News linked to both this project and an event.
Odaily reports: According to data from prediction market platform Kalshi, traders assign a 75% probability that the number of AI data centers planned or already in operation globally will exceed 5,100 by 2027, up from 60% two weeks ago. The prediction contract will be verified by data center tracking platform Data Center Map.According to Data Center Map, the United States currently has more than 4,700 data centers in operation or in planning, with Virginia leading at over 670, followed by Texas and California with more than 537 and 200 respectively. Meanwhile, the expansion of AI data centers has also sparked opposition from some communities, with residents concerned that projects could drive up local electricity costs and increase water consumption. (CNBC)
CryptoQuant analyst Darkfost stated that the cryptocurrency market has recently entered a short-term correction phase, with the total market capitalization of altcoins excluding Bitcoin (Total2) shrinking by over $110 billion within three days; Ethereum (ETH) alone fell by 11%, erasing more than $38 billion in market value. Despite the price pullback, investors continue to accumulate and withdraw Ethereum. During this period, ETH reserves on Binance dropped from 3.57 million coins to 3.47 million coins, reaching a six-month low—a decrease of nearly 11.5% compared to the 3.92 million coins held in August. Meanwhile, withdrawal activity on the Binance platform surged significantly, with over 320,000 ETH withdrawal transactions recorded on October 6 alone, setting a new all-time high.
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.
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.
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)
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.
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 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.
Odaily Report: Renowned trader Doctor Profit posted on X platform stating that due to the current excessive leverage in the altcoin market, altcoin spot trading volume has now reached 4 times that of Bitcoin, indicating an overheated market condition. As a result, he chose to take profits and exit his altcoin positions. His ONDO holdings were sold at a 73% profit, while he also exited HBAR and XRP with minor gains. At this stage, he has no intention of buying altcoins in the current environment and expects the market to be on the verge of a correction.Doctor Profit previously predicted a rise to $88,000 when Bitcoin's price dropped to $60,000. Now after the rally, he expects Bitcoin may pull back to $79,000. He revealed that he had already shorted BTC at the $86,200 level and set additional short orders in the $86,500 to $89,500 range. Meanwhile, his BTC positions as well as his ETH, CRCL, and COIN positions in the "Galactic Three" portfolio remain unchanged.
Crypto analyst AI stated in a post that Cardano (ADA) futures demand is cooling, with open interest declining by 9% over the past week from $1.99 billion to $1.81 billion, indicating traders are reducing leveraged exposure. Meanwhile, whales also appear to be taking profits, having reduced their holdings by approximately 90 million ADA valued at roughly $22.5 million since September 20, further adding to recent selling pressure. AI further noted that the ADA daily chart generated a sell signal on September 26, followed by a 10% drop, suggesting the pullback may not be over yet. A parallel channel on the daily chart shows that $0.24 is a key mid-level support level; if breached, ADA could slide further toward the channel's lower boundary at approximately $0.21. If $0.21 holds, it could present the next buying opportunity, with upside targets looking toward the channel's upper boundary at around $0.28.
Odaily reports: CryptoQuant on-chain analyst Darkfost stated that Bitcoin (BTC) is currently clearly dominated by futures trading, with the ratio of Binance spot-to-futures trading volume at approximately 0.12, meaning futures account for roughly 90% of trading volume. Meanwhile, Binance BTC open interest fell from $10.6 billion to $9.2 billion over the past week, but spot demand remains weak, preventing the ratio from improving.Darkfost noted that the current rally is primarily driven by the futures market, and spot buying remains the missing piece. If spot demand fails to follow through, this rally could become unstable.
according to an official announcement, the second phase of the limited-time Gate Simple Earn × Earn campaign is now live. From September 28, 07:00 to October 28, 07:00 (UTC+8), users who meet the specified net deposit requirements and activate Simple Earn can receive up to an additional 2% bonus APY on top of the base yield; those with cumulative net deposits reaching 50,000 USDT can enjoy a blended APY of 5% on up to 50,000 USDT of eligible holdings.Meanwhile, from September 28, 16:00 to October 28, 16:00 (UTC+8), VIP 3–VIP 14 users who make cumulative net deposits of 100,000 USDT and subscribe to the Earn USDT 7-day fixed-term product can receive an additional 7.3% bonus APY on top of the 3.7% base APY, enjoying a blended APY of 11% on up to 100,000 USDT of subscribed principal. This campaign enriches Gate's stablecoin wealth management offerings, providing users with different capital sizes and trading needs more flexible yield options.
CryptoQuant analyst nocoffeenobrain stated that crypto market sentiment has undergone a significant shift, with the Fear and Greed Index rapidly climbing from around 30 in August to the current 74. Meanwhile, BTC dominance has dropped to 53.8% and continues its downward trend. Historical data shows that when the sentiment index rises while Bitcoin's dominance remains flat or declines, market capital and momentum tend to flow into sectors outside of Bitcoin;
Crypto analyst Ali posted on X that Dogecoin has reached a key resistance zone around $0.098, with roughly 28 billion DOGE previously traded near this level. Meanwhile, whales continue to accumulate. Over the past 96 hours, large holders have cumulatively purchased over 1.14 billion DOGE, valued at approximately $112 million. Ali added that whales appear to be positioning for a DOGE breakout above the current resistance level.
Odaily News: On-chain analyst Darkfost posted on X stating that since June 2026, the total market capitalization of altcoins (Total2), including ETH, has attracted over $371 billion in cumulative capital inflows, representing an increase of approximately 45%. Meanwhile, about 87% of altcoins on Binance have now reclaimed their 200-day moving average, whereas in August of this year, approximately 80% of altcoins were still trading below this moving average.Darkfost believes this reflects a clear recent concentration of capital into altcoins, while market sentiment has shown signs of overheating to some degree, and it remains to be seen whether the momentum can be sustained going forward.
CryptoQuant analyst Julio Moreno posted that after the recent rally, Bitcoin's unrealized profit margin rose to 33%, the highest level since December 2024. Meanwhile, profit-taking reached 25,700 BTC, the highest level since 2026. In his view, these are typically signals that upward market momentum is weakening and facing pullback risk.
Odaily News: Bitcoin fell back to around $83,600 on Friday, down about 1% from the previous trading day, after briefly touching around $87,000, reaching that level for the first time in months. Market analysis suggests that the expiry of $1.56 billion in Bitcoin options on Deribit may have exacerbated short-term volatility, as market makers typically unwind their hedging positions after options expiry.Over the past 24 hours, BTC open interest and trading volume fell by 14.39% and 13.68% respectively, with long and short liquidations relatively balanced—long liquidations totaled $161.96 million and short liquidations $156.1 million—indicating that leveraged funds are readjusting. On the technical side, BTC's 50-day moving average remains above its 200-day moving average, forming a "golden cross," and the short-term trend is still viewed as relatively strong.Meanwhile, Bitcoin spot ETFs saw net inflows of $299.09 million on Friday, though this was lower than the single-day inflow levels seen earlier in the week. By contrast, XRP rose 4.37% over the past 24 hours and 15.45% over the past 7 days, currently trading at around $1.58; Solana rose 3.36% over the past 24 hours and 9.33% over the past 7 days, currently trading at around $119.84. The next macro data points the market is watching are the U.S. Personal Consumption Expenditures (PCE) inflation data due on September 30 and the September nonfarm payrolls report due on October 2. (Decrypt)
Odaily reports: Bitcoin has risen 44% this quarter to nearly $85,000, with some holders beginning to take profits. Bitfinex data shows that recent BTC holders have realized cumulative profits of approximately $2.4 billion, while during historical market tops, single-day realized profits typically reached $7–10 billion. Meanwhile, U.S. spot Bitcoin ETFs have seen cumulative net inflows of $2.84 billion over the past 6 trading days, exceeding holder realized profits during the same period, with cumulative net inflows approaching $800 million year-to-date. Bitfinex also noted that approximately 410,000 ETH flowed out of exchanges over the past month, and U.S. spot Ethereum ETFs attracted a cumulative $680 million over 4 consecutive trading days, indicating that strong capital support remains in the recent market. (CoinDesk)
crypto analyst Ali posted on X platform that over the past five days, XRP whales have accumulated more than 470 million XRP, worth approximately $724 million. Meanwhile, a "head and shoulders bottom" pattern continues to form on the XRP daily chart, and a bullish breakout may be approaching.
According to CoinDesk, bitcoin traded above $84,000 on Friday, essentially flat over the past 24 hours after briefly dipping below $84,000 on Wednesday. Most major tokens saw volatility of less than 2%, while ONDO rose 27% to around $0.54 and QNT gained 39% to near $100. Meanwhile, selling pressure in the US bond market has eased slightly, with the 10-year US Treasury yield retreating 2 basis points to 5.17% after climbing more than 20 basis points cumulatively over the previous two trading sessions. Brent crude oil fell about 1% to $105 per barrel as markets focused on reports that the US and Iran may reopen the Strait of Hormuz via a phased agreement. FxPro Chief Market Analyst Alex Kuptsikevich stated that Bitcoin's recent pullback is more of a temporary pause within an uptrend, noting that the current upward momentum has not yet ended. Even if BTC falls further to $70,000, it could exert significant pressure on short-term traders, but he believes it remains insufficient to disrupt the broader bullish trend. Additionally, Bitcoin is approaching Friday's Deribit options expiration. The current price sits below $85,000, which is one of the strike prices with a high concentration of call open interest in this expiry batch.