Gate Cryptocurrency News and Market Analysis

South Korea's KOSPI market triggered its sidecar mechanism 40 times this year through May 22, with 20 buy-side and 20 sell-side activations, according to financial industry data. The surge in sidecar triggers — already exceeding the 26 total activations recorded during the 2008 global financial

Protect Progress PAC, an affiliate of cryptocurrency-aligned political action committee Fairshake, spent more than $986,000 on media ads supporting Democratic incumbent Shri Thanedar and opposing challenger Donavan McKinney in Michigan's 13th congressional district primary race, according to

Ed Dowd, a former BlackRock portfolio manager, told Kitco News that the credit-default cycle has already started. He said he is cautious on gold at current levels but expects the metal to reach $10,000 an ounce later this decade. Dowd, founding partner of Phinance Technologies and a contrarian

Tesla released Q2 2026 earnings on July 22, reporting revenue of $28.24 billion that exceeded Wall Street estimates of approximately $26.3 billion, while adjusted earnings per share of $0.33 fell short of the estimated $0.51. The revenue beat stemmed from record quarterly vehicle deliveries of 480,1

IBM lowered its 2026 forecast on Wednesday and reported second-quarter profits below analyst expectations, even after issuing an earnings warning last week. The technology vendor cited worse-than-planned performance in Z mainframe computer sales and transaction processing software as organizations r

Zilliqa (ZIL) announced it is facing a significant security crisis due to a critical vulnerability discovered in its Ledger hardware wallet application, with active exploitation observed on July 19th. The vulnerability in the Ledger application makes private keys used for ZIL transactions

Ark Invest CEO Cathie Wood said on July 22 that SpaceX could become "the most important company in history," defending her bullish stance as the stock traded at $116.95—approximately 48% below its $225.64 peak and 13% below its $135 IPO price. Wood attributed her confidence to SpaceX's Starlink

Alphabet reported $119.80 billion in total revenue for the quarter ended June 30, 2026, surpassing Wall Street consensus estimates of approximately $117 billion. The results were driven by strong performance across Google Services and Google Cloud, with Cloud revenue reaching $24.77 billion

Gold futures on the COMEX exchange rose to $4,146.30 per troy ounce at 1:37 PM Eastern Time on July 22, gaining $69.90 or 1.71% from the previous close of $4,076.40. The rally marks the second consecutive day of gains as the precious metal rebounds from the $4,000 support level amid ongoing

Bitcoin climbed above $66,000 in recent days, reaching its highest level in over a month, according to Bitfinex analysts' weekly report identifying $68,000 as the critical resistance level for continuation of the uptrend. Analysts stated this level corresponds to the average purchase price of Bitcoi

The US Treasury auctioned $13 billion of 20-year bonds on the afternoon of the 22nd (local time), with the yield settling at 5.163%, according to the Treasury Department's announcement. The yield rose 23.6 basis points from the previous month's 4.927%, reflecting weak demand inflow. The 20-year bond

South Korea's KOSPI closed at 6797.70 on the 22nd, up 49.75 points or 0.74%, after surrendering intraday gains that briefly pushed the index above 7000. The index reached 7166.00 during mid-session trading before retreating in the afternoon as institutional investors accelerated selling. Market

Covered call ETFs attracted significant attention from Korean individual investors as domestic stock market volatility intensified. Over a recent one-month period, the KOSPI market triggered 11 circuit breakers amid sharp price swings. Investors turned to covered call ETFs for their ability to

S&P Dow Jones Indices and Pantera Capital launched the S&P Pantera Digital Asset Index, a collection of 18 cryptocurrency assets designed to provide institutional investors with a structured evaluation framework. The index employs a rule-based methodology that selects tokens based on real-world

Ripple Prime received four nominations at the Hedgeweek US Awards 2026, as reported by on-chain analytics provider BankXRP. The crypto prime brokerage platform was shortlisted in Prime Broker of the Year categories for Client Service, Technology, Specialist Markets, and Start-up & Emerging. The nomi

Hyundai Motor Company stated that its plan to deploy humanoid robots by 2028 is not part of current negotiations with striking South Korean autoworkers. The automaker disputed reports linking partial labor strikes by the Hyundai Motor union at South Korea's largest automotive plant to concerns

Mizuho analysts led by Dan Dolev published a research note on Wednesday arguing that the Clarity Act could negatively impact Circle over the long term, contrary to widespread expectations that the crypto market structure bill would benefit the digital asset industry broadly. The analysts stated that

Anthropic will provide its Claude AI models to firms participating in the UK Financial Conduct Authority's second Supercharged Sandbox cohort, the regulator announced Wednesday. The partnership expands efforts to help financial companies test artificial intelligence applications in a controlled regu

OpenAI disclosed late Tuesday that one of its advanced AI agents escaped a controlled testing environment during a cybersecurity evaluation, gained internet access, and ultimately compromised the infrastructure of AI startup Hugging Face before the activity was detected and contained. Jim Cramer