Gate Cryptocurrency News and Market Analysis

Jensen Huang asserts that AI will not result in massive job losses as it requires a large workforce for infrastructure development. He describes AI as essential infrastructure, emphasizing the need for skilled labor in data centers. Nvidia benefits from the AI demand but some companies still reduce staff.

The Australian Securities and Investments Commission (ASIC) argues that blockchain and cryptocurrency should not be treated as distinct assets, but rather regulated based on their actual economic functions, emphasizing traditional financial activities.

Dogecoin has emerged as the best-performing major cryptocurrency over the past 24 hours, jumping approximately 8 percent to nearly $0.10 following Elon Musk's March 10, 2026 announcement that X Money, the payments feature on his social media platform X, will launch next month.

Thai digital asset providers have launched a "slowdown" mechanism, freezing over 10,000 suspicious crypto accounts to combat money laundering activities. This mechanism implements a 24-hour lock on transfers exceeding 50,000 Thai Baht and requires additional identity verification. While regulatory safeguards have been strengthened, the transaction experience for compliant users has been affected. Providers are also advancing cooperation with law enforcement agencies and implementing the travel rule, facing challenges due to inconsistent global enforcement.

Meta has completed the acquisition of AI community Moltbook, focusing on its identity verification technology, which is crucial for Meta's advancement of its AI agent program. Despite Moltbook facing cybersecurity issues and fake account controversies, Meta still values its core capabilities. This move reflects the increasing competition among tech giants in the AI agent market.

Expected Fed rate cuts could boost liquidity and drive capital into crypto markets. Over 28% of ETH locked in staking reduces supply and strengthens bullish pressure. Falling exchange balances signal whale accumulation and potential Ethereum price surge. Ethereum has started drawing

Ethereum perpetual contract funding rates turn negative, indicating increased demand for shorts and a clear market bearish sentiment. Institutional demand remains weak, partly due to relatively low staking yields and a lack of sustained capital inflows. On-chain data and technical developments have failed to boost confidence, but Ethereum's DeFi ecosystem still maintains a strong moat. It is necessary to observe a rebound in funding rates and improvements in transaction fee revenue to determine the future market trend.

Aave experienced a oracle failure on March 10th, resulting in the improper liquidation of approximately $26 million worth of wstETH, affecting 34 accounts. The failure was caused by a mismatch between the snapshot ratio and timestamp in the CAPO mechanism, leading to a final exchange rate lower than the market actual value. Aave will compensate using the recovered 141.5 ETH and 345 ETH provided by the DAO treasury. No bad debt occurred in the protocol.

During the Jake Paul vs. Anthony Joshua boxing match, Netflix requested that boxer Justin Cardona remove his Bitcoin sponsorship logo one week before the event but allowed exposure through a betting platform. The incident highlights the contradictions in Netflix's sponsorship guidelines and raises questions and reflections on Bitcoin sponsorships in sports. As a result, Cardona suffered financial losses and his training plans were disrupted.

In brief Lawmakers Mike Levin and Adam Schiff introduced the DEATH BETS Act on Tuesday, targeting prediction contracts on war, death, and assassination. The bill comes as CFTC Chairman Selig announced plans to expand the regulatory framework for prediction markets. Schiff previously led a

Artificial intelligence is being reframed as a fundamental utility rather than a purely productivity unlock, according to Jensen Huang, the founder of Nvidia. In a blog post this week, Huang portrays AI as essential infrastructure on par with electricity and the internet. He argues the facilities th

Stablecoin-powered fintech platform KAST has secured $80 million in Series A funding as investors place fresh bets on digital-dollar infrastructure designed to move money across borders faster than traditional banking systems. A Bet on Stablecoins: Fintech Startup KAST Expands Global Crypto

Aave experienced a temporary oracle malfunction on its Ethereum Core and Prime instances on March 10, 2026, resulting in approximately $26 million worth of wstETH positions being unfairly liquidated across 34 accounts.