Gate Cryptocurrency News and Market Analysis

Bitcoin traded at $82,900, declining almost 2% over 24 hours, as hawkish Federal Reserve minutes, rising oil prices, and higher Treasury yields pressured the cryptocurrency below $83,000. Minutes from the Fed's September meeting showed most policymakers saw another rate hike as possible before

Toss and Gwangju Bank completed a proof of concept for stablecoin-based QR code payments on October 8. The test was designed to verify a payment scenario in which Gwangju Bank customers use stablecoins at offline stores through the Toss app. The verification focused on confirming that payment and se

Financial Services Commission (FSC) Chairman Lee Eok-won faced parliamentary scrutiny on October 8 during a National Assembly Policy Committee audit over single-stock leveraged ETFs for Samsung Electronics and SK Hynix. The audit centered on allegations that former Blue House policy director Kim

RLC surged 13.15% in 30 minutes to $0.7555, climbing from $0.668 during the trading session. The rapid price movement reflects a shift in trader sentiment according to the source. The broader cryptocurrency market shows mixed signals as this price action occurs. RLC Records 13.15% Price Increase i

Bonanza Lab signed a data supply agreement with Jeonbuk Bank on October 8 to provide digital-asset market data to SSoC Bank. The digital-asset data company announced the arrangement marks the first time a regional bank in South Korea has adopted data from a digital-asset specialist to provide

GLMR surged 10.34% in the past hour to reach $0.012799, climbing from $0.0116 to a high of $0.013405. The sudden uptick occurred as trading volume reached $8,826,102.95, indicating heightened market activity. The price movement is attributed to significant whale accumulation and large wallet activit

IMF Senior Financial Sector Expert Gonsalo Fernandez Dionis presented findings from the October 2026 Global Financial Stability Report Chapter 3 on tokenized securities on October 8. The IMF confirmed investor demand for 24-hour trading and fractional ownership in tokenized securities markets, but i

Amazon.com, Inc. (AMZN) confirmed on Wednesday it is cutting fewer than 1,000 white-collar jobs, primarily in its Stores division that oversees the company's main e-commerce website, according to Reuters. The company described the reductions as a 'small number' of roles affecting employees in the

Kyrgyzstan has officially shut down USDKG, a state-backed gold stablecoin project valued at $50 million, and ordered the liquidation of its issuer EVA and the country's first state-owned crypto exchange Coin Nomad. The closure follows UK sanctions imposed on EVA in May 2026, which alleged the

Samsung Electronics reported Q3 revenue of 195 trillion won and operating profit of 107.4 trillion won, exceeding market expectations. The operating profit rose 20% quarter-over-quarter and surged 782% year-over-year. Securities analysts attributed the strong performance to continued memory

South Korean President Lee Jae-myung hosted a state luncheon for Egyptian President Abdel Fattah el-Sisi on October 8 at the Cheong Wa Dae guesthouse, emphasizing the Suez Canal's role in Korea's economic growth and pledging to become a partner in Egypt's development. The luncheon aimed to

DigitalX, the digital-asset investment platform operated by Mirae Asset, published a report on Oct. 8 titled 'Prediction Markets: Between Gambling and Finance,' finding that forecasting reliability varies significantly by event type and observation timing. The study analyzed approximately 2,870

VTB Broker executed its first digital currency trades for corporate clients, with settlement through a digital depository. VTB is included in the Bank of Russia’s register of digital depositories and conducted a pilot transaction within Russia’s infrastructure on October 6, confirming the seamless operation of the systems and processes used to trade, record, and store digital assets. The transaction was conducted ahead of the service’s launch for a broader range of clients. The stablecoin transa

Bank of Korea Deputy Governor Kwon Min-soo emphasized that financial asset tokenization can significantly enhance trading, clearing, and settlement efficiency, but policymakers must also prepare for new financial stability vulnerabilities it may introduce. Speaking at the International Monetary

Shinsegae Property is raising approximately 1 trillion won through a private bond issuance with Meritz Securities to fund its investment in the Warner Bros. Discovery acquisition. The real estate arm of South Korea's Shinsegae Group invested $1 billion (approximately 1.4 trillion won) in Warner Bros

Grayscale's Zcash exchange-traded fund surpassed $1 billion in assets under management within 30 trading days of its launch, according to The Block's Oct. 7 report. Krista Lynch, Grayscale's managing director for trading and capital markets, stated at the Token2049 conference in Singapore that the Z

The Federal Communications Commission will vote Oct.29 on a proposed 25 megahertz spectrum auction to support satellite-to-smartphone connectivity, while seeking public comment on an additional 482 MHz for supplemental coverage from space. The proposals could expand opportunities for Space

Former New York Governor Andrew Cuomo stated on Tuesday at Token2049 that the crypto industry's heavy backing of US Republicans has alienated Democrats whose support is needed to pass federal crypto legislation. Speaking in a panel with OKX CEO Star Xu, Cuomo said the industry believed in

The International Monetary Fund (IMF) published a chapter on tokenization in its Global Financial Stability Report (GFSR) on the 8th, emphasizing that while asset tokenization brings efficiency gains, it also poses financial stability risks requiring policy intervention. The IMF stated tokenization—

Japanese investors holding French government bonds may accelerate portfolio reallocation away from these assets, according to an October 8 report by MUFG. The bank cited increasing risks that some large Japanese asset managers could execute significant sales of French bonds. Two factors are