Gate Insights and Crypto Market Analysis

SpaceX attracted an estimated $47.5 billion in fund inflows following its inclusion in the Nasdaq-100 index on the 7th (local time), according to analysis by Shinhan Investment & Securities and Bloomberg. The influx comprised $25 billion from active funds accumulated around the company's initial

Big Tech stocks outperformed in July as semiconductor stocks pulled back from last month's highs during the first full week of the second half of 2026. Nvidia posted its best single-day gain in a month on Wednesday, while Apple shares rose over 8% in July alone, exceeding the stock's entire first-ha

The USD-JPY exchange rate declined 0.06% to 162.422 yen as of 2:01 PM on July 9 in Tokyo trading, according to Yonhap Infomax. The rate initially rose following escalated US-Iran tensions, as President Donald Trump stated the ceasefire based on a memorandum of understanding was 'over' and the US

A finance employee at global engineering firm Arup transferred nearly $25 million after joining what appeared to be a legitimate video conference with the company's chief financial officer and colleagues, only to discover later that nearly every participant had been generated using AI. The

Sony Bank received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish a national trust bank in the United States. The decision was ratified at a Board of Directors meeting of Sony Financial Group Inc. (SFGI) on July 6, 2026. The new entity, named Connectia

Mirae Asset Securities is forecast to significantly outperform Korea Investment Securities in Q2 net profit, solidifying its position as the top performer in the Korean securities industry. According to financial

South Korean stocks KOSPI and KOSDAQ posted modest gains on the 9th day after surrendering most of their intraday advances, with KOSPI closing at 7291.91 (+0.62%, +45.12 points) and KOSDAQ at 794.00 (+1.15%, +9.00 points). The indices had surged over 3% at the opening bell but retreated as

Heungkuk Asset Management sent a shareholder letter to SK Hynix on the 8th criticizing Chairman Choi Tae-won's announcement of a major semiconductor cluster investment plan in the southwestern region, questioning whether the board was bypassed, and retracted the letter on the 9th. The asset

Homeplus signed contracts to sell two closed stores for 170 billion won and is finalizing an additional sale of its Yuseong branch in Daejeon for 60 billion won, securing a total of 230 billion won in liquidity amid bankruptcy proceedings. The sales, reportedly to a public institution, prompted

KOSPI closed at 7291.91 on the 9th, up 45.12 points or 0.62%, rebounding after three consecutive days of decline from the 6th to 8th that saw the index plunge from the 8000 range to early 7000s. Individual investors net sold 1.3274 trillion won while foreign and institutional investors absorbed the

Korea Investment & Securities analysts predict the Bank of Korea will raise the base rate by 25 basis points with a unanimous vote at the Monetary Policy Committee meeting on July 16, citing continued strong growth and inflation remaining above target levels for a considerable period. The analysts a

SK Hynix received over $171.5 billion in subscription demand for its American Depositary Receipt (ADR) offering on Nasdaq, Bloomberg reported on May 8 (local time). The subscription volume exceeded the offering size by more than seven times, with participation from global long-term investment

Samsung Electronics and SK Hynix stocks saw their 12-month forward price-to-earnings ratios fall to 4.8x and 5.3x respectively, reaching historical lows, according to an LS Securities report released on the 9th. Analyst Hwang San-hae attributed the valuation compression to simultaneous stock price d

The Philippine government is ending the temporary excise tax suspension on kerosene and liquefied petroleum gas (LPG) on July 8, the Bureau of Internal Revenue (BIR) announced. The suspension terminates after the Department of Energy (DOE) certified that the one-month average Dubai crude oil price f

A cryptocurrency trader lost approximately $1 million after falling victim to a phishing attack exploiting Uniswap's Permit2 feature, according to recent reports. The attacker tricked the victim into signing a malicious message that granted full wallet access, with no protocol vulnerability or

US Vice President JD Vance installed a custom-built chicken coop valued at $100,000 to $120,000 at the Vice Presidential residence in Washington D.C. to house 12 hens, according to The Washington Post. The coop was donated by a North Carolina specialty company and required no federal budget

Barclays raised South Korea's nominal GDP growth forecast to 18.4% for this year in a report released on the 9th, citing strong export price growth. The investment bank also revised the current account surplus projection upward from $266 billion to $345 billion. Economist Son Beom-ki attributed the

Bitcoin traded near $61,800 on July 8, roughly 51% below its October 2025 record above $126,000, as major research desks diverged on whether the cycle low has already formed. Standard Chartered's Geoffrey Kendrick told clients the cycle bottomed at about $59,000 on June 5 and maintained a $100,000 y

Australian crypto brokerage Swyftx announced on July 7 that ASIC has granted it an Australian Financial Services Licence with authorizations for non-cash payment facilities, retail derivatives, and basic deposit products. The payment facility authorization positions the Brisbane and

Pump.fun posted a New York legal director role this week offering $1 million to $5 million in annual compensation, according to a post by founder Alon on X that garnered over 1 million views. The timing coincides with heightened legal and regulatory pressure: the Solana-based memecoin platform