Gate Cryptocurrency News and Market Analysis

Digital Chamber has filed an application with the Sangamon County Court in Illinois to sue the newly passed Illinois “Digital Asset Tax Bill,” seeking to block its implementation before it takes effect on Jan. 1, 2027. This is the first case in which an industry association has sued Illinois over such a law. The tax bill would impose a 0.2% tax on certain types of digital-asset business activity. Lawsuit Overview: 0.2% Tax Rate, Sangamon County Court Filing According to a statement from the Digi

South Korea's National Pension Service (NPS), which dominates the country's pension fund sector, net purchased 28.3 billion won in Korean stocks from July 1 to July 21 despite earlier market concerns about massive selling pressure from resumed rebalancing. The buying activity intensified during the

Align Partners Asset Management, holding a 14.29% stake as Gabia's third-largest shareholder, sent an open letter to Gabia's board on the 22nd demanding measures to ensure fairness in the ongoing public tender offer. The letter characterizes the transaction as a going-private deal by controlling sha

Mizuho maintained its Outperform rating on Oracle (NYSE:ORCL) stocks with a $320 price target on the 21st (local time). Analyst Siti Panigrahi stated Oracle trades at multi-year lows despite strong fundamentals and offers the most attractive risk/reward profile among coverage stocks. The

According to a report by senior TechCrunch reporter Tim De Chant on July 21, BloombergNEF’s latest report projects that by 2035, electricity consumption by U.S. data centers will reach four times the current level—accounting for about 20% of the country’s total electricity generation. It currently accounts for about 5% to 6%. BloombergNEF Forecast: Data Centers to Account for 20% of U.S. Power Generation by 2035 The core prediction in BloombergNEF’s latest report is that electricity consumption

Bitcoin’s short-term rebound lacks momentum, temporarily around $66,470 as of July 22. There is disagreement over which authority will enforce the moral provisions of the CLARITY Act, with Democrats dissatisfied with the details of President Trump’s concessions. The crypto ethics rules backed by Trump will be enforced by the Department of Justice and will prohibit federal officials from issuing digital assets. Galaxy Digital launches a Bitcoin quantum-safe initiative, setting aside $5 million to

Balaji Srinivasan's Network School signed a memorandum of understanding with Kazakhstan's Minister Zhaslan Madiyev to establish a campus in Kazakhstan. The agreement follows the revocation of the Network School's business license at its Forest City campus in Malaysia, with operations ordered to

Luxury apartments in Seoul's Apgujeong-dong have recovered above the 10 billion won threshold this month after temporary price corrections triggered by pre-tax rush sales. Shin Hyundai 11th complex (183㎡ unit) transacted at 10.5 billion won, rebounding 1.5 billion won from the April low of 9 billion

Digital Asset announced on the 22nd that SCAN 2026, a crypto asset tracking competition with a total prize pool of 2 BTC (Bitcoin), will be held as a side event of the blockchain conference 'KBW2026 with Upbit.' The SCAN 2026 conference and awards ceremony will take place on October 1 at

Oracle's 5-year credit default swap premium hit 2.03%, the highest since 2008, as AI investment concerns intensified. Korean retail investors shifted to 3x leveraged ETFs SOXL and TQQQ after regulators announced a 30 million won minimum deposit for single-stock leveraged ETFs. Samcheondang

XRP Ledger recorded over 1 million transactions attributed to AI agents, according to J. Ayo Akinyele, RippleX's head of engineering, in a statement on X on July 21. The milestone reflects growing experimentation with autonomous software capable of initiating blockchain transactions and paying for d

ARK Invest, led by CEO Cathie Wood, sold shares in telecommunications company Iridium Communications and biotech firm CareDx on the 21st (local time), while continuing purchases of autonomous driving and artificial intelligence stocks. According to ARK Invest's daily trading disclosures cited by Inv

Hyundai Motor's Ulsan plant production lines halted again as the union escalated partial strikes from 2 hours daily during 13-15 to 4 hours daily starting from the 20th, with both sides failing to narrow differences by the 24th deadline. The labor dispute centers on management's offer of an 89,000 w

Seoul bond market participants monitored US-Iran war developments and international oil prices on the 22nd, as June producer price index data showed flat month-over-month growth and the Bank of Korea assessed ongoing upward inflation pressure from Middle East conflict secondary effects. Foreign

Yuanta Securities' Corporate Finance Team 2 sole-managed a KRW 1.26 trillion commercial paper (CP) issuance for Mirae Asset Securities in July, marking a rare mega-deal for a mid-tier investment banking team in the Korean stocks and securities market. The transaction occurred after SK Hynix, flush

Movement Labs, the developer of the Ethereum Layer 2 blockchain Movement, filed for Chapter 11 bankruptcy protection with the U.S. District Bankruptcy Court for the District of Delaware on July 15, using the simplified reorganization process under Subchapter V for eligible small businesses. After the filing, the company can reorganize and continue operating under court supervision. Over the past year, the MOVE token has fallen by more than 94% and is currently around $0.01. Details of the Chapte

According to Bloomberg senior reporter Bailey Lipschultz, writing on July 21, SpaceX is expected to release up to $116 billion in sellable shares, with the first unlock starting on August 6. An estimated 911.5 million shares will be released. Currently, 30% of SpaceX’s tradable shares have been shorted, and the shorts have earned about $7 billion since SpaceX hit its all-time high. SpaceX’s phased lock-up mechanism: full schedule for the first unlock on August 6 According to Bloomberg, this time

Raymond James upgraded Ralph Lauren (NYS:RL) to Outperform from Market Perform on May 21 (US local time), setting a $410 price target that implies approximately 7% upside from the May 20 closing price. The investment bank cited momentum across Ralph Lauren's sales and brand recognition as the

LG Display reported an operating loss in Q2, marking its first quarterly loss in four quarters since last year's Q2. The company posted Q2 revenue of 5.6121 trillion won and an operating loss of 107.7 billion won. The loss was attributed to seasonal off-peak demand as finished product

Bitcoin was reported at $66,663 on July 22, rising from a low of $65,149 during the day to $66,965, but it failed to hold the $67,000 resistance level. The United States carried out airstrikes against Iran for the tenth consecutive day, and Trump on Tuesday warned that the U.S. military would strike Iran’s “Pickaxe Mountain” underground facilities. WTI crude rose about 2.6% to $84.70 per barrel. Concerns about inflation driven by higher oil prices limited Bitcoin’s upside. Trump Warns of Strikes