Gate Cryptocurrency News and Market Analysis

KB Kookmin Bank is raising interest rates on major deposit and savings products by up to 0.30 percentage points, effective from the 22nd for time deposits and the 24th for savings products. The rate adjustments reflect the Bank of Korea's base rate hike and rising market interest rates. The

United Stables' U token has crossed $1 billion in market capitalization, with Chainlink Data Feeds providing pricing and collateral data infrastructure across its deployment chains. The milestone reflects growing reliance on oracle infrastructure for stablecoin collateral verification, as

Samsung SDI is projected to return to profitability in Q2 with an operating profit of 31.2 billion won, according to Shinhan Securities on July 22. This would mark the company's first quarterly profit in seven quarters, ending a streak that began in Q3 2024. The turnaround is attributed to

Sony PlayStation announced it will end physical disc production for new games released on its consoles starting in January 2028, making new releases digital-only. The company stated the decision is a natural direction to adapt to consumer trends as general preference for digital media

US Senate Republican Leader John Thune stated on July 21 (local time) that the CLARITY Act, a US cryptocurrency regulatory bill, has a 'good chance' of passing the Senate, according to Politico reporter Jordain Carney's report on X. Thune emphasized passage depends on securing sufficient

Citrini Research, which warned at the start of the year about artificial intelligence's negative impact on labor markets, identified Qualcomm and Meta Platforms as next-generation AI beneficiary stocks in a recent report released on the 21st local time, even after the sharp decline in AI-related sto

South Korea's agricultural, livestock, and fishery import price index rose 10.8% in June compared to the same month last year, marking the first double-digit increase in 42 months, according to data from the Korea Trade Statistics Promotion Agency released on July 22. The surge was driven by the

Tesla faces its Q2 earnings report on July 22 (local time) with Wall Street analysts prioritizing the company's robotaxi and humanoid robot strategy over traditional electric vehicle sales metrics. Recent vehicle delivery figures exceeded market expectations, signaling recovery in the automotive

US 2-year Treasury yields surged over 80 basis points since late February to 4.2063%, significantly exceeding the Federal Reserve's current policy rate range of 3.5% to 3.75%. The yield spike reflects investors pricing in imminent rate hikes through actual market positioning, with the Bloomberg US F

Bitcoin recovered to the $66,000 level on the 21st (US local time), reaching a one-month high of $66,100 during trading as bargain buying inflows strengthened the cryptocurrency. The rally came as the Asian semiconductor stock selloff that had pressured crypto markets the previous week eased, with t

Korea Midland Power (KOMIPO) successfully issued a $300 million Eurobond (RegS format) following a bookbuilding process conducted the previous day across Asia and Europe. The state-owned power generation subsidiary raised funds through a climate transition finance bond, achieving a final spread

South Korea's Financial Supervisory Service (FSS) extended mandatory Certificate of Deposit (CD) issuance requirements for major banks for one additional year from August 21, 2026 to August 20, 2027, according to financial industry sources on the 22nd. The guidance applies to six banks:

Bank of China Seoul Branch applied to South Korean financial authorities on the previous day for a financial investment business license to trade government bonds. The application seeks investment trading authorization (excluding underwriting) for government bonds, local bonds, and special bonds,

Axiom Biosciences, a San Diego-based developer of regenerative and genetic medicines, plans to go public in Hong Kong in 2027, followed by a secondary U.S. listing in 2029. The company's CEO Remo Moomiaie-Qajar told CNBC the move will open the door to biotech-focused investors while bringing the

Satsuma Technology shareholders voted 90.6% on July 21 to wind down the company and sell its 668 bitcoin holdings. The liquidation plan calls for disposing of bitcoin assets, settling liabilities, and distributing remaining proceeds to shareholders, with a London Stock Exchange delisting targeted ar

Bipartisan negotiations are underway in the US Senate on July 21 (local time) regarding ethics provisions in the Clarity Act, a digital asset regulation bill. The ethics provisions remain a primary hurdle in advancing the legislation, according to reports from Capitol Hill. Senator Cynthia Lummis's

The USD-KRW exchange rate climbed to 1,482.00 won as of 6am on July 22, rising 8.60 won from the previous Seoul market close of 1,473.40 won, driven by escalating Middle East geopolitical risks and a sharp depreciation in the Japanese yen. Oil prices surged over 2% as US President Donald Trump

Alphabet will announce its Q2 earnings on July 22 (local time), marking the start of Big Tech's earnings season that investors expect could determine whether global semiconductor stocks rebound from recent sharp declines. Microsoft and Meta follow on the 29th, with Amazon reporting on the 30th.

BonkDAO treasury was drained of approximately $20 million after a malicious governance proposal passed through Realms, the widely used Solana DAO governance platform. The attack exploited voter weight mechanics to authorize the movement of treasury assets. The incident represents a

A Wanchain bridge exploit drained 515 million NIGHT tokens worth approximately $13.2 million, causing Midnight's NIGHT token to fall roughly 30%. The incident stemmed from a signature reuse flaw affecting cross-chain bridge infrastructure. Wanchain paused the affected bridge route following the expl