Gate Cryptocurrency News and Market Analysis

Michael Burry published a Substack blog post on Wednesday warning that much of the billions being invested in AI infrastructure could become 'sunk cost.' The 'Big Short' investor argued that 'compression' will eventually make some massive AI investments uneconomical, stating 'Ultimately, compression

A Bitcoin whale wallet identified as bc1q4h transferred 4,500 BTC, valued at approximately $375.72 million, after over four years of inactivity. The movement was highlighted by commentator @lookonchain and has drawn attention from traders monitoring large-holder behavior. The broader crypto market c

South Korea's Financial Services Commission (FSC) Chairman Lee Bok-won stated on October 8 during a National Assembly Policy Committee audit that the Digital Asset Basic Law and KRW stablecoin institutionalization framework are in final negotiations, with content already prepared. The statement

Alibaba Cloud, the cloud computing division of Alibaba Group, announced on October 7 (local time) a partnership with blockchain network Sui to establish an on-chain payment environment enabling artificial intelligence (AI) agents to access cloud services. The collaboration integrates Sui Agent

Wells Fargo is in negotiations with Payward, the parent company of global crypto exchange Kraken, to receive digital asset trading liquidity, CoinDesk reported on October 7 (local time), citing two sources familiar with the matter. The talks aim to enable Wells Fargo to offer crypto trading

Memecore Foundation denied selling its native cryptocurrency M tokens on the market, according to Chief Marketing Officer Cherry Hsu in an interview on October 6 in Seoul's Gangnam district. The foundation faced multiple market manipulation allegations throughout the year, with controversies

Cointelegraph, a US-based crypto news outlet founded in 2013, is seeking a buyer according to a CoinDesk report published on October 7 (local time) citing anonymous sources. The sale process comes as prolonged downturn in digital asset prices has reduced user interest across crypto media

US spot-Bitcoin exchange-traded funds recorded $484.9 million in net outflows in a single day, marking the largest withdrawal since June 25. According to Trader T data on Oct. 7, the outflows occurred as Bitcoin fell to approximately $83,000, its lowest daily close in 17 days. BlackRock's IBIT led w

FOMO platform users received a phishing attack alert issued by security commentator @SlowMist_Team. The attackers use a bookmark-based method involving fake CAPTCHA prompts and malicious JavaScript code to compromise user accounts and steal crypto assets. This warning highlights the evolution of phi

US spot Ethereum exchange-traded funds recorded net outflows of $160.9 million in a single day, according to Trader T data published on Oct. 7. Cumulative net outflows over the past five trading sessions reached $506.3 million, marking the largest outflow period since Jan. 23. The concentrated

Digital Asset co-founder and CEO Yuval Rooz stated at Token2049 in Singapore that the crypto industry should accelerate institutional adoption during the current regulatory environment. Rooz argued that widespread blockchain use could make it harder for future administrations to reverse industry

Robinhood Markets Inc. and Public.com announced transfer incentives for Webull Corp. customers following a House committee investigation into China ties. A bipartisan House Select Committee said Webull is 'tied in structural ways' to the Chinese government, according to a CNBC report, highlighting a

Foreign investment in emerging market bonds and stocks recorded a net outflow of $26.3 billion in September, according to an Institute of International Finance (IIF) report cited by BiggoFinance on the 8th. The outflow marks the first since June and follows the Federal Reserve's rate hike, which

South Korean lawmaker Lee Kang-il urged authorities to accelerate rulemaking for won-backed stablecoins at an October 8 parliamentary audit of the Financial Services Commission, citing delays that are driving capital overseas. Lee said about 63 trillion won ($45.6 billion) had flowed overseas

Julius Baer assessed that France's fiscal uncertainty will act as a major volatility factor in European financial markets for the time being, according to a report issued on the 7th (local time). Strategist Christian Gattiker stated that the sharp rise in government bond yields in September is

Ripple is expanding into traditional finance through its Ripple Prime unit, which has become a significant swap-financing provider to leveraged ETF issuers in the US market, challenging banks and securities firms. On 7 October, Meritz Securities announced a strategic partnership with Ripple to

Google Gemini AI predicted that Chainlink's LINK token could surge to $100 by January 1, 2027, representing a 7.4x increase from current levels around $13.40-$14. The prediction is based on a hypothetical scenario where Chainlink becomes the officially selected interoperability layer for a major

Lee Eok-won, Chairman of South Korea's Financial Services Commission, announced comprehensive security reviews on the 8th. The announcement at a National Assembly Policy Committee audit addresses growing AI-based hacking threats following cyberattacks on seven financial companies within one week

Federal Reserve Chair Kevin Warsh is scheduled to appear at a public dialogue with International Monetary Fund Managing Director Kristalina Georgieva on October 16 in Bangkok, one day before the blackout period begins for the October 27-28 Federal Open Market Committee meeting. The dialogue, part