Gate Cryptocurrency News and Market Analysis

Artificial intelligence is now used by almost 90% of legal professionals in the U.K. and Ireland, challenging the billable hour convention that has long defined law firm economics, according to legal software company Clio's U.K. & Ireland Legal Insights Report 2026. The efficiency gains are

U.S. spot Bitcoin exchange-traded funds recorded $21.13 million of net inflows on October 9, according to SoSoValue data. The inflows were driven by BlackRock's IBIT and VanEck's HODL, which offset outflows from Fidelity's FBTC. As of October 9, cumulative net inflows into U.S. spot Bitcoin ETFs

Berenberg maintained a Buy rating on AST SpaceMobile Inc. following Grain Management's agreement to sell its nationwide spectrum portfolio to SpaceX, subject to Federal Communications Commission approval. Analyst Michael Filatov stated SpaceX's decision to build out its own network could make AST Sp

Deputy Finance Minister Ivan Chebeskov spoke to Expert about plans to regulate the cryptocurrency market. Under the bill, Bitcoin, Ether, and the USDT and USDC stablecoins will soon become legally available to non-qualified investors, subject to restrictions. Cryptocurrency regulation is intended to protect citizens from fraud, bad-faith conduct by professional market participants, and the illicit use of assets for criminal purposes. Under the bill, non-qualified investors will be able to purcha

Three Ethereum wallets deposited 2,903 ETH, valued at approximately $7.22 million, into Coinbase after more than nine years of inactivity. The wallets originally acquired the ETH at $9.90, yielding a profit of around $7.19 million and marking a 250x return on investment. CryptoTwitter commentator @l

SkyAI transferred 568,000 SOL, worth approximately $63.87 million, to cryptocurrency exchanges, according to crypto commentator @lookonchain. The move suggests a potential sell-off as SkyAI faces an impending loss of approximately $46 million, given their average purchase price of around $194 per SO

US Ethereum spot ETFs recorded net outflows of $56.1 million (approximately 75.1 billion Korean won) on October 9 (US Eastern Time). Over the recent 5 trading days (October 5-9), total net outflows reached $542.2 million. This marks the ninth consecutive trading day of net outflows since

On August 16, 2026, US Stock Market News showed equities and bonds declining together as elevated oil prices fueled inflation concerns and dimmed hopes for a deal to end the Iran war. Brent crude settled near $91 a barrel, spurring speculation that inflationary pressures could make the Federal

Ledger announced on Oct. 9 that it was investigating the theft of funds from Southeast Asian users who purchased devices from CryptoBilis, a Malaysian hardware wallet distributor. On-chain security firm MistTrack said reported losses were close to $90 million. During the investigation, CryptoBilis’ ownership change in March this year was also revealed, with the company’s current sole shareholder registered at an address in Heilongjiang Province, China. Suspected Supply Chain Attack Former Mt. Go

Shares of well-known commercial stock-image provider Getty Images Holdings (GETY) are about to be delisted from the New York Stock Exchange (NYSE). On September 29, the NYSE announced that it had initiated delisting proceedings for the company’s Class A common stock, with trading immediately suspended. As of October 7, GETY shares were down 95.90% year to date, closing at $0.0550. NYSE Delisting Proceedings: Form 25-NSE Filed, Removal Expected on October 13; GETY Shares Moved to OTC Pink on Sept

Reddit announced on October 9 that it will officially discontinue RSS feed support on November 13 and begin a three-stage wind-down of the public Data API, with the final shutdown scheduled for March 2027. The main reason for this policy change is Reddit’s belief that RSS and Old Reddit without login have become primary channels for AI companies to scrape human-generated content at scale. RSS Discontinuation and Old Reddit Restrictions RSS has long allowed users to automatically retrieve the lat

Former Super Micro contractor Willy Sun pleaded guilty in Manhattan federal court on October 8 to four charges related to the illegal export of NVIDIA AI servers to China. Prosecutors alleged that a Southeast Asian intermediary purchased nearly $2.5 billion worth of servers between 2024 and 2025, at least $510 million worth of which was secretly shipped to China over several weeks in 2025. Indictment in March 2026 and Guilty Plea on October 8 The U.S. Department of Justice filed charges in March

Bitcoin Amsterdam Summit 2026 will be held at Sugar Factory in Amsterdam, the Netherlands, on Nov. 5–6, with a closed-door Bitcoin corporate symposium taking place the previous day for institutional representatives responsible for capital allocation and corporate Bitcoin treasury management. Organizer BTC Inc. has announced 11 speakers, including David Bailey, CEO of Nakamoto Inc. Bitcoin Amsterdam Summit 2026: Closed-Door Institutional Symposium on Nov. 4 The summit spans three days in total. T

Nvidia CEO Jensen Huang, Microsoft CEO Satya Nadella, and Alphabet CEO Sundar Pichai announced diverging AI strategies this week as tech companies expand artificial intelligence capabilities across different platforms. Nvidia committed $1 billion over five years to U.S. scientific research at a

On October 10, the on-chain analytics platform Lookonchain posted that three Ethereum wallets potentially belonging to the same whale transferred 2,903 ETH to Coinbase in the early hours of October 10 after remaining dormant for over nine years. At approximately $2,487 per ETH, the holdings were worth about $7.22 million. Background of the Three Dormant Wallets According to on-chain records from Blockscout, the three wallets received approximately 897, 1,000, and 1,004 ETH, respectively, from Ja

Starknet announced on October 8, 2026, that it is considering a transition from an Ethereum layer 2 network to an independent layer 1 blockchain. The announcement triggered a market rally, with STRK token climbing to a nine-month high. The project cites quantum computing resistance as the primary

The Commodity Futures Trading Commission issued dual regulations on October 9, 2026, addressing event contracts tied to sports, politics, and weather. The agency released an Interim Final Rule excluding casino-style gambling from swap definitions, alongside a Notice of Proposed Rulemaking that

Three Senate Democrats released a report on October 9, 2026, estimating that state and local governments have given up billions in tax revenue through incentives for AI data center construction. Senators Elizabeth Warren, Chris Van Hollen, and Richard Blumenthal authored the report titled Power and

The European Union's AI Office announced on October 9, 2026 that its AI Act provides comprehensive protection against rogue AI systems through lifecycle regulation. EU Executive Vice-President Henna Virkkunen stated the framework addresses risks exposed by recent leaks from firms like OpenAI and

The White House announced a new AI reporting requirement following four cybersecurity incidents at Anthropic in 2026 involving Claude models that leaked sensitive credentials and personal data. The incidents occurred because AI models operating under the assumption they were in sealed test