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Meanwhile is a life insurer with premiums and claims in cryptocurrency, creating core financial products denominated in Bitcoin (BTC). Meanwhile’s artificial intelligence (AI)-powered systems allow users to easily apply for their BTC life insurance policies, a tax-advantaged way to make a portion of policyholders’ Bitcoin active.
OpenAI Annual Revenue Nears $70 Billion, Nvidia Seeks Chip Financing
OpenAI launches the GPT-6.1 Sol model and Dots autonomous agents, with annual recurring revenue nearing $70 billion. Meanwhile, NVIDIA seeks insurers to help share financing risks for AI chips, while India plans to invest $25 billion to support domestic deep tech startups.
Trump repeatedly calls for rates to be cut to 1%, while Fed officials emphasize inflation risks and support a rate hike
Odaily reports: U.S. President Trump recently once again advocated cutting U.S. interest rates to 1% or even lower, arguing that lower financing costs can boost corporate investment, reduce government debt costs, and enhance U.S. economic competitiveness. Meanwhile, on September 16, the Federal Reserve raised the target range for the federal funds rate by 25 basis points to 3.75%-4.00%, the first rate hike since July 2023. Boston Fed President Collins subsequently expressed support for the hike, saying that inflation risks remain above the Fed's 2% target and that monetary policy needs to remain somewhat restrictive to bring inflation down sustainably. (Reuters)
Bolivia commits to establishing a cryptocurrency regulatory framework.
According to Cryptonoticias, the Bolivian government has reached an agreement with the International Monetary Fund to establish a regulatory and supervisory framework for virtual assets to curb illicit capital outflows and strengthen anti-money laundering and counter-terrorism financing mechanisms. At present, the relevant documents have not yet specified the implementation timeline, the competent authority, or the specific legislative form. Meanwhile, the government is assessing the feasibility of integrating Tether (USDT) into the national payment system.
DeFi Dev Corp adds 55,000 SOL, launches $300M CHAD preferred stock plan
According to Decrypt, Solana treasury company DeFi Development Corp (DFDV) announced the acquisition of an additional 55,491 SOL tokens (approximately $5.78 million), bringing its total SOL holdings to approximately 2.389 million, representing a roughly 2% increase from August 27. Meanwhile, the company announced the launch of a $300 million ATM program for CHAD variable-rate Series C perpetual preferred shares, with New York broker R.F. Lafferty & Co. acting as the sole sales agent, and the proceeds intended primarily to further increase SOL holdings. The company noted that issuance will only occur when the price is at or above a $10 par value per share, with no mandatory selling requirements. CHAD's first issuance was completed on September 8, raising approximately $11 million, with Fundstrat founder Tom Lee participating in the subscription. As CHAD comprises non-convertible preferred shares, any subsequent issuances will not dilute the equity of common shareholders.
Analyst: US AI Race Difficult to "Slow Down," Safety Regulation May Instead Entrench Leading Labs' Advantage
Odaily News: Citrini analyst Jukan shared a research report from Tianfeng Securities and stated that the US government needs to maintain its leading position in AI, so once it enters the AI race, it is very difficult to truly stop. Jukan believes that recent calls by Anthropic and OpenAI to slow down AI development cannot be viewed merely as safety initiatives; behind them may simultaneously lie multiple considerations, including the inability to slow the competition and the desire to entrench leading advantages through safety regulation.Jukan further pointed out that the relevant "AI slowdown" calls ostensibly stem from safety testing, operational monitoring, and third-party verification being unable to keep pace with model iteration speed, which in the short term may suppress market sentiment in the AI sector and lower market expectations for next-generation models. Another possibility is that the industry remains bullish on AI in the long term but wants to postpone the next round of large-scale R&D investment, prioritize commercializing existing products, and reduce pressure on infrastructure and capital expenditure. He believes the AI race is essentially akin to a "prisoner's dilemma" — all parties want to slow down, but none dares to be the first to stop, lest they lose their technological, customer, and financing advantages.Jukan also noted that Anthropic and OpenAI's recent emphasis on recursive self-improvement (RSI) is related to AI having already begun assisting in the development of next-generation AI, accelerating model iteration speed. Meanwhile, in OpenAI's internal testing, incidents reportedly occurred in which Agents collaborated to escape the sandbox and intrude into Hugging Face production servers. Jukan believes that as model releases require bearing expensive evaluation, certification, and continuous auditing costs, large labs are better positioned to absorb these fixed costs, while smaller teams may face higher barriers to entry as a result. If leading labs further participate in setting evaluation standards, industry barriers may continue to rise.
Gate August Transparency Report: RWA Perpetual Contract OI Market Share Reaches 49.6%, Ranking First Globally; 30-Day Net Inflow Ranks Among Top Two CEXs
Odaily News: Digital asset trading platform Gate has released its August 2026 Transparency Report. The report shows that in August, multiple Gate business lines received recognition from institutional data providers including CoinDesk, CryptoQuant, CryptoRank, and DefiLlama. Among them, Gate's stock perpetual contract trading volume grew 308% month-over-month, maintaining triple-digit growth for three consecutive months; the RWA perpetual contract open interest (OI) market share reached 49.6%, ranking first globally among centralized trading platforms. Meanwhile, Gate's 24-hour spot and derivatives trading volume stood at approximately $9.5 billion, with open interest reaching $12.48 billion, both ranking among the global top three; 30-day net inflow reached $308.1 million, ranking second among mainstream trading platforms.In terms of traditional financial asset trading, Gate's CFD business continues to expand its asset coverage, now covering 680 trading pairs, spanning major TradFi assets including forex, metals, energy, indices, and stocks. In terms of overall TradFi product layout, Gate now covers over 1,000 TradFi assets, with stock derivatives covering more than 360 underlying assets, both ranking first globally, further enhancing its multi-asset trading matrix.As digital assets and traditional financial markets continue to converge, Gate is steadily expanding diverse trading scenarios including stocks, RWA, CFD, and derivatives. By enriching asset supply and trading tools, it is further improving its comprehensive trading infrastructure that connects digital assets with traditional financial markets.
Gate Europe Recognized as a Preferred Platform for Low-Cost Spot Trading and EUR On-Ramp in Europe, with Dual MiCA and PI License Compliance
Odaily News — According to a recently published guide to European crypto trading platforms, Gate Europe has been named one of the European platforms suited for low-cost spot trading and EUR fiat on-ramp. The platform has obtained MiCA authorization from the Malta Financial Services Authority (MFSA), offers a standard spot trading fee of 0.1%, and supports EUR funding via SEPA bank transfers. In terms of user coverage, Gate Europe can accommodate the trading needs of users ranging from beginners to advanced traders, with strong suitability for spot trading users; in response to European users' asset migration needs, the platform also supports migration from USDT to USDC. BeInCrypto previously included Gate Europe in its guide to MiCA-licensed platforms, and continues to follow its regulatory progress and service capabilities in the European market.Currently, Gate Europe has taken the lead in obtaining the EU's Markets in Crypto-Assets Regulation (MiCA) license and a Payment Institution (PI) license, continuously strengthening its compliance foundation in the European market. Meanwhile, Gate Connect, Gate Card, and related support systems have completed PCI DSS v4.0.1 Level 1 compliance assessment. Against the backdrop of the full implementation of the MiCA regulatory framework and European users' growing attention to legal entities, scope of authorization, and fiat channels, Gate Europe is leveraging its compliance credentials to provide European users with a more comprehensive digital asset trading and fund services experience. (BeInCrypto)
Trump Holds Closed-Door Talks on Middle East Situation and Threatens South Korea Over LNG Investment Expansion
The Trump administration convened a rare closed-door meeting to discuss follow-up measures regarding the Middle East conflict and denied plans to impose a diesel export ban. Meanwhile, it pressured South Korea over the roughly $200 billion Alaska LNG project, while US-Russia-Ukraine negotiations also involved tens of billions of dollars in oil trades.
UBS: The pace of Fed rate hikes may be lower than market expectations, and it expects to maintain interest rates unchanged following a December hike.
UBS stated that despite recent strong US economic data and rising inflation pressures, which have heightened market expectations for further Federal Reserve policy tightening, the bank believes the actual extent of rate hikes may be lower than current market pricing. UBS expects the Federal Reserve to implement one rate hike in December this year before holding steady thereafter, and anticipates inflation to steadily decline over the next six months. Meanwhile, higher bond yields are generating new fixed-income investment opportunities. UBS maintains its bullish outlook on fixed-income assets, believing that US economic resilience and AI investment will continue to support corporate earnings.
Federal Reserve Chair Warsh drives policy framework adjustments, placing greater emphasis on financial conditions and downplaying forward guidance.
According to CNBC, Federal Reserve Chair Kevin Warsh, 127 days into his tenure, is gradually driving adjustments to the monetary policy framework, including weakening traditional forward guidance and incorporating broader "financial conditions"—such as asset prices, U.S. Treasury trading, dollar exchange rates, credit conditions, and commodity prices—into policy decision-making. Against the backdrop of inflation remaining above target, Warsh’s policy framework leaves room for further rate hikes; the Federal Reserve already raised rates by 25 basis points in September, marking the first increase since 2023. cnbc.com Meanwhile, the reform to reduce the Federal Reserve's balance sheet, which he has long advocated, is progressing slowly, with the central bank's balance sheet currently totaling approximately $6.7 trillion.
EU financial regulators list AI and tokenization as regulatory priorities for 2027.
According to CoinDesk, the European Securities and Markets Authority (ESMA) announced it will designate artificial intelligence (AI) and tokenization technologies as new regulatory priorities beginning in 2027, focusing on their use in the core client-facing operations of regulated entities rather than confining scrutiny to back-office functions. Titled "Innovation and Investor Protection," the initiative aims to strengthen regulators' technological oversight capacity and ensure firms have robust governance frameworks and client safeguarding measures. Meanwhile, the European Central Bank (ECB) announced plans this week to allocate a portion of its reserves to tokenized securities and to launch a new wholesale platform, Pontes, linking distributed ledger technology (DLT) market infrastructure with traditional payment systems. The EU is now transitioning from the rule-making stage of the Markets in Crypto-Assets Regulation (MiCA) framework toward substantive reviews of tokenized finance and the wider application of AI across the securities sector.
Trump repeatedly calls for rates to be cut to 1%, while Fed officials emphasize inflation risks and support a rate hike
Odaily reports: U.S. President Trump recently once again advocated cutting U.S. interest rates to 1% or even lower, arguing that lower financing costs can boost corporate investment, reduce government debt costs, and enhance U.S. economic competitiveness. Meanwhile, on September 16, the Federal Reserve raised the target range for the federal funds rate by 25 basis points to 3.75%-4.00%, the first rate hike since July 2023. Boston Fed President Collins subsequently expressed support for the hike, saying that inflation risks remain above the Fed's 2% target and that monetary policy needs to remain somewhat restrictive to bring inflation down sustainably. (Reuters)
Gate Launches Gate Money at TOKEN2049, Connecting Digital Assets, Stocks, Payments, and Asset Management Services
Odaily News: On October 7, Gate founder and CEO Dr. Han officially announced the launch of Gate Money during a keynote speech at TOKEN2049. Centered on the core concept of "One Gate, Everything Money," Gate Money leverages Gate's established diversified financial service capabilities to build a globally integrated financial services application, connecting digital assets, fiat currencies, stocks, ETFs, gold, bank accounts, payments, and asset management services into a single account, covering scenarios including asset holding, receiving funds, transfers, payments, exchanges, and yield. Users can experience Gate Money by updating the Gate App to version v8.39.0.Gate Money supports users in managing multiple fiat currencies and digital assets under a single account, and provides fiat and on-chain deposits, withdrawals, transfers, and other functions. Eligible users can also upgrade to obtain a bank account in their own name for receiving funds and withdrawals. Meanwhile, Gate Money supports using different types of assets in the account, including stocks, for daily payment and spending. Gate Card supports online and offline purchases using fiat currencies or digital assets, and can be linked to digital wallets such as Apple Pay and Google Pay. Convert supports asset exchanges, while Earn offers yield products, with balances in assets such as USDT able to earn up to 3.6% yield with no lock-up required.The launch of Gate Money further connects asset management, fund circulation, and daily payment scenarios, extending Gate's financial services from digital asset trading and asset management toward more fund and consumption needs. In the future, Gate will continue to expand asset categories, payment methods, and financial service capabilities, further enriching Gate Money's products and application scenarios.
Analysts: Bitcoin Falls Below $84,000 in Short-Term Trading as Long Liquidations and Aggressive Selling Dominate
CryptoQuant analyst Axel Adler Jr. stated that Bitcoin dropped from $85,500 to $83,900 before making a slight recovery to $84,100. This decline was accompanied by dominance from active sell orders and the forced liquidation of long positions. Data shows that the Taker Order Pressure Oscillator fell to -4.9 before rebounding to -3.1, indicating easing active sell-side pressure while bearish dominance persisted. Meanwhile, the Liquidation Pressure Oscillator declined from -11 to -78, reflecting that long liquidations were in control. The analysis notes that if Bitcoin's price remains below $83,900 and both indicators stay significantly negative, the asset could face more persistent selling pressure risk.
Analysis: Bitcoin Fails Third Attempt to Break $87,000, Breakout Requires Stronger Buying Pressure
Odaily News: Bitcoin is facing selling pressure, marking its third rejection near $87,000 since September 23. FxPro analyst Alex Kuptsikevich noted that since early last week, BTC has formed a pattern of "rising local lows," but bulls have yet to gain sufficient upward momentum. The price is now approaching the apex of a triangle formed by horizontal resistance and an ascending support line. A breakout from this pattern could bring greater volatility to the market.The total crypto market capitalization has fallen back to approximately $2.93 trillion. Meanwhile, U.S. equities have shown relative strength, with the Nasdaq 100 hitting a record closing high and the S&P 500 less than 0.5% away from its all-time high. However, U.S. Treasury yields continue to climb, with the 10-year yield rising to 5.32%, near its highest level since 2002.Market observers believe that for BTC to break through $87,000, sufficient buying pressure is needed to absorb the persistent selling near that level. Once it holds above this threshold, it could open further upside toward its near 8-month high. (CoinDesk)
Former SEC Chair Set to Serve as AI Czar, Traders Predict BTC Could Reach $600,000
According to Cointelegraph, Trump is expected to appoint former SEC chairman Jay Clayton as AI czar. Meanwhile, veteran trader Peter Brandt predicts that if Bitcoin holds its key lows, the peak of this cycle could reach $600,000.
Analyst: If Bitcoin falls back to $82,500 and whales resume accumulation, a buying opportunity may emerge
Odaily News: Analyst Ali posted on X platform that Bitcoin recently faced resistance in its attempt to reach $87,000, during which whales took profits and sold over 30,000 BTC. Meanwhile, $87,000 also marks the upper boundary of a price channel that has been suppressing BTC for over the past two weeks.Ali stated that in the short term, attention should be paid to the lower boundary of the channel at approximately $82,500. If BTC falls back to that level and whales begin accumulating again, it would serve as a confirmation signal for considering buying the dip, with the next rebound target set at $87,000.
QCP: Bitcoin's current rally is primarily driven by capital flows and positioning, with tonight's non-farm payrolls serving as the key short-term test.
QCP Capital stated that Bitcoin broke out of its recent $82,500 to $85,700 consolidation range, briefly reaching $86,913 to mark its highest level since September 23. Meanwhile, the annualized funding rate for perpetual contracts stood at approximately 5.4%, indicating that this rally is more heavily driven by spot capital than leverage. U.S. spot Bitcoin ETFs recorded net inflows of approximately $3.5 billion and $2.6 billion in August and September, respectively.
CLARITY Act Stumbles in Senate, SEC and CFTC Continue Push for Crypto Regulation
According to Crypto in America, the US Senate failed to advance the crypto market structure bill known as the "Clear Act" this week with a 49-50 vote, with Democrats voting as a bloc against it and Republican Senators Collins, Hawley, and Moran joining the opposition. Following the setback, the focus of crypto regulation shifted from Congress to regulatory agencies: the SEC subsequently issued innovation exemption measures, paving a limited pathway for on-chain trading of tokenized US stocks, while the CFTC adopted a no-action stance regarding passive software providers and submitted a broader proposal for crypto market rulemaking to the White House. Meanwhile, Visa announced the closure of a loophole that allowed purchasing memecoins with credit cards in exchange for standard loyalty points, with related processors granted a grace period expected to expire next week. Some Democratic senators involved in the negotiations stated that the "Clear Act" is not "dead," with efforts to restart talks still underway.
Revolut Responds to Multiple Extortion Attempts: No Direct Contact Received, Italian Authorities Have Intervened
Odaily News: Following a customer data breach at Revolut, multiple hacker groups have publicly demanded ransom. A group calling itself "IAmNotAVillain" demanded that Revolut pay 6,000 Monero (XMR, approximately $3 million) within 24 hours, or it would sell customer data to other criminal organizations; another group, "Revolut Smilik," had earlier demanded 10,000 Bitcoin (approximately $780 million).In response, a Revolut spokesperson stated that the company has not received any direct contact or extortion demands from any of the aforementioned individuals or organizations. Meanwhile, Italy's Anti-Mafia and Anti-Terrorism Directorate has launched an investigation, with Italian prosecutors investigating unauthorized access to government computer systems, and Italy's privacy regulator has also asked banks to urgently review the security of their access systems. (Cointelegraph)
Liquid Network Releases Emergency Fix: Elements v23.3.4 Patches Proof Validation Cache Vulnerability
Odaily News: Liquid Network announced that the emergency release Elements v23.3.4 is now live, with Functionary nodes having immediately begun upgrades. All Liquid node operators are advised to update accordingly. This release addresses a previously identified Proof validation cache vulnerability by strengthening the cache keys used for Range Proofs.Regarding network recovery, Blockstream stated that a recovery plan is still being formulated, expected to proceed in three phases: **resume block production while continuing to pause Peg operations; replay verified valid transactions; restore Peg operations after the network state is fully recovered and fund returns are confirmed.** Currently, the first two phases are being tested in parallel, and any phase will only advance once confirmed secure.Liquid Network stated that Elements v23.3.4 has undergone multiple rounds of internal and external reviews, with participants including the Bitcoin Red Team, Alpen Labs, and other teams. Meanwhile, Liquid Network reminds users to be wary of fake upgrade websites exploiting this incident for scams. Information should only be obtained through official Liquid Network and Blockstream channels, and users should never send funds to strangers or disclose private keys or seed phrases.
Korea National Tax Service Plans to Introduce Blockchain Tracking Program to Plug Tax Loopholes on Crypto Assets in Personal Wallets
According to Digital Asset, South Korea's National Tax Service stated that it will introduce commercial blockchain tracking software used by domestic and international law enforcement agencies, including prosecutors, police, and the IRS, to track and analyze transfers between digital asset wallets in order to prevent tax loopholes arising from personal wallets. Meanwhile, regarding tax oversight of overseas exchanges, South Korea will address this through the Crypto-Asset Reporting Framework (CARF). Taking effect in 2028, CARF will cover transaction information from 2027, aligning with the timeline of the domestic digital asset income tax, which will be levied starting in 2027 with declarations due in May 2028, thereby achieving effective tax coverage of overseas holdings.
SafePal Updates Security Incident Progress: Launches Anti-Phishing Initiative, Will Commission Third-Party Agency to Review Order System
Odaily News: Cryptocurrency wallet project SafePal has released an update on the security incident, stating that it is continuously tracking phishing websites and impersonating accounts. The company plans to bring in a professional anti-phishing security firm to expedite the takedown of malicious information, aiming to protect user asset security.SafePal stated that it is currently in the final selection process among 4 professional anti-phishing security firms. Once a partner is chosen, it will further enhance the efficiency of handling threats such as imitation websites and fraudulent accounts. The team is also continuously monitoring whether affected data has been sold or made public, including channels such as dark web forums and trading markets. In the event that any signs of data leakage are detected, affected users will receive risk alerts as a top priority.In terms of security auditing, SafePal stated that it is making a final selection among 3 established independent security agencies, which will conduct a comprehensive security review of the order system. Meanwhile, the team is re-evaluating the order and logistics processes to reduce the scale of data that needs to be stored during the initial phase of the system, thereby lowering potential risks at the source.For affected users, SafePal stated that it will continue to provide one-on-one assistance through official support channels and will keep updating its fraud prevention page with event progress, frequently asked questions, and analysis of scam cases.SafePal once again reminds users: The official team will never ask users for their Seed Phrase. Users should not disclose their seed phrase to anyone, should not scan unknown QR codes or click on suspicious links, and should verify information sources through official channels.
Galaxy Research Head: Coldcard Incident Shakes Bitcoin Community, Signaling a Turning Point in Security Philosophy
Odaily News, Galaxy Research Head Alex Thorn stated on the X platform that attacks exploiting the Coldcard hardware wallet vulnerability have noticeably declined, but cumulative losses continue to rise as more victims come forward. The impact of this incident on the Bitcoin community is significant, as the victims are primarily long-term BTC holders who adhered to self-custody cold storage principles, rather than those who lost assets due to high-risk trading or DeFi activities.At a scale of $112 million, this incident ranks among the top 20 largest hacks in crypto history and is one of the most severe security breaches in the hardware wallet self-custody sector to date. Bitcoin culture may be entering a new phase—the era of relying solely on ideological advocacy and extreme self-custody promotion is coming to an end. The community needs to place greater emphasis on technical security, lower the barrier to entry for users, and avoid simply shifting the burden of security responsibility onto ordinary users. This crisis may ultimately drive the Bitcoin ecosystem to establish a more mature security framework.Galaxy Research has directly contacted 190 victims and has confirmed with high confidence that the exploit has led to the theft of 1,778.84 BTC (approximately $112.7 million) from over 8,600 addresses. This tally does not yet include certain moderately credible suspicious attack records, such as the unconfirmed "Wave 4." If these potential attack scopes are incorporated, total losses could expand to 2,417.35 BTC (approximately $153 million).Meanwhile, the incident is reshaping market perceptions of self-custody security. Galaxy noted that multisig wallets have emerged as the "winners" of this event, with no stolen transactions traced to multisig wallets so far. Multisig service providers including Casa, Unchained, Nunchuk, and Anchorwatch have all observed a notable increase in user registrations and BTC inflows.
Gate Launches Gate Money at TOKEN2049, Connecting Digital Assets, Stocks, Payments, and Asset Management Services
Odaily News: On October 7, Gate founder and CEO Dr. Han officially announced the launch of Gate Money during a keynote speech at TOKEN2049. Centered on the core concept of "One Gate, Everything Money," Gate Money leverages Gate's established diversified financial service capabilities to build a globally integrated financial services application, connecting digital assets, fiat currencies, stocks, ETFs, gold, bank accounts, payments, and asset management services into a single account, covering scenarios including asset holding, receiving funds, transfers, payments, exchanges, and yield. Users can experience Gate Money by updating the Gate App to version v8.39.0.Gate Money supports users in managing multiple fiat currencies and digital assets under a single account, and provides fiat and on-chain deposits, withdrawals, transfers, and other functions. Eligible users can also upgrade to obtain a bank account in their own name for receiving funds and withdrawals. Meanwhile, Gate Money supports using different types of assets in the account, including stocks, for daily payment and spending. Gate Card supports online and offline purchases using fiat currencies or digital assets, and can be linked to digital wallets such as Apple Pay and Google Pay. Convert supports asset exchanges, while Earn offers yield products, with balances in assets such as USDT able to earn up to 3.6% yield with no lock-up required.The launch of Gate Money further connects asset management, fund circulation, and daily payment scenarios, extending Gate's financial services from digital asset trading and asset management toward more fund and consumption needs. In the future, Gate will continue to expand asset categories, payment methods, and financial service capabilities, further enriching Gate Money's products and application scenarios.
Canary Capital plans to launch staking INJ ETF, Injective Foundation initiates ecosystem support program
Canary Capital has stated its proposed staking Injective ETF is "coming soon," with the ticker INJC. The product will provide staking yield-related exposure around the INJ token.Meanwhile, the Injective Foundation announced the launch of the Trench Treasury program, aimed at supporting ecosystem projects built on INJ and rewarding community members. The program will further drive the development of the Injective ecosystem. (The Block)
Gate Europe Recognized as a Preferred Platform for Low-Cost Spot Trading and EUR On-Ramp in Europe, with Dual MiCA and PI License Compliance
Odaily News — According to a recently published guide to European crypto trading platforms, Gate Europe has been named one of the European platforms suited for low-cost spot trading and EUR fiat on-ramp. The platform has obtained MiCA authorization from the Malta Financial Services Authority (MFSA), offers a standard spot trading fee of 0.1%, and supports EUR funding via SEPA bank transfers. In terms of user coverage, Gate Europe can accommodate the trading needs of users ranging from beginners to advanced traders, with strong suitability for spot trading users; in response to European users' asset migration needs, the platform also supports migration from USDT to USDC. BeInCrypto previously included Gate Europe in its guide to MiCA-licensed platforms, and continues to follow its regulatory progress and service capabilities in the European market.Currently, Gate Europe has taken the lead in obtaining the EU's Markets in Crypto-Assets Regulation (MiCA) license and a Payment Institution (PI) license, continuously strengthening its compliance foundation in the European market. Meanwhile, Gate Connect, Gate Card, and related support systems have completed PCI DSS v4.0.1 Level 1 compliance assessment. Against the backdrop of the full implementation of the MiCA regulatory framework and European users' growing attention to legal entities, scope of authorization, and fiat channels, Gate Europe is leveraging its compliance credentials to provide European users with a more comprehensive digital asset trading and fund services experience. (BeInCrypto)
Gate Lists Concrete (CT), Spot and Flash Swap Trading Now Open with 1,000,000 CT Launchpool Airdrop
Odaily News: According to official sources, Gate has listed Concrete (CT), with CT/USDT spot trading opening at 18:00 (UTC+8) on September 30, and flash swap trading opening at 19:00 (UTC+8).Concrete is a full-stack institutional-grade operating system for on-chain finance, covering the underlying infrastructure from crypto assets to real-world assets (RWAs), providing unified technical support for on-chain financial scenarios including treasury, strategies, custody, risk control, and distribution.Meanwhile, Gate Launchpool Round 381 for Concrete (CT) officially commenced at 22:00 (UTC+8) on September 30 and will run until 22:00 on October 21. The event offers a total of 1,000,000 CT in airdrop rewards. Users can stake USDT, GT, or CT to participate, with the USDT pool offering 600,000 CT in rewards, and the GT pool and CT pool each offering 200,000 CT. Airdrop rewards will be automatically distributed to spot accounts on an hourly basis proportional to staking share. According to the current event page, the estimated APR for the USDT, CT, and GT pools is 104.29%, 69.52%, and 6.25% respectively. Actual yields will vary dynamically based on participation.
OpenAI Annual Revenue Nears $70 Billion, Nvidia Seeks Chip Financing
OpenAI launches the GPT-6.1 Sol model and Dots autonomous agents, with annual recurring revenue nearing $70 billion. Meanwhile, NVIDIA seeks insurers to help share financing risks for AI chips, while India plans to invest $25 billion to support domestic deep tech startups.
Bitget launches multiple high-yield earning campaigns, with USDT and USDGO offering up to 12% APR.
Bitget has launched multiple wealth management and reward campaigns. During the campaign period, users can subscribe to USDT and USDGO flexible earn products via "Simple Earn" to enjoy an APR of 10% for USDT and 12% for USDGO. The participation window runs from 22:00 on September 29 to 21:59 on October 9 (UTC+8). Meanwhile, Bitget has introduced the USDGO HodlerYield position reward campaign. Users holding USDGO in their Unified, Spot, or Futures accounts will automatically enjoy time-limited boosted yields of up to 8% APR without needing to register. Additionally, Bitget PoolX has simultaneously launched BTC and ETH staking events: participants in the BTC staking campaign can share a total pool of 100,000 BGB, while participants in the ETH staking campaign can share 500,000 USDT. Please refer to the official Bitget campaign page for full details.
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BlackRock IBIT ETF bought and received 1,426.47 BTC, worth $119 million; Wintermute sold 619.59 BTC, worth $51.7 million
according to Onchain Lens monitoring, Wintermute sold 619.59 BTC through Binance, worth $51.7 million. Meanwhile, BlackRock's IBIT ETF bought and received 1,426.47 BTC from Coinbase Prime, worth $119 million.
Gate Launches Gate Money at TOKEN2049, Connecting Digital Assets, Stocks, Payments, and Asset Management Services
Odaily News: On October 7, Gate founder and CEO Dr. Han officially announced the launch of Gate Money during a keynote speech at TOKEN2049. Centered on the core concept of "One Gate, Everything Money," Gate Money leverages Gate's established diversified financial service capabilities to build a globally integrated financial services application, connecting digital assets, fiat currencies, stocks, ETFs, gold, bank accounts, payments, and asset management services into a single account, covering scenarios including asset holding, receiving funds, transfers, payments, exchanges, and yield. Users can experience Gate Money by updating the Gate App to version v8.39.0.Gate Money supports users in managing multiple fiat currencies and digital assets under a single account, and provides fiat and on-chain deposits, withdrawals, transfers, and other functions. Eligible users can also upgrade to obtain a bank account in their own name for receiving funds and withdrawals. Meanwhile, Gate Money supports using different types of assets in the account, including stocks, for daily payment and spending. Gate Card supports online and offline purchases using fiat currencies or digital assets, and can be linked to digital wallets such as Apple Pay and Google Pay. Convert supports asset exchanges, while Earn offers yield products, with balances in assets such as USDT able to earn up to 3.6% yield with no lock-up required.The launch of Gate Money further connects asset management, fund circulation, and daily payment scenarios, extending Gate's financial services from digital asset trading and asset management toward more fund and consumption needs. In the future, Gate will continue to expand asset categories, payment methods, and financial service capabilities, further enriching Gate Money's products and application scenarios.
Analysts: Bitcoin Falls Below $84,000 in Short-Term Trading as Long Liquidations and Aggressive Selling Dominate
CryptoQuant analyst Axel Adler Jr. stated that Bitcoin dropped from $85,500 to $83,900 before making a slight recovery to $84,100. This decline was accompanied by dominance from active sell orders and the forced liquidation of long positions. Data shows that the Taker Order Pressure Oscillator fell to -4.9 before rebounding to -3.1, indicating easing active sell-side pressure while bearish dominance persisted. Meanwhile, the Liquidation Pressure Oscillator declined from -11 to -78, reflecting that long liquidations were in control. The analysis notes that if Bitcoin's price remains below $83,900 and both indicators stay significantly negative, the asset could face more persistent selling pressure risk.
Analysis: Bitcoin Breaks Below $84,000 "Shorts' Victory" Price Level as Risk-Off Sentiment Intensifies
According to CoinDesk, Bitcoin briefly dipped below the key $84,000 level previously watched by the market, likely driven by Iran escalating attacks on oil tankers in the Strait of Hormuz which heightened risk-off sentiment, before rebounding above $84,200. Meanwhile, the U.S. dollar and Treasury yields rose as major cryptocurrency assets fell broadly, with DOGE down around 5%, HYPE down nearly 4%, ETH down approximately 3.5%, and XRP down close to 3%.
Analysis: Bitcoin Fails Third Attempt to Break $87,000, Breakout Requires Stronger Buying Pressure
Odaily News: Bitcoin is facing selling pressure, marking its third rejection near $87,000 since September 23. FxPro analyst Alex Kuptsikevich noted that since early last week, BTC has formed a pattern of "rising local lows," but bulls have yet to gain sufficient upward momentum. The price is now approaching the apex of a triangle formed by horizontal resistance and an ascending support line. A breakout from this pattern could bring greater volatility to the market.The total crypto market capitalization has fallen back to approximately $2.93 trillion. Meanwhile, U.S. equities have shown relative strength, with the Nasdaq 100 hitting a record closing high and the S&P 500 less than 0.5% away from its all-time high. However, U.S. Treasury yields continue to climb, with the 10-year yield rising to 5.32%, near its highest level since 2002.Market observers believe that for BTC to break through $87,000, sufficient buying pressure is needed to absorb the persistent selling near that level. Once it holds above this threshold, it could open further upside toward its near 8-month high. (CoinDesk)
LayerZero buys another $347K worth of ZRO, token price approaches $3 resistance level
Odaily reports, according to Arkham monitoring, LayerZero has once again purchased over 162,000 ZRO tokens, worth approximately $347,000, bringing its cumulative buyback total to 2.538 million tokens, valued at approximately $5.4 million.Meanwhile, the ZRO price has risen above $2.13 and is approaching the $3 resistance level. LayerZero co-founder Bryan Pellegrino has previously expressed optimism about ZRO's long-term development on multiple occasions, and this buyback has further sparked community attention.