In Q2 2025, institutional investors increased their exposure to Bitcoin via exchange-traded funds (ETF) to $33.6 billion, according to Bloomberg ETF analyst James Seyffart and Cryptoslate data. Institutions net purchased 57,375 BTC across all tracked categories. Investment advisors led the charge with $17.4 billion in Bitcoin ETF holdings, nearly double the $9 billion held by hedge funds. Brevan Howard Capital Management emerged as the largest new institutional holder, raising its BlackRock iShares Bitcoin Trust stake to 37.5 million shares ($2.3 billion). Harvard Management Company also entered with a $117 million position. Seyffart noted that investment advisors now hold 161,909 BTC, adding 37,156 BTC in Q2. Among 15 institutional categories, all but pension funds increased their Bitcoin ETF allocations. Broker-dealers and banks ranked second and third. Despite robust growth, institutions account for just 25% of total Bitcoin ETF AUM based on 13F filings, with the remaining 75% held by non-reporting investors, mainly retail. The surge reflects growing integration of professional wealth management into Bitcoin ETFs, potentially boosting liquidity and price stability.
Perpetual swap markets use the long-short ratio—a measure based on open interest rather than trading volume—to gauge true market sentiment and capital flow. Two calculation methods exist: by account count (reflecting retail sentiment) and by weighted open interest (revealing whale positioning). When these ratios diverge, they signal potential reversals: a high account ratio but low OI ratio warns of “cautious whales” building shorts against retail longs (bearish), while a low account ratio but high OI ratio indicates “contrarian whales” absorbing sell pressure (bullish). Extreme long-short ratios also highlight crowded trades vulnerable to squeezes. For optimal timing and risk management, traders should combine long-short ratio analysis with open interest trends, funding rates, and liquidation heatmaps to identify market tops, bottoms, and high-probability trade setups.
Hyperwave Airdrop is now live, allowing DeFi users to earn Wave Points that convert into $HWAVE tokens. Season 1 runs until August 28, 2025, and allocates 16% of total $HWAVE supply to participants. Hyperwave is a DeFi SuperApp built on the Hyperliquid network. Its core products include hwHLP, a provider vault exposure to stablecoins, and hwHYPE, an automated yield vault for HYPE tokens. Partnerships with Pendle, Euler Finance, Felix Protocol, and LayerZero power cross-chain integrations and multipliers. To participate, users connect an EVM wallet, deposit USDT or USDe for hwHLP, and HYPE tokens for hwHYPE. Early deposits, referrals, and Pendle multipliers (2x–2.5x) boost Wave Points. No fees apply in the first 90 days, and tokens can be withdrawn two weeks after deposit. The referral program offers a 5% permanent bonus. Hyperwave’s airdrop targets yield-driven governance distribution. It aims to attract liquidity with zero initial fees and long-term rewards. With cross-protocol integrations, the Hyperwave Airdrop stands out as a major DeFi event for traders seeking new yield opportunities.
Web3 tooling defines the infrastructure choices for decentralized applications. The Web3 stack includes the user-facing dApp UI, blockchain infrastructure providers (RPC endpoints like Infura, Alchemy, QuickNode), data indexers for real-time queryable blockchain data, oracles and decentralized storage for off-chain information, and underlying blockchains such as Ethereum (ETH), Solana (SOL), Polkadot (DOT) and Cosmos (ATOM). Electric Capital’s Developer Report highlights that teams leveraging strong Web3 tooling attract more contributors and deploy features faster. Integrated solutions like SubQuery combine performant RPC infrastructure and scalable indexing, simplifying stack management. As the ecosystem evolves, future blockchain tooling trends will focus on cross-chain development, modular infrastructure components, AI-driven development for automating smart contract audits, query optimization and analytics, and enhanced privacy features through zero-knowledge proofs. AI-driven Web3 tooling reduces development time, minimizes errors, and enables predictive analytics for network demand and anomaly detection. Selecting the right Web3 tooling strategy is a critical investment that determines application performance, cost and scalability, ultimately shaping the success of Web3 companies.
Bullish
Web3 infrastructureBlockchain toolingData indexersAI in blockchainDecentralized applications
A decade-long undercover operation by the U.S. Drug Enforcement Administration (DEA) not only dismantled a transnational drug-trafficking network but also transformed seized illicit funds into a landmark crypto investment. From 2010 to 2020, DEA agents posed as expert money launderers, processing around $1.9 million through shell companies, offshore accounts and complex financial structures. In 2018, to maintain credibility, the team converted $150,000 of drug proceeds into 13 BTC via Coinbase. When the case files were unsealed in August 2025, the Bitcoin stash had ballooned to over $1.5 million, delivering a 1,000% return. The unexpected windfall has triggered a legal debate: should the profit be classified as seized criminal proceeds or legitimate government investment income? This episode highlights how law-enforcement’s hands-on money laundering tactics, mirroring criminal methods, yielded an unparalleled return on Bitcoin. Traders may note the broader lesson: long-term crypto holding can outperform even the most sophisticated Wall Street strategies.
Ethereum is preparing a major architecture overhaul by replacing the Ethereum Virtual Machine (EVM) with the RISC-V instruction set. This shift aims to remove performance bottlenecks in zero-knowledge (ZK) proofs—currently hampered by 50–800× slowdown from interpreter overhead and inefficiencies from 256-bit stack design and precompiled modules. RISC-V offers a minimal base of about 47 core instructions, a mature LLVM ecosystem supporting Rust, C++, and Go, and a formal SAIL specification enabling strict verification. Over 90% of zkVM projects already target RISC-V, and hardware proof paths (ASICs/FPGAs) are in testing. The migration will unfold in three phases: low-risk RISC-V precompiles, a dual-VM era with full EVM–RISC-V interop, and a Rosetta phase to reimplement EVM atop RISC-V. The upgrade promises 100× faster proof execution, potential throughput up to 10,000 TPS, and reduced costs. Optimistic rollups like Arbitrum and Optimism must revise fraud-proof mechanisms, while ZK rollups such as Polygon, zkSync, and Scroll stand to gain with cheaper, faster, and simpler operations. Developers will access native Rust, Go, and Python toolchains; users will benefit from dramatically lower ZK proof costs. Ultimately, Ethereum will evolve into a streamlined, verifiable trust layer with a “snark everything” vision.
Venture capitalist Tim Draper says altcoins serve as experimental platforms for new features before integration into Bitcoin. He notes Bitcoin’s market share climbed from 40% in the first bull cycle to about 62% today, spurred by successive adoption waves. Despite only 2,583 developers working on Bitcoin compared with over 12,900 on EVM-based chains and 9,094 on Ethereum, Draper believes Bitcoin’s network effect and top-engineer appeal remain unrivaled. He frames Bitcoin as a hedge against unchecked government spending and the soaring US debt, which has ballooned from $395 billion in 1924 to a projected $37.2 trillion by 2025. Draper reaffirms his $250,000 Bitcoin price target - first set as $10,000 in 2017 - citing Bitcoin’s resilience after reaching a record $124,450 before retracing to around $109,144. This dynamic underscores altcoins’ role in incubating innovations that strengthen the Bitcoin ecosystem and bolster its long-term bullish outlook.
Crypto security remains under siege as CertiK reports $2.47 billion in crypto hacks during H1 2025, a 3% increase year-on-year. In Q2, 144 incidents caused $800 million in losses—a 52% quarterly drop—yet February’s $1.4 billion Bybit breach drove overall growth. Nearly half of security failures stem from operational risks such as private-key compromises and social engineering. Recent cases include a $3 million USDT phishing loss and a $900 000 malicious transaction. CertiK co-founder Ronghui Gu warns that as technical defenses strengthen, attackers will increasingly exploit human vulnerabilities. He predicts crypto security losses may exceed $1 billion next year, underscoring the need for human-centric measures alongside code audits.
The Hong Kong stablecoin ordinance, effective August 2025, establishes the world’s first comprehensive regulatory framework for fiat-backed stablecoins. Under the Hong Kong stablecoin ordinance, issuers must hold 100% high-liquidity reserves and undergo regular audits. The ordinance positions stablecoins as a payment tool, not a speculative asset. It aims to slash cross-border payments costs from 3% to below 1% and enable near-instant settlement. The regulation bars secondary trading, leverage, and derivatives, and enforces strict KYC and AML requirements. Major Chinese firms are applying for licenses to use stablecoins in Greater Bay Area trade, Southeast Asian remittances, and digital gold settlements. Officials say the ordinance marks a paradigm shift in Hong Kong’s financial infrastructure and will support RMB internationalization. In the next six months, compliant issuers and offshore RMB stablecoin issuance will further drive cross-border payments adoption and stablecoin growth.
Bullish
Hong Kong stablecoin ordinancestablecoin regulationcross-border paymentsRMB internationalizationcrypto compliance
India is set to modernise its financial network by integrating Unified Payments Interface (UPI) across borders and domestic services. The Department of Posts has signed an NDA with NPCI International to connect UPI with the Universal Postal Union’s Interconnection Platform for real-time, low-cost remittances via post offices. Under the IT 2.0 upgrade, all 165,000 India Post branches will soon accept UPI payments through dynamic QR codes, boosting financial inclusion in rural areas. Bank of Baroda’s new bob e-Pay app and AU Small Finance Bank’s update allow NRIs to use UPI for international merchant payments and peer transfers via local or international mobile numbers. Additionally, AssetPlus has launched UPI AutoPay for Systematic Investment Plans, streamlining mutual fund SIP mandates. These initiatives aim to bridge the digital divide, reduce remittance costs, and accelerate digital adoption across India’s economy.
SWIFT’s Chief Innovation Officer, Tom Zschach, recently resurfaced a 2017 article highlighting Ripple’s bid to challenge SWIFT’s dominance in cross-border payments with its XRP-based solutions. The original article covered Ripple’s launch of its Swell conference to coincide with SWIFT’s flagship SIBOS event. Crypto researcher SMQKE questioned the timing of this repost, asking “What does he know about Ripple and SWIFT that the rest of the world is not supposed to see yet?” The move has reignited speculation over whether Ripple’s blockchain network can outpace SWIFT’s financial messaging system. Ripple CEO Brad Garlinghouse has forecast that XRP could capture 14% of SWIFT’s transaction volume within five years. As SIBOS 2025 approaches, market observers will watch for any competitive or collaborative updates that may influence the adoption of distributed ledger technology in global payments.
Nasdaq-listed Sharps Technology surged 70% after a $400 million capital raise to build what could become the largest corporate Solana treasury. Backed by ParaFi, Pantera, and others, Sharps will allocate proceeds to accumulate SOL. The Solana Foundation will sell $50 million in SOL at a discount, signalling growing interest in digital asset treasuries. In a partnership with Ripple, Gemini launched an XRP-branded credit card issued by WebBank. The card offers up to 4% back in XRP on fuel and EV charging, 3% on dining, 2% on groceries, and 1% on other purchases, with up to 10% back at select merchants. Gemini also added Ripple USD (RLUSD) as a base currency for all US spot trading pairs, bolstering its product suite ahead of a planned IPO. Prediction markets on Polymarket show a 10% chance President Trump will replace Fed Chair Jerome Powell in 2025, and a 27% chance he will remove Governor Lisa Cook. If realized, such changes could signal looser monetary policy, weakening the dollar and boosting risk assets, including bitcoin. This crypto roundup highlights a surge in Solana treasury fundraises, evolving XRP payment solutions, and market sentiment on Federal Reserve leadership.
In 2025, AI crypto trading will reshape market strategies. Traders blend manual approaches—day trading, swing trading, long-term HODLing, arbitrage, trend-following, momentum, event-driven, and indicator-based tactics—with advanced AI crypto trading tools. Leading platforms—Bitunix, 3Commas, Pionex, Cryptohopper, Coinrule, and HaasOnline—offer adaptive strategy learning, smart trade signals, dynamic grid bots, real-time backtesting, and secure API integrations. Best practices include diversified algorithm portfolios, rigorous backtesting, daily bot monitoring, and strict risk controls (max drawdowns, stop-loss limits, position-size caps). Common pitfalls involve over-reliance on automation, outdated algorithms, and neglected real-time risk management. Effective AI crypto trading enhances execution speed, data analysis, and risk management, empowering traders to respond to volatility with greater consistency and precision.
Neutral
AI Crypto TradingTrading StrategiesCrypto PlatformsMachine LearningRisk Management
RSXYZ, a publicly listed Thai firm, has launched an institutional bitcoin purchase program by raising $5.8 million through a common stock issuance. The RSXYZ bitcoin purchase will fund the acquisition of 3,333 BTC over the next three years, using a dollar-cost averaging strategy to mitigate volatility. This move underscores growing corporate confidence in digital assets and highlights bitcoin’s role as a treasury diversification tool and inflation hedge.
By committing significant capital, RSXYZ aims to position itself at the forefront of crypto adoption in Southeast Asia. The staged RSXYZ bitcoin purchase signals a measured approach that could encourage other Thai and ASEAN companies to explore cryptocurrency investments. Analysts expect increased institutional demand to bolster market legitimacy and potentially support price stability. With global peers like MicroStrategy setting precedents, RSXYZ’s strategy reflects a broader trend of corporate bitcoin treasury management.
Chainlink supply plunge on exchanges hit a record low this August, driven by heavy whale outflows and long-term accumulation. CryptoQuant data shows net outflows of approximately 239,000 LINK, with a single-day withdrawal exceeding one million tokens between August 1 and 7. Reduced exchange supply often translates to lower sell pressure, supporting LINK’s rally from $16 to over $25 earlier this month.
After peaking near $26, LINK retraced to around $23 amid a broader market pullback. On-chain analysts note a symmetrical triangle forming, suggesting a short dip toward $22–$24 before a potential breakout. Fibonacci projections mark upside targets at $31, $52, and ultimately $98–$100 if current support holds.
Adding to bullish sentiment, Chainlink announced a partnership with SBI Holdings to integrate its oracle technology into Japanese financial applications. This collaboration could boost network usage and further reduce circulating LINK supply. Together, the supply plunge and the SBI partnership point to mounting bullish momentum and raise the viability of a $100 price target for LINK.
MAGACOIN FINANCE, a high-profile 2025 crypto presale, has already secured over $13 million in funding and grown its community to more than 25,000 members. Key trust signals include a completed audit by Hashex.org and an ongoing CertiK review, reducing smart-contract risk for early investors. The project boasts 12,000+ participants, active engagement across Telegram and X, and rising Google search interest—clear signs of genuine organic momentum. Unlike pure meme coins, MAGACOIN FINANCE plans real utility via DeFi integrations, a rewards ecosystem, and staking functionality. Analysts draw parallels to Ethereum’s early growth, citing potential 100x–1000x ROI at the current entry price under $0.005. A doxxed team, published audits, open communication channels, and strategic media mentions further differentiate MAGACOIN FINANCE from typical scam projects, fueling bullish sentiment among traders.
AxioraSwap facilitated a $10 million BTC-to-USDT swap for a Bitcoin wallet inactive since 2010, as detected by Arkham Intelligence. The dormant whale moved early-mined Bitcoin through AxioraSwap’s decentralized cross-chain protocol in a single on-chain transaction, completing the swap within 14 minutes and paying just 0.15% in fees. By bypassing centralized exchanges and OTC desks, the whale avoided KYC, custody delays and higher charges. AxioraSwap’s architecture relies on native liquidity pools across major blockchains, enabling trustless, autonomous swaps without wrapping or bridging. Users send funds to a generated deposit address, and the protocol delivers outputs directly. This event underscores growing DeFi adoption and marks a shift towards self-sovereign capital management. While the $10 million trade suggests profit-taking that could weigh on BTC in the short term, the seamless cross-chain swap highlights maturing infrastructure in decentralized finance. Traders should watch for increased whale activity in DeFi and its potential influence on market liquidity and protocol usage.
The Bitcoin Swift presale has raised over $1.3 million from 5,500 investors. In its final Stage 7 on Solana, the presale offers tokens at $7 each with a boosted 300% APY. Programmable Proof-of-Yield distributions reward participants in real time. The project features AI smart contracts, zk-SNARK privacy, and hybrid PoW/PoS consensus, audited by Cyberscope, Solidproof and Spywolf with full KYC. Bonus tiers range from 50% to 300% extra tokens for contributions of $100 to $10,000+, while a 25% referral bonus amplifies community growth. Binance’s BNB and Chainlink’s LINK continue to benefit from exchange utility and oracle integrations, reinforcing blue-chip strength. The Bitcoin Swift presale concludes three days before the early launch on August 30. With high APY rewards and Solana-based speed, this presale offers both speculative potential and real utility for crypto investors.
Stader price jumped 42% on Aug. 26 after its debut on Bithumb’s Korean Won (KRW) market. The listing on Ethereum’s network boosted liquidity and spiked trading volume by over 300%, reaching $25.5 million in 24 hours. At press time, Stader price traded around $0.91, up nearly 39% in one day and 26% over seven days. Recent governance updates, including a July vote to allocate 20% of protocol revenue for SD buybacks, have strengthened token fundamentals. Technical indicators show a breakout above consolidation near $0.60, with immediate resistance at $1.12 and potential upside toward $1.40. Key support lies at $0.74; a failure here could retrace to $0.60.
Binance has rolled out a beta version of its keyless browser extension, enabling traders to manage crypto assets and access dApps directly within Chrome. The keyless browser extension employs multi-party computation (MPC) to split the traditional private key into three separate shares stored across devices, removing a single point of failure. Users unlock the feature by scanning a QR code or importing existing wallets via seed phrases. Sessions expire after 24 hours of inactivity, with a 48-hour maximum login window. While keyless MPC reduces major risks, the extension may introduce new attack vectors: fake extensions, hijacked updates, or device malware could compromise key shares. Traders should verify the official Binance extension, check site origins, and avoid saving passwords to mitigate threats. This launch enhances wallet security and Web3 usability without altering market dynamics.
Blockchain-linked decentralized AI frameworks promise to overcome the limitations of centralized models by enabling real-time data sharing, collective learning, and immutable audit trails. Current large language models operate in corporate silos, relying on static datasets and closed retraining cycles. In contrast, a DeAI model built on blockchain uses federated learning to let AI agents update and validate knowledge on-chain, fostering global “embodied” intelligence across robots and autonomous systems. This open infrastructure can accelerate AI evolution, enhance transparency, and support applications from logistics to healthcare. By 2025, 85% of firms will deploy AI agents, but without shared data layers these agents risk repeating mistakes. Blockchain ensures trust through immutable records, enabling users to trace decision paths and verify data sources. While conscious AI remains theoretical, a decentralized AI network of thousands of agents could produce emergent behaviors akin to collective intelligence. Transparency and public verification address concerns over bias and black-box models, creating a foundation for AI systems that learn continuously in public view. As industries adopt AI, blockchain may be the missing link toward autonomous agents capable of self-reflection and adaptation at scale.
Ripple CEO Brad Garlinghouse unveiled Gemini’s XRP rewards card, offering up to 4% crypto cashback on Mastercard rails. Issued by WebBank, the card transforms everyday spending into XRP accumulation without exchanges. This launch marks a milestone for XRP real-world adoption. Market response was mixed, with social media buzzing and analysts weighing in on utility versus price impact. Technical analysis shows XRP trading at $2.87 within a descending triangle pattern. The key support level of $2.73 must hold to prevent a slide toward $2.33. Short-term resistance sits at the 20-day EMA of $3.04, while the RSI remains neutral. A breakout above the triangle’s downtrend line could trigger a rally to $3.40 and potentially retest the all-time high of $3.65. Traders should watch both the card’s adoption metrics and the $2.73 support level to gauge XRP’s market direction and confirm bullish or bearish momentum.
Analysts at Bitfinex warn that a full-scale altcoin rally may stall without approval of new crypto ETFs beyond Bitcoin and Ethereum. They argue that broad-based ETF approvals are critical to sustain demand and stable inflows across altcoins. The current market shows cautious capital flows into spot Bitcoin and Ethereum ETFs, lacking the ‘rising tide’ effect needed for altcoins, and delaying any altcoin rally. However, David Duong, global head of research at Coinbase Institutional, predicts an altseason by September, citing a 4.5% drop in Bitcoin dominance and possible rotation into higher-risk tokens. Meanwhile, the US SEC has delayed decisions on multiple proposed ETFs covering Solana, XRP and combined Bitcoin-Ethereum products. In response, issuers are racing to secure ETF approvals for altcoin products. Grayscale Investments filed an S-1 to convert its Avalanche Trust into a spot AVAX ETF, with Coinbase Custody and BNY Mellon announced as service providers. VanEck has also filed for its own spot Avalanche ETF. Despite AVAX’s 55% plunge from its December 2024 peak to around $23, the network shows renewed activity, with SkyBridge Capital’s $300 million tokenization project and Wyoming’s Frontier Stable Token support. Traders now await ETF approvals as the key catalyst for any sustainable altcoin rally.
Bitcoin dipped below $109,000 as markets reacted to Fed signals and mounting liquidations. Bitcoin’s daily drop triggered over $300 million in liquidations. The flagship cryptocurrency plunged by over 1% daily, pushing its market cap below $2.2 trillion and lifting its dominance to 56.6%. Altcoins fell harder across the board. Ethereum slid from its all-time high by more than 4%, trading near $4,400 after a $600 drop. SOL, DOGE and LINK recorded declines up to 8%. Mid-cap tokens like XRP, TRX, BNB, XLM, BCH, AVAX and TON also shed 5-6% in 24 hours. The total crypto market cap shrank below $3.9 trillion, losing $60 billion overnight. Traders face increased volatility and liquidation risks amid bearish momentum. Monitoring key support levels and liquidity will be crucial for upcoming sessions.
Bitcoin fell below its 100-day SMA for the first time since April, signaling a bearish shift in momentum. The price also dropped beneath the Ichimoku cloud and violated the April-July trendline, mirroring the February breakdown that preceded a deeper sell-off. Traders will watch support at $105,390 (38.2% Fibonacci retracement) and the 200-day SMA near $100,928, with resistance at $111,592 and the recent high of $117,416. In contrast, ETH, SOL and XRP remain above their 100-day SMAs. Ether and Solana also sit above their Ichimoku clouds, suggesting relative strength. XRP trades within the cloud, indicating consolidation. A risk-on move could see ETH or SOL outperform Bitcoin. This technical analysis offers crypto traders clear levels to monitor for potential reversals or continuation.
Chainlink (LINK) is retesting a critical support zone amid a market pullback. After failing to hold $27.87, LINK fell below $25 and now trades near $23.5. Analysts at AltCryptoTalk say that as long as LINK stays above $23.5, the overall bias remains bullish, presenting trend-following long setups on each dip. Analyst Ali Martinez highlights a four-year symmetrical triangle pattern targeting a 280% breakout to $95–$100, though he warns of a possible 15% drop to roughly $20 before confirmation. Rekt Capital adds that a monthly close above $23.86 is vital to avoid a deeper retracement toward $19.41. Comparisons to Ethereum’s pattern by Alex Clay further underline upside potential once LINK reclaims resistance. On the fundamentals side, a new partnership with SBI Group will leverage Chainlink’s CCIP, SmartData and Proof of Reserve for tokenized assets and stablecoins. Traders should watch the $23.5 support and the triangle formation for entry opportunities ahead of a potential rally.
Bitlayer has unveiled details of its upcoming BTR airdrop, set to begin at 18:00 UTC+8 on August 27 and run for 30 days. Eligible participants include holders of BTR tokens, Gems, and Points in the Racer Center, winners of community events and lotteries, and users engaged in Bitlayer’s ecosystem partner activities. The token unlock schedule is split between event-based and time-based releases: rewards from super races and community activities will be fully unlocked at the token generation event (TGE), while Racer Center points and partner activity rewards will see 80% unlocked at TGE and the remaining 10% each at six and 12 months post-TGE. This initiative follows Bitlayer’s recently published token economics, allocating 40% of BTR supply to ecosystem incentives and 7.75% to node incentives. Traders should monitor the BTR airdrop and token unlock schedule closely, as they could impact supply, liquidity, and market sentiment.
Trump-backed WLFI will open token claims and trading on September 1, unlocking 20% of early investors’ allocations after an on-chain Lockbox compliance check beginning August 25. Pre-listing perpetual futures on Binance, OKX and Bybit pushed WLFI as high as $0.55 before settling around $0.22–$0.42, implying a fully diluted valuation between $22 billion and $40 billion and generating returns from 14× to 800×. Current futures open interest stands at 12.72 billion WLFI contracts, with Binance holding 54% of positions. With the circulating market cap near $11 billion and Trump’s planned USD1 stablecoin fuelling retail hype, traders face divergent scenarios: a bearish sell-off as early backers hedge profits or a bullish rally driven by low supply and continued social media endorsements. Watch for short-term volatility, potential pullbacks to $0.25–$0.30, and long-term adoption data for WLFI’s stablecoin and loyalty programmes to gauge sustainability.
Gate has launched a recruitment drive for "ETF Leverage Token Product Experience Officers" running from August 26 to September 10 (UTC+8), offering a $10,000 prize pool. Traders are invited to test Gate’s ETF leverage tokens, which use leverage to amplify asset price movements and offer higher return potential. As one of the few centralized exchanges focused on ETF leverage tokens, Gate supports the largest range of such products in the market, aiming to diversify users’ trading tools and help them navigate market volatility.