ToTheYUE

$LINK Spot Chainlink ETF Receives $2.68 Million Inflow ✨
The Spot Chainlink ETF has seen an inflow of $2.68 million.
🔹 Inflow amount: $2.68 million
🔹 This move ends a two-week period of stagnation
🔹 Total holdings rise to 1.78% of the LINK supply
Following this inflow, the amount of LINK held by funds has become more visible within the supply and is interpreted as a renewed demand signal for the ETF.
DYOR 🔎 NFA ✔️
#SummerCreationCamp #夏日创作营

$TSLA
Tesla Stock in the Spotlight with Over 14% Drop ✨
Tesla stock experienced a sharp pullback of over 14% today following yesterday's earnings report. The stock fell to around $235 during the day, reaching its lowest level in nearly a year and ranking among the biggest losers in the S&P 500. Year-to-date losses have reached 28%, making it the weakest performer among the Magnificent Seven.
🔹 The stock fell 14.3% today to around $320.66, briefly reaching $235.
🔹 Q2 adjusted earnings per share were $0.33, compared to an expectation of $0.55, representing an approximately 18% year-over-year decrease.
🔹 Revenue was $28.2 billion, a 26% increase, exceeding expectations.
🔹 Gross margin narrowed to 16.9%, a contraction of over 2 percentage points.
🔹 Free cash flow was negative $1.1 billion, the first negative quarter in over two years.
🔹 Capital expenditures increased to approximately $6 billion in the quarter, almost doubling.
🔹 The full-year investment plan is over $25 billion, compared to $8.5 billion last year.
🔹 Morgan Stanley lowered its price target from $417 to $400.
Strong vehicle deliveries supported the revenue side in the balance sheet details. Deliveries increased by approximately 25 percent year-on-year to 480,126 units. However, the average selling price fell to $42,730, and regulatory credit income weakened. Operating expenses increased due to the rise in artificial intelligence.
The company describes 2026 as a year of significant investment. Investments in the Optimus robotaxi fleet, the humanoid robot, and the chip manufacturing facility are increasing cash flow. While management emphasizes its focus on creating long-term value, the market is pricing in the pressure on profitability.
In summary, although revenue exceeded expectations, weakness in profit and cash flow, along with the increased investment plan, put pressure on the stock, and the more than 14 percent drop is attributed to this situation.
#SummerCreationCamp #夏日创作营

$US500 S&P 500 Wipes Out $900 Billion Today ✨
The S&P 500 wiped out over $900 billion in market value today. The index experienced a sharp pullback during the day, with broad-based selling led by technology.
🔹 Current level around 7407, previous close around 7513
🔹 Intraday open 7500, high 7520, low 7382
🔹 Daily change -106 points, approximately -1.41%
🔹 The technology sector has declined by approximately 6% over the past week, losing around $900 billion in value.
🔹 The S&P 500 has recently given back a large portion of its gains, led by technology.
The sell-off is driven by caution ahead of earnings season, postponed expectations of interest rate cuts, and artificial intelligence spending putting pressure on cash flow. The declines following the Tesla and Alphabet results put pressure on the index. Additionally, geopolitical tensions in the Middle East and rising oil prices weakened risk appetite.
In the forecasting market, volatility indicators rose for the S&P 500 and Nasdaq, indicating that institutional investors were rapidly updating their risk pricing.
In summary, the $900 billion wipeout stems not from a single catalyst but from a cumulative wave of selling, and the index is likely to continue its volatile course in the short term.
NFA ✔️ DYOR 🔎
#SummerCreationCamp #夏日创作营

Clarity Act's Ethics Clause Clarified, But Democrats Find It Insufficient ✨
Senator Cynthia Lummis shared the ethics requirement for the Clarity Act. The clause aims to prohibit federal officials from issuing or sponsoring digital assets for profit.
🔹 Scope includes the president, vice president, members of Congress, and high-ranking federal officials.
🔹 The ban covers activities of issuing and sponsoring digital assets for profit.
🔹 The Department of Justice will be responsible for implementation.
🔹 The clause was added to the text after negotiations with the White House.
On the Democratic side, some senators, primarily Angela Alsobrooks and Cory Booker, state that the text prepared by the Republicans is still insufficient.
🔹 The ethics clause is unclear regarding family members and existing assets.
🔹 Additional measures are requested regarding illicit finance.
🔹 Stronger provisions are requested regarding consumer protection.
While the White House describes the text as the most comprehensive ethics regulation in its history, Democrats express concern about the exclusion of the role of state attorneys general and the reliance of the implementation mechanism on the Department of Justice model.
The process is currently in the text publication and Senate voting phase. The voting window is narrowing before the early August recess, and further negotiations are expected on ethics, illicit finance, and consumer protection issues for a final agreement.
#ClarityAct
#SummerCreationCamp #夏日创作营 DYOR 🔎

UAE to Build Two New Deepwater Terminals to Bypass the Strait of Hormuz ✨
The United Arab Emirates will build two new deepwater terminals on its east coast as part of a plan to reduce its reliance on the Strait of Hormuz to zero.
🔹 The project has been agreed in principle between DP World and the Fujairah Port Authority with a 50-year concession.
🔹 Location: Fujairah area on the Gulf of Oman side, the only major UAE port area outside the Strait of Hormuz.
🔹 Terminal 1: Al Rughaylat container and multipurpose terminal with an annual capacity of 2.5 million TEU, 1.7 million tons of general cargo, and 190,000 vehicles.
🔹 Terminal 2: Dibba general cargo terminal with an additional annual capacity of 3.6 million tons.
🔹 Construction time: Phased delivery between 24 and 30 months from the start of works.
🔹 Total capacity: Will increase DP World UAE's container capacity from 19.4 million TEU to approximately 22 million TEU.
The Fujairah area has gained strategic importance in recent months following the de facto closure of the Strait of Hormuz. The strait carries approximately one-fifth of global oil and gas flows, and traffic has reportedly dropped to as low as 9 ships on days. The UAE and Saudi Arabia are operating existing pipelines at near full capacity and are planning to invest billions of dollars in new lines.
Sources indicate that the UAE is preparing for a future without the Strait of Hormuz. Foreign Trade Minister Thani Al Zeyoudi confirmed the goal of zero dependence on the Strait of Hormuz. The plan includes expanding eastern ports, building new pipelines, and strengthening rail and road connections.
The project is not intended to replace the Jebel Ali port, but rather to provide backup and uninterrupted trade. Cargo arriving at Fujairah will be transported by road and rail to Dubai, Abu Dhabi, and surrounding Gulf countries.
#SummerCreationCamp #夏日创作营
#𝐎𝐈𝐋 #Hormuz
$XTIUSD $XBRUSD $CL

Brent Oil Rises Above $100 Again in Markets ✨
Brent oil officially rose above the $100 per barrel level again, increasing by approximately 42% in just 20 days.
🔹 Current level around $100.74, intraday increase approximately 7.1%
🔹 20-day increase approximately 42%
🔹 WTI around $91.40, increase approximately 5.3%
🔹 Triggering factors: US-Iran tensions and slowdown in tanker traffic in the Strait of Hormuz
🔹 Additional pressure: Houthi-related tanker attacks in the Red Sea and increased risk in the Bab el-Mandeb pipeline
The Strait of Hormuz carries approximately 20% of global oil flow and has been effectively restricted in recent weeks. The Red Sea pipeline carries approximately 7% of global flow, and attacks on this pipeline have created concerns about a second bottleneck.
According to Goldman Sachs' scenario analysis, if the Hormuz restrictions continue, Brent crude could fall to the $110-$120 range. In a more optimistic scenario, if flows recover, prices are expected to fall to around $80 by the end of summer.
On the market side, oil stocks found support from the rise, while broader indices remained under pressure. S&P 500 futures fell by approximately 1.1%. In Europe, strategic reserves are expected to be used more sparingly this time, and OECD stocks being below the five-year average is reducing the buffer.
In summary, the $100 threshold is once again emerging as a psychological and technical benchmark, and the upward risk premium is maintained as long as supply disruptions continue.
$XBRUSD $XTIUSD $CL
NFA ✔️ DYOR 🔎
#SummerCreationCamp #夏日创作营 #Oil

$XAUUSD $XAUT $PAXG
Gold closed last week with a recovery above its major low of the year at $3,942. The metal, which repeatedly found support in the $3,840-$3,860 range between June 24 and July 1, continued to recover from around $3,960 last week, maintaining $3,942 and below as a zone of invalidity. Buyers were clearly very active in this region, and it's highly likely many investors entered the weekend with long positions.
But the real question remains: Is gold truly preparing for a sustained bullish reversal, or is a downward move still expected?
Looking at the four-hour chart, the market is still following a strong bearish pattern. The price clearly maintains a lower top lower bottom pattern, indicating that the trend remains bearish on the larger timeframe. The price action itself suggests that sellers are still in control.
The real question is, will the market form another lower top before falling again, or will it play another psychological game before the decline continues?
There's an interesting detail: for the past three weeks, every Monday has closed bearish. Either through gap-down openings or immediate selling pressure, Monday sessions generally ended in a bearish direction. Because of this pattern, it's expected that many traders will aggressively seek short positions at the open this Monday.
However, I don't think the market will immediately attack last week's low or the annual low of $3,942. Instead, I believe the market will first play a psychological game.
The expectation is that the first weakness after the open could be a liquidity hunt aimed at triggering stop-loss orders for anyone holding long positions above $4,000 over the weekend. As is known, $4,000 is an important psychological level; gold only managed to surpass this level near Friday's close, which naturally led many traders to hold positions expecting a continued rise over the weekend or overnight. That's precisely why these buyers are thought to be the first target at the open.
After trapping buyers over the weekend, gold is expected to recover and turn bullish on Monday. The aim of this move could be to shift retail sentiment from bearish to bullish. As traders begin to believe that 3,942 has become a strong long-term bottom, more people will start setting up swing buy positions with wider stop-loss orders.
However, personally, I don't believe these expectations will materialize. The trend in the larger timeframe is still bearish, and any bullish move is seen as merely a way to draw in fresh liquidity before the next major downward leg.
If the market breaks a near-lower peak during the week, many breakout traders will move into long positions. This breakout is also thought to be another trap. After enough buyers enter, the market is expected to continue its bearish structure and eventually fall below $3,942. If this happens, the next downside targets remain around $3,912 and ultimately $3,870.
That's the general outlook for next week.
Another important factor is that next week will be relatively calm, with a clear economic data calendar. Therefore, instead of the excessive manipulation and sharp volatility seen last Monday and Tuesday, a cleaner price movement is expected.
A closely watched technical level is $3,980. A full close below this level on a 30-minute candle would significantly strengthen downward momentum, potentially pushing gold directly towards the $3,900 region.
Overall, next week is thought to offer really good opportunities for short selling.
The plan will be simple. As long as the price remains above $3,980, a neutral stance will be maintained, focusing primarily on scalping. Large targets will not be pursued without confirmation. Aggressive swing short positions will be pursued after the market confirms a continuation of the bearish trend.
Staying disciplined, managing risk correctly, protecting capital, and waiting for the market to react rather than forcing a trade are the key principles for next week.
DYOR 🔎
#SummerCreationCamp #夏日创作营

The boundary dividing traditional equity markets from the continuous operation of the digital asset ecosystem is rapidly fading, driven by a growing global demand for borderless and always-on financial access. Historically, retail investors wishing to trade major United States corporations were bound by rigid geographic and temporal constraints, dictated entirely by the standard opening and closing bells of New York exchanges. The emergence of round-the-clock trading structures, particularly through the combination of fractionalized real equities and tokenized stock representations, has fundamentally shifted this dynamic. This evolution allows market participants to manage their capital and hedge exposures without waiting for regular market hours, introducing a level of flexibility previously reserved for the cryptocurrency markets.
To successfully navigate this expanding landscape, understanding the mechanical differences between traditional stock exposure and tokenized alternatives is vital for proper risk management. Real equities traded on modern digital platforms give investors direct ownership of the underlying corporate security, complete with standard shareholder protections, though they remain tied to institutional clearing schedules. Conversely, stock tokens act as synthetic derivatives, tracking the real-time spot price of the underlying equity on a one-to-one basis through collateralized reserves. This tokenized approach provides exceptional utility, allowing for instant on-chain settlement, extreme fractionalization where users can purchase minute fractions of a single high-priced share, and seamless integration with digital wallets, effectively bypassing traditional banking rail bottlenecks.
This structural shift has sparked an active debate among financial analysts regarding the long-term viability of synthetic equity exposure. Proponents argue that twenty-four-seven access democratizes the investment landscape, enabling international participants to react instantly to breaking macroeconomic indicators, corporate earnings reports, or unexpected geopolitical events that occur outside of standard Western trading windows. On the other hand, cautious market commentators point out that overnight trading often suffers from thinner liquidity, which can result in wider bid-ask spreads and sudden price slippage during periods of low volume. Furthermore, holding tokenized derivatives introduces specific platform counterparty risks and typically lacks the voting rights inherent in direct equity custody, a trade-off that risk-averse allocators must weigh carefully against the convenience of constant liquidity.
For investors evaluating these diverse avenues, Gate provides a comprehensive roadmap through its newly released trading guide, helping users determine which method best aligns with their individual risk tolerance and capital goals. By offering a dual framework that accommodates both real United States equity access and tokenized variants within a single, unified interface, the platform allows traders to balance long-term structural security with absolute transactional flexibility. Moving forward, keeping a close eye on how global financial regulators address the cross-border compliance of tokenized securities will be essential, and utilizing Gate to compare real-time spreads while exploring these flexible investment options remains a practical starting point for optimizing market exposure.
https://www.gate.com/blog/how-to-trade-us-stocks-24-7-gate-real-us-stocks-and-stock-token-trading-guide
#SummerCreationCamp #夏日创作营
DYOR 🔎

#USEndsLatestStrikesOnIran The claim that the US has ended its latest strikes doesn't quite match what the actual reporting shows as of today. Here's the more accurate picture.
The conflict has been on a continuous escalation track rather than winding down. President Trump declared the ceasefire "over" on July 8 at the NATO summit in Ankara, and rounds of strikes have continued in waves since then rather than stopping. The most recent major escalation came Monday, July 13, when Trump announced the US would reimpose its naval blockade on Iranian ports and, in a notably unusual move, said the US should be paid to secure the strait, floating a 20 percent toll on cargo passing through, something he called making the US the "Guardian of the Strait." Iran's foreign minister Abbas Araghchi pushed back publicly, insisting Iran has always been the guardian of the strait, before appearing to haggle over the toll figure itself, calling 20 percent too much. The US struck Iran again that same Monday, hours after the blockade announcement, and Al Jazeera's mapping coverage from just 17 hours ago shows the US has launched hundreds of air attacks across Iran over the past week alone, with at least 35 people killed and 300 wounded according to Iranian health officials.
So rather than strikes ending, what's actually happening is a now-familiar cycle, Iran attacks commercial shipping in the strait, the US retaliates with strikes, Iran hits back at US allies or interests in the Gulf, and the pattern repeats roughly every few days. Traffic through Hormuz has cratered as a result, dropping to around 13 to 25 ships crossing daily versus roughly 110 a day before the war began in February.
The core dispute remains exactly what it's been for weeks, control over the strait itself. The original June memorandum only committed Iran to using its "best efforts" for safe passage for 60 days without specifying what happens afterward, and Iran has read that ambiguity as license to eventually charge fees and maintain authority over the waterway, while the US insists the deal was meant to produce a fully open, toll-free strait. Diplomatic channels haven't fully closed either, Pakistan and Qatar have both been working behind the scenes to bring both sides back to the table, and Trump himself said the day after his "ceasefire is over" comment that he didn't want a return to full-scale war and suggested talks could continue.
For anyone tracking oil or Middle East linked risk assets on Gate, the practical takeaway is that individual rounds of strikes do pause between exchanges, which may be what's generating headlines like this one, but the underlying conflict and the naval blockade Trump reinstated this week remain very much active. The toll dispute and the broader question of who controls Hormuz after the 60-day window lapses are the things to watch, since neither has been resolved, and that's been the actual driver of every escalation cycle since the June ceasefire was signed.

#TSMCQ2NetProfitSurges77%
TSMC just delivered one of its strongest quarters on record, and the numbers genuinely exceeded what Wall Street was already expecting. Net profit for Q2 2026 came in at NT$706.6 billion, roughly $22 billion, up 77 percent year over year and marking the fifth consecutive quarter of record earnings. That comfortably beat the LSEG SmartEstimate of NT$632.6 billion, a forecast methodology weighted toward analysts who've historically been more accurate, which makes the beat even more notable.
Revenue reached NT$1.27 trillion, about $40.2 billion, up 36 percent year over year and 12 percent from the prior quarter, hitting the upper end of the company's own guidance. Gross margin came in at 67.7 percent, above TSMC's own guided range of 65.5 to 67.5 percent, with operating margin at 58.1 percent, both signaling genuine pricing power rather than just volume growth. High-performance computing, the segment covering AI accelerators and data center chips, now makes up 66 percent of total revenue, and chips built on 7-nanometer or smaller nodes accounted for 77 percent of wafer revenue for the quarter.
The forward guidance is arguably the bigger story than the quarter itself. TSMC raised its full-year 2026 capital expenditure outlook from a previous range of $52 billion to $56 billion up to $60 billion to $64 billion, an increase of as much as 15 percent, with 70 to 80 percent of that earmarked for advanced process technologies like 2nm and 3nm. Full-year revenue growth guidance was lifted from roughly 30 percent to over 40 percent year over year. CEO C.C. Wei also announced an additional $100 billion investment in Arizona, bringing TSMC's total committed US spending to $265 billion, with plans for three new fabrication plants and two advanced packaging facilities there. For Q3, the company guided revenue between $44.6 billion and $45.8 billion.
This lands at a genuinely sensitive moment for chip stocks broadly, given the sharp South Korean semiconductor selloff and the leveraged ETF volatility covered in recent sessions, where the market has been actively questioning whether AI infrastructure spending can keep justifying current valuations. TSMC's results push directly against that skepticism, since as the foundry serving essentially every major AI chip designer from Nvidia to AMD, its own guidance upgrade is about as direct a read on real AI chip demand as the market gets, rather than a downstream company's own optimistic projections about future spending.
For anyone tracking semiconductor exposure or AI infrastructure sentiment on Gate, this result is worth weighing against the memory pricing bull case and the Korean market's leverage-driven instability covered earlier this week. TSMC commands roughly 73 percent of the global pure-play foundry market, so a guidance beat and capex raise of this scale, rather than a maintained forecast, suggests the company itself sees sustained rather than peaking demand, a genuinely useful data point given how much of the current market narrative hinges on exactly that question.

#GateDEXIntegratesWithRobinhoodChain
Gate DEX has fully integrated Robinhood Chain, giving users a single Web3 gateway to discover ecosystem assets, manage wallets, trade onchain, execute cross-chain swaps, and track market activity all in one place.
This integration spans several parts of the platform at once. Gate Alpha now supports discovery and trading of Robinhood Chain ecosystem assets, with added coverage of launch platforms like Noxa fun and Bankr, giving users an early window into new projects and tokens as they surface. Gate Wallet has added native support for the network too, covering asset display, transfers, and DApp interaction, so managing holdings on this chain works the same way it does across other supported networks. Gate DEX Swap now handles both single-chain swaps within Robinhood Chain and cross-chain swaps moving assets in or out of it, and the professional trading interface supports direct market order trading on the network, with the chain-scanning tool extended to track ecosystem activity as well.
The cross-chain infrastructure behind all this runs through Across and LayerZero, connecting Robinhood Chain with Ethereum, BSC, and Base, so value isn't stuck once it lands on the new network, moving it elsewhere stays straightforward rather than requiring a separate bridge or outside tool.
To use any of this, updating to Gate App version 8.27.0 or later is required. Once updated, asset discovery runs through the Trade tab into Alpha, onchain exploration runs through DEX mode's Markets section filtered by chain, swaps happen under DEX mode's Trade and Swap flow by selecting the network on either the pay or receive side, and the more advanced Pro trading view lets users pick a token and select the network directly under all supported chains.
For anyone exploring Robinhood Chain's growing ecosystem, having wallet management, swaps, trading, and asset discovery combined into one interface removes a lot of the usual friction that comes with juggling separate wallets and bridges across networks. The practical first step is updating the app and browsing the Alpha or DEX market sections to see what's already listed before deciding what, if anything, fits into a broader strategy.

#PreIPOsSeason2OpenAISubscription Getting an early share of OpenAI's pre-IPO offering has long been a topic of discussion in the crypto world, and now that opportunity is truly within my reach.
As part of the second phase of Gate Pre-IPOs, OpenAI subscriptions have opened, and the participation threshold is kept very low; it's possible to participate with just 100 USDT. This is the most attractive point for me, because access to the pre-IPO valuation of a company of this scale is usually reserved for large institutional investors. Now, this door is open to ordinary users as well.
I participated in the subscription process myself, and the experience was simpler than I expected. From the main page, I went to the Earn section, then to the Pre-IPOs tab, selected OpenAI, subscribed with USDT, and completed the transaction with a single click. The key detail here is that the allocation calculation is done with a time-based weighting, meaning the earlier you participate and the longer you keep your position locked, the larger the final share you get. So, not being late really makes a difference.
There are additional advantages to participating. I participated with 100 GUSD. Subscribers with GUSD earn a 3.8% annual return that works daily, meaning the capital doesn't remain completely idle during the subscription period. Also, users whose total subscription amount exceeds $10,000 directly earn 1 GT, while users below this threshold share a pool of 2,000 GT.
Another reason I'm sharing this experience is the special reward opportunity on the forum. One user, chosen by the editor, can win 0.1 OPENAI shares from among those who share this post with the hashtag and share their subscription experience, tips, or screenshots. Additionally, 100 lucky users have a chance to win a $50 position experience coupon. So, not only experiencing this process but also sharing the experience with the community opens up a source of income in itself.
Of course, it's important to remember that this type of participation carries its own risks. OpenAI is not yet publicly traded, there's no definite listing date, and this product is not a direct share, but rather a certificate aimed at reflecting the company's future market value. But with a low entry threshold and flexible exit options, the potential of such an early position offers a truly attractive balance for those willing to participate while understanding the risks.
The subscription window is short, open only until 7 AM UTC on July 17th, and given the current pace of demand, a drop in the allocation rate seems inevitable. Therefore, I recommend that those considering participating act without delay. Don't forget to share your experiences in the forum using the hashtag #PreIPOs第二期OpenAI认购 – who knows, maybe your post will be this month's editor's pick!

How to participate in Gate’s Phase 2 Pre-IPOs: OpenAI (OPENAI) subscription?
🔹 Beginners can get started quickly—just 4 steps to complete the subscription process easily
🔹 Total subscription amount: 27,700 $OPENAI, subscription price: $722
🔹 Enjoy $GT airdrop rewards & $GUSD 3.8% minting yield—double benefits
🔹 VIP5+ users and super agent partners can enjoy additional free airdrops
📅 Subscription opens: July 15 at 15:00 (UTC+8)
Go to Pre-IPOs: https://www.gate.com/ipos/21
More details: https://www.gate.com/announcements/article/100622

🚀 My #PreIPOs第二期OpenAI认购 Experience – I finally got on the AI rocket! #PreIPOsSeason2OpenAISubscription
After missing SpaceX IPO because of the $100 minimum (student budget pain 😅), I told myself I won't miss the next one. And here it is – Gate Pre-IPOs Phase 2: OpenAI ($OPENAI) is LIVE!
And guys, the numbers are INSANE:
🔥 First 15 minutes: $100M+ subscribed, 424% oversubscribed
🔥 First hour: $148M, 739% rate
🔥 Now: Over $200 MILLION subscribed and still climbing!
The deal:
Total Supply: 27,700 $OPENAI shares
Unit Price: $722
Implied Valuation: $895 Billion
Min Entry: Just 100 $USDT – ultra-low threshold!
Supports: $USDT and $GUSD
Deadline: July 17, 2026 15:00 (UTC+8)
Why I subscribed instantly:
Dual Benefits: GT subscription = $GT airdrop rewards + 3.8% $GUSD minting yield. It's literally earning while you wait.
Early = More: The earlier you subscribe, the higher your allocation weight. I learned this from SpaceX round – timing matters.
VIP Bonus: VIP5+ and Super Agents get extra airdrops automatically.
I just subscribed with 100 USDT (my first real Pre-IPO!). The UI is super smooth – Gate > Pre-IPOs > OpenAI > Subscribe. Took 10 seconds.
My tip for newbies: Don't wait till last day. Oversubscription is already >700%, allocation weight drops every hour. Even small amount now is better than big amount later. And use GUSD if you have GT – double dip is real.
This is not just a stock, it's the company behind ChatGPT, the future of AI. SpaceX took us to Mars, OpenAI takes us to AGI.
If you missed SpaceX, don't miss this. This is our #我的Gate交易时刻
Subscribe now: https://www.gate.com/ipos/21
Details: https://www.gate.com/announcements/article/100622
Did you subscribe? Drop your screenshot below! Let's chase that 0.1 share and $50 voucher together!
#PreIPOsSeason2OpenAISubscription #OpenAI #GatePreIPO

📊 Gate June Transparency Report｜Global Competitiveness on the Rise
Gate has released its June 2026 Transparency Report, covering trading scale, product expansion, and compliance reach.
🔹 Reserves & Security
Total reserves stand at $8.18 billion with a 115% reserve ratio, covering nearly 500 user assets and $1.11 billion in surplus. BTC, ETH, GUSD, and other core assets maintain reserve ratios well above the 100% industry benchmark.
🔹 Trading Scale
June spot volume reached $66.1 billion, up 50.8% MoM — the fastest growth among global CEXs — with market share rising to 5.95%. Derivatives volume hit $369 billion, with OI market share at 10.8%, ranking third globally. CryptoQuant reported Gate ranks first in institutional average trade size across BTC and ETH spot and perpetual markets; CoinDesk confirmed Gate spot volume grew 11.5% — the highest growth rate among all major CEXs.
🔹 TradFi & Multi-Asset Expansion
Gate launched real stock trading for U.S., HK, and Korean markets in June, covering NYSE, Nasdaq, HKEX, KRX and more — with fractional shares starting at 0.01 and 24/7 trading on select assets. Direct IPO Access delivered its first project (SpaceX), completing the full cycle from Pre-IPOs and Direct IPO to secondary market trading. Gate Wealth officially launched, integrating digital assets, stocks, ETFs, FX, commodities, structured products, and primary market opportunities.
🔹 Ecosystem Growth
Prediction market monthly volume hit $280M, up 145%+ MoM, ranking first among Polymarket channels. ETF monthly volume approached $20B across 356 pairs. CFD copy trading average daily volume grew 29% MoM. On-chain earn TVL reached $1.154B, with ETH hitting an all-time high. Gate Layer processed over 43.8 million transactions in June, up 9% MoM.
🔹 Compliance Expansion
Gate entities now hold MiCA licenses in Europe, VARA in Dubai, FSA in Japan, MTL licenses across 47 U.S. jurisdictions, and AUSTRAC registration in Australia — building a truly global compliance framework.
📌 Full report: https://www.gate.com/announcements/article/100649
‍#GateJuneTransparencyReport

⚽ The World Cup Semifinals are here!
Only one step away from the Final — the final four are ready to battle 👇
🇫🇷 France 🆚 Spain 🇪🇸
🔥 France vs Spain — who will be the first to book a spot in the Final?

🎁 Semifinal Prediction Rewards Continue!
How to participate
1️⃣ Make your prediction for the corresponding match in the Gate Prediction Market
2️⃣ Share your prediction screenshot in the Gate World Cup Chat Group
3️⃣ After the match, users who made predictions will enter the lucky draw
🏆 10 users who share prediction screenshots will be selected from each match
🎁 Each winner will receive a 5 USDT Prediction Market Trial Voucher
💬 Join the Gate World Cup Chat Group to watch, chat, predict, and win rewards!
👉 Make your prediction:
https://gate.onelink.me/Hls0/prediction?page=detail&event_ticker=30615&source=cex
📢 Join the Gate World Cup Chat Group:
https://gate.onelink.me/Hls0/group?chatroom=mOLmaY4TpB

⏳ OpenAI ($OPENAI) Subscription Starts in 5 Hours — Anchor the Future Value of the Global AI Pioneer
🔹 Supported Tokens: $USDT & $GUSD
🔹 Subscription Window: 48 Hours Only
🔹 Subscription Dual Benefits: GT Airdrop Rewards & 3.8% GUSD Minting Yield
🔹 VIP 5+ users and Affiliate Ultras can enjoy additional free airdrops
Subscription Page: https://www.gate.com/ipos/21
More info: https://www.gate.com/announcements/article/100622

📢 Gate Square Summer Creation Camp is live — 50,000 USDT prize pool up for grabs.
Post original content with #SummerCreationCamp to join.
🎁 New creators: 50 USDT contract voucher for first post, 100 USDT voucher for consistent posting, plus 5 USDT daily lucky draws.
🏆 All creators: share 500 USDT prize pool for hitting milestones. Top content earns 20 USDT + featured placement + 7-day traffic boost.
📅 July 15 – July 27, 24:00 (UTC+8)
👉 https://www.gate.com/announcements/article/100685
‍#SummerCreationCamp #GateSquare

The margin loan balance is indeed at a record high of around 38 trillion won, a figure that first crossed this threshold on May 29th and reached 38.63 trillion won by the end of June. The increase from approximately 27.3 trillion won at the beginning of the year is close to 39 percent; while the claim of doubling might be an exaggeration, the growth rate is truly striking. The average daily balance for the second quarter reached 35.94 trillion won, representing a 15.9 percent increase compared to the first quarter average. KOSPI accounts for approximately 76 percent of this balance, while KOSDAQ's share remains relatively small. However, the margin dependency on KOSDAQ relative to its market capitalization is more than four times that of KOSPI, a significant detail explaining why KOSDAQ has experienced such sharp declines.
On the compulsory liquidation side, the figures show a truly alarming acceleration. In June, on a single day, June 23rd, the day KOSPI experienced its sharpest decline in history, compulsory liquidation reached 42.4 billion won. The situation worsened in July, with total compulsory liquidation reaching 425.8 billion won between July 1st and 10th, including 142.2 billion won in a single day on July 9th. These figures only cover one category, outstanding brokerage transactions; there is a separate compulsory liquidation channel stemming from margin credits. The compulsory liquidation ratio, the ratio of liquidated transactions to pending transactions, jumped from around 1% in January to 5.1% in June and to 10.2% on July 9th, a level brokers already consider a warning sign above 5%.
The compulsory liquidation ratio, or the ratio of liquidated transactions to pending transactions, jumped from around 1% in January to 5.1% in June and to 10.2% on July 9th. I have not been able to independently verify the figures you mentioned regarding 1.2 million accounts triggered by margin calls and 320-360 thousand accounts subject to forced liquidation. Therefore, these specific numbers should be read with caution; they may be true, but I have not encountered these exact figures in the sources I have access to. The Central Bank's own warning is clear: in the event of a significant correction in stock prices due to the increase in debt-backed investments and leveraged ETFs, individual investor losses could increase, and forced liquidations could amplify price volatility.
This situation is directly linked to the concentration risk in leveraged single-stock ETFs that we discussed earlier; together, the two explain why the Korean market has experienced such sharp and recurring declines. For those following the Korean market and related assets through Gate, the key point to watch is whether the mandatory liquidation rate will remain above 10%, as this level already exceeds brokers' own risk control thresholds, increasing the likelihood of further margin rules being tightened in the coming days, which could be a source of additional selling pressure in the short term.
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The global financial landscape is currently defined by a sharp contrast, where quiet trading activity on digital asset desks stands in opposition to major macroeconomic shifts. While on-chain indicators suggest a major cyclical bottoming process is underway for leading cryptocurrencies, the broader market remains caught in a waiting game. This silence is unfolding against a backdrop of easing monetary policy, shifting global capital flows, and escalating geopolitical tensions that are introducing fresh volatility into traditional risk assets.
For those monitoring the flagship digital asset, Bitcoin has settled into a consolidation range between sixty-two thousand and sixty-five thousand dollars, which is roughly half of its late twenty-five peak of one hundred twenty-six thousand eighty dollars. Under the surface, long-term holder selling pressure is showing clear signs of reversal. Key on-chain metrics, such as the Puell Multiple hovering just above the zero-point-five threshold, indicate that the severe capitulation of the past several months is finally beginning to run its course. This contraction in active supply and the steady migration of coins into long-term accumulation wallets mirror the patterns historically seen at major market bottoms. However, this constructive on-chain structure has yet to inspire broader market conviction, as daily spot trading volumes remain depressed near multi-year lows, showing that market participants are waiting for a decisive macroeconomic or regulatory trigger before committing new capital.
In contrast to the broader volume lag, the fundamental framework of Ethereum continues to strengthen. The network has reached a historic milestone with approximately thirty-two point four percent, representing nearly one-third, of the total circulating supply actively locked in staking contracts. With nearly forty million Ether secured by more than one point two million active validators, this massive pool of illiquid capital has fundamentally altered the asset's market structure. The ongoing accumulation is further supported by the introduction of staking yields for regulated spot exchange-traded funds, which has helped institutionalize this supply sink. By continuously reducing the immediate, liquid sell-side supply on centralized exchanges, this structural locking mechanism is providing a powerful floor for price stability, offering a strong defense against speculative spot market liquidations.
This crypto-native stabilization is occurring alongside a complex macro picture, where a dovish shift in monetary policy is providing relief to global markets. Following a series of softer inflation prints in the United States, rate-hike expectations have collapsed to historic lows, pushing Treasury yields down and lifting near-term policy pressure. This monetary tailwind is being accompanied by a highly resilient corporate earnings season, with major financial institutions and conglomerates delivering strong fundamental beats. These robust corporate results represent genuine operational strength, helping to support elevated equity risk premiums and keep broader stock markets afloat. Despite this resilience, market leadership remains dangerously narrow, concentrated in a handful of mega-cap technology and semiconductor companies that are beginning to look overextended and roll over.
This domestic concentration leaves the financial system highly sensitive to severe regional leverage and capital shifts. In South Korea, retail margin debt has surged to unprecedented levels, triggering a massive wave of forced liquidations where brokerage firms forcibly sold over one hundred forty billion won in stocks in a single day after retail investors failed to meet their short-term obligations. At the same time, global capital markets are bracing for a potential unwinding of the Japanese yen carry trade. With the yen touching historic lows against the US dollar, retail currency traders have built massive multi-trillion yen short positions against the dollar, betting heavily on aggressive currency intervention from Japanese authorities. If these low-interest yen loans are rapidly closed out, it could trigger a highly disruptive deleveraging cycle across global tech equities and other highly leveraged risk assets.
These monetary risks are further amplified by a sharp escalation in geopolitical friction in the Middle East. Recent military strikes and counterstrikes between the United States and Iran in the Strait of Hormuz have heightened fears of a broader war and halted shipping lanes in a waterway that historically handles a fifth of global energy exports. With the United Nations calling for an immediate return to diplomatic negotiations, the constant threat of shipping disruptions and energy-driven inflation spikes remains a major concern for global central banks. This combination of geopolitical tail risks and forced deleveraging in Asian markets creates a fragile macroeconomic backdrop, where sudden global shocks could easily disrupt the tentative stability seen in both traditional and digital asset markets.
For traders navigating these markets on Gate, this divergence between positive on-chain data and fragile macroeconomic conditions requires careful execution. The persistent reduction of circulating Ethereum supply and the steady accumulation of Bitcoin by long-term holders suggest a solid fundamental foundation is building under the surface. However, the elevated risk of geopolitical disruptions in the Middle East and currency-driven liquidations in East Asia means that short-term volatility could easily test current support levels. Monitoring real-time spot liquidity, keeping a close eye on global stablecoin flows, and tracking the upcoming monetary policy announcements will be essential. While the long-term setup points toward a quiet transition out of capitulation, maintaining a balanced, risk-aware approach on Gate is highly recommended as the market waits for a clearer macro direction.
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