Gate Cryptocurrency News and Market Analysis

On-chain analytics platform Lookonchain’s monitoring data shows that Taiwanese entertainer Machi Big Brother (Huang Licheng) sold two Mutant Ape Yacht Club (MAYC) NFTs on Oct. 23 that he had purchased three years ago, receiving 1 ETH for each, for a total loss of 11.63 ETH. The sale was intended to raise funds for more trading on the decentralized exchange Hyperliquid. Lookonchain: Purchase Cost of 13.63 ETH, Total Loss of 11.63 ETH According to Lookonchain’s on-chain tracking records, Machi Big

HSBC launched its Hong Kong dollar-backed stablecoin RedCoin for over 3.3 million PayMe users as of October 23, enabling peer-to-peer transfers and merchant payments without additional account requirements. The full rollout is expected before the weekend. This initiative marks a notable

A Circle shareholder has filed a lawsuit against Donald Trump, alleging unconstitutional foreign benefits connected to his cryptocurrency ventures. The legal action centers on a $2 billion investment from the United Arab Emirates in Binance, which was settled using the USD1 stablecoin. The sharehold

The Ethereum Foundation has postponed the Glamsterdam upgrade on the Hoodi testnet, originally scheduled for October 26. The decision stems from compatibility concerns related to EIP-8037's new gas accounting changes and their potential impact on existing mainnet smart contracts. The upgrade was

NIO Firefly officially announced on Oct. 23 that it is launching a 60kWh battery version. The battery volume and curb weight remain unchanged, while CLTC range increases to 560 kilometers. Pricing: the BaaS battery rental plan starts at 79.8k Yuan, with a monthly fee of 599 Yuan; purchasing the complete vehicle starts at 136.8k Yuan. Existing owners can upgrade to the 60kWh version. NIO Firefly 60kWh Battery Specs: Battery Volume and Curb Weight Unchanged According to NIO Firefly's official anno

The XRP Ledger’s fixCleanup340 amendment was originally scheduled to activate on October 23, but the previous day, validator support briefly fell to 26 votes, below the 29-vote activation threshold, triggering a full reset of the entire 14-day approval timer. By 14:46 UTC, support had recovered to 29 votes, starting a new 14-day countdown; as of the latest update, support has risen to 31 votes. How fixCleanup340 activates: 35 validators, an 80% threshold, and 14 consecutive days The XRP Ledger r

The Swiss Financial Market Supervisory Authority (FINMA) approved the first spot Bitcoin ETF under Swiss law on October 20. BIT Asset Management AG announced on October 23 that its Bitcoin Fund ETF (BBIT) is expected to begin trading on the SIX Swiss Exchange in November. It is currently the only spot Bitcoin ETF in Europe, and its public offering is limited to Switzerland. Background to FINMA Approval: Policy Developments Since 2021 and Rationale for Exempting a Single-Asset Bitcoin Fund Since

Prediction market operator Underdog has partnered with crypto infrastructure provider Zerohash and plans to launch cryptocurrency and stablecoin deposit features later this year. Users will be able to deposit supported digital assets directly through the app. According to DeFiRate’s 30-day data as of October 21, Underdog’s trading volume was $1.4 billion, up 133% from the previous period. Underdog Announces Partnership with Zerohash to Launch Crypto and Stablecoin Deposits Later This Year Underd

In US Stock Market News, the S&P 500 (SNPINDEX: ^GSPC) has gained 12% so far in 2026, extending a bull market fueled mostly by enthusiasm around artificial intelligence (AI), but recent sharp declines in both the S&P 500 and Nasdaq Composite (NASDAQINDEX: ^IXIC) have prompted investors to reassess m

NVIDIA unveiled DSX POD at its GTC Berlin event on October 21: a modular AI factory reference design for Vera Rubin systems. Partners integrate and validate containerized compute, power, cooling, and networking systems in a factory environment, then ship factory-integrated, prefabricated units to prepared sites, reducing the time needed for on-site, component-by-component assembly. Overview of the DSX POD announcement at GTC Berlin: Factory prefabrication process and participating partners DSX P

Circle launched Circle Match on October 22, 2026, allowing eligible Circle Mint customers to match USDC minting and redemption demand in hourly auctions. Matched orders on the minting side receive rebates, while the redemption side pays settlement fees under the program’s rules. Circle’s legal terms draw a key distinction: Match determines fees and rebates for matched orders. Eligible Circle Mint customers can match opposing demand in hourly auctions Circle Match works as follows: under the trad

On Oct. 23 (Beijing time), Western Digital (NASDAQ: WDC) reported its results for the first quarter of fiscal 2027. Revenue was $4.381 billion, up 55% year over year and above analysts’ prior expectation of $4.14 billion. Non-GAAP earnings per share were $4.64, up 161% year over year and significantly above the consensus estimate of $4.11. Second-quarter guidance widened the gap further: the midpoint of the revenue guidance range was $5.1 billion, about 12% above the market expectation of $4.57

According to BeInCrypto, the Pokémon card price index compiled by market analytics platform Card Ladder grew approximately 40-fold from early 2019 through October 2026; over the same period, NVIDIA stock grew approximately 41-fold. Both use the same time period and compare performance based on starting prices. This comparison measures changes in asset prices, excludes trading costs, and does not directly represent investors’ net returns. Card Ladder Data: Comparing 40x Growth in the Pokémon Card

U.S. Secretary of Defense Pete Hegseth issued a memorandum on Oct. 20, imposing a department-wide ban on Defense Department employees using nonpublic information to bet on military operations in prediction markets such as Kalshi and Polymarket. The memo was sent to senior officials at the Pentagon and across defense agencies and stated unequivocally: “Our adversaries are watching these markets move, and the safety of our service members often depends on the enemy not knowing what is going to hap

According to on-chain analytics firm Lookonchain, the attacker address linked to this year’s April Drift Protocol hack became active again on October 20 after about two months of dormancy, depositing 25,700 ETH (about $61.56 million) into the cryptocurrency mixer Tornado Cash in batches over two hours. Attacker-linked addresses still hold 81,864 ETH. Lookonchain: Drift Attacker Address Transfers 25,700 ETH to Tornado Cash in Two Hours According to Lookonchain’s on-chain monitoring on October 20,

E-commerce platforms such as Tmall and JD.com introduced a dedicated category for AI model tokens for the first time during the 2026 Double 11 shopping festival, attracting leading model providers such as Zhipu, MiniMax, Alibaba Cloud, and DeepSeek to open flagship stores. However, once Double 11 sales began, reporters found that most token products were not included in promotions. Tmall President Jialuo said bluntly, “The platform will not be investing in specific discounts for now.” Tmall and

Bitcoin (BTC) has given back this week’s gains, trading at around $81,450 as of Oct. 23. A Circle shareholder has sued Trump and his family’s World Liberty Financial, alleging a $2 billion deal involving a foreign government entity and Binance. The Commodity Markets Council (CMC) urged the CFTC to hold off on approving Kalshi’s proposed perpetual oil futures contracts. Macro Events & Crypto Hot Topics CoinTelegraph reported that a shareholder of Circle Internet Financial, the company behind the

SK Hynix faces criticism for missing an opportunity to liquidate its investment in Japanese NAND flash company Kioxia, as the market value of its indirect 14.17% stake through SPC2 convertible bonds plummeted by approximately 41.5 trillion won over four months from June 30. While US private equity f