Gate launches Trenches: a new on chain trading product with limited time free gas fees In order to continuously optimize the platform's product system, upgrade user on chain trading services, and reduce user transaction costs, Gate platform has officially launched a new one-stop on chain trading product - Trenches. At the same time, it has launched a limited time exclusive benefit of free gas fees, bringing users a more efficient and practical on chain trading experience. Trenches focuses on the Meme social trading ecosystem, strengthening the social trading attributes of the Meme track and deeply exploring the value of the Meme trading community. It will support community interaction functions such as Callout list, KOL list, and active account display, fully meeting users' social interaction needs in the Meme trading scene, building a highly dynamic and community-based on chain trading ecosystem, and providing users with better and more comprehensive on chain trading services. Explanation of transaction fees From the time of this announcement, Trenches has officially implemented a new unified trading fee standard, with a buy and sell trading fee rate as low as 0.5%. The fee rate standard for this transaction is fully adapted to all terminals, and the specific rules are as follows: Web end: All users can enjoy a 0.5% transaction handling fee directly without any additional operation. Gate App: Full users can enjoy a 0.5% transaction fee rate synchronously. The app pages below version 8.36.0 will still display the original 0.8% rate, and the system will actually settle and deduct fees according to the 0.5% standard, without affecting users' enjoyment of preferential rates. Robinhood Chain Limited Time Gas Free Benefit To celebrate the official launch of the new product, Trenches, and to give back to the support of our users, the platform is launching an exclusive welfare activity: from the time of this announcement, users who trade Robinhood Chain assets through Trenches can enjoy a limited time free gas fee benefit. The end time of the activity will be announced separately. Support network and transaction methods Trenches has now fully covered multiple mainstream public chains, including Robinhood、SOL、ETH、Gate Layer、BSC、Base、SUI、ARB、World Chain、AVAX、Polygon、LINEA、ZK、OP、Berachain In the future, we will continue to expand the coverage of the public chain and enrich the entire chain transaction scene. Users can input token names or contract addresses through the Gate Web and Gate App to quickly query real-time token market trends and candlestick data, and directly use Gate account assets to complete on chain transactions, achieving an efficient trading experience of "search and trade" for all tokens on the chain. Gate team September 7th, 2026
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Ещё >JPMorgan Chase projects Bitcoin's annualized return to be 10%, higher than other asset classes.
JPMorgan Asset Management has included Bitcoin in its 2027 long-term investment assumptions, projecting a compound annual return of 10%, higher than the 7.5% return of US large-cap stocks, 9.8% of private equity, 7% of a 60/40 stock/bond portfolio, and 5.5% of gold. The estimated correlation between Bitcoin and US large-cap stocks is 33%. JPMorgan Chase projects Bitcoin's annualized volatility at 55% and excludes it from its primary portfolio models due to its unstable correlation with other assets. JPMorgan describes Bitcoin's investment characteristics as a speculative asset and notes that its portfolio allocation role is related to monetary easing, with adoption, regulation, and liquidity all influencing its economic characteristics. (Source: Bitcoin.com News)
More than $430 million flowed out of the US spot BTC ETF market.
According to AiCoin monitoring, a large amount of funds flowed out of the US spot BTC ETF market yesterday, with a net outflow of up to $430 million. Among them, FBTC had the largest outflow, with a net outflow of $200 million in a single day; followed by IBIT, with a total of $105 million. According to AiCoin's "Spot BTC ETF Tracking" live trading strategy, there is a significant positive correlation between ETF fund inflows and BTC prices. You can subscribe to indicators to enable the program to automatically place orders based on fund flows. Data is for reference only.
A whale holding 30,000 ETH in short positions has a floating profit of $1.59 million.
A certain whale currently holds 30,000 ETH short positions, worth $66.9 million, with an average opening price of $2,283 and a floating profit of $1.59 million. After the Binance hack, the whale closed out long positions worth over $100 million, making a profit of $17.78 million, and then opened a short position of 20,000 ETH; yesterday afternoon, it added another 10,000 ETH to its short position at $2,430.
Hyperliquid Whale Long Position Changes: Net Increase in Hynix and Nasdaq 100
From the opening of the US stock market last night until noon on November 6, 159 addresses on Hyperliquid added a large amount of long positions of approximately $295 million across 27 assets, while reducing their holdings by approximately $252 million, resulting in a net increase of approximately $43.17 million in long positions. In the storage sector, SK Hynix saw a net increase of approximately $36.43 million in its holdings, SanDisk saw a net increase of approximately $14.05 million, and Micron saw a net decrease of approximately $7.75 million. In terms of individual stocks, Circle saw a net increase of approximately $21.91 million, while Apple experienced a net decrease of approximately $46.01 million. Meta, Nebius, and AMD also saw net decreases in holdings. In terms of indices and ETFs, the Nasdaq 100 saw a net increase of approximately $29.77 million, while the S&P 500 saw a net decrease of approximately $9 million. Address 0xefe4… maintained a long position of approximately $15.5 million in SanDisk, and address 0x72655… increased its holdings in Circle by approximately $22.28 million.
Shares of LITE and MRVL fell, widening the share swap discount to 15.3%.
On Hyperliquid, LITE is trading at $535.74 and MRVL at $140.56. Based on the exchange rate of 4.5 MRVL shares for each LITE contract, the estimated exchange value is approximately $632.52. LITE is $96.78 lower, representing a discount of approximately 15.3%. The combined trading volume for both contracts over the past 24 hours is approximately $93.73 million. On the previous trading day, MRVL fell 16.43% to close at $133.55, corresponding to a share conversion reference value of $600.98 per LITE share; LITE fell 18.68% to close at $509.70, with the discount rate widening from 12.84% to 15.19%. Marvell plans to acquire Lumentum in an all-stock transaction, which is expected to be completed in the first half of 2028.