Gate Cryptocurrency News and Market Analysis

Binance's Ethereum reserves fell to a six-month low of 3.47 million tokens as of Oct. 8, according to CryptoQuant contributor Darkfost. The exchange lost approximately 100,000 Ethereum tokens over the past three days, declining from 3.57 million. Investors continued withdrawing Ethereum despite a re

Anthropic updated its usage policy Thursday, instituting a ban on cruel treatment and abuse of its AI tool Claude. The policy revision, the company's first in more than a year, takes effect November 12. The new rule prohibits 'sustained and needless abusive or cruel behavior' toward Anthropic's AI m

Scotiabank on Friday cut price targets on Verizon Communications Inc. (VZ) stocks to $50, T-Mobile US Inc. (TMUS) stocks to $212, and AT&T Inc. (T) stocks to $26.50, citing higher long-term disruption risk following SpaceX's agreement to acquire up to 14 megahertz of paired spectrum in the 800 MHz b

Roundtable 100 analysts raised BitGo Holdings 35 places higher this week, moving the digital asset infrastructure firm to No. 52 with a score of 59 out of 100. The ranking increase follows BitGo's Q2 2026 revenue of $4.33 billion, up 79.6% from a year ago. BitGo is a digital asset infrastructure

FxPro released a global advertising campaign featuring McLaren Formula 1 drivers Lando Norris and Oscar Piastri in a comedy format that parodies retail trading stereotypes. The campaign uses a scripted casting session where actors exaggerate common trading personas before delivering the broker's

SKL surged 10.87% in the last hour, with the current price reaching $0.00551 from an earlier $0.00497. The price jump coincided with a dramatic surge in trading volumes, which reached approximately $16.47 million in the last 24 hours. The broader crypto market is experiencing mixed signals, though S

In US Stock Market News, Iambic Therapeutics is targeting a valuation of up to $805.8m through a planned US initial public offering (IPO), as the Nvidia-backed AI-based drug developer offers approximately 9.38 million shares at $15-17 each. At the highest proposed price, the transaction would

PC shipments globally dropped 20.1% year-over-year in the third quarter of 2026, according to research firm IDC Global, marking a decline of 15.8 million units. The drop represents a steeper decline compared to the 3.8% year-over-year decrease the market experienced last quarter, and is down 9.1%

Kazakhstan's National Bank signed a memorandum of understanding with stablecoin issuer Tether on October 7, 2026 to explore digital currency infrastructure and asset tokenization. The agreement brings together Tether, the National Bank of Kazakhstan, and the Alatau City Authority to examine stableco

Sanctumso has launched swSOL, a new alternative to wrapped $SOL (wSOL) that maintains a 1:1 redemption rate for $SOL while paying staking yield to integrating protocols. The initiative targets approximately $2.2 billion in idle wSOL, addressing liquidity concerns within the Solana ecosystem. The

Retail investors led by platforms like Robinhood reached record margin debt levels in the second quarter, with Robinhood's margin book hitting $21.6 billion—a 127% year-over-year increase—while total market margin debt climbed to approximately $1.5 trillion in June according to the Financial

Anthropic and OpenAI hired former Trump administration officials for senior roles this year as AI companies strengthen ties with Washington amid national security concerns. Anthropic appointed Chris Liddell to its board in February and Sihao Huang as head of frontier compute strategy in September. O

Two companies affiliated with cryptocurrency market maker DWF Labs filed a $141 million lawsuit against digital asset custody provider BitGo in London's High Court, with the case reported on October 9, 2026. DWF Maas and Falcon Digital allege that BitGo sold Falcon Finance (FF) and ESPORTS tokens

In today's US Stock Market News, major indices are positioned for gains as investors look to close the week strong. S&P 500 futures jumped 0.35 percent to 7,843, Dow Jones futures were up 0.06 percent to 51,526, Nasdaq futures scaled up by 0.74 percent to 31,199, and Russell 2000 futures rose 0.24 p

The European Securities and Markets Authority (ESMA) published a call for evidence Friday to seek industry feedback on the implications of tokenized collateral in clearing operations. The regulator wants evidence that clearinghouses can access tokenized collateral and convert it into cash if

MEXC CEO Vugar Usi Zade and Payward Co-CEO Arjun Sethi shared their perspectives on the convergence of cryptocurrency and traditional finance during a TOKEN2049 Singapore panel. The executives discussed how broader market access, retail demand, and collaboration between platforms could shape the

OpenAI expects annualized revenue to reach or exceed $70 billion by year-end, Bloomberg reported, driving AI stocks higher in premarket trading Friday. The report reversed Thursday's selloff triggered by a Financial Times article stating OpenAI's annualized revenue was around $50 billion at the end

Applied Digital reported $341.9 million in quarterly revenue for fiscal Q1 2027, a 322% increase from $80.9 million a year earlier, driven by accelerating demand for artificial intelligence data centers. The company also recorded a $221 million loss from continuing operations attributable to

Coinbase launched its IRL trading competition with CEO Brian Armstrong announcing the contest is now live. One trader will win $150,000 in the competition designed to enhance user engagement and attract new participants to the platform. The initiative comes as the broader crypto market shows mixed s