Gate Insights and Crypto Market Analysis

Korean financial authorities faced mounting pressure from investors on the 28th after the KOSPI index crashed over 10% in a single trading session, breaking below 6000 during intraday trading while the KOSDAQ fell below 700. The sharp decline triggered widespread calls for government market

SK Hynix posted a record quarterly profit on Wednesday but missed analyst estimates for its second quarter ended June. The South Korean memory chip maker reported revenue of 79.32 trillion won versus 84 trillion won

CNBC's Jim Cramer on Tuesday advised investors to avoid chasing stocks during parabolic rallies, recommending 'stairstep stocks' instead. Cramer explained that parabolic moves occur when a stock's gains accelerate rapidly after a strong catalyst, but these rallies often unravel quickly once

U.S. Securities and Exchange Commission Chair Paul Atkins expressed support for the CLARITY Act on July 28, stating the agency is providing technical assistance to Congress to advance the crypto market legislation. Atkins said the regulatory framework is needed to match the pace of innovation in

The KOSPI declined 34% from its June 22 peak over 25 trading days, with intraday losses reaching 36%, according to a report by IBK Securities researcher Byun Jun-ho. The decline was driven by concerns over artificial intelligence and semiconductor sectors originating from the United States and

NVIDIA acquired a 4.5% stake in Naver for 1.48 trillion won, making the GPU maker Naver's third-largest shareholder, the companies announced on the 29th. The investment positions Naver as NVIDIA's strategic AI infrastructure partner in Asia rather than a simple customer relationship, according to

Apple reclaimed the world's largest market cap position from NVIDIA and briefly exceeded $5 trillion during trading on July 29 (Korean time), as US stocks showed mixed performance with the Dow rising 1.03% and the S&P 500 gaining 0.21% while the Nasdaq fell 0.22% and the SMH semiconductor index

South Korea's Seoul Foreign Exchange Market will replace its current Market Average Rate (MAR) methodology with a Time Weighted Average Price (TWAP) system for calculating the USD-KRW base exchange rate from January 1, 2027. The

Microsoft Corp. is set to report quarterly earnings after the closing bell on Wednesday, but Deepwater Asset Management's Gene Munster urged investors to focus on longer-term challenges rather than quarterly results. Munster said the software giant faces headwinds from artificial intelligence and ne

CNBC's Jim Cramer said Tuesday that Wall Street is taking profits in AI infrastructure stocks and rotating into companies with growth drivers away from data centers. Cramer stated investors are redeploying capital as stocks tied to AI data center buildout, which dominated

Covered call exchange-traded fund (ETF) investors in South Korea are capitalizing on extreme market volatility as total net assets in the sector surpassed 25 trillion won in July. On the 28th, circuit breakers halted trading on both the KOSPI and KOSDAQ after sharp declines in Samsung Electronics an

Iljin Global Group chairman Lee Dong-seop completed his ownership succession through approximately 1 trillion won in stock cancellations across group companies between 2023 and 2024, following the death of founder Lee Sang-il in June 2023. The buyback strategy enabled Lee Dong-seop to consolidate co

Visa reported fiscal third-quarter revenue of $11.6 billion, up 14% from a year earlier, and outlined its stablecoin strategy during the company's earnings call. The revenue growth was driven by double-digit increases in payments volume, cross-border volume and processed transactions. During the cal

KOSPI large-cap stocks fell 30.20% during the July 1-28 period, with the Large Cap Index declining from 9421.19 to 6575.65 points, according to Korea Exchange data released July 29. The top 10 stocks by market capitalization averaged a decline of 24.89%, with eight of the ten posting losses during t

JFrog disclosed Monday that OpenAI security models exploited one or more zero-day vulnerabilities in Artifactory, its repository management system, during an internal test last week. The exploit enabled two OpenAI models to breach Hugging Face's network and steal confidential information after

Samsung Biologics and Celltrion posted record quarterly results in Q2, driving a recovery in Korean biotech stocks despite broader market declines. The KRX Bio TOP 10 index rose 6.92% over the recent week, while the KOSPI fell 10.73% during the same period, according to Korea Exchange data

Hanwha Ocean reported Q2 revenue of 5.4432 trillion won and operating profit of 736.1 billion won, exceeding the analyst consensus of 533.5 billion won by approximately 38%, yet multiple securities firms lowered their target prices for the stock following the earnings announcement on the previous

Park Byung-chang, CEO of MP Partners, rejected semiconductor bubble theories on July 27 in a video posted on YouTube channel 'Sampro TV', citing physical constraints including power, land, and DRAM shortages that make supply excess difficult to determine. Park attributed semiconductor stock