Gate Insights and Crypto Market Analysis

At least five US asset managers are launching SK Hynix ADR-linked leveraged exchange-traded funds (ETFs) on New York stock exchanges starting July 13 (Eastern Time), according to the US ETF management industry on July 12 (local time). LeverageShares, GraniteShares, ProShares, and Corgi Funds are

SpaceX closed at $145.3 on local time 10th, the lowest price since its stock market debut, according to Reuters/Yonhap. The stock trades 8% above its IPO price of $135 but remains 36% below the intraday high of $225.64 recorded on last month 16th. NH Investment & Securities data shows 100% of SpaceX

SK Hynix stocks face sharply divided analyst forecasts, with target prices ranging from 1.85 million to 4.2 million KRW as of May 13. BNK Investment Securities maintained its 'hold' rating and 1.85 million KRW target—unchanged from its May 12 adjustment—while the stock closed at 2.076 million KRW on

South Korean financial firms and cryptocurrency exchanges are forming strategic partnerships as the Fair Trade Commission approved Mirae Asset Consulting's acquisition of approximately 92% of Korbit's shares. The approval allows Mirae Asset to implement digital asset strategies while competitors

Agricultural commodity exchange-traded notes (ETNs) listed on the Korea Exchange posted strong gains this month amid concerns that a Super El Niño event could disrupt crop yields. The Meritz Leveraged Representative Agricultural Futures ETN rose 9.1% this month to close at 10,230 won on the 10th, co

Apple filed a lawsuit against OpenAI and two former employees on Friday in the U.S. District Court for the Northern District of California, alleging the ChatGPT maker used stolen trade secrets for its consumer hardware efforts. The complaint names former Apple senior system electrical engineer

Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal bin Saqib called for digital assets to be assessed individually under Islamic law on Saturday after meeting with Mufti Taqi Usmani, a prominent Islamic scholar whose fatwa broadly rejected cryptocurrency purchases. Saqib said the di

US Central Command (CENTCOM) completed its third airstrike against Iran in one week on '12일' (local time), targeting approximately 140 Iranian military sites including missile and drone bases, naval assets, ammunition depots, communication networks, and coastal surveillance facilities. Iran's

Medical device company Remedi lists on the KOSDAQ market January 13 at a public offering price of ₩20,700 per share. Pharmaceutical ingredient manufacturer HLGenomics conducts public subscription January 13-14 at ₩21,500 per share with listing scheduled January 24. Remedi's institutional demand

Subversive ETFs filed registration documents with the U.S. Securities and Exchange Commission on the 9th local time for two exchange-traded funds that exclude companies led by Elon Musk from their portfolios. The filings introduce QQNE, which tracks the Nasdaq 100 index minus SpaceX and Tesla, and S

Snowflake stocks surged 115.87% over a three-month period from April 10 to July 10, closing at $261.45 on July 10 (local time) compared to $121.11 on April 10. The cloud-based data platform company recovered from a prior 40% decline earlier this year by transforming into essential AI

South Korea's National Pension Service eased rebalancing pressure as KOSPI's decline brought domestic stock weight within strategic limits. Meritz Securities estimated NPS domestic stock weight at 26.3% as of the 8th, down from 31.1% on the 22nd of last month, now below the 26.8% Strategic Asset

Samsung Electronics and SK Hynix stocks declined 7.9% and 10.1% respectively last week amid intensifying concerns over a memory chip industry 'peak-out,' with both stocks down 23.9% and 27.0% from recent highs. The decline was driven by concerns that the memory semiconductor cycle has passed its pea

SK hynix's American Depositary Shares (ADS) surged 12.76% on their Nasdaq debut May 10 (local time), closing at $168.01 against an offering price of $149. The South Korean memory chipmaker's first-day performance drew substantial global investor interest, with trading volume reaching nearly 106

Gold fell 1.6% to about $4,110 an ounce and silver dropped 4.3% to $59.70 during the week as Iran halted its ceasefire on July 8. The decline erased gains from a Monday rally triggered by weak June jobs data showing just 57,000 nonfarm payrolls added, well below the 110,000 economists expected.

Korean individual investors withdrew approximately 20 trillion KRW from stock market deposit accounts over a one-month period as the KOSPI index fell from above 9000 points to the 7200 range. Daily average net buying by individuals in the securities market declined 42.4% from 2.5956 trillion KRW

Hwang Chang-soon, chairman of the KONEX Association and CEO of auto and medical device parts manufacturer Taeyang3C, proposed allowing public offerings of approximately 5 billion won for new KONEX listings to address the market's liquidity crisis. The proposal comes one year after his appointment

Eight major South Korean card issuers reported a revenue decline in Q1 2025 despite rising loan volumes, as average interest rates dropped from 14.64% to 13.50%. Card loan revenue fell approximately 1.2% year-over-year to 1.31 trillion won, while loan issuance grew about 2% to 10.65 trillion won,

Five Senate Democrats called for congressional hearings into President Donald Trump's crypto holdings after financial disclosures revealed over $1.2 billion in crypto-related income. The lawmakers—Elizabeth Warren, Richard Blumenthal, Gary Peters, Dick Durbin, and Ron Wyden—issued a statement

The third week of July brings a concentrated schedule of major economic events across Korea and the United States. On July 13, Korean portable X-ray solutions firm Remedi lists on the Kosdaq following a retail subscription that attracted approximately 5.3 trillion won in deposits and a 1707-to-1