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Gate Update: From The Singapore Grand Prix To Stock Event Contracts, A Week Of Racing And Record Rewards

Gate Update: From The Singapore Grand Prix To Stock Event Contracts, A Week Of Racing And Record Rewards
Gate Update: From The Singapore Grand Prix To Stock Event Contracts, A Week Of Racing And Record Rewards

Gate’s week started on the grid in Singapore and ends with greater prizes forward. At the 2026 Formula 1 Singapore Grand Prix, Gate hosted VIP hospitality from October 9 to 11 as an official sponsor and long-standing accomplice of Oracle Red Bull Racing. Dozens of worldwide shoppers, key companions and particular company watched from the Paddock Club suites as Max Verstappen began from pole and gained the race. Gate’s branding appeared on the automotive’s wings and nostril, the drivers’ helmets and the staff’s race fits. The weekend adopted a TOKEN2049 Singapore programme that included a handprint ceremony with Verstappen and Isack Hadjar, and the “RACING THE FUTURE Vol 3” occasion with Team Principal Laurent Mekies.

The subsequent problem is on the buying and selling facet. Gate WCTC S9 drew over 21,000 registrations and a pair of,454 squads in its first 24 hours. Its tremendous prize pool of as much as 6,000,000 USDT unlocks as extra eligible merchants be part of, and the competitors spans Spot, ETF, Convert, Stocks, Futures and TradFi. It runs from October 26 to November 25 (08:00 UTC), with as much as 3,200,000 USDT for squads and as much as 400,000 USDT for people. Before that, Gate’s Event Contracts buying and selling occasion runs from October 11 to October 21 (00:00 UTC). It rewards new customers, day by day merchants and prime rivals, with the winner eligible for as much as 2,200 USDT. The occasion additionally highlights Gate’s place as the primary platform to supply Stock Event Contracts, extending short-term Up/Down trades from crypto to conventional equities.

Here is the remainder of the week’s information.

Market Position

Gate’s numbers held up effectively. DefiLlama knowledge exhibits Gate among the many prime three centralized exchanges by 24-hour internet inflows, at $29.42 million, behind Binance ($359.27 million) and Bitstamp ($32 million). DefiLlama additionally places Gate’s 24-hour futures open curiosity at about $14.1 billion, once more within the international prime three.

New Listings and Rewards

Gate is the primary alternate to listing Incentiv (CENT), an EVM-compatible Layer 1 blockchain secured by Proof-of-Work. CENT/USDT spot buying and selling opens at 09:00 UTC on October 12, with Convert following at 10:00 UTC. HODLer Airdrop Phase 343 provides 34,482,759 CENT, absolutely unlocked, to customers who’ve accomplished Identity Verification and maintain no less than 1 GT, with rewards primarily based on every person’s share of GT holdings on the snapshot. Incentiv provides account abstraction, versatile community payment cost and a local DEX, and it’s increasing into AI Agent use instances.

Futures merchants additionally get a brand new spherical of rewards. Gate Futures Points Airdrop Round 153 runs from 10:00 to fifteen:59 UTC on October 12, first come, first served. Pool 1 requires a steadiness assembly a threshold of 120–90 factors (reducing) and 15 factors to redeem 0.013 SPYG. Pool 2 requires no less than 40 factors and 20 factors to redeem a 100 USDT place voucher.

Stocks and Tokenized Securities

Gate’s inventory choices drew consideration this week. Tesla (TSLA) closed at $382.70 (+2.05%) and SpaceX (SPCX) at $162.57 (+1.24%). According to CoinGlass, 24-hour open curiosity in Gate’s SPCX perpetual futures reached $148 million, among the many prime two within the {industry}. TSLA perpetuals reached $19.81 million, among the many prime three. Gate Futures Stock now covers equities within the U.S., Hong Kong, Korea and Japan, with leverage as much as 75x. Its new Innovation Section launches with 40 common inventory perpetuals, together with CXMT, Unitree Robotics and CATL.

On Gate gStocks, tech and power property led the positive aspects. AXT Inc. (AXTIG) rose 2.70% to $69.32, Lumentum (LITEG) gained 2.40% to $1,115.14 and Chevron (CVXG) added 2.30% to $211.45. gStocks tokens are backed 1:1 by underlying shares, commerce 24/7, assist fractional investing from 1 USDT and sit inside a unified account.

Gate additionally accomplished money dividend distributions for 145 U.S. shares and ETFs, together with TSM, MRK, CRM, MO, QQQ and NXPI. The dividends lined cost dates from October 5 to 9, have been settled mechanically in USDT primarily based on customers’ holdings and required no motion from customers.

Prediction Markets

Gate Prediction Markets can be lively because the European soccer season heats up. The Season 8 “Crypto Prophet” marketing campaign, a part of WCTC S9, has a complete prize pool of 64,522 USDT, made up of an 18,876 USDT factors pool and a forty five,655 USDT fortunate prize pool. The top-ranked participant’s estimated reward is 7,078 USDT. Market-implied possibilities for the October 12 fixtures are:

  • Atalanta vs. Venezia (16:30 UTC): Atalanta 64%, Venezia 16%, draw 22%.
  • Coventry City vs. Newcastle United (19:00 UTC): Newcastle 45%, Coventry 30%, draw 28%.
  • Levante vs. Sevilla (19:00 UTC): Levante 36%, Sevilla 35%, draw 30%.

Gate Ventures Recognized at Gate Gala 2026

At Gate Gala 2026 throughout TOKEN2049 Singapore, Gate Ventures introduced three annual awards. BNY Investments gained Strategic Partner of the Year, 3F Labs gained the Innovation Excellence Award and Mesh gained the Best Market Impact Award. Gate Ventures mentioned it can maintain deepening cross-industry collaboration and backing innovation in digital finance.

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