Gate Cryptocurrency News and Market Analysis

Evernorth Holdings (XRPN) debuted on Nasdaq Monday with its XRP holdings valued at $677 million at closing, significantly lower than the $1.12 billion valuation when the acquisition transaction was signed. The company holds approximately 473 million XRP and reported $300 million in gross cash

Aave V4 crossed $300 million in deposits, marking a significant milestone for the decentralized finance protocol. The achievement reflects growing user confidence in DeFi platforms as engagement increases across the sector. Aave announced the development, describing it as a crucial moment in the

Backpack has appointed Daisuke Nakagawa as Head of Strategy and Corporate Development at Backpack Japan to leverage his extensive experience navigating Japan's complex crypto regulatory environment. Nakagawa previously served as COO at both Kraken Japan and Binance Japan, leading licensing efforts i

The Bank of Russia added Sberbank to its registry of institutions allowed to conduct virtual asset exchange operations, according to the central bank on October 12. The registration authorizes Sberbank to provide virtual asset, or cryptocurrency, exchange services. This places Sberbank among institu

Meta's Superintelligence Lab released two new models on Monday, Muse Wonder and Muse Wonder Full, representing the company's first attempt at a frontier model. The Wonder models are larger than the lightweight Muse Spark and aim for higher capability, with benchmark scores comparable to Fable 5.1 an

Prividium has partnered with NexBridge to provide tokenization services for Japanese institutions. The collaboration enables local entities to govern infrastructure for digital asset issuance and settlement. zkSync highlighted the partnership's significance for Japan's financial landscape, stating i

Crypto influencer Ran Neuner highlighted that not all altcoins are experiencing equal performance in current market conditions. Neuner's observation, shared through a tweet, indicates that specific altcoins are poised for significant moves based on strong underlying narratives and momentum. The

NEAR Protocol is developing cross-chain infrastructure specifically aimed at agentic commerce, according to a tweet from Grayscale. The initiative focuses on integrating artificial intelligence within cryptocurrency ecosystems to transform how blockchain applications operate and interact. NEAR's

Ashish Homkar, director of crypto and computing at Clichmont, told Cointelegraph on Oct. 12 that autonomous AI agents will need payment infrastructure to carry out economic transactions without human intervention. Homkar said such agents could use crypto-based payment systems to make payments,

Ethereum's on-chain metrics continue to show steady daily active users and consistent contract growth, according to a recent tweet by @EgyHashX. The network's underlying ecosystem remains robust despite erratic price movements characterized by market volatility. These metrics suggest ongoing user en

Starknet co-founder Eli Ben-Sasson rejected claims that the network's technical design represents a misalignment with Ethereum, according to a Cointelegraph report published on Oct. 12. Ben-Sasson stated that any potential move to transform Starknet into a Layer 1 blockchain would require a

Jeonbuk Bank, a subsidiary of JB Financial Group, launched South Korea's first bank-issued won loans backed by Bitcoin collateral, according to an October 12 report by local financial outlet Edaily. The service is restricted to corporate borrowers seeking operating funds, with Bitcoin as the only ac

Virtuals Protocol launched an automated scalping feature called Butler on its Virtuals App, according to an announcement from the company's official account. The tool enables traders to build trading strategies by describing their desired approaches without requiring coding skills. The development r

The XRP Ledger Foundation paid whitehat hackers $250,000 for reporting an infinite supply XRP bug, sparking criticism from crypto investigator ZachXBT who called the reward inadequate. The vulnerability, submitted to XRPL's bug bounty program on September 22, allowed creation of new XRP tokens

Stormrake's chief operating officer said on October 12 that Bitcoin will continue to lead the cryptocurrency market for years, according to Bitcoin Magazine. The executive projected Bitcoin's price will rise above $200,000 and $250,000, citing macroeconomic conditions as the driver. He added that th

Bitcoin and cryptocurrency markets reshaped cross-border payments, institutional investment, and banking infrastructure during 2024 through 2026, according to data from the World Bank, financial institutions, and regulatory bodies. Spot Bitcoin ETFs attracted approximately $58 billion in

Meta launched its Muse Wonder AI model, requiring users to pay a monthly subscription of $20 or $100 to access the technology through the Muse personal agent app. Meta AI chief Alexandr Wang said in an interview on Monday that the company developed the model, codenamed Watermelon, to improve

Arbitrum announced the winners of its Open House Buildathon, an event that attracted over 1,200 builders from around the world. The initiative offered $85K in total prizes and was conducted in collaboration with Robinhood Chain to encourage innovative onchain development. Arbitrum is a Layer 2

Bitcoin mining companies expanding into artificial intelligence and high-performance computing face sharply different borrowing costs as lenders scrutinize large-scale data center projects. According to the latest Miner Weekly newsletter from BlocksBridge Consulting, big lenders have become more

BNY expanded its Digital Asset Custody platform to selected institutional clients in the European Union following the addition of The Bank of New York Mellon SA/NV to the European Securities and Markets Authority's MiCA register in July 2026. The MiCA registration enables the bank to provide