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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.

Gate Money promotes the All in One strategy to expand new scenarios for global financial services

BlockBeats published an in-depth article titled "All in One is the Only Way Out," focusing on the industry trend of cryptocurrency trading platforms transforming into comprehensive financial services, using Gate Money as an example to analyze the development potential of integrated global asset trading, daily payments, and wealth management.The article points out that as user demands extend from cryptocurrency trading to multi-asset allocation, cross-border consumption, and idle fund management, All in One is becoming an important direction for trading platforms to explore business growth. Gate currently supports over 5,400 digital assets and 12,800 stock assets, while Gate Money further integrates multi-currency accounts, exchanges, payments, and wealth management functions, supporting over 60 currencies and planning to expand services for stocks, ETFs, and gold. At the same time, the platform connects eligible stock assets with consumption scenarios through an automatic recharge feature, with Money Earn offering an annualized yield of up to 3.6%.BlockBeats believes that as financial demands become increasingly diversified, the ability to allow assets to flow freely between investment, management, and payment, while continuously meeting users' actual needs, will become an important direction for cryptocurrency platforms to build long-term competitiveness. Gate Money not only integrates product functions but also connects global assets with real financial needs, promoting cryptocurrency platforms to extend into broader and more frequent financial service scenarios, opening new space for the evolution of the global financial service landscape and long-term industry growth.

first_img THORChain plans to execute the v3.21 upgrade on October 23, fixing vulnerabilities to promote the restart of Rujira

According to The Defiant, THORChain announced that its v3.21 upgrade will fix the FIN contract vulnerability on Rujira and allow the previously paused application layer to restart. The network has set the upgrade target at block height 28,366,100, with an expected time around October 23. After the restart, trading, lending, borrowing, and automated trading on Rujira will resume. Rujira's products run through smart contracts within THORChain, rather than on an independent blockchain, and the application layer can pause these contracts without affecting the underlying layer of THORChain.According to Rujira, the vulnerability was discovered on September 26, when an attacker transferred a custom concentrated liquidity position without holding a position. The team paused the application layer with the support of node operators, and only one position from the Rujira team itself was affected, with no loss of user funds. Rujira attributed the vulnerability to a flaw in the position transfer function, rather than the trading logic of the liquidity strategy. On September 27, Rujira stated that the fix is located at the underlying layer and has been scheduled for the v3.21 upgrade.Regarding the restart window, Rujira proposed a conditional grace period in its plan on October 15: if the application layer is ready to resume, any credit account position with a loan-to-value ratio above 100% and meeting liquidation conditions will request node operators to pause the credit account contract for an additional 24 hours, allowing borrowers to replenish collateral before liquidation resumes. Borrowers can replenish collateral through Rujira Borrow or by directly transferring assets to the credit account address. Rujira indicated on October 10 that positions still deemed unsafe after the grace period may be liquidated when the liquidator triggers the process.
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