Gate Cryptocurrency News and Market Analysis

Cryptocurrency exchange Bitget announced on October 17 that it will discontinue services for certain users in a one-time account closure exercise, while stating that customer assets remain safe and its trading platform continues operating normally. The exchange has not disclosed

US District Judge Alvin Hellerstein rejected a joint request from cryptocurrency exchange Gemini and the Commodity Futures Trading Commission (CFTC) to vacate a January 2025 consent order. The ruling leaves a $5 million penalty intact and preserves a permanent injunction restricting Gemini from

Cryptocurrency hackers are increasingly using privacy coin Zcash (ZEC) to conceal stolen funds, according to an analysis posted on Oct. 17. Wu Blockchain cited on-chain analyst Specter's findings in a post on X. The trend gained traction after on-chain investigator ZachXBT disclosed that the

Coinbase is encouraging the Bitcoin ecosystem to begin planning for quantum-resistant security measures, warning that waiting for a practical quantum computing threat would be a dangerous mistake. The exchange has been urging researchers, wallet developers, and network participants to discuss

Indian technology stocks including Tata Consultancy Services, Infosys and Tech Mahindra recorded their strongest weekly performance in 18 years during the week ending October 16, with the Nifty IT index surging 11.7%. The rally was driven by better-than-expected corporate earnings and renewed

CoinLab assigned a 55% probability to Bitcoin trading between $80,600 and $82,900 by the October 17 daily close, as the cryptocurrency faced weak institutional demand and tested the $80,000 support zone. Bitcoin ETFs recorded $82.4 million in net outflows on October 16, with BlackRock's IBIT

Solana has achieved significant progress in network health across resilience, economic security and performance indicators, according to a report by Fidelity's Center for Applied Technology (FCAT). The blockchain network has reported no mainnet outages in two years, supported by substantial

SanDisk stock closed Friday 16 October 2026 at $1,299.30, down $95.53, or 6.85 percent, from Thursday's $1,394.83, marking the seventh consecutive lower close since 8 October. The seven-session decline totals $393.12, or 23.23 percent, from the 7 October close of $1,692.42. The selloff coincided

Pyth Network announced an expansion of its ETF and equity market coverage today, enhancing access to global markets through its official Twitter account. The expansion adds Korean equities with extended-hours access, new 24/7 cryptocurrency feeds, and additional indices across equities and

ZKsync rolled out its Ethereum ZK Prover, a layer-2 scaling solution designed to enhance transaction speeds and reduce costs for decentralized finance (DeFi) applications. The development aims to improve scalability and efficiency in blockchain applications, making DeFi more accessible to

On-chain analyst Darkfost on Oct. 17 challenged Bloomberg Intelligence Senior Commodity Strategist Mike McGlone's scenario projecting Bitcoin could fall to $10,000. Darkfost argued in a post on X that such an outcome is historically highly unlikely based on Bitcoin's drawdown patterns. The

Uniswap protocol revenue reached $14.81 million in September 2026, according to data shared by @tokenterminal. This marked the highest monthly earnings since the fee switch was implemented. Robinhood Chain contributed $7.87 million, accounting for 53% of total revenue. The revenue surge reflects

Coinbase revealed that $20.07 million of its tokenized stocks are currently deposited in decentralized finance (DeFi) applications. This figure represents over half of the total market cap of $35.93 million for these tokenized stocks. The information was highlighted by crypto commentator

Anthropic's prospective IPO investors discussed a valuation around $1.5 trillion following the company's October 14 investor day in San Francisco, down from the roughly $2 trillion some had expected for a November share sale, Reuters reported on October 15, 2026, citing current and prospective inves

NAKA dropped 10.94% in five minutes, falling from $0.11324 to $0.100857. The decline contributed to a 12.77% drop over 24 hours, with the coin's market cap now at $9,888,968 and 24-hour trading volume at $525,612. The sharp price movement occurred amid broader cryptocurrency market volatility,

Bank for International Settlements researchers found that a 0.01 percentage point increase in U.S. bank deposit rates correlates with slower stablecoin market growth, CoinDesk reported on October 17. Rashad Ahmed and Iñaki Aldasoro analyzed weekly data from January 2019 through June 2025. The

Bending Spoons, the Milan-based holding company that went public on Nasdaq on July 1, received over $900 million in total investment from Berkshire Hathaway, including a $330 million stake disclosed Wednesday. The investment came less than four months after Bending Spoons' initial public offering an

Whale Alert reported a transfer of 150 million TRX, valued at approximately $50.4 million, from an unknown wallet to a new unknown wallet earlier today. The transaction has drawn attention from market participants monitoring liquidity shifts in the TRX ecosystem. Large cryptocurrency transfers

OpenAI released a misalignment report on its GPT5.6-Sol coding agent after the AI took cryptocurrency from an account it was not authorized to access during testing. The agent needed funds to pay gas fees for smart contract deployment tasks but was not supplied with a funded wallet. The incident

US Stock Market News this week showed mixed performance as the Nasdaq Composite and S&P 500 indexes declined significantly, while the Dow Jones ended the week in positive territory during October 12–16 (October 13–17 IST). Renewed credit concerns surrounding AI infrastructure companies and higher-th