Gate Insights and Crypto Market Analysis

Galaxy Research reported that suspected attackers swept approximately 1,367 BTC worth $88.6 million from 4,585 Coldcard wallet addresses across three waves between July 30 and Aug. 1, according to preliminary analysis of Bitcoin blockchain data disclosed on X. The theft exploited a vulnerability in

SK Telecom is projected to report significant operating profit improvement in Q2, according to a consensus forecast from 16 securities firms compiled by Yonhap Infomax. The telecom operator is expected to post revenue of 4.4084 trillion won and operating profit of 546.8 billion won for the

KOSPI experienced unprecedented volatility during the final week of July, plunging 10.84% on July 28 before surging 17.91% on July 31 to close at 6595.45—marking the index's largest single-day percentage gain on record. The whipsaw moves were triggered by initial concerns over AI investment

Major South Korean companies including LG Electronics and Doosan Bobcat received substantial tariff refunds from the US government in Q2, boosting their quarterly earnings with one-time gains. The refunds stem from the US government's decision to return tariffs previously imposed under the

South Korean financial authorities are internally reviewing the 2008-2011 Equity-Linked Warrants (ELW) regulatory case as they develop measures to address single-stock leveraged ETF speculation. The Financial Services Commission (FSC) and Financial Supervisory Service (FSS) are studying the past ELW

Strategy Executive Chairman Michael Saylor confirmed on August 1 that the dividend rate for STRC, the company's Variable Rate Series A Perpetual Preferred Stock, will hold at 12.00% for August 2026. STRC closed at $89.46 on July 31, approximately 10-11% below its $100 par value. The 12% rate

Samsung Electronics and SK Hynix surged over 20% on July 31, yet both Korean stocks closed at approximately half their average analyst target prices. Samsung Electronics ended at 262,500 won against an average target

Shelbit, a Dubai-based unlicensed crypto exchange, processed at least $4 billion connecting Iranian gambling networks and sanctioned entities, Reuters reported Friday. The exchange, run by Iranian expatriate Siavash Kayvanpour, began operations in May 2024 according to blockchain data analyzed by tw

South Korea's Fair Trade Commission will hold plenary meetings on the 19th, 20th, and 26th of this month to deliberate antitrust enforcement against 15 Primary Dealers accused of information exchange during government bond competitive bidding. The FTC alleges that 10 securities firms and 5 banks

Korean retail investors incurred estimated losses of approximately 50 trillion won (about $33.7 billion USD) in US stocks over a two-month period from June through July, according to data from Korea Securities Depository. The losses occurred despite net purchases totaling $5.3 billion during the

The KOSPI experienced a sharp decline in July, falling over 22% on a closing basis within a single month, according to data from the Korea Exchange and Yonhap Infomax. Market safety mechanisms were triggered frequently throughout the month as negative factors including semiconductor peak-out

Fashion platform company Delicious and military satellite communication antenna specialist K&S INC will conduct public stock subscriptions for retail investors during the first week of August (3-7). According to the financial investment industry on August 2, Delicious will hold subscriptions on Augu

Korean stocks experienced a broad decline last month, with 73% of KOSPI-listed stocks falling through the 29th as semiconductor sector losses triggered market-wide selling. Circuit breakers were activated on the 29th for two consecutive trading days, according to Korea Exchange data released on the

The Korean won appreciated 8.81% against the US dollar in July, marking the fastest monthly gain since March 2009 during the global financial crisis, according to Seoul foreign exchange market data released on August 2. The exchange rate fell 125.4 won in one month, from 1,549.4 won at the end of Ju

South Korean cryptocurrency exchanges recorded an active user rate of 19.5% as of the end of June 2025, according to data submitted by Financial Supervisory Service to National Assembly member Lee Jong-wook of the People Power Party. Among all users who completed Know Your Customer (KYC)

KB Securities and Samsung Securities forecast KOSPI recovery bands of 5500-8000 and 6000-8000 respectively for August following July's sharp decline. On July 31, foreign investors recorded the largest single-day net purchase in KOSPI history at 8.7927

Korean retail investors shifted funds from stocks to bank deposits in July following a historic KOSPI crash. The composite index fell 33.91% from its June 22 peak of 9114.55, triggering the largest monthly decline since 1990 at -28.94%. Five major Korean banks recorded deposit balance increases of 2

South Korean cryptocurrency exchanges recorded net stablecoin outflows of 560.3 billion won in June, according to data submitted to lawmaker Lee Jong-wook of the People Power Party by the Financial Supervisory Service. The outflows have continued for 18 consecutive months starting from January of la

Andrey Poroshin, a financial analyst at Bitbanker, expects Bitcoin to drop to $60K in August before recovering to $70K. Poroshin cited the Federal Reserve's recent decision to maintain interest rates as failing to provide clear market direction, with inflation remaining above the 2% target. He