Gate Cryptocurrency News and Market Analysis

Michael Novogratz, founder and CEO of Galaxy Digital, called artificial intelligence the biggest bubble of our lifetime this week. Ray Dalio, founder of Bridgewater Associates, warned the AI bubble is close to bursting due to rising interest rates. The S&P 500 reached a record high yesterday,

Bank of Korea developed an in-house AI system called BOKI to support its report production workflow, with approximately 70% of eligible staff using the tool as of July. The central bank cannot use external AI services like ChatGPT or Gemini due to network separation and security requirements

President Donald Trump plans to unveil more than $1 billion in private-sector pledges for the Genesis Mission, an artificial intelligence-driven scientific research project, at a White House AI science summit on Thursday. The announcement will include commitments from major companies including

JD Vance mentioned South Korea's political dynamics when addressing uncertainty around the Alaska liquified natural gas development project the day before leaving Alaska, according to Alaska News on the 7th local time. Vance stated the U.S. would work with South Korea's current or next government, o

Korean securities firms executed 63.5 trillion won in automatic short-term loans from January to August to cover investors' stock margin debt, according to data submitted by the Financial Supervisory Service to lawmaker Park Hong-bae of the Democratic Party. The figure represents a 77.7% increase fr

Token Terminal reported $303.6 billion in stablecoins on-chain, alongside $35 billion in tokenized funds, $7.9 billion in commodities, and $3.8 billion in stocks. The data was shared in a recent tweet by the organization. The figures highlight a growing trend toward secure infrastructure and

zkSync will participate in the Chicago Signal Forum hosted by the Digital Chamber on October 8, 2026. The forum will focus on institutional digital assets and the evolution of onchain financial infrastructure. This gathering aims to bring together industry leaders for strategic discussions on digita

Microsoft announced its Surface Laptop Ultra containing an Nvidia AI chip will start at $2,599, as the company aims to bring more artificial intelligence capabilities to its consumer devices. Pavan Davuluri, Microsoft's executive vice president of Windows and devices, said at a company event in

Grayscale's Zcash ETF gathered over $1 billion in its first 30 trading days, placing it among the top 1% of ETFs launched over the past decade by first-month assets, according to Krista Lynch, the firm's Managing Director and head of trading and capital markets. Lynch made the statement at

A legacy MakerDAO auction-keeper contract was exploited for over $500,000, with an attacker removing 200 ETH by leveraging vulnerabilities dating back to Black Thursday in March 2020. According to a CertiK analysis, the exploit targeted four 50-ETH lots that were never settled during the 2020

BitGo CEO Mike Belshé stated that digital assets are integrating into the financial system regardless of congressional action during his appearance at Bloomberg's Token2049 in Singapore. The statement reflects growing institutional demand

Cosmos held a roundtable discussion with Hypernative Labs featuring Maghnus Mareneck and Marshall Lipman on digital asset security. The discussion focused on the need for preventative controls that act before transactions settle to protect institutional investors. As institutional interest in digita

EQIBank, a Dominica-regulated bank used by Tether, had approximately 80% of its assets frozen as part of a seizure targeting payment processor Capstone Limited, according to Financial Times reporting. The seizure stems from a forfeiture complaint filed in July alleging that Capstone misrepresented t

Stellar reduced its securitization payout timeframe from 30 days to 1 day, according to a report from PwC. The new system uses smart contracts to execute payouts with settlement in AllUnityStable's MiCA-regulated euro stablecoin. The change aims to improve liquidity and operational efficiency

Federal prosecutors on October 5 cited a September 25 Bitcoin Fog ruling to oppose Tornado Cash developer Roman Storm's acquittal bid. The government filed the opposition in the Southern District of New York, arguing the D.C. Circuit's decision—which upheld venue in Washington, D.C., for Bitcoin Fog

Deutsche Bank and UniCredit fell more than 4% Wednesday as European bank stocks dropped amid a surge in government bond yields and renewed sovereign debt concerns. The STOXX Europe Banks index declined approximately 3.5%, with Societe Generale and Intesa Sanpaolo also falling over 4%, according to

Pyth Network announced a collaboration with ExaAILabs to integrate AI capabilities into its market data services. The partnership focuses on providing structured, real-time, and historical market data to enhance AI-powered financial research. This development reflects a growing trend towards

Pyth Network is hosting its Pyth Connect event on October 8, unveiling significant updates for the community. The announcement, shared via tweet by Pyth Network, invites participants to learn about recent developments and previews of upcoming features. Pyth Network operates as a decentralized data o