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Gate October Transparency Report: Launching Gate Money to Connect Diverse Assets, Spot Trading Share Growth Ranks Second in the World

Gate released the transparency report for October 2026. The report shows that in October, Gate officially launched Gate Money around the strategic concept of "One Gate, Everything Money," integrating global bank accounts, fiat currencies, digital assets, stocks, and payment services. Eligible users can open a global electronic bank account of the same name online. Currently, users can enjoy SWIFT cross-border payment services for four major fiat currencies: USD, EUR, GBP, and AED, with both account management fees and withdrawal fees reduced by 50%, streamlining the entire process from "account opening --- funds --- assets --- consumption."In the future, this service plans to expand to markets in Europe, Australia, Dubai, and support the receipt of over 60 local currencies. In terms of trading and wealth management ecosystem, CoinDesk's monthly "Exchange Review" shows that Gate's derivatives trading volume in October reached $394 billion, maintaining its position as the third largest global centralized exchange (CEX); spot trading volume grew against the trend by 2.1% to $49.8 billion, with a market share increase ranking second globally. Idle Money's holdings exceeded $340 million, Launchpool's monthly staking amount surpassed $575 million, and the additional rewards from Idle Money increased significantly by 61.04% month-on-month.While rapidly expanding its business, Gate continues to solidify its security foundation, with total reserves rising to $8.688 billion in October, a month-on-month increase of 5.7%, and the overall reserve ratio rising to 118.49%, ensuring comprehensive protection of user asset security with ample excess reserves.

first_img Supply chain Chuanhuida slows down chip orders, MediaTek and World Semiconductor are expected to gain more production capacity

The Industrial and Commercial Times reported on November 10 that the supply chain has recently indicated that NVIDIA intends to slow down chip orders. The report stated that NVIDIA's CEO Jensen Huang admitted to infidelity and apologized in a letter to employees on the 8th, U.S. time. The board has initiated an independent investigation to clarify whether it has been targeted by foreign intelligence activities. Foreign media disclosed that some companies authorized to handle the H200 are suspected of being shell companies, raising concerns that chips may be transshipped to mainland China through shell companies and third locations.The report indicated that stricter export reviews and the accumulation of H200 processors in Hong Kong have increased the risk of NVIDIA cutting orders, with upstream supply chain players such as TSMC and ASE being the first to bear the brunt. The supply chain revealed that there have also been rumors of NVIDIA cutting orders in wafer foundry recently, stating that this would benefit other chip manufacturers in obtaining more capacity, including AMD and cloud service providers' self-developed chips. ASIC manufacturers indicated that as long as TSMC can provide capacity, end customers will fully take on the orders. Industry sources pointed out that if NVIDIA releases capacity, companies like WorldChip, Creative, and MediaTek are expected to gain more capacity support.MediaTek estimates that the first AI accelerator aims for approximately $16 billion by 2027 and has already secured a second customer. WorldChip has also obtained a second ASIC order from a major American company and anticipates that revenue will gradually expand next year and the year after. Demand for AMD's data center business continues to exceed existing supply. AMD CEO Lisa Su stated in a recent earnings call that large cloud service providers are expanding EPYC deployments, with increased demand for AI accelerators and cabinets. The Instinct MI455X has been shipped in large quantities, and multiple cloud customers and computing power buyers have activated the first batch of Helios.
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