Gate Insights and Crypto Market Analysis

The stablecoin market experienced a $7.7 billion supply contraction in June 2026, bringing total market capitalization to around $312 billion — the largest monthly dollar decline since the Terra-Luna collapse in 2022. Despite this supply drop, transaction volume surged to a record $1.79 trillion in

Bitcoin broke below $64,000 on July 28 for the third time since July 24, triggering approximately $100 million in liquidations within a single hour. The liquidations occurred faster than two prior episodes this week, when Bitcoin's retreat from nearly $67,000 triggered an $87 million liquidation

Payward, the parent company of cryptocurrency exchange Kraken, has signed a definitive agreement to acquire the embedded wallet business unit of Magic Labs, a move designed to strengthen its Web3 infrastructure offerings for developers and institutional clients. The asset acquisition transfers

Solido Money suffered a hack on July 23, 2026, that drained approximately 293.7 million SUPRA tokens from the protocol through two separate attack waves. The exploit was caused by an oracle misconfiguration that massively overvalued collateral, allowing the attacker to mint CASH tokens backed by col

President Lee Jae-myung faces mounting political pressure as South Korea's KOSPI index closed at 6,023.66 on July 28, plunging 732.09 points (10.84%) in a single session. The sharp decline marks a dramatic reversal from the market's surge under Lee's administration, which saw KOSPI rise from 2700 on

Hanmi Pharmaceutical reported Q2 operating profit of 131.1 billion won, meeting market expectations, the company disclosed on the 28th. The 116.9% year-over-year increase was driven by recognition of upfront payments from Eli Lilly's sonepeglutide technology transfer agreement and continued growth o

Ondo Finance launched the Ondo Network on Monday, an execution layer that runs application code inside hardware enclaves and settles asset transfers on a public blockchain. The network replaces Ondo Chain, the proof-of-stake Layer 1 Ondo announced in February 2025 and never launched. Ondo

As of July 27, 60.39% of stocks listed on South Korea's KOSPI and KOSDAQ markets traded below a price-to-book ratio (PBR) of 1x, according to Korea Exchange data. This represents 1,520 out of 2,517 total stocks excluding preferred shares, SPACs, and suspended issues. The proportion of undervalued st

Cwallet unveiled its third-quarter product expansion, introducing IM Group Chat and a Rewards Center to address fragmentation across Web3 services. The update responds to challenges users face when community discussions, rewards distribution, and digital asset management occur through disconnected p

A malfunctioning trading bot overwhelmed Lighter exchange's HYPE and ZEC markets, executing $27 million in HYPE trades and $220.8 million in Zcash trades within five minutes. The bot's rapid trading caused HYPE

Bitcoin miners are moving more coins as their holdings decline to approximately 1.19 million BTC, according to CryptoQuant data. The reduction follows Bitcoin's halving mechanism, which cuts block rewards every 210,000 blocks and has pushed annual supply inflation to 0.88%. Miners earn less for

Bitcoin consolidated near $63,346 on July 28, 2026, as the cryptocurrency market entered a phase of low liquidity and heightened macro sensitivity, with institutional participation fading and key technical levels defining the near-term trajectory. The largest digital asset by market capitalization p

CME Group completed the inaugural weekend of its 24/7 trading schedule for 1-Ounce Gold futures, with nearly 15,000 contracts traded representing approximately $60 million in notional value. The volume demonstrated investor demand for continuous regulated access to gold markets, according to the

Samsung Electronics and SK Hynix posted their steepest single-day declines in months on May 28, falling 13.39% and 14.65% respectively. The drops erased approximately three months of gains for both South Korean chipmakers. The sell-off was triggered by oversupply concerns following Chinese memory ma

Citadel Securities expects the Federal Reserve to raise interest rates on Wednesday, according to Frank Flight, the firm's head of macro strategy. Flight argued in a client note that traders have not fully priced the hawkish turn at the central bank and that a quarter-point increase is more likely t

BNK Financial Group and JB Financial Group on May 28 rejected activist fund Align Partners Asset Management's proposal to conduct a merger feasibility study, according to regulatory disclosures from both companies. The rejection followed

Korean stock market short-selling indicators showed a cooling trend as net short position balances and securities lending volumes declined from recent peaks through late May. Short-selling net positions in the KOSPI market fell to 18.08 trillion won on May 23, down 2.47 trillion won (12.04%) from 20

Check Point published an analysis on Sunday of SparkKitty, a cross-platform malware that infiltrated Apple's App Store and Google Play and scanned users' photo libraries for cryptocurrency wallet recovery phrases using optical character recognition. Kaspersky discovered the malware in early 2024 and

Individual investors in South Korea net purchased over 730 billion won in single-stock leveraged exchange-traded funds (ETFs) and exchange-traded notes (ETNs) on the 28th, a day when the KOSPI plunged over 10% and threatened the 6,000-point level in what markets called 'Black Tuesday'. The buying

BNK Financial Group reported Q2 net profit of 204 billion won, down 35.19% compared to the same period last year and down 5.20% from the previous quarter. The profit decline was driven by one-time interest expenses of 44 billion won incurred during the acquisition of external stakes in the BNK Finan