Gate Cryptocurrency News and Market Analysis

France's Autorité nationale des jeux (ANJ) ordered internet service providers to block access to Polymarket, citing illegal gambling operations. The National Gambling Authority announced the decision in a Friday press release, stating that prediction websites constitute illegal gambling under

Elon Musk completed his $44 billion acquisition of Twitter on October 27, 2022, becoming the owner of one of the most consequential platforms in media history. The platform, now rebranded as X, was marked down by as much as 79 percent by Fidelity at one point but has since recovered to

NVentures, NVIDIA's corporate venture capital arm, reportedly acquired 141,834 shares in fintech company Revolut, according to a UK Companies House confirmation statement cited by Tech Funding News. At the reported funding-round price, the stake would be worth approximately $196 million, though

SBI Holdings acquired a controlling stake in Singapore crypto platform Coinhako on July 16, expanding its digital asset operations across Southeast Asia. The Japanese financial conglomerate completed the transaction through its Singapore subsidiary, SBI Ventures Asset, following approval from the

SpaceX saw its market capitalization drop by approximately $1 trillion in about one month, according to Bloomberg on the 17th (local time). The US space and AI company's stock price fell to $122.12, reducing its market cap to $1.61 trillion from a peak of $2.64 trillion recorded on the 16th of

Korean bank stocks rose while the broader market fell sharply, with the KRX Bank Index gaining 2.33% over the recent month even as the KOSPI dropped 20.19%. The Bank of Korea raised its benchmark interest rate from 2.50% to 2.75% on the 16th, the first increase in 3 years and 6 months, positioning b

The convergence of traditional finance and decentralized trading continues to accelerate as crypto-native platforms expand beyond digital assets. One of the latest examples comes from Margin Trade, a Solana-native perpetual trading platform that has introduced a new market tied to SK Hynix, one of t

Pharmaresearch received mixed stock price target adjustments from securities firms on May 16 as the company expands its Rejuran skincare brand into cosmetics and overseas markets. Samsung Securities raised its target from 400,000 KRW to 420,000 KRW, and Kiwoom Securities increased its target from 44

Korean securities stocks declined during the first half of July as broader market volatility weighed on the sector. The KOSPI securities index fell 3.17% from July 1 through July 16, underperforming the KOSPI's 19.53% decline over the same period, according to Korea Exchange data. The weakness in se

Korean listed companies implemented 256 stock consolidation cases from Feb 12 to the 15th following stricter delisting regulations introduced by the Financial Services Commission and Korea Exchange from July 1st. The regulatory overhaul added a 1,000 won penny stock threshold to delisting criteria a

XRP trades around $1.08 on July 18, 2026, down more than 60% from its all-time high of $3.65 reached exactly one year ago on July 18, 2025. Google search interest for the token has collapsed 91% from a perfect score of 100 during the peak week to a current reading of 9, marking what analysts

Dmitry Dubynin, CEO of Russia's National Payment Card System (NSPK), declared that Visa and Mastercard cards are effectively absent from the Russian market, calling them valueless pieces of plastic. International sanctions rendered the cards non-functional abroad and blocked access to loyalty

Park Hong-geun, Minister of Planning and Budget, stated on July 18 that the government does not expect the semiconductor boom to end abruptly, addressing concerns about a peak-out. During a YouTube 'Kim Writer TV' interview, Park announced plans for large-scale fiscal investment in youth policies an

Korean securities firms reversed their target price stance in July 2026, issuing 323 downgrade reports compared to 249 upgrades—the first time downgrades exceeded upgrades this year, according to financial data provider FnGuide. The shift occurred after the KOSPI index closed at 6,820.60 on the 16th

Sequentum Cloud won the 2026 CODiE Award for Best No-Code/Low-Code Platform in the Developer & AI Technology track, announced on July 15, 2026. The platform's expanding reach across financial institutions, government agencies, and global enterprises, along with growing adoption among developers

Korean stocks avoided a sharp decline on July 17 as the market was closed for Constitution Day, while US semiconductor stocks plummeted the previous day. SK Hynix American Depositary Receipts (ADR) fell 13.69% on July 16 (local time) in New York, alongside declines in NVIDIA (-2.40%) and

Ripple awarded $250,000 to 25 veteran- and military spouse-owned businesses through The Ripple Effect: Certified Veteran Employer Grants Program, a joint initiative with Hire Heroes USA. Each recipient receives a $10,000 grant designed to support business growth and future hiring. The funding aims t

Seoul's office market recorded a vacancy rate of 4.9% in the second quarter, up 1.7 percentage points from the previous quarter, while average rent reached a record ₩40,335 per square meter, according to global real estate services firm Colliers. The vacancy increase was driven by large-scale new

Tesla Korea is transitioning its Full Self-Driving (FSD) purchase model from one-time payment to monthly subscription starting August 10. The company will discontinue the option to buy FSD as a vehicle purchase add-on, offering only a monthly subscription at 150,000 won per month. This follows a