Gate Insights and Crypto Market Analysis

Kolon TissueGene stocks hit the daily limit-down for three days from May 21 to May 23 after its arthritis drug failed a US Phase 3 trial. The stock closed at 21,050 won on May 23, down 29.95%, after trial TGC-15302 for TG-C treatment did not show statistical significance versus placebo in Visual

GE Vernova Inc. (GEV) reported second-quarter earnings on Wednesday, with total backlog growing to more than $176 billion, a 37% year-on-year increase. The growth was driven by equipment orders that more than doubled and a 15% increase in service orders, led by the power and electrification

Zilliqa disclosed a critical security vulnerability affecting its Ledger application that allows private keys to be reconstructed from public signatures after only five native Zilliqa transactions. The flaw, detailed in a July 22, 2026 tweet from Zilliqa's official account, stems from a

KB Financial Group reported a net profit of 1.9922 trillion won in Q2, a 14.6% increase from the same period last year, marking a new quarterly record. The surge was driven by a 55.2% year-on-year jump in net fee income to 1.6019 trillion won, fueled by capital market activity across banking,

The Korea Institute of Science and Technology (KIST) launched Korea's first industry-academia-research council for AI data center thermal management on the 23rd. KIST held the '2026 AI Data Center Thermal Management Council Inauguration and Commemorative Symposium' at its Seoul headquarters in

Dante Disparte, Chief Strategy Officer of Circle, conducted an interview with South Korean media in Seoul on May 23. Circle held a private 'Current Seoul' event the same afternoon at Chosun Palace in Gangnam, attended by domestic financial institutions, virtual asset operators, payment companies, an

Lee Hee-jin, Director of Kyobo Securities, presented a framework for institutional digital asset investment infrastructure at a National Assembly Members' Hall conference on May 23. Speaking at the 'Institutional Investor Era, A New Start for a Trusted Digital Asset Market' conference in Seoul's

BancaStato launched regulated cryptocurrency trading through partnerships with Sygnum and Avaloq, according to a Thursday announcement. The Swiss cantonal bank serving Ticino region integrated Sygnum's digital asset platform to allow customers to buy, sell and hold Bitcoin, Ether, Litecoin and

South Korea's five largest won-based cryptocurrency exchanges recorded a combined average daily trading volume of US$305 million over a seven-day period in July 2026, down from US$2.82 billion during a comparable period in July 2025, representing an 89% decline, according to trading data analysis.

SoundCloud has acquired the assets of Nina Protocol, a decentralized music platform that ceased operations earlier this year. The acquisition brings Nina's artist community, editorial archives, and music

Hana Securities researcher Lee Young-joo stated on the 24th that the core evaluation criteria for global artificial intelligence (AI) investment cycles are shifting from capital expenditure (Capex) to efficiency and profitability. This shift occurs because AI infrastructure investment has already ex

Five major South Korean securities firms are projected to achieve combined operating profits approaching 5 trillion won in the second quarter, according to financial data provider FnGuide. Mirae Asset Securities, Korea Financial Group, Samsung Securities, Kiwoom Securities, and NH Investment & Secur

Gene Munster, managing partner at Deepwater Asset Management, raised his assessment of a potential SpaceX-Tesla merger to 90% probability following Tesla's second-quarter earnings call on the 22nd (local time). Munster stated on X that he increased his outlook from 80% after Elon Musk, CEO of both c

Seoul Southern District Court sentenced crypto influencer Park, known as 'EtherFather', to four years in prison for fraudulent trading under the Virtual Asset User Protection Act. Accomplice A received a 2.5-year sentence while accomplice B was given a three-year suspended sentence. The trio was

Tesla reported mixed second-quarter financial results on Wednesday, with the electric vehicle manufacturer's stock falling in after-hours trading despite revenue exceeding Wall Street forecasts. The company's adjusted earnings per share of $0.33 missed the $0.50 analyst estimate, while adjusted

Hyundai Motor reported record quarterly revenue in Q2 despite a 20.8% year-over-year decline in operating profit to 2.8508 trillion won. Revenue reached 49.2153 trillion won, up 1.9% from the previous year. The profit decline resulted from rising raw material costs, production disruptions caused

South Korea's National Pension Service (NPS) Fund Management Headquarters, which manages 1,600 trillion won in assets under management (AUM), is implementing stricter internal discipline measures following internal misconduct allegations. The foreign exchange operations team has recently minimized f

Coinbase published a postmortem on July 21 identifying the software error behind a 50-minute outage on July 14 that prevented customers from completing transfers, making Coinbase Card purchases, and accessing onchain services. The disruption was caused by an undetected Kubernetes resource name

KT announced on July 23 that it will use approximately 3,500 nationwide telecom stations as edge data centers to support the expansion of physical AI infrastructure. KT CEO Park Yoon-young made the statement after a meeting with Deputy Prime Minister and Minister of Science and ICT Bae Kyung-hoon an

Apple stock valuation concerns emerged as shares reached all-time highs, according to analysis published on the 23rd by Yahoo Finance. Apple shares rose 20.3% this year, double the S&P 500's 9.7% gain, with a 19% increase over the past 3 months. Yahoo Finance noted this rally occurred despite