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Gate held a VIP exclusive reception for the F1 Singapore Grand Prix, witnessing Verstappen's pole position victory alongside guests

From October 9 to 11, Gate, as the official sponsor and long-term partner of the F1 Red Bull Racing Team, hosted a VIP exclusive hospitality event during the 2026 F1 Singapore Grand Prix, inviting dozens of global VIP clients, core partners, and special guests to experience the unique charm of top-level motorsport. During the event, Red Bull Racing driver Max Verstappen started from pole position and ultimately won the race, achieving Pole to Win, while invited guests witnessed this exciting moment and shared in the joy of victory.This VIP hospitality event combined race viewing, premium reception, and exclusive brand experiences, providing invited guests with F1 Paddock Club luxury box viewing and brand interaction experiences. The Gate brand logo appeared in several key locations, including the rear wing, front wing, driver helmets, and race suits of the Red Bull Racing cars, showcasing the depth of the collaboration between the two parties. Previously, Gate had invited Red Bull Racing drivers Max Verstappen and Isack Hadjar to participate in a driver meet-and-greet and exclusive handprint ceremony during the TOKEN2049 event in Singapore, and hosted VIP private events to further enrich the forms of collaboration.From the TOKEN2049 international industry event to the F1 Singapore Grand Prix, Gate deeply integrates global top-tier event resources with high-end customer experiences, deepening its strategic cooperation and global partnership with the Red Bull Racing Team, expanding brand international influence, and promoting the integration of Web3 with mainstream culture.

Analyst: The turnover of long-term holders of BTC has increased, and the release of phase selling pressure may reduce resistance for subsequent price increases

On-chain analyst Murphy posted on platform X that long-term holders (LTH) of Bitcoin have cumulatively transferred approximately 32,000 BTC to exchanges, marking the second-largest single-day inflow since the significant drop on February 5 of this year. However, during the same period, U.S. government-related wallets transferred about 17,200 BTC to Coinbase Prime. Considering that this platform serves as the official custodian and trading service for the U.S. Marshals Service, these transfers do not necessarily indicate selling.Excluding this portion, the noteworthy potential selling pressure is approximately 14,800 BTC, primarily coming from long-term holdings aged 6 to 12 months and 3 to 5 years. Murphy pointed out that the average coin age of spent long-term holder coins reached 712 days, up from 651 days on July 14, indicating that earlier holdings are gradually participating in turnover. He believes that the distribution by long-term holders during the transition phase between bull and bear markets is not necessarily bearish; the release of periodic selling pressure can help in the redistribution of holdings, with the key being whether market demand can effectively absorb it. If new funds can digest the supply, sufficient turnover may actually reduce resistance for subsequent market movements.

first_img Moonshot executives plan to settle shareholder disputes before the IPO in Hong Kong

According to Reuters, citing informed sources, executives from the Chinese artificial intelligence company Moonshot are negotiating a settlement with a shareholder over a legal dispute ahead of their planned IPO in Hong Kong. The shareholder is seeking compensation for alleged misconduct, and the negotiations have not been previously reported; it is currently unclear whether a settlement is imminent.Recurrent.ai and some of its investors accused Moonshot in a letter to investors' lawyers dated March 11, 2026, that CEO Yang Zhiling and CTO Zhang Yutao made false statements to Recurrent investors and profited at Recurrent's expense. Company records show that the two co-founded Recurrent.ai in 2016 and established Moonshot in 2023, and they remain directors of Recurrent Holdings; the dispute has been in arbitration in Hong Kong since 2024. The letter also stated that key model data servers had been transferred, other data had been deleted, and the two established Moonshot without board authorization. Reuters stated it could not independently verify the allegations.Informed sources said that Recurrent received 9.5% of the original shares when Moonshot was established and is now seeking compensation equivalent to 10.5% of the original shares; based on a valuation of $30 billion during the June financing, this portion could be worth over $700 million. Reuters reported in September that Moonshot had secretly submitted an IPO application in Hong Kong. One informed source stated that the dispute is not expected to jeopardize the listing, but if unresolved, it could lead to governance, equity, and disclosure issues. Yang Zhiling previously denied the allegations, and his lawyer stated that the case lacks legal and factual basis.
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