Gate Insights and Crypto Market Analysis

AsWeMake, operator of food ingredient ordering and delivery platform QMarket, faced fraud allegations during a 50 billion won fundraising round. New investors discovered discrepancies in client records, sales data, and bank balances during due diligence verification. Founder and CEO Son Soo-young

Bitcoin and gold showed signs of price synchronization as their correlation coefficient turned positive to 0.2207 on the 9th, according to CoinGlass data viewed on the 10th. The shift marks a reversal from the negative correlation of -0.2021 recorded on the 31st of last month. Correlation coefficien

Korean brokerage firms issued target prices for SK Hynix ranging from 1.48 million won to 4.7 million won based on reports published from June 1 to August 6, creating a 217.6% gap between the lowest and highest estimates. The divergence stems from conflicting views on memory chip supply dynamics and

Bitcoin (BTC) gave back its weekend gains, trading at around $65,030 on August 10. Strategy founder Michael Saylor said BIP-110 has received only around 0.15% of Bitcoin’s hashrate and that its first difficulty adjustment could take 25 years. South Korean People Power Party lawmaker Jung Sung-kook plans to propose a bill delaying the implementation of taxation on virtual asset income by three years, until 2030. Macroeconomic Events & Crypto Hotspots Michael Saylor posted on X that the BIP-110 br

The Korean Exchange triggered a buy-side sidecar for the KOSDAQ market at 9:50 AM on August 10, marking the third such activation in August. The circuit breaker engaged after the KOSDAQ150 futures index rose more than 6% and the spot index climbed over 3% compared to the previous trading day's

On August 7, SpaceX（SPCX） closed at $133.11, rising 15.83% on the day and gaining 25.77% cumulatively over the past five trading days. What makes this rebound unusual is that it occurred precisely as the widely feared “unlocking sell-off” hit the market. Source: Google Finance On August 6, Beijing time, SpaceX’s first large-scale post-IPO lock-up period expired. Approximately 911.5 million shares held by insiders became eligible for trading, lifting the company’s free-

Samsung Electronics announced on the 10th that global pre-sales of its Galaxy Z8 series—comprising the Galaxy Z Fold8 Ultra, Fold8, and Flip8—increased by more than 30% compared to the previous generation. The surge was driven by a redesigned form factor that maintained the Fold series'

Sanil Electric recorded its fifth consecutive quarter of record performance in Q2 2025, driven by surging demand for specialty transformers from AI data centers and aging power grid replacements. The company's Q2 consolidated revenue reached 164.2 billion won, up 28% year-over-year, while

RootData data shows that more than 100 cryptocurrency projects will shut down, file for bankruptcy, or permanently cease operations in 2026, and the pace is continuing to accelerate. Chainway Labs co-founder Mahir Kılıç compared it to the bursting of the dot-com bubble, while Ark Invest’s head of research, Lorenzo Valente, called it “the largest consolidation phase in history.” RootData Data: More Than 100 Crypto Projects Collapse in 2026 According to RootData statistics, the shutdowns in 2026 s

Foreign investors recorded their largest-ever weekly net sell-off of dollar futures in South Korea's currency futures market during August 3-7, selling 173,873 contracts worth 2.4735 trillion won. The massive sell-off reflects strong market expectations for further declines in the won-dollar

The leading BIP-110-supporting miner Roughnecks announced on X on Aug. 9 that it was stopping mining and called on all miners still mining the BIP-110 chain under the current algorithm to stop. The split between the Bitcoin main chain and the BIP-110 chain began at block height 961,632. After the split, the BIP-110 chain mined only one additional block, 961,633, before entering a complete standstill. BIP-110 Chain Stalled After Only One Additional Block Following Split: Hashrate Comparison and D

The US Department of Defense is urging defense contractors to accelerate weapons production to replenish stockpiles depleted by the Iran war, according to a statement from Pentagon spokesperson Sean Pannell on the 9th. Deputy Secretary of Defense Stephen Feinberg sent a letter to industry leaders on

Robin Brooks, a Brookings Institution researcher and former Goldman Sachs foreign exchange analyst, forecasted that the Jackson Hole symposium scheduled for the end of this month may trigger a resumption of the gold rally as central bank chiefs signal potential rate cuts. Brooks published a blog ana

Hyundai Motor faces a strategic inflection point as hybrid electric vehicle (HEV) demand weakens in global markets outside the United States, prompting analysts to forecast a faster transition toward physical artificial intelligence (AI) platforms. The automaker's global HEV retail sales

Bitcoin gave back its weekend gains on August 10 and was last quoted at $64,956. In an interview with Punchbowl News, U.S. President Trump said cryptocurrency is “important,” noting that he has seen more and more people use Bitcoin for payments and “not even consider cash anymore.” He said this provides some relief for the dollar and is a “good thing” for the United States; Trump further characterized support for cryptocurrency as a national security issue. Trump: Cryptocurrency Is a “National S

If you felt the market move but failed to keep up, it wasn't your fault—the market made a major shift in expectations within 45 minutes of the NFP release during the final two trading days of last week. But the real conflict was not macroeconomic; it was a violent rupture within the AI industry chain. U.S. July NFP unexpectedly fell by 23k jobs (versus expectations for an increase of 80k), while the prior figure was revised down by a combined 103k, and the probability of a September rate hike pl

Seoul's bond market monitored foreign investor activity on August 10 following US employment data releases, with traders assessing implications for the Bank of Korea's monetary policy stance. Korean 3-year Treasury yields rose 0.2

Bank of Korea announced on the 10th it will purchase domestically produced gold from local producers at international market prices, marking its first gold acquisition since 2013. The central bank will pay in Korean won, which effectively increases foreign exchange reserves while injecting

South Korea's five major commercial banks suspended or restricted household lending channels after exceeding their annual loan growth targets by over 1 trillion won as of the 6th. Hana Bank halted non-face-to-face