Gate Research: Rising Oil Prices Weigh on Risk Appetite, CoinDCX Confirms Losses from Legacy Wallets

• Stock Markets: All three major US indices declined as rising oil prices heightened inflation concerns. Hong Kong technology, automotive, and non-ferrous metals stocks rebounded. South Korean stocks closed slightly higher after sharp intraday swings, while foreign investors remained net sellers.

• Market Commentary: The crypto market weakened amid choppy trading, with BTC and ETH falling 0.85% and 1.30%, respectively, over the past 24 hours. The Fear and Greed Index stood at 43, indicating fear, while US spot BTC ETFs recorded net outflows of approximately $137.9 million, reflecting continued market caution.

• Trending Tokens: DODO (+24.41%), TA (+17.08%), and REZ (+14.11%) led the gains, with capital rotating among DeFi trading, AI identity infrastructure, and liquid restaking narratives. Open interest in these trending tokens also increased, warranting caution over volatility driven by high leverage.

• Alpha Insights: CoinDCX confirmed losses of approximately 15.99 million USDT stemming from an incident involving its legacy wallet infrastructure and said the platform would absorb the losses. X100 Global was suspected of suffering a flash loan-enabled governance attack, resulting in losses of approximately $4.75 million. Pump.fun added support for Monad, further lowering the barriers for users to access the ecosystem.

Discover more details today → Gate Research: Rising Oil Prices Weigh on Risk Appetite, CoinDCX Confirms Losses from Legacy Wallets

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 26, 2026

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