Gate Insights and Crypto Market Analysis

South Korea's tourism sector recorded a $220.5 million surplus in May, marking the third consecutive month of positive tourism balance, according to data released by the Korea Tourism Data Lab on July 10. The surplus resulted from a record influx of foreign visitors driven by K-content popularity an

Bitcoin (BTC) lacks momentum for a rebound, currently around $63,160 as of July 10. The prediction market platform Polymarket is seeking US regulatory approval to offer margin trading, allowing users to participate with less upfront capital. According to CoinDesk, citing informed sources, the unified version of the US CLARITY Act may be announced as early as next week. Macro Events & Crypto Hotspots According to CoinDesk, sources reveal that the unified version of the US CLARITY Act may be annou

KB Kookmin Bank limited mortgage loans to 300 million won and Shinhan Bank suspended new MCG and MCI product enrollments from July 10, effectively reducing loan limits by 50 million won, following a June surge in household loans. In June, bank household loans increased by 7.6 trillion won,

Korean stocks experienced sharp volatility as the KOSPI fell nearly 20% from recent highs, with individual investors net selling 1.2673 trillion won in a single session. The selloff was driven by growing doubts about AI infrastructure investment sustainability and semiconductor earnings growth,

Gold investors are reassessing the metal's role in portfolios after gold futures declined over 13% in Q2, marking the worst quarterly performance since 2013, according to CNBC. The decline followed a volatile period in which gold hit record highs early in the year before dropping 21% after the

Toss Insight, the financial management research institute of Toss, published a report on July 10 recommending that Korean banks prioritize risk-return balance management over growth as the industry faces diverging profitability and soundness trends. The report titled 'Banking Industry Outlook and

According to CNBC on July 9, citing people familiar with the matter, Goldman Sachs and JPMorgan have banned their employees from trading prediction market contracts related to certain events, elections, financial markets, macroeconomic data, and geopolitical forecasts for their bank’s specific events. The move came after Google employees were accused of using internal Google data to trade on Polymarket, with profits of about $1.2 million. Michele Spagnuolo case: Google employee insider trading p

Macroeconomic and bond experts surveyed by Yonhap Infomax unanimously expect the Bank of Korea to raise its base rate by 25 basis points to 2.75% in July. The survey of 19 domestic and international financial institutions, conducted on July 10, found no respondents anticipating back-to-back rate

The Bank of Korea (BOK) and the Bank of Mongolia signed a revised Memorandum of Understanding (MOU) on July 9 to strengthen cooperation in core central banking functions including monetary policy, financial stability, and payment systems. The revision builds on the original MOU signed

South Korea's Ministry of Finance and Economy announced on the 10th that it will impose anti-dumping tariffs of 25.79-31.55% on PVC paste resin imported from Germany, France, Norway, and Sweden starting August 5 for a period of five years. The decision follows an investigation by the Trade

The New Hampshire State Executive Committee rejected the $100 million state government Bitcoin bond project in a 3-2 vote on July 10; the bond was issued by the New Hampshire Bureau of Business Finance Administration and is considered the first Bitcoin-backed bond endorsed by a state government. State House Majority Leader Keith Ammon called the decision extremely shortsighted and stated that committee members are in an election year, "just one vote can change the outcome, and we will not give u

Bitcoin (BTC) rebounded to $63,000 on July 10, but the bulls then showed weakness. US May PCE inflation came in at 4.1%, and the Kalshi prediction market puts the probability of rate hikes within the year at 54%. As tensions between the US and Iran escalate, the US military has attacked 90 targets inside Iran, and navigation through the Strait of Hormuz is again under threat. US-Iran Conflict Escalates: US Attacks 90 Targets, Iran Strikes Back Across the Four Countries in the Persian Gulf Accord

US Senate committees are negotiating a unified draft of the Clarity Act to establish a digital asset regulatory framework, but passage remains uncertain as Democratic support has not been secured, sources familiar with the negotiations told CoinDesk on the 10th (local time). The

Seoul's bond market is maintaining a cautious stance ahead of the Monetary Policy Committee meeting next week, according to Yonhap Infomax. Market sentiment and domestic monetary policy expectations have tilted somewhat toward a bullish direction following the Bank of Korea's work report to the

Central banks' gold holdings surged approximately $3.2 trillion in market value over six years, according to an International Monetary Fund (IMF) report published early this month. The gold share of forex reserves rose from 10% in January 2019 to 22% in August, driving market value from $1.2 trillio

Base, the Ethereum layer-2 network backed by Coinbase, has crossed $2 billion in total value locked (TVL), according to data from DeFiLlama. The milestone reflects growth driven by decentralized exchange (DEX) pools and layer-2 DeFi activity, with platforms including Aerodrome and Uniswap

Stick Ventures held a space industry forum titled 'Growing the Space Industry Ecosystem Together' on May 9 at D.Camp Seolleung in Seoul's Gangnam district, drawing over 130 attendees from venture capital firms, industry, and academia. The event responded to heightened investor interest in Korea's

US ETF manager Subversive ETFs has filed registration documents with the Securities and Exchange Commission (SEC) for two 'Ex-Elon ETF' products designed to exclude companies led by Elon Musk from their portfolios, according to MarketWatch on local time. The proposed QQNE and SPNE funds would

Hyundai Steel is forecast to see its Q2 operating profit decline more than 20% year-over-year due to high exchange rates and rising raw material costs. Yonhap Infomax compiled Q2 2026 earnings forecasts from five major domestic securities firms, projecting operating profit of 77.4 billion won,

U.S. Senator Ron Wyden sent a letter on July 8 to Senate Majority Leader John Thune and Senate Minority Leader Chuck Schumer urging them to preserve Section 604 of the Digital Asset Market Clarity Act in any version brought to the Senate floor. The provision, approved by the Senate Banking,