Equity Market Commentary: Elevated oil prices and rising long-term U.S. Treasury yields weighed on risk appetite, sending all three major U.S. equity indices lower. Hong Kong stocks traded on subdued turnover, with property and automobile shares outperforming while technology and biotechnology stocks came under pressure. South Korean equities also declined sharply as foreign and institutional investors sold semiconductor heavyweights.
Crypto Market Commentary: BTC fell approximately 3.78% over the past seven days to $78,192, while ETH declined around 1.64% to $2,466. BTC dominance rose to approximately 58.57%, with capital remaining concentrated in major crypto assets and select segments such as memes, AI agents, privacy coins, and the Solana ecosystem.
Key Data Highlights: Total stablecoin supply stood at approximately $311.0 billion, with USDT and USDC accounting for a combined 82.9%. Ethereum’s average daily gas price over the latest six complete calendar days was approximately 1.07 Gwei. ITA, ZEUS, and MET gained around 207.10%, 124.80%, and 22.66%, respectively, over the past 24 hours.
This Week’s Focus: Polygon Open Money Stack integrated the TRON stablecoin payment network; Cardano launched the CIP-0113 programmable token standard, supporting functions such as KYC, sanctions screening, and asset freezing; Solana released an open-source delivery-versus-payment framework for tokenized assets; and the U.S. SEC proposed revisions to crypto custody rules for investment advisers and regulated funds.
Looking Ahead: Token unlocks over the next seven days will primarily involve CONX, STRK, and APT, with estimated values of approximately $13.54 million, $11.20 million, and $9.10 million, respectively. Investors should also monitor U.S. inflation data, Federal Reserve policy signals, oil prices, and long-term Treasury yields for their potential impact on risk assets.
Discover more details today → Gate Research: Major Crypto Come Under Pressure and Retreat, Payment and Compliance Infra Expands Rapidly
Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis.
Disclaimer
Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.
Gate Team
October 8, 2026
Gateway to Crypto
Trade over 5,300 cryptocurrencies safely, quickly, and easily on Gate
Take Action Now
Sign up and claim up to $10,000 in welcome rewards
Invite friends and earn a 40% commission
Stay Connected
Visit Gate's official website
Download the Gate App | Desktop
Follow us on X (Twitter) to get more bonuses
Join our Telegram community to discuss trending topics
Engage with our global community for the latest insights
Transparency & Security
Check our 100% Proof of Reserves
