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BNB $644.99 +2.88%
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SOL $90.31 +4.33%
TRX $0.3254 -0.31%
DOGE $0.1013 +3.20%
ADA $0.2649 +4.10%
BCH $460.05 +4.02%
LINK $9.80 +3.98%
HYPE $45.39 +1.86%
AAVE $117.17 +6.96%
SUI $1.02 +4.31%
XLM $0.1744 +5.62%
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aci

Gate collaborates with F1 Red Bull Racing Team to hold a racing parade in Hong Kong, with a cross-border special exhibition and anniversary events progressing simultaneously

Gate is hosting an F1 Red Bull Racing car display parade in Hong Kong, with the display cars appearing around Victoria Harbour and proceeding along a designated route, attracting market and public attention.This parade serves as an important offline action in the cross-industry collaboration between Gate and the F1 Red Bull Racing team, bringing top-tier racing culture into urban landmark scenes, enhancing brand exposure and discussion.From April 18 to 24, Gate will also launch the "Racing the Future" outdoor cross-industry exhibition at the K11 MUSEA waterfront promenade in Hong Kong, which will focus on showcasing Red Bull Racing cars and related equipment, as well as setting up interactive experience areas.As the official sponsor of the F1 Red Bull Racing team, this exhibition will be the first to showcase the brand new 2026 Red Bull Racing car and core equipment, introducing an immersive interactive experience area that recreates the fusion of top racing engineering and the aesthetics of speed.In addition, Gate will hold the "Gate 13 Blue Carpet Ceremony" on April 20, where the unveiling of the F1 Red Bull Racing display car and brand collaboration will take place. That evening, Gate will also host a high-end anniversary dinner event at the Rosewood Hong Kong, where platform founder and CEO Dr. Han will be present, and it is expected that over 300 representatives from top industry institutions and partners will be invited to participate in the exchange.

Gate collaborates with the Red Bull Racing team to host a high-profile VIP reception at the F1 Japan Grand Prix, strengthening global connections

The 2026 season F1 Japanese Grand Prix will kick off from March 27 to 29 at Suzuka Circuit. Gate, in collaboration with the F1 Red Bull Racing team, is hosting a high-standard VIP hospitality event, inviting several KOLs and guests from major market makers, institutions, and project parties to attend in person, engaging in multidimensional communication and interaction within an immersive viewing experience.During the event, guests will watch the race up close in the Paddock Club area and gain insights into the operation of the cars and race strategies in the pit area. They will enjoy top-notch dining services in exclusive areas, fully experiencing the competitive charm and viewing privileges of F1 events in a high-standard reception and immersive atmosphere.As the official sponsor of the Red Bull Racing team, Gate's brand logo will be prominently displayed on the car's rear wing, driver gear, and other locations. Japan is not only one of the key stops in the F1 calendar but also an important market for Gate's compliance layout. Currently, Gate Japan has obtained a cryptocurrency exchange operating license issued by the Financial Services Agency (FSA) of Japan. In conjunction with this event, Gate continues to enhance its international brand influence and expand connections with global users and partners.

CoinShares: Bitcoin mining companies will see mining costs rise to $79,995 in Q4 2025, facing pressure to break even

According to The Block, digital asset management company CoinShares released a report indicating that Bitcoin miners are facing ongoing pressure to break even while accelerating their transition to AI. CoinShares' research director James Butterfill noted that the weighted average cash cost for publicly listed mining companies to mine one Bitcoin in the fourth quarter of 2025 has risen to approximately $79,995.The price of computing power has further dropped from $36 to $38 per PH/s/day to about $28 to $30 in the first quarter of 2026, meaning miners are still under more pressure. The report also pointed out that a triple negative difficulty adjustment at the end of 2025 is the first since July 2022, with publicly listed miners' Bitcoin reserves decreasing by more than 15,000 coins from their peak, with Core Scientific, Bitdeer, and Riot all having sold, and MARA separately announced the sale of 15,133 Bitcoins on Thursday.Regarding price outlook, Butterfill stated that a rebound in Bitcoin price to $100,000 "is not unrealistic," at which point the price of computing power is expected to rise to about $37 per PH/s/day; if it reaches the previous high near $126,000, it could reach about $59. If Bitcoin remains below $80,000 in the long term, the price of computing power will continue to decline with rising difficulty, but the exit of loss-making capacity may stabilize returns.In terms of the AI transition, Butterfill expects that publicly listed mining companies are rapidly accelerating their shift to artificial intelligence and high-performance computing, driven primarily by the higher and more stable returns in these fields compared to Bitcoin mining. By the end of this year, the revenue share from AI for publicly listed mining companies is expected to rise from the current approximately 30% to as high as 70%.

Gate will collaborate with the F1 Red Bull Racing team to hold a cross-border exhibition at Victoria Harbour in Hong Kong

The digital asset platform Gate announced that it will collaborate with the F1 Red Bull Racing team to jointly launch the "Racing the Future" outdoor cross-border exhibition in Victoria Harbour, Hong Kong, from April 18 to 24. As a key highlight of Gate's 13th anniversary global celebration, the event will be held at the iconic cultural and commercial space K11 MUSEA (Seaside Promenade), covering an area of 238 square meters and open to the public. Through racing engineering displays and immersive interactive experiences, it will showcase the fusion of speed culture and technological elements.As the official sponsor of the F1 Red Bull Racing team, Gate's exhibition will for the first time focus on showcasing the Red Bull team's brand new 2026 racing car and core equipment, and will introduce an immersive interactive experience area that recreates the fusion of top racing engineering and speed aesthetics. Championship driver Max Verstappen and driver Isack Hadjar's racing suits, equipment, and gloves will also be on display, along with a giant helmet installation of Max Verstappen, enhancing the connection between fans and the racing culture.Leveraging F1 as a top global sports IP, Gate is continuously strengthening its international brand influence and promoting the extension of the digital asset platform into offline scenarios.
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