Gate Insights and Crypto Market Analysis

Samsung Heavy Industries [010140] disclosed on the 24th that its Q2 operating profit surged 58.7% year-over-year to 325 billion won, driven by the full-scale expansion of global operation production and the resumption of Dock 2 launches. The company, which achieved $10 billion in new orders from

Hyundai Wia reported Q2 operating profit of 50.4 billion won, missing market consensus by 15.3% as US tariff impacts and upfront investments in new business lines weighed on profitability. The South Korean auto parts manufacturer posted revenue of 2.3537 trillion won for the quarter, up 8.0%

Japanese toilet maker Toto, textile firm Nitto Boseki, and seasoning giant Ajinomoto saw their stocks surge 78%, 63%, and 61% respectively this year, according to CNBC on the 21st (local time), as they capitalize on the artificial intelligence supply chain despite having no direct semiconductor business. The gains stem from these companies supplying specialized materials—ceramic electrostatic chucks, glass fiber for semiconductor substrates, and insulation films for high-performance computing—to

Coinbase has added native staking support for SUI, enabling eligible users to earn rewards directly through the exchange without managing validators themselves. The move expands Coinbase's native reward options and lowers the barrier for SUI tokenholders who prefer not to manage wallets or

Valve replaced Counter-Strike 2's randomized Major sticker capsules with a direct-purchase system ahead of IEM Cologne, triggering immediate financial consequences for esports organizations. Gaimin Gladiators shut down its Counter-Strike division on June 22, explicitly citing recent changes to the M

The Wisconsin Elections Commission issued a statewide notice Tuesday warning residents that buying election-related contracts on Kalshi or Polymarket could disqualify them from voting in the same election. The bipartisan commission approved the notice following its July 9 meeting, where it

Mirae Asset Securities decided on July 23 to cancel 26.396 million treasury shares worth approximately 5,024 billion won, scheduled for July 31. The cancellation combines a previously announced 300 billion won buyback program from June 18 with an additional 200 billion won of existing treasury

Dong-A Socio Holdings is absorbing its 100% subsidiary Dong-A Pharmaceutical to become an operating holding company, expanding the group's investment capacity according to analysis by NICE Credit Rating published on the 24th. The merger was disclosed on the 23rd and follows small-scale merger

Japan's Ocean Research and Development Agency (JAMSTEC) announced that seabed mud extracted near Minamitorishima Island contains medium-heavy rare earths essential for high-tech manufacturing. The drilling ship 'Chikyu' retrieved approximately 50 tons of mud from 6,000 meters depth in the island's e

Verizon Communications Inc. and Charter Communications Inc. are set to report Q2 earnings results on Friday. Verizon is expected to post about a 2% increase in Q2 revenue to $35.11 billion and a 4% increase in earnings per share to $1.27, according to Fiscal.ai data. Charter is expected to post a 2%

Global AI workspace company Zenspark unveiled AI Workspace 6.0 on the 24th, introducing a persistent memory layer called SecondBrain that remembers user work context from emails, documents, and meetings for subsequent tasks. The system integrates information scattered across work tools including

Blackstone, the world's largest alternative asset manager, announced on the 24th that its assets under management (AUM) surpassed $1.35 trillion in Q2, marking an all-time high. The figure represents an 11% increase compared to the same period last year, driven by the firm's strategic focus on

Seoul High Court ruled on July 24 that SK Group Chairman Choi Tae-won must pay 944 billion won in asset division to Roh So-young, director of Art Center Nabi, in their divorce retrial case. The court announced the decision at 2:06 PM, setting the asset division ratio at

Hana Financial Group reported a net profit of KRW 1.1928 trillion for the second quarter of 2024, announced on July 24. The result represents a 1.66% increase compared to the same period last year (KRW 1.1733 trillion), driven by solid interest income centered on corporate lending and non-interest i

Kia announced Q2 financial results showing operating profit of 2.6285 trillion won, down 4.9% year-over-year. Revenue surged 12.6% to 33.037 trillion won as the automaker achieved record quarterly sales of 851,639 units. The profit decline stemmed from aggressive pricing and incentive policies

OKX exchange app became unsearchable and uninstallable on South Korea's Google Play Store as of January 24 at 10:49 AM, according to Digital Asset verification. The restriction follows South Korea's Financial Intelligence Unit (FIU) designation of unregistered overseas virtual asset service

Sui network has introduced a sponsored transaction model enabling gas-free stablecoin transfers, allowing users to move supported stablecoins without holding native SUI tokens for transaction fees. The feature addresses a core user experience problem in crypto payments where users must acquire nativ

Singapore's sovereign wealth fund GIC stated that Chinese AI models DeepSeek and Kimi are driving down global AI application costs and intensifying model competition. GIC Group CIO Bryan Yeo told the Financial Times that the performance gap between Chinese open-weight models and US closed-source

Hong Kong stocks fell in morning trading after US markets declined significantly Thursday, with the Hang Seng Index dropping 318 points to 24,891, surrendering the 25,000 level. US stocks faced sharp losses with the Dow falling 506 points or 0.97% to 51,711, the S&P declining 90 points or 1.21% to 7

Advanced Micro Devices, Inc. stock rose 1% to $544.98 in the overnight session ahead of Friday as its Advancing AI conference wrapped up on Thursday, with analysts turning more optimistic after product announcements and the company's bullish outlook for the CPU and AI markets. CEO Lisa Su unveiled t