Gate Cryptocurrency News and Market Analysis

General Motors is set to report its second-quarter earnings before the bell Tuesday. Wall Street analysts expect adjusted earnings per share of $3.20 and revenue of $47.01 billion, according to average estimates compiled by LSEG. Those results would mark a more than 26% increase in adjusted earnings

Taiwanese manufacturing giant Foxconn, which produces an estimated 40% of the world's consumer electronics, intends to establish the first US-led Pax Silica technology hub in New Clark City, Philippines. Finance Secretary Frederick Go stated the government hopes to sign the formal framework

Seoul Southern District Court postponed the sentencing in the 250 billion won Delio crypto fraud case beyond July during a court session held on the 21st, with the next hearing scheduled for July 27 at 2 PM. The

Democratic Party Financial Services Committee members held a meeting on the morning of the 21st at the National Assembly to discuss the Homeplus crisis, unanimously criticizing it as a predictable situation caused by inadequate private equity fund regulations and supervisory failures. The

FTX’s bankruptcy management team released an announcement stating that it plans to begin the fifth round of repayments at the end of July 2026, distributing about $900 million to creditors. Since officially starting the repayment process in 2025, FTX has cumulatively transferred nearly $10 billion to creditors and other claimants (this year’s March fourth round distributed $2.2 billion). FTX Repayment Timeline: Cumulative Nearly $10 Billion According to the FTX bankruptcy management team announc

JPMorgan, in a research note dated July 21, estimated that South Korea’s KOSPI stock index had already fallen back about 28% from the June 22 closing high of 9,114.55 points; around July 21, it hovered near 6,516 points. The report characterizes this leg of sharp selloff as leverage-driven deleveraging/forced unwinds and adjustments to concentrated positioning. Key de-risking data: the size of leveraged ETFs tied to Korean underlyings fell from about $5 billion at the end of June to $2.6 billion

Marketing consulting firm Emarketer, in its latest analysis, said the total addressable market cap for chatbot advertising is about $5.4 billion. Meanwhile, OpenAI’s external forecast projects that ad revenue will reach $102 billion in 2030 (36% of that year’s total revenue), a gap of about 90%. According to a report by The Information, OpenAI predicts that ad revenue will reach $2.5 billion by the end of 2026. Emarketer market size analysis: Four giants combined in 2026 total less than $1 billi

Grayscale filed amendments to convert staking rewards from its Ethereum (ETHE) and Solana (GSOL) trusts into quarterly cash distributions starting around Aug. 7, according to onchain analyst Wu Blockchain. The proposed amendments would require the trusts to distribute net staking rewards

The U.S. Federal Trade Commission (FTC) completed its enforcement action against Celsius co-founders on July 21: a judge ordered former Chief Technology Officer Hanoch Goldstein to pay $2.014 million; former Chief Strategy Officer Shlomi Daniel Leon to pay $4.1 million; together, the two totaled more than $6 million. The FTC also imposed industry bans prohibiting marketing or sales. Fines and Industry Bans Ordered for Leon and Goldstein According to an FTC statement and a court order, the enforc

Micron, SanDisk, and Western Digital stocks gained between 2% and 2.7% on Monday, ending a three-day decline as memory chip equities rebounded despite ongoing volatility in Korean markets and the broader semiconductor sector. The rally followed weeks of profit-taking that pushed the Roundhill

White House Chief Crypto Advisor Patrick Witt announced on X on July 21 that he has postponed his mandatory military training with the Georgia Army National Guard for the second time (originally scheduled to depart on July 27), so he can stay at the White House to help advance the legislative process for the CLARITY Act in the Senate. Witt’s Second Statement on Postponing Military Training According to Patrick Witt’s statement on X and a report by Crypto In America, Witt’s military training post

US stocks closed mixed on Monday, with the S&P 500 ending 0.2% lower at 7,443.28 and the Dow Jones Industrial Average falling 0.6% to 51,839.26, while the Nasdaq 100 remained flat at 28,604.23. The declines came as oil prices surged, with US crude futures advancing 0.9% to $83.23 per barrel and

US stock futures climbed in overnight trading late Monday as semiconductor stocks gained ahead of a busy week of Big Tech earnings, helping offset investor concerns over the renewed US-Iran conflict. Nasdaq-100 futures rose 0.39%, Dow futures increased 0.10%, and S&P 500 futures advanced 0.17% at 9:

Google is developing a custom AI chip codenamed 'Frozen v2' optimized for its Gemini model, targeting 2028 server deployment with expected 6-10x power efficiency improvements per token processed. Intel announced additional layoffs in its data center division affecting over 5,000 employees in

Rocket Lab (RKLB) stock fell approximately 2.7% on Monday, reaching its lowest level in nearly three months, despite winning a U.S. Space Force contract under the National Security Space Launch Phase 3 Lane 1 program. The U.S. Space Force announced on Friday night that it awarded contracts to

Nvidia Corp. disclosed a 9.3% passive stake in Nebius Group N.V. through a 13G filing on Monday, sending NBIS stock up 4.6% overnight late Monday. The stake comprises 22.25 million Class A ordinary shares, including 1.19 million shares held directly and 21.07 million shares held via pre-funded

Paramount Skydance Corp. (PSKY), Oracle Corp. (ORCL), and Tilray Brands (TLRY) each touched new 52-week lows on Monday as US stocks faced sector-specific pressures. Paramount stock fell to $8.56 after a federal judge blocked its $110 billion Warner Bros. Discovery acquisition, Oracle dropped to $120

U.S. federal judge Araceli Martinez-Olguin officially approved Anthropic’s $1.5 billion copyright settlement agreement on July 20, closing the copyright lawsuit brought by authors over Anthropic’s alleged use of pirated books to train the Claude model; this is currently the largest known generative AI copyright settlement by amount. Timeline of the Anthropic $1.5 billion copyright settlement lawsuit The key timeline for this case is as follows: 2023: Some authors filed a lawsuit in the U.S. Dist