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- 💙 Gate Square #Gate Blue Challenge# 💙
Show your limitless creativity with Gate Blue!
📅 Event Period
August 11 – 20, 2025
🎯 How to Participate
1. Post your original creation (image / video / hand-drawn art / digital work, etc.) on Gate Square, incorporating Gate’s brand blue or the Gate logo.
2. Include the hashtag #Gate Blue Challenge# in your post title or content.
3. Add a short blessing or message for Gate in your content (e.g., “Wishing Gate Exchange continued success — may the blue shine forever!”).
4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
📢 Post your futures trading experience on Gate Square with the event hashtag — $25 × 20 rewards are waiting!
🎁 $500 in futures trial vouchers up for grabs — 20 standout posts will win!
📅 Event Period: August 1, 2025, 15:00 – August 15, 2025, 19:00 (UTC+8)
👉 Event Link: https://www.gate.com/candy-drop/detail/BTC-98
Dare to trade. Dare to win. - 📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
The Bitcoin and Cryptocurrency Market Is Heavily Affected by Trump's Tax Announcement Coming into Effect
The cryptocurrency market has faced significant volatility this week as President Donald Trump announced comprehensive tariff policies that shook both traditional and digital asset markets. Bitcoin (BTC) initially attempted to defend the $83,000 mark but ultimately plummeted, rising above $88,000 in the short-term before returning to $82,223. The sharp decline occurred following Trump's "Liberation Day" remarks and the announcement of reciprocal tariff levels against global trading partners.
Liquidation Across the Market and the Collapse of Cryptocurrency The immediate consequence of Trump's announcement is that the total market capitalization of cryptocurrencies has fallen by more than 5%, to a low of $2.64 trillion. Bitcoin fell by 2.5%, while Ethereum (ETH) and Solana (SOL) suffered larger losses of 6% and 6.6%, respectively. Cryptocurrency derivatives traders have been severely impacted, with $509 million liquidated, including $176 million in positions focused on Bitcoin. In total, 181,544 traders saw their positions forcibly closed. Traditional markets also felt the impact, with Dow Jones futures plummeting 918 points and the S&P 500 falling 3.7%, wiping out nearly $2 trillion in market value. What Are the Reasons Behind the Sell-Off? The catalyst for the sell-off is Trump's aggressive tariff strategy. His administration has implemented a basic tariff of 10% on all imports and a 25% tariff on foreign-produced cars. In addition, reciprocal tariffs, expected to take effect on April 9, will impose tariffs of up to 54% on certain countries, including China. These protective policies have created instability across financial markets, prompting investors to shift towards safer assets. While Bitcoin often acts as a hedge against economic instability, its recent price movement indicates that investors are currently favoring traditional safe havens such as gold, which rose from $3,134 to $3,152 an ounce on the same day. How Will Bitcoin React in the Future? With Bitcoin stabilizing at around 82,000-84,000 dollars, analysts remain divided on what will happen next. Some believe this is just a short-term adjustment, while others argue that the risk of a fall continues to exist if macroeconomic pressures persist.