🔥 @Gate Ecosystem Update: a $909M Polymarket-channel volume milestone at #2#, Gate Money's four-currency SWIFT rails and a rally in U.S. rare earth stocks ▫️ Gate opens Futures Points Airdrop Phase 160 - October 28, 10:00 to 15:59 UTC, 0.068 SKHYG or 100 USDT position vouchers ▫️ Gate Launchpool XAUT campaign shows reference APRs - 5.71% in the USDT pool, 5.62% in the XAUT pool ▫️ Gate Prediction Markets launches Macro Prophet - 70,000 USDT prize pool through November 25, top reward 8,250 USDT ▫️ Gate Prediction Markets reaches $909M in volume - #2# among Polymarket channels, Earnings Season Challenge pool of 90,000 USDT ▫️ Gate Money opens Account Opening Rewards Campaign - random 2 to 100 USDT rewards, up to 5,000 winners, through November 11 ▫️ Gate Money supports USD, EUR, GBP and AED transfers - SWIFT access, no account opening cost, fee-free USD deposits ▫️ Gate Convert launches two trading campaigns - 100,000 USDT Trading Challenge pool, 20,000 USDT in TSLAG on the leaderboard ▫️ Gate Live starts Phase 27 check-in event - 80 Heat Points per draw, prizes include iPhone DUO, through November 11 ▫️ Gate ranks #2# in XAUT futures open interest - $159.5M, with XAG 24h volume of $253.54M at #3# ▫️ U.S. rare earth and battery stocks rally on Gate - CRML up 27.83%, ENVX 26.69%, SLNH 25.00% ▫️ Three leveraged gStocks gain over 13% - KORUG up 14.76%, SNXXG 14.27%, SOXLG 13.31% in 24h All details:

#HSCLifeRules# - Essi Lagevardi (@SuperChad15), Founder & CEO at @turtledotxyz, HSC Asset Management Singapore, October 8 For tokenized real-world assets, I think the biggest friction point is proof of reserves. If I deposit into a token or a vault, a lot of that liquidity is being bridged off-chain. What stops whoever launches it from rugging their users and sailing off into the sunset with everyone's money? There are no, or very few, checks and balances You can get a third party to attest there's money in a bank account, or GPUs in a data center. But once the attestation is done, they can withdraw the money and run off. So you need third parties that only let founders or vaults use the underlying liquidity in a pre-approved manner #HSCSingapore#

#HSCLifeRules# - Alenka (@alenka_on_x), Head of Tokenisation at @atom_fi, HSC Asset Management Singapore, October 8 Could commodities become the backbone of stablecoins? That's a great use case. But beyond that, what tokenization really improves versus the existing versions on traditional rails is credit: extending it more efficiently to support the digital economy Minerals like rare earth metals, copper, tungsten and nickel are the fundamentals of everything we cherish so much these days, like chips and data centers. Unless we resolve their limited supply and limited financing, which tokenization could help with under particular scenarios, we're not going to advance as a society #HSCSingapore#

#HSCLifeRules# - Mykolas Majauskas (@MMajauskas), Global Head of Policy at @Bybit_Official, HSC Asset Management Singapore, October 8 MiCA is great, but it's yesterday's news. It was devised some five years ago, agreed politically around three years ago and enacted a year and a half ago. Now everybody has it, and it's still not enough to make money You need an EMI license, a MiFID license, prediction products, perpetuals on equities, forex and commodities. Just holding a MiCA license is not enough. Today it's outdated - there's a consultation process going on, and it needs changing #HSCSingapore#

#HSCLifeRules# - Yat Siu (@ysiu), Chairman & Co-Founder at @animocabrands, HSC Asset Management Singapore, October 8 With perps and futures, people chase instead of thinking about the long-term hold. We've lost a little of that Bitcoin idealism, the "never sell, never sell" idea. A lot of people treat it almost as a yield asset We do believe AI agents will be among the biggest buyers and users of digital assets, but that doesn't necessarily mean Bitcoin. Bitcoin is like digital gold, maybe a hedge. We don't think it will be the primary beneficiary. More likely it's a utility asset, Ethereum at the base level or particular AI tokens, because there's usage in those systems, unlike an asset that's really there just to hold #HSCSingapore#

🔥 @Gate Ecosystem Update: 7x23-hour Gold CFD trading, gStocks' $8.4B cumulative volume and a 2,050,000 USDT WCTC S9 prize pool ▫️ Gate launches 7x23 Gold CFD trading beta - first platform with weekend access, weekend positions capped at 50x leverage ▫️ Gate Launchpool Phase 384 offers XAUT APRs - 5.81% reference APR in the USDT pool, 6.50% in the XAUT pool ▫️ Gate Prediction Market opens Earnings Season Challenge - 90,000 USDT in rewards, October 27 to November 18 ▫️ Japanese AI and chip stocks rally on Gate - Data Section up 14.50%, Ibiden 11.14%, Advantest 9.65% in 24h ▫️ Gate adds stock futures for 5 stocks including TTMI - EIDO, EQT, CSX and AXP too, 1-20x leverage, 496 stocks supported ▫️ Gate ranks #3# in ETH futures volume - $4.73B in 24h behind Binance at $9.13B and OKX at $5.41B ▫️ Gate WCTC S9 draws over 65,000 registrants - 8,041 teams, prize pool unlocked to 2,050,000 USDT ▫️ Gate Ventures weekly report shows funding rebound - 11 deals raised $107.1M, up 436% WoW, infrastructure took $90.5M ▫️ Gate gStocks passes $8.4B in cumulative volume - $2.2B in 30 days, nearly 30,000 traders, 78 tradable assets ▫️ Gate Prediction Markets launches Macro Prophet - 70,000 USDT prize pool through November 25, U.S. midterms and macro data ▫️ Gate lists Ritual (RITUAL) on spot and Convert - spot opens 13:00 UTC, 5,000,000 RITUAL CandyDrop Phase 189 ▫️ Gate Trenches launches new user campaign - 20,000 USDT pool, up to 1,056 USDT per new user, through November 3 All details:

#HSCLifeRules# - Chee Keong Teo (@1ckteo), Associate Partner at @EYnews, HSC Asset Management Singapore, October 8 I see regulators converging on technology risk, including cybersecurity, and on internal governance, internal controls and how you manage your own risk. They're modeling it on TradFi: the rules they have there, they're now replicating for crypto Where they differ is oversight, meaning which agency regulates crypto. Here in Singapore it's MAS, under the Payment Services Act. The US is still debating whether it's the CFTC or the SEC. That part hasn't converged. AML, safeguarding, governance and risk management more or less have #HSCSingapore#

#HSCLifeRules# - Jan Setina, Product Lead at @Trezor, HSC Asset Management Singapore, October 8 What we see quite often is that assets aren't lost to broken cryptography, but to mistakes, which can be product mistakes too. Users sign a transaction they don't understand because it isn't properly described in the wallet. A top priority for us is to describe what the user is doing in a human-readable way, not in hexadecimal code The second thing is backups and keys, and how users store them and behave with them. A lot of users don't know the backup needs to be secured, and they type it into scammy, phishy emails and pages. I think it's one of the major problems in the industry #HSCSingapore#

#HSCLifeRules# - David Vatchev, Head of RWA Tokenization at @FasanaraCapital, HSC Asset Management Singapore, October 8 I think we take for granted how far we've come. In the early days DeFi was very complex and esoteric for individual users. Now a lot of fintechs and exchanges have abstracted out that complexity, so you can get yield and wouldn't even know the difference. I think that will continue: interacting on-chain with the same experience as a Robinhood app or Apple Pay As more real-world assets and real-world yield come on-chain, we start to mitigate risk, because we're not all reliant on altcoins or BTC and their volatility. Productive economics on-chain will help buffer some of that #HSCSingapore#

#HSCLifeRules# - Nicholas Lo (@nic_web3), Chief Business Officer at @Bitbase_Ex, HSC Asset Management Singapore, October 8 We have seen what shared margin does inside the industry: one pair or one asset collapsed, and it caused around twenty billion in liquidations. Crypto is not just crypto anymore. Within an exchange it ties to stocks and commodities. In one single account, people hold positions across multiple assets and multiple time zones That liquidation caused some mess, but we did all right. If a similar situation happens again, it will not be just a crypto problem. My biggest concern is whether we have enough infrastructure to handle it, because we are living in a more sensitive and more integrated world #HSCSingapore#

🔥 @Gate Ecosystem Update: WCTC S9's up to 6,000,000 USDT prize pool, a new Macro Markets Hub and a top 3 open interest ranking ▫️ Gate launches WCTC S9 trading competition - over 60,000 registrations, 7,695 teams, runs through November 25 ▫️ Gate ranks #3# in 24h derivatives open interest - $13.257B, behind Binance at $33.252B and Hyperliquid at $14.861B ▫️ Gate Prediction Markets opens Macro Markets Hub - Fed rates, inflation, Treasury yields and recession odds, needs Gate App 8.41 or later ▫️ Gate ranks top 2 in XAU and XAG futures volume - XAU $179M, up 124.59%, XAG $123M, up 189.21% ▫️ Korean medical AI stocks rally on Gate - Lunit up 30.00%, VUNO 24.36%, Neurofit 19.85% in 24h ▫️ Gate Launchpool Phase 384 shares 36 XAUT - USDT, GT and XAUT pools offer 20, 8 and 8 XAUT through November 16 ▫️ Gate Event Contracts add INDEX markets - BTC and ETH 5 and 15-minute markets, One-Click Trading, rewards worth 100,000 USDT ▫️ Gate completes dividends for 67 stocks and ETFs - includes Oracle and Cisco, credited automatically in USDT ▫️ Gate Trenches launches returning user rewards - up to 65 USDT per user, Trading Sprint pool of 20,000 USDT, through November 9 ▫️ Gate gStocks tokens gain on the day - SOXSG up 2.28% to $53.03, ABBVG up 1.78%, SKHYNIXG up 1.77% All details:

#HSCLifeRules# - Don Ng, Director, Digital Assets at China Asset Management, HSC Asset Management Singapore, October 8 I believe the next big thing is still digital money market funds and other short-duration fixed income products. Accepting these assets as collateral and relying on blockchain gives people a much quicker, easier way to borrow and lend The payment rail also opens up opportunities for corporate treasury management. A corporate in Singapore probably wouldn't subscribe to a higher-yielding money market fund in Hong Kong, because a SWIFT payment takes at least one to two days. With a stablecoin payment rail they can get the money across within minutes #HSCSingapore#

#HSCLifeRules# - Theo Golden (@TFGolden), Head of Tokenized Product, International at @Broadridge, HSC Asset Management Singapore, October 8 You can meet your regulatory requirements on a public chain with off-chain processes for KYC and AML. Emma with FILQ has demonstrably proved that. We like to joke in our team that blockchains are arguably one of the best technologies ever for settlement, and one of the worst for trading Lots of things shouldn't live on chain as it stands today. KYC and AML involve me handing over documentation I don't want in the public arena. This is the ugly hybrid adoption period, and asset managers like Fidelity International and services like Broadridge are well placed to help accelerate it #HSCSingapore#

#HSCLifeRules# - Carney Mak, Partner at FXHB Asset Management, HSC Asset Management Singapore, October 8 Tokenization of commodities is something I have yet to explore, but I will. The key, like Josh said, is liquidity. If there's liquidity, we can buy and sell, come out of the market easily and make a decent profit. Why not? The second part is infrastructure. We would love to have larger corporates or partners with custody solutions in place, so we know we can really deploy strategies. Right now a lot of tokenization projects come up with a very good playbook and a very good structure, but there's no risk management and no infrastructure behind them. That's why a lot of institutional funds can't deploy #HSCSingapore#

#HSCLifeRules# - Aneirin Flynn, Co-Founder at @getfailsafe, HSC Asset Management Singapore, October 8 The economics of cybersecurity are fascinating. An attacker is always incentivized to outcompete someone who is lazy and leans too heavily on the platform they use, so the trend will always favor the attacker Now take on-chain versus off-chain. We trust the banking system and TradFi because they're slow. We designed them that way. Settlement is never instant, and the asset people care about sits in a vault. If the contract falls through, the assets are still there. So I'd say the risk is very much on the on-chain side. That's where we see the most disputes and the most risk #HSCSingapore#

🔥 @Gate Ecosystem Update: Dr. Han's DAS London and Oxford Union appearances, Glassnode's No. 1 tokenized gold ranking and new stock futures ▫️ Gate runs two Convert reward campaigns - new users earn up to 70 USDT, top leaderboard prize equals 1,888 USDT in GT ▫️ Glassnode ranks Gate #1# in tokenized gold OI - 1.7 tonnes of exposure ahead of OKX at 1.5, BTC reserves up 4.9% YoY ▫️ Gate drives 42% of gold perpetual OI growth - tokenized gold spot share rises from 0.6% in 2024 to 12% in 2026 ▫️ Dr. Han keynotes DAS London on November 10 - "One Gate, Everything Money", then speaks at The Oxford Union on November 12 ▫️ Gate releases Behind Gate: Dr. Han Singapore special - three days at TOKEN2049, goal of serving approximately 500 million users in five years ▫️ DefiLlama ranks Gate #2# in CEX spot volume - $1.6B in 24h, $6.19B on-chain assets excluding GT rank #6# ▫️ DefiLlama ranks Gate #3# in derivatives volume - $12.77B in 24h, share rises from 9.3% to 11.2% ▫️ Gate adds stock futures for 5 stocks including MDT - DHR, MXL, MSCI and HLT too, 1-20x leverage, 491 stocks supported ▫️ Dr. Han aims to double Gate Money users - target of one to two years, shared on Gatecast with a buy-coffee-with-stocks example ▫️ Gate opens 7x23 Gold CFD beta - XAUUSD trading 22:00 to 21:00 UTC for select users All details:

MERGE (@mmerge_io) Madrid runs October 27-29 at the Madrid Stock Exchange and Cibeles Palace. 3,000+ attendees, 250 speakers, one question: who builds Europe’s digital money? Four answers on stage: > Qivalis: 37 financial institutions from 15 countries behind a euro stablecoin, commercial launch slated for H2 2026 pending authorisation > Santander, with Citi, Goldman Sachs, UBS and others: reserve-backed digital money pegged to G7 currencies, on public blockchains > Trade Republic: regulated retail access to crypto inside an everyday investing app > Western Union: USDPT, a dollar stablecoin issued by Anchorage Digital Bank on Solana Programme and registration:

#HSCLifeRules# - Daniel Lee, CEO at @CactusCustody, HSC Asset Management Singapore, October 8 Most real-world asset projects I know are gated: a permissioned chain, whitelisted wallets only. That makes them harder to steal. We've done a lot to secure crypto, which is a bearer instrument. Cold wallets, MPC: those solutions are available to RWA too What a lot of people haven't looked at is the off-chain side. If someone hacks the token, I have recourse. I can freeze it if the smart contract is designed for it, burn it and reissue it, because the actual asset is still with us. With tokenized gold, the guy who stole your token doesn't have the gold. It's still in the vault #HSCSingapore#

#HSCLifeRules# - Niki Ariyasinghe, APAC VP at @chainlink, HSC Asset Management Singapore, October 8 When you think about financial services, it ultimately comes back to risk appetite and risk controls. Asset managers have probably been the leaders in moving onto public blockchains, for one fundamental reason: distribution. When they tokenize a fund, they want the widest possible investor base, and that is public blockchain. You can't do that via a walled garden Core corporate banks have taken a far more risk-averse approach and are still relatively embedded in private, permissioned blockchains. So there's a place for both, but as people get more comfortable, the usage of public is increasing #HSCSingapore#

#HSCLifeRules# - Marco Cora (@Be1garat), Director, Foundation at @zksync, HSC Asset Management Singapore, October 8 My prediction: settlement will be provided by very few chains, as we saw with sovereign money. For settlement and interop, there will probably be one or two chains, and you don't need many more For execution, with very differentiated block space and requirements, it's much easier to offer it in your own environment. A system that complies simultaneously with the banking rules of ten countries probably cannot do anything - the Venn diagram of what you're allowed to do is zero. The only solution is different systems doing different things: thousands of these environments, and very, very few settlement layers #HSCSingapore#