📢 Gate Square #Creator Campaign Phase 1# is now live – support the launch of the PUMP token sale!
The viral Solana-based project Pump.Fun ($PUMP) is now live on Gate for public sale!
Join the Gate Square Creator Campaign, unleash your content power, and earn rewards!
📅 Campaign Period: July 11, 18:00 – July 15, 22:00 (UTC+8)
🎁 Total Prize Pool: $500 token rewards
✅ Event 1: Create & Post – Win Content Rewards
📅 Timeframe: July 12, 22:00 – July 15, 22:00 (UTC+8)
📌 How to Join:
Post original content about the PUMP project on Gate Square:
Minimum 100 words
Include hashtags: #Creator Campaign
Analyst: MicroStrategy's BTC strategy is a giant Ponzi Scheme
Analyst Jacob King referred to MicroStrategy's BTC-centric business model as a 'huge eyewash', deeming it unsustainable and destined to collapse. King said that MicroStrategy's strategy of issuing bonds to buy BTC is a "giant Ponzi eyewash." He explained that the company's model relies on a feedback loop: issuing debt or equity to buy BTC will drive up the price, thereby increasing MicroStrategy's market value. A higher valuation allows the company to raise more funds to further purchase BTC. King warned that the entire cycle depends on the continuous rise in BTC price. King added, "When BTC stagnates or collapses, the entire structure will collapse."