Gate Research: Risk Appetite Recovers Moderately as Stablecoin Rules and Public Blockchain Upgrades Take Effect

• Stock Market Commentary: U.S. stocks rebounded broadly, supported by AI-related optimism and strong earnings, with technology stocks leading gains while consumer and healthcare sectors generally came under pressure. Hong Kong stocks continued to weaken amid net southbound outflows, weighed down by technology and new energy stocks, while South Korean equities staged a strong recovery as foreign capital returned to the semiconductor sector.

• Crypto Market Commentary: BTC and ETH rose 2.30% and 2.52%, respectively, over the past seven days. Lower oil prices and improved risk appetite in U.S. equities provided support, although elevated U.S. Treasury yields continued to limit upside momentum.

• Key Data: Total stablecoin supply stood at approximately $301.3 billion, while the average daily Ethereum Gas Price over the past week was around 0.84 Gwei. DOOD, IOST, and MPLX gained 85.56%, 43.02%, and 37.89%, respectively, with NFT-related developments, token burns, and improved liquidity serving as key catalysts.

• This Week’s Focus: Switzerland approved its first spot Bitcoin ETF for retail investors; Mastercard opened early access to Agent Pay for Machines; and Ethereum staking reached 43.8 million ETH in Q3, accounting for approximately 35.90% of total supply and marking a quarterly record high.

• Next Week’s Watch: GRAM, H, and AVAX are set to lead token unlocks over the coming week, with a combined value of approximately $88.39 million, representing around 1.2%, 7.3%, and 0.4% of their respective circulating supplies.

Discover more details today → Gate Research: Risk Appetite Recovers Moderately as Stablecoin Rules and Public Blockchain Upgrades Take Effect

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 22, 2026

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