Why Can the Trading Price and Redemption Value Differ When a Stablecoin Depegs?
Many people believe that because a stablecoin targets a price of $1, it can always be bought or sold for $1.
But in reality, it is not that simple.
When market liquidity is ample and confidence is steady, a stablecoin’s trading price usually fluctuates around its peg. If panic sets in, redemption demand surges, or the mechanisms involved come under pressure, the trading price may deviate from $1.
Understanding this phenomenon requires distinguishing among three concepts: market price, liquidity, and redemption mech

Dabao livestream room second-round winner screenshot

#BTC争夺8万美元关口 #每周来晒

I. Current Market (October 26, 2026)
- Current price is around $79,800, with an intraday low of $79,146; the $80,000 level has been breached
- Nearly 196,000 traders were liquidated across the market in the past 24 hours, totaling $728 million, with longs accounting for 84%; Bitcoin long liquidations totaled around $234 million—the decline was mainly driven by leveraged longs being forcibly liquidated, rather than active selling
- Bitcoin’s total market capitalization is around $1.61 trillion

II. Why Bitcoin Fell Below $80,000: Four Forces Converge

1. ETF flows abrup

Trade Stocks, Win Stock Tokens https://www.gate.com/campaigns/6714?ref_type=132

Unitree Technology surged 12% this afternoon! JPMorgan upgraded it to Overweight
The same investment bank changed its rating on Unitree from “Underweight” to “Overweight” in just four weeks.
Its price target jumped straight from 300 yuan to 995 yuan.
Unitree makes robots. It went public in August, surged to 1,100 yuan on its first day of trading, then fell to 450.4 yuan by the end of September. At the time, JPMorgan rated it “Underweight.”
But this weekend, the bank changed its tune: after the founder said breakthroughs in physical AI could be just 1–2 years away, it upgraded the stock by two

$ETH
Milei’s LIBRA case dismissed
The president is off the hook
Who can retail investors who lost money turn to for justice?
Holy shit
Guys
This crypto plot
Gets more thrilling with every episode
Argentine President Milei once endorsed the meme coin $LIBRA on social media
The token briefly reached a market cap of around $4.5 billion
But then it quickly crashed
Losing more than 90%
Many people had originally jumped in, drawn by the hype
But in the end, they got fucking wrecked
Now there’s a complete plot twist
An Argentine federal judge accepted prosecutors’ request
To dismiss the criminal ca

BTC falls below 80000; don't chase shorts after consecutive declines
The one-hour and four-hour structures for BTC and ETH are both clearly weak, but the short-term market is already nearing oversold territory.
Opening a heavy short at the current price makes stop placement difficult and the risk/reward ratio unfavorable, so we’ll continue to wait for a rebound today.
【BTC Strategy】
Direction: Short on a rebound
Entry: Resistance at 80050—80200, with a spike followed by a pullback
Target 1: 79400
Target 2: 78800
🔴 Stop-loss: Above 80520
【ETH Strategy】
Direction: Short on a rebound
Entry: Resi

🚨 FRANKLIN TEMPLETON LAUNCHING BITCOIN DIVIDEND ETFs!
Franklin Templeton will launch ETFs that reinvest US stock dividends into Bitcoin.
According to Nate Geraci, these ETFs will target a 5% $BTC allocation.
2 ‘Bitcoin DRIP Index ETFs’ have been registered on Nasdaq in SEC Form 8-A.

Those who can hold onto the Nasdaq are slowly learning to master human nature
Those still holding the Nasdaq steadily have long since developed a great deal of patience.
I've seen too many people invest in the Nasdaq: they're overjoyed when it surges, but the moment it pulls back 10%, they panic and ask everyone, “Is the Nasdaq about to plunge?”
The Nasdaq's long-term returns certainly look attractive, but many people see only the impressive gains and overlook the turbulence along the way.
A look at the historical record shows that the Nasdaq 100 has not followed a steady upward line.
During t

What Are the Differences Between DEXs and CEXs? Different Trading Methods, Different Asset Risks
In the cryptocurrency market, DEXs and CEXs are two common ways to trade.
CEXs (centralized exchanges) are typically operated by platforms, and users trade through platform accounts; DEXs (decentralized exchanges) typically facilitate trades through smart contracts and blockchain infrastructure.
Both can help users trade digital assets, but they differ significantly in asset management, trading processes, ease of use, and risk profiles.
What you really need to understand is not which one is absolut

Yesterday, Joey @JoeyJia11 gathered a big group to go check out the handsome guys at Shenzhen Happy Valley, and I also got to meet quite a few online acquaintances from the scene—so happy (⁎⁍̴̛ᴗ⁍̴̛⁎)
I realized it had been several years since I last went to a Halloween event like this. This time felt different, though. The first two times I went were both to Chimelong, where it was super crowded and the good-looking guys and girls were pretty average, so after going once I didn't really want to go back
But I have to say, the NPCs at Shenzhen Happy Valley really delivered. The trip of several h

It's actually wild how similar this move is playing out to 2023.
It is as identical as it could really get.
- Bottom push higher
- Two local highs
- Loss of 1D 50EMA + SMA at 117 days from the bottom
Will this continue to repeat?
In 2023, we got an aggressive move lower, followed by an even more aggressive move higher.
Back then, the bears got incredibly excited on that drop.
And you can already tell from the sentiment here that the exact same thing would happen if we did indeed drop like that.
Will the market makers run the same playbook?
The fact that its following the 117 day timeframe is m

What Is a Private Key? Why Is It at the Core of Your Digital Asset Security?
In Web3, you may often hear the saying: “Not your keys, not your coins.”
But what exactly is a private key? Why is it so important? If you don't have the private key, does that mean the assets don't belong to you?
To truly understand the security mechanisms of digital assets, you must first understand the role private keys play in the blockchain ecosystem.
1. What exactly is a private key?
Simply put, a private key is secret information used to generate digital signatures. In many blockchain systems, wallets use priva

The last time it reached a high of 0.89...
$CORE It has happened 10 times
It gets close to the 60-day moving average but fails to break through
This has also driven many major investors away
Many others are still sitting on the sidelines
$BICO Two consecutive upward waves
Other $BEAT altcoins are also active. That’s it.
#GateWCTCS9全球交易赛

$ETH ETH is currently at 2323. On October 26, it continues to track BTC weakly, with limited upside. Near-term resistance is 2345; several rebounds have failed to hold above it. Continued outflows from spot ETFs are weighing on buying pressure. Four-hour indicators are bearish, and trading volume is insufficient. Intraday support is 2300, with strong support at 2275; the key resistance above is 2380. There is no independent price action. A slight recovery is possible only if BTC holds 80000. A break below 2275 would open up further downside. For now, it is best to wait and see; don't rush to b

Cai Kangyong tells us what to fear most in life:
Wanting this and that,
and ending up with nothing.
Learn from Jay Chou.

A carb-heavy feast at noon 🤣
Sandwiches, instant noodles with egg,
and of course, Cat Bro’s favorite 😍—egg tarts
Once we’ve eaten our fill, back to work ✌️
What did everyone have for lunch?

$WLD is at 0.4412 USDT, down 5.02% over 24 hours. The low of 0.4299 is right at the 1-hour support level, while trading participation is only 0.07x, making the price decline and trading volume completely out of proportion.
Demand for a rebound after oversold conditions does tend to emerge. The 24-hour high of 0.4668 is just overhead, so many people may feel the price has fallen enough to bounce.
But both the 1-hour and 4-hour charts look weak, and the structure has yet to stop weakening. I wouldn’t treat oversold conditions as a sign of a bottom; for now, I’m viewing the market as weak.
If the