Gate Cryptocurrency News and Market Analysis

Midnight, a decentralized finance platform within the Morpho ecosystem, recently crossed $200 million in total deposits. Morpho amplified a post from @MerlinEgalite announcing the milestone. Morpho operates as a platform for USDC deposits in decentralized finance, with approximately $2.8 billion in

Ethereum has delayed the Glamsterdam fork on the Hoodi testnet following the identification of compatibility risks by ChainSecurity related to EIP-8037 and EIP-8038. The security firm discovered 13 instances where proposed gas change implementations could disrupt existing smart contracts,

Bitcoin is testing critical support levels around $64,000 to $65,000 as it experiences its deepest pullback since July. Analysts from Bitfinex have identified these price ranges as pivotal in determining short-term market direction. Sellers are aggressively defending this resistance range,

Bitcoin's hash rate is approaching historical highs, according to a post shared by @WClemente. This development contrasts with recent trends where many miners have pivoted to artificial intelligence technologies. The resurgence in hash rate signals activity within the mining ecosystem that could

Akash Network passed a proposal to migrate from the Cosmos blockchain to Solana, securing 98% approval from its community. The transition aims to enhance the network's scalability and performance as it launches its native token $AKT as an SPL token on Solana. The news was reported by CryptoTwitter c

TheTieIO will host The Bridge event tomorrow in New York City, attracting over 1,000 attendees including more than 500 institutions and 100 speakers. The event focuses on blockchain and on-chain solutions, reflecting growing institutional interest in the sector. ZKsync mentioned the gathering in a t

BitGo, a digital asset custody provider, will co-host a panel discussion on November 12 in Singapore focusing on custody, risk, and regulation of digital assets. The event, organized in collaboration with ASIFMA and Gibson Dunn, aims to address regulatory challenges and establish effective

TSMC, the world's largest foundry, is preparing to raise prices for its advanced Chip on Wafer on Substrate (CoWoS) packaging technology by 10 to 20 percent, according to sources familiar with the matter cited by Investing.com and Taiwan's Commercial Times on the 27th local time. The price

POSCO E&C is undergoing business suspension proceedings by South Korea's Ministry of Land, Infrastructure and Transport following the Shin-Ansan Line Gwangmyeong Tunnel collapse. The ministry has completed two of three hearings, with a public hearing scheduled before final deliberation, though the t

IBM, Oracle, Intel, and IonQ objected to OKX and Intercontinental Exchange's stock-tokenization plan on Oct. 27, according to Eleanor Terrett, host of Crypto in America. The objections were filed under the U.S. Securities and Exchange Commission's innovation-exemption framework. This brings the

Tuttle has filed for a series of leveraged exchange-traded funds including a 2x Zcash ETF, as highlighted by crypto commentator Eric Balchunas. The filing reflects growing institutional interest in cryptocurrency investment products. Recent Zcash developments include Robinhood's announcement of Zcas

Morpho and Bitso announced a collaboration to enhance yield opportunities on the Mexican peso. The partnership aims to scale financial solutions in emerging markets by leveraging Solana's blockchain technology. This initiative reflects the growing demand for decentralized finance services and yield-

The S&P 500 closed at 7,677, finishing 54 points above its critical 20-week average of 7,623. The index maintained this key support level as the Federal Reserve meeting approaches. According to commentary from @TheFlowHorse, this support level is essential for maintaining the current uptrend, with t

Citi released a report examining Aave's potential to function as a financing layer for onchain assets including Treasuries and private credit. The analysis positions Aave as a candidate infrastructure for integrating traditional financial instruments onto blockchain platforms. The report emerges ami

BloomTrading refunded 9,408 $SOL to nine users following a security incident at the cryptocurrency exchange. The exchange covered 100% of the affected funds after the breach compromised user assets. The refund action reflects growing industry focus on user protection as cryptocurrency exchanges

Korean government bond yields showed mixed movements on the morning of the 27th, with long-term rates declining more than short- and medium-term rates, resulting in a flattening yield curve. The 3-year benchmark yield fell 0.1 basis points to 3.786%, while the 10-year dropped 1.0bp to 4.057% and the

At 03:45 Beijing time on Oct. 28, Roma host Cagliari at the Stadio Olimpico in Round 9 of Serie A. Gate’s event market shows Roma vs. Cagliari at 74% vs. 9%, with an 18% chance of a draw. The standings make this imbalance unsurprising: Roma are third with 18 points from eight rounds, having recorded five wins, three draws, and no losses, with 19 goals scored and six conceded; Cagliari are ninth with 13 points, four wins, one draw, and three losses, with six goals scored and nine conceded. But hi

Google Cloud and Swiss digital asset firm Crypto Finance conducted a blockchain-based pilot for Swiss franc transfers between Swiss banks on the 27th local time. The proof-of-concept utilized Google Cloud Universal Ledger (GCUL) to demonstrate account transfers between customers of two Swiss banks.

US spot Ethereum exchange-traded funds recorded net outflows of $88.58 million on October 27, according to data from SoSoValue. The outflows were driven by BlackRock's iShares Ethereum Trust (ETHA), which lost $104.71 million in a single day. Fidelity's Ethereum Fund (FETH) countered the trend