Gate Cryptocurrency News and Market Analysis

The US Federal Reserve raised its benchmark interest rate by 25 basis points, marking the first increase in 3 years and 2 months, according to Samsung Securities analysis. The rate hike aims to address persistent inflation amid strong economic growth and rising oil prices. Samsung Securities

Korea Zinc secured decisive victories over Youngpoong and MBK Partners in shareholder voting as the management control dispute entered its third year, according to industry sources on the 20th. At an extraordinary general meeting held early this month, Baek In-kyu, the audit committee member

Foreign investors sold 9.9492 trillion won of Samsung Electronics and SK Hynix spot stocks through the 18th of this month while simultaneously purchasing 2.3456 trillion won in futures contracts for the same companies, according to Korea Exchange data released on the 20th. The divergent

Samsung Electronics and SK Hynix are expected to complete their massive share buyback programs by mid-October, earlier than the initially anticipated November deadlines, according to data from Korea Exchange's corporate disclosure channel as of the 20th. The two Korean stocks giants have

Korea Exchange (KRX) launched its aftermarket trading platform on May 14, but recorded 5.738 trillion won in trading volume during the first week through May 18, trailing the existing Nextrade (NXT) aftermarket's 7.236 trillion won by approximately 1.498 trillion won. NXT maintained its lead through

Bybit CEO Ben Zhou stated that Bitcoin remains far from achieving mature 'digital gold' status due to ongoing volatility challenges. Zhou emphasized that Bitcoin's current price fluctuations make it difficult for traditional financial institutions to view the cryptocurrency as a reliable store of

The South Korean government confirmed it will implement cryptocurrency taxation starting next year despite legislative delays and infrastructure gaps. Finance Minister nominee Lee Hyeong-il stated on the 16th that taxation will proceed as scheduled, requiring investors to pay 22% tax including

OpenAI and Anthropic face investor scrutiny over revenue sustainability and cash burn as both AI companies prepare for initial public offerings. OpenAI projects cumulative cash outflow of $278 billion from 2026 to 2030 despite expected revenue of $840 billion during the same period, according to

The KOSPI is expected to experience heightened volatility during the week of September 21-25, ahead of the Chuseok holiday closures on September 24 and 25, according to market analysts. NH Investment Securities projects the index will fluctuate between 6400 and 7500 amid persistent external

The US Commodity Futures Trading Commission (CFTC) the day before allowed cryptocurrency wallet and app operators to connect users to derivatives markets without registering as brokers, according to Decrypt. Previously, operators facilitating derivatives trading were required to register with the CF

The KOSPI market has gone 21 consecutive trading days without triggering a circuit breaker sidecar, marking the longest such period this year. According to Korea Exchange's disclosure system KIND on September 20, the last sidecar activation occurred on August 21, with no triggers since then

South Korean nuclear and cable stocks experienced significant volatility over the recent week as expectations rose and fell regarding the country's potential participation in US nuclear power plant construction projects under a large-scale bilateral investment framework. On the 16th, South Korea's

Asset management firms increased overseas-based ETF launches in the second half, with 40.5% of new products targeting foreign markets since July, according to financial investment industry data compiled through September 18. The shift follows a three-month period where the KOSPI remained

Korea Exchange (KRX) After-Market recorded an average daily trading volume of 1.1476 trillion won during its first week of operation from the 14th to the 18th, representing 4.5% of regular session trading volume. The After-Market, operating from 4 PM to 8 PM, launched on the 14th as part of KRX's in

Korea Exchange investment warning and investment risk designated stocks saw 1 in 4 cases drop over 30% within 20 trading days, according to data from 2022 to August analyzed by National Assembly member Park Seong-hun's office. Out of 1,548 total designations during this period, 398 cases

Korean retail investors returned to net buying US stocks during the third week of September, purchasing $1.1189 billion (approximately 1.5541 trillion won) worth of shares from September 14-18, according to Korea Securities Depository data released on September 20. The reversal followed two weeks of

S&P Global has agreed to acquire OpenZeppelin, a smart contract security company whose open-source software has supported blockchain contracts involved in more than $37 trillion in cumulative transferred value. The deal expands S&P Global's presence in digital assets as financial institutions,

Robinhood Chain collected $4.5 million in daily transaction fees on September 3, while Ethereum received only $400 for data posting and proof costs, according to an analysis by Digital Asset. The stark revenue disparity highlights that increased Layer 2 activity does not directly benefit Ethereum's

Korea Southern Power issued a $300 million climate transition dollar bond on January 15, marking the company's first foreign currency bond of this type and its return to the dollar bond market after three years. The final spread was set at 50 basis points over US Treasury bonds. The issuance

The USD-KRW exchange rate closed at 1,385.50 won at 6 AM on September 21, marking a weekly gain of 41.40 won as the Bank of Japan conducted rate checks on September 18 signaling potential intervention to curb yen weakness. The sharp reversal followed the Federal Reserve's unanimous rate hike and