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activity

Gate 2's institutional trading activity increased in February, with the average daily contract trading volume rising by 20% month-on-month

According to the latest official data, Gate's institutional business maintained a growth trend in February. Among them, the average daily trading volume of institutional spot increased by about 5% month-on-month, and the average daily trading volume of institutional contracts increased by nearly 20% month-on-month. Despite the overall market fluctuations and holiday factors, the trading activity of institutions has still improved.In terms of institutional ecosystem construction, Gate successfully held the Gate Institutional Circle event during Consensus HK, attracting about 70 industry representatives from market makers, asset management institutions, and custodians such as Copper, Flow Traders, Flowdesk, and Wincent to discuss topics such as cross-exchange liquidity, institutional-grade trading infrastructure, and risk management.At the same time, Gate is advancing the CrossEx cross-exchange trading infrastructure, third-party custody docking, and API system construction, and is conducting technical docking with custodians such as Fireblocks, Copper, and Bitgo to strengthen support for institutional-level trading and asset custody. As cross-platform liquidity collaboration and institutional-level trading architecture continue to improve, the platform's institutional business infrastructure is further expanding towards globalization and specialization.

The US dollar index fluctuates at a low level, and the trading activity of Gate TradFi in foreign exchange has increased

According to TradingView data, the US Dollar Index (DXY) has slightly retreated to around 97.76 within 24 hours, with a daily decline of about 0.02%, maintaining a low-level fluctuation overall. From a medium-term perspective, the US Dollar Index has fallen more than 8% in the past 12 months, indicating ongoing market concerns about the medium-term trend of the dollar. Against the backdrop of international turbulence, fluctuations in dollar-related foreign exchange have boosted trading activity in the forex market.In terms of forex trading, Gate TradFi offers forex trading services covering 48 mainstream currency pairs, among which the core currency pairs priced or settled in US dollars include EUR/USD (Euro/US Dollar), USD/JPY (US Dollar/Japanese Yen), GBP/USD (British Pound/US Dollar), USD/CHF (US Dollar/Swiss Franc), USDCNH (US Dollar/Offshore Chinese Yuan), etc.Currently, Gate TradFi has officially launched traditional financial asset Contract for Difference (CFD) trading services covering gold, silver, forex, indices, commodities, and some popular stocks, with related functions fully integrated into the Gate App. In addition, Gate TradFi's trading volume has officially been incorporated into the Gate VIP tier system, allowing users to simultaneously upgrade their VIP level while trading in TradFi, unlocking higher rate discounts and exclusive benefits.

The People's Bank of China and the China Securities Regulatory Commission: This notice emphasizes that conducting RWA asset securitization without permission is an illegal activity, and continues the policy stance on virtual currencies from recent years

The heads of the People's Bank of China and the China Securities Regulatory Commission stated that the background for the release of the "Notice on Further Preventing and Dealing with Risks Related to Virtual Currencies" (hereinafter referred to as the "Notice") is: based on summarizing previous work experiences and in conjunction with the new risk situation, the original document has been revised to form the "Notice."In addition, this notice continues the policy stance of recent years, reiterating that virtual currencies do not have the same legal status as legal tender, and that conducting virtual currency-related business activities within the country is considered illegal financial activity. Foreign entities and individuals are not allowed to illegally provide virtual currency-related services to domestic entities in any form.In response to the rapid development of real-world asset tokenization in recent years, the "Notice" emphasizes that conducting real-world asset tokenization activities within the country, as well as providing related intermediary and information technology services, which may involve illegal issuance of token vouchers, unauthorized public issuance of securities, illegal operation of securities and futures businesses, and illegal fundraising, should be prohibited; except for related business activities conducted based on specific financial infrastructure with the approval of the competent business authorities in accordance with laws and regulations. Foreign entities and individuals are not allowed to illegally provide real-world asset tokenization-related services to domestic entities in any form.

DWF Founder: The crypto market is close to bottoming out, and behind-the-scenes M&A activity is very active

DWF Labs founder Andrei Grachev stated, "I believe the crypto market is now close to the bottom, with Bitcoin prices possibly experiencing around 15% volatility. This does not mean that there can only be upward movement afterwards, but it will drive more funds into the market. Although professional investors are still deploying capital, especially into RWA (real-world assets) and projects with large-scale and bold visions, there is almost no capital inflow from direct market purchases.In my view, making a new project popular and attracting attention is much easier than reviving and promoting old projects. This is also why I believe that most altcoins will rise after this bear market, except for those that truly have real business and business development—these will naturally be driven up by the overall market's future growth.Retail-driven trading volume, or what you might call foolish trading, is currently mainly flowing into PumpFun, with some going to Polymarket, but the world will not change because of this. When the market starts to recover and coin prices begin to rise, these people will follow suit, buying what whales are currently buying, as well as the new tokens I mentioned earlier. Behind the scenes, merger and acquisition activity is very active, with many projects and companies being acquired, some of which are planning to go public with at least some revenue. Because the long-term growth of the crypto industry is not in question, it's just a matter of time; the issue is survival rate."

Gate Ventures: BTC and ETH have significantly retraced, while investment and financing activity has risen against the trend

According to the latest crypto weekly report released by Gate Ventures, the overall crypto market faced pressure and retraced in the past week, with BTC down 8.7% and ETH's decline widening to 19.4%. ETF fund flows significantly weakened, with BTC and ETH ETFs recording net outflows of approximately $1.49 billion and $327 million, respectively, while the total market capitalization of crypto assets declined by 11.3% over the week. The ETH/BTC exchange rate fell below the critical level of 0.03, further deteriorating market sentiment and entering the "extreme fear" zone, with increased volatility revealing gradual leverage and position pressure.In terms of on-chain and industry activities, despite market pressure, venture capital and innovation dynamics continue to drive progress. Several developments are focused on payment infrastructure, compliant on-chain services, and adaptive DeFi architectures. In terms of investment and financing, a total of 11 financing transactions were completed last week, with a disclosed total financing amount of approximately $188.5 million, an increase of about 52% compared to the previous week, with funds mainly concentrated in DeFi and infrastructure-related areas. These dynamics indicate that, in a context of cautious sentiment, capital allocation remains structurally selective and continues to support developments related to long-term on-chain utility.

U.S. Senator warns that the UAE's deal with WLFI may involve criminal activity

According to Decrypt, U.S. Senator Chris Murphy from Connecticut has warned that a deal involving UAE investors secretly paying Trump-associated cryptocurrency firms may involve potential criminal activity. Murphy alleged that four days before Trump's inauguration, Aryam Investment, linked to UAE Sheikh Tahnoon bin Zayed, agreed to acquire 49% of Trump-associated cryptocurrency company World Liberty Financial for $500 million, with approximately $187 million flowing to entities associated with the Trump family and at least $31 million going to family-associated entities of Trump's Middle East envoy, Steve Witkoff.Subsequently, the Trump administration approved the expansion of UAE's access to advanced U.S. AI chips, which had been restricted during the Biden administration. In his Senate speech, Murphy summarized the accusation as: a secret massive transfer of funds to Trump and envoy-associated families, followed by the U.S. sharing restricted security technology with the UAE. He stated that this is corruption, constitutes elements of bribery, and is potential criminal behavior, warning that although accountability may be delayed, the consequences are inevitable, the rule of law will return, and those who trade power for money will go to jail. Previously, it was reported that a confidant of the Abu Dhabi royal family secretly invested $500 million to acquire 49% of the Trump family's WLFI company; Trump responded that he was unaware of the $500 million investment from Abu Dhabi into WLFI, and that his sons were handling it.
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