[On-chain trading cools down while orderly deleveraging occurs; Gate strengthens multi-asset trading and risk management capabilities] According to Gate's latest weekly report, from October 19th to 25th, BTC and ETH fell by 2.42% and 3.37% respectively, but the US spot BTC ETF still recorded a net inflow of approximately $301 million; meanwhile, Gate TradFi's weekly trading volume rebounded to over $110 billion. On-chain trading, stablecoin supply, and lending volume have declined, while borrowing rates and volatility indicators have remained relatively stable, reflecting that this round of risk contraction mainly stems from the market's proactive reduction of exposure, and there has been no significant liquidity crunch. Institutional demand for trading efficiency and cross-market execution is also growing simultaneously.