Gate Insights and Crypto Market Analysis

On July 28, Hyperliquid’s tokenized stock futures contract SKHX saw a sudden 17.9% plunge after an abnormal pre-market order on Korea’s NXT (filled with 1 share for 1.27M won, about $867) triggered a trading halt following a 30% drop due to poor liquidity. Oracle then followed the decline, Binance arbitrage also fell in sync, and the 4-hour liquidation amount has already surpassed Binance—though the price has now returned to normal. NXT abnormal order triggers SKHX flash crash of 17.9% According

The Bank of Korea released its weighted average interest rates for June 2026 on the 28th, showing an upward trend in lending rates across the banking sector. According to the report, the new loan interest rate at deposit banks reached 4.31% in June, rising 12 basis points from the previous month,

The US bond market weakness is sending warning signals to stock markets this month, according to analysis from CNBC. The iShares iBoxx $ High Yield Corporate Bond ETF has declined approximately 1% this month, marking its third consecutive monthly decline and fifth drop in the recent six-month

Bitmine Immersion Technologies (BMNR) shares rose 13% on Monday following a treasury update that confirmed $11.8 billion in crypto, cash, and equity holdings. The stock was the best-performing on Wall Street that day. The

The Hong Kong Monetary Authority (HKMA) released a white paper on July 28 on its readiness for the quantum crisis and rolled out the industry’s first Quantum Crisis Preparedness Index (QPI). As of now, the overall QPI score for the financial industry is 2.3 out of 10, and about half of the surveyed institutions have not yet established a formal post-quantum contingency plan. HKMA Quantum Readiness White Paper Core Data: QPI 2.3/10 According to the white paper released by the HKMA on July 28, 202

Cardano founder Charles Hoskinson stated the blockchain's "best days are ahead" during an X AMA on July 27, 2026, as the network's native token ADA trades 95% below its all-time high. Hoskinson made the remark in response to ADA's prolonged price slump and mounting criticism from the Cardano

The U.S. Crypto Market Structure bill, the “CLARITY Act,” is entering a critical week before the Aug. 7 summer recess: the Senate still expects to hold an initial vote to test political momentum, but data compiled by foreign media shows the bill is still about 9 votes short of the 60-vote threshold for advancement. SkyBridge Capital founder Anthony Scaramucci urged Congress to compromise, saying the latest version is “10 times better” than the current situation. Procedural hurdles for the Senate

e-IIM Analytics released the “2026 Q2 China Office Agent Platform Market Insight Report” on July 20, 2026, compiling data on 17 mainstream desktop AI-native office agent platforms. As of June, total visits exceeded 60 million times; Tencent’s WorkBuddy recorded 20.97 million monthly visits, ranking first. The day after the report was released, Alibaba announced the launch of “Qianwen Office,” integrating its agent products. e-IIM Analytics 2026 Q2 Traffic Share: Tencent 32.62 million Accounts fo

July 28, Asian stock markets fell sharply in sync: South Korea’s KOSPI plunged more than 8% intraday, triggering a circuit breaker that halted stock trading for 20 minutes; Taiwan’s weighted index fell more than 4%, slipping below 42,000 points, with an intraday decline of about 1,800 points; Japan’s Nikkei 225 tumbled about 2,700 points, with a decline of more than 4%. Bitcoin weakened in parallel but with a relatively smaller drop, to $63,258. Taiwan Large-Cap Stock Drop Data: TSMC $2,270; Med

World Bank research projects the United States would lose seigniorage benefits equivalent to approximately 1% of GDP annually if the dollar loses its reserve currency status due to collapsing foreign demand for dollar assets. Based on 2025 nominal GDP of $30.7697 trillion, this translates to

Joo Byung-ki, Chairman of South Korea's Fair Trade Commission (FTC), announced on the 28th at the National Assembly Policy Committee that the agency is pursuing five core policy tasks this year. The initiative aims to resolve power imbalances between large and small enterprises, eliminate cartels, a

Trump signed an executive order requiring the US defense supply chain to stop purchasing rare earth, tungsten, molybdenum, and tantalum from China, Russia, Iran, or North Korea by January 1, 2027. The administration has invested billions of dollars to support nearly 150 domestic mineral companies as

Gaon Cable announced on the 28th a ₩50 billion distribution cable supply contract with a US Big Tech company for their power plant project. The unnamed Big Tech firm is building the power plant to secure stable electricity for AI data centers. This marks Gaon Cable's first export of distribution cab

Digital-asset treasury firms shifted into AI-related ventures in recent months as token prices and their own valuations declined, according to a Bloomberg report. The pivot follows the collapse of the crypto treasury trade, where companies raised capital to buy cryptocurrencies expecting their

NVIDIA announced its investment in Safe Superintelligence, founded by former OpenAI chief scientist Ilya Sutskever. The deal will provide SSI with a large number of NVIDIA GPUs and help it shift from relying mainly on Google TPU to using NVIDIA hardware. NVIDIA said the round is “a huge amount,” but the specific figure is kept confidential by both sides. On the day the news was released, NVDA shares fell 5% for the week. NVDA shares fell 5% on Monday, Apple’s $4.95 trillion market cap surpasses

The Hong Kong Monetary Authority (HKMA) launched a framework on Monday to assess banks' preparedness for quantum-computing threats as the city expands its use of tokenized deposits, digital assets and blockchain settlement. The HKMA introduced a white paper on quantum preparedness and the sector's f

Fast-fashion e-commerce giant Shein is actively preparing for an IPO on Hong Kong’s stock market. According to the latest disclosed prospectus, it is expected to list as early as the end of August to the beginning of September. However, Shein recorded a net loss of $99 million in the first quarter of 2026, compared with a profit of $395 million in the same period last year. The company attributes the main cause of the quarterly loss to the Trump administration in the United States canceling the

Lee Tae-yong, NEOS Asia Strategy Head and co-founder who developed America's first leveraged exchange-traded fund, emphasized on the 28th that Korea's leveraged ETF market requires active regulatory intervention and investor protection mechanisms due to high product concentration. In a phone

In February 2026, a Pokémon card was sold for about $16 million, with the seller being influencer Logan Paul. The incident prompted Japan’s ruling Liberal Democratic Party (LDP) to form a cross-faction lawmakers’ alliance, the “Trading Card Promotion Members League” (“トレーディングカード振興議員連盟” (Card League)). On July 23, it held its founding general assembly inside the Japanese Diet. LDP lawmaker Seiji Kihara said plainly that the three major issues surrounding collectible card trading—counterfeiting, h

Manila Electric Company (Meralco) stated on Tuesday, July 28 that some system loss is unavoidable in electricity delivery, responding to President Ferdinand Marcos Jr.'s proposal to remove system loss charges from consumer power bills. The company's Chief Operating Officer Ronnie Aperocho said