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Gate Update: Gate Money Strategy, Stock-Futures Gains and Stablecoin Push Define Exchange’s Week

Gate Update: Gate Money Strategy, Stock-Futures Gains and Stablecoin Push Define Exchange’s Week
Gate Update: Gate Money Strategy, Stock-Futures Gains and Stablecoin Push Define Exchange’s Week

Gate’s newest bulletins present an change attempting to current itself as a multi-asset monetary platform. In an interview with Bitcoin.com, founder and CEO Dr. Han described Gate Money, launched on Oct. 7, as a single account for fiat, crypto, gold, ETFs and greater than 12,800 world shares. Under that mannequin, the required asset is transformed to fiat on the level of sale, so capital stays invested till the second it’s spent. Gate says the platform serves over 61 million customers in 130+ nations and areas.

The market information factors the identical approach. As Japanese and South Korean equities offered off, with the Nikkei 225 down 4.90% to 64,425.95 and the KOSPI down 7.56% to five,554.27, Gate reported second-place world rankings in open curiosity for 2 memory-sector inventory derivatives. According to CoinGlass, SK Hynix stood at 147,300 models (15.8% of the worldwide market) and SanDisk at 108,900 models (18.15%).

Gate US additionally joined Open Standard, a gaggle of greater than 200 companions, together with Visa, Mastercard, Stripe, Coinbase and Shopify, that’s engaged on interoperable stablecoin infrastructure. Gate US holds 37 state-level Money Transmitter Licenses and serves clients throughout 47 U.S. states and territories.

This version of Gate Update appears at how the Gate Money technique was introduced throughout the week’s interviews, how the change’s derivatives positioning appears towards market circumstances, and which listings and campaigns at the moment are operating.

Gate Money: The Strategy Across Several Platforms

Gate’s management mentioned the Gate Money technique in a number of retailers this week. At TOKEN2049 Singapore, Executive Director Edwin Cheung informed AlphaWire that funds are a key near-term progress space, serving people and companies with on a regular basis monetary wants past buying and selling. Gate Money lets customers open a worldwide digital checking account in their very own identify by means of the Gate App. As the rollout continues, they’re additionally to obtain funds in additional than 60 native currencies.

Cheung mentioned stablecoins can scale back the variety of correspondent banks in cross-border transfers and enhance the transparency of fund actions. He expects them to coexist with financial institution transfers, immediate funds and QR-code funds. For institutional purchasers, he pointed to liquidity and counterparty danger as the primary considerations. Gate’s OES off-exchange settlement lets establishments maintain belongings with third-party custodians whereas nonetheless accessing Gate’s liquidity and buying and selling companies, and proof of reserves provides asset transparency. In his view, licenses, danger administration and cooperation with regulators will underpin progress.

On Oct. 15, Dr. Han took half in a CoinMarketCap AMA below the theme “One Gate, Everything Money.” He mentioned the way forward for digital finance lies in connecting belongings, cash and funds quite than merely providing extra asset decisions. Gate says its inventory buying and selling system now helps greater than 12,800 shares and ETFs throughout the US, Hong Kong, South Korea and Japan. The dialogue additionally coated how actual shares, tokenized shares and inventory perpetual futures differ, and the position of stablecoins and tokenization in cross-border transfers and on-chain settlement. Users in eligible areas can open an digital checking account and use Gate Card for on-line and offline funds in fiat or digital belongings. Gate says it can maintain increasing the asset courses and cost strategies Gate Money helps.

In a separate interview with TechFlow, Dr. Han mirrored on the corporate’s 13-year historical past and described on a regular basis monetary companies as its subsequent progress part. On competitors, he argued that complete monetary companies rely much less on including merchandise than on localized experiences, monetary infrastructure and institutional partnerships. He additionally mentioned platforms must be clear about yield sources and danger profiles, which range throughout asset courses. He expects AI to decrease the barrier to monetary companies and enhance capital effectivity.

Market Conditions and Derivatives Positioning

Gate’s institutional weekly report describes a troublesome week for crypto. Resilient U.S. information and elevated oil costs pushed the 10-year Treasury yield to a high of 5.36%, whereas U.S. equities rose on AI optimism. Crypto weakened amid high charges, ETF redemptions and deleveraging. BTC fell 3.31% and ETH greater than 7%, and spot BTC and ETH ETFs recorded web outflows of about $679 million and $542 million. On-chain liquidity contracted as properly: stablecoin provide fell by roughly $900 million and excellent Aave loans dropped 4.3%.

BTC open curiosity declined 2.46%, and possibility skews turned unfavorable throughout all tenors, which the report reads as a defensive stance amongst establishments. Gate TradFi logged roughly $90 billion in weekly quantity, concentrated in indices, ETFs and U.S. equities. Gate says it’s responding with a broader multi-asset suite overlaying spot, futures, shares, ETFs and choices, supported by OES and CrossEx infrastructure.

Prices moved increased on Oct. 16, based on CoinGlass. BTC traded close to $81,804.8 (+1.21% over 24 hours) and ETH close to $2,426.43 (+2.91%). BTC futures quantity was about $68.649 billion (−7.69%) and ETH futures quantity about $45.335 billion (−19.73%). Gate recorded roughly $7.47 billion in BTC futures quantity and $6.58 billion in ETH futures quantity, a top-three place for each belongings.

CoinGecko information on 24-hour open curiosity ranks Binance first at $33.457 billion, Hyperliquid second at $15.430 billion and Gate third at $13.471 billion amongst world derivatives exchanges.

Stock derivatives are the place Gate is displaying probably the most momentum. CoinGlass information locations it second in inventory futures behind Binance, with open curiosity of $144 million in SPCX (14.65% share) and $143 million in SOXL (23.92%), alongside the SK Hynix and SanDisk rankings above. Gate Stock Futures now cowl greater than 450 underlying shares throughout the U.S., Hong Kong, Korea and Japan. A brand new Innovation Section presents as much as 75x leverage and launched with 40 contracts, together with CXMT, Unitree Robotics and CATL.

Gate additionally launched pre-market perpetual futures for JIOUSDT (Jio Platforms) in its Stocks part. The contract is USDT-settled, helps lengthy and quick positions with 1–10x leverage, and is supposed to assist worth discovery earlier than an IPO, since Jio Platforms shouldn’t be but publicly listed. Gate says its Stocks part now presents futures on 476 shares in complete.

New Listing and Campaigns

NeoSoul (DNA) itemizing. Gate opened spot and convert buying and selling for NeoSoul at 11:00 UTC on Oct. 16. The mission is constructing an working system for the AI Agent Economy, with NeoTrade as its execution layer for buying and selling brokers. Two campaigns share a 3.8 million DNA pool:

  • The 383rd Launchpool runs from Oct. 16 to Nov. 6 (11:00 UTC). Users stake BTC, ETH or DNA to share 2.8 million DNA, with hourly distribution and immediate unlocking.
  • The 187th SweetDrop runs from Oct. 16 to Oct. 30 (12:00 UTC) with a 1 million DNA pool. It has three tracks: First Spot Trade (minimal 1,000 USDT quantity), Daily Trade Check-in (1,500 USDT day by day quantity) and Friend Referrals (invitees with 500 USDT quantity). Registration and id verification are required.

WCTC S9. Registrations opened on Oct. 9 and have handed 40,000, with greater than 5,000 squads shaped. The WCTC Lucky Launchpad has distributed over 100,000 USDT in rewards. The prize pool reaches as much as 6 million USDT, together with 3.2 million USDT for squads and 400,000 USDT for people. Tracks cowl Spot, ETF, Convert, Stocks, Futures and TradFi, plus a BTC/USDT Event Contracts Battle. A primary stay stream was scheduled for 12:00 UTC, and the competitors begins on Oct. 26 at 08:00 UTC.

SK Hynix & Samsung futures competitors. The 50,000 USDT occasion runs from Oct. 13 to Oct. 22 (08:00 UTC), with particular person rewards of as much as 240 USDT. Gate is providing these incentives:

  • First-time futures merchants obtain a 5 USDT bonus at 5,000 USDT cumulative quantity.
  • A day by day check-in pays 5 USDT for five,000 USDT day by day quantity, capped at 35 USDT per person (10,000 USDT pool, first come, first served).
  • Users with no less than 10,000 USDT cumulative quantity share a 30,000 USDT pool, capped at 200 USDT every.
  • Volume within the specified SK Hynix and Samsung Electronics shares counts at a 1.2x multiplier.

Trenches Hot Tokens Competition, Phase 66. From Oct. 15 to Oct. 19 (08:00 UTC), customers buying and selling designated tokens share a 30,000 USDT airdrop pool. The tokens are PONS, HOOKR, CASHCAT, STANDARD, AI and DELTA on Robinhood Chain, STONK on Solana and QQQB on BSC. Robinhood Chain belongings additionally carry zero gasoline charges for a restricted time. Rewards are available in three tiers of 10,000 USDT every:

  • The first 3,300 customers reaching 500 USDT in quantity obtain a $3 token reward.
  • Users reaching 5,000 USDT share the pool in proportion to quantity.
  • New Trenches customers reaching 100 USDT obtain a ten USDT charge rebate voucher.

Futures Points Airdrop, Phase 155. Redemption is open from 10:00 to fifteen:59 UTC on Oct. 16, first come, first served. In Pool 1, customers can redeem 15 Futures Points for 0.031 AAPLG. In Pool 2, customers with no less than 40 factors can redeem 20 factors for a 100 USDT place voucher. Rewards are anticipated to be credited inside about an hour.

The submit Gate Update: Gate Money Strategy, Stock-Futures Gains and Stablecoin Push Define Exchange’s Week appeared first on Metaverse Post.

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