Gate Insights and Crypto Market Analysis

On August 7, 2026, Beijing time, financial markets are simultaneously at the intersection of two major variables. The first variable comes from the U.S. labor market. The July NFP employment data due to be released tonight, Beijing time, is widely regarded by the market as a key basis for assessing the Federal Reserve’s next policy path—whether the U.S. economy is continuing to cool, whether the Fed has room to cut rates, and whether dollar liquidity will improve will all be reflected in the dat

Naver's Financial division reported Q2 revenue of 470.7 billion won, a 16% year-over-year increase from 405.6 billion won in the same period last year, driven by Smart Store growth and Npay Connect offline terminal expansion. The company disclosed on August 7 that this marks consecutive quarterly re

MetaMask announced on August 6 the launch of the early access program for “MetaMask Agent Wallet,” a self-custodial wallet solution designed specifically for AI agents. It allows AI agents to autonomously execute DeFi operations such as token swaps, perpetual futures, prediction markets, and liquidity provision (LP). Transactions that pass security reviews are covered by up to $10,000 in protection per month. Agent Wallet’s Security Architecture According to MetaMask’s official statement, the co

Korea Securities Depository (KSD) started this month to build clearing and settlement infrastructure for over-the-counter (OTC) trading of unlisted stocks and fractional investments, targeting completion within this year. The initiative applies a T+1 settlement cycle and aims to improve investor

SanDisk (NAS:SNDK) stock declined sharply on 6일 (미국 현지시각) after the company's next-quarter revenue guidance midpoint of 103억 to 108억 달러 fell slightly below the Wall Street consensus of 108억 달러, according to Yahoo Finance. The decline was attributed to profit-taking as investor expectations had

Intel stocks crossed above the 100-day moving average on the 4th of this month for the first time since July 24. The stock closed at $99.81 on the 6th (local time) with a 1.24% decline. The technical setup follows the company's strongest quarterly revenue growth in 15 years during Q2, which

According to Federal Election Commission filings through Aug. 7, Fairshake-affiliated PACs Defend American Jobs and Protect Progress spent more than $1.5 million on ads supporting House and Senate candidates in Alaska, Florida, and Wyoming. Most of the candidates listed above voted for the CLARITY Act while serving in Congress. FEC Filings Disclose: Detailed Fairshake PAC Spending in Three States (Source: Federal Election Commission) According to Federal Election Commission (FEC) filings through

Global research firm CFRA raised its year-end S&P 500 target to 8,050, up from 7,400, reflecting strengthened optimism on US stocks. The revision suggests approximately 4% additional upside from the previous close of 7,709.96, translating to a roughly 17.6% annual gain for the index. CFRA also set a

Bitcoin (BTC) gave back its midweek gains, trading at around $64,370 as of August 7. Bloomberg, citing people familiar with the matter, reported that Trump could receive substantial tax benefits from the asset-divestment plan under the CLARITY Act. Thailand confirmed that cryptocurrency trades will be exempt from capital gains tax, with the exemption valid through the end of 2029. Macro Events & Crypto Highlights Bloomberg, citing people familiar with the matter, reported that Senators Thom Till

LG AI Research achieved top global rankings on the 7th with two AI foundation models, surpassing major US and Chinese tech companies. The 'EXAONE Tabular' model scored 1,760 ELO points on the global leaderboard, exceeding Google's latest TabFM model released last month at 1,749 points, while 'EXAONE

Strategy Executive Chairman Michael Saylor said in an August 6 interview with Fortune’s CEO Diaries that he used ChatGPT to help design a Bitcoin-based preferred stock financing plan, ultimately helping the company raise approximately $15 billion through IPOs and related offerings. He said AI “created $15 billion in wealth for him.” ChatGPT Helped Strategy Design Bitcoin-Based Preferred Stock According to Fortune, Saylor said that after Strategy tried more traditional financing methods to purcha

Tesla (TSLA), the electric vehicle maker, and space exploration company SpaceX announced on Aug. 6 that they would jointly provide $16.8 billion in initial funding to build an advanced semiconductor wafer fab called “Terafab” in Grimes County, outside Houston, Texas. Traditional chipmaking giant Intel has said it will participate in the Terafab project but has not disclosed details about its contribution. Terafab’s Scale and Location According to TechCrunch reports and official statements, Teraf

The USD-KRW exchange rate is expected to attempt a rise from the 1,420 won level on the 7th, reflecting external conditions fueling strong dollar flows. International oil prices and the dollar, which had been gradually declining, reversed direction upward overnight. Uncertainty surrounding the

South Korea's Ministry of Trade, Industry and Energy and Ministry of Climate, Energy and Environment signed a memorandum of understanding on the 7th for policy cooperation in the used battery sector. The collaboration aims to strengthen critical mineral supply chains and enhance national resource se

GS Retail reported Q2 2026 consolidated revenue of 3.1751 trillion won and operating profit of 109.4 billion won on August 7, representing year-over-year increases of 6.7% and 27.5% respectively. The South Korean retailer exceeded market expectations, which had forecast revenue of 3.117 trillion won

Bitcoin fell to $64,312 on August 7, mainly due to stronger-than-expected U.S. employment data, which fueled expectations of an interest rate hike. The U.S. Department of Labor announced that initial jobless claims for the week ending August 1 totaled 199k, below economists’ forecast of 204k. CME FedWatch data showed that traders saw a 54.71% chance of a 25-bps rate hike in September. U.S. Initial Jobless Claims and Key Macroeconomic Indicators Based on the latest data from the U.S. Department o

Korea Housing Finance Corporation, Shinhan Bank, and KB Kookmin Bank are preparing to issue euro-denominated covered bonds, with Korea Housing Finance Corporation expected to begin bookbuilding late this month, followed by the two banks. The institutions are targeting the European covered bond

Ned Davis Research warned the US stock market rally may be ending, with patterns similar to past bear markets emerging. Chief Global Strategist Tim Hayes stated the market shows overbought, over-owned, and overvalued conditions that historically appeared at bull market peaks, with indicators