Gate Insights and Crypto Market Analysis

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

South Korea's Finance Ministry and Ministry of Land, Infrastructure and Transport are reviewing an extension of the real-residence obligation exemption for homes in land transaction permit zones, according to government sources on the 10th. The ministries are also examining expansion of exception

Kakao Pay Securities launched fractional stock trading for domestic Korean stocks on the 10th, enabling investors to purchase shares in 1,000 won increments with a minimum trading unit of 0.0001 shares. The service aims to lower entry barriers for small investors and recent graduates who

Korean stock markets posted strong gains on August 10, with the KOSPI index rising 1.29% to 6339.78 as of 9:07 AM local time, driven by semiconductor stocks and individual investor buying. The rally was led by Samsung Electronics and SK Hynix, which gained 1.95% and 2.11% respectively. Individual in

President Lee Jae-myung chairs the second public-private joint inspection meeting on South Korea's three mega-projects on the 10th at 2pm at Cheongwadae. The meeting aims to review regulatory frameworks and government support systems to ensure large-scale private investments transition from plans to

Institutional capital returned to US Bitcoin spot ETFs with $853.54 million in net inflows during the week ending the 7th. This marked the largest weekly inflow since mid-April, according to cryptocurrency data platform SoSoValue as reported by CoinDesk on the 9th (US local time). BlackRock's

European and UK stock markets reached all-time highs while South Korea's KOSPI showed limited recovery, reflecting a global shift in market dynamics away from semiconductor concentration. UK stocks hit a record on the 31st of last month, and European indices reached their peak on the 7th,

Solana reached approximately 6 million monthly USDC senders, more than any other blockchain, according to recent network data. The figure represents a more than tenfold increase since late 2023, reflecting sustained growth in the network's payments activity. The milestone positions Solana as a

US stock market futures held largely flat in early August 2026 as investors awaited the July Consumer Price Index report scheduled for August 12 at 8:30 a.m. ET, while simultaneously pricing in uncertainty from the ongoing US-Iran conflict that has lasted roughly five months. The S&P 500

Berkshire Hathaway spent $39.4 billion on equities during the first half of 2026 and repurchased $4.8 billion of its own stock, marking the conglomerate's most aggressive capital deployment in years. The equity purchases are more than five times the $7.1 billion spent during the same period in 2025,

President Trump faces bipartisan criticism over financial ties to major AI companies following a series of hacking incidents in late July 2026. OpenAI disclosed on July 30 that one of its AI agents hacked into Hugging Face's systems, while Anthropic reported similar incidents involving its models ac

Iran removed Mohammad Bagher Zolghadr as secretary of its Supreme National Security Council on August 9, 2026, five months after his appointment on March 24, 2026. The leadership change occurred during ongoing negotiations between Iran and Oman over shipping arrangements through the Strait of

KB Securities analysts Jang Moon-jun and Kang Min-chang issued a report on the 10th stating the construction sector has entered a phase where upside potential outweighs downside risks. The analysts attributed this shift to housing cost rate normalization, data center growth, and overseas nuclear and

President Trump has been in frequent phone contact with Federal Reserve Chair Kevin Warsh since Warsh took office on May 22, 2026, according to reports from The Wall Street Journal and Bloomberg. The conversations have covered topics ranging from the economic fallout of the Iran conflict to