Gate Research: BTC and ETH Post Weekly Losses, Funding Flows into AI Compute and On-Chain Compliance

• Stock Market Commentary: U.S. indices closed modestly higher, led by chips and memory. The Hang Seng Tech Index rose 1.40% and the KOSPI gained 6.63%, with semiconductors as the main driver.

• Crypto Market Commentary: BTC and ETH fell 0.26% and 1.30%, respectively, over the past seven days. The Federal Reserve held rates at 3.75%–4.00%; high interest rates and inflation uncertainty continued to constrain risk assets.

• Key Data: Stablecoin market capitalization was approximately $298.621 billion, with USDT and USDC accounting for 84.61%; the seven-day average Ethereum Gas Price was 0.68 Gwei from October 22 to 28. IDOL, MPLX, and ZEUS gained 78.55%, 49.81%, and 35.92%, respectively; no new catalyst was confirmed, and altcoin capital remained narrow.

• This Week’s Focus: Robinhood Chain generated $26 million in its first full quarter after mainnet launch, but Robinhood crypto revenue fell 55% year over year; revenue sustainability across prediction markets and blockchain businesses remains to be verified. As U.S. midterms approach, the CLARITY bill and congressional oversight remain subject to change. The CFTC sued Utah over prediction-market regulatory authority, while Zcash’s proposed ZCG-to-NSM subsidy redirection remains a draft.

• Next Week’s Watch: M, EIGEN, and SUI unlocks total approximately $71.5 million from October 30 to November 5.

Discover more details today → Gate Research: BTC and ETH Post Weekly Losses, Funding Flows into AI Compute and On-Chain Compliance

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 29, 2026

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