Gate Cryptocurrency News and Market Analysis

S&P Global reported on July 24 that the Eurozone's service sector purchasing managers' index (PMI) preliminary reading for July reached 51.6, marking a shift from contraction to expansion. The service PMI rose from June's 49.4, surpassing the 50.0 threshold that separates contraction from expansion

Samsung Electronics announced plans to add stablecoin support to Samsung Wallet during the Galaxy Unpacked showcase on Wednesday. Samsung product manager Lee Dinham said the company aims to expand the wallet beyond traditional payments by integrating digital assets alongside existing payment and

The XRP Ledger (XRPL) is emerging as a blockchain built for institutional tokenization as the market for tokenized real-world assets moves toward a multi-trillion-dollar future. The network already offers operational infrastructure for financial institutions, including native on-chain asset

Germany's manufacturing and services sectors showed improvement in July, with key business activity indicators reaching 4-month highs, according to data released by S&P Global on July 24. The manufacturing PMI preliminary reading came in at 52.2, surpassing the 50.0 expansion threshold and marking t

Deriv integrated its proprietary Derived Indices with TradingView, enabling traders to analyze and execute trades on the broker's exclusive synthetic markets directly from the charting platform. The integration provides access to Deriv's 24/7 markets while introducing TradingView users to products a

BNB Chain has become the largest blockchain host for Franklin Templeton's Benji platform assets, according to validated Benji data. Approximately $1.5 billion of Franklin Templeton's tokenized money market

Naver and Dunamu cleared a partial obstacle to their merger on the 24th as South Korea's Presidential Regulatory Reform Committee recommended establishing exception provisions for virtual asset operator major shareholder qualification screening. The Committee's Growth Subcommittee concluded that

The USD-KRW exchange rate fell to 1,466.60 won as of 3:30 PM on July 23 in the Seoul foreign exchange market, down 0.20 won from the previous trading day's close of 1,466.80 won, marking the lowest closing level since May 7. The decline occurred despite overnight oil price rebounds that

A Polymarket account in the name of George Cottrell received $8.8 million in cryptocurrency from unidentified sources in 2024, the Financial Times reported. Cottrell, a convicted fraudster who has funded Reform UK leader Nigel Farage, used the account—registered as 'GCottrell93'—to bet on Donald

Korean foreign exchange swap points rose on the 24th, reflecting a market imbalance where dollar supply exceeded won availability. The 1-year FX swap point closed at -12.90 won, up 0.70 won from the opening price, while shorter maturities also gained across the board. The upward movement stemmed fro

PayPal, Robinhood and Coinbase will report second-quarter results over four days next week, creating a concentrated test of whether stablecoins, prediction markets and crypto services have become material earnings drivers. PayPal is scheduled to report on July 28, followed by Robinhood on July 29 an

Renewable energy exchange-traded funds (ETFs) in South Korea surged over a one-week period from July 17 to July 24, with the PLUS Solar&ESS ETF climbing 20.65%, driven by escalating military tensions in the Middle East. Brent crude oil exceeded $100 per barrel on July 23 (local time) for the first t

Korean retail investors purchased over $613 million in SK Hynix American Depositary Receipts (ADR) on the New York Stock Exchange from listing through the 23rd, prompting criticism from global finance experts. Owen Lamont, Senior Vice President at Acadian Asset Management,

EcoPro BM, a South Korean battery materials manufacturer, submitted an amended securities filing on May 24 maintaining its 1.2 trillion won capital raise plan. The Financial Supervisory Service requested the first amended filing on the 14th, prompting the company to expand its disclosure

Hugging Face, a New York-based AI startup, suffered a cyberattack last week and turned to a Chinese AI model for analysis after leading US AI systems refused to assist due to safety restrictions. The company used Zhipu AI's open-source GLM-5.2 model to successfully process the intrusion data, after

Zhibao Technology, a Shanghai-based insurer trading on Nasdaq stocks under ticker ZBAO, signed a non-binding agreement for a roughly $220 million PIPE deal paid in approximately 3,500 Bitcoin rather than cash. The proposed transaction would transfer Bitcoin directly to Zhibao's balance sheet and

The XRP Ledger Foundation released version 3.2.0 of the network's core server software, renaming the server binary from 'rippled' to 'xrpld' under the XLS-0095 standard. The renaming reflects the XRP Ledger ecosystem's ongoing shift toward independent identity separate from Ripple the company, as th

Banxa, a regulated fiat-to-crypto payment infrastructure provider, has integrated cross-chain liquidity platform LI.FI to enable users to purchase and transfer on-chain assets across more than 60 blockchain networks through a single transaction. The integration eliminates the need for manual asset s

SK Co. launched a tender offer for SK Signet shares to delist the EV charger maker ahead of a planned sale. According to a Financial Supervisory Service filing on the 24th, SK will acquire 25.07% of outstanding shares (excluding its 74.90% stake and treasury stock) from the 24th of this month to the

HSBC Holdings agreed to sell HSBC Life Singapore to Allianz for SGD 2.7 billion (approximately HKD 16.373 billion), with the transaction expected to complete in the first half of 2027 pending regulatory approval. The two parties will establish a 15-year exclusive bancassurance distribution