Gate Cryptocurrency News and Market Analysis

Polygon Labs CEO Marc Boiron announced on X on July 17 that it is launching another round of layoffs, saying Polygon will “say goodbye to many colleagues,” and will officially begin its transition from the Blockchain Foundation to a “blockchain payments company.” Boiron explained that this does not mean the colleagues who are departing are not up to par; rather, the company being built needs something different. This means changing the organizational structure and talent requirements, not just c

PayPal (PYPL) shares declined 0.4% in after-hours trading on Thursday after Reuters reported the company's board considers the $53 billion takeover offer from Stripe and Advent International inadequate. The board believes the $60.50-per-share proposal undervalues PayPal and is evaluating financing c

The Bank of Korea raised the base interest rate from 2.5% to 2.75% on the 16th, marking the first rate increase in 3 years and 6 months since January 2023. Governor Shin Hyun-song explained the decision was driven by inflation remaining above target for a considerable period and sustained

Project Eleven introduced a post-quantum cryptographic proof technique designed to help Bitcoin users verify wallet ownership after quantum computers become powerful enough to break current encryption. The solution uses a wallet's key derivation path to prove control of a parent key without

Google released an update with two feature additions on July 16: AI Mode can now connect to third-party apps such as Instacart, Canva, and YouTube, converting AI search answers directly into in-app actions; Google Vids also adds a digital virtual avatar feature based on users’ selfies and voice recordings, with the avatar image featuring an invisible SynthID watermark and linked to the user’s Google account. Google AI Mode App Connections （Source: Google blog） According to an official Google sta

Airbnb co-founder and CEO Brian Chesky’s X account was hacked on July 14, when the attacker posted a series of bullish “real-world asset (RWA) tokenization” tweets in his name. After Fortune magazine used the AI detection tool Pangram to analyze the posts, the system flagged them as 100% generated by AI; users said the posts lacked typical AI writing signals such as commas. Timeline of the Brian Chesky X account hack （Source: Brian Chesky） According to Fortune magazine’s report and the Airbnb an

Bitcoin (BTC) gave back midweek gains, temporarily around $63,890 on July 17. The U.S. “CLARITY Act” is entering the final sprint, and Trump’s conflicts of interest remain a key obstacle. He is accused of promoting Nvidia, Tesla, and Apple stocks just a few days after buying shares in those companies. Macro Events & Crypto Market Hotspots According to The Block, the U.S. Congress is in the final sprint for the “CLARITY Act.” Optimism among lawmakers is rising, but ethical provisions around confl

Netherlands-based semiconductor equipment manufacturer ASML is raising prices for EUV and DUV lithography equipment, facing pushback from TSMC, which holds 73% of the foundry market. ASML CFO Roger Dassen cited AI chip supply constraints and stated 'there is considerable room for price increases.' T

Donald Trump and Nancy Pelosi both invest in 10 US stocks, according to financial disclosure reports analyzed by investment media outlet Benzinga. Trump, who made over 21,000 stock trades in 2025, prefers high-volume large-cap stocks and conducts transactions through a blind trust. Pelosi, whose por

Japanese tech stocks tumbled on Friday as SoftBank dropped 8.8%, Tokyo Electron lost 9%, and Advantest slid 9.4%, tracking steep overnight losses on Wall Street. The declines followed another weak session for US technology stocks, with the Nasdaq Composite falling 1.47% as semiconductor shares

The Blockchain Association publicly classified the CLARITY Act in July as a measure to combat cryptocurrency crime and strengthen law-enforcement cooperation. Federal rules would clearly allow investigators to trace illegal financial activity and bring more digital-asset activity under U.S. regulatory oversight. The bill would expand AML (anti-money laundering) obligations, sanctions compliance requirements, and registration and reporting rules for digital-asset exchanges, brokers, dealers, and

Congress is considering the Clarity Act, legislation that would establish a comprehensive federal market structure for digital assets in the United States. Patrick McHenry, former House Financial Services Committee chairman who retired in January 2025 and now serves as senior adviser at Lazard,

Morgan Stanley’s stock and investment trading platform ETRADE announced it has completed the full launch of spot trading for Bitcoin, Ethereum, and Solana, continuing the May pilot program. Qualified customers can now trade three cryptocurrencies directly on the ETRADE platform through a partnership with Zerohash, with a 0.5% trading fee charged for each transaction. Morgan Stanley Bitcoin ETF net assets are currently $384 million. ETRADE spot crypto trading fully launches: Zerohash partnership

US leverage exchange-traded fund (ETF) offerings surpassed 700 products in the first half of this year, with 210 new leverage and inverse ETFs launched during that period according to independent research firm TKL. The rapid expansion reflects aligned incentives among investors seeking returns

Bitcoin fell back to around $63,860 on July 17. At the same time, multiple macro events unfolded in parallel: the U.S. military launched airstrikes on several facilities in southern Iran, including Abbas Port, Shaher Airport, and bridges in Hormozgan Province. The Hormozgan provincial government said two people were killed and four were injured. Dallas Fed Chair Lorie Logan (Lorie Logan) delivered remarks in Houston, saying the Fed may need to raise interest rates “moderately.” U.S. military car

Privacy-focused cryptocurrency ZEC (Zcash) rose 22.87% over the recent one-week period, recovering substantial losses recorded after a vulnerability disclosure. The price reached $567 as of 2PM Korean time on the 16th, according to CoinMarketCap. The recovery followed confirmation that no actual

Pakistan's Virtual Assets Regulatory Authority (PVARA) challenged a June ruling by Jamia Darul Uloom Karachi, one of the country's most influential Islamic seminaries, which declared cryptocurrency-based purchases unlawful under Islamic law. PVARA Chairman Bilal bin Saqib sought clarification on the

The USD-KRW 1-month NDF contract closed at 1,479.20 won in overnight New York trading, down 0.35 won from Seoul's 1,480.40 won close after adjusting for swap points. The Bank of Korea raised rates by 25 basis points the previous day and signaled further hikes. A 4.29% drop in the Philadelphia

South Korean life insurance companies recorded increased sales of savings-type insurance in April, reversing a trend that had seen these products sidelined in favor of protection insurance. New contracts for individual savings insurance reached 245,854 cases totaling 14.1923 trillion won in April, u

Homeplus secured a 200 billion won emergency operating fund (DIP financing) through an agreement between its major shareholder MBK Partners and largest creditor Meritz Financial Group, reviving the company's stalled rehabilitation process. Stakeholders reached the compromise after the Seoul