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- 🔥 Poll: Can BTC Break Its ATH This Week?
ATH Recap: Bitcoin hit its ATH of $109,702.5 on Jan 20, 2025, followed by a consolidation phase.
Recent Trends: With easing geopolitical tensions, sustained institutional inflows, and improving market sentiment, BTC has shown strong upward momentum.
This Week’s Key Question: The market looks bullish, but the ATH remains a major resistance level.
🗳️ Share your take—let’s see where the market goes! - 🔵 #GENIUS Stablecoin Bill#
On May 20, Eleanor Terrett reported that the GENIUS Stablecoin Bill passed a procedural vote (66-32), officially entering the review phase, though it hasn't yet become law. This marks significant progress toward the first U.S. federal stablecoin regulation framework. Is this a positive compliance step or a sign of increasing regulatory pressure? Share your thoughts!
🔵 #SOL Breaks $170#
SOL has passed the $170 mark, currently trading at $170.01, up 0.9% in the past 24 hours. However, according to regulatory filings submitted Monday, the SEC has extended the review d - 🔥 Gate Post Ambassador Exclusive Posting Reward Task Is On!
👉 Post daily from May 19 to May 25 and share a $300 prize pool based on your post quality!
Join now: https://www.gate.io/questionnaire/6679
Registration deadline: May 20 10:00 UTC
🎁 Reward Details:
S-Level Weekly Ranking Reward
Post every day for 7 days with an overall quality score above 90 to qualify for S-Level.
2 outstanding ambassadors will each receive a $50 trading fee rebate voucher.
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Based on the number of posts and their quality, ambassadors will be ranked and rewarded accordingly:
A-Level:
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- Gate Brand Strategy Major Upgrade
Launching our global domain Gate.com, alongside a brand-new logo!
With a cleaner, more distinctive, universally recognized visual identity, we're moving from industry leader to true pace-setter.
✨ Three Pillars of Our Strategic Upgrade
1. User First: Serving 23 million users worldwide, with a reserve ratio of 128.57%, solidly among the top in the industry.
2. Tech Innovation: Pioneering the use of zero-knowledge proofs to verify reserve security.
3. Global Compliance: One of the few crypto platforms legally operating across multiple regions.
Just as we declare
- 🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
🎯 How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
🔹 Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
#Stablecoin Legislation#
The Company Listed on Nasdaq Purchased These 2 Cryptocurrencies Worth 300 Million Dollars!
GD Culture Group, listed on Nasdaq, has pledged to invest up to $300 million in the Bitcoin token and the Trump-themed OFFICIAL TRUMP crypto token.
This funding is provided through a stock purchase agreement with an investor based in the British Virgin Islands and indicates that the company aims to establish a long-term crypto reserve. GDC plans to hold these digital assets as part of its treasury management, and this move symbolizes a strong belief in the future of cryptocurrencies.
Why is Crypto Investment Important?
GDC's addition of Bitcoin and TRUMP tokens to its balance sheet signifies a serious step towards the company's adoption of decentralized finance (DeFi) and blockchain. This move aligns with the trend of publicly traded companies integrating crypto into their financial strategies. It also reveals GDC's increased focus on its digital business model, particularly through its e-commerce-oriented subsidiary AI Catalysis.
Facing Financial Difficulties
Despite all these crypto moves, GDC's financial situation is still under pressure. The company reported a net loss of $14.1 million for 2024. This figure is slightly lower than the $14.3 million loss in 2023. Additionally, Nasdaq sent a warning letter to GDC stating that the company failed to meet the required $2.5 million shareholder equity requirement. The company needs to present a recovery plan within 45 days to remain listed on the exchange.
CEO: "A Strategic Leap"
The Chairman of the Board and CEO of GDC, Xiaojian Wang, emphasized that the company's shift towards crypto is a deliberate decision that aligns with market trends. Wang believes that this strategy will strengthen GDC's balance sheet and open up new growth opportunities. "We believe that this step will create value for our shareholders in the long run," said Wang, noting that they think blockchain is the financial system of the future.
However, not everyone is pleased with this decision. Crypto analyst Eva Lenoir criticized this move, stating that Bitcoin should not be "a toy for the elites." Lenoir compared the investment to a "warship setting sail with a paper sailboat," questioning the logic of managing treasury with political tokens like TRUMP.
GDC's $300 million cryptocurrency investment stands out as one of the boldest moves from a publicly traded company in recent times. While it reflects confidence in the future of cryptocurrencies, the inclusion of politically themed tokens makes this high-risk strategy even more controversial.