🔥 Gate Square Daily Standouts | October 8
One market, different perspectives 💡
Some see opportunities in pullbacks. Others watch capital flows or share their Gate Card and Position Trial Voucher experiences. Which of today’s eight picks will you explore first?
📊 @JS大鲨鱼 | BTC dips around conferences. What comes next?
https://www.gate.com/post/status/curated/24799906
💳 @唐华斑竹 | Gate Card: From subscriptions to everyday spending
https://www.gate.com/zh/post/status/curated/24804326
🔍 @Four_iv | ETH shorts are rising. Why stay bullish?
https://www.gate.com/zh/post/status/curated/24801500
📈 @分析师麒麟 | Micron sells off. Is a rebound possible?
https://www.gate.com/zh/post/status/24802579
💰 @大米饭指标 | Money is flowing in. Is it enough to lift BTC?
https://www.gate.com/zh/post/status/curated/24804233
🎬 @卡特说分析 | BTC’s weekly pullback: Where is ETH resistance?
https://www.gate.com/post/status/24817383
🎟️ @作手Trader | A 50 USDT Position Trial Voucher, a long on NEAR
https://www.gate.com/zh/post/status/curated/24799289
🌐 @山顶Ryak | Hawkish Fed minutes. Why is the market waiting for CPI?
https://www.gate.com/zh/post/status/curated/24815862
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#Gate与Visa合作推出加密资产关联卡 The crypto-linked card launched by Gate and Visa (Gate Card) provides crypto traders with a seamless bridge between “crypto assets” and “traditional fiat payments,” carrying profound real-world significance for crypto traders!
1. Seamlessly enables “everyday payments” and “fiat conversion” of crypto assets
· Eliminates cumbersome conversions: Traders no longer need to frequently exchange “crypto assets–fiat” on exchanges. When making purchases at Visa-supported merchants worldwide (online/offline), the system can instantly convert crypto assets (such as BTC, ETH, and USDT) into fiat for settlement, solving the pain point of crypto assets being “difficult to spend.”
· Reduces exchange losses and barriers: When making cross-border purchases, traders can avoid the complexity and high exchange losses of traditional currency conversion, enabling “one-click spending” and significantly improving the circulation and payment efficiency of crypto assets.
2. Connects to the global payment network and expands crypto asset use cases
· Expands spending coverage: The card connects to Visa’s global payment network and covers a large number of merchants worldwide, allowing crypto traders to make everyday purchases, shop online, and withdraw cash at ATMs globally just as they would with a traditional bank card, transforming crypto assets from “speculative assets” into “everyday payment tools.”
· Improves asset liquidity: By expanding real-world spending scenarios for crypto assets, it effectively activates traders’ assets and enhances the liquidity and practical value of crypto assets.
3. Reduces traders’ overall costs
· Lowers conversion and withdrawal costs: It eliminates the intermediary steps and fees involved in traditional fiat withdrawals. Some cards also offer cashback on spending (such as up to 8% cashback) or rewards points, directly generating additional returns for traders and reducing their overall usage costs.
· Reduces the cost of idle funds: Funds can be flexibly switched between crypto assets and fiat at any time, improving capital efficiency and avoiding idle assets.
4. Improves the convenience and security of fund usage
· Convenient fund management: The card is linked to the trader’s exchange account (such as a Gate account), making fund transfers and spending more convenient while supporting multi-currency top-ups and flexible switching between funding accounts.
· Compliance and security: The card relies on Visa’s compliant payment network and provides KYC (identity verification) and AML (anti-money laundering) compliance safeguards. Fund transfers are traceable, effectively reducing compliance and security risks when traders use crypto assets for payments.
5. Meets cross-border transaction and globalization needs
Supports cross-border payments: For traders engaged in cross-border transactions, making purchases overseas, or traveling abroad frequently, the card supports multi-currency settlement, eliminating the hassle of carrying large amounts of cash or arranging complex cross-border remittances and greatly improving the convenience of cross-border payments.
The partnership between Gate and Visa has significantly lowered the barrier for crypto traders to use crypto assets for everyday payments, improved capital efficiency, and promoted the transformation of crypto assets into mainstream payment tools.

#BTC Major cryptocurrencies collectively tumble, with Bitcoin testing 83k and the Fear & Greed Index at 64—will support break?
Selling pressure in the crypto market continued to intensify this week. Bitcoin fell 2.46% over 24 hours, hitting a low of 82787; Ethereum fell even more, dropping 4.39% to 2577 and breaking below the 2600 level. SOL fell 3.35% to 116.5; XRP fell 4.86% to 1.4243, with all four major cryptocurrencies weakening.
Total liquidations across the crypto derivatives market reached $712 million, with more than 123k people forcibly liquidated. The largest liquidation order appeared on the An'an ETHUSDC trading pair, amounting to as much as $26.64 million.
The sharp rise in 30-year U.S. Treasury yields dragged down U.S. stocks, and Bitcoin followed lower.
Macro news: U.S. Treasury yields hit their highest level since 2002, while the S&P 500 and Nasdaq indexes retreated from their highs. Minutes from the Federal Reserve's September meeting signaled that another rate hike may come at the end of the year, heightening risk aversion, pressuring risk assets, and affecting the crypto market.
Major cryptocurrencies broadly declined, with SOL and XRP both falling more than 3%. Capital continued to flee altcoins and move into stablecoins for safety.
BTC technicals: It closed below the Bollinger middle band, while the RSI remained neutral. The price is below the 20-day moving average but above the 50-day and 200-day moving averages. The bearish MACD signal strengthened.
Resistance: the 20-day moving average and the Bollinger upper band; support: the Bollinger lower band and the 50-day moving average, followed by the 30-day low.
The Fear & Greed Index has fallen to 64. Over the past eight days, the index has fluctuated between 64 and 74; it was still at 71 yesterday but pulled back today, showing that enthusiasm for chasing gains has waned, though the market has not yet reached panic levels. Macroeconomically, rising Treasury yields are weighing on risk assets, while the Federal Reserve's signal that another rate hike may come at the end of the year continues to affect market sentiment.