Gate Insights and Crypto Market Analysis

Tesla and SpaceX confirmed on Thursday that Terafab, a $16.8 billion semiconductor complex spanning over 100 million square feet in Grimes County, Texas, will create at least 3,000 jobs in its first phase and produce AI compute primarily for SpaceX spacecraft. CEO Elon Musk said the facility would a

OpenAI announced that it had acquired an undisclosed number of patents from chip startup Rain AI. Previously, negotiations for OpenAI to acquire the entire company had broken down; nearly all Rain AI employees had left, and operations had almost completely ground to a halt. On the same day, OpenAI asked a federal judge to dismiss Apple’s lawsuit over hardware trade secrets. Apple alleges that a former engineer leaked confidential hardware information to OpenAI. OpenAI Acquires Some of Rain AI’s

Security researcher Vangelis Stykas disclosed at the Black Hat conference in Las Vegas that North Korean state-backed hackers had successfully infiltrated 1,640 companies in 57 countries. Hundreds suffered severe breaches, including root access to cloud servers and AWS accounts, as well as master cryptographic keys belonging to blockchain companies. Stykas uncovered the details of the attack after North Korean hackers accidentally infected their own systems with malware. Stykas’s Investigation:

The Rich Dad Poor Dad author Robert Kiyosaki listed four favored assets—gold, silver, Bitcoin, and Ethereum—in a FinanceBuzz report on Aug. 6, arguing that relying on cash savings may leave people behind the times. Kiyosaki’s argument is based on the fact that, according to U.S. Treasury data, U.S. government debt stood at approximately $39.7 trillion at the end of July. He believes the government is heading toward a currency crisis by printing money. Kiyosaki’s Specific Holdings and Price Targe

Hyundai Steel reported Q2 revenue of 6.1073 trillion won and operating profit of 57.7 billion won on the 7th. Korea Investment & Securities maintained a 'buy' rating and 62,000 won target price despite the 43.3% year-over-year profit decline. Analyst Choi Moon-sun attributed the positive outlook

The U.S. cryptocurrency market structure bill, the CLARITY Act, is entering a critical countdown, with only 2 business days remaining before the Senate’s scheduled Aug. 7 summer recess. However, the Senate has not scheduled a vote. If the first procedural vote fails to secure 60 votes, the bill will likely be delayed until it can be revived after the U.S. midterm elections, at which point its legislative fate will depend on the post-election makeup of Congress. Status of Three Major Contested Pr

Reuters reported on Aug. 7, citing two people familiar with the matter who requested anonymity, that Alibaba plans to require major commercial users of its open-source AI models—including the recently released Qwen3.8-Max—to enter into revenue-sharing agreements next week. The move would be similar to the licensing model Moonshot adopted for its Kimi K3 model. Alibaba's specific revenue-sharing ratio remains unclear, and the two sides are still negotiating. Alibaba Qwen's Planned Revenue-Sharing

Top-performing investors at Mirae Asset Securities net bought Samsung Electro-Mechanics, OI Solution, and Hyundai Motor 2nd Pref B on the morning of the 7th, while SK Hynix led net selling for the second consecutive day. The trading activity occurred among investors in the top 1% by returns over the

Iovance Biotherapeutics, Replimune, and Roku stocks reached new 52-week highs on Thursday. Iovance stock soared 43%, Replimune climbed nearly 9%, and Roku gained 2%. The rallies were driven by Iovance's stronger-than-expected Q2 results showing $99.3 million in revenue, FDA's accelerated approval

OpenAI announced in an official notice on August 7 that all usage limits on text conversations in ChatGPT would be removed, just as ChatGPT's weekly active users surpassed 1 billion. The new GPT-5.6 Luna model will replace GPT-5.5 as the default model for Free and Go users, and text conversations will no longer be subject to usage-based rate limits. GPT-5.6 Luna Becomes the New Default Model; Free-Tier Text Conversations Are No Longer Limited OpenAI's official announcement stated that GPT-5.6 Lu

Individual investors in South Korea heavily purchased semiconductor stocks during the period from the 3rd to the 6th on a query date basis, viewing the market downturn as a low-price buying opportunity. According to Korea Securities Depository on the 7th, retail investors' net purchases in major mar

Collateral trust creditors are determining the fate of South Korean companies in rehabilitation proceedings, as demonstrated by cases spanning from 2016 to 2024. In June 2016, Namchuncheon Country Club's rehabilitation procedure was terminated when Meritz, holding priority beneficiary rights

POP MART (09992-HK) shares have attracted market attention. The Hong Kong Stock Exchange’s latest disclosure of interests, dated July 30, shows that H&H International Investment, owned by prominent investor Duan Yongping, reduced its stake in POP MART from 7.65% to 5.55%. Its holdings decreased by approximately 27.93M shares to approximately 73.9 million shares. Duan Yongping remains a significant shareholder of POP MART. Latest Disclosure by the Hong Kong Stock Exchange as of July 30 According

According to a report by ZDNet citing industry sources, Samsung Electronics (005930.KS)’s MX division recorded its first-ever quarterly operating loss in Q2 2026, amounting to 700 billion won. At the same time, Samsung is considering a dual-sourcing strategy for the display driver ICs (DDIs) used in certain Galaxy S27 models and the Galaxy S28 Ultra. DDI Supplier Evaluation for the Galaxy S27 and S28 Ultra According to a report by ZDNet citing industry sources, the DDI supply arrangements for th

Swift announced Aug. 5 that Bank of America and J.P. Morgan have activated its new international retail transfer framework, adding two major US banks to a network designed to improve cross-border payments. The initiative allows consumers and businesses to see costs before sending money, receive

KDB Life Insurance held its main bidding round on the 7th, with Samsung Life and Heungkuk Life emerging as the leading candidates among five preliminary bidders, according to investment banking and insurance industry sources. The sale represents the seventh attempt by KDB Development Bank to

Japan's Ministry of Finance released quarterly data on August 7 revealing three yen-buying interventions conducted between April 30 and May 6, totaling specific amounts aimed at defending the currency's value. The interventions occurred during Japan's Golden Week holiday period when market

KG Mobility (KGM) issued convertible bonds worth 108.1 billion won to Chinese automaker Chery early this month, deepening their strategic cooperation. If all conversion rights are exercised, Chery could hold up to 16% of KGM's existing shares, with the conversion period running from August next