Gate Insights and Crypto Market Analysis

XRPL Commons, a nonprofit organization supporting XRP Ledger development, unveiled a new grants program on July 23 targeting open-source developers, startups, and established blockchain companies. The program operates across three distinct tracks designed to support builders at different stages.

Robinhood CEO Vlad Tenev’s X account was hacked by an unknown party on July 24, launching a meme coin called “VLAD.” Within 20 minutes, it attracted more than 175k views. Onchain data firm Onchain Lens was the first to spot the anomaly and disclose it; the Robinhood Chain block explorer later flagged the token’s contract address as a scam. Onchain Lens First Disclosure and MLM On-Chain Data According to Onchain Lens and MLM’s on-chain monitoring report, the key figures from this incident are as

The Korean won strengthened sharply against the US dollar over 17 trading days, with the KRW-USD exchange rate falling from an intraday high of 1,559.20 won on the 1st to 1,465.10 won, despite rising dollar index and USD-JPY rates. Market analysts

The South Korean won's real effective exchange rate (REER) fell to 83.06 in June, marking its lowest valuation since March 2009, according to data released by the Bank for International Settlements (BIS) on July 24. The decline represents the fifth consecutive monthly drop from January's 87.02

Foreign investors in Korean stocks shifted to net selling during the May 24 opening session after purchasing 5.57 trillion won across four consecutive trading days from May 20 to May 23. As of 9:50am on May 24, foreigners net sold 846.3 billion won on the KOSPI while the index traded at 6854.73,

The U.S. Securities and Exchange Commission (SEC) announced on July 23 that it will hold a public meeting on September 17 at its headquarters in Washington, D.C. to discuss the transition of U.S. stock markets to 24-hour trading. The agenda will cover preparations for overnight trading, 24-hour market operations and resilience, as well as expanded opportunities and challenges. Nasdaq began consulting with U.S. regulators in March, aiming to launch 24/5 stock trading in the second half of 2026. D

Korea Insurance Training Institute and FactBlock announced a collaborative program connecting digital asset education with on-site participation in the KBW2026 conference. The program, a follow-up to a digital asset education MOU signed last year, will provide students of the '2026-05 Crypto

Tesla reported a 17% year-over-year decline in Q2 adjusted net profit to $1.2 billion, significantly missing the $1.9 billion market estimate, while its stock fell 14.5% to $319.69 on July 23 (local time), erasing $215 billion in market capitalization. The profit decline resulted from aggressive

LS Securities faces a 7.01867 billion won lawsuit filed by foreign investor A at Seoul Southern District Court on the 15th of last month over fraudulent stock sale orders. The investor claims LS Securities executed unauthorized orders from a third party impersonating A via email from July 2025 to

The US Securities and Exchange Commission announced it will host a public roundtable on Sept. 17 to discuss moving toward 24-hour trading in US equity markets. SEC Chair Paul Atkins stated the regulator is moving toward a new day and night in US equity markets with the expansion to overnight trading

Hanwha Solutions completed its rights offering subscription on May 22-23, securing a 102.68% subscription rate with 54,418,541 shares subscribed against a target of 53 million shares. The company announced on May 24 that the offering will raise ₩1.171 trillion at a final issue price of ₩22,100 per s

The crypto derivatives exchange BitMEX announced on July 24 that it plans to shut down, with trading scheduled to stop on September 23. After the news broke, the price of BitMEX’s utility token BMEX plummeted by more than 90%. Restructuring advisor Roshan Dharia said the top five platforms control around 80% of global spot trading volume, leaving less and less profit margin for mid-sized and regional exchanges. BitMEX Announces Trading Will Stop on September 23, BMEX Token Crashes More Than 90%

South Korea's Q2 GDP growth exceeded market expectations, but the USD-KRW exchange rate showed minimal immediate reaction following the 8am data release. The Bank of Korea reported Q2 real GDP growth of 0.6% quarter-over-quarter and 3.7% year-over-year, surpassing forecasts. Real Gross Domestic

Shinhan Investment Securities is maintaining its current capital structure while major South Korean securities firms pursue aggressive capital expansion, according to statements from Shinhan Financial Group CFO Jang Jeong-hoon during the second quarter earnings conference call. The company's

Align Partners, the second-largest shareholder of JB Financial Group, saw its merger proposal with BNK Financial Group reach board-level discussions at both Korean financial holding companies. JB Financial held a board meeting on the 23rd following its earnings announcement to discuss whether to pro

Senate Majority Leader John Thune said in an interview with reporters that whether the “CLARITY Act” can pass the Senate before the August recess is “uncertain”: “I don’t think we’re going to be able to get it done. At a minimum, I’d like to get the Clarity Act moving—we’ll see how the vote goes.” Earlier, after months of negotiations, Republican senators released a 616-page draft of the “CLARITY Act”. Thune and Kennedy’s statements: the August deadline is near According to a report by Punchbowl

Hana Financial Group postponed its plan to convert Hana Asset Management from a subsidiary of Hana Securities into a direct subsidiary of the holding company, according to sources on the 24th. The restructuring, originally scheduled for Q4 of last year, remains without a concrete timeline as the

Bitcoin (BTC) backs off midweek gains, temporarily trading around $65,040 on July 24. According to an official announcement, crypto exchange BitMEX will officially shut down on September 23 and will stop registering new users starting immediately. Zhizhi Technology signed a non-binding term sheet, agreeing to accept approximately 3,500 BTC (about $220 million) as payment for a new share offering. Macroeconomic Events & Crypto Market Hot Topics 1、According to an official announcement, crypto exch

South Korean President Lee Jae-myung stated at a real estate policy forum on the 23rd that property holding taxes must be raised at least 3-fold to reach developed country levels, with progressive rates targeting ultra-high-value homes and multiple-property owners while providing relief for

Hyundai Motor stocks fell 6.60% to 403,500 won as of 9:48 AM on the 24th, according to Korea Exchange data. NH Investment & Securities downgraded the company's target price from 860,000 won to 760,000 won, citing uncertainty over the mass production timeline