Gate Cryptocurrency News and Market Analysis

Kumho Electric and Kumho E&C stocks surged on the 21st following President Lee's renewed call for rapid execution of the Honam semiconductor cluster project. At 10:18, Kumho Electric traded at 8,890 won, up 19.17% from the previous session, after hitting the daily price limit of 9,690 won

KOSDAQ fell 4.82% to 800.35 at 10:29 AM on the 21st, triggering a sell-side circuit breaker around 10:05 AM as foreigners and institutions sold approximately 250 billion won and 150 billion won respectively. KOSPI rose 0.46% to 6883.97 during the same period, recovering from earlier weakness as

The U.S. Commodity Futures Trading Commission (CFTC) issued an Advance Notice of Proposed Rulemaking (ANPR) seeking comment on an amendment to Rule 37.3(a)(2) that would eliminate the mandatory requirement for swap execution facilities (SEFs) to maintain an order book for “Permitted Transactions.” The proposed amendment specifically targets Permitted Transactions and would not affect the order book requirements applicable to Required Transactions. CFTC Proposed Amendments: Current Status, Basis

Foreign investors sold Korean stocks for four consecutive months from May through August, driving South Korea's short-term external debt to reserve assets ratio to 46.5% in the second quarter, the highest level in approximately 15 years. The Bank of Korea (BOK) attributed a significant portion of th

Kakao approved a spin-off plan on August 21 to separate its KakaoTalk-based platform business into a new entity called KakaoAI. The South Korean tech company's board decided to split operations into KakaoAI, which will focus on AI-driven platform services, and KakaoX, an investment holding company r

S-Oil recorded an inventory valuation loss exceeding 343.1 billion won in the first half, the only refiner among its competitors to post losses of this magnitude. The loss stemmed from S-Oil's use of the first-in-first-out (FIFO) accounting method, which differed from competitors' weighted average a

Hanmi Pharmaceutical is conducting a self-investigation into internal information leaks after executive corporate card usage records and internal audit reports were disclosed externally. The leaks involve sensitive materials including CEO Song Young-sook's corporate card records, which were

Bitcoin.com cited btcparser data on August 20, reporting that 28 wallets dormant since 2014 transferred a total of 1,314.41 Bitcoin between August 19 and 20, a period of 24 hours. At the time of the transfers, this Bitcoin had a market value of approximately $94.03 million, while Bitcoin was trading at around $72,400, near its weekly high. Transfer Data from the 28 Dormant Wallets According to data from btcparser.com, the 1,314.41 BTC involved in this activity came from wallets created during th

Hanmi Pharmaceutical's stock traded at 386,000 won as of 9:15 AM on the 21st, remaining stagnant despite positive R&D developments and analyst buy ratings. The disconnect stems from repeated internal control issues that surfaced alongside the company's technology export achievements, including a

The Bitcoin Treasuries Conference account posted an interview clip of Blockstream CEO Adam Back on X on Aug. 20, saying that Bitcoin reaching $1 million is “closer than people think.” 動區查明 found that the video came from an interview conducted on Apr. 15–16. He also mentioned betting that Bitcoin’s market cap would match gold’s, which would require a 22x rise. Clip source verification: April interview, not a recent statement (Source: Screenshot of the Bitcoin Treasuries Conference post) The 38-se

Seoul forex dealers forecast USD-KRW exchange rate will trade in a range-bound pattern with 1,400 won as the upper limit on May 21. The outlook reflects conflicting market forces: US interest rate rebounds and oil price increases support dollar strength, while persistent dollar supply surplus and ma

According to reports from Bloomberg and Benzinga on August 21, AI company Anthropic is conducting related calculations and preparing to publicly file a potential large-scale IPO application as early as the end of this month. Its target is for the IPO size to reach or exceed the $75 billion raised when SpaceX went public—or $86.2 billion after the exercise of the overallotment option. Anthropic IPO Size Target Compared with SpaceX’s Record SpaceX (NASDAQ: SPCX) targeted an IPO of $75 billion and

South Korean bond market participants called for reducing 30-year treasury bond issuance at a meeting held on the 19th, as yields surged to a record 4.750% on the 18th and insurance company demand collapsed. Insurance companies and pension funds purchased only 400 billion won of 30-year bonds

Bitcoin (BTC) continued its midweek rebound, trading at around $74,430 as of August 21. CFTC Chairman Michael Selig said that even if the CLARITY Act fails to pass, the crypto industry will still receive market structure rules. CME CEO Terrence Duffy, Selig, and a Kalshi executive engaged in a heated debate over prediction market regulation. Macro Events & Crypto Highlights Bloomberg reported that CFTC Chairman Michael Selig said the crypto industry will receive market structure rules even if Co

South Korea's government bond issuance shows a 30-year bond proportion of 25.61% in the first half, significantly exceeding the 10-year bond proportion of 17.05%, according to bond industry data released August 21. This contrasts sharply with major economies where 10-year bonds dominate: the US

Tom Lee, founder and head of research at Fundstrat Global Advisors, stated ahead of Q4 that the US stock market uptrend will continue and recommended buying AI infrastructure beneficiaries while avoiding crypto-related stocks, according to CNBC on 20일(미국 현지 시각). Lee projected the S&P 500 could

Korean Air and Jeju Air are expected to see second-half financial improvements as the won-dollar exchange rate fell into the 1,300s on August 21, trading at 1,389.60 won per dollar as of 9 a.m. Seoul time. The rate decline reduces foreign currency debt burdens and dollar-denominated costs for fuel a

South Korean Deputy Prime Minister and Finance Minister Koo Yun-chul affirmed on August 21 that the nation's external financial soundness remains solid despite a quarterly decline in net external financial assets. Speaking at a market monitoring meeting held at the Korea Federation of Banks in

Yonhap Infomax surveyed 21 domestic and foreign financial institutions on the 21st regarding the Bank of Korea's Monetary Policy Committee base rate decision next week, revealing sharply divided expert opinion. Of 21 respondents, 11 forecast the base rate will remain frozen at 2.75%, while 10