Gate Cryptocurrency News and Market Analysis

Kazakhstan's Astana Financial Services Authority announced on Oct. 21 that the Astana International Financial Centre Court issued an order barring six overseas cryptocurrency exchanges—Coinbase, HTX, BingX, Bitcoin.com, BitMart, and WEEX—from unlicensed operations within AIFC jurisdiction. The

Arbitrum is experiencing a surge in interest regarding tokenized asset issuance, according to Offchain's Chief Strategy Officer @ajwarner90. The growing demand highlights robust interest in new decentralized finance primitives on the platform, with developers seeking to build on this layer-2

Chinese Online disclosed in its investor relations activity record that 55% of China’s AI token consumption is used for short-drama and video generation, while 24% is used for e-commerce advertising. This disclosure led to the claim that “more than half of China’s AI computing power is being used to produce addictive dramas” spreading widely online. Liu Xing, head of public relations at Doubao, responded on Oct. 19, saying that the data was “not very reliable” and revealing that ByteDance uses o

Bitcoin (BTC) continued its rebound, trading at around $82,890 on October 21. Qubic restarted its blockchain and initiated a recovery process following a $1.4 million hack. ASST shares rose 6% after Strive raised $630 million through a preferred stock IPO to purchase more Bitcoin. Macro Events & Crypto Highlights According to the project's latest update, Layer-1 blockchain Qubic has restarted its network and launched a recovery process after a wallet seed vulnerability allowed attackers to steal

NEAR Protocol revealed a governance proposal on October 20 to reduce token issuance from 2.5% to 1.6% over the next 24 months. The proposal aims to enhance the value proposition for existing token holders through more sustainable tokenomics practices. The announcement accumulated 287 likes and 40 re

JPMorgan Asset Management included a Bitcoin forecast for the first time in its 2027 Long-Term Capital Market Assumptions report, projecting Bitcoin’s compound annual growth rate over the next 10 to 15 years at 10%, higher than that of U.S. large-cap stocks (7.5%), REITs (8.2%), U.S. bonds (approximately 5.6%), and gold (approximately 5.5%). Bitcoin’s annual volatility is estimated to be as high as 55%, with an arithmetic annualized return of 20.9%. JPMorgan’s 2027 Long-Term Report Includes Bitc

NEAR Protocol introduced new features for its Agent Market that allow users to build and own agents capable of generating recurring revenue. The blockchain platform announced the update to boost user engagement by enabling buyers to hire agents at user-defined prices, enhancing earning potential for

The tokenized stock trading platform OKXICE TSV, jointly owned 50% by OKX and 50% by Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, issued its latest public notice on October 19. The notice showed that 16 U.S.-listed companies had submitted written objections opposing the tokenized trading of their stocks on the platform, up from the nine companies disclosed in the October 15 announcement. The seven newly added companies include Microsoft and Alphabet. List o

Bond and stock markets have shown divergent behavior in recent months as concerns about massive AI capital expenditure override traditional interest rate dynamics. In September, US inflation indicators (CPI and PPI) significantly exceeded expert forecasts, yet global bond yields fell substantially d

Bitcoin (BTC) rebounded to $82,904 on Oct. 21. According to SoSoValue data, IBIT recorded $665 million in net inflows on Monday. BlackRock filed an application with the SEC for the iShares Bitcoin Managed Protection ETF, which Bloomberg analyst James Seyffart described as a buffered Bitcoin fund. Gemini Report: Bitcoin Closed Above $80k for 33 Consecutive Trading Days Bitcoin (BTC) was trading at approximately $82,904 on Oct. 21 (Tuesday), up more than 1%. According to a recently released report

BitMine, a corporate Ethereum treasury company, deposited 159,728 ETH into a staking contract on Oct. 20, according to on-chain analytics account EmberCN. The deposit, valued at approximately $390 million at the time, occurred about six hours before EmberCN's report. BitMine is expanding the use

Anthropic may spend up to $750 billion on computing infrastructure over the coming years as it prepares for an initial public offering, according to Bloomberg citing The Wall Street Journal on Oct. 20. The AI company has signed approximately $450 billion in computing infrastructure contracts

Elon Musk, chief executive officer of SpaceX, is facing calls in Washington for a congressional investigation after Bloomberg reported on Oct. 20, citing the Wall Street Journal, that he directly ordered limits on Starlink satellite internet speeds used by Ukrainian forces. US government officials a

Micron Technology's (NAS:MU) recent stock decline may signal an impending earnings downturn, according to analysis from investment media outlet Motley Fool. Micron's stock surged from around $84 at the end of 2024 to approximately $900 currently, marking a 239% gain last year followed by a more

Seoul bond market participants expect the Bank of Korea to freeze its base rate at 3.00% at the October monetary policy meeting. A survey of 15 financial institutions conducted by Yonhap Infomax last week showed all respondents predicted a rate hold this month. A Korea Financial Investment

Seoul bond market participants monitored foreign investor activity and US-Iran negotiation developments on October 21, as the Bank of Korea's monetary policy meeting approached. Foreign investors have maintained net buying in 3-year bond futures since the 2nd and 10-year bond futures since the 14th,

Morgan Stanley maintained its 'overweight' rating on Seagate stocks (NAS:STX) on 20일 (US local time) and raised its 12-month price target from $1,187 to $1,200. Analyst Eric Woodring stated in the report that while momentum materialization will take time, the firm remains confident in the

Whale Alert confirmed a transfer of 133,980,000 USDC, equivalent to approximately $133,950,390, from Aave to an unknown wallet. The transaction represents significant movement within decentralized finance protocols. The broader cryptocurrency market is currently displaying mixed signals, though no s

Individual investors in South Korea purchased over 1 trillion KRW in domestic leveraged ETFs and nearly 4 trillion KRW in US-listed leveraged ETFs during the month amid sharp declines in the KOSPI index. The buying concentrated on days when KOSPI fell 5% or more on the 13th and over 7% on the 15th,