Gate Insights and Crypto Market Analysis

The Korean stock market experienced unprecedented turmoil this week as KOSPI triggered circuit breakers on consecutive trading days — the 28th and 29th — for the first time in history, while the food sector emerged as the sole rising industry with a 1.21% gain through the previous trading day. The p

SK Hynix (NAS:SKHY) American Depositary Receipts (ADR) saw short interest surge to approximately 13% of floating shares as of July 29 (US local time), according to a CNBC report citing S3 Partners data. The rapid increase in short positions followed the stock's decline after the company reported

The USD-KRW exchange rate dropped over 100 won this month, prompting import companies to shift from active dollar buying to a wait-and-see stance. The exchange rate fell to 1,440.50 won following the US Federal Open Market Committee meeting, down approximately 119 won from the July 1st intraday

Bitcoin (BTC) gives back the overnight gains, trading at around $63,719 as of July 30. Trump’s crypto adviser Patrick Veitch rejected a developer proposal for the “CLARITY Act,” adding new clauses that delete provisions that could protect developers from criminal prosecution in certain situations. Tether’s compliance stablecoin USA₮ (USAT) has officially launched on the Celo mainnet, marking its second mainnet deployment after Ethereum. Macro Events & Crypto Hotspots 1、According to CryptoPotato,

Six out of nine South Korean securities firms lowered their target prices for Korea Aerospace Industries on May 30 following the company's second-quarter earnings shock. The downward revisions came after KAI reported operating profit of 48.4 billion won for the second quarter, representing a 43.1% y

Samsung Electronics announced record Q2 consolidated revenue of 171.4995 trillion won and operating profit of 89.4924 trillion won on the 30th, but its stock declined 0.72% to 207,000 won by 9:40 AM. The stock opened at 214,000 won and briefly rose to 217,000 won before reversing course. The decline

South Korea's KOSPI stocks fell over 30% in July, ranking last among major global stock markets during the same period. The decline occurred as circuit breakers were triggered on both the KOSPI and KOSDAQ exchanges for two consecutive days, marking an unprecedented event in the history of both marke

The Federal Reserve voted to hold interest rates steady on Wednesday, triggering the Dow Jones Industrial Average's worst single-day decline since April 2025 with a 1,153-point drop (2.19%). Three of the twelve Federal Open Market Committee members dissented and advocated for a rate hike instead. Th

The Korean Financial Investment Association announced self-regulatory measures on the 30th to stabilize markets and protect investors in single-stock leveraged products. The measures followed an emergency meeting held the previous day at 3 PM, chaired by Association Chairman Hwang Sung-yeop, with

SK Hynix stocks fell 7.85% to 1.291 million won as of 9:43am on the 30th, extending a three-day decline to 29% from the 27th closing of 1.819 million won, according to Korea Exchange data. The stock dropped 16.16% on the 28th and 7.54% on the 29th. The decline followed second-quarter earnings that m

Kim Myung-sil, a researcher at iM Securities, stated on July 30 that three interest rate hikes by the Bank of Korea in 2026 remain possible, citing stronger-than-expected second-quarter GDP growth driven by both exports and private consumption recovery. The analyst emphasized that if back-to-back ra

Kim Myung-sil, a researcher at iM Securities, stated in an interview on July 30 that the Bank of Korea could implement three interest rate hikes this year, including a potential back-to-back increase in August. The forecast is based on Q2 GDP growth that showed improvement in both exports and

Microsoft, ARM, Qualcomm, and Meta reported divergent earnings results on 29일 (local time) as markets evaluated whether AI infrastructure investments are translating into revenue growth. Microsoft exceeded expectations with strong cloud and AI service performance, while ARM and Qualcomm faced

Jeff Gundlach, known as the 'Bond King,' stated on the 29th local time that the bond market is signaling the Federal Reserve should raise interest rates. Speaking to CNBC immediately after the Fed's rate decision this month, Gundlach said the Fed needs to increase the benchmark rate if it truly

People Power Party leader Jang Dong-hyuk criticized the recent stock market crash on July 30 at a National Assembly Supreme Council meeting, calling the KOSPI and KOSDAQ declines criminal conduct requiring investigation. The criticism followed two consecutive days of circuit breaker triggers on

Online broker Robinhood released its Q2 earnings on July 30, setting historical highs for both quarterly revenue and profit. Q2 revenue rose 32% year over year to $1.31 billion, while net profit increased 48% year over year to $573 million. However, cryptocurrency trading revenue fell from about $160 million in the same period last year to $100 million, down 38% year over year. Robinhood Q2 2026 Financial Highlights The key financial figures in Robinhood’s Q2 2026 report all hit historical highs

Meta CEO Mark Zuckerberg discussed the company's AI infrastructure capacity allocation strategy during the second-quarter earnings call on Wednesday, outlining the trade-off between selling excess computing power and preserving it for internal AI development. The comments came as Meta issued a

The American Arbitration Association (AAA) announced on July 30 that it has formed a Web3 expert panel for blockchain and digital asset cases, enabling companies to access arbitrators with expertise in the technical and legal complexities involved in cryptocurrency disputes. The panel brings together arbitrators with experience in law, technology, academia, litigation, and digital asset business, aiming to address disputes arising from increasingly automated and decentralized commercial systems.

The US Federal Reserve (Fed) officially released its FOMC interest rate decision on July 30, with a vote of 9 in favor and 3 against, keeping the target range for the federal funds rate unchanged at 3.50% to 3.75%—marking the fifth consecutive meeting with no change. After the decision was announced, US stocks reversed from losses to gains, and Bitcoin (BTC) briefly broke above $64,000, but as of the time of reporting it had fallen back to about $63,725. FOMC decision outcome: 9 to 3 to keep rat