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Gate will hold a themed private event on the Singapore circuit, inviting the CEO of the F1 Red Bull Racing team and VIP guests for close interactions

Gate will hold the "RACING THE FUTURE Vol 3" special event at the Singapore F1 circuit on October 8, inviting Laurent Mekies, CEO and Team Principal of the F1 Red Bull Racing team, along with over a dozen VIPs and high-end clients for exclusive discussions. The event will take place in the core area of the Singapore circuit, where Laurent Mekies will engage in face-to-face conversations with guests about the core strategies, event operations, and behind-the-scenes stories of the Red Bull Racing team, sharing the practices and experiences of a top racing team both on and off the track.This event will adopt a small-scale, targeted invitation format, placing the communication scene in the unique setting of the F1 circuit to provide VIP users with a deeper and more exclusive communication experience. As the official sponsor of the F1 Red Bull Racing team, Gate not only reaches a global sports audience through event collaborations but also further integrates top racing resources into user services and brand communication scenarios, offering VIP users exclusive opportunities to access international top sports resources and understand team operations and competitive decision-making.In addition, Gate will also host an F1 Red Bull driver meet-and-greet during TOKEN2049, inviting F1 World Champion and Red Bull Racing driver Max Verstappen and teammate Isack Hadjar to appear at the Gate Lounge, where they will interact with fans through autographs, photos, and engagement. By covering diverse scenarios such as driver interactions, management discussions, and high-level dialogues, Gate will further deepen its cross-border collaboration with the F1 Red Bull Racing team and expand the connection between digital assets and global sports, technology, and mainstream culture.

first_img Chainalysis: Singapore's crypto economy grew by 55.4%, reaching a scale of 284 billion USD

According to Cointelegraph, data from Chainalysis shows that in the year leading up to June 2026, Singapore's cryptocurrency economic activity grew by 55.4% year-on-year, reaching a scale of $284 billion, reclaiming its position as the largest crypto economy in Central Asia, Southeast Asia, and Oceania amid an overall contraction in the region.The increase was mainly contributed by institutional platforms, with such activities surging by 94% to $60 billion, concentrated among a few market makers, over-the-counter trading firms, and institutional brokers. During the same period, the total crypto economy in the aforementioned region declined by 6.8%.Chainalysis pointed out that the growth of Singapore's institutional ecosystem is highly concentrated, primarily reflected in large transactions on existing platforms rather than the entry of numerous new services. At the same time, Singapore is tightening cryptocurrency regulations while promoting tokenization, stablecoins, and digital asset settlements.In 2025, the Monetary Authority of Singapore (MAS) required local crypto companies providing services to overseas clients to obtain licenses or exit the market. StraitsX CEO Tianwei Liu believes this measure curbed speculative activities and increased the proportion of banks and large enterprises applying blockchain in production. MAS is also conducting compliance stablecoin and tokenized bank deposit pilots through the BLOOM program, with Ripple joining on March 25 to test cross-border trade settlements using RLUSD.The Philippines, Thailand, and Vietnam excel in small P2P transfers. Chainalysis statistics show that the three countries collectively recorded 5.4 million domestic and international peer-to-peer transfers under $10,000, accounting for 14.4% of global similar transactions, but only representing 2.5% of the global crypto economy.

Gate released a promotional video for TOKEN2049 in Singapore, Dr. Han will attend the event and give a speech on the main stage

As TOKEN2049 in Singapore approaches, Gate has released a promotional video for the event. In the video, Gate's founder and CEO Dr. Han shares his thoughts on continuous innovation and change, stating that the next one to two years will mark "a new starting point," and Gate will continue to advance its products, services, and market development.It is reported that Dr. Han will attend this TOKEN2049 in Singapore, delivering a keynote speech on the main stage and engaging in a fireside chat with four-time F1 World Champion Max Verstappen. During the event, Gate will set up a brand booth and exclusive lounge at the TOKEN2049 venue, providing participants with an opportunity to gain in-depth insights into Gate's products, business layout, and global ecological development.Additionally, Gate will host the Gate Gala awards dinner at the Raffles Hotel in Singapore on October 8, expecting nearly 300 global industry founders, institutional representatives, investors, content creators, and ecological partners to attend.Currently, Gate's global user base has surpassed 61 million, with the platform supporting over 5,300 cryptocurrencies and more than 12,800 stocks and ETFs, covering multiple areas including spot trading, contracts, stocks, wealth management, payments, and AI. As the business landscape continues to expand, Gate is building a global platform that encompasses diverse assets and financial services. During this TOKEN2049 trip to Singapore, Gate will focus on presenting the latest developments and future plans of the platform, opening the next phase with a more complete business map and broader global connections.

The mastermind behind the armed robbery of a cryptocurrency practitioner in Singapore was sentenced to 12 years and 11 months in prison and received 24 lashes

According to the United Morning News, seven Malaysian gangsters targeted players attending a poker game, breaking into a luxury private residence in Bukit Timah late at night, armed and stealing over 4.9 million dollars, quickly splitting into two groups to escape Singapore. Six of them pleaded guilty in the High Court on Monday (September 14), with the two masterminds sentenced to 12 years and 11 months in prison, 24 strokes of the cane, plus a fine of 4,000 dollars.In court, it was revealed that the masterminds, Wu Wentong (30 years old) and Huang Zhishan (35 years old), learned from a friend who had previously attended the poker game that the house often held poker games at night. After scouting the location, they discovered that the front door of the house would not be locked during the game. Wu Wentong and Huang Zhishan then recruited five other accomplices, specifically coming to Singapore to commit the crime. This armed robbery occurred around 2 a.m. on April 18, 2024, at a residence in the upscale Alper Wang Garden area, where 11 men and women were playing poker in the living room.According to the case details, around March 2024, Wu Wentong and Huang Zhishan decided to rob the poker players at the house due to financial issues. They knew that they could not carry out such a large-scale robbery with just the two of them, so they contacted Hamidun, who runs a private security company and provides debt collection services, to help gather a team, promising a reward of 1.5 million ringgit (approximately 470,000 Singapore dollars). After the group succeeded, they left in a multi-purpose vehicle, splitting into two groups to leave Singapore via the Tuas and Woodlands checkpoints. At the same time, several players in the private residence managed to free themselves from their restraints and reported the robbery to the police. With the assistance of the Royal Malaysia Police, the six defendants were arrested between late April and November 2024 and were extradited to Singapore for prosecution. The police have since recovered virtual currency worth 1.69 million dollars, while the remaining funds and property are still missing.
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