Gate Cryptocurrency News and Market Analysis

The US Bureau of Economic Analysis (BEA) announced on the 19th (local time) a revision to the methodology for calculating the Personal Consumption Expenditures (PCE) price index, a key inflation indicator used by the Federal Reserve. The changes will be implemented on September 30 and will affect th

Yuto Kanzaki, a financial commentator who claims to be an anonymous Bank of Japan insider, posted on Saturday that Japan will unwind the yen carry trade, stating 'Japan's wealth is returning to its homeland. By any means necessary. The Bank of Japan has so decided.' The claims, made on social

China Software International (stock code 00354) recently signed a token revenue sharing and joint innovation cooperation agreement with Beijing Moonshot AI under the 'Moon Landing Plan,' marking a strategic transformation toward high-value token operations. The partnership aims to commercialize

Google Cloud and Solana Foundation are co-hosting the 'Google Cloud X Solana AI Agentic Hackathon' focused on Solana-based Agentic Commerce. The event is organized by Ewha Womans University's blockchain club Ewha Chain, with domestic blockchain research firm Four Pillars

Hong Kong stocks extended gains in the morning session, with the Hang Seng Index rising 510 points or 2.08% to 25,072, crossing the 25,000 level and reclaiming its 50-day moving average at 24,744 points. The rally was driven by heavyweight technology stocks, with the index briefly reaching an

US stock index futures posted modest gains in Asian trading on the morning of July 20 at 11:01 AM Korean time, with the E-mini S&P 500 rising 0.02% to 7,499.25 and the E-mini Nasdaq 100 climbing 0.22% to 28,837.25, according to Yonhap Infomax. The uptick came despite weakened risk appetite

South Korea's National Assembly Policy Committee on the 20th demanded the Financial Services Commission (FSC) implement stronger monitoring of single-stock leveraged exchange-traded funds (ETFs) and prepare additional measures if necessary. The directive follows the FSC's announcement on the 16th of

Fami Quadir, the 35-year-old hedge fund manager known as the 'Wall Street Assassin', is shifting her investment strategy to activist investing in Korean stocks, according to a Wall Street Journal (WSJ) report published on 19일 (local time). Quadir, who previously specialized in short-selling and

NH Investment & Securities researcher Kim Byung-yeon stated on July 20 that the KOSPI index is unlikely to fall below the 6,000-point level even when accounting for all currently discussed negative factors in the Korean stock market. Speaking at a press conference held at the Korea Exchange in

AZ-COM Maruwa Holdings, a major logistics services company in Japan, will adopt the JPYC stablecoin for payments to business partners. According to a report from Nikkei Asia, the company plans to use the stablecoin to pay fees and salaries to roughly 2,300 business partners and individual

The Bank of Korea's Monetary Policy Committee raised the base rate to 2.75% on the 16th and indicated the current level falls within the neutral rate range, sparking debate over the terminal rate target. The policy statement declared a need to 'continue the rate hike stance,' a phrase previously

OCBC released a second-half global economic outlook report on local time July 19, identifying persistent geopolitical risks as a major market misjudgment in the first half of the year. The US-Iran military conflict escalated beyond initial market expectations of a short-term event, with the

Economist Nouriel Roubini, known as the “Doctore of Doom,” said in a Bloomberg Television interview on July 18 that within the next 20 to 25 years, as AI and robotics technology advances, large portions of the population could be replaced by machines. A trust fund that the U.S. uses to pay retirement benefits is expected to run out around 2032. Roubini said that a universal basic income (UBI) will ultimately be unavoidable. Roubini: Raising the retirement age cannot address the AI employment sho

An independent SOLO miner recently used the open-source Bitaxe micro-miner (priced at about $60 to $150) and, after connecting to a Public Pool mining pool service, it ran for only 8 hours, with an average hashrate of 995 GH/s (about 1 TH/s). The miner successfully mined Bitcoin block number 957,382, claiming the full block reward of 3.1382 BTC, which is about $200,000 at current market prices. Bitaxe roughly $150 micro-miner specifications Bitaxe is an open-source ASIC miner with a size about t

The NFT project “Pudgy Penguins” announced on July 20 that its Pengu plush toy has officially arrived in the toy sections of all Target stores across the United States. Previously, on June 20, Pudgy Penguins’ trading card game Vibes Series 3 entered Target’s nationwide retail channels. Pengu plush toys go on sale at Target in the U.S. on July 20 (Source: Pudgy Penguins) According to Pudgy Penguins’ official announcement, the timeline for its 2026 U.S. physical retail expansion is as follows: Jun

On-chain sleuth ZachXBT recently criticized all hardware wallets in the community as “completely garbage,” saying they shouldn’t be used to sign important transactions or store assets. He suggested replacing hardware wallets with a dedicated old iPhone (fully disconnected from everyday web browsing and app downloads) as a cold wallet. ZachXBT’s criticism isn’t just about private-key storage security—it also highlights the risk that users can be tricked into authorizing malicious content in compl

Robert Kiyosaki stated on July 17 that the recent gold and silver correction presents a buying opportunity, echoing a bullish long-term outlook he attributed to veteran investor Jim Rogers. Kiyosaki said Rogers expects gold and silver prices to go to the moon while warning that severe retracements c

Micron, SanDisk, Western Digital, CoreWeave, Nebius, and IREN stocks rose in overnight trading on Sunday following a brutal week for AI-linked equities. Micron stock gained 2.5%, while SanDisk and Western Digital shares rose about 1% each, and CoreWeave, Nebius, and IREN advanced between 1% and 1.2%

US stock futures climbed higher in the overnight session late Sunday ahead of a key earnings week. Nasdaq-100 futures rose 0.45%, Dow futures gained 0.04%, and S&P 500 futures advanced 0.14% at 9:11 PM EDT. The gains came as tensions in the Middle East escalated over the weekend, with the US

Netflix Inc. (NFLX), Oracle Corp. (ORCL), and SpaceX (SPCX) stocks fell to 52-week lows last week amid investor concerns about future growth, mounting debt, and post-IPO profit-taking. NFLX stock declined more than 7% at close as investors reacted negatively to the company's latest earnings