Gate Cryptocurrency News and Market Analysis

Xiaomi is scheduled to hold a major product launch event in China on October 27, unveiling the Redmi Book 2027 laptop series and the standard Redmi K100 smartphone. The Redmi Book 2027 succeeds the Redmi Book 14 and 16, launched in April, and is confirmed to upgrade to Intel’s third-generation Core platform, with a built-in battery capacity of up to 72Wh. Xiaomi Set to Hold a Launch Event in China on October 27 Xiaomi has officially scheduled a major product launch event in China for October 27,

The publisher and communications director of Palworld developer Pocketpair, John Buckley, published a lengthy post on X on Oct. 22. His central point was that games receiving almost no attention at Steam Next Fest have been common for a long time, even before AI Slop became widespread; games that are good enough and generate buzz can still rise to the surface and find an audience. Fall 2026 Steam Next Fest: Oct. 19–26, with Record Numbers of Games and AI-Assisted Titles The Fall 2026 Steam Next

Bitcoin (BTC) hit an intraday low of $80,989 on Oct. 23, down 3.2% over 24 hours, with its marketcap falling to around $1.64 trillion. CoinGlass data shows that about 100,605 traders were liquidated over the past 24 hours, with total liquidations reaching $441 million, including about $397 million in long liquidations (90%). CoinGecko: Bitcoin Hits 24-Hour Low of $80,989; Nasdaq Falls 2.6% According to CoinGecko data, Bitcoin hit a 24-hour low of $80,989 and was trading at around $81,500 (-3.2%)

Finance Minister Park Hong-geun rejected a proposal to increase cash contributions from the Future Response Fund to South Korea's Sovereign Wealth Fund during National Assembly testimony on October 23. Democratic Party lawmaker Kim Tae-nyeon requested the increase, noting that only 500 billion won o

On-chain analytics platform Lookonchain’s monitoring data shows that Taiwanese entertainer Machi Big Brother (Huang Licheng) sold two Mutant Ape Yacht Club (MAYC) NFTs on Oct. 23 that he had purchased three years ago, receiving 1 ETH for each, for a total loss of 11.63 ETH. The sale was intended to raise funds for more trading on the decentralized exchange Hyperliquid. Lookonchain: Purchase Cost of 13.63 ETH, Total Loss of 11.63 ETH According to Lookonchain’s on-chain tracking records, Machi Big

HSBC launched its Hong Kong dollar-backed stablecoin RedCoin for over 3.3 million PayMe users as of October 23, enabling peer-to-peer transfers and merchant payments without additional account requirements. The full rollout is expected before the weekend. This initiative marks a notable

A Circle shareholder has filed a lawsuit against Donald Trump, alleging unconstitutional foreign benefits connected to his cryptocurrency ventures. The legal action centers on a $2 billion investment from the United Arab Emirates in Binance, which was settled using the USD1 stablecoin. The sharehold

The Ethereum Foundation has postponed the Glamsterdam upgrade on the Hoodi testnet, originally scheduled for October 26. The decision stems from compatibility concerns related to EIP-8037's new gas accounting changes and their potential impact on existing mainnet smart contracts. The upgrade was

NIO Firefly officially announced on Oct. 23 that it is launching a 60kWh battery version. The battery volume and curb weight remain unchanged, while CLTC range increases to 560 kilometers. Pricing: the BaaS battery rental plan starts at 79.8k Yuan, with a monthly fee of 599 Yuan; purchasing the complete vehicle starts at 136.8k Yuan. Existing owners can upgrade to the 60kWh version. NIO Firefly 60kWh Battery Specs: Battery Volume and Curb Weight Unchanged According to NIO Firefly's official anno

The XRP Ledger’s fixCleanup340 amendment was originally scheduled to activate on October 23, but the previous day, validator support briefly fell to 26 votes, below the 29-vote activation threshold, triggering a full reset of the entire 14-day approval timer. By 14:46 UTC, support had recovered to 29 votes, starting a new 14-day countdown; as of the latest update, support has risen to 31 votes. How fixCleanup340 activates: 35 validators, an 80% threshold, and 14 consecutive days The XRP Ledger r

The Swiss Financial Market Supervisory Authority (FINMA) approved the first spot Bitcoin ETF under Swiss law on October 20. BIT Asset Management AG announced on October 23 that its Bitcoin Fund ETF (BBIT) is expected to begin trading on the SIX Swiss Exchange in November. It is currently the only spot Bitcoin ETF in Europe, and its public offering is limited to Switzerland. Background to FINMA Approval: Policy Developments Since 2021 and Rationale for Exempting a Single-Asset Bitcoin Fund Since

Prediction market operator Underdog has partnered with crypto infrastructure provider Zerohash and plans to launch cryptocurrency and stablecoin deposit features later this year. Users will be able to deposit supported digital assets directly through the app. According to DeFiRate’s 30-day data as of October 21, Underdog’s trading volume was $1.4 billion, up 133% from the previous period. Underdog Announces Partnership with Zerohash to Launch Crypto and Stablecoin Deposits Later This Year Underd

In US Stock Market News, the S&P 500 (SNPINDEX: ^GSPC) has gained 12% so far in 2026, extending a bull market fueled mostly by enthusiasm around artificial intelligence (AI), but recent sharp declines in both the S&P 500 and Nasdaq Composite (NASDAQINDEX: ^IXIC) have prompted investors to reassess m

NVIDIA unveiled DSX POD at its GTC Berlin event on October 21: a modular AI factory reference design for Vera Rubin systems. Partners integrate and validate containerized compute, power, cooling, and networking systems in a factory environment, then ship factory-integrated, prefabricated units to prepared sites, reducing the time needed for on-site, component-by-component assembly. Overview of the DSX POD announcement at GTC Berlin: Factory prefabrication process and participating partners DSX P

Circle launched Circle Match on October 22, 2026, allowing eligible Circle Mint customers to match USDC minting and redemption demand in hourly auctions. Matched orders on the minting side receive rebates, while the redemption side pays settlement fees under the program’s rules. Circle’s legal terms draw a key distinction: Match determines fees and rebates for matched orders. Eligible Circle Mint customers can match opposing demand in hourly auctions Circle Match works as follows: under the trad

On Oct. 23 (Beijing time), Western Digital (NASDAQ: WDC) reported its results for the first quarter of fiscal 2027. Revenue was $4.381 billion, up 55% year over year and above analysts’ prior expectation of $4.14 billion. Non-GAAP earnings per share were $4.64, up 161% year over year and significantly above the consensus estimate of $4.11. Second-quarter guidance widened the gap further: the midpoint of the revenue guidance range was $5.1 billion, about 12% above the market expectation of $4.57

According to BeInCrypto, the Pokémon card price index compiled by market analytics platform Card Ladder grew approximately 40-fold from early 2019 through October 2026; over the same period, NVIDIA stock grew approximately 41-fold. Both use the same time period and compare performance based on starting prices. This comparison measures changes in asset prices, excludes trading costs, and does not directly represent investors’ net returns. Card Ladder Data: Comparing 40x Growth in the Pokémon Card

U.S. Secretary of Defense Pete Hegseth issued a memorandum on Oct. 20, imposing a department-wide ban on Defense Department employees using nonpublic information to bet on military operations in prediction markets such as Kalshi and Polymarket. The memo was sent to senior officials at the Pentagon and across defense agencies and stated unequivocally: “Our adversaries are watching these markets move, and the safety of our service members often depends on the enemy not knowing what is going to hap