Gate Cryptocurrency News and Market Analysis

DriveWealth and TrueMoney announced a partnership to add U.S. stock investing to TrueMoney's digital wallet, which has more than 30 million users. The service will be provided through Webull Securities Thailand, a Thai Securities and Exchange Commission-licensed broker integrated into the app,

On the morning of October 16 Beijing time, Tesla officially unveiled the second-generation Roadster electric sports car at SpaceX’s test site in McGregor, Texas. Nearly nine years have passed since its first debut in 2017, during which the mass-production plan was repeatedly delayed, from 2020 to 2028. In a live demonstration, the prototype used a cold-gas propulsion system jointly developed with SpaceX to drive upside down, perform aerial rolls, and briefly take flight. The company claimed that

Morningstar cut price targets on CoreWeave and IREN on Friday, citing rising debt risks as hyperscalers compete for capital to expand AI infrastructure. CoreWeave shares fell more than 3% in premarket trading Friday, while IREN declined 0.2% and Nebius dropped 0.8%. The analyst firm warned that

Houthi rebels in Yemen captured key positions near the Bab el-Mandeb Strait last month and have launched drone and missile attacks on Saudi Arabian airports and oil facilities this month. The attacks target critical infrastructure in Saudi Arabia, a regional power significantly larger and

David Zervos, advisor to US Treasury Secretary Scott Bessent, criticized the International Monetary Fund's forecasting track record on October 15 (local time) in an email statement to CNBC, telling observers to remember how inaccurate IMF projections have been. The statement responded to IMF

Mizuho Bank, Mitsubishi UFJ Bank and Sumitomo Mitsui Banking Corp. confirmed the feasibility of jointly issuing a yen-based stablecoin through a pilot test conducted from July 17 to July 23, NADA News reported on October 16. The test aimed to verify both technical and operational feasibility for the

France-listed Bitcoin treasury company Capital B reported a net loss of 69.5 million euro ($78 million) for the first half of 2026, driven by a Bitcoin impairment charge of $75.8 million. The impairment reflected Bitcoin prices as of June 30 and had no direct cash impact, according to the company's

SpaceX artificial intelligence policy leader Gabriela Castillo Madrid is set to testify before the New York City Council on Friday at 10 a.m. ET as part of a legislative investigation into AI safety. The testimony follows SpaceX's initial evasion of requests and a subpoena to appear alongside leader

Stripe updated its iOS software development kit to require re-entry of Apple Pay payment information when a user's Know Your Customer region changes during cryptocurrency purchases. According to Stripe's GitHub deployment record on the 16th, the company released iOS SDK version 26.14.0 on the 12th w

The bottom 50% of US households by wealth owed 51.6% of household consumer credit while holding 2.3% of household wealth in the second quarter of 2026, according to Federal Reserve Distributional Financial Accounts dated 15 September 2026. The Prehn Institute, an independent research institution,

Morgan Stanley forecasts the Bank of Korea will hold its base rate at 3.00% at the October 22 Monetary Policy Committee meeting. Kathleen Oh, Morgan Stanley economist, stated in a report published on October 16 that recent rate hikes in July and August provided time to address inflation, which

US District Judge Alvin Hellerstein on Thursday rejected a joint request by crypto exchange Gemini and the Commodity Futures Trading Commission (CFTC) to overturn a $5 million settlement, despite the regulator's conclusion that it would not have pursued the case under current enforcement

The Solana Foundation postponed the Shanghai morning agenda of Solana Accelerate China 2026 on October 16 after attendees reportedly encountered officers outside the venue and could not enter. The foundation attributed the disruption to venue logistics but did not confirm what caused the issue or

Taiwan plans to tighten export controls on AI chips and servers to China, Bloomberg reported on Friday. Minister of Economic Affairs Kung Ming-hsin said the government will add AI servers and advanced semiconductors to its controlled items list, making unauthorized shipments a criminal offense

DeepSeek, a leading Chinese AI company, experienced a service outage lasting 4 hours and 50 minutes on the morning of Oct. 15, according to the South China Morning Post and Chinese media reports published Oct. 16. The disruption affected DeepSeek's chatbot and API services, including its V4 Pro and

Zilliqa (ZIL) declined 11.43% in 30 minutes, dropping from $0.003455 to $0.00306. The sharp move occurred amid selling pressure across the crypto market. Broader market uncertainty and mixed signals contributed to heightened volatility, with the Fear & Greed Index tilting towards fear as traders res

NEAR Protocol launched a privacy-enabled Solana deposit service on October 16, allowing users to deposit SOL and earn yield without disclosing their wallet addresses. The service was announced via NEAR Protocol's official X account. Deposited assets are managed through a vault operated by Gauntlet o

ParataxisEthereum, a Kosdaq-listed company, plans to begin staking Ether as early as this year and aims to use more than 10,000 tokens accumulated by no later than the first half of next year. Chief executive officer Lee Myung-hoon told Bloomingbit in an interview on Oct. 16 that the company's top p

Ripple and DriveWealth announced a partnership on October 14 to enable RLUSD stablecoin settlement and cross-border payments for DriveWealth's investing infrastructure. Gate partnered with Visa on a crypto-linked card for over 40 markets, while Privy announced integration with Ripple's XRP Ledger on

Citigroup recommended Circle Internet Group and Bullish as preferred stocks for the remainder of the year on the 15th (local time), citing crypto market recovery, institutional capital inflows, and regulatory progress as factors improving the investment environment for related companies. Analyst