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Project Overview
Reach is a SocialFi collaboration platform designed for creators and contributors within the Web3 community. Reach enables anyone looking to promote their content to tap into a pool of engaged, verified, and audited user base, and remunerate them for their contribution to their network effects. Developed as a Discord Bot, it allows creators to easily set up missions to promote their content. Missions can be tailored by the target audience and consist of follows, likes, retweets, and comments on Tweets on the X.com platform. Certain missions also have a reward (ETH) attributed to them, which is selected, and funded by the creator, others have leaderboard points rewards, which can be used to purchase missions.
ARK Invest Releases Updated Tesla Valuation: Market Cap Could Reach $17.5 Trillion by 2031, with a Price Target of $4,400 per Share
ARK Invest has released an update to its open-source Tesla valuation model, projecting that Tesla will be worth approximately $4,400 per share by 2031. A Monte Carlo simulation based on 32 independent variables shows a bear case of around $3,300 per share and a bull case of around $5,000 per share, corresponding to annualized share price gains of 53% and 66%, respectively, with the base case implying an annualized return of approximately 62%.Under the base case, ARK Invest expects Tesla's total revenue to reach approximately $1.45 trillion by 2031, with EBITDA of about $902 billion and a market capitalization of approximately $17.5 trillion.To support the development of its AI and robotics businesses, the model also assumes that Tesla's cumulative AI infrastructure spending will increase from approximately $7 billion at the end of 2025 to approximately $225 billion by the end of 2031. Robotaxi is expected to become Tesla's primary source of value, contributing approximately 80% of enterprise value by 2031. The humanoid robot Optimus will also become an important growth engine, with Tesla's cumulative external sales of Optimus robots reaching approximately 1 million units by 2031, and revenue from robotics-as-a-service (RaaS) and related businesses amounting to approximately $212 billion.However, ARK Invest cautions that these valuations depend on multiple assumptions, including the pace of autonomous driving commercialization, the maturity of robotics technology, profit margins, and capital efficiency. Actual results may differ significantly from these projections. The model is for reference only and does not constitute investment advice.
Blockchain.com Seeks $500 Million IPO, Valuation Could Reach $6 Billion
According to Bloomberg reports, cryptocurrency service platform Blockchain.com plans to launch its initial public offering (IPO) this year, aiming to raise approximately $500 million.
Goldman Sachs: AI Infrastructure Spending by 5 Tech Giants Including Amazon, Microsoft, and Meta to Reach $800 Billion This Year
Goldman Sachs estimates AI infrastructure spending by Amazon, Google parent company Alphabet, Microsoft, Oracle, and Meta will reach $800 billion this year. Goldman Sachs notes that hyperscale cloud providers need approximately $300 billion in annual AI revenue to break even. However, rising financing demands and infrastructure constraints may weigh on the pace of future spending growth.
India Launches Demat 2.0 Pilot, Tokenized Corporate Bonds Reach $620 Billion
According to CoinDesk, India’s Securities and Exchange Board (SEBI) officially launched the Demat 2.0 pilot program this week, enabling corporate bonds to be issued as digital tokens on a distributed ledger and settled via the Reserve Bank of India’s (RBI) wholesale Digital Rupee. To date, state-owned power lender REC, engineering and construction giant Larsen & Toubro, and non-banking financial institution IIFL Finance have all successfully secured financing through the system, raising a combined total of over 1 billion rupees (approximately $114 million).
U.S. Department of Justice: Seized Hamas Cryptocurrency Fundraising Proceeds Reach $560,000
The U.S. Department of Justice announced that law enforcement agencies have seized over $560,000 in cryptocurrency funds to prevent them from reaching Hamas; simultaneously, the FBI has taken control of the relevant online fundraising websites.
Standard Chartered: RWA Tokenization Could Reach $4 Trillion, LINK May Rise to $200 by End of 2030
Odaily News: Standard Chartered Bank's Head of Global Digital Assets Research, Geoff Kendrick, stated that as the tokenization of Real World Assets (RWA) accelerates, the price of Chainlink (LINK) tokens could rise to $200 by the end of 2030, representing an increase of over 25 times from its current level of approximately $8.In his latest report, Kendrick predicts that the scale of tokenized RWA will reach $4 trillion by the end of 2028. As more traditional assets are brought on-chain, the demand for secure and reliable off-chain data is expected to increase significantly, which could further boost Chainlink's fee revenue and drive up LINK's valuation.The report also projects that by the end of 2030, the scale of tokenized assets and crypto-native assets deployed in decentralized finance (DeFi) will grow approximately 37-fold to reach $2.7 trillion. Kendrick believes these assets require trusted data, cross-network interoperability, privacy-preserving compliance mechanisms, and integration with the existing financial system—infrastructure that Chainlink currently has the capability to provide.Demand for RWA tokenization has continued to grow recently. Data shows that trading volume of tokenized RWAs on decentralized exchanges (DEXs) hit an all-time high of $14.1 billion in July, up 19.5% month-over-month, driven primarily by public market assets such as tokenized stocks.Currently, Chainlink remains one of the largest decentralized oracle service providers in the crypto industry, with a Total Value Secured (TVS) of approximately $34.4 billion—significantly higher than second-ranked Chronicle's $7.36 billion.However, Kendrick also noted that the prediction of LINK reaching $200 still faces risks, including institutional tokenization projects progressing slower than expected, intensified competition from specialized oracle service providers, and potential technical issues. (Cointelegraph)
Crypto Assets Can Be Pledged for Loans to Margin Perpetual Futures, Kalshi and BitGo Reach New Arrangement
Odaily News: Kalshi and BitGo have reached a new arrangement allowing certain customers to borrow against their custodied crypto assets and use the loan proceeds as margin for leveraged perpetual futures trading on the Kalshi exchange. The arrangement is aimed at clients of Kalshi Prime, Kalshi's US-registered futures commission merchant, and adopts a tripartite collateral management structure; loans are provided by its affiliated lending company Kalshi Katalyst, with collateral assets held at BitGo Bank & Trust. Eligible collateral assets include Bitcoin, Ethereum, and stablecoins deemed compliant with the GENIUS Act, with additional custodians expected to be onboarded in the future. Kalshi Prime CEO Jeff Bandman said the arrangement allows customers to participate in trading without having to exit their crypto asset positions.
CME CEO Questions CFTC's Authority Over Prediction Markets, Says Dispute May Reach Supreme Court
Odaily News: CME Group CEO Terrence Duffy stated that the U.S. Commodity Futures Trading Commission's (CFTC) attempt to expand its regulatory authority over prediction markets is "a bit of a stretch," and that the related regulatory dispute could ultimately reach the U.S. Supreme Court.Speaking at the DC Fintech Week event on Tuesday, Duffy said the battle over prediction market regulation could evolve into a legal showdown among state governments, tribal governments, and the federal government. "This is going to the Supreme Court, and I think the states and the tribes will prevail," he said. (The Block)
IMF Warns: Tokenized Assets Reach $65.1 Billion, Automatic Liquidation Could Amplify Financial Shocks
Odaily News: The International Monetary Fund (IMF) noted in Chapter 3 of its October 2026 Global Financial Stability Report that, as of July 31, excluding repurchase agreements and stablecoins, the scale of tokenized real-world assets reached approximately $65.1 billion, including $30.4 billion in tokenized credit, $17.5 billion in money market funds, and $2.3 billion in tokenized equities.The report pointed out that automatic liquidation, instant settlement, continuous trading, and programmable collateral could accelerate forced liquidations and amplify financial shocks when markets come under stress. The cross-platform reuse of collateral could also increase leverage, causing risks to transmit more rapidly across different institutions and markets.The IMF identified legal certainty, regulatory clarity, blockchain network interoperability, and reliable settlement assets as four obstacles to the broader adoption of tokenized markets, and recommended adopting technology-neutral regulation, strengthening oversight, implementing circuit breakers, and preventing instability from automatic liquidation. (Bitcoin.com News)
IMF: Tokenized Assets Reach $65 Billion, but Liquidity and Regulation Remain Barriers to Adoption
Odaily News: The International Monetary Fund (IMF) stated that the tokenized financial market is growing rapidly, but legal uncertainty, insufficient interoperability, and the lack of a widely recognized settlement asset could still limit its further development.In its latest analysis, the IMF noted that as of July, the scale of tokenized real-world assets (RWA) was approximately $65 billion, still relatively small compared to the roughly $300 trillion in global capital market assets. Among these, tokenized credit products accounted for approximately $30.4 billion, money market funds approximately $17.5 billion, and tokenized equities approximately $2.3 billion.The IMF stated that tokenized equities are attracting investors by supporting 24/7 trading and fractional ownership, but their liquidity is significantly lower than traditional markets, with actual volatility approximately 1.5 times that of traditional stocks. As the tokenized market expands, increased market correlation and leverage could amplify liquidity risks, concentrated selling, and risk contagion.The IMF said tokenization could reshape financial markets, but future development will depend more on improved policy frameworks, market depth, trust mechanisms, and risk protection measures. Currently, since the market size remains relatively small, the systemic risks posed by tokenized assets are limited. (Cointelegraph)
Bernstein: Prediction Markets to Reach $10 Trillion by 2035, Kalshi to Capture 60% Share
Bernstein believes the exchange model transforms sports betting into a traffic-driven business, operating without house positions and utilizing a global order book with institutional market making. The firm assigns an Outperform rating to Robinhood (HOOD) and Coinbase (COIN), recommending focus on regulatory progress and the pace of institutional adoption.
Brazil's New Capital Rules Take Effect, Around 290 Crypto Exchanges Face Market Exit, Capital Requirements Reach Up to $7.2 Million
Odaily News: The Central Bank of Brazil's new regulations require virtual asset service providers to meet capital, audit, anti-money laundering, and continuous reporting compliance requirements, with capital requirements reaching up to 37.2 million reais, approximately $7.2 million. Of the current approximately 300 related institutions, only 20 to 25 may qualify to apply for authorization, and only 10 are expected to receive licenses.Some small platforms have already ended or restructured their retail operations, including Bitnuvem, NovaDAX, Digitra, and Coinext, but these platforms did not attribute the relevant decisions to the new rules. Institutions that fail to meet the requirements will also face ongoing compliance costs, and some operations may find it difficult to sustain.Relevant institutions must apply for authorization by October 30, and those that do not apply will cease operations within 30 days and notify customers. Isabel Longhi, Head of Public and Regulatory Policy for Latin America at Ripple, stated that market consolidation is expected to occur as Brazil's crypto market matures, but the new rules will limit innovation in the short term. (Bitcoin.com News)
"Setting Ten Big Goals First": Still Believes BTC's Bottom for This Bull Cycle Is $58,000, with $120,000 Within Reach This Year
Odaily Report: The whale "Setting Ten Big Goals First" posted on X to update his Bitcoin market views and position operations. He stated that he previously believed the BTC $78,000 level would be difficult to break below, and the actual price had remained above $79,000 until the recent black swan event caused it to fall below that level. He had already closed about two-thirds of his long position near $76,000 to guard against another extreme market move similar to October 11.After observing market stabilization over the past two days, he has re-established a full long position in the $76,000 to $78,000 range. His core judgment remains unchanged, and he still believes that $58,000 is the bottom for BTC in this cycle. He further noted that the bottom of the first phase of this bull market may be around $118,000, while the target for the second leg up is double $78,000, or about $150,000, and he expects BTC to potentially reach $120,000 within this year.
Robinhood's Prediction Market Revenue Projected to Reach $1.7 Billion by 2028, Surpassing Crypto Business
Odaily reports: Digital trading platform Robinhood Markets' prediction market revenue is projected to reach $1.7 billion by 2028, exceeding the estimated $1.6 billion in crypto business revenue for the same period. Bernstein analysts expect prediction market revenue to grow from approximately $650 million this year to $1.7 billion by 2028, accounting for about 18% of the company's projected total revenue of $9.4 billion that year.Bernstein has raised its revenue estimates for Robinhood in 2026, 2027, and 2028 by 3%, 4%, and 3% respectively, while maintaining its $160 price target unchanged. Analysts expect the company's third-quarter revenue to grow 13% quarter-over-quarter to approximately $1.5 billion, driven by growth in equity notional trading volume, options trading volume, and event contract trading volume, as well as a recovery in crypto trading volume. (Cointelegraph)
Capital Outflows Could Reach $8.8 Billion as MSCI Plans to Remove Strategy and Other Bitcoin Treasury Companies from Global Equity Indexes
Bitcoin News posted on X that MSCI is advancing a proposed methodology that would classify Michael Saylor's Strategy, Japan's Metaplanet, and other digital asset treasury companies as "non-operating" enterprises, potentially excluding them from the MSCI Global Investable Market Indexes. JPMorgan estimates that passive funds tracking MSCI indexes may be forced to sell $2.8 billion worth of MSTR shares; if other index providers adopt similar rules, the broader capital outflow could reach $8.8 billion. Strategy's reverse analysis shows that MSCI-tracking funds hold approximately 3.1% of its outstanding shares; a final decision is expected around October 16, with implementation potentially beginning on November 30.
Bonk Guy: SI Poised to Hit New Highs, Market Cap Could Reach Hundreds of Millions
crypto KOL Bonk Guy posted on X platform, stating that panic selling in the market could last for hours or even days, and investors need not wait until the sell-off ends to start buying, but should instead focus on opportunities when market participants broadly lose confidence.Bonk Guy expressed optimism about SI's performance after this round of panic selling, believing it is poised to hit a new all-time high in the future, with a market cap reaching hundreds of millions of dollars.According to GMGN data, SI's current market cap stands at $13 million, with a 24H decline of 11.8%.
Tom Lee: Ethereum Could Break $5,000 by Year-End, This Cycle Could Reach $50,000
Tom Lee, Chairman of Ethereum treasury company Bitmine, said in an interview that Ethereum could rise to $25,000 to $50,000 in this cycle. He believes that ETH has been trading in a similar range for the past five years, and sustained bottoming may lay the foundation for a larger breakout ahead.Tom Lee also expects ETH to exceed $5,000 by the end of the year, noting that if Bitcoin rises above $100,000, ETH could reach around $7,500. However, market prediction data shows that traders currently see only a 4% probability of ETH reaching $5,000 by the end of 2026.
Losses Reach 213.42 BTC in the $17.7 Million Ledger Cryptocurrency Supply Chain Attack
Odaily News: According to monitoring by Galaxy's head of research, the Bitcoin losses caused by the Ledger cryptocurrency supply chain attack currently amount to 213.42 BTC, valued at $17.7 million. Of this, 92% of the funds were transferred in less than 90 days ago, while some funds were transferred even earlier. All Bitcoin traced so far remains unspent and is held in 3 aggregation addresses.
2026 DeFi Price Manipulation Attacks Reach 43, Surpassing Full-Year Record Set in 2022
Odaily News: As of October 21, 43 price manipulation attacks have been recorded in the DeFi sector in 2026, surpassing the previous all-time annual high of 27 set in 2022. Total related losses amount to approximately $199 million, lower than the loss scale in some years, with the Tectonic case accounting for about $125 million. Of the remaining 42 incidents, 32 involved individual losses of less than $1 million.
Q3 Crypto Hacking Losses Reach $1.18 Billion, Driven by Bitget and Liquid Vulnerabilities
据 Cointelegraph 报道，安全公司 Hacken 发布 2026 年 Q3 报告显示，第三季度加密货币黑客攻击事件共 107 起，总损失达 11.8 亿美元，为 2025 年 Q1 Bybit 事件（损失 16 亿美元）以来最严重的季度。 其中 77%（约 9.06 亿美元）损失源于第三方供应商、开发工具或未纳入安全审计的基础设施漏洞。四大主要事件分别为：Bitget 黑客攻击（3.87 亿美元）、Liquid Network 漏洞（3.2 亿美元）、Tectonic 漏洞（1.2 亿美元）及 Coldcard 固件漏洞（1.15 亿美元），合计占总损失约 80%。智能合约为最高频攻击向量，涉及 71 起事件，损失 2.28 亿美元。 在资金追回方面，约 3.87 亿美元（33%）被归还或逆转，其中"白帽黑客"归还 Liquid Network 被盗资金 2.72 亿美元，Cronos 验证者回滚 114 分钟区块链历史追回 1.11 亿美元；运营商另行垫付 4.1 亿美元补偿用户损失，但仍有约 3.84 亿美元（32%）既未追回也未获赔付。
Losses Reach 213.42 BTC in the $17.7 Million Ledger Cryptocurrency Supply Chain Attack
Odaily News: According to monitoring by Galaxy's head of research, the Bitcoin losses caused by the Ledger cryptocurrency supply chain attack currently amount to 213.42 BTC, valued at $17.7 million. Of this, 92% of the funds were transferred in less than 90 days ago, while some funds were transferred even earlier. All Bitcoin traced so far remains unspent and is held in 3 aggregation addresses.
Ledger: Coldcard Vulnerability Losses Reach Approximately $130 Million, Hardware Wallet Security Needs to Adapt to AI
Odaily News: Hardware wallet manufacturer Ledger has stated that the recent Coldcard vulnerability indicates the hardware Bitcoin wallet industry needs to reassess its security model. Ledger CTO Charles Guillemet stated that Ledger devices were not affected, as their recovery phrases are generated by a hardware random number generator built into a certified secure element. Coldcard manufacturer Coinkite disclosed last week that its air-gapped Coldcard Bitcoin hardware wallet contains a vulnerability traceable to firmware versions from March 2021. The vulnerability uses a software fallback mechanism to generate wallet recovery seeds, allowing certain private keys to be guessed, with related losses reaching approximately $130 million. Coinkite released a fixed firmware on Sunday and urged affected users to transfer funds to newly generated wallets. Charles Guillemet stated that open source is different from being audited — the flaw had existed in public code for over five years, and AI is enabling attackers to scan code and identify vulnerabilities at machine speed. Charles Guillemet also said that over the past two years, Ledger has combined AI with security engineers and cryptography experts to review code and identify vulnerabilities. He believes that when evaluating hardware wallets, users should understand how randomness is generated and whether that process has received independent certification.
BONK Governance Attacker Transfers Another 400 Billion BONK to Coinbase, Cumulative CEX Inflows Reach 1.626 Trillion
According to monitoring by Yu Jin, the address that previously transferred BONK worth $21.2 million from the Bonk treasury through a governance proposal, after moving 1.186 trillion BONK (approximately $4.11 million) to Binance yesterday, has today transferred another 400 billion BONK (worth about $1.28 million) to Coinbase.Data shows that of the 4.426 trillion BONK removed from the Bonk treasury via the governance proposal by this address, 1.626 trillion BONK (approximately $5.58 million) have been moved to centralized exchanges. Additionally, in the 11 days since the address began withdrawing assets from the Bonk treasury, the price of BONK has fallen by approximately 36%, dropping from $0.0000047 to $0.000003.
"Setting Ten Big Goals First": Still Believes BTC's Bottom for This Bull Cycle Is $58,000, with $120,000 Within Reach This Year
Odaily Report: The whale "Setting Ten Big Goals First" posted on X to update his Bitcoin market views and position operations. He stated that he previously believed the BTC $78,000 level would be difficult to break below, and the actual price had remained above $79,000 until the recent black swan event caused it to fall below that level. He had already closed about two-thirds of his long position near $76,000 to guard against another extreme market move similar to October 11.After observing market stabilization over the past two days, he has re-established a full long position in the $76,000 to $78,000 range. His core judgment remains unchanged, and he still believes that $58,000 is the bottom for BTC in this cycle. He further noted that the bottom of the first phase of this bull market may be around $118,000, while the target for the second leg up is double $78,000, or about $150,000, and he expects BTC to potentially reach $120,000 within this year.
1kx: Blockchain Industry Revenue Projected to Reach $100 Billion in 2026, with 283 Protocols Returning Value to Token Holders in Q3
investment firm 1kx has released its annual blockchain revenue report, projecting that total blockchain industry revenue will reach $100 billion in 2026, a year-over-year decline of approximately 28% due to the drop in crypto asset prices.The report notes that institutional and real-economy-related businesses currently contribute about 30% of blockchain industry revenue. In Q3 2026, real-economy-related business revenue surpassed blockchain infrastructure revenue for the first time. Meanwhile, publicly listed companies' share of total blockchain industry revenue has risen from 7% in 2022 to 16%.Additionally, a record 283 protocols returned value to token holders in Q3 through mechanisms such as token buybacks, burns, or fee sharing.
ARK Invest Releases Updated Tesla Valuation: Market Cap Could Reach $17.5 Trillion by 2031, with a Price Target of $4,400 per Share
ARK Invest has released an update to its open-source Tesla valuation model, projecting that Tesla will be worth approximately $4,400 per share by 2031. A Monte Carlo simulation based on 32 independent variables shows a bear case of around $3,300 per share and a bull case of around $5,000 per share, corresponding to annualized share price gains of 53% and 66%, respectively, with the base case implying an annualized return of approximately 62%.Under the base case, ARK Invest expects Tesla's total revenue to reach approximately $1.45 trillion by 2031, with EBITDA of about $902 billion and a market capitalization of approximately $17.5 trillion.To support the development of its AI and robotics businesses, the model also assumes that Tesla's cumulative AI infrastructure spending will increase from approximately $7 billion at the end of 2025 to approximately $225 billion by the end of 2031. Robotaxi is expected to become Tesla's primary source of value, contributing approximately 80% of enterprise value by 2031. The humanoid robot Optimus will also become an important growth engine, with Tesla's cumulative external sales of Optimus robots reaching approximately 1 million units by 2031, and revenue from robotics-as-a-service (RaaS) and related businesses amounting to approximately $212 billion.However, ARK Invest cautions that these valuations depend on multiple assumptions, including the pace of autonomous driving commercialization, the maturity of robotics technology, profit margins, and capital efficiency. Actual results may differ significantly from these projections. The model is for reference only and does not constitute investment advice.
Meta Launches Open-Weight Multimodal Model Muse Spark Open, Total Parameters Reach 816 Billion
According to official Meta announcements, Meta has officially released the open-weight multimodal model Muse Spark Open. The model features a total parameter count of 816 billion (with 42 billion activated parameters), supports a 1 million token (1M-token) context window, focuses on code writing and Agent workflows, and possesses capabilities for long-horizon complex software engineering and multi-step reasoning.
Q3 Crypto Hacking Losses Reach $1.18 Billion, Driven by Bitget and Liquid Vulnerabilities
据 Cointelegraph 报道，安全公司 Hacken 发布 2026 年 Q3 报告显示，第三季度加密货币黑客攻击事件共 107 起，总损失达 11.8 亿美元，为 2025 年 Q1 Bybit 事件（损失 16 亿美元）以来最严重的季度。 其中 77%（约 9.06 亿美元）损失源于第三方供应商、开发工具或未纳入安全审计的基础设施漏洞。四大主要事件分别为：Bitget 黑客攻击（3.87 亿美元）、Liquid Network 漏洞（3.2 亿美元）、Tectonic 漏洞（1.2 亿美元）及 Coldcard 固件漏洞（1.15 亿美元），合计占总损失约 80%。智能合约为最高频攻击向量，涉及 71 起事件，损失 2.28 亿美元。 在资金追回方面，约 3.87 亿美元（33%）被归还或逆转，其中"白帽黑客"归还 Liquid Network 被盗资金 2.72 亿美元，Cronos 验证者回滚 114 分钟区块链历史追回 1.11 亿美元；运营商另行垫付 4.1 亿美元补偿用户损失，但仍有约 3.84 亿美元（32%）既未追回也未获赔付。
Gate WCTC S9 Global Trading Competition Kicks Off with a Total Prize Pool of 6,000,000 USDT
According to official sources, Gate WCTC S9 Global Trading Competition officially opened registration on October 9 at 16:00 and will remain open until October 26 at 16:00 (UTC+8). The competition officially begins on October 26 at 16:00 and runs until November 25 at 16:00 (UTC+8). With the theme "Cross Asset Boundaries, Reach the Pinnacle of Trading," this edition features a super prize pool of up to 6,000,000 USDT that unlocks dynamically based on the number of active traders, covering multiple trading products including spot, ETF, flash swap, stocks, futures, and TradFi.Among the offerings, the team competition features a prize pool of up to 3,200,000 USDT, divided into two halves, with rankings based on platform-wide trading volume, CFD trading volume, and profitability. The individual competition prize pool reaches up to 400,000 USDT. The event also introduces a BTC/USDT event contract PK, where users can participate in consecutive 5-minute up/down markets through random matching and accumulate points based on the number of wins.In addition, the WCTC Lucky Launchpad features a 725,000 USDT prize pool. Users who enter the event page for the first time will receive a free launch opportunity and have the chance to win USDT cash, futures position trial vouchers, fee rebate vouchers, random-amount tokens, random-amount stock rewards, and WCTC custom merchandise and other gifts. Around the main themed competition, Gate has set up the WCTC Global Trading Carnival, offering a 1,000,000 USDT prize pool for side activities. The competition also includes a fixed bonus of 275,000 USDT, covering new user participation, team formation, priority team creation, and livestream interaction segments, while integrating with multiple Gate business lines. Through WCTC's concentrated coordination of multi-asset products and global user scenarios, Gate has deepened cross-market and cross-asset business synergies, continuously improving its global multi-asset trading ecosystem.
Related news
"Setting Ten Big Goals First": Still Believes BTC's Bottom for This Bull Cycle Is $58,000, with $120,000 Within Reach This Year
Odaily Report: The whale "Setting Ten Big Goals First" posted on X to update his Bitcoin market views and position operations. He stated that he previously believed the BTC $78,000 level would be difficult to break below, and the actual price had remained above $79,000 until the recent black swan event caused it to fall below that level. He had already closed about two-thirds of his long position near $76,000 to guard against another extreme market move similar to October 11.After observing market stabilization over the past two days, he has re-established a full long position in the $76,000 to $78,000 range. His core judgment remains unchanged, and he still believes that $58,000 is the bottom for BTC in this cycle. He further noted that the bottom of the first phase of this bull market may be around $118,000, while the target for the second leg up is double $78,000, or about $150,000, and he expects BTC to potentially reach $120,000 within this year.
Tether's Reserve Assets Reach $191.5 Billion at End of Q3, Net Operating Profit of $1.5 Billion
Odaily Report: Stablecoin issuer Tether International, S.A. de C.V. has published its Q3 2026 attestation report compiled by BDO, with data as of September 30. Total reserve assets at quarter-end amounted to $191.5 billion, of which direct and indirect U.S. Treasury holdings totaled $132.4 billion.USD₮ issuance remained broadly stable at $184 billion across the first three quarters; cumulative net operating profit for the same period reached $4.5 billion, of which $1.5 billion was recorded in Q3, flat versus Q2. U.S. Treasuries and reverse repurchase agreements continued to contribute the majority of revenue.As of September 30, the company's total assets stood at $191.451 billion and total liabilities at $183.496 billion, with assets exceeding liabilities by $7.955 billion. Excess reserves rose from $4.1 billion at the end of Q2 to $7.95 billion, nearly doubling. (Tether News)
1kx: Blockchain Industry Revenue Projected to Reach $100 Billion in 2026, with 283 Protocols Returning Value to Token Holders in Q3
investment firm 1kx has released its annual blockchain revenue report, projecting that total blockchain industry revenue will reach $100 billion in 2026, a year-over-year decline of approximately 28% due to the drop in crypto asset prices.The report notes that institutional and real-economy-related businesses currently contribute about 30% of blockchain industry revenue. In Q3 2026, real-economy-related business revenue surpassed blockchain infrastructure revenue for the first time. Meanwhile, publicly listed companies' share of total blockchain industry revenue has risen from 7% in 2022 to 16%.Additionally, a record 283 protocols returned value to token holders in Q3 through mechanisms such as token buybacks, burns, or fee sharing.
Backpack and South Korea's SK Securities Reach Strategic Partnership to Expand Stock Trading Channels
According to official statements, Backpack has entered into a strategic partnership with SK Securities in South Korea, and plans to provide eligible global investors with access to trade Korean stocks through the Backpack app. This collaboration will combine SK Securities' expertise in the South Korean capital markets with Backpack's global user reach, and, building on its existing US equity securities platform, will further explore partnerships in the fields of tokenized securities and real-world assets (RWA).
Pendle Q3 Report: Revenue per Dollar of TVL Up 76% YoY, Token Buybacks Reach 3.2x Emissions
Pendle officially cited Alea Research's Q3 performance report on the protocol via X and summarized the following key data points:1. The RWA (real-world asset) market has moved from the periphery to the mainstream, accounting for 82% of TVL;2. TVL grew 43% in Q3 while incentives were cut by more than half (over 50%);3. Revenue generated per dollar of TVL increased by approximately 76% compared to the same period last year;4. Buyback volume reached 3.2x token emissions;5. PT collateral across Morpho, Aave, and Euler doubled to $497 million.
Robinhood's Prediction Market Revenue Projected to Reach $1.7 Billion by 2028, Surpassing Crypto Business
Odaily reports: Digital trading platform Robinhood Markets' prediction market revenue is projected to reach $1.7 billion by 2028, exceeding the estimated $1.6 billion in crypto business revenue for the same period. Bernstein analysts expect prediction market revenue to grow from approximately $650 million this year to $1.7 billion by 2028, accounting for about 18% of the company's projected total revenue of $9.4 billion that year.Bernstein has raised its revenue estimates for Robinhood in 2026, 2027, and 2028 by 3%, 4%, and 3% respectively, while maintaining its $160 price target unchanged. Analysts expect the company's third-quarter revenue to grow 13% quarter-over-quarter to approximately $1.5 billion, driven by growth in equity notional trading volume, options trading volume, and event contract trading volume, as well as a recovery in crypto trading volume. (Cointelegraph)