Gate.io ve svém říjnovém dokladu o rezervách (Proof of Reserves), zveřejněném 20. října 2026 na základě auditu k 18. říjnu 2026, vykázala poměr rezerv XRP ve výši přibližně 115 %: držela 60 396 694 XRP oproti zákaznickým zůstatkům ve výši 52 529 328 XRP.
Gate.io has released its latest Proof of Reserves (PoR) report, showing that it holds more XRP than its customers collectively have on the exchange.
The Proof of Reserve, released on Oct. 20, 2026, puts XRP’s reserve ratio at approximately 115%, meaning Gate holds 15% more tokens than customers have deposited.
Based on the audit snapshot from Oct. 18, 2026, the report also shows that the exchange holds more than its customers’ balances across every other major asset class. Gate has published verified reserve reports since 2020.
Gate Strengthens Its Overall Reserve Coverage Gate’s October report reveals that customers held a combined $7.332 billion in assets on the platform at the time of the snapshot, including more than 52 million XRP.
The exchange held $8.688 billion in total reserves, bringing its overall reserve ratio to 118.49%. This marks an increase from the 117.26% recorded in the previous reporting period.
Gate’s reserves exceeded customer balances by $1.356 billion, giving the exchange an additional buffer to meet withdrawals if many customers seek to withdraw their assets at once.
Gate has maintained excess reserves throughout 2026, building on its first PoR audit in 2020. Its reserve ratio stood at 125% in January, when total reserves reached $9.478 billion, before falling to 122% in March.
The October ratio is lower than both earlier figures, partly due to the effect of a larger and faster-growing customer base. However, Gate still holds more than $1.3 billion above its customers’ combined balances, which keeps its total reserves well above its reported liabilities.
Gate Proof of Reserves Shows Small XRP Holdings Gate’s October PoR puts its XRP reserve ratio at approximately 115%. Specifically, customers held 52,529,328 XRP on the exchange, worth about $69.8 million at the time of the snapshot.
Gate.io Proof of Reserves shows XRP overcollateralized at 115% Meanwhile, Gate held 60,396,694 XRP, valued at approximately $78.9 million. By press time, XRP had risen to $1.33, pushing the value of the exchange’s XRP holdings above $80.3 million.
Interestingly, on-chain data provided by XRPScan shows that Gate now holds 58.65 million XRP across four XRP Ledger (XRPL) accounts. This represents approximately 0.88% of the 68.4 billion XRP tokens in circulation.
Onchain data shows Gate.io holds 58M XRP across 4 accounts Gate’s XRP holdings remain relatively small compared with those of the largest centralized exchanges. South Korea’s Upbit leads with approximately 4.4 billion XRP across 13 XRPL accounts, accounting for 6.43% of the circulating supply.
Coinbase follows with 3.99 billion XRP across 343 accounts, representing 5.84%, while Binance ranks third with 1.874 billion XRP across 145 accounts, giving it a 2.74% share.
Robinhood, Bithumb, Uphold, and Kraken also rank among the top 10 XRP exchange holders, holding between 958 million and 1.6 billion XRP. Phemex, meanwhile, reported an XRP reserve ratio of 153.55% in its September 2026 PoR.
Bitcoin, Ethereum, and Stablecoins Equally Well-Covered Gate also holds more Bitcoin and Ethereum than its customers collectively own. Customers held 21,156 BTC on the exchange, while Gate maintained 25,727 BTC in reserves, worth $2.115 billion. This brought its Bitcoin reserve ratio to 121.6%. Essentially, the exchange held more than 4,500 BTC above customer balances.
With Ethereum, Gate’s customers held 362,785 ETH, while the exchange maintained 449,042 ETH worth $1.082 billion. These holdings resulted in an Ethereum reserve ratio of 123.78%.
Gate’s stablecoin reserves also exceeded customer balances. The exchange held $929.8 million in USDT, giving it a reserve ratio of 111.68%. Its USD1 reserves reached $395.594 million, producing a ratio of 100.98%. As for GUSD, Gate held $317.3 million, giving it a reserve ratio of 181.11%.
Gate spustil aplikaci Gate Money, která propojuje fiat měny, kryptoměny, platby, výnosy a investice v rámci jediného zůstatku; partnerství s Visa umožní kartu navázanou na kryptoměny.
Gate Money puts fiat accounts, crypto, payments, yield and investing on one balance inside the Gate app, with a Visa card for spending and $8.68 billion in reported reserves.
Money has always lived in separate places. Cash sits in a bank, stocks in a brokerage, crypto on an exchange, and moving value between them means transfers, settlement delays and fees at every step.
Stablecoins are the first asset to blur those lines. As the best version of cash in crypto, they give dollars the speed and portability of onchain assets, and they have grown accordingly: supply stands at just under $300 billion as of October 2026, roughly 50% above where it started 2025, the year the GENIUS Act was passed.
Gate Money is Gate’s attempt to bring the rest of the picture together. Announced at TOKEN2049 on October 7, the Gate Money section, inside the main Gate app, now puts fiat accounts, crypto, payments, yield and investing on one balance. A day later, Gate announced a partnership with Visa for a crypto-linked card.
This primer covers what Gate Money does, along with Gate’s Visa partnership, and what we'd watch as it rolls out.
Why Now: Stablecoins Are Becoming Everyday Money Supply growth has stalled for most of 2026, but usage has not. Onchain stablecoin transfer volume reached $92.7 trillion over the 12 months to September 2026, up ~82% from the prior 12 months. Year-to-date (YTD), 2026 has seen ~$74 trillion in onchain stablecoin transfer volume, already above the $60.6 trillion recorded for all of 2025.
It is worth noting that raw transfer volume can overinflate true “usage” as the metric includes bot activity, contract-to-contract hops and internal transfers. Adjusting for those, a16z’s 2025 report strips those out and has adjusted stablecoin volume at ~$9 trillion over its trailing year.
Policy and payment rails are following the usage, with the GENIUS Act giving US issuers a clear regulatory perimeter, Stripe’s acquisition of stablecoin infrastructure startup Bridge, and over 160 stablecoin-linked Visa card programs now live globally, per Visa.
For many users, holding crypto or stablecoins is only half the job. Spending or cashing out those assets still typically runs through a bank, which means leaving the exchange’s ecosystem.
Trading activity tends to fluctuate with market volatility, while products tied to payments, balances and financial services can create more recurring user activity. As crypto increasingly moves beyond trading, the value of having one account for holding, spending, investing and earning becomes more important. This is the gap Gate Money is built to close.
Gate Money Functionally, Gate Money organizes six jobs around one balance.
Hold - Users can hold multiple fiat currencies and crypto in one consolidated account system, as it supports fiat deposits and withdrawals alongside onchain deposits and transfers. Receive - Eligible users can set up a bank account inside the same app and use the account details to receive and withdraw funds. Pay - Online and in-store purchases can use fiat or crypto, with Apple Pay and Google Pay support, alongside ATM withdrawals and local QR payments in some countries. Convert - In-app swaps between assets. Earn - Eligible USDT balances can earn up to 3.6% with no lock-up, subject to Gate's product terms. Invest - Access to crypto and traditional assets including stocks. Many of these features, including Gate Card, Gate Pay and stock trading, existed before Gate Money.
What the new Gate Money adds is integration, where a user's balance can be received, held, earned on, invested and spent in one account, turning Gate from somewhere users come to trade into an everyday financial platform.
The Visa Partnership In early October, Gate and Visa announced a partnership for a crypto-linked Visa card that can be applied for and managed inside the Gate app. With this, eligible users will be able to pay at any Visa-accepting merchant, and the crypto in their Gate account is converted to fiat automatically at checkout to cover the purchase.
Visa’s main contribution is its global network, as the payments feature is the job that decides whether an account gets used every day or only when someone trades.
Moreover, Visa is itself one of the stablecoin rails described above, so the card sits on infrastructure with the same vision in mind.
Gate’s CEO described the partnership as a step toward crypto becoming part of everyday financial life, while Visa's Asia Pacific head of digital currency pointed to consumer demand for flexible, convenient and widely accepted payment options.
Why The Build Matters Some platforms launching consumer money products opt for a separate app with its own brand. In contrast, Gate Money lives inside the main Gate app.
While the former may present a cleaner approach from a consumer identity perspective, it has to build its user base from scratch. On the other hand, an embedded product starts with the full user base that can switch Gate Money on without having to download anything, while balances also stay within Gate.
There is also a clear connection to the topic discussed in Primer 1, where Gate CrossEx gives professional desks one pool of margin that works across multiple venues so capital stops sitting idle in silos. Gate Money applies the same idea at the other end of the user spectrum.
Between the two, Gate is building account infrastructure for institutions and for everyday users, which is the groundwork for the forthcoming Gate iWeb3 report.
Reserves and Asset Security An account that holds users’ cash, crypto and investments, and pays out from them every day, only works if users trust the assets are there. Gate says it was the first exchange to launch 100% proof of reserves. Their latest report, published on 21st October, puts total reserves at $8.68 billion with an overall reserve ratio of 118%.
Licensing as the Moat For crypto exchanges, trading features can be easily shipped by a product team. But bank accounts and cards cannot as they require licenses and banking partners on a jurisdictional level, which is why Gate Money’s availability is region-dependent and its licensing stack would take a considerable amount of time to replicate.
The pairing that stands out is the MiCA and PSD2 licenses, both held in Malta, as they cover both the crypto side and the payment-account side of what Gate Money does in Europe.
The licenses determine where each feature can go live, while the partnerships, such as the one with Visa, determine how fast.
Conclusion Gate Money changes what a Gate account is for. Before, it was a place users came to trade. Now, it is built to be where they hold, receive, spend, invest and earn, across both crypto and fiat.
As digital assets and payment rails mature, the contest moves up a layer, to the account where people hold and spend their money. Gate Money is Gate's answer, built on an exchange account with 61M+ users, wired into Visa for spending and backed by licenses across several key jurisdictions.
The question for the foreseeable future is how quickly Gate Money’s bank account and card footprint expands, and whether Gate's users start treating it as their de facto money platform.
Crypto exchange Gate wants a Bitcoin holder’s next stock purchase to happen without their money leaving its platform. The ambition is to keep more of an investor’s financial life inside one exchange.
Speaking with BeInCrypto at TOKEN2049, Jason Fung, Gate’s head of global partnerships, described how that could change the way people invest.
The business case is becoming clearer. CoinGecko’s latest quarterly report found that spot trading volume at the top ten centralized exchanges fell 14.2% in Q3 2026, despite a recovery in crypto prices. Broader markets give exchanges more opportunities to keep customers trading.
For investors, the question is whether those extra choices make managing money easier.
Why Move Your Money to Buy a Stock? Fung’s argument starts with where customers already hold their money. Someone with digital assets on an exchange can use that platform to reach overseas stock markets.
“It’s becoming a one-stop shop for anyone who wants to invest,” he said.
Gate introduced Japanese stock trading in August, initially offering around 300 Tokyo-listed stocks. Users can fund trades with USDT, the dollar-linked stablecoin, according to the company.
Gate says it now offers access to more than 12,800 stocks across the US, Hong Kong, Korea and Japan markets combined.
That offers a practical reason to stay: an existing crypto balance can fund a stock investment without first being withdrawn to a bank and sent to a separate broker. Availability still depends on the user’s jurisdiction.
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No Japanese brokerage account. No JPY conversion. No extra hoops.
From Sony to Toyota, access leading Japanese stocks directly with $USDT on Gate.
One Gate. Every Trade. Opening up access to Japan’s stock market.
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— Gate (@Gate) August 21, 2026 A More Diverse Portfolio or Just More Trades? “It’s no longer a decision between holding crypto or holding cash,” Fung said.
His example is an investor who follows semiconductors and wants to buy a particular company while keeping Bitcoin for the long term. Access to equities gives that investor somewhere else to put money when their strongest conviction lies outside crypto.
“Diversifying is one part, rotating in and out of narratives you have conviction in is another.”
Those behaviours have different implications. Building a broader portfolio can spread exposure. Chasing each new market theme can increase trading without necessarily reducing risk.
Fung said future data should reveal whether customers diversify more or simply make more trades. He presented both as possibilities, leaving open how far easier access changes the way people manage their money.
How Much Is a Faster Trade Worth? The same push to shorten the distance between an idea and a trade extends to new blockchains.
Gate announced its Robinhood Chain integration in July and Arc support in September. Fung said integrations across its exchange and Web3 services reduce the steps needed to access those ecosystems.
“You already have funds there, you’re already KYC’d,” he said, referring to identity checks.
For a trader following a new token, fewer setup steps can matter. Fung argues that reacting quickly to information offers an edge.
Speed also brings responsibility back to the trader. Easier access gives them less administrative work; it provides no assurance that the asset deserves their money.
Who Stays When the Rewards Stop? Fung applies a different test when assessing whether an ecosystem will last.
“The ultimate test is: once all the incentives are gone, who actually stays?”
He looks for users who keep returning and projects that continue attracting builders. He expects networks connecting traditional finance with crypto to have lasting demand.
Recent activity complicates that picture. CoinGecko reported that Robinhood Chain generated more than $88.9 billion in trading volume after its July launch through Q3, with memecoin trading overtaking its original tokenized-asset ambitions.
That does not establish how long the activity will last. It shows how quickly users can take a network in a different direction from its intended purpose.
“It comes down to real usage and how sustainable an ecosystem is in the long run,” Fung said.
Your Next Trade Could Be an Election Prediction markets widen the exchange’s reach further, giving people something to trade when they have little conviction about crypto prices.
“You might not have an opinion on what happens to the Bitcoin price in the next 30 days, but you might have a very strong opinion on who wins a certain election, or who wins Formula One,” Fung said.
The appetite is substantial. Barron’s, citing Aldrin Research, reported at least $5.83 billion in prediction-market trading over the opening Saturday and Sunday of this year’s NFL season.
Fung calls prediction markets “a tool for pricing uncertainty.” He also acknowledges that conviction can come from emotion, such as supporting a team.
That makes their informational value worth testing. A traded probability reflects the people willing to bet, whose enthusiasm may exceed their knowledge.
“The bigger question is how accurate prediction markets are over thousands, tens of thousands, one day millions of events.”
The Partnership That Gets Your Money Home Asked which partnership would most help ordinary traders, Fung returned to banking access.
“The ability to more seamlessly on-ramp and off-ramp in different currencies across the world – that’s more important than an additional trading feature.”
He wants stronger connections with banking partners and compliant stablecoin providers, particularly in emerging markets where local arrangements vary.
The audience matters. Binance Research reported in June that close to 93% of its stock-trading users came from emerging markets. That company-specific finding suggests demand for new routes into overseas equities.
“Parts of this structure already exist, but it’s far from perfect.”
Gate’s own attempt to close that gap is Gate Money, a single account that combines fiat currencies, crypto and stocks with on-ramp/off-ramp transfers, card spending and yield on idle balances, according to the company.
That leaves exchanges with a practical test as they pursue more of their customers’ portfolios. Every additional market offers another reason to keep money on the platform. Users also need confidence about what happens when they want it back.
An exchange’s usefulness extends to the moment a customer needs to spend their investment proceeds in their own currency.
Mohammad Shahid is the US Managing Editor at BeInCrypto, leading coverage of breaking financial news from Federal Reserve decisions and CPI releases to digital asset regulation and major earnings. He has interviewed prominent figures such as Shark Tank’s Kevin O’Leary and conducted investigative reporting involving senior executives at firms including IBM. An experienced crypto and financial markets journalist, Mohammad is recognised for his expertise in blockchain security and is widely regarded as a thought leader in the space. He began his career writing on security technologies for companies like Trustwave and Radiant Logic before moving into financial journalism, and has spoken on cybersecurity, digital assets, and emerging risks at major global Web3 conferences. Mohammad holds dual master’s degrees in cybersecurity and criminology from Macquarie University. Drawing on this background, he focuses extensively on crypto-related crime and co-developed BeInCrypto’s crypto crime podcast, where he has interviewed leading experts in cybersecurity, financial crime, and sanctions evasion, including Former IRS Criminal Investigation Chief Jim Lee. If you have a story you want to discuss, please reach out here: [email protected].
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This interview is editorial content produced independently by BeInCrypto. The views, claims, and predictions expressed are solely those of the interviewee and do not represent the positions of BeInCrypto. Guests may discuss projects, companies, or tokens they are affiliated with; any such mentions are for context and are not endorsements. Nothing here is financial, investment, legal, or tax advice. Always do your own research and consult a qualified professional before acting on anything discussed.
PANews, October 14 – According to official sources, Gate founder and CEO Dr. Han recently sat down for an exclusive interview with 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, built around the core concept of "One Gate, Everything Money," bringing fiat currency, digital assets, stocks, ETFs, gold, bank accounts and payments together on a single platform. Users in eligible regions can open a global bank account in their own name online, with support for receiving more than 60 local currencies to be added in the future. Gate Card bridges assets and spending scenarios, allowing 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 said 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' perception, assets are inherently a whole; even if they exist in five different forms, they should be managed in a unified way within a single app." Therefore, Gate Money aims to let users complete holding, trading, exchanging, yield management and spending within the same account, while offering more options for the flow between different asset forms – rather than making judgments on users' behalf.
At present, Gate has served 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 their funds. From serving traders to connecting broader capital needs, Gate is extending its digital asset capabilities into more complete financial life scenarios.
Gate ve spolupráci s Visa spouští kartu navázanou na kryptoměny na více než 40 trzích. Při platbě u obchodníků přijímajících karty Visa se digitální aktiva automaticky převedou na fiat měnu.
PANews, October 8 – During TOKEN2049 Singapore 2026, according to an official announcement, Gate announced a partnership with Visa to launch a crypto asset-linked card, with related services expected to roll out across 40+ markets worldwide. Users can apply for and manage the card through the Gate App and use digital assets to pay at online and offline merchants that accept Visa, with the relevant digital assets automatically converted to fiat currency during payment.
Gate has officially launched Gate Money, integrating digital assets, fiat currency, stocks, ETFs, gold, bank accounts and payments into the Gate App. Eligible users can apply online for a global bank e-account in their own name and complete fund transfers, asset conversions and payments on the same platform. The Visa crypto asset-linked card launched by Gate further connects account assets with everyday spending scenarios, extending Gate Money's integrated "account opening – funds – assets – spending" service chain to more real-world payment scenarios. Currently, users can enable Gate Money with one tap by updating the Gate App to version v8.39.0.
Visa's digital payment network covers more than 200 countries and regions, with over 175 million merchant acceptance points. This partnership combines Gate's digital asset capabilities with Visa's global payment infrastructure, expanding the use of digital assets in shopping, dining, travel and other everyday spending scenarios. Gate Founder and CEO Dr. Han said the partnership connects digital asset accounts with a broader range of commercial spending scenarios, making the use of digital assets more flexible and intuitive, and driving their integration into everyday financial life and business activities. Visa's Head of Digital Currency for Asia Pacific, Nischint Sanghavi, said Visa is committed to working with partners to expand payment options and connect new forms of value with mature digital payment infrastructure. The launch of this crypto-linked card also further extends Gate's business footprint in real-world payments and integrated financial services, providing users with a more convenient way to use digital assets for global commercial spending.
Gate founder Lin Han believes the next biggest crypto consumer trend will be super apps. (Olivier Acuna/CoinDesk)Summary
Gate is joining a growing push by crypto exchanges to become all-in-one finance apps, as rivals including Coinbase, Binance, Bybit and Robinhood expand beyond digital-asset trading.The exchange’s new Gate Money app will let users hold and convert cash, cryptocurrencies, stocks, gold and other assets in one account, then spend from those holdings with a card.Gate founder Lin Han said the company is targeting mainstream consumers, particularly in Asia, but did not explain how it would price or execute asset conversions when underlying markets are closed.Gate is the latest platform to bet that "everything" exchanges are the future model for crypto companies, with CEO and founder Lin Han predicting that all-one-money apps will become one of the biggest consumer trends in the coming year.
The Cayman Islands-headquartered firm, which has $2 billion 24-hour trading volume and over 60 million users, is entering a widening race to turn trading accounts into broader consumer-finance apps. Coinbase expanded into investing, derivatives and banking, while Bybit is building a European super app. Robinhood’s U.K. offering already combines crypto with stocks, ISAs, options and futures. Binance announced its bet on becoming a crypto super app in July.
The opportunity is to make crypto one feature of an everyday money account, rather than an activity reserved for traders.
Gate now allows users to hold and convert cash, cryptic currencies, stocks, gold and other assets in one account, then spend from those holdings through a card, Han told CoinDesk in an interview prior to unveiling its new app "Gate Money" in Singapore.
“We don’t want to stay with a small group of people who are professional at trading,” Han said. “We want to provide this product to a wider range of customers.” The Gate founder said he believes it’s time for all crypto firms to bring in non-crypto users. That’s where the biggest potential for growth is, he added.
He added that said the company intends to allow users to convert between holdings at any time, including outside normal stock-market hours, but did not explain how such conversions would be priced or executed when underlying markets are closed.
Gate’s most ambitious claim is that users will be able to spend assets without first holding cash in their accounts. “You can buy a cup of coffee with Nvidia stock,” Han said. “You cannot do that with any app in the world right now.”
He added that the biggest market for this service may be Asia, where people want access to U.S. stocks but can’t access them because they have restricted access to international brokerage accounts.
Han said Gate sees money apps such as Revolut, Cash App and Wise as more immediate competitors than traditional banks, though he also sees competition with other exchanges pursuing similar products. He said crypto firms now have the technology, licensing and banking relationships needed to offer services that once sat largely with banks and brokers.
12345678910The Definitive Stablecoin Landscape Series: Asia Pacific
The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Sep 15, 2026
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters:
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Gate Europe získala autorizaci podle MiCA před koncem přechodného období a prostřednictvím passportingu v rámci EHP rozšiřuje služby v Evropě. Mezi 16. červnem a 22. zářím přidala nejméně 68 spotových párů.
PANews reported on October 5, citing U.Today, that as the EU MiCA transition period ended on July 1, obtaining MiCA authorization has become an important foundation for crypto trading platforms to continue serving European users. Gate Europe obtained MiCA authorization before the end of the transition period and is expanding related services through the European Economic Area passporting mechanism. Gate data shows that between June 16 and September 22, the platform added at least 68 spot trading pairs, now covering approximately 190 assets and 382 trading pairs.
Citing CASP Tracker data, the article noted that as of September 28, 84 of the world's 100 largest crypto trading platforms still had not obtained MiCA authorization. Meanwhile, Gate Europe passed the PCI DSS v4.0.1 Level 1 compliance assessment on September 15, covering Gate Connect and Gate Card. Gate Europe CEO Dr. Giovanni Cunti said that security and compliance are key to building trusted payment services in Europe, and passing PCI DSS certification is an important step in strengthening payment infrastructure.
In terms of liquidity, Gate data shows that between September 14 and 27, the order book depth within 0.1% of the mid-price for BTC/USDC and ETH/USDC increased by approximately 14% and 12% respectively, reaching $1.32 million and $555,000. Meanwhile, DefiLlama MiCA exchange data shows that Gate Europe's spot market depth within 2% of the mid-price reached $15.9 million, higher than other platforms during the same period. Building on the compliance foundation established by its dual MiCA and Payment Institution (PI) licenses, Gate Europe will continue to improve asset coverage and liquidity building, providing European users with richer digital asset trading options and a better trading experience.
According to the official announcement, the on-chain burn of GateToken (GT) for Q3 2026 has been successfully completed. A total of 1,987,321.2431520 GT has been transferred to the burn address, with a total burn value exceeding $22.35 million.
On-chain transaction details can be viewed at: https://etherscan.io/tx/0x4d0e1a6c996f1e9720a1b87f9d12999eee65f0ee83c7f61456fc5992b03cb5e2
Key Details of This Burn:
Burned amount this round: 1,987,321.2431520 GT Burn value this round: over $22.35 million Total burned to date: 191,934,541 GT Total burned value: over $1.504 billion (calculated based on the quarterly average price) GT is the core platform token of Gate and the native asset of Gate Chain. As the utility token and gas fee token on Gate Chain, GT plays a fundamental role in powering the network’s core transfer infrastructure. Since the Gate Chain mainnet launch in 2019, GT has implemented a sustained deflationary mechanism. The total token supply has been significantly reduced from its initial 300 million, with an overall reduction of approximately 63.98%.
As Gate continues to expand its platform, its ecosystem is extending beyond digital asset trading into a broader range of Web3 applications. Gate now serves more than 61 million users globally and supports over 5,300 crypto assets alongside 12,800+ stocks and ETFs, while continuing to strengthen infrastructure such as Gate Chain and Gate Layer. Across on-chain trading, asset issuance, and application development, products including Gate Perp DEX, Gate Fun, and Gate Meme Go are being rolled out, while AI products such as Gate.AI and Gate for AI Agent are driving more intelligent applications into the Web3 ecosystem.
Amid this development, the fundamentals supporting GT are also continuing to strengthen. The growth of Gate’s user base, product ecosystem, and on-chain applications is creating broader real-world utility for GT, while the ongoing token burn mechanism further optimizes its supply structure. As a result, GT’s long-term development is becoming more closely linked to the overall growth of the Gate ecosystem and its deflationary process, with its underlying value support gradually extending beyond platform benefits to broader ecosystem development.
In terms of market performance, GT has maintained strong upward momentum recently. Data shows that GT has gained 32.49% over the past 30 days and 63.63% over the past 90 days, demonstrating robust market performance. As the ecosystem continues to expand and the burn mechanism continues to advance, GT’s market attention and foundation for long-term value have also been further strengthened.
Looking ahead, Gate will continue to advance innovation in Web3 infrastructure and ecosystem applications, expand the real-world utility of GT across on-chain trading, network interactions, and other use cases, and remain committed to implementing the GT burn mechanism to further optimize the token’s supply structure. By advancing ecosystem expansion and deflationary mechanisms in tandem, Gate will further strengthen the utility foundation of GT, provide users with richer ways to participate in Web3, and build stronger support for GT’s long-term development.
Read the Full Report here.
About GateGate, founded in 2013 by Dr. Han, is one of the world’s leading cryptocurrency and integrated financial services platforms. Serving over 61 million users globally, it supports trading across 5,300+ digital assets and 12,800+ stock assets, while providing access to a comprehensive range of TradFi assets, including metals, stocks, indices, forex, and commodities, delivering users a one-stop, multi-asset trading experience and blockchain-related services. As an industry benchmark, Gate was among the first platforms to implement 100% Proof of Reserves. Its ecosystem includes Gate Wallet, Gate Ventures, Gate for AI Agent, and a wide range of products and services.
For more information, please visit: Website | X | Telegram | LinkedIn | Instagram | YouTube
Disclaimer:This content does not constitute an offer, solicitation, or recommendation. You should always seek independent professional advice before making investment decisions. Note that Gate may restrict or prohibit certain services in specific jurisdictions. For more information, please read the User Agreement.
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PANews, September 30 — According to an official Gate announcement, Gate has listed Concrete (CT) as a first listing. CT/USDT spot trading opened at 18:00 (UTC+8) on September 30, and flash swap trading opened at 19:00. Concrete is positioned as a full-stack, institutional-grade operating system for on-chain finance, providing infrastructure support for treasuries, strategies, custody, risk control, and distribution of crypto assets and real-world assets (RWA).
At 22:00 on the same day, Gate Launchpool Season 381 Concrete (CT) opened and will run until 22:00 on October 21, offering a total of 1 million CT in airdrops. Users can stake USDT, GT, or CT to participate, with the USDT pool allocated 600,000 CT, and the GT pool and CT pool each allocated 200,000 CT. Rewards are distributed hourly based on staking share. The event page currently shows estimated APRs of 104.29%, 69.52%, and 6.25% for the three pools respectively, and actual yields will change dynamically.
Gate.io po kvartální dividendové úpravě na BENUSDT vyvolala 92 likvidací. Na shorty připsala 0,33 USD na akcii, zatímco stejnou částku odečetla z longů.
Gate.io’s BENUSDT perpetual futures contract, which tracks Franklin Resources (NYSE: BEN), triggered 92 liquidations on September 30 after the exchange settled a quarterly dividend adjustment. At 08:00 UTC, the platform credited $0.33 per share to net long positions and deducted the identical amount from net short holders via a funding-fee mechanism. Traders on the wrong side of that ledger who hadn’t topped up their margin got force-closed in a matter of minutes.
The exchange had flagged the risk two days earlier, issuing a warning on September 28 that short holders should ensure they had enough margin to absorb the upcoming deduction. Evidently, 92 accounts did not heed the memo.
How a stock dividend becomes a crypto liquidation event Gate.io offers perpetual futures contracts tied to traditional equities, not just crypto tokens. When the underlying stock pays a dividend, the exchange mirrors that payout synthetically: longs get credited, shorts get debited. Think of it as the exchange recreating corporate actions inside a 24/7 derivatives market that never actually touches a share of stock.
Social media discussions highlighted a key wrinkle: the BEN perpetual contract was trading near $0.000585 at the time of the adjustment. A $0.33 credit on a contract priced at fractions of a penny is an enormous ratio. Long holders effectively received a payout that dwarfed the notional value of the contract itself. Short holders, meanwhile, faced a deduction that could swallow their entire margin and then some.
Franklin Resources: 45 years of dividend raises, one day of perp chaos The $0.33 quarterly distribution represents a 3.1% increase year-over-year and extends the asset manager’s streak of consecutive annual dividend raises to 45 years.
September 30 was the ex-dividend date for BEN shares, which is why Gate.io chose that date for its synthetic settlement. The exchange has conducted similar equity-perpetual dividend adjustments for other tickers throughout September, including contracts tied to Sitio Royalties (STR-C), Syneos Health (SYK), and Medical Properties Trust (MPW). None of those settlements appear to have generated the same level of liquidation activity.
The difference comes down to contract pricing. When the perpetual’s trading price is reasonably aligned with the underlying stock, a $0.33 adjustment is a small percentage move. When the perp trades at a fraction of a cent, the same dollar amount becomes a wrecking ball.
What this means for traders on equity-linked perps In a conventional brokerage account, a short seller of BEN stock would see the dividend deducted from their account, but their broker would have margin requirements calibrated to the actual share price. On Gate.io, the perp’s price can diverge significantly from the underlying equity, creating scenarios where the dividend adjustment represents a far larger percentage of the position’s collateral than anyone might expect from a blue-chip asset manager’s quarterly payout.
For traders holding short positions on equity-linked perps, the lesson is straightforward: check the dividend calendar. Gate.io publishes notices ahead of these adjustments, and the September 28 warning gave shorts a full two days to either close positions or add margin. The traders who got liquidated either missed the announcement or misjudged how much collateral they needed.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
Gate zveřejnil nový protokol o rezervách: celkové rezervy dosáhly 8,215 miliardy USD a rezervní poměr činí 127 %. Rezervy BTC i ETH zůstaly nad 100% benchmarkem.
According to the official announcement, Gate has released its latest Proof of Reserves report. As of August 19, 2026, Gate’s total reserves increased to $8.215 billion, with an overall reserve ratio of 127%, remaining well above the industry security benchmark of 100%. The ample surplus reserves further strengthen the platform’s ability to withstand market volatility and potential liquidity risks, reflecting its robust asset management and risk control capabilities.
Reserve holdings for core assets continued to grow. BTC user holdings increased from 21,557 BTC in the previous report to 22,436 BTC, while Gate’s reserve holdings rose from 26,775 BTC to 27,550 BTC, representing an excess reserve ratio of 22.79%. ETH user holdings increased from 374,348 ETH to 375,429 ETH, while the platform’s reserve holdings grew from 456,798 ETH to 458,203 ETH, with an excess reserve ratio of 22.05%.
For stablecoins, total user assets across USDT, USDC, USD1, and GUSD increased from $1.336 billion in the previous report to $1.578 billion, while the platform’s corresponding reserves rose from $1.59 billion to $1.761 billion. This represents an aggregate reserve ratio of 111.63% and an excess reserve ratio of 11.63%.
In addition, major assets such as GT and XRP maintained reserve ratios well above the 100% benchmark, reaching 131.15% and 116.09%.
Gate has consistently regarded asset security and transparent governance as fundamental to the platform’s long-term development. As one of the early platforms in the industry to advance proof-of-reserves transparency, Gate continues to improve its publicly accessible and verifiable reserve mechanisms. Through technologies and solutions including zero-knowledge proofs (ZKP), Merkle tree verification, hot and cold wallet management, and user asset snapshots, Gate enhances the transparency and verifiability of reserve disclosures. At the same time, Gate continues to strengthen its internal risk management framework, implementing multiple measures such as asset segregation, access control, and security audits to enhance asset security and operational management capabilities, supporting the platform’s long-term and stable operations.
Building on its robust security and infrastructure foundation, Gate continues to expand its product ecosystem and global asset services. The platform now serves more than 59 million users worldwide and supports trading in over 4,900 crypto assets and more than 12,800 stocks and ETFs, with its stock business spanning four major markets: U.S., Hong Kong, Korean, and Japanese equities. On this basis, Gate continues to expand its stock and related financial product offerings, including Pre-IPOs, IPO Access, and gStocks tokenized stocks, providing users with diversified investment options across different stages and asset classes.
Looking ahead, Gate will continue to advance the development of its proof-of-reserves transparency, security infrastructure, and risk management systems, while continuously optimizing its product ecosystem and global service capabilities around user needs. As digital assets and traditional financial markets become increasingly integrated, Gate will continue to explore more asset classes and trading scenarios, building a more open, diversified, one-stop asset trading and management experience for users worldwide through a transparent, secure, and efficient service framework.
Details can be found here.
About GateGate, founded in 2013 by Dr. Han, is one of the world’s leading cryptocurrency and integrated financial services platforms. Serving over 59 million users globally, it supports trading across 4,900+ digital assets and 12,800+ stock assets, while providing access to a comprehensive range of TradFi assets, including metals, stocks, indices, forex, and commodities, delivering users a one-stop, multi-asset trading experience and blockchain-related services. As an industry benchmark, Gate was among the first platforms to implement 100% Proof of Reserves. Its ecosystem includes Gate Wallet, Gate Ventures, Gate for AI Agent, and a wide range of products and services.
For more information, please visit: Website | X | Telegram | LinkedIn| Instagram | YouTube
Disclaimer:This content does not constitute an offer, solicitation, or recommendation. You should always seek independent professional advice before making investment decisions. Note that Gate may restrict or prohibit certain services in specific jurisdictions. For more information, please read the User Agreement.
PANews August 3 news, according to an official announcement, Gate released its latest reserve report. As of July 27, 2026, the platform's overall reserve ratio reached 117%, significantly exceeding the industry safety benchmark of 100%. The reserves cover nearly 500 different types of user assets, continuously protecting user asset security through a verifiable mechanism. Among them, the scale of core asset reserves maintained a growth trend. The user BTC asset scale grew from 19,054 tokens in the previous period to 21,557 tokens, with the platform holding 26,775 tokens in reserve, representing an excess reserve ratio of 24.2%; user ETH assets increased from 344,935 tokens in the previous period to 374,348 tokens, with the platform's reserve holdings also growing from 423,960 to 456,798 tokens, and an excess reserve ratio of 22.02%.
In terms of stablecoins, the total user assets of USDT, USDC, USD1 and GUSD were 1.336 billion tokens, with corresponding platform reserves totaling 1.59 billion tokens, resulting in a comprehensive reserve ratio of 118.97% and an excess reserve ratio of 18.97%, reflecting the platform's emphasis on user asset security and its ability to maintain ample liquidity. Additionally, the reserve ratios for major assets such as GT and XRP were also significantly above the 100% reserve standard, reaching 131.13% and 116.5% respectively. Gate's latest reserve report shows that its core asset reserve scale remains robust, providing strong protection for the security of user funds and the stability of platform operations.
Gate US se připojila k síti BitGo Go Network Off-Exchange Settlement a institucionálním klientům umožní obchodovat bez nutnosti předfinancování, zatímco aktiva zůstávají v úschově u BitGo Bank & Trust.
Gate US joined BitGo’s Go Network Off-Exchange Settlement service on July 28, giving eligible institutional clients access to the exchange’s U.S. liquidity while their assets remain in custody at BitGo Bank & Trust, National Association.
Summary
Gate US clients can trade while assets remain segregated inside BitGo Bank and Trust custody. Ten named venues now appear on BitGo’s OES list after Gate US joins the network. BitGo Bank operates under an OCC national trust charter completed and effective in December 2025. The integration extends a broader partnership announced five days earlier. Gate US said BitGo would provide institutional custody, wallet management and risk-control technology as the exchange expands its U.S. business. Neither company disclosed financial terms, expected trading volume or a separate rollout schedule for the OES connection.
Gate US clients can trade without pre-funding the exchange Under the arrangement, an institution allocates part of its balance held at BitGo Bank & Trust for trading on Gate US. BitGo then projects the available balance to the exchange for order execution, while the underlying assets remain in segregated custody until settlement.
.@GateUS_Official is now part of BitGo’s Go Network Off-Exchange Settlement.
How it works 👇
🏛️Assets stay in segregated, regulated custody at BitGo Bank & Trust throughout the trading lifecycle
— BitGo (@BitGo) July 28, 2026 Completed trades settle through Go Network rather than requiring customers to transfer assets into a conventional exchange wallet before each transaction. BitGo’s technical documentation says Go Network settlements occur off-chain while assets remain in its cold-storage system.
Gate US Chief Operating Officer Laura Liu said the connection gives clients a framework built around regulated custody. Her description of the service as a “secure and efficient path” is a company claim. The firms have not published performance data comparing settlement speed, failure rates or costs with ordinary exchange deposits.
BitGo separates custody from trade execution BitGo Bank & Trust provides custody and settlement, while Gate US continues to operate the market and execute orders. BitGo’s disclosures identify the subsidiary as a national trust bank chartered and regulated by the Office of the Comptroller of the Currency.
The OCC’s corporate applications database shows that BitGo’s conversion from a South Dakota trust company became effective on Dec. 12, 2025. The charter authorizes fiduciary and custodial services but does not make digital assets eligible for federal deposit insurance.
The model resembles traditional-market structures where a custodian holds assets while another venue executes trades. As crypto.news previously reported, OKX US added BitGo OES for institutional clients in April. In related coverage, Binance connected to Anchorage Digital’s Atlas platform under a similar structure.
Off-exchange settlement reduces but does not remove risk Keeping assets away from an exchange can reduce exposure if the venue experiences insolvency, withdrawal restrictions or a custody breach. However, BitGo’s annual SEC filing says its OES services still create operational, regulatory and counterparty risks.
BitGo lists possible trade-data errors, delayed asset transfers, insider misconduct, cyber incidents, technology disruptions and reconciliation failures. It also warns that a participating exchange or its clients could fail to meet obligations or provide inaccurate transaction data.
Those disclosures qualify broader claims that off-exchange custody eliminates counterparty exposure. Settlement still depends on BitGo’s systems, Gate US’s execution records and enforceable agreements between the parties. The announcement did not specify supported assets, margin arrangements, settlement frequency, default procedures or separate OES fees.
Gate US said in July that it held 36 state money-transmitter licences and served 47 U.S. jurisdictions. Its legal page states that cryptocurrency accounts are not protected by the Federal Deposit Insurance Corporation or Securities Investor Protection Corporation.
Gate US expands BitGo’s institutional venue network BitGo now lists Gate US alongside Crossover Markets CROSSx, Deribit through Copper ClearLoop, Finery Markets, Gate Global, HTX, INX, KuCoin, OKX US and STS Digital. Clients may trade directly with connected venues or use BitGo Prime for aggregated access to exchanges, market makers and over-the-counter liquidity providers.
BitGo calls the expanding system its “Global Liquidity Layer.” That remains a strategic description rather than a regulated market category. Its value will depend on institutional adoption, reliable settlement and the amount of usable liquidity available through each connected venue.
The next measurable updates will be the start of client activity, the assets supported on Gate US and any disclosed settlement or volume data. The companies have not announced deadlines for those disclosures. No verified market-price reaction was directly attributable to the integration.
Entity X zvýšila svou držbu Kaspy na 1,47 miliardy $KAS, tedy zhruba 42,9 milionu USD, a je největším známým neburzovním držitelem v síti. Poslední nákup zahrnoval 6,8 milionu $KAS z Bybit, Gate a Bitget.
A wallet cluster tracked on-chain as Entity X has lifted its total Kaspa ($KAS) position to 1.47 billion tokens, valued at approximately $42.9 million at current prices, making it the largest known non-exchange holder on the Kaspa network.
Fresh Inflows From Major Exchanges The latest leg of accumulation included a fresh inflow of 6.8 million $KAS drawn from liquidity pools at @Bybit_Official, @Gate, and @Bitget. The movement confirms a pattern of deliberate, exchange-sourced buying rather than peer-to-peer transfers, suggesting the entity is actively pulling tokens off trading venues and into cold or self-custodied storage.
On-chain data shows accumulation patterns consistent with whale positioning ahead of a known catalyst, a familiar playbook in crypto, but one that tends to accelerate when the underlying technical event is concrete rather than speculative. The @kaspaunchained ecosystem has been scaling toward a broader network upgrade, adding a layer of context to the timing of these moves.
Why the Kaspa Network Is Drawing Attention Kaspa has carved out a unique place in the cryptocurrency space as a pure proof-of-work Layer 1 blockchain built on a blockDAG (Directed Acyclic Graph) structure rather than a traditional linear chain. While Bitcoin processes a single chain of blocks and discards competing ones as orphans, Kaspa's BlockDAG architecture weaves those competing blocks into the ledger itself, enabling parallel block processing at a speed that no other proof-of-work network comes close to matching.
The Toccata hard fork successfully activated on Kaspa's mainnet, marking its most significant upgrade. It transitions the network from a high-speed proof-of-work payments chain to a programmable base-layer blockchain, introducing native Layer-1 covenant systems for expressive smart contracts, zero-knowledge proof verification opcodes, and support for KRC-20 tokens, all without requiring a global virtual machine.
Following that upgrade, the network is set to scale throughput through a series of structured block rate increases, moving from the current 10 blocks per second to 25 BPS, then to 40 BPS, and ultimately targeting 100 BPS as its long-term objective. On-chain data cited by analysts indicates declining Kaspa token balances on cryptocurrency exchanges, suggesting increased movement into self-custody wallets, a pattern interpreted as indicative of long-term holding behavior rather than active trading activity.
Whether Entity X represents a single institutional player or a coordinated group remains unknown. What the on-chain record shows clearly is a sustained, directional bet on the network at scale.
Sources:
Kaspa Roadmap 2026-2027: Every Upgrade Explained, Our Crypto Talk
Kaspa touted as 2026 altcoin standout with PoW BlockDAG edge, Crypto News
Kaspa Exchange Holdings On-Chain Data, Kaspalytics
Gate zaznamenal za 7 dní čisté odlivy 207 milionů USD po tvrzení uživatele o krádeži 1,7 milionu USD. Burza poté vydala omluvu a slíbila plné vyšetření.
The exchange recorded $207 million in net withdrawals over seven days following a high-profile user theft claim that spread rapidly across crypto social media. The outflows came after a verified Gate.io user, posting under the handle @jheioff on X, alleged that $1.7 million had been drained from their account despite having every security layer the platform offers turned on.
What actually happened The user claimed their account was compromised through unauthorized changes to their security settings, even though real-name verification, two-factor authentication, and email notifications were all active. Gate.io’s initial response made things worse, not better. The exchange pushed back, saying the actions on the account appeared to be user-initiated and that no systemic breach had occurred. Gate.io CEO Dr. Han stated publicly that the situation was fully disclosed and that customer assets faced no systemic risk.
Widespread criticism followed across X and other platforms, with users questioning whether the exchange’s security architecture was sound and, more pointedly, whether Gate.io would take any financial responsibility for the alleged loss. The backlash was loud enough that Gate.io eventually reversed course, issued an apology, and committed to a full investigation.
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The apology came. The $1.7 million, as far as public reporting shows, did not.
Why users started pulling funds The $207 million in net outflows over seven days is a direct expression of that calculus. This pattern is not new for Gate. In 2023, the exchange experienced withdrawal spikes ranging from $148 million to $176 million, triggered not by a confirmed exploit but by rumors circulating online. The 2026 incident follows a similar script, except this time there is an actual user with an actual claim attached to an actual dollar figure.
Gate.io’s history adds texture to the current anxiety. The exchange has faced scrutiny over a purported 2018 incident that some analysts have connected to roughly $230 million in losses that were never publicly disclosed by the platform. Gate.io has not confirmed that characterization, but the historical narrative exists and resurfaces every time the exchange finds itself in a security headline.
What this means for the broader market For Gate.io specifically, the sustained nature of the outflows, seven days of net withdrawals rather than a single-day panic, suggests this is not pure noise. A one-day spike can be dismissed as overreaction. A week of consistent net outflows is a platform bleeding trust in slow motion.
For traders still holding funds on Gate.io, the investigation timeline is the key variable to watch. If the exchange produces a transparent account of what happened and offers some form of restitution to the affected user, it has a path back to stability. If the inquiry goes quiet, the $207 million in outflows is unlikely to be the final number.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Zakladatel Gate Dr. Han reagoval na fámy o „útoku za 1,7 milionu“ a uvedl, že jde o ověřitelný případ, nikoli o systémové riziko ani chybu zabezpečení. Gate zároveň tvrdí, že prostředky klientů jsou v bezpečí. Podle původního sdělení šlo o výběry v celkové hodnotě přibližně 49,96 ETH, 746 475 HSK a 1 565 982 USDT.
PANews July 8 news, regarding the online rumor of "Gate hacked for 1.7 million", platform founder and CEO Dr. Han posted a tweet in response: The whole story is here. After reading, you will understand some of the turbulence. Earlier, Gate's official account had already provided a complete disclosure and review of the incident.
Gate Chinese earlier stated that the online rumor "Gate hacked for 1.7 million" is not a systemic risk or a website security vulnerability, and that platform customer assets and accounts are currently safe. Gate disclosed that the user involved reset their phone and email on a new device starting July 4, and passed liveness facial verification and multiple verification codes; on July 5, again passed facial verification and submitted multiple historical transaction records from 2019 to unbind the phone number; on July 6, modified the Google Authenticator, login password, and fund password; on July 7, logged in on a historical device, passed liveness, Google Authenticator, and fund password verification multiple times, then completed 5 withdrawals to a new address, totaling approximately 49.96 ETH, 746,475 HSK and 1,565,982 USDT, and only reported the fund loss to customer service on July 8. Gate stated that all operations are traceable and verifiable, and urged users to view relevant rumors rationally.
Dr. Lin Han z Gate Group varuje, že MiCA bude fungovat jen tehdy, pokud budou všichni provozovatelé na trhu dodržovat pravidla. Neautorizované platformy podle něj dál vytvářejí neférovou výhodu.
Europe’s most ambitious crypto regulation went fully live on July 1, 2026. The Markets in Crypto-Assets framework, known as MiCA, replaced 27 separate national regimes with a single unified licensing system for crypto-asset service providers across the EU.
Dr. Lin Han, founder and CEO of Gate Group, warned in early July 2026 that MiCA’s success depends on universal compliance among crypto platforms. His position: as long as unregulated operators continue to serve EU clients, the goal of a fair competitive landscape will remain unattainable.
The compliance gap problem Licensed platforms invest heavily in compliance infrastructure, legal teams, and regulatory capital. Unlicensed overseas operators serving the same EU customer base carry none of those costs. The result is a structural imbalance that rewards ignoring the rules.
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Gate Technology Ltd, the EU-facing arm of Gate Group, obtained its MiCA CASP license from the Malta Financial Services Authority in late 2025. The license covers exchange and custody services. The company also secured a Payment Institution license under the revised PSD2 framework in early 2026.
The European Securities and Markets Authority, ESMA, has stated that non-authorized firms serving EU clients are in violation of EU law and must stop. No specific penalties for non-compliant platforms have been highlighted in present coverage.
Tether’s absence and what it signals Tether, the issuer of USDT, announced it would not pursue MiCA authorization. The company cited concerns about the reserve requirements MiCA imposes on stablecoin issuers.
USDT is the dominant trading pair on most global exchanges, and a significant volume of EU-based trading runs through it. If MiCA’s stablecoin rules effectively push the most liquid dollar-denominated asset out of compliant EU platforms, traders do not simply stop using USDT. They find other ways to access it, often through platforms that are not MiCA-authorized.
What this means for traders and the EU crypto market Smaller platforms that lack the capital to absorb MiCA compliance costs are already exiting the EU market or scaling back services.
Gate’s dual licensing, MiCA CASP plus PSD2 Payment Institution, gives it a broader service footprint than many competitors who cleared only one of those hurdles. That positioning becomes more valuable as the compliance barrier rises and fewer entrants can clear it. But its value depends entirely on regulators making that barrier real for everyone, not just the firms that volunteer to clear it.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
GateToken (GT) dokončil on-chain burn za 2. čtvrtletí 2026, při němž bylo spáleno 2 570 063,3829548 GT v hodnotě přes 17,75 milionu USD. Celkem už bylo spáleno 189 947 219 GT, tedy více než 1,311 miliardy USD.
PANews July 6 news, according to an official announcement, the on-chain burn of GateToken (GT) for the second quarter of 2026 has been officially completed, with a total of 2,570,063.3829548 GT transferred to the burn address, valued at over 17.75 million USD. Since the Gate Chain mainnet launched in 2019, GT has been subject to a continuous burn mechanism. To date, a cumulative total of 189,947,219 GT has been burned, with a cumulative burn value exceeding 1.311 billion USD (based on quarterly average price). The total token supply has been significantly reduced by approximately 63.32% from the initial 300 million.
As the sole gas token of Gate Layer, GT’s usage frequency is steadily increasing. As the underlying infrastructure, Gate Layer provides high-performance network support for applications such as Gate Perp DEX, Gate Fun, Gate Meme Go, and Gate Swap. Additionally, Gate is continuously enriching its product ecosystem. Gate Stocks has established a 7×24-hour trading service system covering the three core markets of US stocks, Hong Kong stocks, and South Korean stocks, encompassing more than 12,500 stocks and ETF assets globally. It supports fractional share trading with a minimum investment of 0.01 share and offers dividend entitlements. The platform also supports cross-broker transfers for US and Hong Kong stocks, as well as corporate actions such as stock splits and reverse splits, further optimizing the stock investment service experience. Gate will continue to implement a long-term, stable GT burn mechanism, forging a tighter positive cycle between the token economic model, real usage demand, and ecosystem expansion.
Gate Europe získala licenci MiCA CASP i licenci platební instituce, což jí poskytuje regulovaný rámec pro provoz v Evropě. V EU nyní bez schválení nesmějí působit neregulované kryptoburzy a platformy cílící na klienty z EU.
The MiCA deadline is here, which means the European market is now closed to unlicensed crypto exchanges and platforms targeting EU clients. MiCA is the biggest regulatory overhaul in digital asset history. The new framework has seen many giant exchanges like Binance exit the €10 billion market. However, some exchanges, like Gate, have successfully achieved this regulatory milestone.
So, what is the secret behind the MiCA success? The case of Gate, a crypto exchange with over 54 million global users, can provide some insight.
The MiCA Maze: A Challenge Worth Facing? MiCA has replaced Europe’s fragmented national crypto rules with a common framework for issuers and crypto-asset service providers. The regime puts authorisation, governance, client protection, operational controls, and market integrity at the centre of crypto activity in the EU.
Gate Europe enters this period with two important approvals in place. The company obtained a MiCA CASP license and a Payment Institution license at an early stage, giving its European business a regulated base for digital asset services, payment activity, and long-term regional expansion.
Platforms serving EU users now need stronger internal controls, compliance teams, reporting systems, and governance processes. Users and institutions are also placing greater focus on regulatory oversight when choosing where to trade, hold assets, or build partnerships.
The grace period closes on July 1, 2026. This period allowed crypto-asset service providers already active in the EU before MiCA’s main CASP rules applied on December 30, 2024, to continue operating temporarily while seeking authorization from their national regulator. After July 1, platforms without approval must complete their exit from the European market.
Individual users now have more information for evaluating platforms. A licensed provider operates under defined rules covering client assets, complaints, conflicts of interest, and business conduct. These standards give users a stronger basis for comparing platforms beyond fees, token coverage, and app design.
Institutional clients face an even higher bar. Banks, asset managers, fintech firms, and professional trading desks need crypto counterparties capable of passing compliance reviews, vendor checks, and legal assessments. MiCA gives these clients a common European benchmark for assessing regulated crypto service providers.
Gate’s Licensing Journey Was Eight Years in the Making Gate Europe’s compliance path began in 2018, years before MiCA became the central EU framework for crypto-asset service providers. The company describes its European regulatory work as a multi-year process built through early registrations, internal compliance development, and engagement with regional authorities.
Securing a MiCA license requires an application plus governance, risk controls, reporting procedures, operational oversight, and compliance systems capable of meeting financial supervision standards. These elements require investment across legal, product, security, finance, and management teams.
Gate Europe’s early preparation gave the company more time to build those capabilities before the final MiCA grace window. By the time authorization became central to EU market access, Gate Europe had already developed a regional compliance base designed for a supervised market.
The company’s MiCA license now supports regulated crypto-asset services across Europe, while its Payment Institution license strengthens the link between digital asset activity and payment services. Together, these approvals give Gate Europe a more complete regulatory foundation in the region.
“Europe is setting a high standard for digital asset regulation, and we view compliance as the foundation for sustainable growth in the region,” said Dr. Giovanni Cunti, CEO of Gate Europe. “We remain focused on building a secure and trusted platform for our users.”
The Licence is Only the Start Gate now faces the harder part of MiCA: maintaining the standard after approval. Authorisation gives the company market access, but supervision will test how well its controls work in practice.
That means keeping client assets properly protected, managing conflicts of interest, maintaining reliable reporting, strengthening complaint handling, and ensuring that governance decisions match regulatory expectations. It also means proving that growth across Europe does not weaken internal controls.
It’s 8-years of preparation and a head-start does give the exchange a competitive advantage that others have failed to achieve or sustain in this market.
[PRESS RELEASE – Zug, Switzerland, September 25th, 2025]
Casper Association is pleased to announce that $CSPR, the main utility token of the Casper Network, is now listed on Gate US exchange. The listing marks a key step in expanding the reach and accessibility of the Casper ecosystem in the United States.
Gate is one of the longest-running and most established cryptocurrency exchanges globally, offering a broad selection of digital assets, high liquidity, and regulatory compliance in key jurisdictions. With its strong presence in the U.S. and among international retail and institutional users, Gate US provides an important on-ramp for new users to discover and interact with the Casper blockchain.
The new listing aligns with Casper Association’s broader strategy of increasing visibility and adoption across key global markets, with a clear emphasis on expanding into the United States. As one of the most mature and active blockchain communities worldwide, the U.S. market presents significant opportunities for adoption and ecosystem growth.
“With recent advancements in the US regulatory environment and the imminent launch of US-centric projects on Casper Network, we are delighted to provide more access to $CSPR via Gate US, one of the leading exchanges worldwide,” added Michael Steuer, President and CTO of Casper Association.
The Casper Association views this listing as the first of several initiatives aimed at deepening its footprint in the American blockchain ecosystem. In addition to increasing token accessibility, the Association is actively engaging with U.S.-based partners, developers, and institutions to expand the adoption of Casper’s technology stack.
With a growing network of ecosystem users, developers, and adopters, Casper remains focused on delivering secure and scalable blockchain infrastructure to meet the needs of real-world applications.
About Gate
Gate is the U.S. home of Gate Group, one of the world’s leading crypto platforms. Purpose-built for American customers, it delivers secure and compliant spot trading powered by Gate’s global infrastructure. Beyond crypto-to-crypto trading pairs, Gate is rolling out fiat on/off ramps, custodial wallet support, and seamless local payment options. With transparency and compliance at its foundation, Gate is building trust and fueling the healthy growth of the U.S. digital asset market.
About Casper Association
Casper Network (CSPR) is a decentralized, layer 1 Proof-of-Stake blockchain designed for the real-world economy. It empowers people to openly benefit from who they are, what they do, and what they own, across borders, businesses, and communities, both within and beyond Web3.
With instant finality, upgradeable smart contracts, enterprise-grade security, and flexible permissioning, Casper’s infrastructure supports the secure tokenization, management, and exchange of assets and sensitive data across both public and private environments.
The Casper Association, a non-profit organization based in Switzerland, promotes the decentralized development and adoption of the Casper protocol, network, and ecosystem.
Learn more about Casper Network at https://casper.network.
Shiba Inu marketing specialist, Lucie, addresses the FUD surrounding the delisting of Bone ShibaSwap (BONE) from two centralized exchanges.
The Shiba Inu community received disappointing news earlier this week after OKX and ONUS announced plans to delist BONE. While OKX suspended BONE deposits on June 30, ONUS halted BONE purchases and swaps on July 1.
As expected, the delisting of BONE from two centralized exchanges sparked concerns among holders, who saw the value of their BONE holdings plummet massively.
Allegations of Manipulative Delisting Notably, Shiba Inu’s marketing lead took to X to address growing concerns about BONE’s delisting. She described the centralized exchanges as “manipulative.”
According to her, the delisting has nothing to do with BONE’s performance. She asserted that BONE isn’t even among the tokens with the lowest trading volumes on either platform. Lucie emphasized that she would not “chase” exchanges to support Shiba Inu ecosystem tokens.
Lucie Slams Centralized Exchanges She also expressed her belief in decentralized finance (DeFi), noting that the Shiba Inu team has been focused on building within the DeFi space, one that doesn’t require invasive identity checks, including KYC or even, as she sarcastically remarked, “blood samples.”.
Despite the delisting, Lucie emphasized that the team is not backing down and will focus on building out the ecosystem. She further took a swipe at centralized exchanges, claiming they usually list tokens that offer ‘big money.”
According to her, this practice enables them to continue promoting low-effort projects that often disappear within a short time.
Lucie also pointed to the failures of once-prominent centralized exchanges like WazirX, FTX, and Hotbit. Although they appeared solid at first, they were eventually exposed or exploited, serving as cautionary examples against overreliance on centralized platforms.
A Familiar Pattern Furthermore, Lucie noted that other major assets, including SHIB and XRP, have faced similar challenges. In particular, she recalled how several U.S.-based exchanges delisted XRP after the SEC filed a lawsuit against Ripple.
However, these exchanges have since relisted XRP after a federal court ruled that its secondary market sales do not violate federal securities laws.
Currently, BONE is down 18.95% over the past seven days, following its delisting from ONUS and OKX. However, it has recovered some of its losses in the past day, with its price soaring 9.5% to $0.1941.
Meanwhile, BONE remains available for trading on other centralized exchanges, such as Gate.io and HTX, which have seen over $2 million in volume in the past 24 hours.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Gate integrovala Kasplex Layer 2 na Kaspa, takže uživatelé mohou přes burzu převádět KAS mezi L1 a EVM-kompatibilním L2. Kasplex používá KAS jako jediný gas token a zaměřuje se na smart kontrakty a DeFi.
Gate has integrated Kasplex Layer 2 on Kaspa, opening a direct bridge for users to move KAS onto an EVM‑compatible DeFi environment.
Summary
Gate has connected its exchange infrastructure to the Kasplex Layer 2 network on Kaspa, enabling KAS deposits and withdrawals via L2. Kasplex uses $KAS as its sole gas and network token, aiming to bring EVM‑compatible smart contracts and DeFi to Kaspa’s high‑throughput BlockDAG chain. The integration is meant to lower user barriers, improve KAS circulation and deepen on‑chain activity across the Kaspa ecosystem. Gate has officially integrated the Kasplex Layer 2 network, allowing users to move Kaspa’s native token KAS between the Kaspa Layer 1 chain and Kasplex L2 directly through the exchange. According to Gate, customers can now “transfer KAS from Kaspa L1 to the Kasplex L2 wallet,” a step the platform says will “significantly” reduce entry barriers while “enhancing asset circulation and on‑chain interaction” for KAS holders.
Kasplex is a Layer 2 solution built on top of Kaspa’s BlockDAG‑based Layer 1 and is designed to add Ethereum‑style smart contract functionality to a network that, like Bitcoin, uses a UTXO model and has no native contract layer. In technical documentation, Kasplex describes itself as “a lightweight Rollup solution based on Kaspa,” embedding EVM bytecode into Kaspa L1 transactions and executing it off‑chain to update Layer 2 state while using Kaspa for ordering and data availability.
Kasplex’s KAS‑only gas model and DeFi goals In posts on X, the Kasplex team has stressed that the network uses bridged $KAS as its only gas token, rather than introducing a separate L2 asset, in order to “preserve economic alignment and keep value within the Kaspa ecosystem.” The project offers a two‑way bridge for moving KAS between L1 and L2 and says smart‑contract deployment is “as simple as redirecting RPC endpoints,” with the aim of making it easy for developers familiar with EVM tooling to launch applications on Kasplex.
Kasplex’s architecture is pitched as a way to unlock DeFi, NFTs and other dApps on Kaspa by combining the base chain’s high‑throughput BlockDAG design with EVM‑compatible execution. Kasplex notes that by using Kaspa L1 for canonical transaction ordering and data, its Rollup‑style design can support automated market makers, lending and borrowing markets, stablecoins and other composable protocols that “cannot be realized on the primary chain” alone.
Kaspa itself has become one of the more actively traded mid‑cap layer‑1 tokens, with a live price of about $0.0345, a 24‑hour trading range between roughly $0.0340 and $0.0353, and a recent 24‑hour volume near $26.4 million. CoinMarketCap data puts Kaspa’s all‑time high at $0.2075, meaning KAS currently trades more than 80% below its peak, a gap backers hope additional L2 utility can help narrow over time.
Kaspa community posts have framed Kasplex as “a huge milestone ahead of imminent mainnet,” highlighting growing momentum around node decentralization, liquidity pools and wallet integrations, including tutorials on bridging KAS and adding the L2 network to Kasware and MetaMask. By wiring Kasplex directly into its deposit and withdrawal rails, Gate is betting that a smoother path onto L2 will translate into more KAS moving into smart contracts, and more activity across Kaspa’s expanding DeFi stack.
Peněženka spojená s Arthurem Hayesem podle Lookonchain vybrala z Gate $2,93 milionu v HYPE. Za dvě poslední obchody údajně vydělala dohromady $508 000.
Wallet Pulls $2.93M in HYPE from GateA wallet linked to BitMEX co-founder Arthur Hayes (@CryptoHayes) withdrew $2.93 million worth of $HYPE from Gate exchange on June 23, according to on-chain analytics platform Lookonchain. The move marks the second time in two weeks the address has accumulated Hyperliquid's native token, with the two trades together generating a combined $508,000 in profit.
The wallet, identified by the address prefix 0xf7A4, has drawn consistent attention from on-chain analysts throughout 2026. As with all on-chain wallet attributions, the link to Hayes is based on analyst clustering methodology and has not been independently confirmed by Hayes himself.
A Pattern of HYPE Swing TradesThe latest buy is the most recent chapter in a busy stretch of activity tied to this address. Earlier reporting from Bitcoin.com News documented that the same wallet had deposited 115,453 HYPE worth $6.33 million into Bybit, a move later confirmed as a sale at an average of $54.81 per token. The wallet then withdrew 85,714 HYPE from Bybit at $62.69 per token, roughly three hours before that analysis was published, locking in a gain on the round trip.
Separately, in early June, Lookonchain flagged a $2.09 million HYPE withdrawal from Bybit tied to the same address. Hayes publicly denied that transaction, writing on X that he had not made the purchase. The denial came days after he disclosed exiting his entire HYPE position at prices above $72, citing macro concerns including rising energy costs and expected pressure from large AI IPOs.
Hyperliquid itself remains one of the stronger-performing assets in crypto this year. The platform operates a fully on-chain perpetual futures exchange and has cleared around $40 billion in weekly perp volume, according to CoinDesk. $HYPE hit an all-time high of $76.85 on June 16, 2026, per CoinMarketCap data, before pulling back toward current levels.
Whether the 0xf7A4 wallet represents Hayes personally or another party operating within the same cluster remains unverified. Traders will likely keep watching the address closely given its track record of well-timed entries and exits in HYPE.
Sources:
CoinDesk: Hyperliquid pulls back as Arthur Hayes exits position
Bitcoin.com News: Arthur Hayes HYPE wallet activity breakdown
CoinMarketCap: Hyperliquid (HYPE) price and market data
