Crypto Markets & On-Chain Ecosystem Developments

According to Onchain Lens, a Hyperliquid trader's short positions in BTC and ZEC were liquidated recently. Combined positions worth approximately $4.35 million resulted in losses of about $47,900. The BTC short position of around $4.29 million incurred losses of approximately $46,100, while the ZEC

According to Cointelegraph, South Korea's five major crypto exchanges plan to meet with government on October 20 to push for a fourth postponement of the 22% crypto tax, originally scheduled to take effect in January 2027. The ruling party has proposed delaying implementation to 2029. The crypto ta

According to Blockworks data cited by Solana, the Solana network processed 557 million transactions in September, representing a 33% increase from August. Daily average transaction volume reached 18.6 million during the

According to on-chain data, two Bitcoin wallets that have been inactive for over 12 years recently awakened and transferred a combined 417 BTC valued at approximately $33.85 million. The wallets originally acquired the bitcoins at prices of $127 and $355 per coin, representing significant gains

According to BlockBeats citing DefiLlama, Papertrade's daily revenue on October 17 fell to $890,000, down 83% day-over-day, ranking 7th among all protocols. Trading volume declined to $54.23 billion from $96.52 billion the previous day, a 43% drop. Transaction count decreased 40% to 135,227

Gate News bot message: Gate market data shows BTC has broken above 82,000 USDT and is currently trading at 82,012 USDT.

Bored Ape Yacht Club has announced the launch of Mudwater, a Solana-based collectible trading card series. BAYC and MAYC holders received airdrops of 6,551 Totems to claim card packs. Each BAYC can claim 10 packs; each MAYC can claim 2 packs. Each pack contains 10 cards, with 24 packs per box, for a

According to Odaily, KR1 plc, a blockchain infrastructure company listed on the London Stock Exchange, recently launched its own Ethereum validators operated by P2P.org within Lido V3's stVaults. The company plans to stake up to 6,000 ETH, with the first batch of 10 validators going live, though the

According to Bitcoin Magazine, Jurrien Timmer, global macro director at Fidelity, recently stated that Bitcoin may be entering a new bull cycle. Based on the power law pattern, Timmer suggested that a new four-year bull cycle may have begun. He noted that clear market narratives are typically

France's National Assembly on October 16 approved an amendment to tax cryptocurrency gains when converted into stablecoins, passing the measure by 38 votes to 37 with 25 abstentions during 2027 budget deliberations. Lawmakers behind the proposal, introduced by Nicolas Sansu, argued that stablecoins

According to BlockBeats, Paragon, the HIP-3 marketplace deployer, spent 570.98 HYPE (approximately $45,000) today to acquire the PAPER code and is set to launch Papertrade perpetual futures contracts. Papertrade is an on-chain synthetic perpetual trading platform deployed on

According to CoinGlass, on October 18 at 5:22–5:32 AM Beijing time, U.S. stock AI concept and semiconductor-related perpetual futures contracts liquidated over $51.60 million. Long positions accounted for $38.06 million (73.77%), while short positions accounted for $13.53 million. Among the

According to The Defiant, France's National Assembly passed an amendment on October 18 with a narrow 38-37 vote during its 2027 budget deliberations. Starting January 1, 2027, the measure removes tax deferral benefits previously granted for exchanges of certain crypto assets into fiat-pegged

Yuga Labs launched the Mudwater Trading Card Game on Solana, featuring 120 unique Bored Ape Yacht Club art pieces. The announcement, surfaced by the CryptoTwitter account @solana, introduces both physical and digital trading card assets to the blockchain. The collection includes varied formats

According to on-chain analyst Ai Yi's monitoring, a top-3 Ethereum position on Hyperliquid has accumulated $9.33 million in unrealized losses. The address opened a 13x ETH long position on September 21 and currently holds 40,268.75 ETH worth approximately $97 million, with an entry price

According to Hyperbot data, trader Maji returned to the market four hours after a complete liquidation, reopening a 25x leveraged Ethereum long position with 1,325 ETH. The position is valued at approximately $3.2 million with an unrealized gain of about $30,000. Current liquidation price stands at

GTC surged 10.56% in the past hour, reaching a current price of $0.25459. The cryptocurrency recorded a 28.74% price increase over the last 24 hours. Trading volume reached approximately $11.4 million, reflecting heightened activity among investors. GTC Records Sharp Price Movement in Recent Tradi