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ETH $2,313.28 -1.48%
BNB $625.86 -1.00%
XRP $1.40 -1.80%
SOL $85.29 -1.26%
TRX $0.3260 +0.81%
DOGE $0.0984 -0.45%
ADA $0.2472 -2.14%
BCH $453.42 +0.30%
LINK $9.31 -1.79%
HYPE $42.73 +3.67%
AAVE $98.35 +2.88%
SUI $0.9319 -1.44%
XLM $0.1674 -2.43%
ZEC $358.83 +1.21%

competition

Gate WCTC S8 Global Trading Competition officially starts, with an 8,000,000 USDT prize pool unlocked

According to official news, the Gate WCTC S8 Global Trading Competition officially started on April 23 at 16:00:00 (UTC+8) and will last until May 20 at 15:59:59 (UTC+8). The pre-heating phase had already attracted over 5,500 teams, and with the official launch of the competition, global traders have fully entered the practical phase to compete for annual trading honors.It is reported that the total prize pool for this event reaches 8,000,000 USDT, covering various trading categories including spot, ETF, flash exchange, contracts, and TradFi, and has set up three core competition tracks: team competition, individual competition, and 1v1 king PK. Among them, the first half of the team competition has already started, focusing on a dual-dimensional competition based on trading volume and profit, unlocking a prize pool of 1,800,000 USDT; the individual competition and PK competition are also ongoing, sharing rewards of 2,000,000 USDT and 1,600,000 USDT respectively, with an overall upgrade in the competition system that balances competitiveness and participation.In addition, during the competition period, blind box treasure chests, live draw events, and multiple bonus activities will be launched simultaneously, continuously releasing incentive benefits. As the competition enters the official competitive phase, the trading feast aiming for a prize pool of tens of millions has fully kicked off.It is reported that Gate Live will start the official live broadcast on April 22 at 20:00 (UTC+8), hosted by the official host Jesse, along with guest Eden and several KOLs, focusing on the team mechanism, gameplay rules, and competition strategies of this WCTC, while discussing the current market situation. This live broadcast will also include an interactive lottery segment, with prizes including an iPhone 17 Pro and $1000 contract position experience vouchers. Users can participate in the interaction in the live broadcast room and have the opportunity to join a team or participate in the competition through the host's channel.

Data: The market's long and short competition intensifies, with the spot CVD turning negative indicating increased selling pressure, but ETF capital inflow provides support

Glassnode's latest report indicates that although buying interest remains strong, providing some buffer for prices, market sentiment is turning cautious. Data shows that the cumulative volume delta (CVD) has shifted from positive to negative, selling pressure is rising, and bearish sentiment is beginning to emerge.Meanwhile, centralized exchanges are active, and market participation remains high. In the futures market, the increase in open interest indicates a rise in risk appetite, but the funding rate for long positions has significantly decreased, and the CVD for perpetual contracts has sharply declined, suggesting that traders are more willing to pay a premium to short, while buyer initiative is weakening and bearish sentiment is intensifying.In the options market, the demand for downside protection has decreased, which may ease bearish sentiment, but the contraction in open interest could indicate profit-taking, affecting subsequent volatility. The narrowing of volatility spreads suggests that market sentiment is shifting from risk pricing to neutral.The ETF sector has become a highlight, with the MVRV ratio and net inflows of U.S. spot ETFs rising, profitability and investor interest strengthening, and trading activity significantly increasing, indicating a growing enthusiasm for participating in Bitcoin through regulated channels, with market sentiment being cautiously optimistic.In terms of liquidity, the share of hot money has decreased, and the negative change in realized market value has narrowed, indicating that old money is dominating and net outflows are easing. The supply ratio between short-term and long-term holders remains stable, and long-term holders' confidence is solid.

Gate launched the WCTC S8 Global Trading Competition on its 13th anniversary, with a total prize pool of 8 million USD

The digital asset trading platform Gate has announced that its global trading competition WCTC 2026 season (S8) has returned on the occasion of its 13th anniversary. This year's event has a prize pool of up to $8 million and has undergone multi-dimensional upgrades to the competition format, enhancing user participation through richer interactions and incentive mechanisms.According to official information, registration for the event will open on April 14, and the competition will officially start on April 23, lasting for 28 days and open to users worldwide. In terms of gameplay, while continuing the team and individual competitions, formats such as 1v1 PK have been added to further enrich participation pathways. The prize pool will be distributed based on the number of valid participants and will be supplemented with new user benefits and multiple activity incentives.It is noteworthy that this year's competition has included some TradFi trading in its statistics, with related trading volume and performance also counted in the results. As the trading competition mechanism continues to upgrade, the platform's exploration of user interaction and operational aspects is deepening, further enhancing user engagement and retention performance.In addition, Gate will launch multiple offline activities in Hong Kong during the 13th anniversary celebration, including the "GATE GALA 13" anniversary dinner at the Rosewood Hotel in Hong Kong on April 20, along with the "Gate 13 Red Carpet Ceremony" and the unveiling of the F1 Red Bull Racing team display car, as well as the "Racing the Future" outdoor exhibition at K11 MUSEA's seaside promenade from April 18 to 24.

Gate founder Dr. Han releases 13th anniversary open letter: Infrastructure capabilities will become the key to competition in the future cryptocurrency industry

On the occasion of its thirteenth anniversary, Gate founder and CEO Dr. Han published an open letter titled "Releasing the Power of Change Amidst Cyclical Transitions," reflecting on the platform's journey from early exploration to global development, and systematically elaborating on his judgments regarding industry cycles and future trends.Dr. Han pointed out that as CeFi continues to extend towards DeFi, the platform is moving from a centralized trading vehicle to a more open ecological structure. The cryptocurrency industry is shifting from "narrative-driven" to "infrastructure-driven," with the focus of competition shifting from products and scale to system capabilities and structural advantages. In the next cycle, platforms with infrastructure capabilities will no longer just be market participants but will become an important part of the rules.Dr. Han stated that Gate is gradually transitioning from a builder to a shaper of industry structure, continuously investing in trading depth, risk control capabilities, and global compliance systems, while simultaneously laying out in areas such as RWA, TradFi, DeFi, and AI. In addition, Gate is advancing its global brand building by establishing partnerships with top international sports IPs like the F1 Red Bull Racing Team and Inter Milan, accelerating connections with a broader global user base.In the future, Gate will continue to lay out around infrastructure capabilities, deepening investments in ecological connections, technological capabilities, and global systems to address a new stage of higher-dimensional industry competition.
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