Gate Cryptocurrency News and Market Analysis

AbstractChain, an Ethereum Layer 2 solution, is winding down operations, according to Twitter commentator @SolanaFloor. Founder Luca Netz indicated a shift in focus towards Pudgy Penguins and related NFTs. The closure follows another Layer 2 shutdown, Blast, within a week, highlighting ongoing

South Korea's National Assembly Finance Committee rejected all 39 witness requests from ruling party lawmakers on October 7, blocking testimony from key figures involved in the controversial introduction of single-stock leverage ETFs. The rejected witnesses include Kim Yong-beom, former Blue House p

South Korea's USD/KRW spot foreign exchange market saw API-based trading surge 21-fold over three years from 2022 to last year, reaching a daily average of $1.5 billion, according to data submitted by the Bank of Korea to the National Assembly's Finance and Economy Committee. The rapid

BitGo launched a prime brokerage service designed for hedge funds, family offices, and ETF issuers. The service emphasizes customized operational solutions rather than a standardized model, addressing the distinct requirements of each institutional client type. Adam Sporn, BitGo's Head of Prime

CMC Funded confirmed Match-Trader as the technology platform behind its simulated proprietary trading business on Tuesday, formalizing a relationship that surfaced through technical infrastructure before the programme's October 1 debut. Match-Trade Technologies announced the agreement, stating Match

The tokenized stock market reached a market cap of $3.8 billion, driven by over 20 issuers competing to bring stocks onchain. Token Terminal reported the market increased 8.7 times over the past year, reflecting a broader shift in the

Samsung Electronics and SK Hynix are projected to achieve combined Q3 operating profit of approximately 184.16 trillion won, nearing the 200 trillion won milestone, driven by surging AI server demand and rising memory semiconductor prices. Samsung Electronics' Q3 operating profit consensus stands at

Teenage investors in Korean stocks achieved the highest returns on Samsung Electronics and SK Hynix shares among all age groups, according to data from Kiwoom Securities as of last month 23rd. The teenagers recorded an average 95.7% return on Samsung Electronics and 42.3% on SK Hynix, with Samsung c

QUICK cryptocurrency reached $0.01215 after an 11.06% price increase within a 60-minute period. The altcoin recorded a 14.95% gain over 24 hours with trading volume of approximately $199,924.31. The price fluctuated between $0.01077 and $0.01215 during the 24-hour trading period. QUICK

US stocks extended gains on October 6, with all three major indices closing higher for the third consecutive session. The Dow Jones Industrial Average rose 253.38 points (0.49%) to 51,521.28, the S&P 500 climbed 44.98 points (0.58%) to 7,818.93, and the Nasdaq Composite advanced 122.48 points (0.45%

The Atlanta Federal Reserve's GDPNow model maintained its third-quarter 2025 US GDP growth estimate at 3.7% annualized quarter-over-quarter on October 6 local time. The estimate has remained largely unchanged since being downgraded from 5.0% to 3.7% at the end of last month. The real-time tracking m

Korean Target Date Funds recorded widespread losses in September as 185 out of 197 products declined, according to retirement pension analysis firm Glide Research. The losses averaged around 1% across funds regardless of retirement year vintage, breaking the typical pattern where funds closer to ret

Changgeumline acquired 5.58% of Hanjin Co. shares (866,413 shares) as of the 2nd, filing as a major shareholder with stated purpose of simple investment. The shipping company purchased an additional 102,558 shares worth approximately 1.53 billion won on the stock market over five days from the 28th,

Circle Mint has integrated Aave support into its Digital Asset-Backed Borrowing product, enabling eligible Circle Mint LLC customers to use cirBTC as collateral to borrow USDC directly from Aave on Arc or Ethereum. The integration expands access to decentralized finance borrowing solutions by

Trading 212 increased group revenue by 70% to £345.8 million in 2025 while pre-tax profit more than doubled to £127.7 million, driven by stronger client activity and rapid asset growth that pushed earnings ahead of the broker's expanding cost base. Profit after tax rose 114% to £93.9 million

GDN announced a partnership with Arbitrum to enhance the programmable economy and advance digital asset innovation. The collaboration aims to foster development in blockchain applications and technological solutions for improved user experience. Arbitrum, a layer-2 scaling solution for Ethereum, and

Ferrari's $RACE token is now available across various applications in the Solana ecosystem. The integration, announced by the official Solana account, brings the token to platforms including Fomo, Dflow, and Raydium. This move aims to expand the utility of the Solana blockchain and attract more

Open interest for real-world asset (RWA) perpetual contracts reached $5.68 billion today, according to data reported by @DefiLlama. This represents a surge from nearly zero a year ago. The growth reflects increasing trader interest in tokenized real-world assets as RWA projects gain traction in

The S&P 500 closed at a record high of 7818.93 on October 6 (local time), rising 0.58% and breaking above 7800 for the first time. The surge occurred despite the 10-year US Treasury yield remaining above 5%, driven by investor expectations that AI investment will boost corporate earnings more than h

a16z crypto highlighted the potential of stablecoins to transform financial services in a recent discussion. Guy Wuollet, speaking during the discussion, emphasized that the future of finance relies on blockchain, drawing parallels to how other industries adapted to internet technologies. The