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6th

Gate Alpha's 36th Hot Coin Trading Competition has begun, with a total airdrop value of over $100,000 in hot coin sharing

According to official news, Gate Alpha officially launched the 36th Hot Coin Trading Competition on May 6 at 14:00 (UTC+8). Users can participate by trading designated hot coins to share a total airdrop reward worth over $100,000.This event features a dual reward mechanism: on the basic level, users can receive 1 chance to draw a regular blind box for every 200 USDT traded, with a total prize pool of about $30,000, a 100% winning rate, and prizes including iPhone 17, GT tokens, and Alpha fee rebate vouchers; on the advanced level, after reaching a trading volume of 4,000 USDT, users can earn 1 chance to draw a premium blind box for every additional 500 USDT traded, with a total prize pool of about $76,000, and prizes including iPhone 17 Pro Max, high-value GT tokens, and high-value Alpha fee rebate vouchers. Additionally, when inviting friends to make their first trade of 100 USDT, both the inviter and the new user can receive extra rewards. All rewards are distributed in real-time and are available until exhausted.Gate Alpha now supports popular public chains such as SOL, ETH, Gate Layer, BNB Chain, Base, SUI, ARB, World Chain, AVAX, Polygon, LINEA, ZK, OP, and Berachain, and allows seamless trading of all-chain tokens through the contract address search function, enabling cross-chain trading and achieving one-click access to on-chain tokens.

Eric Trump responds to Forbes' criticism: ABTC BTC holdings exceed 7,000 coins, ranking as the 16th largest publicly listed Bitcoin company

Eric Trump, the second son of Trump, responded to Forbes' criticism of his significant arbitrage through the Bitcoin business, which harms MAGA investors. Eric stated that Forbes has become a disgrace in the journalism industry. Just over a year ago, his Bitcoin company American Bitcoin (ABTC) did not exist. 7 months and 25 days ago, ABTC was listed on Nasdaq, and today it holds over 7,000 Bitcoins, becoming the 16th largest publicly traded Bitcoin company in the world, backed by a massive cluster of nearly 90,000 mining machines and a computing power of 28 EH/s, using the highest quality energy in the United States.In just the fourth quarter, the Bitcoin on the balance sheet increased by 58%, with mining costs 53% lower than the market price of Bitcoin, and fourth-quarter revenue reached $78.3 million, a quarter-over-quarter increase of 22%. American Bitcoin can be said to be the company that has entered the "top 100" ranking in this field at the fastest speed, and it is actively expanding its mining scale every day. This narrative is strikingly similar to Forbes' rhetoric from years ago.According to previous reports from ChainCatcher, Forbes published an article criticizing Eric Trump's Bitcoin business as a disaster, pointing out that Eric Trump promotes his Bitcoin company American Bitcoin (ABTC) as a money printer, but in reality, it is just an arbitrage tool specifically designed to exploit those investors who support MAGA (Make America Great Again).

World Gold Council: Central banks around the world net purchased 19 tons of gold in February, with China increasing its gold holdings for the 16th consecutive month

The World Gold Council released the February central bank gold purchase report this week, showing that central banks net bought 19 tons of gold in February 2026. Although this is still below the monthly average of 26 tons reported for 2025, it represents an increase compared to the net purchase of 5 tons in January 2026.The World Gold Council stated that the situation in February seems to indicate a rebound in central bank gold purchases after a quiet January, highlighting the recognition and commitment of central banks to gold as a reserve asset. Additionally, the report shows that some central banks have maintained a record of continuous net gold purchases, accumulating 44 tons from November 2024 to February 2026, with the Czech Republic reporting net purchases for the 36th consecutive month. China has increased its gold holdings for the 16th consecutive month.Goldman Sachs' research report at the end of March pointed out that supported by the ongoing gold purchases by central banks and the expectation that the Federal Reserve will cut interest rates twice this year, the medium-term outlook for gold remains solid, with gold prices expected to rise to $5,400 per ounce by the end of the year. UBS also projected at the end of March that the target price for gold in early 2027 will be $5,900 per ounce.
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