Gate Cryptocurrency News and Market Analysis

HSBC CEO Georges Elhedery cautioned on Tuesday that investors must be selective when investing in data centers despite artificial intelligence being a transformational technology. Speaking to CNBC, Elhedery stated investors must examine the quality of tenancy agreements and contract pricing,

Mt. Gox rehabilitation trustee Nobuaki Kobayashi announced on Friday that the Tokyo District Court approved extending the creditor repayment deadline to Oct. 31, 2027, moving it from the previous Oct. 31, 2026 date. The extension was granted because many creditors have not yet completed required pro

The adoption of the law regulating the cryptocurrency market, which took effect in Russia on September 1, triggered a wave of bank account freezes for citizens conducting cash-based crypto transactions. According to RBC, credit institutions began blocking transactions by citizens who purchased USDT on crypto exchanges in Belarus, Kyrgyzstan, or other CIS countries. At the same time, a cash deposit into a Russian account matching the amount transferred to a crypto exchange has become a “red flag”

Crypto exchange Bitget announced plans to acquire Thailand's GMO-Z.com Cryptonomics through BTGT Management (Thailand), a company in which Bitget holds an interest, according to an announcement shared with Cointelegraph. GMO Internet disclosed the proposed sale to BTGT Management in a Sept. 24

Walmart announced Tuesday a new joint membership combining its Walmart+ service and Sam's Club Plus subsidiary program. The combined membership costs $120 per year, nearly $100 less than purchasing separate annual memberships to each retailer, though no monthly payment option is available. The

Sangsangin Securities analyst Choi Ye-chan forecasted on October 20 that upward pressure on the dollar-won exchange rate will prevail next year as dollars earned from semiconductor exports are reinvested in US assets. The analysis attributes this to individual overseas stock investments and

The XRP Ledger's fixCleanup3_4_0 amendment received support from 29 of 35 trusted validators and is projected to activate at 09:34 UTC on October 23. The upgrade packages code fixes across DeFi infrastructure, including precision adjustments for vault operations and refinements to freeze,

Zema Global has expanded its partnership with Marex, making a broader range of Marex pricing, curve, index, and historical datasets available through Zema's Decisioning Infrastructure. The expanded offering covers crude oil, refined products, freight, petrochemicals, natural gas liquids, biofuels, p

Netflix stocks declined approximately 23% in 2026 as the streaming giant announced around 1,000 layoffs and major leadership changes ahead of its third-quarter earnings report scheduled for Tuesday after the closing bell. The stock closed at $69.85 on Monday, down 0.96% during the session.

Beeks Financial Cloud Group and OmniPhi announced a partnership combining agentic AI software with infrastructure that financial institutions can own and control. The arrangement targets firms that cannot

Decentralized exchange aggregator 1inch will shut down its prepaid payment card service, the 1inch Card, on Dec. 18. Crypto-focused media outlet BlockBeats reported on Oct. 20 that 1inch announced the service termination in its official help center, with new user registration already suspended.

BlackRock's BUIDL tokenized money-market fund has grown to approximately $2.3 billion since its 2024 launch, with the asset manager now exploring whether tokenized fund shares can serve as collateral in traditional finance beyond crypto markets. The fund's shares are already being used as collateral

Strategy purchased 267 BTC for more than $22 million last week, marking its sixth Bitcoin acquisition since August, while MSCI initiated a review of whether asset-holding companies should remain in its indexes. The company also spent approximately $193 million repurchasing STRC preferred shares

Brent crude oil broke above $110 a barrel on Tuesday and held there, with the December contract at $111.08, up $1.53 or 1.40% on the session. The move follows a full week of gains rather than one session's spike, with Brent crude oil up 6.51% over five sessions, 10.61% on the month and 24.15%

Metaplex (MPLX) rose approximately 10% in short-term trading on October 20 after Upbit announced it would list the token on its won-denominated market, reaching $0.0575 according to crypto media outlet Odaily. The South Korean exchange said trading support is scheduled to begin at 6:30 p.m. on Octob

Japanese stocks fell on the 20th as investors sold AI and semiconductor-related shares. The Nikkei 225 index closed 841.28 points (1.30%) lower at 64,075.42, according to Yonhap Infomax World Stock Index. The decline was driven by heavy selling in AI and semiconductor stocks amid concerns over US AI

21Shares listed two exchange-traded products tracking Litentry's LIT token and Venice Token's VVV on European exchanges on October 20. The Block reported that the crypto ETP issuer launched physically backed spot ETPs with LIT and VVV as underlying assets. Both products are structured to directly

The UK Office for National Statistics (ONS) reported on October 20 that the unemployment rate for June-August fell to 4.7%. This figure came in below the market expectation of 4.9% and represents the lowest level since mid-2025. The decline reflects ongoing labor market tightness despite broader

France's National Assembly is scheduled to vote on October 20 on the revenue section of the country's 2027 budget, which includes a proposed tax on cryptocurrency-to-stablecoin conversions. The measure advanced on October 16, when lawmakers approved amendment I-3898 by 38 votes to 37, with 25

Bitcoin is showing signs of bottoming out according to analysis from CryptoQuant. The cryptocurrency market is experiencing a shift in dynamics, moving from a scenario characterized by fewer sellers toward possible stabilization. This potential bottom formation comes amid weak spot demand, raising c