Gate Cryptocurrency News and Market Analysis

Charles Hoskinson denied rumors of his retirement from Cardano on July 10, calling the claims "categorically untrue" and "a complete fabrication" in a video response. The denial became necessary after decontextualized clips circulated widely enough to reach a London taxi driver and contacts at a

Fundstrat co-founder Tom Lee predicted a $5 trillion network valuation for Ethereum during an appearance on the New Era Finance podcast. ETH trades near $1,740, leaving the network valued at approximately $210 billion, placing Lee's target 24 times above current levels. Lee argued Ethereum remains u

The U.S. Supreme Court ruled that the President may remove Federal Trade Commission commissioners at will, striking down the agency's statutory for-cause removal protection in Trump v. Slaughter. The decision held that the FTC's removal protections violate the Constitution's separation of powers

Michael Saylor, executive chairman of Strategy, says he feels invigorated by bitcoin's mission amid what he describes as a digital monetary revolution, with Strategy continuing to accumulate bitcoin through the 2026 bear market. Bitcoin is trading near $64,000 as Saylor maintains his bullish

Delta Air Lines CEO Ed Bastian said Friday the carrier's original profit goal is in reach this year as the airline passes higher fuel bills along to customers and expects pricing power to last. The company forecast third-quarter earnings of between $2.00 per share to $2.50 per share, compared with a

JoongAng Ilbo received approval to begin its corporate workout program after creditors led by Hana Bank held their first meeting on the 10th and reached consensus by 6 PM with over 75% creditor approval by claim amount. The decision follows the company's submission of a self-rescue plan that

White House officials stated they had 'not received names' from Senate Democrats for potential commissioners at the Securities and Exchange Commission and the Commodity Futures Trading Commission, according to a Thursday letter sent to Senate Majority Leader John Thune and Senate Minority Leader

Revolut connected its standalone crypto exchange, Revolut X, to third-party AI assistants on Friday, allowing customers to analyze markets, monitor portfolios, and place trades using natural language prompts. The integration supports Claude, Gemini, OpenClaw, and Cursor, with users on other

The UK Financial Conduct Authority reported enforcement results from the first year of its new five-year strategy, including three arrests linked to illegal financial promotions, 17 criminal convictions, and more than 2,300 warnings about potentially fraudulent firms. The regulator stepped up

SWIFT confirmed its blockchain-based shared ledger is ready for initial use, with 17 major banks set to pilot live cross-border payments using tokenized deposits. Built on Hyperledger Besu over nine months, the network includes HSBC, Citi, UBS, BNP Paribas, DBS, ANZ, and Standard Chartered among

South Korea's interest rate swap (IRS) rates declined across the board on the 10th day, with the 1-year IRS rate falling 2.25 basis points to 3.4075% as of 4:30 PM. The decline was driven by high certificate of deposit (CD) rates at 2.91%, creating market perception that further rate increases

Bank of East Asia senior investment strategist Chan Wai-chung assessed Hong Kong stocks' recent rally as temporary, following the Hang Seng Index's rise of over 800 points this week to close at 24,175 points. The strategist attributed the rebound to capital rotation from AI and semiconductor

The UAE launched the Middle East's first sovereign AI data center in Ras Al Khaimah. Innovation City, the UAE's AI-powered free zone, partnered with Siada, an enterprise under the IOPn group, to establish the facility, which uses NVIDIA B200 GPUs and ensures all computations remain under UAE

Cathie Wood's Ark Invest purchased 217,896 shares of Circle Internet Group on Thursday across three exchange-traded funds, totaling approximately $13.7 million, while offloading 85,319 shares of Robinhood worth $9.8 million. The trades reflect Ark's active portfolio management strategy, which

The U.S. Senate is preparing to release a merged draft of the CLARITY Act the week of July 13, according to sources familiar with the legislation. The unified text, which adds over 70 pages to earlier versions, faces a 60-vote threshold for passage, and two Democrats have warned that unresolved

Hanwha Ocean sold USD 2 billion in forward exchange contracts on July 10, marking a strategic shift to increase its currency hedging ratio above 70%. The South Korean shipbuilder, which previously maintained an essentially open foreign exchange position, began raising its hedging ratio last month an

From 2026 to date, six technology companies—Amazon, Alphabet, Nvidia, Meta, Oracle, and SpaceX—have issued a record $182 billion in investment-grade bonds, up 1,300% from about $13 billion in the same period of 2025. These six firms account for nearly 15% of the total U.S. corporate bond issuance volume this year to date and contribute more than 50% of the increase in corporate bond issuance this year. In the same period, there were seven bond trades in the U.S. market with deal sizes of $25 bil

Foreign investors increased their holdings in Korean semiconductor equipment and consumer goods stocks this month through July 10, according to investment industry data. The buying pattern reflects growing interest in performance-backed stocks ahead of the Q2 earnings season. Among listed

Lam Research and KLA Corp stocks declined 2.4% each in premarket trading on Friday, while Applied Digital shares fell nearly 1%, retracing gains from the previous session after momentum from Meta Platforms' custom chip program announcement faded. The pullback followed Thursday's rally when Reuters r

The PLUS Japan Semiconductor Materials/Parts/Equipment ETF delivered a net asset value (NAV) return of 104.54% over one year as of the previous day, according to Korea Fund Ratings FundSquare on the 10th, alongside 7.42% in one month and 17.75% in three months. The ETF maintained stable