Gate Cryptocurrency News and Market Analysis

Arena, the AI model ranking platform that originated as a UC Berkeley research project in 2023, raised a $200 million Series B funding round at a $3.1 billion valuation, the company announced Thursday. The round was led by Lightspeed Venture Partners and Khosla Ventures, with participation from

Solana-based decentralized exchange Orca and lending protocol Loopscale merged into a single entity called Formation, the two teams announced Wednesday. The New York-headquartered company will be led by Loopscale co-founder Luke Truitt as CEO, with Mary Gooneratne as chief operating officer and Orca

Pyth Network reported annual recurring revenue of $11.5 million in its most successful quarter to date. The figure represents an 86% increase from the previous quarter, driven by expansion to 276 clients. The network announced the metrics via its official Twitter account, highlighting growth in the

Moscow Exchange plans to open cryptocurrency trading on December 1, moving from derivatives tied to digital-asset prices to transactions involving cryptocurrencies under Russia's new regulated market framework. The exchange began testing the service with professional market participants about a

OpenAI released hundreds of claimed solutions to challenging math problems this week, consulting an advisory group of elite mathematicians to avoid past controversies. However, the Advisory Group on Mathematics and Artificial Intelligence (AGMAI) indicated OpenAI fell short of field standards,

Gemini reported on October 8, 2026, that Netflix released a trailer for an FTX documentary, followed hours later by a downturn in the crypto market. The cryptocurrency exchange noted the unusual timing between the trailer's debut and the subsequent market decline. Gemini's commentary highlighted tha

Coinbase announced that US traders can now access 80% of crypto derivatives liquidity that was previously restricted. The cryptocurrency exchange stated the change is effective immediately, aiming to enhance trading opportunities and strengthen its competitive position in the US market. The announce

Alberto Musalem, president of the Federal Reserve Bank of St. Louis, said on October 8 that additional interest-rate increases may be needed to bring inflation back to the Federal Reserve's 2% target, according to a report by Walter Bloomberg. Musalem attributed persistent inflation to ongoing

SVRN AI CEO Sal Ternullo launched a proposal to reduce NEAR Protocol's token issuance from 2.5% to 1.6% over 24 months. The initiative, now live, aims to enhance NEAR Protocol's economic model. This proposal aligns with ongoing discussions within the crypto community about optimizing tokenomics to i

Ran Neuner, a prominent crypto commentator associated with Crypto Banter, announced via Twitter that he is taking profits on his altcoin portfolio. The announcement has prompted discussions among traders and enthusiasts in the cryptocurrency community. The tweet received 149 likes and 9 retweets, indicating engagement from followers amid fluctuating market sentiments. Neuner's Announcement Generates Community Engagement The Twitter announcement garnered significant attention within the crypto co

Kalshi, a prediction market platform, shows an 84% probability that the Federal Reserve will hold its benchmark interest rate unchanged at its Oct. 28 meeting, according to data as of October 8. The platform assigns a 16% chance to a 0.25 percentage-point rate increase. Market participants on Kalshi

MiniMed Group Inc. saw 99% of its publicly traded shares sold short yesterday, according to data provider Ortex, in an unusual market situation tied to parent company Medtronic's share swap offer. The short interest surged from 47.6% on September 15 and 77% a week earlier as arbitrage traders

Bitcoin investment company Strategy plans to report third-quarter earnings after the close of US trading on Oct. 29. Cointelegraph reported on Oct. 8 that Strategy disclosed its earnings schedule and confirmed the release would occur after the market closes on Oct. 29, US Eastern time. Strategy

Bitcoin exchange-traded funds recorded $484.9 million in net outflows on Wednesday, Oct. 7, marking their largest single-day loss since June 25, according to Decrypt's ETF tracker. BlackRock's IBIT accounted for $207.7 million of the outflows, while Fidelity's FBTC contributed $105.1 million. The ou

1kxnetwork partner Lasse Claus declared at Token2049 in Singapore that 2026 would be the year fundamentals outperform price speculation in cryptocurrency markets. This perspective follows Bitcoin's dominant performance in 2025, where over 85% of large-cap tokens lagged behind the leading cryptocurre

Propy launched its Crypto Certified Agent (CCA) credential to prepare real estate professionals for blockchain-based property transactions, with the company processing over $4 billion in real estate deals as of August 2024. The certification program costs $397 at the discounted price and covers bloc

Elon Musk's net worth stood at $1.028 trillion on 8 October 2026 according to Forbes's real-time tracking page, down $23.2 billion or 2.21% since 5 p.m. ET the prior trading day. The figure reflects holdings in SpaceX and Tesla marked at Wednesday 7 October 2026 closes: SpaceX at $167.60 and Tesla a

The Blockchain Association announced that Senator Cynthia Lummis will return to speak at the BAPolicySummit on December 9. Lummis has been a pivotal figure in advocating for clear regulations surrounding digital assets and the Clarity Act, emphasizing bipartisan support in Congress. This event