Gate Insights and Crypto Market Analysis

South Korea's Fair Trade Commission approved Mirae Asset Consulting's acquisition of Korbit on the previous day, as domestic crypto exchanges pursue strategic partnerships with securities firms. Korea Investment Securities secured a 20% stake in Coinone alongside global exchange OKX, while Naver

The European Parliament voted on July 9 on the “chat surveillance” transitional rules, with the results: 314 votes against, 276 votes in favor, and 17 abstentions. The transitional rules approved this time remain in effect until April 3, 2028, covering the scope again including Instagram, Discord, Snapchat, Skype, and Xbox DMs, as well as Gmail and iCloud inboxes, which are once again added to the scanning list. The 47-vote gap: 314 votes against versus 276 in favor—how the veto threshold let th

Moon Ji-seong, Vice Minister for International Economic Affairs at South Korea's Ministry of Finance and Economy, stated on the 10th that the current exchange rate level deviates from fundamentals and identified multiple variables that could reverse the downward trend. In an interview with Yonhap In

Heungkuk Asset Management sent a shareholder letter to SK Hynix's board on the afternoon of the 8th, directly criticizing governance violations, but withdrew the letter on the afternoon of the 9th, less than 24 hours later. The company claimed the letter represented the individual opinion of the

HSBC (匯豐銀行) announced on July 10 that it has completed its first “digital native” structured product issuance in Hong Kong—a private placement of USD-denominated notes. These notes are issued directly on the blockchain rather than being issued first in a traditional manner and then digitized, making it a truly on-chain native issuance. Marketnode serves as the tokenization agent and the digital payments agent, handling the payment flow between the issuer and investors. Digital native definition

BitMEX released its “Q2 2026 Derivatives Report” on July 10, 2026, providing an in-depth analysis of three major structural drivers behind differences in funding rates in the perpetual futures market. Key findings from the report include that Hyperliquid generated an average 7.17% annualized funding rate premium on bitcoin perpetual contracts versus Binance during the period from 2023 to 2026. Three Major Structural Drivers: Collateral Type, Exchange User Composition, and Index Construction Meth

Tencent is in advanced discussions to become the largest shareholder in artificial intelligence startup Manus after Chinese authorities ordered the reversal of Meta’s $2 billion acquisition, marking a significant shift in one of the AI industry’s most closely watched cross-border deals. The

Bank of Communications International forecasts that the peak of Hong Kong stock lock-up releases will occur in July and September 2026, involving approximately HKD 300 billion and HKD 500 billion respectively; the average return on exit from IPOs is around 50-60%, with top performers nearing 80%, making selling after lock-up expiration a natural phenomenon. Zhipu's first-day trading volume reached HKD 16.9 billion, with a 13% rebound in stock price, but selling pressure remains; MiniMax's lock-up ratio is 63%, and selling pressure still exists. Related-party IPOs are affected by non-market interventions; southbound funds through Hong Kong Stock Connect for Hong Kong stocks experienced net outflows in May. Foreign investors' focus has shifted to the AI industry chain in Taiwan, South Korea, and Japan, and a return of capital requires signals of GDP and consumer recovery.

The quarter-finals of the 2026 North America World Cup will feature a top European showdown—Spain versus Belgium at SoFi Stadium in Los Angeles for a spot in the semi-finals. As of pre-match, Gate prediction market data shows Spain with a 60% win probability, Belgium at 17%, and a 25% chance of a draw. This distribution reflects the market’s overall assessment of both teams’ current form and strength, but the unpredictability of knockout matches means neither side is guaranteed victory. {currenc

Anthropic launched a new Beta feature called "Reflection Dashboard" on July 10, hidden within the settings page of the Claude web version and desktop app. Anthropic also packages this feature as the "4D AI Literacy Framework," providing personalized feedback across four dimensions: Delegation, Description, Discernment, and Diligence. Claude Reflection Dashboard: Target Users and Design (Source: Anthropic) According to Anthropic's announcement, the Reflection Dashboard is available to users with

Rocket Lab (RKLB) shares rose over 1% in late Thursday overnight trading after William Blair analyst Louie DiPalma identified the company as among the most 'competent, capable and innovative' rivals to SpaceX in the commercial space race. The analyst's commentary came as RKLB stocks declined 1%

Alibaba (09988-HK) is set to release its FY2027 Q1 financial results; according to Citibank’s latest analysis report, the total Q2 revenue forecast has been fine-tuned to RMB 269.8 billion, up about 8.9% year over year and above market consensus. Citibank has raised its cloud computing business growth forecast to 45%, expecting quarterly revenue to reach RMB 48.4 billion. However, based on a sum-of-the-parts valuation approach, it has lowered Alibaba’s Hong Kong stock target price to HK$191, whi

According to a report led by Nikolaos Panigirtzoglou, Managing Director at JPMorgan, Strategy selling 3,588 BTC and raising $216 million is a short-term issue, but Bitcoin faces deeper, long-term structural risks: if tokenization, payments, and settlement activity ultimately end up on permissioned private blockchains rather than public networks, the crypto ecosystem will suffer a structural devaluation, and this drag will eventually weigh on Bitcoin. JPMorgan: If tokenized activity lands on perm

Zcash core developer Sean Bowe announced on X on July 10 that the activation block height for the Zcash Ironwood mainnet has been confirmed and marked; all major organizations have committed to activate the NU6.3 upgrade at block height 3,428,143, expected on July 28. The Ironwood upgrade introduces a new privacy pool using the Orchard protocol. Major organizations commit to activate NU6.3 at block height 3,428,143 According to Sean Bowe's announcement on X, all major organizations have pledged

Security advisor Immunefi released its first-half 2026 crypto security report on July 10, showing that in the first six months of 2026, crypto projects experienced a record 207 hacker attacks, with total losses of approximately $972 million. Although the number of attacks hit a new high, losses remained below the $1 billion mark, indicating a trend of increasing volume but decreasing severity in the crypto security ecosystem. 2026 H1 Key Data: 207 Attacks, Record High, $972 Million Losses Accord

Tether invested $20 million in Mercado Bitcoin, a Brazilian financial services company, as part of a strategic growth financing round that also included SoftBank. The investment will accelerate expansion of on-chain payment infrastructure across Latin America. Brazil is advancing stablecoin

Bank of America diagnosed that for robust US consumption to deteriorate amid the Middle East situation, the US stocks market would need to maintain a decline of more than 20%. According to Yahoo Finance on the 9th (local time), BofA explained that for a negative wealth effect on consumption to

BitGo Holdings announced quantum risk management features for Bitcoin wallets on the 10th. The digital asset infrastructure company designed the features to help institutions assess, manage, and reduce quantum-related exposure across UTXO-based wallets. BitGo stated the release extends its multi-sig

US stock index futures declined in Asian market trading on the morning of the 10th despite strength in semiconductor stocks, with E-mini S&P500 futures down 0.14% to 7,577.75 and E-mini Nasdaq100 futures falling 0.32% to 29,841.50 as of 10:09 AM Korean time. The decline reflected profit-taking

Pi Network Pi Core team announced on July 9th that backend support has been enabled for the App Studio building platform for AI applications. The first feature launched is "Persistent Storage," allowing newly created App Studio applications to save and retrieve user-specific data across different sessions, solving the problem of progress disappearing immediately after users leave the app. App Studio Backend Support Launch: Persistent Storage Enables Cross-Session User Data Saving According to an