Crypto Markets & On-Chain Ecosystem Developments

Gate News bot message: Gate market data shows BTC has fallen below 82000 USDT and is currently trading at 81998.8 USDT.

Bitcoin is testing resistance near its 20-month simple moving average at $87,165 as of October 16, according to on-chain analytics firm CryptoQuant reported by Cointelegraph. CryptoQuant stated this moving average serves as a key technical level that, in past cycles, preceded new cycle highs after b

JupiterExchange launched its YOLO market, enabling traders to leverage up to 1,000x on Solana, Ethereum, and Bitcoin. The platform is tapping into growing demand for high-leverage trading options, which can amplify both potential gains and risks for traders. The launch comes amid a crypto

According to EmberCN data, on October 16, the top three addresses on Hyperliquid's Papertrade platform have each accumulated trading volumes exceeding $100 billion since the loss-mining protocol launched on October 10. The leading address recorded $11.6 billion in trading volume with $780,000 in lo

Machi generated $1.41 billion in trading volume on the PAPER platform, according to commentator @lookonchain. This trading activity enabled him to earn 57.6 million PAPER tokens and $341,000 in USDC rewards through staking mechanisms. The staking strategy reduced his total loss to $74,700,

Fireblocks has launched Liquidity Market, a platform where payments companies and businesses can request and compare stablecoin quotes from multiple over-the-counter desks before executing trades. The product consolidates price discovery, which the company says is often handled through separate

According to Greeks.live researcher Adam, approximately 18,000 BTC options contracts worth $1.47 billion in notional value expire today. The maximum pain level is set at $83,000, with a balanced put-to-call ratio of 1:1. These expiries represent approximately 4.5% of total Bitcoin options open

GRIN experienced a 10.48% price decline in five minutes, dropping to $0.009302. The cryptocurrency reached a day high of $0.01105 before the sudden sell-off, with no confirmed catalyst identified for the movement. The broader cryptocurrency market is currently showing mixed signals, which may have i

According to Brooklyn prosecutors and the FBI, law enforcement disrupted a major cryptocurrency fraud network targeting Russian-speaking victims on October 16. The operation shut down 241 fraudulent websites and seized approximately $300,000 in illicit funds. Authorities are continuing efforts to re

According to BlockBeats, UMX (The Unified Market Exchange), a crypto-friendly securities platform incubated by Avenir Group under Li Lin, officially launched on October 16. Since beta testing began on August 10, the platform accumulated 788 product feedback submissions, with 89 requirements

According to CryptoRank, real-world asset (RWA) perpetuals trading volume on decentralized exchanges (DEX) surged to $39.8 billion in the past week, up 74.7% from $22.8 billion in late August. Variational has emerged as the leading platform, with its market share more than doubling from 10.6% to 32

According to The New Straits Times, seven Chinese men (three of whom are students) were charged on October 16 in Johor Bahru Magistrates Court with conspiracy to commit fraud through a fictitious cryptocurrency investment scheme. All defendants pleaded not guilty. The prosecution alleges the group c

According to BlockBeats, citing analyst Axel Adler Jr, short-term Bitcoin holders' holdings reached 4.08 million BTC as of October 16, marking the highest level since mid-June. This represents an increase of 422,000 BTC (12%) since the July 29 low. The group's average cost basis stands at $74,900,

According to Coinglass data, the crypto derivatives market experienced $313 million in liquidations over the past 24 hours, with long liquidations hitting $165 million and short liquidations reaching $148 million. Breakdown by asset: Bitcoin saw $50.51 million in long liquidations and $35.86 millio

According to an official statement from Bank of Tokyo-Mitsubishi UFJ Trust, the bank partnered with Bank of Tokyo-Mitsubishi UFJ, Sumitomo Mitsui Banking Corporation, Mizuho Bank, and TISI to complete a stablecoin and cross-border payment pilot experiment from July 17-23, 2026. The trial,

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