Gate Insights and Crypto Market Analysis

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

Hyundai Rotem reported Q2 operating profit of 232.4 billion won, falling 19.6% short of market consensus of 289.1 billion won, according to a disclosure on the 24th. The company's Q2 revenue reached 1.606 trillion won, up 13.3% year-over-year, driven by continuous production of defense export

Korea Investment & Securities announced on the 24th its participation as an underwriter in Hyundai Commercial's 400 million yuan (approximately 87.5 billion won) public kimchi bond issuance. KB Securities served as lead underwriter with Korea Investment & Securities as co-underwriter, each taking

Align Partners Asset Management responded on the 24th to Macquarie Asset Management Group's defense of its tender offer price for Gabia stocks, stating that the core issue is not the price or Macquarie itself but rather the procedural fairness of Gabia's board of directors. Align issued the

Individual investors in South Korea accumulated record leveraged stock positions in Q2 2025, with total leverage reaching approximately 62 trillion won, but July market volatility triggered a wave of forced liquidations and a 5 trillion won decline in credit balances. The aftermath stems from

Hims & Hers Health, Inc. (HIMS) shares climbed 1% in overnight trading late Thursday after a divided FDA advisory panel recommended easing restrictions on four peptides—BPC-157, KPV, TB-500 and MOTS-C—potentially opening a new market for telehealth firms. The FDA's Pharmacy Compounding Advisory

J.P. Morgan upgraded BOC Hong Kong (stock code 02388) to 'Overweight' from 'Neutral' and raised its target price 23% to HK$53.3 from HK$43.3. The upgrade follows the stock's 29% year-to-date outperformance against the Hang Seng Index, with J.P. Morgan projecting continued outperformance over the

Taiwan exported a record volume of drones to Saudi Arabia in June, with the Middle Eastern nation purchasing US$47.2 million (approximately 69.4 billion won) worth of Taiwanese-manufactured drones, according to statistics released by Taiwan's Ministry of Finance and reported by Taiwan's Central

Kim Yong-beom, Presidential Chief of Policy at the Blue House, proposed a multilateral cooperation strategy with middle-power nations as South Korea's approach to artificial intelligence development amid US-China AI hegemony competition. Kim posted the proposal on his Facebook on the 23rd,

Argentina's Deregulation Minister Federico Sturzenegger prepared an early draft bill proposing the integration of digital assets and blockchain technology into the country's financial markets. The draft deregulation bill would allow investment funds to invest in digital assets, approve the

US Senator Ruben Gallego criticized the ethics provisions in the Clarity Act digital asset regulation bill on the 23rd, telling Politico that Republicans sent back a proposal he described as inadequate. The Democratic senator stated he could not understand how Republicans believed the ethics provisi

Senate Majority Leader John Thune told reporters Thursday the US Senate may begin considering the Digital Asset Market Clarity Act before its summer recess, but passage by the industry's preferred August 7 deadline appears increasingly unlikely. Thune stated he would like to at least begin the

KOSPI and KOSDAQ triggered sell-side circuit breakers on the 24th, marking the fifth consecutive trading day with such volatility measures. KOSPI fell 5.61% to 6699.03 as of 12:55 PM, while KOSDAQ dropped 2.75% to 768.57 after its circuit breaker activated at 11:47 AM. Foreign investors

LS Electric recorded its highest-ever quarterly performance in Q2 and an explosive surge in new orders, prompting brokerages to raise target prices. The company reported Q2 revenue of 1.577 trillion won and

Micron Technology stocks posted their strongest one-day gain in nearly two months on Thursday before slipping nearly 3% in overnight trading. The initial rally was supported by Tesla CEO Elon Musk's statement that Micron provided a 'very significant allocation' of memory chips on 'reasonable

BitMEX will shut down exchange operations at 04:00 UTC on 23 September 2026 after HDR Global Trading Limited completed a strategic review. The company decided to close the business following its conclusion that ceasing operations serves strategic interests. The cryptocurrency derivatives exchange, w