Crypto Markets & On-Chain Ecosystem Developments

According to DefiLlama's October 3 snapshot, 71% of tracked blockchains generated zero fees in 24 hours, highlighting the economic concentration of activity among major networks. Solana led with approximately $1.09 million in daily fees, followed by Tron at $922,900, BNB Chain at $793,900,

According to ChainCatcher, The Rollup founder Andy hinted that Polymarket's POLY token is coming soon, posting 'POLY is coming' on X. Polymarket founder Shayne Coplan indicated in a linked post that he may share further details on the topic at the TOKEN2049 conference in Singapore. No information on

Analyst Jake Claver forecasts XRP reaching $750 by late 2026 or early 2027, reiterating the prediction during a Thursday livestream despite his earlier $100 target for 2025 not materializing. XRP traded at $1.51 with a 1% gain, positioned near the middle of its recent range with immediate

Fireblocks announced the launch of its stablecoin rails with bank pilots currently in production. The infrastructure advancement enables tokenized assets to move on-chain, representing a development in cryptocurrency infrastructure. The announcement came from a recent Fireblocks tweet highlighting t

Arbitrum temporarily halted new Stylus contract activations on Arbitrum One and Nova after AI-assisted development tools lowered the barrier to creating attacks against hand-crafted WebAssembly programs. The Arbitrum Security Council completed the emergency action at 11:30 EST on Oct. 2, 2026,

According to Arbitrum Security Council, on Oct. 2, 2026, Arbitrum paused new Stylus contract activations on Arbitrum One and Nova after AI-assisted development tools increased the ability to create attacks against hand-crafted WebAssembly programs. The emergency measure prevents new Stylus

According to Fireblocks official announcement, the company has launched live stablecoin rails with bank pilots currently in production. The infrastructure advancement enables tokenized assets to move on-chain, marking a critical development in institutional cryptocurrency infrastructure

Blast, an Ethereum layer-2 network, announced on Oct. 5 that it is shutting down operations after operating costs exceeded the revenue generated by the chain. The network stated in a post on X that it had not found a realistic path to an economically sustainable model. Blast's total value locked

According to Hong Kong Financial Secretary Paul Chan, the city will submit legislative amendments by year-end to establish licensing regimes for virtual asset trading, custody, advisory, and management services. The Financial Secretary made the announcement on October 5 as part of the government's r

Optimism is conducting an APAC tour emphasizing the adoption of real-world assets onchain. The tour highlights the importance of corporate and financial integration in blockchain initiatives, with recent engagement involving PacificMeta to showcase how Japan's real-world assets can be brought onchai

Bitcoin trading at $85,500 after reaching as high as $87,000, marking the second rally in a week to stall near the $86,000-$87,000 resistance zone. Last Wednesday's move to $85,500 also faded within hours, and the latest attempt briefly climbed within $500 of the late-September peak near $87,400

Gate News bot message: Gate market data shows that BTC has fallen below 86,000 USDT and is currently priced at 85,996.7 USDT.

According to on-chain analytics platform Lookonchain, trader 0x914b suffered a $471,000 loss on a short position of 14,976 ETH (worth approximately $40.97 million), then immediately opened a 25x leveraged long position totaling 23,734 ETH (worth approximately $64.3 million). The liquidation price fo

Gate News reports that, as of Q3 2026, the on-chain burn of GateToken (GT) has been completed, with 1,987,321.2431520 GT sent to the burn address in this event, worth more than $22.35 million. Since the Gate Chain mainnet launched in 2019, GT has used a continuous burn mechanism, reducing its total supply by approximately 63.98% from the initial 300 million tokens. Following this burn, the cumulative amount burned reached 191,934,541 GT, with a cumulative burn value exceeding $1.504 billion. Gat

According to data from Farside Investors, US spot Bitcoin ETFs endured net outflows of $148.7 million on Sept. 30 as institutional demand weakened. Fidelity's FBTC accounted for $125.6 million of the withdrawals, while BlackRock's IBIT lost $9.5 million and Bitwise's BITB shed $13.6 million.

According to official announcement, S&P Global Ratings launched its Vault Risk Assessment (VRA) framework on October 5 to evaluate on-chain digital asset lending positions across six dimensions: portfolio credit quality, liquidity mismatch, curation, blockchain, protocol, and vault security and