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Gate Money launched a promotional event for account opening, where new users who open a USD-named account can receive up to 100 USDT

According to the official announcement, Gate Money will launch the "Account Opening Gifts" event from October 28 at 16:00 to November 11 at 16:00 (UTC+8). During the event, users who complete registration and identity verification, successfully open an account for the first time, and complete a valid bank transfer will have the chance to receive random rewards ranging from 2 to 100 USDT.After the event ends, Gate will randomly select up to 5,000 users who pass the qualification review, with each person eligible to receive a random reward of 2 to 100 USDT. Each individual can claim the reward once, and no trading or purchase of financial products is required. The specific account opening and reward rules are subject to the official announcement.Gate Money is an integrated financial service application within the Gate App, facilitating cross-border capital flow and daily consumption scenarios. Eligible users can directly open a USD bank account in their own name with one click through the Gate App. The platform supports cross-border deposits and withdrawals in four major fiat currencies: US Dollar (USD), Euro (EUR), British Pound (GBP), and United Arab Emirates Dirham (AED) via SWIFT, and integrates functions such as Convert asset exchange, Earn financial management, Gate Card consumption, and Pay payment, achieving efficient connections from global fund transfers, multi-currency asset management to daily payments.

first_img Blink Wallet charges a monthly fee of 1 USD for idle custodial accounts, encouraging users to switch to self-custody

Blink Wallet, a Bitcoin wallet, announced a monthly idle fee of $1 for custodial accounts that have not logged into the app for 12 consecutive months. This adjustment was initiated at the beginning of September through a change in the terms of service and push notifications were sent to inactive users, with the first deduction completed in mid-October. According to a blog post released by the company, users who log back in within 12 months will have the deducted fees refunded.This fee applies only to custodial accounts and aims to alleviate the burden that inactive accounts place on the startup. The announcement stated that these accounts incur ongoing costs related to ledger and infrastructure maintenance, record verification retention, compliance monitoring and reporting, as well as support for claims, which were previously shared by active users through regular in-app transaction fees. Sources told Bitcoin Magazine that approximately 100,000 accounts met the criteria for inactivity at the time of the first deduction, with a total balance exceeding $800,000. The first deduction collected about $45,000, primarily from accounts that had been idle for over a year with small Bitcoin balances. Blink Wallet originated from the Bitcoin adoption wave in El Salvador, initially named Bitcoin Beach Wallet, and was an early custodial Lightning Network wallet that introduced the Stable Sats feature to hedge value against the US dollar. The wallet was spun off from the founding company Galoy in October 2024, operated by Lukas Duczko and a new board, with Duczko holding a controlling stake, while Galoy continues as a service provider and minority shareholder, also establishing the Bitcoin Beach Fund.In recent years, custodial wallets have faced overall pressure, with Wallet of Satoshi, Alby, and Blue Wallet successively halting custodial wallet services and shifting to self-custody infrastructures like Spark. The EU MiCA regulations regarding licensing and KYC compliance requirements are an important backdrop. Blink launched a self-custody wallet supported by Spark in June 2026, and its user base is still adapting to this transition. On September 19, hackers withdrew 6.61 Bitcoins from custodial wallet users through compromised management tools, and the company's investors subsequently announced that they would fully compensate affected users.

Gate Q3 institutional business growth accelerated: CrossEx's assets surged by 902%, with trading volume and the number of trading users increasing by 63% and 315% respectively

According to the "Q3 2026 Report" released by Gate, the platform's institutional business continues to grow, with cross-market trading, asset custody, and professional fund services further expanding.Among them, CrossEx has seen significant improvements in several core indicators, with quarterly trading volume increasing by 63% month-on-month, asset custody increasing by 902% month-on-month, the number of trading users growing by approximately 315% compared to Q2, and the number of fund users increasing by 95%.In terms of products and infrastructure, CrossEx has added mainstream exchanges, Lighter contracts, real stocks, and ETF trading scenarios, and launched features such as RPI Orders and arbitrage opportunity displays. CrossEx Colo services have officially launched, with order placement concurrency and multiple transaction reporting delays optimized by about 50%, and the highest fees for certain trading scenarios reduced by 50%. During the same period, Gate's institutional cumulative borrowing volume increased by 412.02% month-on-month.In addition, the Gate SuperLink ecosystem has added two banking partners, ABN AMRO and Pave Bank, and deepened cooperation with custodians such as Copper and BitGo. OES clients can now access CrossEx, participating in trading across multiple exchanges through a unified margin pool under an isolated custody model, further expanding institutional clients' cross-market asset allocation and trading options.
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