Gate Cryptocurrency News and Market Analysis

Four masked men broke into a family home in Vendin-le-Vieil, northern France, around 4am on Sunday, binding a crypto sector IT worker, his wife, and their two children aged eight and twelve with black tape before forcing the 40-year-old father to transfer €40,000 (approximately $46,000) in

Bitcoin touched the $84,000 level after breaching $80,000 last week, prompting investor Jason Calacanis to characterize the move as a dead-cat bounce and question Bitcoin's relevance 17 years after its creation. Calacanis argued Bitcoin is not well-suited to transactions or smart contracts, has an i

The USD-KRW exchange rate declined 2.30 won to close at 1,381.00 won as of 3:30 PM in the Seoul foreign exchange market on the 21st, marking the first drop in eight trading sessions. The decline occurred as export companies' steady dollar sales applied downward pressure, though import payment

X Internet Unlimited Company and X Corp. filed a lawsuit in London against UK residents Vivek Kumar Sen and Zamyang Sherpa, alleging fraud through X's Creator Revenue Sharing program. X suspended the defendants' accounts on Aug. 18 over what the company describes as coordinated revenue-sharing fraud

Hyundai Securities raised Hyundai Steel's target price to 46,700 KRW on the 21st, upgrading from 36,500 KRW, while maintaining a 'Buy' rating. The brokerage projects Hyundai Steel's third-quarter operating profit at 100.1 billion KRW, a 73% increase quarter-over-quarter and 7% year-over-year.

Cardano's delegated representatives rejected a proposal to withdraw 12.29 million ADA from the community treasury to fund Input Output's Pogun Bitcoin DeFi product, with 35.67% of DRep voting power in favor and 64.33% opposed according to the final Koios summary. The vote means Cardano retains the ADA but forfeits revenue-sharing terms Input Output had attached to the deal. Charles Hoskinson subsequently stated IOG will no longer default to launching future products on Cardano, marking a governa

Christine Lagarde allegedly asked Greek Prime Minister Kyriakos Mitsotakis not to approve Binance's Markets in Crypto-Assets Regulation application, according to a Wall Street Journal report referenced by Cointelegraph that cited a vice chair of Greece's Hellenic Capital Market Commission. Neither L

Online investment-linked finance companies in South Korea sold 232.1 billion KRW (approximately $174 million USD) in delinquent debt to third parties from January 2023 to the end of March this year, according to data the Financial Supervisory Service submitted to Democratic Party lawmaker Min

Korean target date funds reached 25.6 trillion won in net assets at the end of last year, growing 55% with 13.7% returns. Samsung Asset Management now advocates for increased domestic asset allocation following April regulatory changes that recognized domestic-only TDFs as qualified products and

Yuanta Securities cut its target price for Hugel stocks to 370,000 won from 420,000 won on the 21st, citing near-term earnings pressure from the company's US sales structure transition, while maintaining a BUY investment rating. Analyst Lee Da-bin attributed the adjustment to revenue gaps and

Kiwoom Asset Management replaced more than half of the holdings in its KIWOOM US S&P Momentum exchange-traded fund during September rebalancing, the firm announced on the 21st. The asset manager swapped 54 out of 99 stocks, representing 54.5% of the portfolio, as part of its semi-annual adjustment p

Korean investors in US 30-year Treasury ETFs recorded an average loss of 5.9% year-to-date as of the 21st, according to ETF CHECK data. The losses deepened after the US Federal Reserve raised interest rates last week for the first time in three years, pushing the 30-year Treasury yield above 5.3% th

Qualcomm, Inc. gained 1.2% in premarket trading on Monday, recovering marginally from a 5.8% drop on Friday that marked its worst single-session decline in three months. The chipmaker is preparing to host its annual Snapdragon Summit in Maui, Hawaii, from Sept. 22-24, with investors looking for

Hyperliquid launched manual spot borrowing, allowing users to borrow USDC and USDT stablecoins against collateral including HYPE and Bitcoin. The feature runs through HyperCore, the platform's native trading and account infrastructure, enabling traders to unlock liquidity without closing existing po

Wall Street's investment thesis on artificial intelligence is undergoing a structural shift. Over the past two years, the market was eager to ask “which large model will win” and “which chatbot will dominate the gateway,” but the mainstream narrative has now shifted to a more fundamental question: Who controls the data pipelines and computing infrastructure behind every model? The core concept behind this shift is Sovereign AI—placing data and AI models under the control of a country or enterpri

Hyundai Motor Company faces downward pressure on its stock valuation as brokerages retreat from 'physical AI' company assessments and return focus to traditional automotive business challenges. On May 21, Citigroup cut its 12-month target price for Hyundai Motor from 559,000 won to 455,000 won, a 19

Sonix, a South Korean RF filter foundry specialist, has been selected for a Korea-Switzerland joint research and development project to expand into AI photonics foundry services. The Ministry of Trade, Industry and Energy announced Sonix will collaborate with Swiss photonics firm Luxtelligence,

Further Ventures Managing Partner Faisal Al Hammadi stated in a recent interview with Maeil Business Newspaper that the firm views business opportunities through collaboration with traditional Korean financial institutions as significant amid the ongoing institutionalization of virtual assets in Kor