 decision to allow clients to trade

The USD-KRW exchange rate plunged to the 1,510 won range on the 8th following coordinated intervention signals between Korean and Japanese forex authorities and suspected smoothing operations by Korean authorities. As of 6:00 AM on the 8th, USD-KRW traded at 1,515.80 won, down 14.50 won from the

SK Hynix began selling forward exchange contracts on May 3 ahead of its American Depositary Receipt (ADR) listing on Nasdaq, according to Seoul foreign exchange market sources. The South Korean memory chip manufacturer is hedging currency risk for its approximately $28.5 billion ADR issuance,

Korean search giant Naver's financial subsidiary Naver Financial and Upbit's parent company Dunamu officially announced a second extension of their $9.9 billion stock swap agreement on July 7, postponing the completion deadline from the original September 30 to December 31. The core reason for the delay is that three official reviews have not yet been cleared. Three Official Reviews Not Yet Cleared: FTC Antitrust, Major Shareholder Change Approval, and Filing Acceptance According to reports, the

On July 8, the Wormhole interoperability platform announced on X that the Moonbeam network will officially shut down on July 31; the transition period (during which the parachain remains operational) will end on that day, after which the chain will begin a gradual shutdown. Portal and Wormhole contributors will not be able to assist in retrieving stuck assets after July 31. Wormhole urges users to complete bridge transfers before the deadline. Wormhole: After July 31, Portal and contributors can

Bitcoin (BTC) edged slightly lower after a rebound, temporarily trading around $63,570 on July 8. The U.S. Securities and Exchange Commission (SEC) released its 2026 regulatory agenda, proposing revisions to rules for crypto exchanges and broker-dealers, as well as easing corporate filings. EU lawmakers adopted a digital asset policy stance after the transition period of the Markets in Crypto-Assets Regulation (MiCA), assessing DeFi, staking, crypto lending, and NFTs. Macro Events & Crypto Hotsp

The KOSPI index reversed from an early decline to gains on the morning of the 8th, driven by expanded institutional buying after semiconductor peak-out concerns triggered an initial drop. The index opened down 291.99 points (3.81%) at 7,364.32 but climbed to 7,776.75 by 10:00 AM, up 1.57% from the p

Securitize (ticker: SECZ), a blockchain-based real-world asset (RWA) tokenization platform, closed 25.92% lower at $8.06 on the 8th (Korean time) on the New York Stock Exchange (NYSE), according to Yahoo Finance. The stock hit an intraday low of $8 and traded around $8.12 in after-hours sessions,

South Korea's Financial Services Commission held a meeting on the 8th to review the first-year performance of its Joint Response Team against stock price manipulation. The task force, which launched last July with 36 members and has grown to 90, detected over 10 major unfair trading cases. The FSC a

Woori Bank announced on July 8 that it raised a total of $275 million by issuing foreign currency bonds through four overseas branches in London, Hong Kong, Los Angeles (LA), and Singapore. This marks the first time Woori Bank's overseas branches independently issued foreign currency bonds without i

South Korea's Ministry of Economy and Finance Vice Minister Heo Jang chaired a Won Internationalization Task Force meeting on May 8 to finalize a roadmap for transitioning the Korean Won from a regulated currency to a freely convertible currency, with the government planning to announce the roadmap

Dunamu, the operator of cryptocurrency exchange Upbit, announced on the 8th that it is operating an Upbit customer desk at the customer service lounge on the 8th floor of The Hyundai Daegu in Dongseong-ro, Jung-gu, Daegu, until September 23. The customer desk provides one-on-one consultation and