Gate Cryptocurrency News and Market Analysis

Abraxas Capital holds a $1.45 billion short position on decentralized exchange Hyperliquid as of Oct. 15, according to on-chain data reported by Lookonchain. The global asset manager's two linked Hyperliquid accounts have generated cumulative profits of approximately $331 million. Lookonchain

On the evening of October 14 Beijing time, the U.S. Bureau of Labor Statistics released September’s Consumer Price Index (CPI) data, with results exceeding market expectations across the board. Headline CPI rose 3.7% year over year, above the market expectation of 3.6% and significantly higher than August’s 3.4%, marking the highest level since May this year. Core CPI, excluding food and energy prices, rose 2.6% year over year, also above the expected 2.5%; core CPI increased 0.3% month over mon

NYSE-listed Bakkt has selected card issuer processing platform Thredd to support its planned credit card-as-a-service program, aiming to extend stablecoin settlement infrastructure into consumer credit and everyday payments. Under the agreement, Thredd will provide card processing and integrated cre

zkSync reached a milestone with acknowledgment from Ethereum co-founder Vitalik Buterin, who stated that zkEVMs should now shift focus to enhancing security protocols. Buterin emphasized the need for formal verification of Ethereum specifications. zkSync is a Layer 2 scaling solution designed to

Patrick Witt, former executive director of the White House Digital Assets Advisory Council, announced his departure on X on October 15. Witt stated serving in the administration had been "the greatest honor" of his life and said he had been "the luckiest man in the world" over the past two years

ByteDance is close to a deal to buy custom AI chips from Taiwan's MediaTek for its data centers, Bloomberg reported Thursday. MediaTek would supply ByteDance with application-specific integrated circuits (ASICs) designed for particular computing tasks. The deal follows ByteDance's earlier

US stocks fell sharply after September inflation data showed a 3.7% annual increase, exceeding expectations and the Federal Reserve's 2% target in US Stock Market News today. This raised concerns about further interest rate hikes, leading to significant losses in AI-focused companies and Bitcoin

South Korea's Financial Services Commission (FSC) is planning tighter cybersecurity requirements for financial institutions following an investigation into earlier security incidents involving 16 companies, including crypto exchanges. The regulatory review found cybersecurity deficiencies at 130

Rain, a US-based stablecoin payments platform, launched Rain Wallets, an embedded wallet service that enables business partners to offer stablecoin accounts directly within their applications. The launch expands the company's payments infrastructure beyond card spending, allowing users to receive, h

Taiwan Semiconductor Manufacturing Co. (TSMC) on Thursday reported a record third-quarter profit that beat analyst estimates, driven by sustained global demand for AI chips. The world's largest contract chipmaker posted net income of NT$763.1 billion ($23.74 billion) versus NT$746.34 billion

Melon Token (MLN) surged 13.38% in 15 minutes to reach $1.61, marking a notable shift in market sentiment as traders responded to various factors influencing cryptocurrency values. The token moved from a daily low of $1.37 earlier in the day, showcasing significant volatility. The broader cryptocurr

GLMR surged 10.4% in 60 minutes, reaching $0.01099 from $0.009955. The price movement reflects heightened market interest, with 24-hour trading volume at $5,154,573.66 and a 24-hour increase of 16.41%. The surge is attributed to general market trends and macroeconomic factors, including interest

Cryptocurrency market data provider Laevitas corrected trade direction errors affecting over 108 million Coinbase spot trades, calculation errors in approximately 1.96 million Binance options trades, and removed over 301,000 duplicate option trade records across multiple exchanges on May 3 and 7.

President Lee Jae-myung projected that South Korea is likely to surpass $40,000 in per capita income this year, potentially becoming the sixth country with a population over 50 million to reach this milestone. Speaking at a senior advisors meeting at the Blue House on the afternoon of the 15th, Lee

S&P Dow Jones Indices (S&P DJI) supported the completion of an over-the-counter derivatives transaction referencing a fully tokenized index, executed by trading firms DRW and Marex on the Derivnex platform using the Canton Network. Kaiko tokenized the benchmark and provided official index

Australia's securities regulator ASIC opened consultation Thursday on proposed capital, custody and trading requirements for crypto platforms as it prepares to implement legislation passed in April that expands oversight of the industry. The proposals include three alternative capital models,

Puffer (PUFFER) surged on October 15 after Upbit announced its listing on the exchange's won market. On Upbit's existing BTC market, the token rose more than 240% intraday from the previous day's close, driven by the new market addition. Puffer is a restaking protocol that uses deposited Ether to he

Chris White, CEO of BondCliQ and ViableMkts, stated in a CNBC interview that bond investors are starting to doubt the long-term prospects of AI hyperscalers. White explained that bond markets react over weeks and months, unlike the day-to-day reactions of stock markets, and pointed to companies