Gate Insights and Crypto Market Analysis

Citigroup cut its target price for MiniMax (stock code 00100) by 60%, from HKD 1,330 to HKD 533, while maintaining a 'Buy' rating. The downgrade reflects the pricing controversy and subdued market response surrounding the company's M3 model released in early June. Citigroup cited negative

The Hong Kong Securities and Futures Professionals Association (HKSFPA) stated on July 6 that after a meeting with regulatory representatives including Joseph Chan, Under Secretary for Financial Services and the Treasury, and Keith Yip, Executive Director of the Intermediaries Division of the Securities and Futures Commission (SFC), the SFC pledged to advance the separation of the "Certified Virtual Asset Professional" (CVAP) examination and its course, optimize study materials, and lower examin

Deribit and Signalplus launched a 600,000 USDC trading competition called 'The Island' running from July 6 at 08:00 UTC to August 10 at 23:59 UTC, 2026. Coinbase, which acquired Deribit for 2.9 billion dollars in August 2025, backs the five-week contest that offers a private island as the headline p

Japanese investment bank MUFG forecasts the Korean won will show gradual strength in the second half of the year, with the dollar-won exchange rate projected at 1,520 won in Q3 and 1,500 won in Q4. The forecast is driven by semiconductor-centered economic growth and anticipated Bank of Korea rate

Nvidia's Kyber rack-scale architecture, designed to house its 2027 Rubin Ultra chips, has been delayed by more than 12 months to 2028, according to research firm SemiAnalysis in a post on Monday. The setback stems from difficulties manufacturing a key circuit board at the heart of the system,

US stock futures climbed late Sunday after the Independence Day break, with Nasdaq 100 futures jumping 1.33%, S&P 500 futures rising 0.53%, and Dow futures up 0.15% at 8:11 PM EDT. The gains extended the previous week's rally as investors await the Federal Reserve's June meeting minutes due

Sellas Life Sciences (SLS) stock extended its three-week winning streak after MassMutual disclosed a 24-share position as of June 30. MassMutual Private Wealth & Trust reported the stake, valued at $354.24, on July 2 ahead of Sellas' Phase 3 Regal trial readout for acute myeloid leukemia (AML).

IREN Ltd. shares rose nearly 5% in overnight trading on Sunday following a report that Anthropic privately tendered for $15 billion in cloud capacity in Australia, a development positioning the neocloud company as a potential contractor for the AI startup. The Australian Financial Review reported th

Berkshire Hathaway founder Warren Buffett's most frequently cited stock market valuation indicator has exceeded 233%, hitting an all-time high, far surpassing the 200% "playing with fire" warning threshold he set in a 2001 Fortune magazine article. In an interview with CNBC at the Berkshire annual meeting in May, Buffett issued an 11-word warning, saying he has never seen people as keen on gambling as they are now. Buffett's 11-Word Warning: Stock Market Casino Analogy and Context of the 2026 Sh

Reuters reported that Hong Kong is facing a wave of lock-up expirations for new shares this week, with approximately $274 billion worth of locked shares set to unlock over the next 12 months, hitting a record high. Selling pressure in the secondary market is concentrated in July and September, which may create liquidity resistance. This week's unlocking shares include Zhipu, MiniMax, Shanghai Starlight Microchip, and others. In H1 2026, Hong Kong ECM fundraising increased by 17.8% year-on-year, with 54 IPOs, the highest since 2021, and a significant proportion of high-tech listings.

South Korea's Financial Services Commission (FSC) and Korea Exchange (KRX) released new dual listing guidelines on May 6, requiring subsidiaries formed through spin-offs to obtain parent company shareholder approval before pursuing an initial public offering (IPO). The move aims to address

UK Reform Party leader Nigel Farage has been exposed by a Sunday Times investigation for failing to disclose financial support including security, chauffeur, social media staff, and accommodation provided by George Cottrell in the year before being elected as an MP in 2024, in violation of UK House of Commons disclosure rules. Cottrell is a key figure in Tether.bet, an offshore cryptocurrency betting company that accepts large wagers in USDT. George Cottrell's Criminal Record and Tether.bet Conn

On July 6, 2026, the South Korean stock market opened with significant volatility. The Korea Composite Stock Price Index (KOSPI) widened its intraday decline to 2%, with the semiconductor sector under notable pressure. SK Hynix fell over 4% at one point during the session, and as of the intraday trading period, its stock price was temporarily reported at $1,519 (converted based on the ADR reference price), with an opening decline of approximately 3.9%. This price movement occurred at an extremel

South Korea's Financial Services Commission and Korea Exchange announced duplicate listing ban guidelines on May 6, prohibiting parent companies from listing subsidiaries that function as economically identical entities. The regulatory overhaul targets Korea's duplicate listing ratio of 11.2% of

Wood Mackenzie forecasts US natural gas prices will rise through 2035, ending a decade of low-cost supply driven by the AI boom and expanding LNG exports. The energy consultancy stated that AI data center construction and US LNG export infrastructure expansion will support strong demand. For 10

Brookings Institution researcher Robin Brooks published analysis on Substack on the 5th (local time) arguing that the Federal Reserve cannot meaningfully reduce its balance sheet without accepting higher long-term Treasury rates, casting doubt on potential Fed Chair Kevin Warsh's stated commitment t

South Korea's Financial Supervisory Service reviewed voting rights exercise records from 285 public and private asset management companies covering 46,827 agendas disclosed from April last year to March this year, finding an exercise rate of 91.8% and an opposition rate of 8.2%. The improvement

A consortium of over 140 global financial and big tech companies launched the Open USD (OUSD) stablecoin on May 30 (local time), triggering a 17.5% single-day drop in Circle's stock price. The new stablecoin introduced a revenue-sharing model that distributes reserve asset interest income to

SBI Crypto, the cryptocurrency subsidiary of Japanese financial giant SBI Group, announced that it will officially close its Bitcoin mining pool on July 31, ending the service launched in 2021; according to Hashrate Index data, the mining pool currently accounts for about 2% of Bitcoin's total network hashrate. SBI Crypto Mining Pool to Stop Accepting Hashrate Shares on July 31; Miners Must Complete Hashrate Transfer Before That Date According to the official announcement from SBI Crypto, the mi

Westpac forecasts the Reserve Bank of New Zealand (RBNZ) will hold its Official Cash Rate (OCR) at 2.25% at the July 8 monetary policy meeting. The Australian bank cited a sharp drop in international oil prices following Middle East ceasefire agreements, which significantly reduced inflation