Gate Cryptocurrency News and Market Analysis

Doosan Bobcat recorded an earnings surprise in the second quarter of 2026, disclosed on the 23rd, driven by price increases and a temporary tariff refund effect. Operating profit surged 42.9% year-over-year to 291.7 billion won, while revenue rose 11.2% to 2.4479 trillion won. Both figures

South Korean retail investors' US stock net purchases reached a 5-month high during Jan 1-22, according to data released by Korea Securities Depository on July 23. Net buying totaled $2.975 billion (approximately 4.4 trillion won), the largest amount since February. The surge was driven by won

California's Department of Financial Protection and Innovation (DFPI) began enforcing penalties of up to $100,000 per day against unlicensed cryptocurrency businesses on July 1 under the state's Digital Financial Assets Law (DFAL). The law requires companies engaged in digital asset activities

Shinhan Financial Group CFO Jang Jeong-hoon stated during the Q2 earnings conference call on July 23 that the group is reviewing various M&A targets including Lotte Insurance, though no deals have been finalized. The CFO announced a KRW 700 billion share buyback decision and emphasized that M&A

The USD/JPY exchange rate tested support just above the 163 yen level on July 23rd, trading at 163.052 yen as of 1:41 PM, down 0.04% from the previous session. Japanese Finance Minister Katayama Satsuki issued verbal intervention warnings for the second consecutive day, stating authorities would

South Korea's KOSPI index closed at 7,096.89 on the 23rd, up 299.19 points (4.40%) from the previous session, reclaiming the 7,000-point threshold for the first time since the 15th — a five-trading-day gap. The rally was driven by foreign investors' net buying of 2.1351 trillion won and recovering s

South Korea's government-led petrochemical industry restructuring has placed the sector's credit rating defense on trial, as the Ministry of Trade, Industry and Energy announced on the 22nd its approval of the 'Yeosu No. 1 Business Restructuring Project' involving Yeocheon NCC, Lotte Chemical,

Bitcoin climbed above $65,800 on Wednesday, reaching its highest level in more than a month as spot exchange-traded funds extended net inflows to a sixth consecutive session. The cryptocurrency has recovered about 15% from its 2026 lows, driven by renewed ETF demand that reversed a punishing

PayPal closed at $55.51 on 22 July, roughly 8% below the $60.50 per share Stripe and Advent International offered and about 21% below the approximately $70 the board says the company is worth. The board formally rejected the more than $53 billion offer on 21 July. Q2 results land 28 July at 8:00 a.m

Kyobo Securities assessed on the 23rd that global energy markets have become more vulnerable to oil price increases than in March during the Strait of Hormuz blockade, as buffer mechanisms have been exhausted. Senior researcher Wi Jae-hyeon stated the second shock from prolonged dual-strait

Citi forecasts the Bank of Korea will raise its benchmark interest rate by 25 basis points in August, following a July hike, according to a report released July 23 by Citi economist Kim Jin-wook. The projection follows strong second-quarter GDP and GDI growth data. Kim cited historical precedent

Korean retail investors are shifting funds into covered call exchange-traded funds (ETFs) as domestic and international stock markets experience sharp volatility swings. Mirae Asset Management's TIGER US Nasdaq 100 Target Daily Covered Call ETF surpassed 2

Franklin Templeton, managing approximately US$1.8 trillion in assets, identified agentic AI as the breakthrough application that will drive mainstream blockchain adoption, according to a digital assets note published Wednesday. Sandy Kaul, Head of Digital Assets and Innovation at Franklin Templeton,

Seven Democratic senators issued a joint statement opposing the CLARITY Act on the 23rd (Korean time). Angela Alsobrooks, Cory Booker, Catherine Cortez Masto, Ruben Gallego, John Hickenlooper, Mark Warner, and Raphael Warnock stated the Republican-proposed comprehensive crypto legislation is

On July 23, 2026, at the Paris Lenovo Legion Gauntlet Arena, Esports World Cup (EWC) Mobile Legends: Bang Bang (MLBB) Mid Season Cup (MSC) (Esports World Cup MLBB Mid-Season Cup), Group B of the group stage featured a highly anticipated matchup—Indonesian representative ONIC Esports vs. South American representative Entity7. According to Gate prediction market data, ahead of the match, market participants are betting that ONIC will win with a probability as high as 93%, while Entity7’s win rate

Anthropic's AI model Claude Sonnet 5 disproved the 87-year-old Jacobian conjecture on the 21st (local time), according to CoinDesk. Anthropic researcher and Harvard fellow mathematician Levente Alpoge posted on X (formerly Twitter) that "the Jacobian conjecture is false," sharing the specific

Mirae Asset Group announced on the 23rd that acquired digital asset exchange Korbit will relaunch under the new name Digital X. Chairman Park Hyun-joo communicated the rebrand through a letter to employees titled 'Digital X: Welcoming the Start of a New Voyage.' The name change reflects Mirae Asset'

Hyundai Glovis reported Q2 revenue of 8.7054 trillion won and operating profit of 495.1 billion won, exceeding market consensus. This marks the first time the company's quarterly revenue surpassed 8 trillion won. The logistics firm maintained stable global supply chain management despite Middle

Samsung Securities overtook Korea Investment & Securities to claim second place among 15 securities firms in retirement pension reserves as of June 2024, according to the Financial Supervisory Service's integrated pension portal released on December 23. Samsung's reserves reached 28.0919 trillion

Nokia Oyj's (NOK) stock jumped more than 6% overnight in New York trading after the Finland-based telecom company posted fiscal second-quarter (Q2) results on Thursday. The gains followed Q2 revenue rising 8% year-on-year to €4.82 billion and earnings of €0.07 per share, both matching analyst