Gate Cryptocurrency News and Market Analysis

Mirae Asset Group announced on the 23rd that acquired digital asset exchange Korbit will relaunch under the new name Digital X. Chairman Park Hyun-joo communicated the rebrand through a letter to employees titled 'Digital X: Welcoming the Start of a New Voyage.' The name change reflects Mirae Asset'

Hyundai Glovis reported Q2 revenue of 8.7054 trillion won and operating profit of 495.1 billion won, exceeding market consensus. This marks the first time the company's quarterly revenue surpassed 8 trillion won. The logistics firm maintained stable global supply chain management despite Middle

Samsung Securities overtook Korea Investment & Securities to claim second place among 15 securities firms in retirement pension reserves as of June 2024, according to the Financial Supervisory Service's integrated pension portal released on December 23. Samsung's reserves reached 28.0919 trillion

Nokia Oyj's (NOK) stock jumped more than 6% overnight in New York trading after the Finland-based telecom company posted fiscal second-quarter (Q2) results on Thursday. The gains followed Q2 revenue rising 8% year-on-year to €4.82 billion and earnings of €0.07 per share, both matching analyst

Kolon TissueGene stocks hit the daily limit-down for three days from May 21 to May 23 after its arthritis drug failed a US Phase 3 trial. The stock closed at 21,050 won on May 23, down 29.95%, after trial TGC-15302 for TG-C treatment did not show statistical significance versus placebo in Visual

GE Vernova Inc. (GEV) reported second-quarter earnings on Wednesday, with total backlog growing to more than $176 billion, a 37% year-on-year increase. The growth was driven by equipment orders that more than doubled and a 15% increase in service orders, led by the power and electrification

Zilliqa disclosed a critical security vulnerability affecting its Ledger application that allows private keys to be reconstructed from public signatures after only five native Zilliqa transactions. The flaw, detailed in a July 22, 2026 tweet from Zilliqa's official account, stems from a

KB Financial Group reported a net profit of 1.9922 trillion won in Q2, a 14.6% increase from the same period last year, marking a new quarterly record. The surge was driven by a 55.2% year-on-year jump in net fee income to 1.6019 trillion won, fueled by capital market activity across banking,

The Korea Institute of Science and Technology (KIST) launched Korea's first industry-academia-research council for AI data center thermal management on the 23rd. KIST held the '2026 AI Data Center Thermal Management Council Inauguration and Commemorative Symposium' at its Seoul headquarters in

Dante Disparte, Chief Strategy Officer of Circle, conducted an interview with South Korean media in Seoul on May 23. Circle held a private 'Current Seoul' event the same afternoon at Chosun Palace in Gangnam, attended by domestic financial institutions, virtual asset operators, payment companies, an

Lee Hee-jin, Director of Kyobo Securities, presented a framework for institutional digital asset investment infrastructure at a National Assembly Members' Hall conference on May 23. Speaking at the 'Institutional Investor Era, A New Start for a Trusted Digital Asset Market' conference in Seoul's

BancaStato launched regulated cryptocurrency trading through partnerships with Sygnum and Avaloq, according to a Thursday announcement. The Swiss cantonal bank serving Ticino region integrated Sygnum's digital asset platform to allow customers to buy, sell and hold Bitcoin, Ether, Litecoin and

South Korea's five largest won-based cryptocurrency exchanges recorded a combined average daily trading volume of US$305 million over a seven-day period in July 2026, down from US$2.82 billion during a comparable period in July 2025, representing an 89% decline, according to trading data analysis.

SoundCloud has acquired the assets of Nina Protocol, a decentralized music platform that ceased operations earlier this year. The acquisition brings Nina's artist community, editorial archives, and music

Hana Securities researcher Lee Young-joo stated on the 24th that the core evaluation criteria for global artificial intelligence (AI) investment cycles are shifting from capital expenditure (Capex) to efficiency and profitability. This shift occurs because AI infrastructure investment has already ex

Five major South Korean securities firms are projected to achieve combined operating profits approaching 5 trillion won in the second quarter, according to financial data provider FnGuide. Mirae Asset Securities, Korea Financial Group, Samsung Securities, Kiwoom Securities, and NH Investment & Secur

Gene Munster, managing partner at Deepwater Asset Management, raised his assessment of a potential SpaceX-Tesla merger to 90% probability following Tesla's second-quarter earnings call on the 22nd (local time). Munster stated on X that he increased his outlook from 80% after Elon Musk, CEO of both c

Seoul Southern District Court sentenced crypto influencer Park, known as 'EtherFather', to four years in prison for fraudulent trading under the Virtual Asset User Protection Act. Accomplice A received a 2.5-year sentence while accomplice B was given a three-year suspended sentence. The trio was