Gate Insights and Crypto Market Analysis

Shin Dong-guk will purchase Hanmi Science shares worth 172.7 billion won, disclosed after market close on the 7th. The transaction involves 3,604,799 shares through off-exchange purchases scheduled from next month's 7th to 11th, following a stock purchase agreement signed on the 6th with Hong

Citigroup stated that Jiantao Group (00148.HK) first-half results may exceed the bank's forecasts due to electronic-grade fiberglass cloth average selling prices potentially coming in higher than expected. The investment bank noted that continued reduction of the major shareholder's stake in Jiantao

Bitcoin rose nearly 10% over the past week to around $64,023, touching a two-week high above $64,500. Market maker Wintermute characterized the move as a 'textbook relief rally' driven by easing macroeconomic conditions, a more dovish tone from the Federal Reserve, and improving headlines around

Toss operating company Viva Republica announced on the 8th that it signed a memorandum of understanding (MOU) with global Ethereum Layer 2 project Optimism and privacy technology company Sunnyside Labs to verify digital financial infrastructure for developing won-pegged stablecoins. The

Current Pine AI Chief Scientist Li Bojie (once honored as Huawei "Genius Youth") stated on X on July 7, responding to ABCDE Capital partner Du Jun's accusations of "taking money and running, maliciously cutting off contact, and lacking contract spirit." Li claimed that under a $1.5 million investment agreement, ABCDE Capital only remitted $500,000, but the company's cap table recorded equity based on the full $1.5 million. Du Jun's Accusations vs. Li Bojie's Counterattack: Core Dispute Compariso

Yield Guild Games (YGG) co-founder Gabby Dizon announced on July 6 that the company is shutting down its game publishing division YGG Play, launched in 2025, with the platform and some games to be gradually taken offline by July 31. According to a Caladan report in April, of the approximately 3,200 blockchain gaming projects tracked, 93% have been classified as "effectively dead." YGG Play Shutdown Details: 35 Employees, Offline by July 31 According to YGG's official statement, the shutdown arra

Kakao traded at 33,450 won as of 1:55 PM on the 8th, down 1,950 won or 5.51% from the prior day, as securities firms continued downgrading target prices. Year-to-date through the 7th, Kakao stocks fell 41.10% while the KOSPI index rose 81.68%, with the current price roughly half the prior high of 69

From late June to early July, three major changes occurred at the Ethereum organizational level: On June 22, five former Ethereum Foundation (EF) core researchers announced the establishment of Ethlabs, an independent non-profit research and development lab aimed at making Ethereum the settlement layer of the global economy; on June 23, the EF announced a new organizational structure, ending collaboration with about 54 employees (approximately 20% of total staff). After the restructuring, ETH go

Two U.S. House Committees launched a joint investigation in April into the growing adoption of Chinese-developed AI models by American companies. The House Committee on Homeland Security and the House Select Committee on China initiated the probe over concerns that Chinese AI models raise security r

Zcash's ZEC token rose about 12% after developers behind Project Tachyon announced they are close to formally proving that the network's incoming Ironwood shielded pool carries no undetectable counterfeiting bug. The price gain follows progress on formal verification work aimed at ruling out a

Korean stocks plunged on the afternoon of the 8th, triggering circuit breakers as US-Iran military conflict intensified. The KOSPI fell 350.39 points, or 4.58%, to 7,305.92, while the KOSDAQ dropped 45.55 points, or 5.48%, to 785.68. The sell-off accelerated after Iran attacked over 80 US military f

Seoul Southern District Court rejected an injunction application filed by minority shareholders of Hanyang Securities against the company's planned new stock issuance on the 8th. The shareholders sought to block a third-party allocation capital increase targeting the company's major shareholder. Han

Filipino cloud communications provider Telavi presented its cloud-based PBX solution addressing a business problem that CEO Erwin Co says costs companies significant revenue: unanswered phone calls. According to analytics from organizations using Telavi's platform, around 30% of incoming business ca

The Hashgraph Group and String Metaverse launched BillsOnChain on July 7, a blockchain platform that converts purchase receipts into tokenized digital assets on the Hedera network. The platform aims to bridge conventional billing systems with blockchain technology by enabling receipts to become

Samsung Asset Management, South Korea's largest asset manager, announced on the 8th it is opening a Jeonju office after posting a job listing for institutional marketing support staff. The move follows the National Pension Service's decision last month to award bonus points to asset managers with of

Baek Joo-hyun, former Chief Investment Officer of the Government Employees Pension, was appointed as the new CIO of the Private School Teachers Pension on the 8th. The Private School Teachers Pension, which manages approximately 30 trillion won in assets, selected Baek through a personnel

The SEC added three crypto rulemaking projects to its 2026 regulatory agenda, covering the sale of digital assets, broker-dealer requirements, and crypto trading venues. The proposals aim to establish clearer terms for how tokens are issued, custodied, and traded in the US, addressing an area

Sa Sa International (00178) reported total revenue of HK$1.179 billion for the first quarter ending June, up 22.9% year-on-year. The Hong Kong and Macau region generated HK$901 million in revenue, a 31% increase, with same-store sales rising 30.1%. The growth was driven by strong offline performance, which recorded HK$992 million in sales, up 29.3% year-on-year, while the company strategically reduced lower-margin online B2B orders to prioritize higher-margin retail and B2C channels. Sa Sa Recor

Binance Africa posted a General Manager job opening for West Africa on July 6. The remote, full-time position sits within the company's Africa business development team and combines regulatory coordination, government engagement, market expansion, stakeholder management, and operational

The Reserve Bank of New Zealand (RBNZ) raised its Official Cash Rate (OCR) by 25 basis points to 2.50% on the 8th, matching market expectations, in response to inflation pressures stemming from the Iran war. The unanimous decision marks a policy reversal after the central bank had cut rates by 325 b