🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
Fidelity: Bitcoin Could Be Part of New World Order
Jurrien Timmer, director of global macro at Fidelity, has opined that Bitcoin could "perhaps" become part of "a new world order," in which the U.S. dollar partially loses its supremacy
"If the dollar is in a sustained downtrend, it could provide a major tailwind for non-US equities and commodities," he said
Timmer pointed to the fact that the leading cryptocurrency had shown "palpable" weakness
The greenback suffered its first half-year performance since the early 1970s, dropping by 10% against a basket of other major fiat currencies. Such a severe plunge was last recorded back in 1973, which was the year President Richard Nixon ditched the gold standard
The euro has surged by 14%, routinely hitting multi-year peaks. The British pound also recently reached a three-year peak after recording a double-digit gain
The massive decline has been caused mainly by global trade tensions as well as concerns about the growing deficit. The U.S. Federal Reserve is also expected to cut interest rates this year, which will undercut the greenback's yield advantage
Gold prices tend to move inversely to real interest rates. However, as noted by Timmer, this correlation broke down about three years ago. "Maybe this regime change was signaled three years ago when gold stopped trading in lockstep with real rates," he said.
The yellow metal has so far outperformed Bitcoin in 2025. However, as reported by U.Today, Timmer predicted that gold could pass the baton to its digital competitor in 2025
Bitcoin reached an intraday high of $110,322 earlier this Thursday. The cryptocurrency is less than 2% away from reclaiming its previous all-time high of $112,000 that was reached on the Bistamp exchange on May 22.