Stock Market: On October 26, the three major U.S. equity indexes closed higher, with the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite up 0.70%, 0.28%, and 0.82%, respectively. Anthropic’s public filing of U.S. IPO documents improved AI-trade sentiment; the technology sector gained 1.50% and the Philadelphia Semiconductor Index rose 2.80%, while Meta fell about 1.90% after announcing an equity-financing plan of up to $95 billion. Hong Kong shares were mixed: the Hang Seng Index and Hang Seng China Enterprises Index gained 0.51% and 0.59%, while the Hang Seng TECH Index fell 0.36%; oil and gas, property, and embodied-intelligence shares strengthened, while computing hardware, optical communications, memory, and gold lagged. South Korean shares weakened, with the KOSPI down 1.46% and the KOSDAQ down 3.26%, as semiconductor, automobile, secondary-battery, and financial shares broadly came under pressure.
Market Commentary: BTC traded at 80,268.50 USDT, up about 0.44% over 24 hours. It recovered above EMA7 and EMA30 on the hourly chart but remained below EMA120 and EMA200; ETH fell 0.15% to 2,326.30 USDT, with the short-term recovery yet to reverse medium-term pressure. Total cryptocurrency market capitalization was approximately $2.71 trillion, down 1.54%, with 24-hour turnover of approximately $71.4 billion; BTC dominance was 60.03%, while the CoinGlass Altcoin Season Index stood at 64, in Bitcoin Season, leaving market breadth limited.
Trending Tokens: Q, TAG, and DOOD gained 270.09%, 44.55%, and 38.74%, respectively. Q had an hourly RSI of 95.05 and Gate USDT perpetual-futures open interest rose by approximately $2.86 million; approximately 241 million Q are scheduled to unlock on November 2. TAG’s RSI reached 83.42 as price and open interest rose together, while DOOD saw spot-price retracement alongside higher open interest. No directly verifiable contemporaneous catalyst was identified for TAG or DOOD; all three warrant attention to high-level turnover, changes in leverage, and pullback risk.
Alpha Insights: Hyperliquid said Kraken parent Payward is proposed to become the first CFTC-regulated deployer for HIP-3* markets, but both the structure and products remain subject to regulatory approval, and testnet availability does not mean U.S. customers can trade. The NBA and CFTC signed a prediction-market integrity memorandum that creates no binding rights or obligations and does not approve any exchange, contract, or product. South Korea is discussing a further delay to virtual-asset income tax, with January 1, 2029 reported as the more likely option; the change has not been enacted.
Discover more details today → Gate Research: Anthropic Files for IPO, BTC Recovers
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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 27, 2026
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