Gate Insights and Crypto Market Analysis

US stock index futures rose in Asian trading on the morning of July 30, driven by Microsoft's strong after-hours performance following the Federal Reserve's rate hold decision. E-mini S&P500 futures climbed 0.26% to 7,370.25, while tech-heavy E-mini Nasdaq100 futures advanced 0.63% to 27,512.25,

South Korea's Financial Services Commission announced on July 30 detailed regulatory amendments introducing cornerstone investor and pre-deal bookbuilding systems to the IPO market. The new rules require cornerstone investors to hold assets worth at least 20 times their subscription amount and

South Korea's Fair Trade Commission initiated deliberation proceedings against seven biofuel companies on the 30th for alleged bid-rigging, after submitting an audit report to the committee on the 29th. The FTC's audit office determined the companies — DS Dansuk, Aekyung

Jingjie Xuchuang (SZSE: 300308) shares were officially listed on the Hong Kong Stock Exchange on July 30. The latest price on the first day was HK$962, down HK$18 from the IPO offer price of HK$980, a decline of about 1.8%. The global offering comprised 54.5 million shares, with net proceeds of approximately HK$52.89B. The funds are mainly used for continued investment in the R&D of optical interconnect products (35%) and expanding global production capacity (30%). Jingjie Xuchuang’s HKEX listin

Capricor Therapeutics, Inc. (CAPR) stock declined 67% this week after an FDA advisory panel voted 9-3 against Deramiocel on Wednesday, marking the third consecutive session in the red with a 6% drop. The FDA's Cellular, Tissue, and Gene Therapies Advisory Committee concluded that Capricor had not

In Beijing time in the early hours of July 30, the U.S. Federal Reserve’s Federal Open Market Committee (FOMC) released its latest interest rate decision, keeping the target range for the federal funds rate unchanged at 3.50% to 3.75%. This marked the Fed’s fifth consecutive meeting since January this year in holding policy steady. However, the real focus for the market is not the “no rate hike” itself. After the decision was released, Bitcoin surged from about $63,700 to near the $64,700 intrad

Samsung Electronics’ stock (005930.KS) management disclosed on July 30 during the Q2 earnings conference call that the company has received direct memory procurement intentions from an AI frontier model developer and has also received requests for long-term supply contracts. Samsung Electronics explained that, because it cannot obtain sufficient AI infrastructure capacity from hyperscale cloud service providers, the AI frontier model company is turning to purchasing memory directly and is asking

Crypto exchange Luno confirmed a 20 percent reduction to its global workforce this week, with Chief Executive Officer James Lanigan announcing the cuts as the platform shifts focus toward institutional clients and cost optimization. The move follows three unrelated exchange shutdowns in the same

SoFi Technologies Inc. (SOFI) and Robinhood Markets Inc. (HOOD) both delivered second-quarter results on Wednesday, with SoFi reporting record revenue of $1.21 billion and Robinhood posting $1.31 billion in total net revenue. The results were driven by strong core business performance, with SoFi's

Fidelity Digital Assets released its Q3 signal report on July 28, pointing out that Bitcoin’s measuring indicators are hovering near historical lows, while several sentiment indicators are approaching capitulation zones. Fidelity’s in-house Yardstick metric has spent 83% of the past 92 days in the “undervalued” range. Fidelity said this bear market has now lasted 203 days, and October may be a key time node for investors focused on cycle dynamics. Fidelity Yardstick metric breakdown According to

Oxford Economics forecasts the Federal Reserve will maintain a prolonged interest rate freeze following the July Federal Open Market Committee meeting, according to a report issued on the 29th (local time). The institution cited cooling employment indicators and additional signs of slowing service p

Park Hong-geun, Minister of Planning and Budget, on 30일 directly refuted education sector criticism that education funding reform would reduce total grants, stating he has 'never once said' the government would cut total education grants or per-student allocations. Speaking on YouTube channel

Fed Chair Kevin Warsh reaffirmed the Federal Reserve's commitment to its 2% inflation target at a post-FOMC press conference on the 29th (local time), stating there is no relaxed inflation goal. However, bond markets responded with skepticism: 30-year Treasury yields surged from approximately 5.1% t

Daishin Securities analyst Lee Kyung-min stated in a report that KOSPI entered excessive undervaluation territory following recent declines, with potential to recover to 9300 over the medium to long term. KOSPI's 12-month forward PER dropped to 4.85x, the lowest since 2000 and first time below 5x. L

Samsung Electronics announced record quarterly earnings on this day, with Q2 revenue reaching 171.5 trillion won and operating profit of 89.5 trillion won, marking the third consecutive quarter of record-breaking results. The strong performance was driven by AI memory demand expansion and

The USD-KRW exchange rate fell to its lowest level since late February, dropping 8.10 won to 1,438.60 won as of 9:25 AM on the 30th in the Seoul foreign exchange market, driven by month-end dollar selling pressure and dovish interpretations of the

Samsung Electronics established its RX Business Promotion Office as a CEO-direct organization to consolidate company-wide robotics capabilities. The company announced the organizational elevation during its second-quarter earnings conference call on July 30. Samsung stated the restructuring aims to

Samsung SDS reported Q2 revenue of 3.7178 trillion won and operating profit of 231.8 billion won, meeting market expectations. Revenue increased 5.9% year-over-year, while operating profit rose 0.7%, driven by balanced growth in cloud and logistics businesses. Analyst consensus had forecast Q2 reven