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TOKEN2049 is the Crypto event, organised annually in Dubai and Singapore, where founders and executives of the leading Web3 companies and projects share their view on the industry. TOKEN2049 brings together the global crypto industry, uniting entrepreneurs, investors, developers, industry enthusiasts and global media - and creates unparalleled networking opportunities.
Bloomberg: Polymarket CEO Again Hints at Possible Launch of Platform Token
According to Bloomberg, Polymarket CEO Shayne Coplan recently hinted that the platform may release an announcement, sparking widespread market speculation over the potential launch of a cryptocurrency token. Previously, at the TOKEN2049 Singapore conference, Coplan noted that the company is exploring an on-chain asset linked to the platform’s economic system with practical programmable utility, though no specific token issuance plan was announced. At present, crypto startups face a choice between traditional equity financing and token offerings as they seek both capital and regulatory stability.
Binance Offers Temporary Relocation Options for UAE Employees Amid Regional Conflict
According to CoinDesk, amid the Iran conflict, Binance has offered its approximately 1,000 employees in the UAE the option of temporary relocation to Hong Kong, Tokyo, Kuala Lumpur, or Bangkok. Binance stated that its UAE operations continue normally, with some employees choosing to remain locally, and global user services remain unaffected. This measure follows regional unrest that has disrupted major cryptocurrency, business, and sports events in the UAE—including the postponement of TOKEN2049 Dubai to 2027 and the cancellation of TON Gateway due to security and travel concerns. The UAE government reported having intercepted hundreds of missiles and drones since late February. Binance is deepening its collaboration with local authorities through Abu Dhabi’s global regulatory framework, and its global operations are backed by Abu Dhabi.
Strategy currently has an unrealized gain of approximately $6.536 billion, while Bitmine has an unrealized loss of approximately $4.781 billion
Odaily News: According to on-chain analyst Ember Monitoring, last week Bitcoin treasury company Strategy increased its holdings by 250 BTC, with a purchase amount of approximately $21.55 million and an average purchase price of approximately $86,194 per BTC.As of now, Strategy holds a total of 848,250 BTC, with a position value of approximately $70.532 billion. The cumulative average cost is $75,444 per BTC, with a current unrealized gain of approximately $6.536 billion and a return of approximately 10.2%.Meanwhile, Ethereum treasury company Bitmine increased its holdings by 12,532 ETH last week, with a purchase amount of approximately $32.6 million and an average purchase price of approximately $2,601 per ETH.Currently, Bitmine holds approximately 6,028,946 ETH, with a position value of approximately $15.319 billion. The cumulative average cost is $3,334 per ETH, with a current unrealized loss of approximately $4.781 billion and a loss of approximately 23.8%.In addition, Bitmine's subsequent ETH accumulation plan may be nearing a phased conclusion. Bitmine Chairman Tom Lee previously stated at the TOKEN2049 conference in Singapore that once the company's ETH holdings reach 5% of the total supply, it will stop further accumulation. Currently, Bitmine is still about 77,442 ETH away from the 5% target. Based on the recent pace of accumulation, it is expected to reach this target in about one month.
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.
Ledger Launches Self-Custodial Crypto Lending Feature, Enabling Borrowing of Stablecoins Against Wrapped Bitcoin Collateral
According to Decrypt, Ledger announced at the TOKEN2049 conference in Singapore the launch of its self-custody lending feature, "Crypto Loan". Eligible users can borrow stablecoins USDC or USDT through their wallet application by using wrapped Bitcoin (cbBTC or wBTC) as collateral, without transferring funds to centralized lending platforms or selling the underlying assets.
Arthur Hayes says the high-FDV, low-float token model has fallen out of favor
Odaily reports: In his keynote speech at TOKEN2049 Singapore, Arthur Hayes stated that high-FDV, low-float tokens no longer rise after listing on Binance, and criticized VC presales for abusing tokenomics and leaving retail investors to bear the bag. He said this model has dominated the industry for over a decade, but the market is no longer buying into it. Flop Labs has proposed a "100% fair launch" scheme with no presale and no VC allocation, instead having testnet participants earn FLOP through actual work and receive airdrops. The genesis airdrop accounts for approximately 24.3% of the Year 10 supply, about 4.4 billion tokens, with a total supply of 18.1 billion; the launch is planned for late October or early November 2026 and will last about 90 days, with mainnet genesis set for Q1 2027. Flop Labs is funded by Hayes personally; Hayes stated that FLOP is not yet trading and that any early sales are scams.
Gate Launches "Behind Gate: Dr. Han" Singapore Special Edition, Showcasing Gate Money's Strategic Vision and Behind-the-Scenes Story
Gate has released the Singapore special edition of its documentary series "Behind Gate: Dr. Han," which follows a three-day itinerary as its main thread, authentically chronicling the daily work and key moments of platform founder and CEO Dr. Han during TOKEN2049 Singapore, covering multiple scenarios including the launch of Gate Money, keynote speeches, media interviews, client meetings, and an awards dinner.The documentary focuses on the release process of Gate Money and reveals a real clip of Dr. Han using NVIDIA stock to buy coffee before his speech. He subsequently shared this experience in his keynote address to demonstrate the connection between asset management and everyday payments. In the film, Dr. Han states that Gate Money is not only aimed at traders but also hopes to serve a broad global user base, and that the platform needs to maintain innovation while continuously refining its products to meet users' increasingly diverse financial needs.The film also captures heartwarming moments of Dr. Han communicating with team members, discussing customer needs, and preparing a birthday cake for colleagues, revealing an everyday side beyond the tight schedule. Looking ahead, Dr. Han regards Gate Money as a new mission and starting point, and sets out a long-term vision of serving approximately 500 million users over the next five years, demonstrating Gate's strategic direction of continued development toward a comprehensive financial services platform.
Fortune Interviews Gate Founder and CEO Dr. Han: Gate Money Connects Asset Holding, Trading, and Payments, Moving Toward a New Stage of Integrated Finance
Odaily News: Recently, Gate founder and CEO Dr. Han gave an exclusive interview to Fortune, sharing Gate's strategic thinking on evolving from a crypto asset trading platform into an integrated financial services application. During TOKEN2049 Singapore, Gate officially launched Gate Money, with "One Gate, Everything Money" as its core concept, bringing together fiat currency, digital assets, stocks, ETFs, gold, bank accounts, and payment services on a single platform. Users in eligible regions can open a global bank account in their own name online, and in the future will also be able to receive payments in more than 60 local currencies; Gate Card connects assets with consumption scenarios, enabling multiple asset types, including fiat currency, digital assets, tokenized gold, and stocks, to be used more flexibly for everyday payments. Gate Money also supports QR code payments via local payment codes in certain countries and regions.Dr. Han stated that, building on Gate's long-accumulated capabilities in trading, liquidity, and asset services, Gate Money expands fund management and real-world payment scenarios. In his vision: "In users' minds, assets are inherently a whole. Even if they exist in five different forms, they should be managed in a unified way within one app." Therefore, Gate Money aims to let users complete holding, trading, exchange, yield management, and spending within the same account, and to provide more options for flows between different asset forms, rather than making judgments for users.Currently, Gate serves more than 61 million users worldwide, covering over 130 countries and regions. Looking ahead to the next five years, Dr. Han expects the tokenization of traditional assets to continue advancing, and AI Agents to further change how users manage and use funds. From serving traders to connecting broader capital needs, Gate is extending its digital asset capabilities into more complete financial life scenarios.
Bloomberg: Polymarket CEO Again Hints at Possible Launch of Platform Token
According to Bloomberg, Polymarket CEO Shayne Coplan recently hinted that the platform may release an announcement, sparking widespread market speculation over the potential launch of a cryptocurrency token. Previously, at the TOKEN2049 Singapore conference, Coplan noted that the company is exploring an on-chain asset linked to the platform’s economic system with practical programmable utility, though no specific token issuance plan was announced. At present, crypto startups face a choice between traditional equity financing and token offerings as they seek both capital and regulatory stability.
Franklin Templeton CEO Criticizes Competitors' Tokenized Funds as "Lacking Substance"
According to CryptoBriefing, Franklin Templeton CEO Jenny Johnson stated at the TOKEN2049 Singapore conference that most competing tokenized funds on the market are merely "digital twins" of traditional products and do not truly leverage the efficiency advantages of blockchain. In contrast, Franklin Templeton's BENJI fund uses a public blockchain as its native ledger layer, supports per-second yield accrual, and incurs transaction costs of just $1.13 per trade, far lower than the approximately $150 typical of traditional methods.
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.
Related news
Arthur Hayes says the high-FDV, low-float token model has fallen out of favor
Odaily reports: In his keynote speech at TOKEN2049 Singapore, Arthur Hayes stated that high-FDV, low-float tokens no longer rise after listing on Binance, and criticized VC presales for abusing tokenomics and leaving retail investors to bear the bag. He said this model has dominated the industry for over a decade, but the market is no longer buying into it. Flop Labs has proposed a "100% fair launch" scheme with no presale and no VC allocation, instead having testnet participants earn FLOP through actual work and receive airdrops. The genesis airdrop accounts for approximately 24.3% of the Year 10 supply, about 4.4 billion tokens, with a total supply of 18.1 billion; the launch is planned for late October or early November 2026 and will last about 90 days, with mainnet genesis set for Q1 2027. Flop Labs is funded by Hayes personally; Hayes stated that FLOP is not yet trading and that any early sales are scams.
Gate Launches "Behind Gate: Dr. Han" Singapore Special Edition, Showcasing Gate Money's Strategic Vision and Behind-the-Scenes Story
Gate has released the Singapore special edition of its documentary series "Behind Gate: Dr. Han," which follows a three-day itinerary as its main thread, authentically chronicling the daily work and key moments of platform founder and CEO Dr. Han during TOKEN2049 Singapore, covering multiple scenarios including the launch of Gate Money, keynote speeches, media interviews, client meetings, and an awards dinner.The documentary focuses on the release process of Gate Money and reveals a real clip of Dr. Han using NVIDIA stock to buy coffee before his speech. He subsequently shared this experience in his keynote address to demonstrate the connection between asset management and everyday payments. In the film, Dr. Han states that Gate Money is not only aimed at traders but also hopes to serve a broad global user base, and that the platform needs to maintain innovation while continuously refining its products to meet users' increasingly diverse financial needs.The film also captures heartwarming moments of Dr. Han communicating with team members, discussing customer needs, and preparing a birthday cake for colleagues, revealing an everyday side beyond the tight schedule. Looking ahead, Dr. Han regards Gate Money as a new mission and starting point, and sets out a long-term vision of serving approximately 500 million users over the next five years, demonstrating Gate's strategic direction of continued development toward a comprehensive financial services platform.
Tom Lee: Some VCs Regret Missing Bitcoin's ~80x Gain Over the Past Decade
Fundstrat strategist Tom Lee said at TOKEN2049 that some venture capital investors he recently met with in Taiwan noted their startup investments have delivered decent returns but still fall short of the potential returns from simply buying and holding Bitcoin.A decade ago, Bitcoin was priced below $1,000; it now sits at around $80,000, representing roughly an 80x increase over ten years. Tom Lee said that some VC investors he met when he began researching Bitcoin a decade ago now regret not having bought Bitcoin directly.He stated that this cycle should maximize allocation to Bitcoin, Ethereum, and Solana, and believes Layer 1 blockchains will capture a larger share of value. (Bitcoin.com News)
Gate Founder Dr. Han Interviewed by Bitcoin.com: The Future of Finance Is Making All Assets Flow Instantly and Efficiently Within a Single Account
Odaily News — According to a Bitcoin.com report, Gate founder and CEO Dr. Han gave an exclusive interview during TOKEN2049 in Singapore, sharing in-depth insights on the "One Gate, Everything Money" vision and the Gate Money product architecture.Discussing the platform's evolution from an exchange to a comprehensive financial platform, Dr. Han stated that the value of Gate Money lies in completely reshaping users' fund management experience. Under the traditional model, idle cash depreciates due to inflation, while stocks and gold lack liquidity. Gate Money completely dissolves the barriers between traditional finance and the crypto world, integrating fiat currency, crypto assets, gold, stocks, and wealth management and consumption scenarios into a unified account. Users no longer need to hold large amounts of idle cash and can directly use high-quality assets such as gold and stocks as liquidity for instant spending and transfers, eliminating the cumbersome experience of cross-platform transfers while maximizing the capital utilization efficiency of their investment portfolios. Dr. Han pointed out: "The future of finance is not about holding cash, but about making all assets flow instantly and maximizing capital efficiency."Dr. Han emphasized that this integrated architecture allows users to commit all their capital to high-quality assets with value-preservation and appreciation potential, without having to sacrifice investment returns for daily liquidity. When settlement occurs, the underlying system automatically completes an instant conversion of assets to fiat currency at the point of payment, ensuring that every unit of funds remains in efficient investment operation before it is actually spent, achieving a seamless and frictionless connection from asset holding to instant payment.
Fortune Interviews Gate Founder and CEO Dr. Han: Gate Money Connects Asset Holding, Trading, and Payments, Moving Toward a New Stage of Integrated Finance
Odaily News: Recently, Gate founder and CEO Dr. Han gave an exclusive interview to Fortune, sharing Gate's strategic thinking on evolving from a crypto asset trading platform into an integrated financial services application. During TOKEN2049 Singapore, Gate officially launched Gate Money, with "One Gate, Everything Money" as its core concept, bringing together fiat currency, digital assets, stocks, ETFs, gold, bank accounts, and payment services on a single platform. Users in eligible regions can open a global bank account in their own name online, and in the future will also be able to receive payments in more than 60 local currencies; Gate Card connects assets with consumption scenarios, enabling multiple asset types, including fiat currency, digital assets, tokenized gold, and stocks, to be used more flexibly for everyday payments. Gate Money also supports QR code payments via local payment codes in certain countries and regions.Dr. Han stated that, building on Gate's long-accumulated capabilities in trading, liquidity, and asset services, Gate Money expands fund management and real-world payment scenarios. In his vision: "In users' minds, assets are inherently a whole. Even if they exist in five different forms, they should be managed in a unified way within one app." Therefore, Gate Money aims to let users complete holding, trading, exchange, yield management, and spending within the same account, and to provide more options for flows between different asset forms, rather than making judgments for users.Currently, Gate serves more than 61 million users worldwide, covering over 130 countries and regions. Looking ahead to the next five years, Dr. Han expects the tokenization of traditional assets to continue advancing, and AI Agents to further change how users manage and use funds. From serving traders to connecting broader capital needs, Gate is extending its digital asset capabilities into more complete financial life scenarios.
Bloomberg: Polymarket CEO Again Hints at Possible Launch of Platform Token
According to Bloomberg, Polymarket CEO Shayne Coplan recently hinted that the platform may release an announcement, sparking widespread market speculation over the potential launch of a cryptocurrency token. Previously, at the TOKEN2049 Singapore conference, Coplan noted that the company is exploring an on-chain asset linked to the platform’s economic system with practical programmable utility, though no specific token issuance plan was announced. At present, crypto startups face a choice between traditional equity financing and token offerings as they seek both capital and regulatory stability.