Odaily News — According to an official announcement, the on-chain burn of GateToken (GT) for the third quarter of 2026 has been completed. A total of 1,987,321.2431520 GT was transferred to the burn address, with a burn value exceeding $22.35 million. As of now, the cumulative burn total of GT has reached 191,934,541 tokens, with a cumulative burn value exceeding $1.504 billion (calculated at the quarterly average price).
GT is the core platform token of Gate and the native asset of Gate Chain. It serves as a utility token and gas fee payment token on Gate Chain, supporting basic functions such as on-chain transfers within the network. Since the launch of Gate Chain's mainnet in 2019, GT has continuously implemented its burn mechanism, reducing the total token supply by approximately 63.98% from the initial 300 million. In terms of market performance, GT has shown notable upward momentum recently, rising 32.49% over the past 30 days and 63.63% over the past 90 days. Going forward, Gate will continue to advance the GT burn mechanism, strengthening GT's scarcity and long-term value foundation through sustained reduction of market supply and optimization of the token supply structure.
Odaily News: Kraken parent company Payward and Singapore Gulf Bank (SGB) have announced a partnership. Payward has connected to SGB's real-time multi-currency clearing network SGB Net, providing instant settlement services 24 hours a day, 7 days a week for institutional clients in specific jurisdictions across Asia and the Gulf region. The service initially supports USD transactions for select clients, with plans to expand client and currency coverage in the future.
Additionally, SGB will connect to Payward's institutional brokerage platform Kraken Prime to access digital asset liquidity, and plans to leverage Payward's market to provide pricing for client trades in the coming months. Currently, SGB Net processes over $20 billion in fiat transactions per month.
1. OKX has applied to the U.S. SEC to launch a tokenized U.S. stock trading platform, with plans to initially support 63 NYSE-listed stocks;
2. Yi Lihua: The crypto primary market has entered a winter, with four major issues including narrative collapse and supply-demand imbalance urgently needing resolution;
3. SKY treasury company SDEV's stock price surged over 700% in 15 days, holding approximately 2.315 billion SKY tokens;
4. OpenAI launches Codex 28-day sprint plan, requiring delivery of noticeable improvements or quota resets daily;
5. Drift Foundation: DFX is not pegged to USDT, and the Recovery Pool currently covers only about 1% of total claims;
6. Analysis: Bitcoin's upward momentum still lacks key support, and spot trading volume recovery has yet to accelerate;
7. Michael Saylor outlines Bitcoin investment framework: BTC, MSTR, and STRC correspond to ownership, leverage, and yield;
8. StonkFun: Has distributed over $90 million in rewards to reward token holders cumulatively;
9. "BAYC ruined NFTs" sparks controversy, BAYC co-founder fires back at Pranksy: "Don't forget who brought the wealth";
10. A suspected IOSG Ventures address staked 75,000 LINK, worth approximately $1.06 million;
11. Deadline October 15: U.S. crypto traders filing extended tax returns for the 2025 tax year need to verify their filing information.
Odaily News: According to Ai Yi monitoring, an early ETH holder from 2016 has shown fund movement again after approximately 6 months, depositing 13,330 ETH to Coinbase 2 hours ago, worth about $36.37 million, at a deposit price of $2,728.59.
The address's ETH cost basis was as low as $11.61. If all tokens deposited this time are sold, the estimated profit would exceed $36.21 million, with a return rate of approximately 23,402%.
Odaily reports that StonkFun, a token issuance platform on the Solana chain, has announced that it has cumulatively distributed over $90 million in rewards to reward token holders.
Additionally, StonkFun's platform revenue reached $590,300 on October 4, of which approximately $353,600 was used for buybacks, and 1.79 million STONK tokens were burned.
Odaily News: As Chinese AI labs such as DeepSeek continue to make progress, the performance lead of top U.S. AI models over Chinese models has narrowed to about 3%, down from about 9% in May this year and 15% at the beginning of the year, reaching a record low.
DeepSeek V4.1 Flash, released in September, ranked sixth globally on LiveBench with a score of 81.1, approaching Anthropic's highest score of 83.4. Robert Lea, a senior analyst at Bloomberg Intelligence, said that Chinese AI models continue to improve in specialized capabilities and optimization for domestic hardware, but commercialization still faces pressure from low profit margins, price competition, and competition among a large number of models. (Bloomberg)
Odaily reports that Michael Saylor posted on X platform stating that Bitcoin can serve different types of investors: BTC provides direct ownership, MSTR provides amplified Bitcoin exposure, and STRC provides yield opportunities with 30-day price volatility lower than all "Magnificent Seven" (Mag 7) stocks. Michael Saylor added that Digital Capital is the foundation of Digital Equity and Digital Credit.
Odaily News: On October 1, the Ethereum Foundation and Open Anonymity Project launched zkAPI on the Ethereum mainnet. The system allows users to pre-deposit ETH, USDC, and other balances, separating billing identity from requests when paying for AI and other usage-based services.
After depositing funds, users can authorize payments via zero-knowledge proofs and one-time API keys. Once the server verifies the payment proof, it generates a short-term key with a preset spending cap. AI service providers can receive prompts but will not learn the corresponding payment identity.
zkAPI does not hide prompt content, and AI service providers can still read prompts and responses; stable IP addresses, timing patterns, and repetitive behavior may also link user identities. The project's code repository labels zkAPI as an experimental project. (Bitcoin.com News)
Odaily reports: Crypto analyst Darkfost stated on X that Bitcoin spot trading volume has seen a moderate rebound since hitting a low in July, but the overall recovery remains limited. Among major exchanges, Binance's spot trading volume rose to over $50 billion in September, up from $42 billion in July; Bybit's spot trading volume increased from $14 billion in July to $19 billion; Kraken rose from $4 billion to $8 billion.
Darkfost noted that when Bitcoin hit its phase low in July, spot trading volume also fell to its lowest level since the last bear market, reflecting the weakest market interest in BTC in nearly 3 years. Since then, spot trading volume has picked up somewhat, but no significant recovery has yet emerged. Typically, moderate growth in spot trading volume accompanies a new round of upward momentum for Bitcoin, but if BTC wants to challenge new highs, the market still needs further increases in spot trading volume, especially new demand.
Odaily reports, according to Lookonchain monitoring, Machi (@machibigbrother) has profited from PUMP trades 2 more times, achieving 12 consecutive profitable trades over the past week for a cumulative profit of $2.14 million. His current long positions include 34,100 ETH, worth $92.98 million; 456 BTC, worth $39.41 million; 174,500 HYPE, worth $15.84 million; and 425 million PUMP, worth $2.72 million.
Odaily News: The Drift Foundation posted a response to community concerns, stating that DFX is not pegged to 1 USDT. For every 1 USDT of confirmed loss, users receive 1 DFX, but the ultimate redemption value of DFX depends on the balance of funds in the Recovery Pool at the time of redemption.
The Drift Foundation stated that the Recovery Pool currently covers only about 1% of the total claims amount. Users can choose to redeem DFX, or continue to hold it and retain the right to claim future inflows into the Recovery Pool, or trade it on secondary markets such as Raydium.
Odaily reports: Thibault Sottiaux, Head of Product and Platform at OpenAI, stated that over the next 28 days, Codex and ChatGPT Work will either ship one update per day that delivers a clear improvement for the majority of users, or undergo a quota reset.
Sottiaux previously said the team has clearly defined its upcoming product goals and, based on user feedback, is focusing its efforts on four areas: simplifying the product, improving efficiency and available quota, and launching breakthrough features and new models. Reports note that following Anthropic's release of Opus 5.5, community discussions comparing Claude Code and Codex in terms of model capabilities, speed, and subscription quotas have increased.
Odaily reports that according to the official website of the Hong Kong Securities and Futures Commission (SFC), the digital asset private fund "E Fund" has been added to the list of unlicensed entities, with two related websites listed. The SFC stated that "E Fund" falsely claimed on the related websites that the fund had been approved by the SFC.
According to Gate data, the US dollar against the Japanese yen (USDJPY) rose above 158.0, currently at 158.004, up 0.1% from the previous trading session's close.
Odaily News: OKX has filed an application with the U.S. Securities and Exchange Commission (SEC) to launch a tokenized stock trading platform, becoming one of the first major crypto exchanges to leverage new U.S. regulations that allow digital versions of public company shares to be traded on crypto platforms.
OKX ICE LLC, a joint venture between OKX and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, plans to apply to provide tokenized stock trading services for 63 NYSE-listed companies. Under the SEC's new framework, relevant issuers have 30 days to opt out, after which tokenized stock trading can commence. (Bloomberg)
Odaily reports that Yi Lihua, founder of Liquid Capital, stated in a post that the ongoing decline of the crypto primary market is mainly driven by four factors: first, traditional narratives ranging from whitepapers and institutional backing to TVL wash trading are gradually losing effectiveness; second, project supply is severely oversupplied, with tens of thousands of projects competing, making it significantly harder for quality projects to stand out; third, the "1+3" unlock mechanism is unfavorable to VCs; fourth, the listing costs on top-tier CEXs are prohibitively high, pushing primary market projects to seek higher valuations and larger-scale fundraising.
Yi Lihua believes that reversing the current situation requires joint efforts from leading industry participants, including improving the listing screening mechanisms of top CEXs like Binance, abolishing the "1+3" unlock mechanism, and pushing crypto projects to return to real revenue and token buybacks, so that through performance growth and value sharing, secondary market investors can genuinely identify quality projects.
