Gate Insights and Crypto Market Analysis

According to a Sept. 3 report by Malwarebytes, scammers built a phishing website disguised as a GTA 6 fan countdown page, claiming to sell a leaked version of the game for $50 or 1 SOL and luring visitors into connecting their cryptocurrency wallets. The website embedded two malicious scripts targeting seven blockchains, including Ethereum and Polygon, which could immediately transfer Assets or obtain Approval to subsequently transfer tokens and NFTs. Phishing Website Disguised as a GTA 6 Fan Co

The USD-KRW exchange rate tested the 1,350 won level on September 3rd as selling-dominated supply drove continued downward momentum. The sharp overnight drop in USD-JPY, which fell over 1 yen from the mid-159 yen range to around 158.20 yen in the New York session, accelerated the decline in USD-KRW

The Bank of Korea removed the country-by-country foreign exchange reserves ranking table from its monthly press release on September 3. The central bank stated that absolute reserve rankings fail to accurately reflect a nation's external soundness and can generate market noise when rankings

Bitcoin is facing dual pressure from inflation concerns triggered by rising oil prices and expectations of a FED rate hike, and was temporarily trading at around $77,000 on September 3. WTI crude oil was trading at around $90.80 per barrel, up approximately 35.48% cumulatively from $67.02 before the outbreak of the Iran war. U.S. President Trump posted on Truth Social proposing that the Strait of Hormuz be renamed the “Trump Strait,” claiming that the United States has almost complete control ov

Securitize and Socios.com announced a strategic partnership on local time 2nd to tokenize minority equity stakes in professional sports teams through blockchain-based tokens called Socios Equity Tokens. The partnership aims to improve investor access to an asset class valued at $500 billion

STORJ experienced a 7.12% price increase in 15 minutes, rising from $0.0281 to $0.0301. Trading volume during this period reached $882,793.71. The surge occurred despite a 24-hour decline of 6.52%, with traders attributing the movement to short-term sentiment shifts and speculative trading

US Special Envoy Steve Witkoff met with UAE National Security Advisor Tahnoon bin Zayed Al Nahyan (TBZ) last weekend on the Mediterranean island of Sardinia to discuss next steps for resolving the Iran crisis, Axios reported on the 2nd (local time) citing two sources. The meeting occurred days

Evercore ISI strategist Julian Emanuel recommended investors purchase negative-beta stocks in September as US equity markets face heightened volatility. In a report released on the 2nd, Emanuel stated that buying negative-beta stocks helps long-term investment portfolios withstand periods of

Homeplus, a South Korean retailer, secured approval for its corporate rehabilitation plan at a creditors' meeting held on the 2nd, with 75.90% of rehabilitation creditors consenting to the proposal. The plan received unanimous support from secured creditors and shareholders, while

David Bailey's Nakamoto Inc. reported a 99% stock collapse from its 2025 peak and is pivoting its business strategy away from equity-based Bitcoin purchases toward cash-generating acquisitions, according to Bloomberg. The company posted a net loss of $371.8 million for the first six months of 2026 a

Four South Korean financial holding company chairmen have recorded unrealized gains of hundreds of millions to over 1 billion won from treasury stock holdings as of the 2nd, following stock price surges of 39.4%-70.3% year-over-year. KB

The KOSPI stock index recorded its lowest daily average trading volume of the year in August at 25.76 trillion won, down from over 50 trillion won in May and June when the index rallied to record highs above 9000 points. The decline followed momentum loss after semiconductor companies' earnings and

Grayscale Head of Research Zach Pandl argued on Sept. 1 that crypto could serve as a diversification tool as U.S. household equity exposure reached a record 46.71% of financial assets at the end of 2025, according to Federal Reserve data. The assessment highlighted that elevated stock

South Korea's Vice Finance Minister Heo Jang chaired an emergency economic meeting on September 3rd at the Government Complex-Seoul, warning that uncertainty surrounding the Middle East war and potential resumption of military conflict between the US and Iran continues to persist. Heo emphasized the

ANKR cryptocurrency surged 10.71% in five minutes, climbing to $0.00465 amid significant trading activity. The price increased from $0.004 to $0.005 during this rapid movement, with a 24-hour change of 16.83% drawing attention from traders. The broader crypto market is currently displaying mixed sig

Korean stock markets rebounded with over 1% gains at the opening after declining the previous day, as US Treasury yields stabilized. The KOSPI opened at 6,650.33, up 87.61 points or 1.33% from the previous trading day, while the KOSDAQ index started at 814.31, gaining 10.33 points or 1.28%,

SK Hynix's potential production partnership with Kioxia in Japan has drawn renewed attention following public statements by SK Group Chairman Chey Tae-won about joint manufacturing possibilities. SK Hynix retains convertible bonds linked to Kioxia's largest shareholder after recovering most of its i

South Korea's Finance Minister Park Hong-geun announced on the 3rd that next year's new government bond issuance will be reduced by 12.5 trillion won, with the managed fiscal balance improving to -0.1%. The announcement was made during an appearance on the ruling party's official YouTube channel

Alteogen secured its fourth subcutaneous injection (SC) formulation conversion platform technology licensing deal this year, signing an agreement with global pharmaceutical company Novartis worth up to $3.223 billion (approximately 4.4165 trillion KRW) on the day before publication. The deal

Samsung Electronics and SK Hynix led gains in Korean pre-market trading on the morning of September 3rd, with semiconductor stocks attracting bargain-hunting following a US market rebound. As of 8:19 AM, Samsung Electronics traded at 254,500 won, up 4,000 won or 1.60% from the previous session,