Gate Insights and Crypto Market Analysis

South Korean President Lee Jae-myung stated at a real estate policy forum on the 23rd that property holding taxes must be raised at least 3-fold to reach developed country levels, with progressive rates targeting ultra-high-value homes and multiple-property owners while providing relief for

Hyundai Motor stocks fell 6.60% to 403,500 won as of 9:48 AM on the 24th, according to Korea Exchange data. NH Investment & Securities downgraded the company's target price from 860,000 won to 760,000 won, citing uncertainty over the mass production timeline

Kim Seong-hwan, Minister of Climate, Energy and Environment, warned on the 24th that a renewable-only energy approach could raise electricity rates significantly. Speaking on CBS radio's '박성태의 뉴스쇼', Kim stated that eliminating coal power and relying solely on renewable energy could push rates

Three cities in South Korea's Gyeonggi Province—Yongin, Hwaseong, and Pyeongtaek—are forming a semiconductor-driven industrial hub targeting a combined population of over 4 million by 2040, according to urban master plans setting goals of 1.52 million, 1.54 million, and 1.05 million residents

Korean listed REITs experienced widening price polarization this month as declining trading volume amplified the impact of exchange-traded fund rebalancing. The KOSPI Real Estate Index, which includes listed REITs, rose 1.94% this month to 870.74, with total market capitalization reaching 8.6086

The Argentine government is pushing to relax capital markets regulations. A draft of the “Deregulation Bill,” prepared by Economy Minister Federico Sturzenegger, includes provisions allowing mutual investment funds (FCI) to invest in Bitcoin and other cryptocurrencies. It also authorizes securities such as stocks and transferable bonds to be issued, held, and traded on crypto networks through a “crypto timestamping” mechanism. The bill is awaiting submission to Congress after President Javier Mi

According to a July report filed by the MAGA super political action committee with the Federal Election Commission (FEC), Gemini Trust Company made two bitcoin-form donations, each exceeding $5 million, for a total of $10 million. The disclosure of the donations came about three weeks after the CFTC and Gemini filed a joint motion with the federal court, in an effort to overturn their $5 million settlement agreement. Gemini’s $10 million Bitcoin donation: FEC report details and timing background

Citigroup downgraded Coinbase's target price from $400 to $235 on the 23rd (local time), according to reports from Odaily and other foreign media on the 23rd (local time). Wall Street's consensus view also places Coinbase's target price in the $230 range. On the 24th (Korea time), investment

The Magnificent 7 tech stocks lost 11% of their market capitalization from their May peak, with $2 trillion evaporating, according to Bloomberg. On July 23, the M7 index dropped 4.8% in a single trading session, erasing $797

US Treasury yields surged to multi-year highs overnight as the bond market signaled concerns over prolonged Iran conflict fueling inflation resurgence. The 10-year Treasury yield broke 4.7% intraday, marking the highest level

Intel reported its strongest quarterly revenue growth in 15 years on July 23 (local time), with data center customer demand exceeding production capacity. The semiconductor company posted Q2 revenue of $16.1 billion, up 25% year-over-year, driven primarily by its data center and AI segment which

Trump’s administration announced on July 24 that it would impose global tariffs of up to 12.5% on imports from more than 60 countries, effective at midnight Eastern Time on Friday, replacing the earlier temporary 10% tariff that applied to all countries. The price of Bitcoin fell to around $64,985, and the crypto market saw a notable increase in long liquidations. Iran transferred 10 to 21 members of the Islamic Revolutionary Guard Corps and shipped gold to help fund the Houthis. Trump’s new glo

South Korean defense stocks surged on May 24, with Hanwha Aerospace breaking the 1 million won threshold for the first time, trading at 1,012,000 won (up 5.64%). The rally followed overnight gains in US defense stocks - Lockheed Martin rose 10.54%, RTX gained 7.33%, and Northrop Grumman

The yen-won exchange rate fell below 900 won per 100 yen during trading, triggering increased currency exchange demand from retail customers in South Korea. The rate dropped to 895.84 won per 100 yen on the previous day, marking the first time below 900 won since November 2024. The decline

Eli Lilly announced positive results from two additional Phase 3 clinical trials for retatrutide, a next-generation obesity treatment administered once weekly, on the 23rd (US local time) according to CNBC. The trials demonstrated significant weight loss in patients with obesity-related

Amazon informed third-party sellers Wednesday that they must label product images or videos containing AI-generated people, following a New York law that took effect last month. The legislation, described by Governor Kathy Hochul as 'first-in-the-nation,' requires companies to disclose when

Ripple launched Ripple Mint on July 23, a platform that gives eligible institutions web-based and programmatic access to mint, redeem, and manage the Ripple USD (RLUSD) stablecoin. The platform combines a browser interface with application programming interfaces (APIs) that allow institutions to

Nine firms including BlackRock and Fidelity launched the Bitcoin Security Consortium on the 23rd via X to support the long-term security and stability of the Bitcoin protocol. The consortium was formed to address Bitcoin security challenges through collaborative research and development. Members

AION, a leading AI data center infrastructure EPC (Engineering, Procurement, Construction) and SI (Systems Integration) company, signed an IPO lead underwriting contract with Shinhan Investment & Securities on July 23, the company announced July 24. The partnership targets a KOSDAQ listing in the

Korbit, a South Korean cryptocurrency exchange, launched Korbit CLI on the 24th, a PC-based trading tool enabling users to execute crypto transactions through conversations with AI agents. Users can issue natural language commands such as 'Show me Bitcoin price' or 'Buy Ethereum' to AI agents like C