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UnicornVerse Founder Anna Ann expressed support for Moonveil, and the price of $MORE rebounded 132% in 48 hours.

On October 9th, the Web3 gaming ecosystem project Moonveil ($MORE) experienced a strong price rebound following the dramatic volatility triggered by the delisting of Gate's perpetual contracts. Its market capitalization has rebounded from a low of $22 million on October 7th to approximately $55 million currently, representing a 48-hour increase of over 132%. According to Moonveil's official announcement, Gate abruptly delisted 15 perpetual contracts, including $MORE, on October 6th without prior communication with the project owners and with only a less than 24-hour window for forced liquidation. This resulted in the centralized liquidation of approximately $2-3 million in open interest, causing a brief market panic. The Moonveil team subsequently issued a statement emphasizing that the foundation, investors, and core community (including the UnicornX community) had not sold tokens, and some continued to net purchase. Moonveil founder MJ tweeted, "Markets can change rapidly, but trust between people is real and enduring. We will not back down." On October 9th, Moonveil's long-term strategic investor, UnicornVerse, publicly expressed its unwavering support for the Moonveil team and the $MORE community, calling on industry platforms to enhance transparency and communication. The Moonveil ecosystem has launched several game products, including Starry Sort, Bushwhack, and Puffy Match, and plans to continue supporting market and ecosystem value through a repurchase mechanism driven by game profits.
Disclaimer: The views above are the author's only and do not represent 711BTC. Nothing here constitutes investment advice.

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07-08 20:33

Report: TradeFi contract trading volume accounted for 11% of total contract trading volume in the first five months of 2026.

According to a recent stablecoin industry report released by Binance Research on July 8th, in the first five months of 2026, TradeFi-related perpetual contracts accounted for approximately 11% of the total perpetual contract trading volume, with a cumulative trading value exceeding $1.1 trillion. Binance's trading value exceeded $500 billion, representing a market share of approximately 47%.

07-08 20:31

The Bank of Korea has released a regulatory proposal suggesting that personal stablecoin transactions exceeding $10,000 should be limited to transfers from verified wallets.

According to Mars Finance, the legal team of the Bank of Korea has published a research paper titled "Regulatory Scheme for Foreign Remittance Transactions Targeting Stablecoins," proposing regulatory recommendations for large-scale stablecoin transactions. The paper, referencing current South Korean foreign exchange control regulations, proposes constraints on stablecoin transfers exceeding $10,000 between individuals, requiring such transactions to be conducted only between officially certified wallets, along with a pre-reporting mechanism. The institution acknowledges that there are technical obstacles to fully controlling unregistered wallets, but due to anti-money laundering compliance requirements, it is necessary to strengthen restrictions on large-scale cross-border stablecoin fund flows. South Korean regulators have previously repeatedly stated the need to improve the monitoring system for cross-border crypto asset transactions using non-custodial wallets; this paper further refines and implements the regulatory approach.

07-08 20:22

Gate responded to online rumors of user asset theft: An urgent investigation is underway, and preliminary assessments indicate it is an isolated incident.

According to Foresight News , Gate responded to online reports of user assets being stolen, stating that the incident shows the customer made a withdrawal between 3:00 PM and 4:00 PM on July 7th, and reported the loss to online customer service at 5:00 PM on July 8th. Gate has initiated an investigation, and the incident is currently under urgent investigation. Preliminary assessments indicate it is an isolated case, there are no system security vulnerabilities, and the website is operating normally. Preliminary investigations suggest this incident may be related to a leak of user information; the specific details are under investigation. Gate will disclose further details as soon as the investigation concludes.

07-08 20:19

Justin Sun has staked $430 million in Ethereum on Lido, yielding an annualized return of approximately $9.5 million.

According to Odaily Lens monitoring, Justin Sun Sun has been continuously staking ETH through Lido Finance. 23 hours ago, Justin Sun staked another 13,000 ETH, worth approximately $23.08 million, bringing his total staked ETH on Lido to 247,436 stETH, currently valued at approximately $430.2 million. Data shows that since February 2023, this staking position has generated a total of 11,307 stETH staking profits, worth approximately $26.82 million. Based on the current profit level, Justin Sun position has an annualized return of approximately $9.5 million.

07-08 20:17

Guangdong: By the end of 2027, the province's urban digital infrastructure support capabilities will be significantly enhanced.

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07-08 20:10

Morgan Stanley reiterated its "overweight" rating on RKLB and raised its bullish price target to $293.

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